Funding you earn now, next payment 00:00 UTC+0.0465%/8h= +50.9% APRnext payment +$0.58 per $10,000 · paid last 24h −0.006%
Price spread now: Deribit against Injective+3.410%63s7-day average −1.002% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.295%+$30 on $10k
+Price spread, last 3 days (all we have)−5.505%−$551 · spread now +3.410%, 7d avg −1.002%
=Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Deribit is 4.412% dearer against Injective than usual: you sell high and buy low: +$441 more if the spread goes back to its 7-day average of −1.002%. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.295% in total (about 15.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.58 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 | Injective NEAR/USDC PERP | 4.1410 | 0.0033 | pay 0.0004% / 1h | 39m 56s | $578 | $302K | 12x |
| Short | Deribit NEAR_USDC-PERPETUAL | 4.2822 | 0.0498 | get 0.0062% / 1h | 39m 56s | $1.9M | $2.3M | 25x |
Injective NEAR/USDC PERP
Deribit NEAR_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Injective. 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
- $97.58
- Price spread: +3.410% → −1.002%
- $441.16
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $531.72
- Costs to cover
- 0.070%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Deribit: live order book, 4 min ago. Net counts fees only.
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 Injective no order-book sample | — | — | — | — | — |
| Sell Deribit live order book, 4 min ago | 2.46 bp | 6.0 bp −$6 | 13.4 bp −$134 | doesn't fit | doesn't fit |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 4.2775 | +3.296% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0072% | 1h | 4.2695 | +3.103% | $2.2M | $13.0M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.2677 | +3.059% | $111K | $59K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.2676 | +3.057% | $393K | $18.5M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.2792 | +3.337% | $203K | — | 150x | as long as short |
| Injective NEAR/USDC PERPlong | +0.0033% | 1h | 4.1410 | long leg | $578 | $302K | 12x | |
| Bybit NEARUSDT | +0.0083% | 8h | 4.2723 | +3.171% | $219.0M | $422.0M | 75x | as long as short |
| Variational Omni NEAR | +0.0087% | 8h | 4.2660 | +3.018% | $7.8M | $18.2M | — | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.2800 | +3.357% | $109K | $496K | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.2721 | +3.165% | $31K | $647 | 10x | as long as short |
Reya NEARRUSDPERP
Coinbase International NEAR-PERP-INTX
dYdX NEAR-USD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
Bybit NEARUSDT
Variational Omni NEAR
Popdex NEARUSDT
Paradex NEAR-USD-PERPShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster NEARUSDT | +0.0100% | 8h | 4.2774 | +3.294% | $3.0M | $5.7M | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.2702 | +3.120% | $402K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.2750 | +3.236% | $253.2M | $1.07B | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.2730 | +3.188% | $61.0M | $285.4M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.2750 | +3.236% | $202K | $1.8M | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.2674 | +3.053% | $243K | $2K | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.2750 | +3.236% | $30.1M | $59.0M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.2740 | +3.212% | $78.3M | $141.1M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.2770 | +3.284% | $55.9M | $43.5M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.2721 | +3.166% | $71.0M | $126.2M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.2750 | +3.236% | — | $138.9M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.2703 | +3.123% | $243K | $1.2M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.2680 | +3.067% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.2710 | +3.139% | $178K | $791K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.2831 | +3.432% | $199K | $3.4M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.2787 | +3.325% | $57K | $194K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.2830 | +3.429% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.2760 | +3.260% | $13K | $50K | 10x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.2780 | +3.308% | $3.9M | $8.4M | 50x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.2717 | +3.156% | $3.9M | $15.9M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.2777 | +3.300% | $206K | $62K | 3x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0118% | 1h | 4.2788 | +3.328% | $7.6M | $37.1M | 50x | as long as short |
| 01 Exchange NEARUSD | +0.0152% | 1h | 4.2809 | +3.378% | $13K | $7K | 10x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.2700 | +3.115% | $13.0M | $30.7M | 75x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0375% / S −0.0313% | 1h | 4.2792 | +3.337% | $274K | — | 100x | as long as short |
| Lighter RH NEAR | +0.0376% | 1h | 4.2816 | +3.395% | $1.5M | $7.0M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0404% | 1h | 4.2820 | +3.404% | $413K | $1.2M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0437% | 1h | 4.2795 | +3.345% | $1.4M | $5.6M | 20x | as long as short |
| Phoenix NEAR | +0.0463% | 1h | 4.2717 | +3.156% | $1.8M | $2.7M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUALshort | +0.0498% | 1h | 4.2822 | +3.410% | $1.9M | $2.3M | 25x | |
| Nado NEAR-PERP | +0.0766% | 1h | 4.2765 | +3.272% | $1.9M | $3.4M | 10x | as long as short |
| HTX NEAR-USDT | +0.0857% | 8h | 4.2880 | +3.550% | $459K | $3.7M | 75x | as long as short |
| Hyperliquid NEAR | +0.0985% | 1h | 4.2820 | +3.405% | $367.9M | $299.4M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1191% | 1h | 4.2806 | +3.371% | $5K | $11K | 10x | as long as short |
| Lighter NEAR | +0.1800% | 1h | 4.2878 | +3.546% | $16.5M | $23.7M | 15x | as long as short |
Aster NEARUSDT
Pacifica NEAR
Binance NEARUSDT
OKX NEAR-USDT-SWAP
Arcus NEAR-USD
Bulk NEAR-USD
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDT
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
SoDEX NEAR-USD
Phemex NEARUSDT
Extended NEAR-USD
Aevo NEAR-PERP
Kraken Futures PF_NEARUSD
01 Exchange NEARUSD
BloFin NEAR-USDT
GMX NEAR/USD [ETH-USDC]
Lighter RH NEAR
RISEx NEAR/USDC
Backpack NEAR_USDC_PERP
Phoenix NEAR
Nado NEAR-PERP
HTX NEAR-USDT
Hyperliquid NEAR
Aftermath Perps NEARUSD
Lighter NEAR