Funding you earn now, next payment 01:00 UTC+0.0418%/8h= +45.8% APRnext payment +$0.52 per $10,000 · paid last 24h +0.040%
Price spread now: Deribit against Polymarket Perps+0.107%7-day average +0.056% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,035as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,063as in the Price arb table
costs, in and out, $10k−$1,06810.682% of the position
Funding, last 7 days+0.331%+$33 on $10k
+Price spread, last 3 days (all we have)+0.169%+$17 · spread now +0.107%, 7d avg +0.056%
=Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Deribit is 0.051% dearer against Polymarket Perps than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.056%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps NEAR-USD | 4.2951 | 0.0100 | pay 0.0013% / 1h | 55m 53s | $194K | $3.5M | 10x |
| Short | Deribit NEAR_USDC-PERPETUAL | 4.2997 | 0.0518 | get 0.0065% / 1h | 55m 53s | $1.9M | $2.9M | 25x |
Polymarket Perps NEAR-USD
Deribit NEAR_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $87.78
- Price spread: +0.107% → +0.056%
- $5.08
- Slippage, 4 orders
- −$1,053.2
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$975.35
- Costs to cover
- 10.682%
- Break-even
- 84.8 days
Slippage from Polymarket Perps: live order book, 3 min ago; Deribit: live order book, 3 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 Polymarket Perps live order book, 3 min ago | 2.11 bp | 6.8 bp −$7 | 10.5 bp −$105 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 3 min ago | 8.08 bp | 309.7 bp −$310 | doesn't fit | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex NEARUSDT | −0.1868% | 8h | 4.2960 | +0.021% | $3.8M | $8.5M | 50x | as long as short |
| Reya NEARRUSDPERP | −0.0171% | 1h | 4.2903 | −0.112% | $2K | — | 20x | as long as short |
| Bybit NEARUSDT | −0.0157% | 8h | 4.2771 | −0.419% | $217.7M | $420.4M | 75x | as long as short |
| Kraken Futures PF_NEARUSD | −0.0131% | 1h | 4.2978 | +0.062% | $7.6M | $37.3M | 50x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0096% | 1h | 4.2934 | −0.040% | $2.3M | $13.1M | 50x | as long as short |
| 01 Exchange NEARUSD | −0.0016% | 1h | 4.2957 | +0.014% | $13K | $7K | 10x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.2909 | −0.099% | $111K | $62K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.2916 | −0.081% | $387K | $18.8M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.2915 | −0.085% | $203K | — | 150x | as long as short |
| Variational Omni NEAR | +0.0019% | 8h | 4.2869 | −0.190% | $7.9M | $18.5M | — | as long as short |
Phemex NEARUSDT
Reya NEARRUSDPERP
Bybit NEARUSDT
Kraken Futures PF_NEARUSD
Coinbase International NEAR-PERP-INTX
01 Exchange NEARUSD
dYdX NEAR-USD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
Variational Omni NEARShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −3.588% | $578 | $302K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.2940 | −0.026% | $111K | $492K | 50x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0099% | 8h | 4.2959 | +0.019% | $57K | $194K | 20x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.2923 | −0.066% | $31K | $647 | 10x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.2967 | +0.036% | $3.0M | $5.7M | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.2917 | −0.080% | $402K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.2830 | −0.283% | $254.0M | $1.07B | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.2780 | −0.398% | $60.9M | $283.6M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.2930 | −0.049% | $197K | $1.8M | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.2646 | −0.710% | $243K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.2843 | −0.251% | $30.9M | $58.4M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.2860 | −0.212% | $79.7M | $138.0M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.2940 | −0.026% | $56.0M | $43.3M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.2906 | −0.105% | $71.1M | $125.6M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.2810 | −0.328% | — | $140.8M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.2639 | −0.726% | $243K | $1.2M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.2676 | −0.640% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.2710 | −0.561% | $178K | $792K | 50x | as long as short |
| Polymarket Perps NEAR-USDlong | +0.0100% | 1h | 4.2951 | long leg | $194K | $3.5M | 10x | |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3020 | +0.161% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.2945 | −0.014% | $4K | $53K | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.2897 | −0.127% | $3.9M | $16.4M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.3094 | +0.333% | $201K | $28K | 3x | as long as short |
| HTX NEAR-USDT | +0.0197% | 8h | 4.3040 | +0.207% | $459K | $3.6M | 75x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.2850 | −0.235% | $13.1M | $29.3M | 75x | as long as short |
| Lighter RH NEAR | +0.0352% | 1h | 4.3005 | +0.126% | $1.6M | $6.8M | 10x | as long as short |
| Hyperliquid NEAR | +0.0376% | 1h | 4.2994 | +0.100% | $366.4M | $301.5M | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0377% / S −0.0315% | 1h | 4.2895 | −0.131% | $276K | — | 100x | as long as short |
| Nado NEAR-PERP | +0.0387% | 1h | 4.2935 | −0.037% | $1.9M | $3.4M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0428% | 1h | 4.2969 | +0.043% | $420K | $1.2M | 10x | as long as short |
| Phoenix NEAR | +0.0463% | 1h | 4.2848 | −0.240% | $1.8M | $2.7M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0499% | 1h | 4.2994 | +0.100% | $1.4M | $5.6M | 20x | as long as short |
| Deribit NEAR_USDC-PERPETUALshort | +0.0518% | 1h | 4.2997 | +0.107% | $1.9M | $2.9M | 25x | |
| Aftermath Perps NEARUSD | +0.1179% | 1h | 4.2824 | −0.295% | $5K | $12K | 10x | as long as short |
| Lighter NEAR | +0.1776% | 1h | 4.3071 | +0.280% | $17.0M | $23.4M | 15x | as long as short |
Injective NEAR/USDC PERP
Popdex NEARUSDT
Orderly PERP_NEAR_USDC
Paradex NEAR-USD-PERP
Aster NEARUSDT
Pacifica NEAR
Binance NEARUSDT
OKX NEAR-USDT-SWAP
Arcus NEAR-USD
Bulk NEAR-USD
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDT
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
SunX NEAR-USDT
SoDEX NEAR-USD
Extended NEAR-USD
Aevo NEAR-PERP
HTX NEAR-USDT
BloFin NEAR-USDT
Lighter RH NEAR
Hyperliquid NEAR
GMX NEAR/USD [ETH-USDC]
Nado NEAR-PERP
RISEx NEAR/USDC
Phoenix NEAR
Backpack NEAR_USDC_PERP
Aftermath Perps NEARUSD
Lighter NEAR