NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.1490%/8h= −163.1% APRnext payment −$1.86 per $10,000 · paid last 24h −0.155%

Price spread now: gTrade (Gains Network) against Deribit−0.172%7-day average −0.114% · 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−$294as in the Price arb table

costs, in and out, $10k−$2882.884% of the position

Long on Deribit Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.396%−$40 on $10k

Price spread, last 4 days (all we have)+0.102%+$10 · spread now −0.172%, 7d avg −0.114%

Together, before fees−0.294%−$29 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$45 a day on $10k at the current rate, and gTrade (Gains Network) is 0.058% cheaper against Deribit than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.114%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.396% in total (about -39.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.86 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit NEAR_USDC-PERPETUAL	4.5332	0.1496	pay 0.0187% / 1h	59m 01s	$2.0M	$13.0M	25x
Short	gTrade (Gains Network) NEAR/USD	4.5254	L +0.0004% / S −0.0006%	get 0.0001% / 1h	59m 01s	$170K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.172%Rate

Funding earned: −$312.81
Price spread: −0.172% → −0.114%: −$5.78
Slippage, 4 orders: −$271.38
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$606.97
Costs to cover: 2.884%
Break-even: never at this rate

Slippage from Deribit: live order book, 3 min ago; gTrade (Gains Network): virtual book (oracle exchange), 48 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, 3 min ago	4.11 bp	8.1 bp −$8	82.7 bp −$827	doesn't fit	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle exchange), 48 min ago	130.01 bp	137.7 bp −$138	1007.8 bp −$10.1K	doesn't fit	doesn't fit

NEAR on 45 exchanges

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
Kraken Futures PF_NEARUSD	−0.0377%	1h	4.5238	−0.208%	$7.4M	$37.1M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.5263	−0.152%	$2K	—	20x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.5056	−0.609%	$931K	$26.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USDshort	L +0.0004% / S −0.0006%	1h	4.5254	−0.172%	$170K	—	150x
dYdX NEAR-USD	+0.0020%	1h	4.5008	−0.714%	$110K	$53K	10x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−8.652%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.5270	−0.137%	$125K	$505K	50x	as long as short
Nado NEAR-PERP	+0.0100%	1h	4.5300	−0.071%	$1.8M	$3.1M	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.5212	−0.265%	$2.7M	$4.9M	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.5213	−0.263%	$272.6M	$1.08B	75x	as long as short

Show all 45 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit NEARUSDT	+0.0100%	8h	4.5200	−0.291%	$232.2M	$431.0M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.5190	−0.313%	$64.3M	$303.7M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4850	−1.063%	$276K	$24K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.5211	−0.267%	$41.3M	$61.3M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.5230	−0.225%	$72.8M	$167.0M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.5240	−0.203%	$54.4M	$44.5M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.5188	−0.318%	$75.2M	$127.6M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.5210	−0.269%	—	$6.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4983	−0.770%	$8.8M	$16.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.5000	−0.733%	$267K	$865K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.5011	−0.707%	$1.5M	$1.8M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4990	−0.754%	$168K	$808K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.5271	−0.135%	$56K	$273K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.5380	+0.106%	$2K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.5330	−0.004%	$474K	$3.7M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.5230	−0.225%	$3.4M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.5034	−0.657%	$33K	$389	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.5189	−0.315%	$3.8M	$15.0M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.5260	−0.159%	$210K	$38K	3x	as long as short
Lighter NEAR	+0.0184%	1h	4.5265	−0.147%	$17.1M	$24.6M	15x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0191% / S −0.0033%	1h	4.5209	−0.271%	$243K	—	100x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.5310	−0.049%	$12.9M	$32.8M	75x	as long as short
01 Exchange NEARUSD	+0.0272%	1h	4.5239	−0.205%	$13K	$4K	10x	as long as short
SoDEX NEAR-USD	+0.0307%	1h	4.5245	−0.192%	$5K	$34K	10x	as long as short
Lighter RH NEAR	+0.0312%	1h	4.5299	−0.073%	$1.6M	$5.7M	10x	as long as short
Arcus NEAR-USD	+0.0343%	1h	4.5240	−0.203%	$228K	$1.4M	10x	as long as short
Hyperliquid NEAR	+0.0374%	1h	4.5215	−0.258%	$363.3M	$312.9M	10x	as long as short
RISEx NEAR/USDC	+0.0478%	1h	4.5216	−0.256%	$647K	$1.6M	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0544%	1h	4.5314	−0.040%	$2.4M	$17.8M	50x	as long as short
Phoenix NEAR	+0.0741%	1h	4.5098	−0.516%	$1.7M	$2.4M	10x	as long as short
Pacifica NEAR	+0.0851%	1h	4.5047	−0.629%	$424K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.0894%	1h	4.4976	−0.784%	$6K	$6K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.1340%	1h	4.5273	−0.130%	$1.1M	$7.2M	20x	as long as short
Polymarket Perps NEAR-USD	+0.1424%	1h	4.5318	−0.031%	$190K	$4.1M	10x	as long as short
Deribit NEAR_USDC-PERPETUALlong	+0.1496%	1h	4.5332	long leg	$2.0M	$13.0M	25x