Funding you earn now, next payment 09:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.029%
Price spread now: dYdX against Polymarket Perps−0.283%7-day average −0.067% · you buy dearer than you sell
Net, funding: paid 7d − costs−$105as in the Funding arb table
Net, price: spread back to 7d avg − costs−$109as in the Price arb table
costs, in and out, $10k−$870.872% of the position
Funding, last 7 days−0.175%−$18 on $10k
+Price spread, last 4 days (all we have)−2.172%−$217 · spread now −0.283%, 7d avg −0.067%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.215% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of −0.067%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps NEAR-USD | 4.3810 | 0.0100 | pay 0.0013% / 1h | 37m 56s | $273K | $4.1M | 10x |
| Short | dYdX NEAR-USD | 4.3686 | 0 | get 0.0000% / 1h | 37m 56s | $107K | $67K | 10x |
Polymarket Perps NEAR-USD
dYdX NEAR-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- −$21
- Price spread: −0.283% → −0.067%
- −$21.55
- Slippage, 4 orders
- −$69.2
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$129.75
- Costs to cover
- 0.872%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 26 min ago; dYdX: live order book, 61 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, 26 min ago | 2.07 bp | 6.4 bp −$6 | 11.1 bp −$111 | doesn't fit | doesn't fit |
| Sell dYdX live order book, 61 min ago | 28.93 bp | 33.9 bp −$34 | 59.4 bp −$594 | 196.9 bp −$19.7K | 687.1 bp −$343.6K |
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 | −0.0432% | 1h | 4.3694 | −0.264% | $7.2M | $38.7M | 50x | as long as short |
| Reya NEARRUSDPERP | −0.0171% | 1h | 4.3725 | −0.195% | $2K | — | 20x | as long as short |
| dYdX NEAR-USDshort | 0.0000% | 1h | 4.3686 | −0.283% | $107K | $67K | 10x | |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.3746 | −0.146% | $164K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −5.478% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3710 | −0.228% | $119K | $504K | 50x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.3670 | −0.320% | $2.7M | $4.8M | 50x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3679 | −0.299% | $220.2M | $428.3M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3670 | −0.320% | $61.6M | $295.6M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.3720 | −0.205% | $221K | $1.5M | 10x | as long as short |
Kraken Futures PF_NEARUSD
Reya NEARRUSDPERP
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Aster NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Arcus NEAR-USDShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate NEAR_USDT | +0.0100% | 8h | 4.3658 | −0.347% | $36.4M | $62.1M | 75x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3750 | −0.137% | $52.6M | $45.6M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3668 | −0.324% | $72.0M | $128.0M | 75x | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.3698 | −0.256% | $9.0M | $18.2M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3733 | −0.175% | $254K | $892K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3832 | +0.050% | $1.5M | $1.6M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3750 | −0.137% | $165K | $826K | 50x | as long as short |
| Polymarket Perps NEAR-USDlong | +0.0100% | 1h | 4.3810 | long leg | $273K | $4.1M | 10x | |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.3726 | −0.192% | $56K | $239K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3830 | +0.046% | $2K | $1.3M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.3725 | −0.194% | $5K | $50K | 10x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3700 | −0.251% | $3.5M | $8.1M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3708 | −0.232% | $252K | $3K | 10x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.3685 | −0.286% | $32K | $585 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.3659 | −0.345% | $3.6M | $15.7M | 25x | as long as short |
| Binance NEARUSDT | +0.0108% | 8h | 4.3700 | −0.251% | $263.8M | $1.09B | 75x | as long as short |
| MEXC NEAR_USDT | +0.0112% | 8h | 4.3660 | −0.342% | $90.7M | $157.1M | 200x | as long as short |
| Aevo NEAR-PERP | +0.0112% | 1h | 4.3740 | −0.160% | $203K | $40K | 3x | as long as short |
| BingX NEAR-USDT | +0.0122% | 8h | 4.3670 | −0.320% | — | $83.4M | — | as long as short |
| Kalshi KXNEARPERP | +0.0147% | 8h | 4.3652 | −0.361% | $871K | $25.4M | 2.2x | as long as short |
| Hyperliquid NEAR | +0.0206% | 1h | 4.3719 | −0.208% | $353.3M | $316.2M | 10x | as long as short |
| BloFin NEAR-USDT | +0.0232% | 8h | 4.3660 | −0.342% | $12.5M | $32.3M | 75x | as long as short |
| Nado NEAR-PERP | +0.0272% | 1h | 4.3700 | −0.251% | $1.7M | $3.2M | 10x | as long as short |
| 01 Exchange NEARUSD | +0.0320% | 1h | 4.3740 | −0.160% | $13K | $7K | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0351% / S −0.0255% | 1h | 4.3748 | −0.140% | $257K | — | 100x | as long as short |
| HTX NEAR-USDT | +0.0369% | 8h | 4.3850 | +0.091% | $464K | $3.7M | 75x | as long as short |
| Lighter RH NEAR | +0.0456% | 1h | 4.3748 | −0.142% | $1.5M | $6.4M | 10x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0488% | 1h | 4.3733 | −0.176% | $2.3M | $17.2M | 50x | as long as short |
| Lighter NEAR | +0.0488% | 1h | 4.3720 | −0.205% | $17.3M | $23.9M | 15x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0526% | 1h | 4.3719 | −0.208% | $1.1M | $7.2M | 20x | as long as short |
| RISEx NEAR/USDC | +0.0656% | 1h | 4.3721 | −0.202% | $595K | $1.5M | 10x | as long as short |
| Pacifica NEAR | +0.0701% | 1h | 4.3681 | −0.294% | $412K | $1.4M | 10x | as long as short |
| Phoenix NEAR | +0.0740% | 1h | 4.3911 | +0.231% | $1.8M | $2.4M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0916% | 1h | 4.3776 | −0.078% | $1.9M | $13.1M | 25x | as long as short |
| Aftermath Perps NEARUSD | +0.1059% | 1h | 4.3821 | +0.024% | $5K | $7K | 10x | as long as short |
Gate NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
Variational Omni NEAR
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
SoDEX NEAR-USD
Phemex NEARUSDT
Bulk NEAR-USD
Paradex NEAR-USD-PERP
Extended NEAR-USD
Binance NEARUSDT
MEXC NEAR_USDT
Aevo NEAR-PERP
BingX NEAR-USDT
Kalshi KXNEARPERP
Hyperliquid NEAR
BloFin NEAR-USDT
Nado NEAR-PERP
01 Exchange NEARUSD
GMX NEAR/USD [ETH-USDC]
HTX NEAR-USDT
Lighter RH NEAR
Coinbase International NEAR-PERP-INTX
Lighter NEAR
Backpack NEAR_USDC_PERP
RISEx NEAR/USDC
Pacifica NEAR
Phoenix NEAR
Deribit NEAR_USDC-PERPETUAL
Aftermath Perps NEARUSD