Funding you earn now, next payment 11:00 UTC+0.0444%/8h= +48.6% APRpaid last 24h +0.005%
Price spread now: Coinbase International against OKX−0.198%7-day average +0.032% · you buy dearer than you sell
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$66as in the Price arb table
costs, in and out, $10k−$430.434% of the position
Funding, last 7 days−0.181%−$18 on $10k
+Price spread, last 4 days (all we have)+0.338%+$34 · spread now −0.198%, 7d avg +0.032%
=Funding pays, the price is against you. Coinbase International is 0.230% cheaper against OKX than usual: you would sell low and buy high (spread −0.198% now, against its 7-day average of +0.032%). If the spread goes back, that is −$23 on $10k: about 41 hours of funding at the current rate (+$13 a day). Mind the row above: over the last 7 days funding on this pair cost −0.181%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.181% in total (about -9.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX NEAR-USDT-SWAP | 4.5360 | 0.0100 | pay 0.0100% / 8h | 4h 08m | $64.5M | $312.6M | 50x |
| Short | Coinbase International NEAR-PERP-INTX | 4.5270 | 0.0544 | get 0.0068% / 1h | 8m 31s | $2.3M | $18.0M | 50x |
OKX NEAR-USDT-SWAP
Coinbase International NEAR-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against OKX. 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
- $93.24
- Price spread: −0.198% → +0.032%
- −$23
- Slippage, 4 orders
- −$23.41
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $26.83
- Costs to cover
- 0.434%
- Break-even
- 5.0 days
Slippage from OKX: live order book, 4 min ago; Coinbase International: live order book, 4 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 OKX live order book, 4 min ago | 1.11 bp | 9.1 bp −$9 | 13.9 bp −$139 | 39.6 bp −$3,960 | doesn't fit |
| Sell Coinbase International live order book, 4 min ago | 6.11 bp | 11.3 bp −$11 | 16.6 bp −$166 | 653.1 bp −$65.3K | doesn't fit |
NEAR on 45 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_NEARUSD | −0.0377% | 1h | 4.5200 | −0.353% | $7.5M | $37.0M | 50x | as long as short |
| Reya NEARRUSDPERP | −0.0171% | 1h | 4.5353 | −0.015% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.5307 | −0.116% | $111K | $53K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.5128 | −0.511% | $876K | $27.6M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0007% | 1h | 4.5384 | +0.053% | $169K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −8.708% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.5360 | 0.000% | $123K | $530K | 50x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.5360 | 0.000% | $2.6M | $5.3M | 50x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.5369 | +0.021% | $271.0M | $1.10B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.5380 | +0.044% | $233.7M | $430.0M | 75x | as long as short |
Kraken Futures PF_NEARUSD
Reya NEARRUSDPERP
dYdX NEAR-USD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Aster NEARUSDT
Binance NEARUSDT
Bybit NEARUSDTShow all 45 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX NEAR-USDT-SWAPlong | +0.0100% | 8h | 4.5360 | long leg | $64.5M | $312.6M | 50x | |
| Bulk NEAR-USD | +0.0100% | 1h | 4.5150 | −0.463% | $278K | $25K | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.5343 | −0.037% | $42.4M | $65.4M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.5400 | +0.088% | $79.0M | $178.2M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.5400 | +0.088% | $56.3M | $45.0M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.5354 | −0.013% | $75.7M | $129.4M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.5350 | −0.022% | — | $77.8M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.4953 | −0.898% | $8.7M | $15.7M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.5032 | −0.722% | $249K | $859K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.5029 | −0.729% | $1.5M | $1.9M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.5000 | −0.794% | $169K | $820K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.5373 | +0.029% | $195K | $4.2M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.5174 | −0.410% | $56K | $255K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.5200 | −0.353% | $2K | $1.3M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.5210 | −0.331% | $6K | $36K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.5250 | −0.243% | $471K | $3.7M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.5250 | −0.243% | $3.2M | $8.5M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.5355 | −0.012% | $33K | $389 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.5329 | −0.069% | $3.7M | $15.5M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.5180 | −0.397% | $210K | $34K | 3x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0185% / S +0.0013% | 1h | 4.5162 | −0.438% | $218K | — | 100x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.5280 | −0.176% | $13.0M | $32.2M | 75x | as long as short |
| Hyperliquid NEAR | +0.0237% | 1h | 4.5407 | +0.104% | $364.4M | $312.1M | 10x | as long as short |
| Arcus NEAR-USD | +0.0253% | 1h | 4.5370 | +0.022% | $229K | $1.4M | 10x | as long as short |
| Lighter RH NEAR | +0.0280% | 1h | 4.5397 | +0.082% | $1.6M | $6.0M | 10x | as long as short |
| 01 Exchange NEARUSD | +0.0288% | 1h | 4.5375 | +0.033% | $13K | $4K | 10x | as long as short |
| Nado NEAR-PERP | +0.0393% | 1h | 4.5135 | −0.496% | $1.8M | $3.2M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0478% | 1h | 4.5368 | +0.018% | $569K | $1.8M | 10x | as long as short |
| Coinbase International NEAR-PERP-INTXshort | +0.0544% | 1h | 4.5270 | −0.198% | $2.3M | $18.0M | 50x | |
| Pacifica NEAR | +0.0687% | 1h | 4.5348 | −0.025% | $428K | $1.1M | 10x | as long as short |
| Phoenix NEAR | +0.0733% | 1h | 4.5096 | −0.582% | $1.7M | $2.6M | 10x | as long as short |
| Lighter NEAR | +0.0744% | 1h | 4.5415 | +0.120% | $17.9M | $26.9M | 15x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0787% | 1h | 4.5281 | −0.174% | $1.1M | $7.2M | 20x | as long as short |
| Aftermath Perps NEARUSD | +0.1004% | 1h | 4.5180 | −0.398% | $6K | $6K | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.1055% | 1h | 4.5267 | −0.205% | $2.0M | $13.0M | 25x | as long as short |
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
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
SoDEX NEAR-USD
HTX NEAR-USDT
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Extended NEAR-USD
Aevo NEAR-PERP
GMX NEAR/USD [ETH-USDC]
BloFin NEAR-USDT
Hyperliquid NEAR
Arcus NEAR-USD
Lighter RH NEAR
01 Exchange NEARUSD
Nado NEAR-PERP
RISEx NEAR/USDC
Pacifica NEAR
Phoenix NEAR
Lighter NEAR
Backpack NEAR_USDC_PERP
Aftermath Perps NEARUSD
Deribit NEAR_USDC-PERPETUAL