NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0087%/8h= −9.5% APRnext payment −$0.11 per $10,000 · paid last 24h +0.005%

Price spread now: Deribit against Arcus−0.271%7-day average −0.003% · 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−$53as in the Price arb table

costs, in and out, $10k−$260.264% of the position

Long on Arcus Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.091%−$9 on $10k

Price spread, last 4 days (all we have)+0.438%+$44 · spread now −0.271%, 7d avg −0.003%

Together, before fees+0.346%+$35 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.268% cheaper against Arcus than usual: you would sell low and buy high (−$27 if the spread goes back to its 7-day average of −0.003%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus NEAR-USD	4.4260	0.0880	pay 0.0110% / 1h	20m 42s	$228K	$1.6M	10x
Short	Deribit NEAR_USDC-PERPETUAL	4.4140	0.0793	get 0.0099% / 1h	20m 42s	$1.9M	$13.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.271%Rate

Funding earned: −$18.23
Price spread: −0.271% → −0.003%: −$26.78
Slippage, 4 orders: −$14.93
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$71.44
Costs to cover: 0.264%
Break-even: never at this rate

Slippage from Arcus: 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 Arcus live order book, 3 min ago	3.39 bp	5.6 bp −$6	10.0 bp −$100	doesn't fit	doesn't fit
Sell Deribit live order book, 3 min ago	2.71 bp	8.9 bp −$9	15.1 bp −$151	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	4.4096	−0.371%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4187	−0.164%	$109K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4100	−0.362%	$165K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.439%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4220	−0.090%	$112K	$485K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4168	−0.208%	$223.9M	$430.1M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4170	−0.203%	$62.4M	$295.3M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4150	−0.249%	$252K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4170	−0.203%	$35.7M	$61.9M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4160	−0.226%	$53.4M	$45.9M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NEARUSDT	+0.0100%	8h	4.4192	−0.154%	$72.8M	$127.4M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4097	−0.368%	$8.8M	$18.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4205	−0.125%	$258K	$916K	20x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4210	−0.113%	$167K	$805K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4137	−0.278%	$292K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4132	−0.289%	$59K	$236K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4210	−0.113%	$2K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4190	−0.158%	$462K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4130	−0.294%	$3.6M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0104%	8h	4.4154	−0.239%	$32K	$585	10x	as long as short
GRVT NEAR_USDT_Perp	+0.0110%	8h	4.4181	−0.177%	$1.5M	$1.5M	10x	as long as short
Aevo NEAR-PERP	+0.0136%	1h	4.4140	−0.271%	$205K	$38K	3x	as long as short
Extended NEAR-USD	+0.0144%	1h	4.4180	−0.182%	$3.7M	$18.3M	25x	as long as short
SoDEX NEAR-USD	+0.0169%	1h	4.4095	−0.373%	$5K	$52K	10x	as long as short
BingX NEAR-USDT	+0.0200%	8h	4.4200	−0.136%	—	$144.1M	—	as long as short
MEXC NEAR_USDT	+0.0210%	8h	4.4190	−0.158%	$80.0M	$149.3M	200x	as long as short
Binance NEARUSDT	+0.0210%	8h	4.4192	−0.153%	$269.5M	$1.08B	75x	as long as short
Kalshi KXNEARPERP	+0.0248%	8h	4.4108	−0.343%	$1.0M	$24.9M	2.2x	as long as short
Aster NEARUSDT	+0.0297%	8h	4.4170	−0.203%	$2.8M	$4.9M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0315% / S −0.0199%	1h	4.4088	−0.388%	$235K	—	100x	as long as short
BloFin NEAR-USDT	+0.0331%	8h	4.4150	−0.249%	$13.7M	$32.6M	75x	as long as short
Backpack NEAR_USDC_PERP	+0.0423%	1h	4.4185	−0.169%	$1.3M	$6.9M	20x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0424%	1h	4.4274	+0.032%	$2.3M	$16.8M	50x	as long as short
01 Exchange NEARUSD	+0.0448%	1h	4.4255	−0.011%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0490%	1h	4.4193	−0.151%	$360.6M	$312.7M	10x	as long as short
Nado NEAR-PERP	+0.0565%	1h	4.4093	−0.378%	$1.7M	$3.2M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0662%	1h	4.4090	−0.384%	$7.3M	$38.2M	50x	as long as short
Deribit NEAR_USDC-PERPETUALshort	+0.0793%	1h	4.4140	−0.271%	$1.9M	$13.0M	25x
Lighter NEAR	+0.0800%	1h	4.4225	−0.079%	$17.4M	$25.3M	15x	as long as short
Arcus NEAR-USDlong	+0.0880%	1h	4.4260	long leg	$228K	$1.6M	10x
Lighter RH NEAR	+0.0904%	1h	4.4227	−0.075%	$1.5M	$6.7M	10x	as long as short
Phoenix NEAR	+0.1003%	1h	4.4318	+0.131%	$1.8M	$2.5M	10x	as long as short
Pacifica NEAR	+0.1187%	1h	4.4182	−0.177%	$422K	$1.4M	10x	as long as short
RISEx NEAR/USDC	+0.1259%	1h	4.4146	−0.258%	$669K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1291%	1h	4.4180	−0.181%	$5K	$12K	10x	as long as short