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Funding arb · Price arb /

NEAR

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 22:00 UTC−0.1106%/8h= −121.1% APRpaid last 24h −0.024%
Price spread now: Deribit against HTX−0.176%7-day average −0.182% · you buy dearer than you sell
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$470.474% of the position
Long on HTXShort on Deribit
What this pair did over the last
the charts below follow
Funding, last 7 days−0.207%−$21 on $10k
Price spread, last 3 days (all we have)−0.064%−$6 · spread now −0.176%, 7d avg −0.182%
Together, before fees−0.271%−$27 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.182%, so right now this pair is about funding alone: −$33 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.207% in total (about -10.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX NEAR-USDT4.14200.1106pay 0.1106% / 8h2h 23m$445K$3.7M75x
ShortDeribit NEAR_USDC-PERPETUAL4.13470get 0.0000% / 1h23m 51s$1.8M$2.1M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit against HTX. 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

Funding earned
−$232.33
Price spread: −0.176% → −0.182%
$0.61
Slippage, 4 orders
−$28.41
Fee HTX: 6 bp × 2 orders
−$12
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
−$279.13
Costs to cover
0.474%
Break-even
never at this rate
Slippage from HTX: live order book, 5 min ago; Deribit: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy HTX live order book, 5 min ago8.41 bp15.6 bp −$1629.0 bp −$290doesn't fitdoesn't fit
Sell Deribit live order book, 5 min ago4.21 bp7.9 bp −$813.0 bp −$130doesn't fitdoesn't fit

NEAR on 45 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya NEARRUSDPERP−0.0171%1h4.1297−0.297%$2K—20xas long as short
Coinbase International NEAR-PERP-INTX−0.0024%1h4.1456+0.087%$2.1M$12.7M50xas long as short
dYdX NEAR-USD0.0000%1h4.1333−0.210%$104K$54K10xas long as short
Kalshi KXNEARPERP0.0000%8h4.1401−0.046%$412K$19.0M2.2xas long as short
Deribit NEAR_USDC-PERPETUALshort0.0000%1h4.1347−0.176%$1.8M$2.1M25x
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0004%1h4.1345−0.180%$205K—150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.0730−1.666%$569$239K12xas long as short
Popdex NEARUSDT+0.0096%1h4.1290−0.314%$108K$490K50xas long as short
Paradex NEAR-USD-PERP+0.0100%8h4.1310−0.265%$30K$64710xas long as short
Aster NEARUSDT+0.0100%8h4.1349−0.171%$2.9M$5.9M50xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica NEAR+0.0100%1h4.1381−0.094%$366K$1.2M10xas long as short
Binance NEARUSDT+0.0100%8h4.1310−0.266%$235.2M$1.08B75xas long as short
Bybit NEARUSDT+0.0100%8h4.1276−0.348%$210.1M$428.3M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.1290−0.314%$56.5M$275.9M50xas long as short
Bulk NEAR-USD+0.0100%1h4.1550+0.314%$237K$6K10xas long as short
Gate NEAR_USDT+0.0100%8h4.1301−0.287%$29.4M$58.2M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.1310−0.266%$81.5M$143.9M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.1330−0.217%$55.9M$45.1M75xas long as short
Bitget NEARUSDT+0.0100%8h4.1288−0.319%$68.7M$127.2M75xas long as short
BingX NEAR-USDC+0.0100%8h4.1300−0.290%—$6.6M—as long as short
Variational Omni NEAR+0.0100%8h4.1444+0.057%$7.7M$18.5M—as long as short
edgeX NEARUSDC+0.0100%4h4.1419−0.004%$236K$1.2M20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.14200.000%$1.4M$1.3M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.14200.000%$182K$790K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.1327−0.225%$200K$3.1M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.1332−0.212%$53K$159K20xas long as short
SunX NEAR-USDT+0.0100%8h4.1360−0.145%$2K$1.4M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.1305−0.278%$5K$46K10xas long as short
Phemex NEARUSDT+0.0100%8h4.1300−0.290%$3.8M$8.4M50xas long as short
Extended NEAR-USD+0.0104%1h4.1291−0.311%$3.7M$14.6M25xas long as short
Aevo NEAR-PERP+0.0104%1h4.1310−0.266%$200K$65K3xas long as short
Arcus NEAR-USD+0.0118%1h4.1360−0.145%$306K$1.6M10xas long as short
Kraken Futures PF_NEARUSD+0.0150%1h4.1325−0.230%$7.0M$36.6M50xas long as short
01 Exchange NEARUSD+0.0216%1h4.1313−0.258%$12K$7K10xas long as short
BloFin NEAR-USDT+0.0220%8h4.1430+0.024%$12.3M$33.8M75xas long as short
Lighter RH NEAR+0.0320%1h4.1353−0.162%$1.4M$7.2M10xas long as short
Nado NEAR-PERP+0.0354%1h4.1275−0.349%$1.8M$3.6M10xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0372% / S −0.0317%1h4.1348−0.174%$272K—100xas long as short
RISEx NEAR/USDC+0.0569%1h4.1322−0.238%$412K$1.2M10xas long as short
Phoenix NEAR+0.0582%1h4.1501+0.196%$1.7M$2.8M10xas long as short
Backpack NEAR_USDC_PERP+0.0779%1h4.1364−0.135%$1.4M$5.7M20xas long as short
Lighter NEAR+0.0840%1h4.1380−0.097%$15.4M$22.8M15xas long as short
Aftermath Perps NEARUSD+0.0979%1h4.1443+0.056%$5K$11K10xas long as short
Hyperliquid NEAR+0.0996%1h4.1364−0.135%$347.0M$299.1M10xas long as short
HTX NEAR-USDTlong+0.1106%8h4.1420long leg$445K$3.7M75x