NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0176%/8h= −19.3% APRnext payment −$0.22 per $10,000 · paid last 24h +0.013%

Price spread now: Arcus against Deribit−0.012%7-day average +0.009% · 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−$30as in the Price arb table

costs, in and out, $10k−$280.278% of the position

Long on Deribit Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.089%+$9 on $10k

Price spread, last 4 days (all we have)−0.220%−$22 · spread now −0.012%, 7d avg +0.009%

Together, before fees−0.131%−$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Arcus is 0.020% cheaper against Deribit than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.009%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.089%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit NEAR_USDC-PERPETUAL	4.2795	0.0990	pay 0.0124% / 1h	47m 25s	$1.9M	$10.8M	25x
Short	Arcus NEAR-USD	4.2790	0.0814	get 0.0102% / 1h	47m 25s	$210K	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now −0.012%Rate

Funding earned: −$36.95
Price spread: −0.012% → +0.009%: −$2.03
Slippage, 4 orders: −$16.34
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$66.82
Costs to cover: 0.278%
Break-even: never at this rate

Slippage from Deribit: live order book, 2 min ago; Arcus: 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 Deribit live order book, 2 min ago	4.67 bp	8.2 bp −$8	17.5 bp −$175	doesn't fit	doesn't fit
Sell Arcus live order book, 2 min ago	2.33 bp	6.9 bp −$7	13.0 bp −$130	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	4.2719	−0.178%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2717	−0.182%	$105K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.2719	−0.178%	$160K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.236%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2750	−0.105%	$111K	$500K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2785	−0.022%	$260.9M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.2744	−0.119%	$212.3M	$423.1M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2760	−0.082%	$60.2M	$284.5M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2835	+0.094%	$244K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2725	−0.164%	$32.0M	$59.6M	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	4.2780	−0.035%	$70.3M	$142.5M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2780	−0.035%	$52.9M	$45.7M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2748	−0.110%	$70.7M	$127.6M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.2750	−0.105%	—	$6.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.2828	+0.076%	$8.2M	$18.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2870	+0.176%	$250K	$950K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2882	+0.204%	$1.4M	$1.5M	10x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2758	−0.086%	$263K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2775	−0.047%	$56K	$243K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2910	+0.269%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.2840	+0.105%	$459K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2790	−0.012%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.2735	−0.140%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2765	−0.070%	$199K	$37K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2900	+0.245%	$13.4M	$31.7M	75x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0256%	1h	4.2768	−0.063%	$2.3M	$15.8M	50x	as long as short
Kalshi KXNEARPERP	+0.0271%	8h	4.2802	+0.016%	$834K	$24.5M	2.2x	as long as short
Nado NEAR-PERP	+0.0314%	1h	4.2741	−0.127%	$1.7M	$3.2M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0320% / S −0.0195%	1h	4.2716	−0.185%	$229K	—	100x	as long as short
Aster NEARUSDT	+0.0337%	8h	4.2760	−0.082%	$2.8M	$5.4M	50x	as long as short
ApeX Omni NEARUSDT	+0.0347%	1h	4.2880	+0.199%	$165K	$794K	50x	as long as short
Extended NEAR-USD	+0.0504%	1h	4.2719	−0.177%	$3.7M	$19.9M	25x	as long as short
SoDEX NEAR-USD	+0.0583%	1h	4.2755	−0.093%	$6K	$53K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0657%	1h	4.2787	−0.019%	$1.3M	$6.8M	20x	as long as short
Hyperliquid NEAR	+0.0666%	1h	4.2771	−0.056%	$349.5M	$311.4M	10x	as long as short
01 Exchange NEARUSD	+0.0728%	1h	4.2818	+0.054%	$13K	$7K	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0739%	1h	4.2769	−0.061%	$7.5M	$38.7M	50x	as long as short
Lighter NEAR	+0.0768%	1h	4.2799	+0.009%	$16.7M	$25.0M	15x	as long as short
Arcus NEAR-USDshort	+0.0814%	1h	4.2790	−0.012%	$210K	$1.6M	10x
Pacifica NEAR	+0.0847%	1h	4.2755	−0.093%	$391K	$1.3M	10x	as long as short
Deribit NEAR_USDC-PERPETUALlong	+0.0990%	1h	4.2795	long leg	$1.9M	$10.8M	25x
Lighter RH NEAR	+0.1008%	1h	4.2807	+0.028%	$1.5M	$7.3M	10x	as long as short
Phoenix NEAR	+0.1033%	1h	4.2961	+0.388%	$1.8M	$2.5M	10x	as long as short
RISEx NEAR/USDC	+0.1220%	1h	4.2767	−0.066%	$685K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1471%	1h	4.2799	+0.008%	$5K	$12K	10x	as long as short