Funding you earn now, next payment 10:00 UTC−0.0825%/8h= −90.3% APRpaid last 24h −0.115%
Price spread now: KuCoin against Deribit−0.027%7-day average −0.057% · you buy dearer than you sell
Net, funding: paid 7d − costs−$90as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$480.476% of the position
Funding, last 7 days−0.428%−$43 on $10k
+Price spread, last 4 days (all we have)−0.513%−$51 · spread now −0.027%, 7d avg −0.057%
=The price spread pays, funding is against you. KuCoin is 0.031% dearer against Deribit than usual: you sell high and buy low (spread −0.027% now, against its 7-day average of −0.057%): +$3 on $10k if it goes back. Holding the pair costs −$25 a day in funding at the current rate, which eats that in about 3 hours. At the pace of the last 7 days (−0.428% in total) that is about 12 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.428% in total (about -22.3% a year). A funding rate is set anew for every payment. 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 | 4.5162 | 0.0925 | pay 0.0116% / 1h | 0m 02s | $1.9M | $13.0M | 25x |
| Short | KuCoin NEARUSDTM | 4.5150 | 0.0100 | get 0.0100% / 8h | 6h 00m | $53.6M | $44.7M | 75x |
Deribit NEAR_USDC-PERPETUAL
KuCoin NEARUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Deribit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$173.25
- Price spread: −0.027% → −0.057%
- $3.05
- Slippage, 4 orders
- −$28.63
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$217.82
- Costs to cover
- 0.476%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 2 min ago; KuCoin: 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 | 4.34 bp | 7.8 bp −$8 | 15.7 bp −$157 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 2 min ago | 1.11 bp | 15.8 bp −$16 | 38.5 bp −$385 | 111.7 bp −$11.2K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya NEARRUSDPERP | −0.0171% | 1h | 4.5099 | −0.139% | $2K | — | 20x | as long as short |
| Kraken Futures PF_NEARUSD | −0.0140% | 1h | 4.5102 | −0.133% | $7.5M | $37.7M | 50x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.5086 | −0.168% | $814K | $26.3M | 2.2x | as long as short |
| dYdX NEAR-USD | +0.0002% | 1h | 4.5056 | −0.235% | $110K | $53K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.5009 | −0.339% | $169K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −8.308% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.5050 | −0.248% | $124K | $520K | 50x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.5168 | +0.014% | $2.7M | $4.8M | 50x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.5130 | −0.070% | $274.3M | $1.10B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.5132 | −0.066% | $233.6M | $431.8M | 75x | as long as short |
Reya NEARRUSDPERP
Kraken Futures PF_NEARUSD
Kalshi KXNEARPERP
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Aster NEARUSDT
Binance NEARUSDT
Bybit NEARUSDTShow all 45 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.5120 | −0.093% | $64.6M | $305.8M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.5090 | −0.159% | $228K | $1.4M | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.5100 | −0.137% | $269K | $12K | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.5120 | −0.093% | $40.0M | $64.1M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.5150 | −0.027% | $77.3M | $173.2M | 200x | as long as short |
| KuCoin NEARUSDTMshort | +0.0100% | 8h | 4.5150 | −0.027% | $53.6M | $44.7M | 75x | |
| Bitget NEARUSDT | +0.0100% | 8h | 4.5126 | −0.080% | $74.8M | $129.2M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.5140 | −0.049% | — | $6.7M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.5024 | −0.305% | $8.9M | $17.2M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.5052 | −0.244% | $266K | $870K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.5020 | −0.314% | $1.5M | $1.7M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.5050 | −0.248% | $168K | $828K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.5092 | −0.155% | $282K | $4.0M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.5098 | −0.142% | $58K | $269K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.5170 | +0.018% | $1K | $1.3M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.5125 | −0.082% | $5K | $40K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.5170 | +0.018% | $468K | $3.9M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.5110 | −0.115% | $3.4M | $7.9M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0102% | 8h | 4.5073 | −0.197% | $33K | $51 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.5110 | −0.115% | $3.8M | $15.1M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.5095 | −0.149% | $210K | $38K | 3x | as long as short |
| 01 Exchange NEARUSD | +0.0192% | 1h | 4.5067 | −0.210% | $13K | $5K | 10x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.5100 | −0.137% | $12.9M | $32.9M | 75x | as long as short |
| Hyperliquid NEAR | +0.0311% | 1h | 4.5183 | +0.046% | $364.5M | $318.4M | 10x | as long as short |
| Lighter NEAR | +0.0312% | 1h | 4.5176 | +0.031% | $17.6M | $24.0M | 15x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0342% / S −0.0235% | 1h | 4.5077 | −0.188% | $259K | — | 100x | as long as short |
| Nado NEAR-PERP | +0.0374% | 1h | 4.5040 | −0.270% | $1.7M | $3.1M | 10x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0520% | 1h | 4.5211 | +0.108% | $2.4M | $18.0M | 50x | as long as short |
| RISEx NEAR/USDC | +0.0569% | 1h | 4.5036 | −0.278% | $639K | $1.6M | 10x | as long as short |
| Lighter RH NEAR | +0.0600% | 1h | 4.5182 | +0.044% | $1.6M | $6.1M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0701% | 1h | 4.5176 | +0.031% | $1.1M | $7.0M | 20x | as long as short |
| Phoenix NEAR | +0.0851% | 1h | 4.5120 | −0.093% | $1.7M | $2.5M | 10x | as long as short |
| Pacifica NEAR | +0.0883% | 1h | 4.5086 | −0.169% | $419K | $1.4M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUALlong | +0.0925% | 1h | 4.5162 | long leg | $1.9M | $13.0M | 25x | |
| Aftermath Perps NEARUSD | +0.1190% | 1h | 4.5052 | −0.243% | $6K | $6K | 10x | as long as short |
OKX NEAR-USDT-SWAP
Arcus NEAR-USD
Bulk NEAR-USD
Gate NEAR_USDT
MEXC NEAR_USDT
Bitget NEARUSDT
BingX NEAR-USDC
Variational Omni NEAR
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
SoDEX NEAR-USD
HTX NEAR-USDT
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Extended NEAR-USD
Aevo NEAR-PERP
01 Exchange NEARUSD
BloFin NEAR-USDT
Hyperliquid NEAR
Lighter NEAR
GMX NEAR/USD [ETH-USDC]
Nado NEAR-PERP
Coinbase International NEAR-PERP-INTX
RISEx NEAR/USDC
Lighter RH NEAR
Backpack NEAR_USDC_PERP
Phoenix NEAR
Pacifica NEAR
Aftermath Perps NEARUSD