Funding you earn now, next payment 23:00 UTC+0.0102%/8h= +11.2% APRpaid last 24h −0.049%
Price spread now: Bybit against Injective+0.539%68s7-day average −1.171% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.062%−$6 on $10k
+Price spread, last 3 days (all we have)−3.315%−$331 · spread now +0.539%, 7d avg −1.171%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Bybit is 1.710% dearer against Injective than usual: you sell high and buy low: +$171 more if the spread goes back to its 7-day average of −1.171%. Mind the row above: over the last 7 days funding on this pair cost −0.062%, so the current rate has only just turned in your favour. The two prices were read 68 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective NEAR/USDC PERP | 4.1410 | −0.0002 | get 0.0000% / 1h | 36m 17s | $578 | $302K | 12x |
| Short | Bybit NEARUSDT | 4.1633 | 0.0100 | get 0.0100% / 8h | 1h 36m | $212.1M | $422.3M | 75x |
Injective NEAR/USDC PERP
Bybit NEARUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Injective. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $21.5
- Price spread: +0.539% → −1.171%
- $170.97
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $181.44
- Costs to cover
- 0.110%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Bybit: live order book, 3 min ago. Net counts fees only.
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 Injective no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 3 min ago | 1.21 bp | 9.2 bp −$9 | 13.9 bp −$139 | 33.5 bp −$3,354 | 146.7 bp −$73.4K |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 4.1573 | +0.394% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0032% | 1h | 4.1544 | +0.324% | $2.1M | $12.6M | 50x | as long as short |
| Injective NEAR/USDC PERPlong | −0.0002% | 1h | 4.1410 | long leg | $578 | $302K | 12x | |
| dYdX NEAR-USD | 0.0000% | 1h | 4.1566 | +0.377% | $108K | $58K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.1526 | +0.280% | $434K | $18.4M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.1634 | +0.540% | $206K | — | 150x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0049% | 1h | 4.1679 | +0.650% | $7.6M | $36.8M | 50x | as long as short |
| 01 Exchange NEARUSD | +0.0056% | 1h | 4.1544 | +0.324% | $12K | $7K | 10x | as long as short |
| Lighter RH NEAR | +0.0096% | 1h | 4.1695 | +0.688% | $1.4M | $6.9M | 10x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.1520 | +0.266% | $111K | $482K | 50x | as long as short |
Reya NEARRUSDPERP
Coinbase International NEAR-PERP-INTX
dYdX NEAR-USD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
Kraken Futures PF_NEARUSD
01 Exchange NEARUSD
Lighter RH NEAR
Popdex NEARUSDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_NEAR_USDC | +0.0099% | 8h | 4.1629 | +0.529% | $54K | $155K | 20x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.1552 | +0.344% | $30K | $647 | 10x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.1647 | +0.573% | $2.9M | $5.7M | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.1576 | +0.401% | $360K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.1650 | +0.580% | $238.1M | $1.07B | 75x | as long as short |
| Bybit NEARUSDTshort | +0.0100% | 8h | 4.1633 | +0.539% | $212.1M | $422.3M | 75x | |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.1630 | +0.531% | $57.1M | $275.0M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.1540 | +0.314% | $308K | $1.6M | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.1500 | +0.217% | $236K | $4K | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.1615 | +0.495% | $29.8M | $57.3M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.1590 | +0.435% | $81.8M | $141.4M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.1610 | +0.483% | $54.9M | $44.4M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.1647 | +0.572% | $69.2M | $125.4M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.1600 | +0.459% | — | $136.8M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.1460 | +0.121% | $7.7M | $18.4M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.1467 | +0.137% | $236K | $1.2M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.1454 | +0.107% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.1510 | +0.241% | $182K | $789K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.1579 | +0.408% | $197K | $3.1M | 10x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.1650 | +0.580% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.1650 | +0.580% | $5K | $46K | 10x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.1640 | +0.555% | $3.8M | $8.2M | 50x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.1622 | +0.513% | $3.8M | $14.7M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.1635 | +0.544% | $201K | $62K | 3x | as long as short |
| Lighter NEAR | +0.0136% | 1h | 4.1708 | +0.720% | $15.7M | $22.9M | 15x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.1510 | +0.241% | $12.3M | $33.3M | 75x | as long as short |
| Hyperliquid NEAR | +0.0269% | 1h | 4.1645 | +0.567% | $350.5M | $297.7M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0364% | 1h | 4.1544 | +0.324% | $408K | $1.2M | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0380% / S −0.0327% | 1h | 4.1629 | +0.529% | $280K | — | 100x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0418% | 1h | 4.1609 | +0.481% | $1.2M | $5.7M | 20x | as long as short |
| Phoenix NEAR | +0.0542% | 1h | 4.1571 | +0.389% | $1.7M | $2.7M | 10x | as long as short |
| Nado NEAR-PERP | +0.0559% | 1h | 4.1567 | +0.380% | $1.8M | $3.5M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0639% | 1h | 4.1667 | +0.621% | $1.8M | $2.1M | 25x | as long as short |
| Aftermath Perps NEARUSD | +0.0813% | 1h | 4.1525 | +0.278% | $5K | $11K | 10x | as long as short |
| HTX NEAR-USDT | +0.0989% | 8h | 4.1690 | +0.676% | $447K | $3.6M | 75x | as long as short |
Orderly PERP_NEAR_USDC
Paradex NEAR-USD-PERP
Aster NEARUSDT
Pacifica NEAR
Binance NEARUSDT
OKX NEAR-USDT-SWAP
Arcus NEAR-USD
Bulk NEAR-USD
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDT
Variational Omni NEAR
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
SunX NEAR-USDT
SoDEX NEAR-USD
Phemex NEARUSDT
Extended NEAR-USD
Aevo NEAR-PERP
Lighter NEAR
BloFin NEAR-USDT
Hyperliquid NEAR
RISEx NEAR/USDC
GMX NEAR/USD [ETH-USDC]
Backpack NEAR_USDC_PERP
Phoenix NEAR
Nado NEAR-PERP
Deribit NEAR_USDC-PERPETUAL
Aftermath Perps NEARUSD
HTX NEAR-USDT