Funding you earn now, next payment 09:00 UTC+1.1370%/8h= +1245.0% APRpaid last 24h +0.097%
Price spread now: Deribit against Variational Omni+1.503%7-day average +0.074% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.281%+$28 on $10k
+Price spread, last 4 days (all we have)−1.660%−$166 · spread now +1.503%, 7d avg +0.074%
=Together, before fees−1.380%+ Points / potential airdropVariational Omni: Active · farm board−$138 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$341 a day on $10k at the current rate, and Deribit is 1.430% dearer against Variational Omni than usual: you sell high and buy low: +$143 more if the spread goes back to its 7-day average of +0.074%.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.281% in total (about 27.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni NEAR | 4.3629 | 0.0100 | pay 0.0100% / 8h | 7h 58m | $8.9M | $18.6M | — |
| Short | Deribit NEAR_USDC-PERPETUAL | 4.4285 | 1.1470 | get 0.1434% / 1h | 58m 32s | $1.9M | $13.1M | 25x |
Variational Omni NEAR
Deribit NEAR_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Variational Omni. 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
- $2,387.7
- Price spread: +1.503% → +0.074%
- $142.97
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $2,523.67
- Costs to cover
- 0.070%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Deribit: live order book, 1 min ago. Net counts fees only.
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 Variational Omni RFQ quote, 1 min ago | 3.86 bp | doesn't fit | 9.8 bp −$98 | 29.7 bp −$2,966 | doesn't fit |
| Sell Deribit live order book, 1 min ago | 6.05 bp | 9.6 bp −$10 | 33.3 bp −$333 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_NEARUSD | −0.0431% | 1h | 4.3806 | +0.406% | $7.3M | $38.6M | 50x | as long as short |
| Reya NEARRUSDPERP | −0.0171% | 1h | 4.3803 | +0.399% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3629 | 0.000% | $107K | $68K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.3751 | +0.279% | $164K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −5.086% | $578 | $301K | 12x | as long as short |
| Gate NEAR_USDT | +0.0060% | 8h | 4.3626 | −0.007% | $36.0M | $61.5M | 75x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3650 | +0.048% | $115K | $500K | 50x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.3676 | +0.107% | $2.7M | $4.8M | 50x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3652 | +0.052% | $220.2M | $430.0M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3690 | +0.140% | $61.6M | $296.6M | 50x | as long as short |
Kraken Futures PF_NEARUSD
Reya NEARRUSDPERP
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Gate NEAR_USDT
Popdex NEARUSDT
Aster NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAPShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus NEAR-USD | +0.0100% | 1h | 4.3660 | +0.071% | $229K | $1.5M | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3688 | +0.135% | $252K | $3K | 10x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3660 | +0.071% | $52.9M | $45.9M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3607 | −0.051% | $72.2M | $127.5M | 75x | as long as short |
| Variational Omni NEARlong | +0.0100% | 8h | 4.3629 | long leg | $8.9M | $18.6M | — | |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3577 | −0.118% | $253K | $897K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3670 | +0.094% | $1.4M | $1.6M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3590 | −0.090% | $166K | $815K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3680 | +0.117% | $273K | $4.1M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.3820 | +0.438% | $58K | $235K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3750 | +0.277% | $1K | $1.3M | 20x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.3870 | +0.552% | $464K | $3.8M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3780 | +0.346% | $3.5M | $8.2M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.3627 | −0.005% | $32K | $585 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.3604 | −0.057% | $3.6M | $16.3M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0112% | 1h | 4.3795 | +0.380% | $204K | $40K | 3x | as long as short |
| MEXC NEAR_USDT | +0.0138% | 8h | 4.3620 | −0.021% | $89.0M | $152.4M | 200x | as long as short |
| Binance NEARUSDT | +0.0138% | 8h | 4.3667 | +0.086% | $263.8M | $1.09B | 75x | as long as short |
| BingX NEAR-USDT | +0.0146% | 8h | 4.3630 | +0.002% | — | $83.0M | — | as long as short |
| Nado NEAR-PERP | +0.0156% | 1h | 4.3695 | +0.151% | $1.7M | $3.2M | 10x | as long as short |
| Kalshi KXNEARPERP | +0.0163% | 8h | 4.3660 | +0.071% | $916K | $25.1M | 2.2x | as long as short |
| 01 Exchange NEARUSD | +0.0256% | 1h | 4.3669 | +0.091% | $13K | $7K | 10x | as long as short |
| BloFin NEAR-USDT | +0.0258% | 8h | 4.3770 | +0.323% | $13.3M | $32.3M | 75x | as long as short |
| Lighter RH NEAR | +0.0304% | 1h | 4.3701 | +0.165% | $1.5M | $6.4M | 10x | as long as short |
| Hyperliquid NEAR | +0.0316% | 1h | 4.3739 | +0.252% | $352.8M | $317.0M | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0344% / S −0.0244% | 1h | 4.3761 | +0.302% | $254K | — | 100x | as long as short |
| SoDEX NEAR-USD | +0.0426% | 1h | 4.3801 | +0.394% | $5K | $50K | 10x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0488% | 1h | 4.3724 | +0.217% | $2.3M | $17.0M | 50x | as long as short |
| RISEx NEAR/USDC | +0.0656% | 1h | 4.3659 | +0.070% | $601K | $1.4M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0690% | 1h | 4.3822 | +0.442% | $1.1M | $7.2M | 20x | as long as short |
| Pacifica NEAR | +0.0701% | 1h | 4.3670 | +0.094% | $412K | $1.4M | 10x | as long as short |
| Lighter NEAR | +0.0888% | 1h | 4.3689 | +0.136% | $17.2M | $23.7M | 15x | as long as short |
| Phoenix NEAR | +0.0949% | 1h | 4.3666 | +0.085% | $1.8M | $2.4M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1103% | 1h | 4.3638 | +0.021% | $5K | $7K | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUALshort | +1.1470% | 1h | 4.4285 | +1.503% | $1.9M | $13.1M | 25x |
Arcus NEAR-USD
Bulk NEAR-USD
KuCoin NEARUSDTM
Bitget NEARUSDT
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
HTX NEAR-USDT
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Extended NEAR-USD
Aevo NEAR-PERP
MEXC NEAR_USDT
Binance NEARUSDT
BingX NEAR-USDT
Nado NEAR-PERP
Kalshi KXNEARPERP
01 Exchange NEARUSD
BloFin NEAR-USDT
Lighter RH NEAR
Hyperliquid NEAR
GMX NEAR/USD [ETH-USDC]
SoDEX NEAR-USD
Coinbase International NEAR-PERP-INTX
RISEx NEAR/USDC
Backpack NEAR_USDC_PERP
Pacifica NEAR
Lighter NEAR
Phoenix NEAR
Aftermath Perps NEARUSD