NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0708%/8h= −77.5% APRnext payment −$0.89 per $10,000 · paid last 24h −0.083%

Price spread now: Aevo against Deribit−0.417%56s7-day average −0.059% · you buy dearer than you sell

Net, funding: paid 7d − costs−$102as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$640.645% of the position

Long on Deribit Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days−0.374%−$37 on $10k

Price spread, last 4 days (all we have)+0.352%+$35 · spread now −0.417%, 7d avg −0.059%

Together, before fees−0.022%−$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and Aevo is 0.358% cheaper against Deribit than usual: you would sell low and buy high (−$36 if the spread goes back to its 7-day average of −0.059%). Swap the legs. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.374% in total (about -19.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.89 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit NEAR_USDC-PERPETUAL	4.3643	0.0828	pay 0.0103% / 1h	4m 25s	$1.9M	$13.1M	25x
Short	Aevo NEAR-PERP	4.3461	0.0120	get 0.0015% / 1h	4m 25s	$202K	$38K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Deribit. 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 DeribitbpFee AevobpOrdersPrice spread, now −0.417%Rate

Funding earned: −$148.68
Price spread: −0.417% → −0.059%: −$35.83
Slippage, 4 orders: −$41.46
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$248.97
Costs to cover: 0.645%
Break-even: never at this rate

Slippage from Deribit: live order book, 5 min ago; Aevo: live order book, 34 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 Deribit live order book, 5 min ago	3.31 bp	6.8 bp −$7	15.8 bp −$158	doesn't fit	doesn't fit
Sell Aevo live order book, 34 min ago	10.41 bp	25.0 bp −$25	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	4.3470	−0.396%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3586	−0.131%	$107K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3400	−0.556%	$163K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0017%	1h	4.3642	−0.002%	$7.2M	$38.6M	50x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.117%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3590	−0.121%	$114K	$499K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3422	−0.506%	$219.5M	$430.0M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3430	−0.488%	$61.5M	$295.0M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3750	+0.245%	$249K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3460	−0.419%	$35.8M	$63.2M	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	4.3600	−0.099%	$52.8M	$46.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3423	−0.504%	$71.9M	$127.9M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3549	−0.215%	$8.9M	$18.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3722	+0.182%	$253K	$896K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3681	+0.088%	$1.4M	$1.6M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3680	+0.085%	$167K	$816K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3566	−0.176%	$274K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3448	−0.447%	$58K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3630	−0.030%	$1K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3626	−0.039%	$5K	$50K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3650	+0.016%	$3.5M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3651	+0.018%	$32K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3578	−0.150%	$3.6M	$16.5M	25x	as long as short
Aster NEARUSDT	+0.0108%	8h	4.3492	−0.347%	$2.7M	$4.8M	50x	as long as short
Aevo NEAR-PERPshort	+0.0120%	1h	4.3461	−0.417%	$202K	$38K	3x
Hyperliquid NEAR	+0.0135%	1h	4.3525	−0.270%	$350.8M	$316.1M	10x	as long as short
MEXC NEAR_USDT	+0.0146%	8h	4.3470	−0.396%	$88.9M	$154.6M	200x	as long as short
Binance NEARUSDT	+0.0146%	8h	4.3476	−0.382%	$262.7M	$1.09B	75x	as long as short
BingX NEAR-USDT	+0.0155%	8h	4.3480	−0.373%	—	$144.3M	—	as long as short
HTX NEAR-USDT	+0.0157%	8h	4.3670	+0.062%	$465K	$3.8M	75x	as long as short
Kalshi KXNEARPERP	+0.0172%	8h	4.3557	−0.197%	$951K	$25.1M	2.2x	as long as short
01 Exchange NEARUSD	+0.0232%	1h	4.3639	−0.009%	$13K	$7K	10x	as long as short
BloFin NEAR-USDT	+0.0266%	8h	4.3670	+0.062%	$13.4M	$32.2M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0342% / S −0.0242%	1h	4.3462	−0.414%	$253K	—	100x	as long as short
Nado NEAR-PERP	+0.0365%	1h	4.3534	−0.250%	$1.6M	$3.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0468%	1h	4.3716	+0.167%	$1.1M	$7.2M	20x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.3572	−0.163%	$2.3M	$17.0M	50x	as long as short
Lighter RH NEAR	+0.0496%	1h	4.3653	+0.023%	$1.5M	$6.8M	10x	as long as short
Lighter NEAR	+0.0544%	1h	4.3637	−0.014%	$17.2M	$25.4M	15x	as long as short
Arcus NEAR-USD	+0.0638%	1h	4.3620	−0.053%	$228K	$1.5M	10x	as long as short
Deribit NEAR_USDC-PERPETUALlong	+0.0828%	1h	4.3643	long leg	$1.9M	$13.1M	25x
Pacifica NEAR	+0.0949%	1h	4.3643	+0.001%	$411K	$1.4M	10x	as long as short
Phoenix NEAR	+0.0949%	1h	4.3865	+0.509%	$1.8M	$2.4M	10x	as long as short
RISEx NEAR/USDC	+0.0965%	1h	4.3615	−0.065%	$605K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1115%	1h	4.3615	−0.065%	$5K	$7K	10x	as long as short