NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.158%

Price spread now: dYdX against Arcus−0.292%7-day average −0.088% · 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−$151as in the Price arb table

costs, in and out, $10k−$1301.302% of the position

Long on Arcus Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.418%−$42 on $10k

Price spread, last 4 days (all we have)+0.190%+$19 · spread now −0.292%, 7d avg −0.088%

Together, before fees−0.228%−$23 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.205% cheaper against Arcus than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of −0.088%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus NEAR-USD	4.3890	0.0100	pay 0.0013% / 1h	14m 55s	$209K	$1.7M	10x
Short	dYdX NEAR-USD	4.3762	0	get 0.0000% / 1h	14m 55s	$108K	$70K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.292%Rate

Funding earned: −$21
Price spread: −0.292% → −0.088%: −$20.45
Slippage, 4 orders: −$115.7
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$171.65
Costs to cover: 1.302%
Break-even: never at this rate

Slippage from Arcus: live order book, 4 min ago; dYdX: live order book, 54 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, 4 min ago	3.37 bp	6.8 bp −$7	12.5 bp −$125	doesn't fit	doesn't fit
Sell dYdX live order book, 54 min ago	53.24 bp	58.2 bp −$58	58.2 bp −$582	82.6 bp −$8,262	132.5 bp −$66.2K

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	4.3857	−0.074%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0064%	1h	4.3882	−0.018%	$2.2M	$14.3M	50x	as long as short
dYdX NEAR-USDshort	0.0000%	1h	4.3762	−0.292%	$108K	$70K	10x
Kalshi KXNEARPERP	0.0000%	8h	4.3803	−0.198%	$591K	$20.0M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3840	−0.114%	$194K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.650%	$578	$302K	12x	as long as short
Variational Omni NEAR	+0.0088%	8h	4.3887	−0.007%	$8.5M	$18.5M	—	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3820	−0.159%	$112K	$495K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3815	−0.172%	$412K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3711	−0.408%	$265.3M	$1.08B	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit NEARUSDT	+0.0100%	8h	4.3697	−0.440%	$221.3M	$421.0M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3710	−0.410%	$62.2M	$290.1M	50x	as long as short
Arcus NEAR-USDlong	+0.0100%	1h	4.3890	long leg	$209K	$1.7M	10x
Bulk NEAR-USD	+0.0100%	1h	4.3850	−0.091%	$250K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3684	−0.469%	$31.5M	$62.7M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3740	−0.342%	$75.0M	$143.4M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3860	−0.068%	$53.8M	$43.7M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3705	−0.422%	$71.9M	$126.2M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3720	−0.387%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4564	+1.535%	$281K	$1.0M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4520	+1.435%	$1.5M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4540	+1.481%	$183K	$765K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3888	−0.005%	$210K	$3.6M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3836	−0.123%	$60K	$190K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3900	+0.023%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3835	−0.125%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3850	−0.091%	$453K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3750	−0.319%	$3.9M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.3783	−0.245%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3739	−0.343%	$3.8M	$18.5M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3855	−0.080%	$204K	$34K	3x	as long as short
Aster NEARUSDT	+0.0176%	8h	4.3825	−0.148%	$3.0M	$5.8M	50x	as long as short
Kraken Futures PF_NEARUSD	+0.0216%	1h	4.3835	−0.126%	$8.0M	$40.8M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0343%	1h	4.3862	−0.064%	$1.9M	$4.2M	25x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0347% / S −0.0242%	1h	4.3833	−0.129%	$255K	—	100x	as long as short
Nado NEAR-PERP	+0.0407%	1h	4.3860	−0.068%	$1.9M	$3.1M	10x	as long as short
01 Exchange NEARUSD	+0.0416%	1h	4.3859	−0.071%	$13K	$7K	10x	as long as short
RISEx NEAR/USDC	+0.0509%	1h	4.3860	−0.069%	$554K	$1.3M	10x	as long as short
Phoenix NEAR	+0.0592%	1h	4.4150	+0.592%	$1.8M	$2.6M	10x	as long as short
Lighter RH NEAR	+0.0784%	1h	4.3778	−0.255%	$1.6M	$7.0M	10x	as long as short
Hyperliquid NEAR	+0.0901%	1h	4.3737	−0.349%	$368.4M	$309.4M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0912%	1h	4.3715	−0.399%	$1.5M	$6.3M	20x	as long as short
Aftermath Perps NEARUSD	+0.1638%	1h	4.4124	+0.532%	$6K	$12K	10x	as long as short
Lighter NEAR	+0.1760%	1h	4.3886	−0.010%	$17.6M	$25.7M	15x	as long as short