NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0958%/8h= +104.9% APRnext payment +$1.20 per $10,000 · paid last 24h +0.098%

Price spread now: Deribit against Injective+7.148%7-day average −0.569% · you sell dearer than you buy

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

Long on Injective Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.358%+$36 on $10k

Price spread, last 4 days (all we have)−9.244%−$924 · spread now +7.148%, 7d avg −0.569%

Together, before fees−8.886%−$889 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$29 a day on $10k at the current rate, and Deribit is 7.717% dearer against Injective than usual: you sell high and buy low: +$772 more if the spread goes back to its 7-day average of −0.569%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.358% in total (about 18.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.20 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

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	32m 37s	$578	$301K	12x
Short	Deribit NEAR_USDC-PERPETUAL	4.4370	0.0991	get 0.0124% / 1h	32m 37s	$1.9M	$13.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Injective. 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 InjectivebpFee DeribitbpOrdersPrice spread, now +7.148%Rate

Funding earned: $201.11
Price spread: +7.148% → −0.569%: $771.73
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $965.82
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Deribit: live order book, 1 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 Deribit live order book, 1 min ago	2.82 bp	6.3 bp −$6	13.2 bp −$132	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	4.4268	+6.902%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4338	+7.070%	$109K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4367	+7.142%	$166K	—	150x	as long as short
Injective NEAR/USDC PERPlong	+0.0033%	1h	4.1410	long leg	$578	$301K	12x
Popdex NEARUSDT	+0.0096%	1h	4.4290	+6.955%	$112K	$491K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4248	+6.853%	$224.4M	$435.4M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4230	+6.810%	$62.6M	$297.7M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4350	+7.100%	$253K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4299	+6.977%	$35.5M	$61.4M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4340	+7.076%	$53.5M	$46.4M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NEARUSDT	+0.0100%	8h	4.4281	+6.933%	$73.2M	$127.1M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4297	+6.972%	$8.9M	$18.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4392	+7.202%	$259K	$964K	20x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4380	+7.172%	$167K	$805K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4296	+6.969%	$300K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4350	+7.100%	$59K	$236K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4430	+7.293%	$2K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4320	+7.027%	$465K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4380	+7.172%	$3.6M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0105%	8h	4.4289	+6.952%	$32K	$585	10x	as long as short
GRVT NEAR_USDT_Perp	+0.0114%	8h	4.4327	+7.044%	$1.5M	$1.5M	10x	as long as short
Aevo NEAR-PERP	+0.0128%	1h	4.4365	+7.136%	$206K	$38K	3x	as long as short
BingX NEAR-USDT	+0.0190%	8h	4.4310	+7.003%	—	$143.8M	—	as long as short
SoDEX NEAR-USD	+0.0191%	1h	4.4365	+7.136%	$5K	$53K	10x	as long as short
MEXC NEAR_USDT	+0.0193%	8h	4.4340	+7.076%	$81.5M	$147.6M	200x	as long as short
Binance NEARUSDT	+0.0197%	8h	4.4330	+7.051%	$270.6M	$1.09B	75x	as long as short
Extended NEAR-USD	+0.0224%	1h	4.4274	+6.917%	$3.7M	$18.5M	25x	as long as short
Kalshi KXNEARPERP	+0.0273%	8h	4.4294	+6.965%	$1.1M	$25.2M	2.2x	as long as short
BloFin NEAR-USDT	+0.0314%	8h	4.4410	+7.245%	$13.7M	$32.8M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0314% / S −0.0197%	1h	4.4263	+6.890%	$234K	—	100x	as long as short
Aster NEARUSDT	+0.0318%	8h	4.4300	+6.979%	$2.8M	$5.0M	50x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0424%	1h	4.4400	+7.220%	$2.3M	$16.7M	50x	as long as short
01 Exchange NEARUSD	+0.0456%	1h	4.4362	+7.129%	$13K	$7K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0469%	1h	4.4422	+7.274%	$1.4M	$6.8M	20x	as long as short
Hyperliquid NEAR	+0.0494%	1h	4.4404	+7.230%	$363.2M	$312.6M	10x	as long as short
Nado NEAR-PERP	+0.0602%	1h	4.4245	+6.846%	$1.7M	$3.2M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0658%	1h	4.4358	+7.119%	$7.3M	$38.4M	50x	as long as short
Arcus NEAR-USD	+0.0880%	1h	4.4350	+7.100%	$225K	$1.6M	10x	as long as short
Lighter NEAR	+0.0880%	1h	4.4413	+7.252%	$17.4M	$25.1M	15x	as long as short
Lighter RH NEAR	+0.0920%	1h	4.4373	+7.155%	$1.5M	$6.7M	10x	as long as short
Deribit NEAR_USDC-PERPETUALshort	+0.0991%	1h	4.4370	+7.148%	$1.9M	$13.1M	25x
Phoenix NEAR	+0.1003%	1h	4.4771	+8.116%	$1.8M	$2.5M	10x	as long as short
Pacifica NEAR	+0.1187%	1h	4.4359	+7.121%	$409K	$1.4M	10x	as long as short
RISEx NEAR/USDC	+0.1259%	1h	4.4292	+6.960%	$667K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1275%	1h	4.4420	+7.268%	$6K	$12K	10x	as long as short