NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0319%/8h= −35.0% APRnext payment −$0.40 per $10,000 · paid last 24h −0.079%

Price spread now: Deribit against RISEx−0.022%7-day average +0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$260.263% of the position

Long on RISEx Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.191%−$19 on $10k

Price spread, last 4 days (all we have)+0.102%+$10 · spread now −0.022%, 7d avg +0.029%

Together, before fees−0.089%−$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Deribit is 0.051% cheaper against RISEx than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.029%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx NEAR/USDC	4.3590	0.0965	pay 0.0121% / 1h	6m 02s	$604K	$1.4M	10x
Short	Deribit NEAR_USDC-PERPETUAL	4.3580	0.0646	get 0.0081% / 1h	6m 02s	$1.9M	$13.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against RISEx. 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 RISExbpFee DeribitbpOrdersPrice spread, now −0.022%Rate

Funding earned: −$67.06
Price spread: −0.022% → +0.029%: −$5.07
Slippage, 4 orders: −$13.25
Fee RISEx: 3 bp × 2 orders: −$6
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$98.38
Costs to cover: 0.263%
Break-even: never at this rate

Slippage from RISEx: live order book, 3 min ago; Deribit: live order book, 3 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 RISEx live order book, 3 min ago	2.66 bp	5.7 bp −$6	12.8 bp −$128	doesn't fit	doesn't fit
Sell Deribit live order book, 3 min ago	3.31 bp	8.1 bp −$8	14.6 bp −$146	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	4.3559	−0.070%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3619	+0.067%	$107K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3561	−0.066%	$163K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0017%	1h	4.3476	−0.260%	$7.2M	$38.6M	50x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.000%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3580	−0.022%	$114K	$499K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3500	−0.206%	$219.3M	$429.2M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3490	−0.229%	$61.4M	$295.4M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3750	+0.368%	$249K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3489	−0.231%	$35.7M	$63.1M	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	4.3500	−0.206%	$52.7M	$45.9M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3514	−0.174%	$72.0M	$128.0M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3490	−0.230%	$8.9M	$18.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3477	−0.259%	$252K	$894K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3514	−0.174%	$1.4M	$1.6M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3440	−0.343%	$166K	$816K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3604	+0.033%	$275K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3564	−0.059%	$58K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3630	+0.093%	$2K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3557	−0.075%	$5K	$50K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3500	−0.206%	$3.5M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3645	+0.127%	$32K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3486	−0.239%	$3.6M	$16.5M	25x	as long as short
Aster NEARUSDT	+0.0116%	8h	4.3504	−0.197%	$2.7M	$4.8M	50x	as long as short
Aevo NEAR-PERP	+0.0120%	1h	4.3564	−0.058%	$203K	$38K	3x	as long as short
Hyperliquid NEAR	+0.0139%	1h	4.3528	−0.141%	$350.9M	$316.0M	10x	as long as short
Binance NEARUSDT	+0.0150%	8h	4.3497	−0.213%	$262.8M	$1.09B	75x	as long as short
MEXC NEAR_USDT	+0.0152%	8h	4.3500	−0.206%	$89.3M	$154.5M	200x	as long as short
HTX NEAR-USDT	+0.0156%	8h	4.3640	+0.115%	$464K	$3.8M	75x	as long as short
BingX NEAR-USDT	+0.0162%	8h	4.3490	−0.229%	—	$144.3M	—	as long as short
Kalshi KXNEARPERP	+0.0172%	8h	4.3535	−0.125%	$964K	$25.1M	2.2x	as long as short
01 Exchange NEARUSD	+0.0232%	1h	4.3604	+0.033%	$13K	$7K	10x	as long as short
BloFin NEAR-USDT	+0.0272%	8h	4.3690	+0.230%	$13.4M	$32.2M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0341% / S −0.0241%	1h	4.3492	−0.224%	$253K	—	100x	as long as short
Nado NEAR-PERP	+0.0366%	1h	4.3595	+0.012%	$1.7M	$3.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0466%	1h	4.3511	−0.180%	$1.1M	$7.2M	20x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.3572	−0.041%	$2.3M	$17.0M	50x	as long as short
Lighter RH NEAR	+0.0496%	1h	4.3547	−0.098%	$1.5M	$6.8M	10x	as long as short
Lighter NEAR	+0.0536%	1h	4.3555	−0.080%	$17.2M	$25.4M	15x	as long as short
Arcus NEAR-USD	+0.0638%	1h	4.3610	+0.047%	$228K	$1.5M	10x	as long as short
Deribit NEAR_USDC-PERPETUALshort	+0.0646%	1h	4.3580	−0.022%	$1.9M	$13.1M	25x
Pacifica NEAR	+0.0949%	1h	4.3653	+0.146%	$411K	$1.4M	10x	as long as short
Phoenix NEAR	+0.0949%	1h	4.3865	+0.632%	$1.8M	$2.4M	10x	as long as short
RISEx NEAR/USDClong	+0.0965%	1h	4.3590	long leg	$604K	$1.4M	10x
Aftermath Perps NEARUSD	+0.1125%	1h	4.3631	+0.096%	$5K	$7K	10x	as long as short