Funding you earn now, next payment 08:00 UTC+0.0085%/8h= +9.3% APRnext payment +$0.85 per $10,000 · paid last 24h +0.012%
Price spread now: Orderly against Variational Omni+0.260%7-day average −0.002% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.002%$0 on $10k
+Price spread, last 3 days (all we have)−0.493%−$49 · spread now +0.260%, 7d avg −0.002%
=Together, before fees−0.492%+ Points / potential airdropVariational Omni: Active · farm board−$49 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Orderly is 0.262% dearer against Variational Omni than usual: you sell high and buy low: +$26 more if the spread goes back to its 7-day average of −0.002%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni NEAR | 4.2988 | 0.0014 | pay 0.0014% / 8h | 7h 49m | $7.9M | $18.6M | — |
| Short | Orderly PERP_NEAR_USDC | 4.3100 | 0.0099 | get 0.0099% / 8h | 7h 49m | $57K | $193K | 20x |
Variational Omni NEAR
Orderly PERP_NEAR_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Variational Omni. 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
- $17.9
- Price spread: +0.260% → −0.002%
- $26.17
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $38.07
- Costs to cover
- 0.060%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Orderly: no order-book sample. 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 Variational Omni RFQ quote, 4 min ago | 3.88 bp | doesn't fit | 10.8 bp −$108 | 27.5 bp −$2,749 | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex NEARUSDT | −0.0899% | 8h | 4.3090 | +0.236% | $3.9M | $8.5M | 50x | as long as short |
| Reya NEARRUSDPERP | −0.0171% | 1h | 4.3115 | +0.294% | $2K | — | 20x | as long as short |
| Kraken Futures PF_NEARUSD | −0.0130% | 1h | 4.3105 | +0.271% | $7.6M | $37.1M | 50x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0096% | 1h | 4.3084 | +0.223% | $2.3M | $13.1M | 50x | as long as short |
| Bybit NEARUSDT | −0.0068% | 8h | 4.3040 | +0.120% | $219.5M | $419.1M | 75x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3138 | +0.347% | $112K | $64K | 10x | as long as short |
| 01 Exchange NEARUSD | 0.0000% | 1h | 4.3173 | +0.430% | $13K | $7K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.3093 | +0.243% | $378K | $18.4M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.3137 | +0.346% | $204K | — | 150x | as long as short |
| Variational Omni NEARlong | +0.0014% | 8h | 4.2988 | long leg | $7.9M | $18.6M | — |
Phemex NEARUSDT
Reya NEARRUSDPERP
Kraken Futures PF_NEARUSD
Coinbase International NEAR-PERP-INTX
Bybit NEARUSDT
dYdX NEAR-USD
01 Exchange NEARUSD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USDShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −3.672% | $578 | $302K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3160 | +0.399% | $112K | $478K | 50x | as long as short |
| Orderly PERP_NEAR_USDCshort | +0.0099% | 8h | 4.3100 | +0.260% | $57K | $193K | 20x | |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.3131 | +0.331% | $31K | $647 | 10x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.3130 | +0.330% | $3.0M | $5.7M | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.3137 | +0.345% | $404K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.3079 | +0.212% | $255.8M | $1.07B | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3030 | +0.097% | $61.2M | $281.9M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.3170 | +0.423% | $198K | $1.7M | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.2646 | −0.796% | $243K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3060 | +0.167% | $31.1M | $58.6M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.3080 | +0.213% | $79.9M | $138.6M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3080 | +0.213% | $56.4M | $43.2M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3037 | +0.113% | $71.4M | $125.1M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.3050 | +0.143% | — | $6.6M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3062 | +0.170% | $267K | $1.2M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3082 | +0.217% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3080 | +0.213% | $180K | $792K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3165 | +0.411% | $194K | $3.5M | 10x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3220 | +0.539% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.3086 | +0.227% | $5K | $53K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.3200 | +0.492% | $459K | $3.6M | 75x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.3043 | +0.128% | $3.9M | $16.6M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.3109 | +0.280% | $201K | $28K | 3x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.3040 | +0.120% | $13.0M | $29.2M | 75x | as long as short |
| Hyperliquid NEAR | +0.0316% | 1h | 4.3099 | +0.257% | $367.6M | $300.0M | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0377% / S −0.0313% | 1h | 4.3134 | +0.340% | $276K | — | 100x | as long as short |
| Nado NEAR-PERP | +0.0387% | 1h | 4.3126 | +0.320% | $1.9M | $3.3M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0423% | 1h | 4.3122 | +0.311% | $1.9M | $2.9M | 25x | as long as short |
| Lighter RH NEAR | +0.0424% | 1h | 4.3141 | +0.355% | $1.6M | $6.8M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0428% | 1h | 4.3179 | +0.444% | $410K | $1.2M | 10x | as long as short |
| Phoenix NEAR | +0.0499% | 1h | 4.3136 | +0.343% | $1.8M | $2.7M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0501% | 1h | 4.3109 | +0.281% | $1.4M | $5.6M | 20x | as long as short |
| Aftermath Perps NEARUSD | +0.1221% | 1h | 4.3031 | +0.098% | $5K | $12K | 10x | as long as short |
| Lighter NEAR | +0.2248% | 1h | 4.3186 | +0.459% | $17.3M | $23.9M | 15x | as long as short |
Injective NEAR/USDC PERP
Popdex NEARUSDT
Paradex NEAR-USD-PERP
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-USDC
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
SunX NEAR-USDT
SoDEX NEAR-USD
HTX NEAR-USDT
Extended NEAR-USD
Aevo NEAR-PERP
BloFin NEAR-USDT
Hyperliquid NEAR
GMX NEAR/USD [ETH-USDC]
Nado NEAR-PERP
Deribit NEAR_USDC-PERPETUAL
Lighter RH NEAR
RISEx NEAR/USDC
Phoenix NEAR
Backpack NEAR_USDC_PERP
Aftermath Perps NEARUSD
Lighter NEAR