NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.026%

Price spread now: Bulk against dYdX+0.276%7-day average +0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$119as in the Price arb table

costs, in and out, $10k−$1441.444% of the position

Long on dYdX Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.105%+$10 on $10k

Price spread, last 4 days (all we have)+0.115%+$11 · spread now +0.276%, 7d avg +0.021%

Together, before fees+0.219%+$22 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Bulk is 0.256% dearer against dYdX than usual: you sell high and buy low: +$26 more if the spread goes back to its 7-day average of +0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX NEAR-USD	4.2717	0	get 0.0000% / 1h	47m 19s	$105K	$68K	10x
Short	Bulk NEAR-USD	4.2835	0.0100	get 0.0013% / 1h	47m 19s	$244K	−$0	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against dYdX. 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 dYdXbpFee BulkbpOrdersPrice spread, now +0.276%Rate

Funding earned: $21
Price spread: +0.276% → +0.021%: $25.57
Slippage, 4 orders: −$127.36
Fee dYdX: 5 bp × 2 orders: −$10
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$97.79
Costs to cover: 1.444%
Break-even: 39.6 days

Slippage from dYdX: live order book, 2 min ago; Bulk: 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 dYdX live order book, 2 min ago	43.23 bp	48.3 bp −$48	75.6 bp −$756	124.6 bp −$12.5K	192.7 bp −$96.4K
Sell Bulk live order book, 2 min ago	11.67 bp	15.2 bp −$15	15.2 bp −$152	15.2 bp −$1,517	32.9 bp −$16.4K

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	+0.004%	$2K	—	20x	as long as short
dYdX NEAR-USDlong	0.0000%	1h	4.2717	long leg	$105K	$68K	10x
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.2719	+0.003%	$160K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.060%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2750	+0.077%	$111K	$500K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2785	+0.160%	$260.9M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.2744	+0.062%	$212.3M	$423.1M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2760	+0.100%	$60.2M	$284.5M	50x	as long as short
Bulk NEAR-USDshort	+0.0100%	1h	4.2835	+0.276%	$244K	−$0	10x
Gate NEAR_USDT	+0.0100%	8h	4.2725	+0.018%	$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	+0.147%	$70.3M	$142.5M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2780	+0.147%	$52.9M	$45.7M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2748	+0.072%	$70.7M	$127.6M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.2750	+0.077%	—	$6.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.2828	+0.258%	$8.2M	$18.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2870	+0.358%	$250K	$950K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2882	+0.387%	$1.4M	$1.5M	10x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2758	+0.095%	$263K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2775	+0.135%	$56K	$243K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2910	+0.451%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.2840	+0.287%	$459K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2790	+0.170%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.2735	+0.042%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2765	+0.112%	$199K	$37K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2900	+0.428%	$13.4M	$31.7M	75x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0256%	1h	4.2768	+0.119%	$2.3M	$15.8M	50x	as long as short
Kalshi KXNEARPERP	+0.0271%	8h	4.2802	+0.198%	$834K	$24.5M	2.2x	as long as short
Nado NEAR-PERP	+0.0314%	1h	4.2741	+0.055%	$1.7M	$3.2M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0320% / S −0.0195%	1h	4.2716	−0.003%	$229K	—	100x	as long as short
Aster NEARUSDT	+0.0337%	8h	4.2760	+0.100%	$2.8M	$5.4M	50x	as long as short
ApeX Omni NEARUSDT	+0.0347%	1h	4.2880	+0.381%	$165K	$794K	50x	as long as short
Extended NEAR-USD	+0.0504%	1h	4.2719	+0.004%	$3.7M	$19.9M	25x	as long as short
SoDEX NEAR-USD	+0.0583%	1h	4.2755	+0.088%	$6K	$53K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0657%	1h	4.2787	+0.163%	$1.3M	$6.8M	20x	as long as short
Hyperliquid NEAR	+0.0666%	1h	4.2771	+0.126%	$349.5M	$311.4M	10x	as long as short
01 Exchange NEARUSD	+0.0728%	1h	4.2818	+0.236%	$13K	$7K	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0739%	1h	4.2769	+0.121%	$7.5M	$38.7M	50x	as long as short
Lighter NEAR	+0.0768%	1h	4.2799	+0.191%	$16.7M	$25.0M	15x	as long as short
Arcus NEAR-USD	+0.0814%	1h	4.2790	+0.170%	$210K	$1.6M	10x	as long as short
Pacifica NEAR	+0.0847%	1h	4.2755	+0.089%	$391K	$1.3M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0990%	1h	4.2795	+0.182%	$1.9M	$10.8M	25x	as long as short
Lighter RH NEAR	+0.1008%	1h	4.2807	+0.210%	$1.5M	$7.3M	10x	as long as short
Phoenix NEAR	+0.1033%	1h	4.2961	+0.570%	$1.8M	$2.5M	10x	as long as short
RISEx NEAR/USDC	+0.1220%	1h	4.2767	+0.115%	$685K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1471%	1h	4.2799	+0.190%	$5K	$12K	10x	as long as short