NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0443%/8h= +48.5% APRnext payment +$0.55 per $10,000 · paid last 24h +0.069%

Price spread now: Deribit against Bulk−0.828%7-day average +0.082% · 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−$137as in the Price arb table

costs, in and out, $10k−$460.463% of the position

Long on Bulk Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.230%+$23 on $10k

Price spread, last 4 days (all we have)+1.016%+$102 · spread now −0.828%, 7d avg +0.082%

Together, before fees+1.246%+$125 on $10k · with fees, hour by hour

Funding pays, the price is against you. Deribit is 0.910% cheaper against Bulk than usual: you would sell low and buy high (spread −0.828% now, against its 7-day average of +0.082%). If the spread goes back, that is −$91 on $10k: about 6.8 days of funding at the current rate (+$13 a day). At the pace of the last 4 days (+0.230% in total) that is about 14 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk NEAR-USD	4.4550	0.0100	pay 0.0013% / 1h	38m 57s	$254K	−$0	10x
Short	Deribit NEAR_USDC-PERPETUAL	4.4181	0.0543	get 0.0068% / 1h	38m 57s	$2.0M	$6.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Bulk. 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 BulkbpFee DeribitbpOrdersPrice spread, now −0.828%Rate

Funding earned: $93.03
Price spread: −0.828% → +0.082%: −$91.02
Slippage, 4 orders: −$32.34
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$44.32
Costs to cover: 0.463%
Break-even: 10.3 days

Slippage from Bulk: live order book, 20 min ago; Deribit: live order book, 5 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 Bulk live order book, 20 min ago	11.15 bp	14.6 bp −$15	14.6 bp −$146	33.3 bp −$3,330	48.2 bp −$24.1K
Sell Deribit live order book, 5 min ago	3.69 bp	8.7 bp −$9	doesn't fit	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	4.4137	−0.926%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0008%	1h	4.4077	−1.062%	$2.2M	$15.2M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4113	−0.981%	$109K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4180	−0.831%	$599K	$22.0M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4149	−0.900%	$165K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.048%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4100	−1.010%	$116K	$516K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4151	−0.897%	$422K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4189	−0.809%	$270.2M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4191	−0.806%	$222.0M	$424.4M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4180	−0.831%	$62.8M	$299.9M	50x	as long as short
Bulk NEAR-USDlong	+0.0100%	1h	4.4550	long leg	$254K	−$0	10x
Gate NEAR_USDT	+0.0100%	8h	4.4190	−0.808%	$32.0M	$63.2M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4200	−0.786%	$74.3M	$148.1M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4190	−0.808%	$54.9M	$46.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4108	−0.992%	$72.5M	$130.2M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.4190	−0.808%	—	$147.8M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4567	+0.038%	$8.7M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4571	+0.047%	$267K	$976K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4605	+0.124%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4600	+0.112%	$171K	$792K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4126	−0.952%	$238K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4187	−0.815%	$56K	$220K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4260	−0.651%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4165	−0.864%	$8K	$53K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4200	−0.786%	$460K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4220	−0.741%	$3.9M	$8.5M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4088	−1.038%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4193	−0.802%	$205K	$40K	3x	as long as short
Hyperliquid NEAR	+0.0170%	1h	4.4142	−0.916%	$364.5M	$324.3M	10x	as long as short
Extended NEAR-USD	+0.0200%	1h	4.4176	−0.840%	$4.0M	$19.6M	25x	as long as short
Backpack NEAR_USDC_PERP	+0.0206%	1h	4.4133	−0.936%	$1.3M	$6.6M	20x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4190	−0.808%	$13.9M	$32.9M	75x	as long as short
01 Exchange NEARUSD	+0.0240%	1h	4.4127	−0.949%	$13K	$7K	10x	as long as short
Aster NEARUSDT	+0.0293%	8h	4.4131	−0.941%	$3.0M	$5.5M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0329% / S −0.0206%	1h	4.4142	−0.915%	$239K	—	100x	as long as short
Lighter RH NEAR	+0.0464%	1h	4.4197	−0.792%	$1.5M	$7.2M	10x	as long as short
Deribit NEAR_USDC-PERPETUALshort	+0.0543%	1h	4.4181	−0.828%	$2.0M	$6.8M	25x
Nado NEAR-PERP	+0.0562%	1h	4.4139	−0.923%	$1.9M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0581%	1h	4.4490	−0.135%	$220K	$1.8M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0588%	1h	4.4163	−0.870%	$8.2M	$39.9M	50x	as long as short
Phoenix NEAR	+0.0794%	1h	4.4453	−0.218%	$1.8M	$2.8M	10x	as long as short
Lighter NEAR	+0.0848%	1h	4.4200	−0.785%	$17.8M	$26.2M	15x	as long as short
RISEx NEAR/USDC	+0.0926%	1h	4.4133	−0.936%	$560K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1570%	1h	4.4505	−0.101%	$6K	$12K	10x	as long as short