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Funding arb · Price arb /

NEAR

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.009%
Price spread now: Bybit against Polymarket Perps−0.136%7-day average −0.049% · you buy dearer than you sell
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$320.320% of the position
Long on Polymarket PerpsShort on Bybit
What this pair did over the last
the charts below follow
Funding, last 7 days−0.033%−$3 on $10k
Price spread, last 7 days+0.121%+$12 · spread now −0.136%, 7d avg −0.049%
Together, before fees+0.088%+$9 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.087% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.049%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps NEAR-USD4.33730.0100pay 0.0013% / 1h18m 00s$267K$3.9M10x
ShortBybit NEARUSDT4.33140.0100get 0.0100% / 8h2h 18m$217.2M$419.7M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Polymarket Perps. 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

Funding earned
$0
Price spread: −0.136% → −0.049%
−$8.66
Slippage, 4 orders
−$12.99
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$40.65
Costs to cover
0.320%
Break-even
never at this rate
Slippage from Polymarket Perps: live order book, 6 min ago; Bybit: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Polymarket Perps live order book, 6 min ago0.12 bp9.9 bp −$1012.6 bp −$126doesn't fitdoesn't fit
Sell Bybit live order book, 1 min ago1.15 bp8.8 bp −$913.0 bp −$13030.1 bp −$3,013138.4 bp −$69.2K

NEAR on 45 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya NEARRUSDPERP−0.0171%1h4.3353−0.045%$2K—20xas long as short
dYdX NEAR-USD0.0000%1h4.3332−0.094%$107K$68K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.3347−0.060%$163K—150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−4.526%$578$301K12xas long as short
Popdex NEARUSDT+0.0096%1h4.3340−0.076%$114K$497K50xas long as short
Bybit NEARUSDTshort+0.0100%8h4.3314−0.136%$217.2M$419.7M75x
OKX NEAR-USDT-SWAP+0.0100%8h4.3330−0.099%$61.0M$287.5M50xas long as short
Bulk NEAR-USD+0.0100%1h4.3050−0.745%$245K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.3312−0.141%$32.8M$60.3M75xas long as short
KuCoin NEARUSDTM+0.0100%8h4.3380+0.016%$52.8M$45.9M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget NEARUSDT+0.0100%8h4.3331−0.097%$71.6M$127.0M75xas long as short
BingX NEAR-USDC+0.0100%8h4.3330−0.099%—$6.6M—as long as short
Variational Omni NEAR+0.0100%8h4.3197−0.405%$8.4M$18.2M—as long as short
edgeX NEARUSDC+0.0100%4h4.3265−0.249%$261K$956K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.3062−0.716%$1.4M$1.5M10xas long as short
Polymarket Perps NEAR-USDlong+0.0100%1h4.3373long leg$267K$3.9M10x
Orderly PERP_NEAR_USDC+0.0100%8h4.3390+0.039%$57K$243K20xas long as short
SunX NEAR-USDT+0.0100%8h4.3480+0.247%$2K$1.3M20xas long as short
HTX NEAR-USDT+0.0100%8h4.3510+0.316%$468K$4.0M75xas long as short
Phemex NEARUSDT+0.0100%8h4.3290−0.191%$3.6M$8.3M50xas long as short
Paradex NEAR-USD-PERP+0.0101%8h4.3337−0.083%$31K$60810xas long as short
Aevo NEAR-PERP+0.0104%1h4.3399+0.059%$202K$37K3xas long as short
MEXC NEAR_USDT+0.0105%8h4.3370−0.007%$78.5M$145.0M200xas long as short
Binance NEARUSDT+0.0109%8h4.3352−0.049%$264.0M$1.09B75xas long as short
BloFin NEAR-USDT+0.0225%8h4.3500+0.293%$13.3M$31.9M75xas long as short
Coinbase International NEAR-PERP-INTX+0.0256%1h4.3414+0.095%$2.3M$16.2M50xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0312% / S −0.0201%1h4.3346−0.062%$232K—100xas long as short
Kalshi KXNEARPERP+0.0316%8h4.3311−0.143%$990K$24.6M2.2xas long as short
Aster NEARUSDT+0.0336%8h4.3340−0.076%$2.8M$5.3M50xas long as short
ApeX Omni NEARUSDT+0.0346%1h4.3030−0.791%$165K$795K50xas long as short
Nado NEAR-PERP+0.0398%1h4.3338−0.080%$1.7M$3.2M10xas long as short
Extended NEAR-USD+0.0512%1h4.3377+0.010%$3.7M$19.5M25xas long as short
SoDEX NEAR-USD+0.0566%1h4.3354−0.044%$5K$52K10xas long as short
Hyperliquid NEAR+0.0660%1h4.3371−0.004%$355.3M$309.9M10xas long as short
Backpack NEAR_USDC_PERP+0.0683%1h4.3362−0.025%$1.3M$6.6M20xas long as short
Kraken Futures PF_NEARUSD+0.0730%1h4.3347−0.061%$7.3M$39.1M50xas long as short
01 Exchange NEARUSD+0.0736%1h4.3399+0.060%$13K$7K10xas long as short
Arcus NEAR-USD+0.0814%1h4.3380+0.016%$224K$1.6M10xas long as short
Pacifica NEAR+0.0847%1h4.3382+0.020%$397K$1.3M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0927%1h4.3398+0.058%$2.0M$11.5M25xas long as short
Lighter NEAR+0.0928%1h4.3424+0.118%$17.0M$25.1M15xas long as short
Phoenix NEAR+0.1033%1h4.3267−0.244%$1.8M$2.5M10xas long as short
Lighter RH NEAR+0.1112%1h4.3405+0.074%$1.5M$7.4M10xas long as short
RISEx NEAR/USDC+0.1220%1h4.3374+0.003%$691K$1.3M10xas long as short
Aftermath Perps NEARUSD+0.1335%1h4.3199−0.402%$5K$12K10xas long as short