NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.1259%/8h= +137.9% APRnext payment +$1.57 per $10,000 · paid last 24h +0.086%

Price spread now: Deribit against Popdex+0.368%7-day average +0.061% · 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+$2as in the Price arb table

costs, in and out, $10k−$280.282% of the position

Long on Popdex Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.266%+$27 on $10k

Price spread, last 4 days (all we have)−0.228%−$23 · spread now +0.368%, 7d avg +0.061%

Together, before fees+0.038%+$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$38 a day on $10k at the current rate, and Deribit is 0.307% dearer against Popdex than usual: you sell high and buy low: +$31 more if the spread goes back to its 7-day average of +0.061%.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.266% in total (about 25.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.57 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	Popdex NEARUSDT	4.3530	0.0096	pay 0.0012% / 1h	2m 35s	$114K	$500K	50x
Short	Deribit NEAR_USDC-PERPETUAL	4.3690	0.1355	get 0.0169% / 1h	2m 35s	$1.9M	$13.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Popdex. 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 PopdexbpFee DeribitbpOrdersPrice spread, now +0.368%Rate

Funding earned: $264.39
Price spread: +0.368% → +0.061%: $30.68
Slippage, 4 orders: −$14.84
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $266.84
Costs to cover: 0.282%
Break-even: from the start

Slippage from Popdex: live order book, 36 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 Popdex live order book, 36 min ago	2.31 bp	7.4 bp −$7	69.8 bp −$698	doesn't fit	doesn't fit
Sell Deribit live order book, 2 min ago	2.87 bp	6.4 bp −$6	13.4 bp −$134	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	4.3529	−0.002%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3534	+0.009%	$107K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3591	+0.141%	$163K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0017%	1h	4.3621	+0.208%	$7.2M	$38.7M	50x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.870%	$578	$301K	12x	as long as short
Popdex NEARUSDTlong	+0.0096%	1h	4.3530	long leg	$114K	$500K	50x
Bybit NEARUSDT	+0.0100%	8h	4.3510	−0.046%	$219.2M	$430.0M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3490	−0.092%	$61.4M	$295.3M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3750	+0.505%	$249K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3523	−0.016%	$35.8M	$63.2M	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	4.3550	+0.046%	$52.8M	$45.9M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3536	+0.014%	$72.0M	$127.9M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3549	+0.044%	$8.9M	$18.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3722	+0.442%	$253K	$896K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3681	+0.348%	$1.4M	$1.6M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3680	+0.345%	$167K	$816K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3598	+0.156%	$274K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3643	+0.260%	$58K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3630	+0.230%	$1K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3625	+0.218%	$5K	$50K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3620	+0.207%	$3.5M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3521	−0.020%	$31K	$585	10x	as long as short
Aster NEARUSDT	+0.0102%	8h	4.3550	+0.045%	$2.7M	$4.8M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3525	−0.013%	$3.6M	$16.4M	25x	as long as short
Aevo NEAR-PERP	+0.0120%	1h	4.3630	+0.230%	$203K	$38K	3x	as long as short
Hyperliquid NEAR	+0.0130%	1h	4.3589	+0.136%	$351.2M	$316.3M	10x	as long as short
Binance NEARUSDT	+0.0142%	8h	4.3550	+0.045%	$263.1M	$1.09B	75x	as long as short
MEXC NEAR_USDT	+0.0144%	8h	4.3540	+0.023%	$88.8M	$154.7M	200x	as long as short
HTX NEAR-USDT	+0.0159%	8h	4.3690	+0.368%	$465K	$3.8M	75x	as long as short
BingX NEAR-USDC	+0.0162%	8h	4.3550	+0.046%	—	$6.7M	—	as long as short
Kalshi KXNEARPERP	+0.0169%	8h	4.3521	−0.021%	$940K	$25.1M	2.2x	as long as short
01 Exchange NEARUSD	+0.0232%	1h	4.3561	+0.071%	$13K	$7K	10x	as long as short
BloFin NEAR-USDT	+0.0264%	8h	4.3630	+0.230%	$13.4M	$32.1M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0342% / S −0.0242%	1h	4.3590	+0.137%	$253K	—	100x	as long as short
Nado NEAR-PERP	+0.0370%	1h	4.3505	−0.057%	$1.6M	$3.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0473%	1h	4.3666	+0.312%	$1.1M	$7.2M	20x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.3621	+0.209%	$2.3M	$17.0M	50x	as long as short
Lighter RH NEAR	+0.0496%	1h	4.3573	+0.099%	$1.5M	$6.8M	10x	as long as short
Lighter NEAR	+0.0560%	1h	4.3593	+0.145%	$17.2M	$25.4M	15x	as long as short
Arcus NEAR-USD	+0.0638%	1h	4.3570	+0.092%	$228K	$1.5M	10x	as long as short
Pacifica NEAR	+0.0949%	1h	4.3538	+0.018%	$410K	$1.4M	10x	as long as short
Phoenix NEAR	+0.0949%	1h	4.3702	+0.395%	$1.8M	$2.4M	10x	as long as short
RISEx NEAR/USDC	+0.0965%	1h	4.3559	+0.065%	$604K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1125%	1h	4.3624	+0.215%	$5K	$7K	10x	as long as short
Deribit NEAR_USDC-PERPETUALshort	+0.1355%	1h	4.3690	+0.368%	$1.9M	$13.1M	25x