NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0150%/8h= −16.4% APRnext payment −$0.19 per $10,000 · paid last 24h −0.108%

Price spread now: Coinbase International against Arcus+0.116%7-day average −0.092% · 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−$16as in the Price arb table

costs, in and out, $10k−$370.368% of the position

Long on Arcus Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.511%−$51 on $10k

Price spread, last 4 days (all we have)−0.015%−$2 · spread now +0.116%, 7d avg −0.092%

Together, before fees−0.527%−$53 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.208% dearer against Arcus than usual: you sell high and buy low (spread +0.116% now, against its 7-day average of −0.092%): +$21 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 4.6 days. At the pace of the last 4 days (−0.511% in total) that is about 36 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus NEAR-USD	4.3180	0.0638	pay 0.0080% / 1h	58m 24s	$227K	$1.6M	10x
Short	Coinbase International NEAR-PERP-INTX	4.3230	0.0488	get 0.0061% / 1h	58m 24s	$2.3M	$16.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.116%Rate

Funding earned: −$31.43
Price spread: +0.116% → −0.092%: $20.8
Slippage, 4 orders: −$22.28
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$47.41
Costs to cover: 0.368%
Break-even: never at this rate

Slippage from Arcus: live order book, 1 min ago; Coinbase International: live order book, 6 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, 1 min ago	3.48 bp	5.7 bp −$6	11.5 bp −$115	doesn't fit	doesn't fit
Sell Coinbase International live order book, 6 min ago	5.90 bp	11.1 bp −$11	16.6 bp −$166	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	4.3153	−0.063%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3105	−0.174%	$106K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3179	−0.003%	$162K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0017%	1h	4.3212	+0.075%	$7.1M	$38.3M	50x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.099%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3160	−0.046%	$105K	$492K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3201	+0.049%	$218.4M	$431.3M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3210	+0.069%	$60.7M	$290.8M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3150	−0.068%	$246K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3159	−0.049%	$35.2M	$61.5M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NEARUSDTM	+0.0100%	8h	4.3190	+0.023%	$52.3M	$45.9M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3204	+0.056%	$71.5M	$128.6M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3137	−0.099%	$8.6M	$18.7M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3156	−0.055%	$250K	$907K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3153	−0.062%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3150	−0.069%	$163K	$804K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3188	+0.019%	$278K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3230	+0.116%	$58K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3310	+0.301%	$2K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3225	+0.104%	$5K	$53K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3300	+0.278%	$458K	$3.8M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3180	0.000%	$3.5M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0103%	8h	4.3126	−0.125%	$31K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3200	+0.047%	$3.6M	$17.8M	25x	as long as short
Aevo NEAR-PERP	+0.0136%	1h	4.3242	+0.144%	$201K	$38K	3x	as long as short
BingX NEAR-USDT	+0.0203%	8h	4.3200	+0.046%	—	$144.8M	—	as long as short
MEXC NEAR_USDT	+0.0212%	8h	4.3190	+0.023%	$76.1M	$147.7M	200x	as long as short
Kalshi KXNEARPERP	+0.0213%	8h	4.3161	−0.044%	$945K	$25.1M	2.2x	as long as short
Binance NEARUSDT	+0.0214%	8h	4.3220	+0.093%	$262.6M	$1.09B	75x	as long as short
Aster NEARUSDT	+0.0245%	8h	4.3200	+0.046%	$2.7M	$4.8M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0313% / S −0.0201%	1h	4.3180	0.000%	$231K	—	100x	as long as short
BloFin NEAR-USDT	+0.0333%	8h	4.3130	−0.116%	$13.4M	$31.9M	75x	as long as short
Backpack NEAR_USDC_PERP	+0.0398%	1h	4.3118	−0.144%	$1.3M	$6.9M	20x	as long as short
01 Exchange NEARUSD	+0.0408%	1h	4.3190	+0.023%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0414%	1h	4.3195	+0.035%	$350.7M	$315.2M	10x	as long as short
Nado NEAR-PERP	+0.0451%	1h	4.3155	−0.058%	$1.6M	$3.2M	10x	as long as short
Coinbase International NEAR-PERP-INTXshort	+0.0488%	1h	4.3230	+0.116%	$2.3M	$16.6M	50x
Lighter NEAR	+0.0600%	1h	4.3176	−0.010%	$17.0M	$24.8M	15x	as long as short
Arcus NEAR-USDlong	+0.0638%	1h	4.3180	long leg	$227K	$1.6M	10x
Lighter RH NEAR	+0.0760%	1h	4.3177	−0.007%	$1.5M	$6.6M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0931%	1h	4.3252	+0.167%	$1.9M	$13.0M	25x	as long as short
Pacifica NEAR	+0.0949%	1h	4.3130	−0.116%	$406K	$1.5M	10x	as long as short
RISEx NEAR/USDC	+0.0965%	1h	4.3175	−0.013%	$655K	$1.4M	10x	as long as short
Phoenix NEAR	+0.1003%	1h	4.3312	+0.306%	$1.8M	$2.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1279%	1h	4.3268	+0.205%	$5K	$12K	10x	as long as short