NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0755%/8h= +82.6% APRnext payment +$0.94 per $10,000 · paid last 24h +0.114%

Price spread now: Deribit against gTrade (Gains Network)+0.120%7-day average +0.074% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$282as in the Price arb table

costs, in and out, $10k−$2872.866% of the position

Long on gTrade (Gains Network)Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.354%+$35 on $10k

Price spread, last 4 days (all we have)−0.073%−$7 · spread now +0.120%, 7d avg +0.074%

Together, before fees+0.281%+$28 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and Deribit is 0.046% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.074%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) NEAR/USD	4.3579	L +0.0004% / S −0.0006%	pay 0.0001% / 1h	18m 42s	$163K	—	150x
Short	Deribit NEAR_USDC-PERPETUAL	4.3632	0.0759	get 0.0095% / 1h	18m 42s	$1.9M	$13.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against gTrade (Gains Network). Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee gTrade (Gains Network)bpFee DeribitbpOrdersPrice spread, now +0.120%Rate

Funding earned: $158.48
Price spread: +0.120% → +0.074%: $4.6
Slippage, 4 orders: −$269.59
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$123.51
Costs to cover: 2.866%
Break-even: 12.5 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 20 min ago; Deribit: live order book, just now.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy gTrade (Gains Network) virtual book (oracle venue), 20 min ago	130.01 bp	135.0 bp −$135	875.9 bp −$8,759	9405.5 bp −$940.6K	doesn't fit
Sell Deribit live order book, just now	3.43 bp	6.9 bp −$7	14.3 bp −$143	doesn't fit	doesn't fit

NEAR on 45 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya NEARRUSDPERP	−0.0171%	1h	4.3571	−0.019%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3624	+0.101%	$107K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USDlong	L +0.0004% / S −0.0006%	1h	4.3579	long leg	$163K	—	150x
Kraken Futures PF_NEARUSD	+0.0017%	1h	4.3577	−0.006%	$7.1M	$38.3M	50x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.978%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3600	+0.047%	$114K	$498K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3650	+0.162%	$220.4M	$428.8M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3660	+0.185%	$61.2M	$295.4M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3601	+0.048%	$248K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3617	+0.086%	$35.6M	$62.8M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NEARUSDTM	+0.0100%	8h	4.3650	+0.162%	$52.9M	$46.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3629	+0.114%	$72.2M	$127.7M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3517	−0.143%	$8.9M	$18.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3412	−0.385%	$252K	$899K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3550	−0.068%	$1.4M	$1.6M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3430	−0.343%	$166K	$815K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3619	+0.091%	$278K	$4.2M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3601	+0.049%	$58K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3670	+0.208%	$1K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3600	+0.047%	$5K	$50K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3590	+0.024%	$3.6M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3660	+0.184%	$32K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3660	+0.184%	$3.6M	$16.8M	25x	as long as short
Aevo NEAR-PERP	+0.0128%	1h	4.3615	+0.081%	$203K	$38K	3x	as long as short
HTX NEAR-USDT	+0.0148%	8h	4.3710	+0.299%	$465K	$3.8M	75x	as long as short
Aster NEARUSDT	+0.0150%	8h	4.3649	+0.159%	$2.7M	$4.9M	50x	as long as short
Hyperliquid NEAR	+0.0154%	1h	4.3660	+0.185%	$351.9M	$315.9M	10x	as long as short
MEXC NEAR_USDT	+0.0171%	8h	4.3670	+0.208%	$88.9M	$152.7M	200x	as long as short
Binance NEARUSDT	+0.0172%	8h	4.3662	+0.188%	$264.1M	$1.09B	75x	as long as short
Kalshi KXNEARPERP	+0.0178%	8h	4.3577	−0.006%	$963K	$25.0M	2.2x	as long as short
BingX NEAR-USDC	+0.0184%	8h	4.3630	+0.116%	—	$6.7M	—	as long as short
01 Exchange NEARUSD	+0.0240%	1h	4.3629	+0.114%	$13K	$7K	10x	as long as short
BloFin NEAR-USDT	+0.0292%	8h	4.3570	−0.022%	$13.3M	$32.1M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0319% / S −0.0207%	1h	4.3592	+0.030%	$236K	—	100x	as long as short
Nado NEAR-PERP	+0.0382%	1h	4.3575	−0.010%	$1.7M	$3.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0454%	1h	4.3641	+0.141%	$1.0M	$7.1M	20x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.3573	−0.015%	$2.3M	$16.9M	50x	as long as short
Lighter RH NEAR	+0.0536%	1h	4.3709	+0.297%	$1.5M	$6.7M	10x	as long as short
Lighter NEAR	+0.0560%	1h	4.3710	+0.299%	$17.2M	$25.3M	15x	as long as short
Arcus NEAR-USD	+0.0638%	1h	4.3610	+0.070%	$229K	$1.6M	10x	as long as short
Deribit NEAR_USDC-PERPETUALshort	+0.0759%	1h	4.3632	+0.120%	$1.9M	$13.1M	25x
Pacifica NEAR	+0.0949%	1h	4.3663	+0.192%	$411K	$1.4M	10x	as long as short
Phoenix NEAR	+0.0949%	1h	4.3607	+0.063%	$1.8M	$2.4M	10x	as long as short
RISEx NEAR/USDC	+0.0965%	1h	4.3615	+0.082%	$606K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1136%	1h	4.3444	−0.310%	$5K	$7K	10x	as long as short