Funding you earn now, next payment 07:00 UTC−0.0917%/8h= −100.4% APRnext payment −$1.15 per $10,000 · paid last 24h −0.080%
Price spread now: Polymarket Perps against Deribit−0.071%7-day average −0.057% · you buy dearer than you sell
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$270.271% of the position
Funding, last 7 days−0.394%−$39 on $10k
+Price spread, last 4 days (all we have)−0.163%−$16 · spread now −0.071%, 7d avg −0.057%
=The price spread sits at its 7-day average of −0.057%, so right now this pair is about funding alone: −$28 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.394% in total (about -20.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.15 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 | 4.5031 | 0.1017 | pay 0.0127% / 1h | 41m 52s | $2.0M | $12.3M | 25x |
| Short | Polymarket Perps NEAR-USD | 4.4999 | 0.0100 | get 0.0013% / 1h | 41m 52s | $281K | $4.0M | 10x |
Deribit NEAR_USDC-PERPETUAL
Polymarket Perps NEAR-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- −$192.57
- Price spread: −0.071% → −0.057%
- −$1.39
- Slippage, 4 orders
- −$12.07
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$221.03
- Costs to cover
- 0.271%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 2 min ago; Polymarket Perps: live order book, 7 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 | 2.56 bp | 6.1 bp −$6 | 15.5 bp −$155 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 7 min ago | 0.11 bp | 10.2 bp −$10 | 15.6 bp −$156 | 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 | 4.5000 | −0.068% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.4926 | −0.232% | $111K | $68K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.4981 | −0.110% | $169K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −8.041% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.4990 | −0.091% | $112K | $494K | 50x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.4997 | −0.076% | $231.6M | $429.8M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.4980 | −0.113% | $63.6M | $302.2M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.5008 | −0.051% | $256K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.4900 | −0.291% | $35.1M | $60.2M | 75x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.4940 | −0.202% | $53.7M | $45.9M | 75x | as long as short |
Reya NEARRUSDPERP
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Bulk NEAR-USD
Gate NEAR_USDT
KuCoin NEARUSDTMShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget NEARUSDT | +0.0100% | 8h | 4.4932 | −0.220% | $74.5M | $127.2M | 75x | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.4687 | −0.764% | $9.0M | $18.5M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.4779 | −0.559% | $262K | $967K | 20x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.4740 | −0.646% | $168K | $804K | 50x | as long as short |
| Polymarket Perps NEAR-USDshort | +0.0100% | 1h | 4.4999 | −0.071% | $281K | $4.0M | 10x | |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.5022 | −0.020% | $59K | $235K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.5070 | +0.087% | $2K | $1.3M | 20x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.5100 | +0.153% | $469K | $3.9M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.4950 | −0.180% | $3.7M | $8.3M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0107% | 8h | 4.4960 | −0.157% | $32K | $585 | 10x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0123% | 8h | 4.4756 | −0.611% | $1.5M | $1.5M | 10x | as long as short |
| Aevo NEAR-PERP | +0.0128% | 1h | 4.5034 | +0.006% | $209K | $40K | 3x | as long as short |
| BingX NEAR-USDC | +0.0176% | 8h | 4.4980 | −0.113% | — | $6.7M | — | as long as short |
| MEXC NEAR_USDT | +0.0184% | 8h | 4.4960 | −0.158% | $86.2M | $145.6M | 200x | as long as short |
| Binance NEARUSDT | +0.0187% | 8h | 4.4971 | −0.132% | $273.8M | $1.09B | 75x | as long as short |
| SoDEX NEAR-USD | +0.0205% | 1h | 4.4900 | −0.291% | $5K | $52K | 10x | as long as short |
| Kalshi KXNEARPERP | +0.0293% | 8h | 4.4945 | −0.191% | $1.1M | $25.0M | 2.2x | as long as short |
| BloFin NEAR-USDT | +0.0305% | 8h | 4.4830 | −0.446% | $13.6M | $33.1M | 75x | as long as short |
| Extended NEAR-USD | +0.0320% | 1h | 4.4910 | −0.268% | $3.7M | $18.8M | 25x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0336% / S −0.0229% | 1h | 4.4991 | −0.089% | $258K | — | 100x | as long as short |
| Aster NEARUSDT | +0.0338% | 8h | 4.4970 | −0.135% | $2.9M | $5.0M | 50x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0424% | 1h | 4.5012 | −0.042% | $2.3M | $16.6M | 50x | as long as short |
| 01 Exchange NEARUSD | +0.0480% | 1h | 4.4985 | −0.102% | $13K | $7K | 10x | as long as short |
| Nado NEAR-PERP | +0.0538% | 1h | 4.5020 | −0.024% | $1.8M | $3.2M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0582% | 1h | 4.4959 | −0.160% | $1.3M | $6.5M | 20x | as long as short |
| Hyperliquid NEAR | +0.0592% | 1h | 4.4976 | −0.122% | $370.6M | $310.9M | 10x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0649% | 1h | 4.4960 | −0.158% | $7.5M | $38.3M | 50x | as long as short |
| Arcus NEAR-USD | +0.0880% | 1h | 4.4980 | −0.113% | $229K | $1.6M | 10x | as long as short |
| Lighter RH NEAR | +0.0992% | 1h | 4.5037 | +0.013% | $1.5M | $6.7M | 10x | as long as short |
| Phoenix NEAR | +0.1003% | 1h | 4.4991 | −0.089% | $1.9M | $2.5M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUALlong | +0.1017% | 1h | 4.5031 | long leg | $2.0M | $12.3M | 25x | |
| Lighter NEAR | +0.1040% | 1h | 4.5049 | +0.041% | $17.7M | $24.7M | 15x | as long as short |
| Pacifica NEAR | +0.1187% | 1h | 4.4955 | −0.169% | $414K | $1.4M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1225% | 1h | 4.4771 | −0.578% | $6K | $12K | 10x | as long as short |
| RISEx NEAR/USDC | +0.1259% | 1h | 4.4984 | −0.103% | $674K | $1.4M | 10x | as long as short |
Bitget NEARUSDT
Variational Omni NEAR
edgeX NEARUSDC
ApeX Omni NEARUSDT
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
HTX NEAR-USDT
Phemex NEARUSDT
Paradex NEAR-USD-PERP
GRVT NEAR_USDT_Perp
Aevo NEAR-PERP
BingX NEAR-USDC
MEXC NEAR_USDT
Binance NEARUSDT
SoDEX NEAR-USD
Kalshi KXNEARPERP
BloFin NEAR-USDT
Extended NEAR-USD
GMX NEAR/USD [ETH-USDC]
Aster NEARUSDT
Coinbase International NEAR-PERP-INTX
01 Exchange NEARUSD
Nado NEAR-PERP
Backpack NEAR_USDC_PERP
Hyperliquid NEAR
Kraken Futures PF_NEARUSD
Arcus NEAR-USD
Lighter RH NEAR
Phoenix NEAR
Lighter NEAR
Pacifica NEAR
Aftermath Perps NEARUSD
RISEx NEAR/USDC