Funding you earn now, next payment 10:00 UTC−0.0576%/8h= −63.1% APRpaid last 24h −0.091%
Price spread now: Orderly against Nado−0.324%7-day average +0.023% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.113%−$11 on $10k
+Price spread, last 4 days (all we have)+1.520%+$152 · spread now −0.324%, 7d avg +0.023%
=Together, before fees+1.408%+ Points / potential airdropNado: Active · farm board+$141 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Orderly is 0.347% cheaper against Nado than usual: you would sell low and buy high (−$35 if the spread goes back to its 7-day average of +0.023%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.113% in total (about -11.5% a year). A funding rate is set anew for every payment. 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 | 4.5425 | 0.0676 | pay 0.0085% / 1h | 58m 59s | $1.7M | $3.2M | 10x |
| Short | Orderly PERP_NEAR_USDC | 4.5278 | 0.0100 | get 0.0100% / 8h | 6h 58m | $59K | $269K | 20x |
Nado NEAR-PERP
Orderly PERP_NEAR_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Nado. 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
- −$120.99
- Price spread: −0.324% → +0.023%
- −$34.71
- Slippage, 4 orders
- no order book: not counted
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$168.7
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Nado: live order book, 5 min ago; Orderly: no order-book sample. 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 Nado live order book, 5 min ago | 1.21 bp | 7.1 bp −$7 | 20.5 bp −$205 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | 4.5367 | −0.129% | $2K | — | 20x | as long as short |
| Kraken Futures PF_NEARUSD | −0.0140% | 1h | 4.5261 | −0.360% | $7.4M | $38.6M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.5396 | −0.063% | $111K | $53K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.5437 | +0.026% | $170K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −8.839% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.5450 | +0.055% | $120K | $522K | 50x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.5337 | −0.193% | $2.7M | $4.7M | 50x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.5339 | −0.190% | $275.4M | $1.09B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.5330 | −0.209% | $236.0M | $434.3M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.5300 | −0.275% | $64.4M | $309.7M | 50x | as long as short |
Reya NEARRUSDPERP
Kraken Futures PF_NEARUSD
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Aster NEARUSDT
Binance 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 | 4.5450 | +0.055% | $237K | $1.4M | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.5050 | −0.826% | $260K | $3K | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.5290 | −0.297% | $38.9M | $61.1M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.5300 | −0.275% | $83.7M | $162.2M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.5320 | −0.231% | $53.9M | $45.7M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.5273 | −0.335% | $74.8M | $128.3M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.5310 | −0.253% | — | $83.3M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.5317 | −0.239% | $9.4M | $17.8M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.5428 | +0.006% | $268K | $901K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.5362 | −0.138% | $1.5M | $1.6M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.5390 | −0.077% | $169K | $826K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.5430 | +0.011% | $283K | $4.0M | 10x | as long as short |
| Orderly PERP_NEAR_USDCshort | +0.0100% | 8h | 4.5278 | −0.324% | $59K | $269K | 20x | |
| SunX NEAR-USDT | +0.0100% | 8h | 4.5360 | −0.143% | $2K | $1.3M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.5275 | −0.330% | $5K | $49K | 10x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.5250 | −0.385% | $3.5M | $8.0M | 50x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.5288 | −0.303% | $3.8M | $15.0M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.5290 | −0.297% | $211K | $38K | 3x | as long as short |
| Paradex NEAR-USD-PERP | +0.0109% | 8h | 4.5475 | +0.110% | $33K | $413 | 10x | as long as short |
| Kalshi KXNEARPERP | +0.0126% | 8h | 4.5213 | −0.467% | $892K | $25.4M | 2.2x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.5280 | −0.319% | $12.7M | $33.4M | 75x | as long as short |
| Hyperliquid NEAR | +0.0234% | 1h | 4.5348 | −0.170% | $368.7M | $321.2M | 10x | as long as short |
| HTX NEAR-USDT | +0.0251% | 8h | 4.5290 | −0.297% | $479K | $3.8M | 75x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0347% / S −0.0242% | 1h | 4.5333 | −0.203% | $265K | — | 100x | as long as short |
| 01 Exchange NEARUSD | +0.0440% | 1h | 4.5465 | +0.088% | $13K | $5K | 10x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0520% | 1h | 4.5344 | −0.178% | $2.4M | $17.8M | 50x | as long as short |
| Lighter RH NEAR | +0.0552% | 1h | 4.5329 | −0.211% | $1.6M | $5.9M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0569% | 1h | 4.5326 | −0.218% | $646K | $1.6M | 10x | as long as short |
| Lighter NEAR | +0.0592% | 1h | 4.5294 | −0.288% | $17.8M | $23.3M | 15x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0669% | 1h | 4.5315 | −0.242% | $1.1M | $7.2M | 20x | as long as short |
| Nado NEAR-PERPlong | +0.0676% | 1h | 4.5425 | long leg | $1.7M | $3.2M | 10x | |
| Pacifica NEAR | +0.0701% | 1h | 4.5494 | +0.152% | $429K | $1.4M | 10x | as long as short |
| Phoenix NEAR | +0.0740% | 1h | 4.5602 | +0.390% | $1.7M | $2.2M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0833% | 1h | 4.5300 | −0.275% | $2.0M | $13.1M | 25x | as long as short |
| Aftermath Perps NEARUSD | +0.1248% | 1h | 4.5370 | −0.122% | $6K | $7K | 10x | as long as short |
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
Paradex NEAR-USD-PERP
Kalshi KXNEARPERP
BloFin NEAR-USDT
Hyperliquid NEAR
HTX NEAR-USDT
GMX NEAR/USD [ETH-USDC]
01 Exchange NEARUSD
Coinbase International NEAR-PERP-INTX
Lighter RH NEAR
RISEx NEAR/USDC
Lighter NEAR
Backpack NEAR_USDC_PERP
Pacifica NEAR
Phoenix NEAR
Deribit NEAR_USDC-PERPETUAL
Aftermath Perps NEARUSD