Funding you earn now, next payment 09:00 UTC+0.2167%/8h= +237.3% APRpaid last 24h +0.094%
Price spread now: Deribit against Orderly+0.173%7-day average +0.075% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.428%+$43 on $10k
+Price spread, last 4 days (all we have)−0.129%−$13 · spread now +0.173%, 7d avg +0.075%
=Both sides work for this trade now. Funding pays +$65 a day on $10k at the current rate, and Deribit is 0.098% dearer against Orderly than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.075%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.428% in total (about 22.3% 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 | Orderly PERP_NEAR_USDC | 4.5723 | 0.0100 | pay 0.0100% / 8h | 7h 03m | $59K | $242K | 20x |
| Short | Deribit NEAR_USDC-PERPETUAL | 4.5802 | 0.2267 | get 0.0283% / 1h | 3m 03s | $2.0M | $13.1M | 25x |
Orderly PERP_NEAR_USDC
Deribit NEAR_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Orderly. 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
- $455.07
- Price spread: +0.173% → +0.075%
- $9.79
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $451.86
- Costs to cover
- 0.130%
- Break-even
- 0.0 days
Slippage unknown: Orderly: no order-book sample; Deribit: live order book, 1 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Deribit live order book, 1 min ago | 4.72 bp | 8.4 bp −$8 | 48.7 bp −$487 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_NEARUSD | −0.0413% | 1h | 4.5727 | +0.010% | $7.5M | $38.7M | 50x | as long as short |
| Reya NEARRUSDPERP | −0.0171% | 1h | 4.5762 | +0.086% | $2K | — | 20x | as long as short |
| Phemex NEARUSDT | −0.0057% | 8h | 4.5660 | −0.138% | $3.6M | $7.7M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.5519 | −0.446% | $111K | $53K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.5649 | −0.162% | $171K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −9.433% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.5680 | −0.094% | $121K | $512K | 50x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.5700 | −0.050% | $2.7M | $4.7M | 50x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.5691 | −0.071% | $277.2M | $1.09B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.5701 | −0.048% | $238.7M | $434.3M | 75x | as long as short |
Kraken Futures PF_NEARUSD
Reya NEARRUSDPERP
Phemex NEARUSDT
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Aster NEARUSDT
Binance NEARUSDT
Bybit NEARUSDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.5680 | −0.094% | $65.1M | $311.9M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.5700 | −0.050% | $238K | $1.4M | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.5050 | −1.472% | $260K | $3K | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.5677 | −0.101% | $39.2M | $64.6M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.5710 | −0.028% | $86.0M | $167.0M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.5700 | −0.050% | $54.2M | $45.6M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.5628 | −0.208% | $75.6M | $127.6M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.5650 | −0.160% | — | $6.6M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.5318 | −0.887% | $9.4M | $17.8M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.5430 | −0.641% | $268K | $900K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.5537 | −0.407% | $1.5M | $1.6M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.5480 | −0.531% | $171K | $825K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.5837 | +0.249% | $285K | $4.0M | 10x | as long as short |
| Orderly PERP_NEAR_USDClong | +0.0100% | 8h | 4.5723 | long leg | $59K | $242K | 20x | |
| SunX NEAR-USDT | +0.0100% | 8h | 4.5800 | +0.168% | $1K | $1.3M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.5710 | −0.028% | $5K | $49K | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.5688 | −0.076% | $3.8M | $15.1M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.5731 | +0.017% | $213K | $38K | 3x | as long as short |
| Paradex NEAR-USD-PERP | +0.0106% | 8h | 4.5537 | −0.407% | $33K | $413 | 10x | as long as short |
| Kalshi KXNEARPERP | +0.0130% | 8h | 4.5719 | −0.009% | $916K | $25.5M | 2.2x | as long as short |
| Nado NEAR-PERP | +0.0211% | 1h | 4.5780 | +0.125% | $1.8M | $3.2M | 10x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.5690 | −0.072% | $12.9M | $33.6M | 75x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0349% / S −0.0244% | 1h | 4.5660 | −0.138% | $269K | — | 100x | as long as short |
| HTX NEAR-USDT | +0.0372% | 8h | 4.5810 | +0.190% | $482K | $3.8M | 75x | as long as short |
| 01 Exchange NEARUSD | +0.0384% | 1h | 4.5725 | +0.004% | $13K | $5K | 10x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0488% | 1h | 4.5759 | +0.079% | $2.4M | $18.0M | 50x | as long as short |
| Hyperliquid NEAR | +0.0497% | 1h | 4.5733 | +0.022% | $372.1M | $319.7M | 10x | as long as short |
| Lighter NEAR | +0.0560% | 1h | 4.5770 | +0.102% | $18.0M | $24.3M | 15x | as long as short |
| Lighter RH NEAR | +0.0592% | 1h | 4.5749 | +0.057% | $1.6M | $6.6M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0649% | 1h | 4.5744 | +0.046% | $1.1M | $7.2M | 20x | as long as short |
| RISEx NEAR/USDC | +0.0656% | 1h | 4.5686 | −0.081% | $649K | $1.6M | 10x | as long as short |
| Pacifica NEAR | +0.0701% | 1h | 4.5542 | −0.396% | $429K | $1.4M | 10x | as long as short |
| Phoenix NEAR | +0.0740% | 1h | 4.5702 | −0.046% | $1.7M | $2.4M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1241% | 1h | 4.5222 | −1.096% | $6K | $7K | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUALshort | +0.2267% | 1h | 4.5802 | +0.173% | $2.0M | $13.1M | 25x |
OKX NEAR-USDT-SWAP
Arcus NEAR-USD
Bulk NEAR-USD
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDC
Variational Omni NEAR
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
SunX NEAR-USDT
SoDEX NEAR-USD
Extended NEAR-USD
Aevo NEAR-PERP
Paradex NEAR-USD-PERP
Kalshi KXNEARPERP
Nado NEAR-PERP
BloFin NEAR-USDT
GMX NEAR/USD [ETH-USDC]
HTX NEAR-USDT
01 Exchange NEARUSD
Coinbase International NEAR-PERP-INTX
Hyperliquid NEAR
Lighter NEAR
Lighter RH NEAR
Backpack NEAR_USDC_PERP
RISEx NEAR/USDC
Pacifica NEAR
Phoenix NEAR
Aftermath Perps NEARUSD