Funding arb · Price arb / Crypto

NEAR

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LONGPerpl▾Gate −0.0491%Perpl −0.0447%OKX −0.0357%Kalshi −0.0312%Variational Omni −0.0132%Bybit −0.0130%Binance −0.0064%MEXC −0.0063%Phemex −0.0046%N1 −0.0032%Orderly −0.0028%Bullet −0.0002%dYdX 0.0000%Deribit 0.0000%Injective +0.0033%BloFin +0.0056%GRVT +0.0061%Aevo +0.0064%Paradex +0.0084%Lighter RH +0.0088%Lighter +0.0096%Popdex +0.0096%Hyperliquid +0.0100%Aster +0.0100%Pacifica +0.0100%KuCoin +0.0100%Bitget +0.0100%BingX +0.0100%Backpack +0.0100%edgeX +0.0100%ApeX Omni +0.0100%Polymarket Perps +0.0100%SunX +0.0100%SoDEX +0.0100%HTX +0.0100%Extended +0.0104%Avantis +0.0146%Kraken Futures +0.0172%GMX +0.0203%Aftermath Perps +0.0263%RISEx +0.0382%Nado +0.0415%gTrade (Gains Network) +0.0461%Phoenix +0.0566%

⇄⇅

SHORTArcus▾Arcus +0.0758%Phoenix +0.0566%gTrade (Gains Network) −0.0496%GMX −0.0493%Nado +0.0415%RISEx +0.0382%Aftermath Perps +0.0263%Kraken Futures +0.0172%Extended +0.0104%Hyperliquid +0.0100%Aster +0.0100%Pacifica +0.0100%KuCoin +0.0100%Bitget +0.0100%BingX +0.0100%Backpack +0.0100%edgeX +0.0100%ApeX Omni +0.0100%Polymarket Perps +0.0100%SunX +0.0100%SoDEX +0.0100%HTX +0.0100%Popdex +0.0096%Lighter +0.0096%Lighter RH +0.0088%Paradex +0.0084%Aevo +0.0064%GRVT +0.0061%Avantis −0.0060%BloFin +0.0056%Injective +0.0033%dYdX 0.0000%Deribit 0.0000%Bullet −0.0002%Orderly −0.0028%N1 −0.0032%Phemex −0.0046%MEXC −0.0063%Binance −0.0064%Bybit −0.0130%Variational Omni −0.0132%Kalshi −0.0312%OKX −0.0357%Gate −0.0491%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	PerplNEAR	4.9862	−0.0447	get 0.0040% / 43m	1m 29s	$8K	$280K	3x	Long Perpl
SHORT	ArcusNEAR-USD	4.9940	+0.0758	get 0.0095% / 1h	50m 29s	$668K	$5.0M	10x	Short Arcus5% off

Price gap+0.156%

Funding gap+0.1205% /8h

Both sides work: funding pays +$36 a day on $10k, and the gap is 0.055% above its 7d average: +$6 more if it goes back.

The current funding rate is far above what this pair has been paying: over the last 2 days it paid +0.188% in total, about +0.0341%/8h on average.

Price and funding

Entry / ExitPrice spreadPricesFundingLeg ratesP&L

1m5m15m1h

1h · history

24H3D7D14D30D90D

Entry / Exit?

Price spread?

Prices?

Funding?per 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.156%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D▾

share of time at each level

Funding on every exchange

/8h

24H3D7D14D30D90D

PerplArcus

NEAR on 45 exchanges

lowest funding first

Before you open

3 ok · 2 to watch

• i
  Note: Order book unknown—

  No order-book sample for Perpl: its slippage is not counted.
• i
  Note: Margin at max leverage$3,333 + $1,000

  Perpl 3x, Arcus 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• !
  Watch: Payment intervals differ43m / 1h

  Payments land at different times. Close right after the slower leg pays.

  Long Perpl · 43m+$13.60

  Short Arcus · 1h+$22.75

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: +$36.35Long Perpl: 34 payments, +$13.60; short Arcus: 24 payments, +$22.75.
• ✓
  OK: Entry gap works for you+0.156% vs +0.101%

  You short the dearer leg. If the gap goes back to average, the short gains.
• !
  Watch: Long leg is thinner$8K vs $668K OI

  Perpl sets your exit cost. Check its book before closing.
• ✓
  OK: Points on a legPerpl points

  Volume here counts toward the points program.
• ✓
  OK: No KYC on either legPerpl No · Arcus No

  Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned+0.0341%/8h × 21 periods+$71.59

Price spread+0.156% → +0.101% (7d avg)+$5.53

Slippage, 4 ordersno data for Perpl—

Fee Perpl bp × 2 orders−$6.90

Fee Arcus bp × 2 orders−$4.50

Net, fees only · 7 days · $10k+$65.72

Costs to cover0.114%Break-even0.6 days

Slippage: Perpl: no order-book sample; Arcus: live order book, 3 min ago

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGPerpl—————

SELL · SHORTArcus1.995.8 bp−$616.2 bp−$1621362.6 bp−$136.3Kdoesn’t fit

Closing costs about the same again.
Perpl: no data.

Alert

FundingSpread

Tell me when it goes above%/8hNot more often than everymin

Create alert

NEAR news

posts that mention NEAR, from every exchangeSearch all news →

10-01 22:40	Aevo	Other	September ended with near:native and zcash:native among the market’s strongest movers, but October has opened with both pulling back. NEAR is down around 9% today, while ZEC is down almost 7%, turning last week’s continuation trade into a choice between buying the pullback and shorting the reversal. Both remain Perp Majors on Aevo this week, so either trade can build qualifying volume toward the year-end USDC reward. @aevoxyz on X ↗
10-01 11:56	Pacifica	Listing	$NEAR Print is now live on Pacifica. Place Print $NEAR orders with up to 10x leverage! Start printing: @pacifica_fi on X ↗
09-30 18:57	OKX	Other	Another X Drops Club just dropped in Europe. Trade the featured tokens like SOL, ZEC, NEAR, ENA, SUI, ONDO, CT, HBAR, AVAX, and XLM for a share of 1.5M , with CT trades boosted 3×. Make this round count. @okx on X ↗
09-30 17:06	Perpl	Listing	new market NEAR ($NEAR) seen by our collector
09-30 16:28	Perpl	Listing	You can now trade $NEAR with up to 3x leverage @perpltrade on X ↗
09-30 02:45	MEXC	Other	Not NEAR anymore. It’s here. 👀 $NRR is officially trading on NYSE Arca. Continuation or sell the news? 🤔 @MEXC on X ↗