NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0964%/8h= +105.6% APRnext payment +$1.21 per $10,000 · paid last 24h +0.080%

Price spread now: Deribit against Polymarket Perps+0.291%7-day average +0.057% · you sell dearer than you buy

Net, funding: paid 7d − costs+$11as in the Funding arb table

Net, price: spread back to 7d avg − costs−$5as in the Price arb table

costs, in and out, $10k−$290.285% of the position

Long on Polymarket Perps Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.394%+$39 on $10k

Price spread, last 4 days (all we have)−0.057%−$6 · spread now +0.291%, 7d avg +0.057%

Together, before fees+0.337%+$34 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$29 a day on $10k at the current rate, and Deribit is 0.234% dearer against Polymarket Perps than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of +0.057%.

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 +$1.21 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	Polymarket Perps NEAR-USD	4.3295	0.0100	pay 0.0013% / 1h	55m 11s	$280K	$4.1M	10x
Short	Deribit NEAR_USDC-PERPETUAL	4.3421	0.1064	get 0.0133% / 1h	55m 11s	$1.9M	$13.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Polymarket Perps. 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 Polymarket PerpsbpFee DeribitbpOrdersPrice spread, now +0.291%Rate

Funding earned: $202.44
Price spread: +0.291% → +0.057%: $23.38
Slippage, 4 orders: −$13.52
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $197.3
Costs to cover: 0.285%
Break-even: 0.2 days

Slippage from Polymarket Perps: live order book, 4 min ago; Deribit: 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 Polymarket Perps live order book, 4 min ago	2.09 bp	6.2 bp −$6	9.1 bp −$91	doesn't fit	doesn't fit
Sell Deribit live order book, 4 min ago	3.82 bp	7.3 bp −$7	14.4 bp −$144	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	4.3265	−0.069%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3192	−0.237%	$106K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3348	+0.123%	$162K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0017%	1h	4.3366	+0.165%	$7.1M	$38.3M	50x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.354%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3280	−0.035%	$105K	$492K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3370	+0.173%	$219.1M	$431.3M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3370	+0.173%	$61.1M	$292.0M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3150	−0.334%	$246K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3345	+0.115%	$35.4M	$61.6M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NEARUSDTM	+0.0100%	8h	4.3350	+0.127%	$52.5M	$45.9M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3386	+0.210%	$71.8M	$128.2M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3187	−0.249%	$8.6M	$18.7M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3229	−0.154%	$251K	$897K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3233	−0.142%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3220	−0.173%	$163K	$804K	50x	as long as short
Polymarket Perps NEAR-USDlong	+0.0100%	1h	4.3295	long leg	$280K	$4.1M	10x
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3400	+0.243%	$58K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3460	+0.381%	$2K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3385	+0.208%	$5K	$53K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3460	+0.381%	$460K	$3.8M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3390	+0.219%	$3.6M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.3238	−0.131%	$31K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3374	+0.182%	$3.6M	$17.7M	25x	as long as short
Aevo NEAR-PERP	+0.0136%	1h	4.3384	+0.205%	$202K	$38K	3x	as long as short
BingX NEAR-USDT	+0.0202%	8h	4.3370	+0.173%	—	$145.0M	—	as long as short
Kalshi KXNEARPERP	+0.0206%	8h	4.3406	+0.256%	$944K	$25.1M	2.2x	as long as short
MEXC NEAR_USDT	+0.0214%	8h	4.3340	+0.104%	$77.0M	$148.1M	200x	as long as short
Binance NEARUSDT	+0.0215%	8h	4.3400	+0.243%	$263.7M	$1.09B	75x	as long as short
Aster NEARUSDT	+0.0241%	8h	4.3388	+0.215%	$2.7M	$4.8M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0314% / S −0.0201%	1h	4.3187	−0.251%	$231K	—	100x	as long as short
BloFin NEAR-USDT	+0.0335%	8h	4.3430	+0.312%	$13.4M	$32.1M	75x	as long as short
01 Exchange NEARUSD	+0.0384%	1h	4.3307	+0.028%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0386%	1h	4.3275	−0.046%	$1.6M	$3.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0407%	1h	4.3242	−0.122%	$1.3M	$7.0M	20x	as long as short
Hyperliquid NEAR	+0.0472%	1h	4.3311	+0.037%	$351.1M	$315.7M	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.3457	+0.374%	$2.3M	$16.7M	50x	as long as short
Arcus NEAR-USD	+0.0638%	1h	4.3310	+0.035%	$228K	$1.6M	10x	as long as short
Lighter RH NEAR	+0.0728%	1h	4.3434	+0.321%	$1.5M	$6.6M	10x	as long as short
Lighter NEAR	+0.0768%	1h	4.3438	+0.330%	$17.1M	$24.9M	15x	as long as short
Pacifica NEAR	+0.0949%	1h	4.3258	−0.086%	$407K	$1.5M	10x	as long as short
RISEx NEAR/USDC	+0.0965%	1h	4.3309	+0.033%	$650K	$1.4M	10x	as long as short
Phoenix NEAR	+0.1003%	1h	4.3206	−0.206%	$1.8M	$2.4M	10x	as long as short
Deribit NEAR_USDC-PERPETUALshort	+0.1064%	1h	4.3421	+0.291%	$1.9M	$13.0M	25x
Aftermath Perps NEARUSD	+0.1270%	1h	4.3293	−0.006%	$5K	$12K	10x	as long as short