Funding you earn now, next payment 08:00 UTC−0.0047%/8h= −5.1% APRnext payment −$0.47 per $10,000 · paid last 24h −0.009%
Price spread now: Bybit against Binance−0.090%7-day average −0.032% · you buy dearer than you sell
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$330.327% of the position
Funding, last 7 days−0.021%−$2 on $10k
+Price spread, last 7 days+0.069%+$7 · spread now −0.090%, 7d avg −0.032%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.057% cheaper against Binance than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.032%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance NEARUSDT | 4.4500 | 0.0147 | pay 0.0147% / 8h | 2h 02m | $270.5M | $1.09B | 75x |
| Short | Bybit NEARUSDT | 4.4460 | 0.0100 | get 0.0100% / 8h | 2h 02m | $223.9M | $424.2M | 75x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Binance. 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
- −$9.82
- Price spread: −0.090% → −0.032%
- −$5.74
- Slippage, 4 orders
- −$11.68
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$48.24
- Costs to cover
- 0.327%
- Break-even
- never at this rate
Slippage from Binance: live order book, 12 min ago; Bybit: live order book, 2 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 Binance live order book, 12 min ago | 1.15 bp | 6.1 bp −$6 | 7.6 bp −$76 | 32.9 bp −$3,291 | 98.3 bp −$49.2K |
| Sell Bybit live order book, 2 min ago | 1.13 bp | 8.4 bp −$8 | 10.7 bp −$107 | 28.5 bp −$2,853 | 125.3 bp −$62.6K |
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 | 4.4407 | −0.210% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.4395 | −0.237% | $109K | $68K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.4446 | −0.121% | $168K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −6.944% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.4430 | −0.157% | $113K | $497K | 50x | as long as short |
| Bybit NEARUSDTshort | +0.0100% | 8h | 4.4460 | −0.090% | $223.9M | $424.2M | 75x | |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.4450 | −0.112% | $62.7M | $296.7M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.4419 | −0.181% | $253K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.4396 | −0.234% | $33.9M | $61.4M | 75x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.4430 | −0.157% | $53.5M | $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 | 4.4448 | −0.117% | $73.3M | $127.1M | 75x | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.4197 | −0.680% | $8.9M | $18.4M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.4142 | −0.804% | $258K | $965K | 20x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.4433 | −0.151% | $273K | $3.9M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.4489 | −0.025% | $58K | $243K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.4540 | +0.090% | $1K | $1.3M | 20x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.4500 | 0.000% | $474K | $4.0M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.4440 | −0.135% | $3.7M | $8.3M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0102% | 8h | 4.4360 | −0.316% | $32K | $608 | 10x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0111% | 8h | 4.4060 | −0.989% | $1.5M | $1.5M | 10x | as long as short |
| Aevo NEAR-PERP | +0.0120% | 1h | 4.4505 | +0.011% | $207K | $40K | 3x | as long as short |
| BingX NEAR-USDC | +0.0130% | 8h | 4.4490 | −0.022% | — | $6.7M | — | as long as short |
| MEXC NEAR_USDT | +0.0143% | 8h | 4.4420 | −0.180% | $85.2M | $146.9M | 200x | as long as short |
| Binance NEARUSDTlong | +0.0147% | 8h | 4.4500 | long leg | $270.5M | $1.09B | 75x | |
| Coinbase International NEAR-PERP-INTX | +0.0256% | 1h | 4.4545 | +0.101% | $2.3M | $16.5M | 50x | as long as short |
| BloFin NEAR-USDT | +0.0264% | 8h | 4.4300 | −0.449% | $13.4M | $32.7M | 75x | as long as short |
| Kalshi KXNEARPERP | +0.0312% | 8h | 4.4459 | −0.092% | $1.1M | $24.7M | 2.2x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0315% / S −0.0201% | 1h | 4.4444 | −0.126% | $238K | — | 100x | as long as short |
| Aster NEARUSDT | +0.0345% | 8h | 4.4489 | −0.025% | $2.9M | $5.2M | 50x | as long as short |
| Nado NEAR-PERP | +0.0381% | 1h | 4.4435 | −0.146% | $1.7M | $3.2M | 10x | as long as short |
| Extended NEAR-USD | +0.0448% | 1h | 4.4437 | −0.142% | $3.7M | $19.2M | 25x | as long as short |
| ApeX Omni NEARUSDT | +0.0450% | 1h | 4.4150 | −0.787% | $167K | $803K | 50x | as long as short |
| SoDEX NEAR-USD | +0.0497% | 1h | 4.4455 | −0.101% | $5K | $52K | 10x | as long as short |
| Hyperliquid NEAR | +0.0690% | 1h | 4.4467 | −0.074% | $366.0M | $311.6M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0697% | 1h | 4.4372 | −0.288% | $1.3M | $6.5M | 20x | as long as short |
| 01 Exchange NEARUSD | +0.0704% | 1h | 4.4494 | −0.013% | $13K | $7K | 10x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0711% | 1h | 4.4456 | −0.098% | $7.4M | $39.1M | 50x | as long as short |
| Arcus NEAR-USD | +0.0814% | 1h | 4.4460 | −0.090% | $227K | $1.6M | 10x | as long as short |
| Pacifica NEAR | +0.0847% | 1h | 4.4412 | −0.198% | $407K | $1.4M | 10x | as long as short |
| Lighter NEAR | +0.0936% | 1h | 4.4529 | +0.066% | $17.4M | $25.3M | 15x | as long as short |
| Phoenix NEAR | +0.1033% | 1h | 4.4241 | −0.582% | $1.8M | $2.5M | 10x | as long as short |
| Lighter RH NEAR | +0.1112% | 1h | 4.4537 | +0.083% | $1.5M | $7.5M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.1122% | 1h | 4.4508 | +0.018% | $2.0M | $12.1M | 25x | as long as short |
| RISEx NEAR/USDC | +0.1220% | 1h | 4.4452 | −0.109% | $691K | $1.4M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1239% | 1h | 4.4037 | −1.042% | $5K | $12K | 10x | as long as short |
Binance NEARUSDT
Bybit NEARUSDT
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
OKX NEAR-USDT-SWAP
Bulk NEAR-USD
Gate NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
Variational Omni NEAR
edgeX NEARUSDC
Polymarket Perps NEAR-USD
SunX NEAR-USDT
HTX NEAR-USDT
Phemex NEARUSDT
Paradex NEAR-USD-PERP
GRVT NEAR_USDT_Perp
BingX NEAR-USDC
MEXC NEAR_USDT
Coinbase International NEAR-PERP-INTX
BloFin NEAR-USDT
Kalshi KXNEARPERP
GMX NEAR/USD [ETH-USDC]
Aster NEARUSDT
Extended NEAR-USD
ApeX Omni NEARUSDT
SoDEX NEAR-USD
Hyperliquid NEAR
Backpack NEAR_USDC_PERP
01 Exchange NEARUSD
Kraken Futures PF_NEARUSD
Pacifica NEAR
Lighter NEAR
Phoenix NEAR
Lighter RH NEAR
Deribit NEAR_USDC-PERPETUAL
RISEx NEAR/USDC
Aftermath Perps NEARUSD