NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0616%/8h= −67.5% APRnext payment −$0.77 per $10,000 · paid last 24h −0.080%

Price spread now: Polymarket Perps against Nado+0.082%7-day average −0.013% · 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−$19as in the Price arb table

costs, in and out, $10k−$280.283% of the position

Long on Nado Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.083%−$8 on $10k

Price spread, last 7 days−0.098%−$10 · spread now +0.082%, 7d avg −0.013%

Together, before fees−0.181%+ Points / potential airdropNado: Active · farm board−$18 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.095% dearer against Nado than usual: you sell high and buy low (spread +0.082% now, against its 7-day average of −0.013%): +$10 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 12 hours. At the pace of the last 3 days (−0.083% in total) that is about 3.8 days.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.083% in total (about -9.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.77 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	4.3616	0.0716	pay 0.0090% / 1h	59m 01s	$1.9M	$3.1M	10x
Short	Polymarket Perps NEAR-USD	4.3652	0.0100	get 0.0013% / 1h	59m 01s	$204K	$3.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.082%Rate

Funding earned: −$129.39
Price spread: +0.082% → −0.013%: $9.52
Slippage, 4 orders: −$13.29
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$148.15
Costs to cover: 0.283%
Break-even: never at this rate

Slippage from Nado: live order book, 5 min ago; Polymarket Perps: live order book, 5 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, 5 min ago	0.57 bp	7.0 bp −$7	15.6 bp −$156	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 5 min ago	1.49 bp	8.3 bp −$8	12.6 bp −$126	doesn't fit	doesn't fit

NEAR on 44 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	4.3599	−0.040%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.3453	−0.374%	$2.2M	$14.1M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3708	+0.210%	$108K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3634	+0.041%	$555K	$19.4M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3614	−0.004%	$197K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.058%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3640	+0.054%	$114K	$489K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3701	+0.195%	$413K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3660	+0.100%	$264.8M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3645	+0.066%	$219.8M	$416.8M	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3630	+0.032%	$62.0M	$288.8M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3670	+0.123%	$208K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3555	−0.140%	$248K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3590	−0.060%	$31.4M	$61.4M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3670	+0.123%	$75.7M	$139.3M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3660	+0.100%	$53.9M	$43.8M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3685	+0.158%	$71.7M	$126.0M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3630	+0.032%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3517	−0.227%	$8.4M	$18.3M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3545	−0.164%	$269K	$1.0M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3541	−0.174%	$1.4M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3520	−0.221%	$194K	$778K	50x	as long as short
Polymarket Perps NEAR-USDshort	+0.0100%	1h	4.3652	+0.082%	$204K	$3.6M	10x
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3627	+0.025%	$60K	$190K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3680	+0.146%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3605	−0.026%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3700	+0.192%	$456K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3570	−0.106%	$3.8M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3612	−0.010%	$31K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3669	+0.121%	$3.8M	$18.6M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3620	+0.009%	$203K	$34K	3x	as long as short
Aster NEARUSDT	+0.0177%	8h	4.3655	+0.089%	$3.0M	$5.5M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0348% / S −0.0243%	1h	4.3608	−0.018%	$255K	—	100x	as long as short
01 Exchange NEARUSD	+0.0408%	1h	4.3662	+0.105%	$13K	$7K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0415%	1h	4.3638	+0.050%	$1.9M	$4.3M	25x	as long as short
Phoenix NEAR	+0.0592%	1h	4.3584	−0.074%	$1.8M	$2.5M	10x	as long as short
Hyperliquid NEAR	+0.0621%	1h	4.3655	+0.089%	$367.5M	$306.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0677%	1h	4.3625	+0.020%	$1.5M	$6.3M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0706%	1h	4.3624	+0.018%	$8.2M	$41.1M	50x	as long as short
Nado NEAR-PERPlong	+0.0716%	1h	4.3616	long leg	$1.9M	$3.1M	10x
Lighter RH NEAR	+0.0840%	1h	4.3625	+0.020%	$1.6M	$6.9M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.3671	+0.127%	$551K	$1.3M	10x	as long as short
Lighter NEAR	+0.1376%	1h	4.3643	+0.061%	$17.4M	$25.5M	15x	as long as short
Aftermath Perps NEARUSD	+0.1709%	1h	4.3682	+0.150%	$5K	$12K	10x	as long as short