NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0596%/8h= +65.3% APRnext payment +$0.75 per $10,000 · paid last 24h +0.124%

Price spread now: Deribit against dYdX+0.201%7-day average +0.103% · you sell dearer than you buy

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$78as in the Price arb table

costs, in and out, $10k−$880.877% of the position

Long on dYdX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.586%+$59 on $10k

Price spread, last 4 days (all we have)+0.932%+$93 · spread now +0.201%, 7d avg +0.103%

Together, before fees+1.518%+$152 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Deribit is 0.098% dearer against dYdX than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.103%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX NEAR-USD	4.3659	0	get 0.0000% / 1h	37m 00s	$107K	$67K	10x
Short	Deribit NEAR_USDC-PERPETUAL	4.3747	0.0596	get 0.0075% / 1h	37m 00s	$1.9M	$13.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.201%Rate

Funding earned: $125.16
Price spread: +0.201% → +0.103%: $9.84
Slippage, 4 orders: −$70.74
Fee dYdX: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $47.26
Costs to cover: 0.877%
Break-even: 4.4 days

Slippage from dYdX: live order book, 62 min ago; Deribit: 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, 62 min ago	28.93 bp	40.6 bp −$41	100.1 bp −$1,001	210.3 bp −$21.0K	681.3 bp −$340.6K
Sell Deribit live order book, 2 min ago	3.09 bp	6.6 bp −$7	13.5 bp −$135	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
Kraken Futures PF_NEARUSD	−0.0432%	1h	4.3712	+0.120%	$7.2M	$38.7M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.3715	+0.128%	$2K	—	20x	as long as short
dYdX NEAR-USDlong	0.0000%	1h	4.3659	long leg	$107K	$67K	10x
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3703	+0.100%	$164K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.152%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3740	+0.185%	$119K	$504K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.3703	+0.099%	$2.7M	$4.8M	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3694	+0.080%	$220.2M	$428.1M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3680	+0.047%	$61.6M	$295.5M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3810	+0.345%	$221K	$1.5M	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NEAR_USDT	+0.0100%	8h	4.3687	+0.063%	$36.5M	$62.1M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3730	+0.162%	$52.6M	$45.5M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3695	+0.082%	$72.1M	$127.9M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3698	+0.088%	$9.0M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3747	+0.201%	$254K	$893K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3650	−0.021%	$1.4M	$1.6M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3740	+0.185%	$165K	$826K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3735	+0.173%	$273K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3719	+0.137%	$56K	$239K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3860	+0.460%	$2K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3720	+0.139%	$5K	$50K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3730	+0.162%	$3.5M	$8.1M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3708	+0.112%	$252K	$3K	10x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3647	−0.028%	$32K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3693	+0.078%	$3.6M	$15.7M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3726	+0.152%	$203K	$40K	3x	as long as short
MEXC NEAR_USDT	+0.0107%	8h	4.3710	+0.116%	$90.7M	$157.1M	200x	as long as short
Binance NEARUSDT	+0.0108%	8h	4.3710	+0.117%	$263.8M	$1.09B	75x	as long as short
BingX NEAR-USDT	+0.0118%	8h	4.3700	+0.093%	—	$83.5M	—	as long as short
Kalshi KXNEARPERP	+0.0147%	8h	4.3739	+0.183%	$866K	$25.5M	2.2x	as long as short
Hyperliquid NEAR	+0.0213%	1h	4.3764	+0.240%	$353.6M	$316.2M	10x	as long as short
BloFin NEAR-USDT	+0.0228%	8h	4.3750	+0.208%	$12.5M	$32.4M	75x	as long as short
Nado NEAR-PERP	+0.0278%	1h	4.3731	+0.163%	$1.7M	$3.2M	10x	as long as short
01 Exchange NEARUSD	+0.0320%	1h	4.3827	+0.384%	$13K	$7K	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0352% / S −0.0255%	1h	4.3702	+0.098%	$257K	—	100x	as long as short
HTX NEAR-USDT	+0.0378%	8h	4.3790	+0.299%	$463K	$3.7M	75x	as long as short
Lighter RH NEAR	+0.0448%	1h	4.3778	+0.272%	$1.5M	$6.4M	10x	as long as short
Lighter NEAR	+0.0472%	1h	4.3766	+0.245%	$17.3M	$23.9M	15x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.3820	+0.368%	$2.3M	$17.2M	50x	as long as short
Backpack NEAR_USDC_PERP	+0.0526%	1h	4.3747	+0.201%	$1.1M	$7.1M	20x	as long as short
Deribit NEAR_USDC-PERPETUALshort	+0.0596%	1h	4.3747	+0.201%	$1.9M	$13.1M	25x
RISEx NEAR/USDC	+0.0656%	1h	4.3796	+0.313%	$595K	$1.5M	10x	as long as short
Pacifica NEAR	+0.0701%	1h	4.3686	+0.061%	$412K	$1.4M	10x	as long as short
Phoenix NEAR	+0.0740%	1h	4.3762	+0.235%	$1.8M	$2.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1053%	1h	4.3798	+0.319%	$5K	$7K	10x	as long as short