NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: Popdex against Polymarket Perps+0.011%7-day average −0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$300.296% of the position

Long on Polymarket Perps Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.002%$0 on $10k

Price spread, last 4 days (all we have)−0.459%−$46 · spread now +0.011%, 7d avg −0.032%

Together, before fees−0.457%−$46 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: Popdex is 0.044% dearer against Polymarket Perps than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps NEAR-USD	4.3545	0.0100	pay 0.0013% / 1h	0m 23s	$204K	$3.6M	10x
Short	Popdex NEARUSDT	4.3550	0.0096	get 0.0012% / 1h	0m 23s	$114K	$486K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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

Position, each leg$Hold fordaysFee Polymarket PerpsbpFee PopdexbpOrdersPrice spread, now +0.011%Rate

Funding earned: −$0.84
Price spread: +0.011% → −0.032%: $4.36
Slippage, 4 orders: −$15.23
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$26.12
Costs to cover: 0.296%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 4 min ago; Popdex: 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, 4 min ago	1.49 bp	5.5 bp −$5	7.2 bp −$72	doesn't fit	doesn't fit
Sell Popdex live order book, 3 min ago	2.29 bp	7.5 bp −$8	54.5 bp −$545	doesn't fit	doesn't fit

NEAR on 44 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
Reya NEARRUSDPERP	−0.0171%	1h	4.3411	−0.308%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0064%	1h	4.3541	−0.009%	$2.2M	$14.2M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3555	+0.022%	$107K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3522	−0.053%	$553K	$19.6M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3444	−0.233%	$196K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.903%	$578	$302K	12x	as long as short
Popdex NEARUSDTshort	+0.0096%	1h	4.3550	+0.011%	$114K	$486K	50x
Pacifica NEAR	+0.0100%	1h	4.3559	+0.033%	$408K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3470	−0.172%	$263.6M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3423	−0.280%	$218.5M	$416.9M	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3410	−0.310%	$61.9M	$287.3M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3620	+0.172%	$208K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3555	+0.023%	$248K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3444	−0.232%	$31.3M	$63.4M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3460	−0.195%	$75.6M	$145.1M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3570	+0.057%	$53.8M	$43.8M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3418	−0.292%	$71.3M	$126.0M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3450	−0.218%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3517	−0.063%	$8.4M	$18.3M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3594	+0.113%	$269K	$1.0M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3541	−0.010%	$1.4M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3590	+0.103%	$196K	$775K	50x	as long as short
Polymarket Perps NEAR-USDlong	+0.0100%	1h	4.3545	long leg	$204K	$3.6M	10x
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3455	−0.207%	$60K	$190K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3510	−0.080%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3595	+0.115%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3640	+0.218%	$455K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3590	+0.103%	$3.8M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3539	−0.013%	$31K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3550	+0.012%	$3.8M	$18.6M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3454	−0.209%	$202K	$34K	3x	as long as short
Aster NEARUSDT	+0.0177%	8h	4.3577	+0.074%	$3.0M	$5.6M	50x	as long as short
Kraken Futures PF_NEARUSD	+0.0217%	1h	4.3607	+0.142%	$7.7M	$40.6M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0347% / S −0.0243%	1h	4.3443	−0.235%	$254K	—	100x	as long as short
01 Exchange NEARUSD	+0.0408%	1h	4.3642	+0.223%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0423%	1h	4.3505	−0.092%	$1.9M	$3.1M	10x	as long as short
RISEx NEAR/USDC	+0.0509%	1h	4.3635	+0.206%	$549K	$1.3M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0554%	1h	4.3589	+0.101%	$1.9M	$4.3M	25x	as long as short
Phoenix NEAR	+0.0592%	1h	4.3584	+0.090%	$1.8M	$2.6M	10x	as long as short
Lighter RH NEAR	+0.0784%	1h	4.3557	+0.028%	$1.6M	$7.1M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0803%	1h	4.3578	+0.076%	$1.5M	$6.3M	20x	as long as short
Hyperliquid NEAR	+0.0858%	1h	4.3586	+0.094%	$366.9M	$306.1M	10x	as long as short
Lighter NEAR	+0.1696%	1h	4.3676	+0.301%	$17.4M	$25.8M	15x	as long as short
Aftermath Perps NEARUSD	+0.1708%	1h	4.3618	+0.168%	$5K	$12K	10x	as long as short