NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0480%/8h= −52.6% APRnext payment −$0.60 per $10,000 · paid last 24h −0.093%

Price spread now: Polymarket Perps against Nado+0.029%7-day average −0.012% · 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−$22as in the Price arb table

costs, in and out, $10k−$260.265% of the position

Long on Nado Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.107%−$11 on $10k

Price spread, last 7 days−0.149%−$15 · spread now +0.029%, 7d avg −0.012%

Together, before fees−0.256%+ Points / potential airdropNado: Active · farm board−$26 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.040% dearer against Nado than usual: you sell high and buy low (spread +0.029% now, against its 7-day average of −0.012%): +$4 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 7 hours. At the pace of the last 3 days (−0.107% in total) that is about 31 hours.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.107% in total (about -11.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.60 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	Nado NEAR-PERP	4.4594	0.0580	pay 0.0073% / 1h	39m 46s	$1.7M	$3.2M	10x
Short	Polymarket Perps NEAR-USD	4.4607	0.0100	get 0.0013% / 1h	39m 46s	$294K	$4.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Nado. 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 NadobpFee Polymarket PerpsbpOrdersPrice spread, now +0.029%Rate

Funding earned: −$100.87
Price spread: +0.029% → −0.012%: $4.03
Slippage, 4 orders: −$11.48
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$123.33
Costs to cover: 0.265%
Break-even: never at this rate

Slippage from Nado: live order book, 4 min ago; Polymarket Perps: live order book, 4 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 Nado live order book, 4 min ago	0.11 bp	6.2 bp −$6	13.8 bp −$138	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 4 min ago	2.45 bp	7.5 bp −$8	9.7 bp −$97	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	4.4558	−0.081%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4644	+0.111%	$110K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4563	−0.070%	$168K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.140%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4640	+0.103%	$111K	$494K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4604	+0.022%	$226.2M	$435.7M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4600	+0.013%	$62.9M	$300.0M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.5008	+0.928%	$256K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4453	−0.317%	$35.3M	$60.6M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4480	−0.256%	$52.7M	$46.0M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NEARUSDT	+0.0100%	8h	4.4610	+0.035%	$73.9M	$127.9M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4927	+0.746%	$9.1M	$18.5M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4779	+0.414%	$262K	$967K	20x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4740	+0.327%	$168K	$804K	50x	as long as short
Polymarket Perps NEAR-USDshort	+0.0100%	1h	4.4607	+0.029%	$294K	$4.0M	10x
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4486	−0.243%	$58K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4520	−0.167%	$1K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4560	−0.077%	$464K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4460	−0.301%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0106%	8h	4.4600	+0.013%	$32K	$585	10x	as long as short
GRVT NEAR_USDT_Perp	+0.0124%	8h	4.4854	+0.582%	$1.5M	$1.5M	10x	as long as short
Aevo NEAR-PERP	+0.0128%	1h	4.4528	−0.150%	$207K	$40K	3x	as long as short
SoDEX NEAR-USD	+0.0175%	1h	4.4447	−0.330%	$5K	$53K	10x	as long as short
BingX NEAR-USDC	+0.0185%	8h	4.4620	+0.058%	—	$6.7M	—	as long as short
MEXC NEAR_USDT	+0.0189%	8h	4.4680	+0.192%	$83.9M	$146.3M	200x	as long as short
Binance NEARUSDT	+0.0190%	8h	4.4597	+0.006%	$271.5M	$1.09B	75x	as long as short
Kalshi KXNEARPERP	+0.0292%	8h	4.4525	−0.155%	$1.1M	$25.1M	2.2x	as long as short
Extended NEAR-USD	+0.0296%	1h	4.4594	0.000%	$3.7M	$18.8M	25x	as long as short
BloFin NEAR-USDT	+0.0310%	8h	4.4790	+0.439%	$13.6M	$33.0M	75x	as long as short
Aster NEARUSDT	+0.0330%	8h	4.4554	−0.090%	$2.9M	$5.0M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0335% / S −0.0229%	1h	4.4554	−0.090%	$256K	—	100x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0424%	1h	4.4520	−0.167%	$2.3M	$16.5M	50x	as long as short
01 Exchange NEARUSD	+0.0472%	1h	4.4667	+0.163%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0543%	1h	4.4493	−0.228%	$365.8M	$309.7M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0548%	1h	4.4495	−0.223%	$1.4M	$6.7M	20x	as long as short
Nado NEAR-PERPlong	+0.0580%	1h	4.4594	long leg	$1.7M	$3.2M	10x
Kraken Futures PF_NEARUSD	+0.0657%	1h	4.4424	−0.383%	$7.4M	$38.5M	50x	as long as short
Arcus NEAR-USD	+0.0880%	1h	4.4690	+0.215%	$227K	$1.6M	10x	as long as short
Lighter NEAR	+0.0960%	1h	4.4597	+0.007%	$17.5M	$24.8M	15x	as long as short
Lighter RH NEAR	+0.1000%	1h	4.4664	+0.156%	$1.5M	$6.7M	10x	as long as short
Phoenix NEAR	+0.1003%	1h	4.5134	+1.210%	$1.9M	$2.5M	10x	as long as short
Pacifica NEAR	+0.1187%	1h	4.4569	−0.057%	$411K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1259%	1h	4.4754	+0.358%	$6K	$12K	10x	as long as short
RISEx NEAR/USDC	+0.1259%	1h	4.4685	+0.203%	$669K	$1.4M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1347%	1h	4.4521	−0.164%	$1.9M	$12.4M	25x	as long as short