NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.1247%/8h= −136.5% APRnext payment −$1.56 per $10,000 · paid last 24h −0.075%

Price spread now: ApeX Omni against Deribit+0.492%74s7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$79as 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−$430.430% of the position

Long on Deribit Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.362%−$36 on $10k

Price spread, last 4 days (all we have)−0.324%−$32 · spread now +0.492%, 7d avg +0.005%

Together, before fees−0.685%−$69 on $10k · with fees, hour by hour

The price spread pays, funding is against you. ApeX Omni is 0.487% dearer against Deribit than usual: you sell high and buy low (spread +0.492% now, against its 7-day average of +0.005%): +$49 on $10k if it goes back. Holding the pair costs −$37 a day in funding at the current rate, which eats that in about 31 hours. At the pace of the last 7 days (−0.362% in total) that is about 9.4 days. The two prices were read 74 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 -0.362% in total (about -18.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.56 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	4.4521	0.1347	pay 0.0168% / 1h	39m 48s	$1.9M	$12.4M	25x
Short	ApeX Omni NEARUSDT	4.4740	0.0100	get 0.0013% / 1h	39m 48s	$168K	$804K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now +0.492%Rate

Funding earned: −$261.87
Price spread: +0.492% → +0.005%: $48.68
Slippage, 4 orders: −$26.01
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$256.2
Costs to cover: 0.430%
Break-even: from the start

Slippage from Deribit: live order book, 4 min ago; ApeX Omni: live order book, 4 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, 4 min ago	2.56 bp	6.1 bp −$6	15.5 bp −$155	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 4 min ago	6.68 bp	14.7 bp −$15	81.4 bp −$814	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	4.4558	+0.083%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4644	+0.276%	$110K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4563	+0.094%	$168K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.988%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4640	+0.267%	$111K	$494K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4446	−0.168%	$225.4M	$435.6M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4430	−0.204%	$62.9M	$299.2M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.5008	+1.094%	$256K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4453	−0.153%	$35.3M	$60.6M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4490	−0.070%	$52.7M	$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	4.4484	−0.083%	$73.8M	$128.1M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4927	+0.912%	$9.1M	$18.5M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4779	+0.580%	$262K	$967K	20x	as long as short
ApeX Omni NEARUSDTshort	+0.0100%	1h	4.4740	+0.492%	$168K	$804K	50x
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4607	+0.193%	$294K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4486	−0.079%	$58K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4520	−0.002%	$1K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4560	+0.088%	$464K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4460	−0.137%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0106%	8h	4.4700	+0.402%	$32K	$585	10x	as long as short
GRVT NEAR_USDT_Perp	+0.0124%	8h	4.4854	+0.748%	$1.5M	$1.5M	10x	as long as short
Aevo NEAR-PERP	+0.0128%	1h	4.4528	+0.015%	$207K	$40K	3x	as long as short
SoDEX NEAR-USD	+0.0175%	1h	4.4447	−0.166%	$5K	$53K	10x	as long as short
BingX NEAR-USDC	+0.0185%	8h	4.4470	−0.115%	—	$6.7M	—	as long as short
MEXC NEAR_USDT	+0.0189%	8h	4.4510	−0.025%	$83.5M	$146.3M	200x	as long as short
Binance NEARUSDT	+0.0190%	8h	4.4481	−0.089%	$270.8M	$1.09B	75x	as long as short
Kalshi KXNEARPERP	+0.0292%	8h	4.4525	+0.009%	$1.1M	$25.1M	2.2x	as long as short
Extended NEAR-USD	+0.0296%	1h	4.4464	−0.127%	$3.7M	$18.8M	25x	as long as short
BloFin NEAR-USDT	+0.0310%	8h	4.4790	+0.604%	$13.6M	$33.0M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0335% / S −0.0229%	1h	4.4554	+0.074%	$256K	—	100x	as long as short
Aster NEARUSDT	+0.0336%	8h	4.4480	−0.092%	$2.8M	$5.0M	50x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0424%	1h	4.4520	−0.002%	$2.3M	$16.5M	50x	as long as short
01 Exchange NEARUSD	+0.0472%	1h	4.4667	+0.328%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0541%	1h	4.4531	+0.022%	$366.4M	$311.8M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0548%	1h	4.4495	−0.058%	$1.4M	$6.7M	20x	as long as short
Nado NEAR-PERP	+0.0580%	1h	4.4594	+0.165%	$1.7M	$3.2M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0657%	1h	4.4424	−0.219%	$7.4M	$38.5M	50x	as long as short
Arcus NEAR-USD	+0.0880%	1h	4.4690	+0.380%	$227K	$1.6M	10x	as long as short
Lighter NEAR	+0.0960%	1h	4.4519	−0.004%	$17.4M	$24.8M	15x	as long as short
Lighter RH NEAR	+0.0984%	1h	4.4545	+0.054%	$1.5M	$6.7M	10x	as long as short
Phoenix NEAR	+0.1003%	1h	4.5134	+1.377%	$1.9M	$2.5M	10x	as long as short
Pacifica NEAR	+0.1187%	1h	4.4718	+0.442%	$412K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1259%	1h	4.4754	+0.523%	$6K	$12K	10x	as long as short
RISEx NEAR/USDC	+0.1259%	1h	4.4674	+0.343%	$670K	$1.4M	10x	as long as short
Deribit NEAR_USDC-PERPETUALlong	+0.1347%	1h	4.4521	long leg	$1.9M	$12.4M	25x