NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0049%/8h= −5.4% APRnext payment −$0.06 per $10,000 · paid last 24h −0.103%

Price spread now: Coinbase International against Injective+6.940%64s7-day average −0.970% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.236%−$24 on $10k

Price spread, last 3 days (all we have)−8.792%−$879 · spread now +6.940%, 7d avg −0.970%

Together, before fees−9.028%−$903 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 7.911% dearer against Injective than usual: you sell high and buy low (spread +6.940% now, against its 7-day average of −0.970%): +$791 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 18 months. At the pace of the last 7 days (−0.236% in total) that is about 8 months. The two prices were read 64 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	0.0033	pay 0.0004% / 1h	36m 09s	$578	$302K	12x
Short	Coinbase International NEAR-PERP-INTX	4.4284	−0.0016	pay 0.0002% / 1h	36m 09s	$2.2M	$14.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpFee Coinbase InternationalbpOrdersPrice spread, now +6.940%Rate

Funding earned: −$10.36
Price spread: +6.940% → −0.970%: $791.07
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $770.69
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Coinbase International: 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 Coinbase International live order book, 3 min ago	6.03 bp	14.4 bp −$14	22.0 bp −$220	doesn't fit	doesn't fit

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	4.4282	+6.936%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTXshort	−0.0016%	1h	4.4284	+6.940%	$2.2M	$14.4M	50x
dYdX NEAR-USD	0.0000%	1h	4.4130	+6.567%	$109K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4154	+6.626%	$628K	$19.4M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.4298	+6.974%	$201K	—	150x	as long as short
Injective NEAR/USDC PERPlong	+0.0033%	1h	4.1410	long leg	$578	$302K	12x
Popdex NEARUSDT	+0.0096%	1h	4.4160	+6.641%	$116K	$488K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4161	+6.644%	$417K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4370	+7.149%	$269.0M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4378	+7.167%	$223.8M	$418.0M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4370	+7.148%	$63.1M	$293.5M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3650	+5.409%	$249K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4259	+6.880%	$31.9M	$62.3M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4270	+6.907%	$76.3M	$141.7M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4330	+7.051%	$55.9M	$44.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4236	+6.824%	$72.8M	$126.5M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.4280	+6.931%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4296	+6.970%	$8.7M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4253	+6.864%	$265K	$986K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3800	+5.772%	$1.5M	$1.4M	10x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4164	+6.651%	$236K	$3.6M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4324	+7.037%	$60K	$195K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4370	+7.148%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4315	+7.015%	$5K	$50K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4340	+7.076%	$458K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4240	+6.834%	$3.9M	$8.1M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4134	+6.578%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4285	+6.942%	$3.8M	$18.6M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4335	+7.064%	$206K	$34K	3x	as long as short
ApeX Omni NEARUSDT	+0.0198%	1h	4.3790	+5.747%	$199K	$779K	50x	as long as short
Aster NEARUSDT	+0.0217%	8h	4.4350	+7.100%	$3.0M	$5.4M	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4110	+6.520%	$13.6M	$31.2M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0351% / S −0.0245%	1h	4.4301	+6.982%	$259K	—	100x	as long as short
Nado NEAR-PERP	+0.0397%	1h	4.4250	+6.858%	$1.9M	$3.1M	10x	as long as short
01 Exchange NEARUSD	+0.0408%	1h	4.4123	+6.552%	$13K	$7K	10x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.4130	+6.568%	$210K	$1.7M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0680%	1h	4.4350	+7.100%	$1.4M	$6.6M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0695%	1h	4.4342	+7.081%	$8.3M	$41.0M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0765%	1h	4.4370	+7.148%	$1.9M	$4.4M	25x	as long as short
Lighter RH NEAR	+0.0808%	1h	4.4364	+7.134%	$1.6M	$6.9M	10x	as long as short
Hyperliquid NEAR	+0.0812%	1h	4.4344	+7.085%	$373.2M	$304.0M	10x	as long as short
Phoenix NEAR	+0.0855%	1h	4.4223	+6.793%	$1.8M	$2.7M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.4126	+6.560%	$558K	$1.3M	10x	as long as short
Lighter NEAR	+0.1432%	1h	4.4326	+7.041%	$17.7M	$25.8M	15x	as long as short
Aftermath Perps NEARUSD	+0.1728%	1h	4.4021	+6.306%	$6K	$12K	10x	as long as short