NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0714%/8h= −78.2% APRnext payment −$0.89 per $10,000 · paid last 24h −0.091%

Price spread now: Bulk against Arcus−1.584%7-day average −0.068% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$195as in the Price arb table

costs, in and out, $10k−$440.436% of the position

Long on Arcus Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.335%−$33 on $10k

Price spread, last 4 days (all we have)+1.846%+$185 · spread now −1.584%, 7d avg −0.068%

Together, before fees+1.511%+$151 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and Bulk is 1.516% cheaper against Arcus than usual: you would sell low and buy high (−$152 if the spread goes back to its 7-day average of −0.068%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus NEAR-USD	4.4200	0.0814	pay 0.0102% / 1h	6m 09s	$229K	$1.6M	10x
Short	Bulk NEAR-USD	4.3500	0.0100	get 0.0013% / 1h	6m 09s	$248K	−$0	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against Arcus. 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 ArcusbpFee BulkbpOrdersPrice spread, now −1.584%Rate

Funding earned: −$149.95
Price spread: −1.584% → −0.068%: −$151.56
Slippage, 4 orders: −$32.12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$345.13
Costs to cover: 0.436%
Break-even: never at this rate

Slippage from Arcus: live order book, 3 min ago; Bulk: live order book, 43 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 Arcus live order book, 3 min ago	1.14 bp	4.5 bp −$5	13.0 bp −$130	doesn't fit	doesn't fit
Sell Bulk live order book, 43 min ago	11.67 bp	15.2 bp −$15	15.2 bp −$152	15.2 bp −$1,517	32.9 bp −$16.4K

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	4.4160	−0.091%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4071	−0.293%	$108K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4179	−0.048%	$167K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.312%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4210	+0.023%	$117K	$497K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4230	+0.068%	$222.3M	$423.1M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4220	+0.045%	$62.5M	$294.7M	50x	as long as short
Bulk NEAR-USDshort	+0.0100%	1h	4.3500	−1.584%	$248K	−$0	10x
Gate NEAR_USDT	+0.0100%	8h	4.4219	+0.043%	$33.7M	$61.2M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4230	+0.068%	$53.3M	$46.0M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NEARUSDT	+0.0100%	8h	4.4228	+0.063%	$73.0M	$127.1M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3607	−1.341%	$8.8M	$18.4M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3652	−1.240%	$255K	$963K	20x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4201	+0.002%	$284K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4225	+0.057%	$58K	$243K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4270	+0.158%	$1K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4340	+0.317%	$478K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4200	0.000%	$3.6M	$8.3M	50x	as long as short
GRVT NEAR_USDT_Perp	+0.0102%	8h	4.3673	−1.191%	$1.4M	$1.5M	10x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.4109	−0.206%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0112%	1h	4.4265	+0.147%	$206K	$40K	3x	as long as short
BingX NEAR-USDT	+0.0130%	8h	4.4240	+0.090%	—	$143.5M	—	as long as short
MEXC NEAR_USDT	+0.0133%	8h	4.4200	0.000%	$83.9M	$146.5M	200x	as long as short
Binance NEARUSDT	+0.0137%	8h	4.4250	+0.113%	$268.9M	$1.09B	75x	as long as short
BloFin NEAR-USDT	+0.0253%	8h	4.4130	−0.158%	$13.3M	$32.6M	75x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0256%	1h	4.4274	+0.167%	$2.3M	$16.4M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0314% / S −0.0201%	1h	4.4184	−0.037%	$236K	—	100x	as long as short
Kalshi KXNEARPERP	+0.0314%	8h	4.4057	−0.324%	$1.0M	$24.7M	2.2x	as long as short
Aster NEARUSDT	+0.0338%	8h	4.4252	+0.117%	$2.9M	$5.2M	50x	as long as short
Nado NEAR-PERP	+0.0387%	1h	4.4165	−0.079%	$1.7M	$3.2M	10x	as long as short
ApeX Omni NEARUSDT	+0.0417%	1h	4.3640	−1.267%	$167K	$796K	50x	as long as short
Extended NEAR-USD	+0.0464%	1h	4.4188	−0.028%	$3.7M	$19.3M	25x	as long as short
SoDEX NEAR-USD	+0.0508%	1h	4.4205	+0.011%	$5K	$52K	10x	as long as short
Hyperliquid NEAR	+0.0679%	1h	4.4280	+0.181%	$364.2M	$311.0M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0699%	1h	4.4272	+0.163%	$1.3M	$6.5M	20x	as long as short
01 Exchange NEARUSD	+0.0712%	1h	4.4290	+0.204%	$13K	$7K	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0716%	1h	4.4197	−0.007%	$7.4M	$39.1M	50x	as long as short
Arcus NEAR-USDlong	+0.0814%	1h	4.4200	long leg	$229K	$1.6M	10x
Pacifica NEAR	+0.0847%	1h	4.4123	−0.174%	$404K	$1.4M	10x	as long as short
Lighter NEAR	+0.0912%	1h	4.4279	+0.178%	$17.4M	$25.3M	15x	as long as short
Phoenix NEAR	+0.1033%	1h	4.3931	−0.609%	$1.8M	$2.5M	10x	as long as short
Lighter RH NEAR	+0.1112%	1h	4.4265	+0.147%	$1.5M	$7.5M	10x	as long as short
RISEx NEAR/USDC	+0.1220%	1h	4.4213	+0.030%	$708K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1248%	1h	4.3733	−1.057%	$5K	$12K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.2919%	1h	4.4314	+0.258%	$2.0M	$12.0M	25x	as long as short