NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.026%

Price spread now: dYdX against Bulk−0.475%7-day average −0.021% · 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−$190as in the Price arb table

costs, in and out, $10k−$1441.444% of the position

Long on Bulk Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.105%−$10 on $10k

Price spread, last 4 days (all we have)+0.084%+$8 · spread now −0.475%, 7d avg −0.021%

Together, before fees−0.021%−$2 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 0.454% cheaper against Bulk than usual: you would sell low and buy high (−$45 if the spread goes back to its 7-day average of −0.021%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk NEAR-USD	4.2997	0.0100	pay 0.0013% / 1h	26m 33s	$245K	−$0	10x
Short	dYdX NEAR-USD	4.2793	0	get 0.0000% / 1h	26m 33s	$105K	$68K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.475%Rate

Funding earned: −$21
Price spread: −0.475% → −0.021%: −$45.44
Slippage, 4 orders: −$127.36
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$210.8
Costs to cover: 1.444%
Break-even: never at this rate

Slippage from Bulk: live order book, 22 min ago; dYdX: live order book, 22 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, 22 min ago	11.67 bp	15.2 bp −$15	15.2 bp −$152	26.9 bp −$2,694	41.3 bp −$20.6K
Sell dYdX live order book, 22 min ago	43.23 bp	65.8 bp −$66	147.0 bp −$1,470	161.2 bp −$16.1K	360.4 bp −$180.2K

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	4.2837	−0.374%	$2K	—	20x	as long as short
dYdX NEAR-USDshort	0.0000%	1h	4.2793	−0.475%	$105K	$68K	10x
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.2818	−0.416%	$160K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.692%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2840	−0.366%	$113K	$501K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2880	−0.273%	$262.2M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.2826	−0.399%	$213.5M	$420.1M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2830	−0.389%	$60.2M	$284.2M	50x	as long as short
Bulk NEAR-USDlong	+0.0100%	1h	4.2997	long leg	$245K	−$0	10x
Gate NEAR_USDT	+0.0100%	8h	4.2854	−0.334%	$32.4M	$60.0M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC NEAR_USDT	+0.0100%	8h	4.2880	−0.273%	$77.4M	$144.3M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2800	−0.459%	$51.7M	$45.8M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2840	−0.366%	$70.8M	$127.1M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.2850	−0.343%	—	$143.4M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.2878	−0.277%	$8.1M	$18.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2992	−0.012%	$259K	$953K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2900	−0.227%	$1.4M	$1.5M	10x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2861	−0.317%	$260K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2821	−0.410%	$56K	$243K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2880	−0.273%	$2K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3010	+0.029%	$463K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2820	−0.413%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.2861	−0.317%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2839	−0.369%	$199K	$37K	3x	as long as short
ApeX Omni NEARUSDT	+0.0209%	1h	4.3020	+0.052%	$165K	$795K	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2820	−0.413%	$13.2M	$31.5M	75x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0256%	1h	4.2871	−0.294%	$2.3M	$15.8M	50x	as long as short
Kalshi KXNEARPERP	+0.0269%	8h	4.2888	−0.255%	$867K	$24.5M	2.2x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0311% / S −0.0198%	1h	4.2814	−0.426%	$231K	—	100x	as long as short
Aster NEARUSDT	+0.0332%	8h	4.2850	−0.343%	$2.8M	$5.3M	50x	as long as short
Nado NEAR-PERP	+0.0400%	1h	4.2850	−0.343%	$1.7M	$3.2M	10x	as long as short
Extended NEAR-USD	+0.0536%	1h	4.2871	−0.295%	$3.6M	$19.6M	25x	as long as short
SoDEX NEAR-USD	+0.0560%	1h	4.2785	−0.494%	$6K	$53K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0656%	1h	4.2797	−0.466%	$1.3M	$6.6M	20x	as long as short
Hyperliquid NEAR	+0.0678%	1h	4.2876	−0.283%	$350.5M	$310.5M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0739%	1h	4.2778	−0.511%	$7.4M	$38.8M	50x	as long as short
01 Exchange NEARUSD	+0.0752%	1h	4.2897	−0.234%	$13K	$7K	10x	as long as short
Arcus NEAR-USD	+0.0814%	1h	4.2900	−0.227%	$215K	$1.6M	10x	as long as short
Pacifica NEAR	+0.0847%	1h	4.2840	−0.367%	$392K	$1.3M	10x	as long as short
Lighter NEAR	+0.0928%	1h	4.2870	−0.297%	$16.8M	$25.1M	15x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1013%	1h	4.2821	−0.410%	$1.9M	$11.0M	25x	as long as short
Phoenix NEAR	+0.1033%	1h	4.2991	−0.015%	$1.8M	$2.5M	10x	as long as short
Lighter RH NEAR	+0.1128%	1h	4.2838	−0.371%	$1.4M	$7.4M	10x	as long as short
RISEx NEAR/USDC	+0.1220%	1h	4.2882	−0.268%	$684K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1365%	1h	4.2895	−0.237%	$5K	$12K	10x	as long as short