Funding you earn now, next payment 09:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h +0.019%
Price spread now: Polymarket Perps against Injective+5.448%51s7-day average −0.485% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.035%−$4 on $10k
+Price spread, last 4 days (all we have)−7.453%−$745 · spread now +5.448%, 7d avg −0.485%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Polymarket Perps is 5.933% dearer against Injective than usual: you sell high and buy low: +$593 more if the spread goes back to its 7-day average of −0.485%. The two prices were read 51 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 | 53m 36s | $578 | $301K | 12x |
| Short | Polymarket Perps NEAR-USD | 4.3666 | 0.0100 | get 0.0013% / 1h | 53m 36s | $272K | $4.1M | 10x |
Injective NEAR/USDC PERP
Polymarket Perps NEAR-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- $14
- Price spread: +5.448% → −0.485%
- $593.33
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- $599.31
- Costs to cover
- 0.080%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Polymarket Perps: live order book, 10 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 Polymarket Perps live order book, 10 min ago | 2.07 bp | 6.3 bp −$6 | 9.2 bp −$92 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex NEARUSDT | −0.0628% | 8h | 4.3620 | +5.337% | $3.5M | $8.2M | 50x | as long as short |
| Kraken Futures PF_NEARUSD | −0.0433% | 1h | 4.3628 | +5.356% | $7.2M | $38.6M | 50x | as long as short |
| Reya NEARRUSDPERP | −0.0171% | 1h | 4.3638 | +5.381% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3616 | +5.328% | $107K | $68K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.3618 | +5.333% | $163K | — | 150x | as long as short |
| Injective NEAR/USDC PERPlong | +0.0033% | 1h | 4.1410 | long leg | $578 | $301K | 12x | |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3700 | +5.530% | $115K | $500K | 50x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.3637 | +5.378% | $2.7M | $4.8M | 50x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3625 | +5.349% | $220.1M | $429.3M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3620 | +5.337% | $61.6M | $296.3M | 50x | as long as short |
Phemex NEARUSDT
Kraken Futures PF_NEARUSD
Reya NEARRUSDPERP
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Popdex NEARUSDT
Aster NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAPShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus NEAR-USD | +0.0100% | 1h | 4.3650 | +5.409% | $229K | $1.5M | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3688 | +5.501% | $252K | $3K | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3621 | +5.339% | $36.1M | $61.6M | 75x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3650 | +5.409% | $52.9M | $45.9M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3632 | +5.366% | $72.1M | $127.6M | 75x | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.3578 | +5.235% | $8.9M | $18.5M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3672 | +5.463% | $253K | $892K | 20x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3710 | +5.554% | $167K | $815K | 50x | as long as short |
| Polymarket Perps NEAR-USDshort | +0.0100% | 1h | 4.3666 | +5.448% | $272K | $4.1M | 10x | |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.3646 | +5.400% | $58K | $235K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3720 | +5.578% | $2K | $1.3M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.3640 | +5.385% | $5K | $50K | 10x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.3628 | +5.357% | $32K | $585 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.3613 | +5.320% | $3.6M | $16.2M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0112% | 1h | 4.3644 | +5.394% | $203K | $40K | 3x | as long as short |
| MEXC NEAR_USDT | +0.0132% | 8h | 4.3640 | +5.385% | $90.1M | $152.8M | 200x | as long as short |
| Binance NEARUSDT | +0.0132% | 8h | 4.3649 | +5.408% | $263.4M | $1.09B | 75x | as long as short |
| BingX NEAR-USDC | +0.0144% | 8h | 4.3640 | +5.385% | — | $6.6M | — | as long as short |
| Kalshi KXNEARPERP | +0.0159% | 8h | 4.3703 | +5.537% | $911K | $25.1M | 2.2x | as long as short |
| Hyperliquid NEAR | +0.0226% | 1h | 4.3692 | +5.511% | $352.2M | $316.4M | 10x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0250% | 8h | 4.3771 | +5.702% | $1.4M | $1.6M | 10x | as long as short |
| BloFin NEAR-USDT | +0.0253% | 8h | 4.3670 | +5.458% | $13.4M | $32.2M | 75x | as long as short |
| 01 Exchange NEARUSD | +0.0312% | 1h | 4.3654 | +5.419% | $13K | $7K | 10x | as long as short |
| Nado NEAR-PERP | +0.0329% | 1h | 4.3645 | +5.398% | $1.7M | $3.2M | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0345% / S −0.0246% | 1h | 4.3651 | +5.412% | $255K | — | 100x | as long as short |
| Lighter RH NEAR | +0.0392% | 1h | 4.3681 | +5.484% | $1.5M | $6.4M | 10x | as long as short |
| HTX NEAR-USDT | +0.0436% | 8h | 4.3770 | +5.699% | $463K | $3.8M | 75x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0488% | 1h | 4.3634 | +5.371% | $2.3M | $17.0M | 50x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0570% | 1h | 4.3648 | +5.404% | $1.1M | $7.2M | 20x | as long as short |
| RISEx NEAR/USDC | +0.0656% | 1h | 4.3646 | +5.400% | $594K | $1.5M | 10x | as long as short |
| Lighter NEAR | +0.0680% | 1h | 4.3676 | +5.473% | $17.2M | $23.8M | 15x | as long as short |
| Pacifica NEAR | +0.0701% | 1h | 4.3636 | +5.376% | $411K | $1.4M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0759% | 1h | 4.3667 | +5.450% | $1.9M | $13.1M | 25x | as long as short |
| Phoenix NEAR | +0.0949% | 1h | 4.3754 | +5.660% | $1.8M | $2.4M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1098% | 1h | 4.3686 | +5.497% | $5K | $7K | 10x | as long as short |
Arcus NEAR-USD
Bulk NEAR-USD
Gate NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
Variational Omni NEAR
edgeX NEARUSDC
ApeX Omni NEARUSDT
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
SoDEX NEAR-USD
Paradex NEAR-USD-PERP
Extended NEAR-USD
Aevo NEAR-PERP
MEXC NEAR_USDT
Binance NEARUSDT
BingX NEAR-USDC
Kalshi KXNEARPERP
Hyperliquid NEAR
GRVT NEAR_USDT_Perp
BloFin NEAR-USDT
01 Exchange NEARUSD
Nado NEAR-PERP
GMX NEAR/USD [ETH-USDC]
Lighter RH NEAR
HTX NEAR-USDT
Coinbase International NEAR-PERP-INTX
Backpack NEAR_USDC_PERP
RISEx NEAR/USDC
Lighter NEAR
Pacifica NEAR
Deribit NEAR_USDC-PERPETUAL
Phoenix NEAR
Aftermath Perps NEARUSD