NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0960%/8h= +105.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.078%

Price spread now: Deribit against ApeX Omni−0.035%7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$510.510% of the position

Long on ApeX Omni Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.358%+$36 on $10k

Price spread, last 4 days (all we have)−0.131%−$13 · spread now −0.035%, 7d avg −0.002%

Together, before fees+0.227%+$23 on $10k · with fees, hour by hour

Funding pays, the price is against you. Deribit is 0.033% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.035% now, against its 7-day average of −0.002%). If the spread goes back, that is −$3 on $10k: about 3 hours of funding at the current rate (+$29 a day). At the pace of the last 7 days (+0.358% in total) that is about 16 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.358% in total (about 18.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.20 per $10,000. 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	ApeX Omni NEARUSDT	4.2790	0.0148	pay 0.0019% / 1h	44m 48s	$164K	$794K	50x
Short	Deribit NEAR_USDC-PERPETUAL	4.2775	0.1108	get 0.0138% / 1h	44m 48s	$1.9M	$11.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against ApeX Omni. 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 ApeX OmnibpFee DeribitbpOrdersPrice spread, now −0.035%Rate

Funding earned: $201.52
Price spread: −0.035% → −0.002%: −$3.32
Slippage, 4 orders: −$34.02
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $147.18
Costs to cover: 0.510%
Break-even: 1.9 days

Slippage from ApeX Omni: live order book, 4 min ago; Deribit: live order book, 4 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 ApeX Omni live order book, 4 min ago	8.16 bp	18.0 bp −$18	120.5 bp −$1,205	doesn't fit	doesn't fit
Sell Deribit live order book, 4 min ago	4.67 bp	8.2 bp −$8	13.8 bp −$138	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
Reya NEARRUSDPERP	−0.0171%	1h	4.2723	−0.157%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2708	−0.192%	$105K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.2703	−0.203%	$160K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.225%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2740	−0.117%	$111K	$500K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2810	+0.047%	$261.6M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.2752	−0.089%	$212.5M	$422.0M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2770	−0.047%	$60.2M	$284.2M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2835	+0.106%	$244K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2728	−0.145%	$32.0M	$59.7M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC NEAR_USDT	+0.0100%	8h	4.2800	+0.023%	$70.5M	$142.6M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2780	−0.023%	$52.9M	$45.6M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2755	−0.082%	$70.7M	$127.5M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.2780	−0.023%	—	$144.5M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.2678	−0.263%	$8.1M	$18.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2781	−0.021%	$250K	$950K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2766	−0.056%	$1.4M	$1.5M	10x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2744	−0.108%	$263K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2755	−0.082%	$56K	$243K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2830	+0.093%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.2840	+0.117%	$458K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2770	−0.047%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.2721	−0.161%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2749	−0.097%	$199K	$37K	3x	as long as short
ApeX Omni NEARUSDTlong	+0.0148%	1h	4.2790	long leg	$164K	$794K	50x
BloFin NEAR-USDT	+0.0220%	8h	4.2780	−0.023%	$13.2M	$31.5M	75x	as long as short
Kalshi KXNEARPERP	+0.0253%	8h	4.2761	−0.068%	$842K	$24.5M	2.2x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0256%	1h	4.2732	−0.136%	$2.3M	$15.7M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0322% / S −0.0198%	1h	4.2701	−0.209%	$231K	—	100x	as long as short
Aster NEARUSDT	+0.0335%	8h	4.2780	−0.024%	$2.8M	$5.4M	50x	as long as short
Nado NEAR-PERP	+0.0339%	1h	4.2720	−0.164%	$1.7M	$3.2M	10x	as long as short
Extended NEAR-USD	+0.0528%	1h	4.2746	−0.103%	$3.7M	$19.9M	25x	as long as short
SoDEX NEAR-USD	+0.0563%	1h	4.2745	−0.105%	$6K	$53K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0635%	1h	4.2754	−0.084%	$1.3M	$6.8M	20x	as long as short
Hyperliquid NEAR	+0.0672%	1h	4.2768	−0.051%	$349.4M	$311.6M	10x	as long as short
01 Exchange NEARUSD	+0.0728%	1h	4.2804	+0.033%	$13K	$7K	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0740%	1h	4.2740	−0.118%	$7.5M	$38.7M	50x	as long as short
Arcus NEAR-USD	+0.0814%	1h	4.2790	0.000%	$210K	$1.6M	10x	as long as short
Lighter NEAR	+0.0832%	1h	4.2792	+0.006%	$16.7M	$25.0M	15x	as long as short
Pacifica NEAR	+0.0847%	1h	4.2755	−0.083%	$391K	$1.3M	10x	as long as short
Lighter RH NEAR	+0.1024%	1h	4.2800	+0.023%	$1.5M	$7.3M	10x	as long as short
Phoenix NEAR	+0.1033%	1h	4.2961	+0.400%	$1.8M	$2.5M	10x	as long as short
Deribit NEAR_USDC-PERPETUALshort	+0.1108%	1h	4.2775	−0.035%	$1.9M	$11.0M	25x
RISEx NEAR/USDC	+0.1220%	1h	4.2769	−0.050%	$686K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1463%	1h	4.2769	−0.050%	$5K	$12K	10x	as long as short