NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0132%/8h= −14.5% APRnext payment −$0.17 per $10,000 · paid last 24h −0.261%

Price spread now: Coinbase International against Arcus−0.192%7-day average −0.100% · 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−$50as in the Price arb table

costs, in and out, $10k−$400.404% of the position

Long on Arcus Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.482%−$48 on $10k

Price spread, last 3 days (all we have)+0.447%+$45 · spread now −0.192%, 7d avg −0.100%

Together, before fees−0.035%−$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Coinbase International is 0.092% cheaper against Arcus than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.100%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus NEAR-USD	4.1670	0.0100	pay 0.0013% / 1h	44m 44s	$309K	$1.6M	10x
Short	Coinbase International NEAR-PERP-INTX	4.1590	−0.0032	pay 0.0004% / 1h	44m 44s	$2.1M	$12.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Arcus. 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 ArcusbpFee Coinbase InternationalbpOrdersPrice spread, now −0.192%Rate

Funding earned: −$27.72
Price spread: −0.192% → −0.100%: −$9.2
Slippage, 4 orders: −$25.88
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$77.3
Costs to cover: 0.404%
Break-even: never at this rate

Slippage from Arcus: live order book, 4 min ago; Coinbase International: 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 Arcus live order book, 4 min ago	3.61 bp	5.9 bp −$6	10.9 bp −$109	doesn't fit	doesn't fit
Sell Coinbase International live order book, 4 min ago	6.50 bp	13.8 bp −$14	21.6 bp −$216	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	4.1556	−0.273%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTXshort	−0.0032%	1h	4.1590	−0.192%	$2.1M	$12.6M	50x
Injective NEAR/USDC PERP	−0.0002%	1h	4.1410	−0.624%	$578	$302K	12x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.1647	−0.056%	$107K	$56K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.1607	−0.151%	$440K	$18.3M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.1598	−0.173%	$206K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0049%	1h	4.1621	−0.117%	$7.5M	$36.8M	50x	as long as short
01 Exchange NEARUSD	+0.0064%	1h	4.1689	+0.046%	$12K	$7K	10x	as long as short
Lighter NEAR	+0.0096%	1h	4.1685	+0.036%	$15.3M	$22.5M	15x	as long as short
Lighter RH NEAR	+0.0096%	1h	4.1697	+0.065%	$1.4M	$6.9M	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex NEARUSDT	+0.0096%	1h	4.1570	−0.240%	$111K	$483K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.1600	−0.168%	$54K	$156K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.1635	−0.084%	$30K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.1674	+0.010%	$2.9M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.1655	−0.037%	$351K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.1648	−0.052%	$238.4M	$1.07B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.1627	−0.103%	$212.3M	$422.9M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.1630	−0.096%	$57.0M	$275.2M	50x	as long as short
Arcus NEAR-USDlong	+0.0100%	1h	4.1670	long leg	$309K	$1.6M	10x
Gate NEAR_USDT	+0.0100%	8h	4.1653	−0.041%	$29.8M	$57.1M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.1640	−0.072%	$82.1M	$141.0M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.1670	0.000%	$55.0M	$44.5M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.1638	−0.077%	$69.2M	$125.7M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.1640	−0.072%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.1461	−0.501%	$7.7M	$18.5M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.1534	−0.326%	$237K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.1516	−0.370%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.1500	−0.408%	$182K	$792K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.1604	−0.158%	$198K	$3.1M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.1620	−0.120%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.1590	−0.192%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.1580	−0.216%	$3.8M	$8.2M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.1450	−0.528%	$236K	$4K	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.1630	−0.097%	$3.8M	$14.6M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.1595	−0.180%	$200K	$62K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.1600	−0.168%	$12.2M	$33.4M	75x	as long as short
Hyperliquid NEAR	+0.0322%	1h	4.1692	+0.053%	$350.5M	$298.5M	10x	as long as short
RISEx NEAR/USDC	+0.0364%	1h	4.1690	+0.049%	$413K	$1.2M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0380% / S −0.0327%	1h	4.1600	−0.167%	$280K	—	100x	as long as short
Backpack NEAR_USDC_PERP	+0.0459%	1h	4.1643	−0.065%	$1.2M	$5.7M	20x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0495%	1h	4.1639	−0.074%	$1.8M	$2.1M	25x	as long as short
Nado NEAR-PERP	+0.0514%	1h	4.1557	−0.271%	$1.8M	$3.5M	10x	as long as short
Phoenix NEAR	+0.0542%	1h	4.1614	−0.134%	$1.7M	$2.7M	10x	as long as short
Aftermath Perps NEARUSD	+0.0904%	1h	4.1502	−0.402%	$5K	$11K	10x	as long as short
HTX NEAR-USDT	+0.1007%	8h	4.1730	+0.144%	$447K	$3.6M	75x	as long as short