NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0287%/8h= −31.4% APRnext payment −$0.36 per $10,000 · paid last 24h −0.084%

Price spread now: Bulk against Nado+0.556%7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs+$10as in the Price arb table

costs, in and out, $10k−$460.459% of the position

Long on Nado Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.085%−$9 on $10k

Price spread, last 4 days (all we have)−2.856%−$286 · spread now +0.556%, 7d avg −0.005%

Together, before fees−2.941%+ Points / potential airdropNado: Active · farm board−$294 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bulk is 0.561% dearer against Nado than usual: you sell high and buy low (spread +0.556% now, against its 7-day average of −0.005%): +$56 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 6.5 days. At the pace of the last 3 days (−0.085% in total) that is about 22 days.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.085% in total (about -9.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.36 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	Nado NEAR-PERP	4.4175	0.0387	pay 0.0048% / 1h	31m 21s	$1.9M	$3.1M	10x
Short	Bulk NEAR-USD	4.4421	0.0100	get 0.0013% / 1h	31m 21s	$253K	−$0	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against Nado. 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 NadobpFee BulkbpOrdersPrice spread, now +0.556%Rate

Funding earned: −$60.3
Price spread: +0.556% → −0.005%: $56.07
Slippage, 4 orders: −$31.86
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$50.09
Costs to cover: 0.459%
Break-even: from the start

Slippage from Nado: live order book, 3 min ago; Bulk: live order book, 33 min ago.

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 Nado live order book, 3 min ago	2.59 bp	7.2 bp −$7	16.3 bp −$163	doesn't fit	doesn't fit
Sell Bulk live order book, 33 min ago	11.45 bp	15.0 bp −$15	15.0 bp −$150	35.6 bp −$3,556	59.8 bp −$29.9K

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
Deribit NEAR_USDC-PERPETUAL	−0.0949%	1h	4.4167	−0.018%	$1.9M	$4.4M	25x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.4169	−0.013%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.4166	−0.020%	$2.2M	$14.6M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4260	+0.193%	$109K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4284	+0.247%	$644K	$19.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.4212	+0.084%	$199K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.259%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4150	−0.057%	$116K	$489K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4237	+0.140%	$418K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4216	+0.092%	$268.4M	$1.08B	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit NEARUSDT	+0.0100%	8h	4.4130	−0.102%	$221.9M	$419.1M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4140	−0.079%	$63.2M	$292.7M	50x	as long as short
Bulk NEAR-USDshort	+0.0100%	1h	4.4421	+0.556%	$253K	−$0	10x
Gate NEAR_USDT	+0.0100%	8h	4.4187	+0.027%	$31.9M	$62.7M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4170	−0.011%	$75.9M	$142.8M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4170	−0.011%	$55.5M	$44.3M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4169	−0.014%	$72.8M	$127.1M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.4200	+0.057%	—	$145.2M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4296	+0.275%	$8.7M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4477	+0.685%	$267K	$989K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4540	+0.827%	$1.5M	$1.4M	10x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4192	+0.038%	$211K	$3.7M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4178	+0.007%	$60K	$195K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4160	−0.034%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4105	−0.158%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4200	+0.057%	$459K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4100	−0.170%	$3.9M	$8.1M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4162	−0.030%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4161	−0.032%	$3.8M	$18.6M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4200	+0.057%	$206K	$34K	3x	as long as short
ApeX Omni NEARUSDT	+0.0186%	1h	4.4450	+0.623%	$172K	$793K	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4530	+0.804%	$13.8M	$31.5M	75x	as long as short
Aster NEARUSDT	+0.0238%	8h	4.4220	+0.102%	$3.0M	$5.4M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0351% / S −0.0245%	1h	4.4218	+0.097%	$260K	—	100x	as long as short
Nado NEAR-PERPlong	+0.0387%	1h	4.4175	long leg	$1.9M	$3.1M	10x
01 Exchange NEARUSD	+0.0408%	1h	4.4146	−0.066%	$13K	$7K	10x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.4200	+0.057%	$210K	$1.7M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0639%	1h	4.4107	−0.154%	$1.4M	$6.6M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0699%	1h	4.4104	−0.160%	$8.2M	$41.0M	50x	as long as short
Hyperliquid NEAR	+0.0781%	1h	4.4239	+0.145%	$369.2M	$307.9M	10x	as long as short
Lighter RH NEAR	+0.0808%	1h	4.4337	+0.367%	$1.6M	$6.9M	10x	as long as short
Phoenix NEAR	+0.0855%	1h	4.4463	+0.652%	$1.8M	$2.7M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.4180	+0.011%	$557K	$1.3M	10x	as long as short
Lighter NEAR	+0.1344%	1h	4.4330	+0.351%	$17.7M	$25.9M	15x	as long as short
Aftermath Perps NEARUSD	+0.1706%	1h	4.4245	+0.159%	$6K	$12K	10x	as long as short