NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0485%/8h= −53.1% APRnext payment −$0.61 per $10,000 · paid last 24h −0.110%

Price spread now: Popdex against Arcus−0.091%7-day average −0.057% · 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−$55as in the Price arb table

costs, in and out, $10k−$510.514% of the position

Long on Arcus Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.327%−$33 on $10k

Price spread, last 4 days (all we have)+0.131%+$13 · spread now −0.091%, 7d avg −0.057%

Together, before fees−0.195%−$20 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Popdex is 0.034% cheaper against Arcus than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.057%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus NEAR-USD	4.4190	0.0581	pay 0.0073% / 1h	12m 20s	$218K	$1.8M	10x
Short	Popdex NEARUSDT	4.4150	0.0096	get 0.0012% / 1h	12m 20s	$113K	$517K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now −0.091%Rate

Funding earned: −$101.82
Price spread: −0.091% → −0.057%: −$3.39
Slippage, 4 orders: −$40.5
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$156.62
Costs to cover: 0.514%
Break-even: never at this rate

Slippage from Arcus: live order book, 2 min ago; Popdex: live order book, 47 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, 2 min ago	3.39 bp	5.6 bp −$6	9.2 bp −$92	doesn't fit	doesn't fit
Sell Popdex live order book, 47 min ago	12.27 bp	21.4 bp −$21	55.2 bp −$552	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	4.4071	−0.269%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0008%	1h	4.4141	−0.111%	$2.2M	$15.5M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4159	−0.071%	$109K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4187	−0.007%	$620K	$22.3M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4078	−0.252%	$165K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.291%	$578	$302K	12x	as long as short
Popdex NEARUSDTshort	+0.0096%	1h	4.4150	−0.091%	$113K	$517K	50x
Pacifica NEAR	+0.0100%	1h	4.4188	−0.004%	$420K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4140	−0.113%	$271.5M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4064	−0.285%	$221.9M	$424.2M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4060	−0.294%	$63.0M	$297.9M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4054	−0.307%	$251K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4077	−0.256%	$32.1M	$64.2M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4140	−0.113%	$74.9M	$150.1M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4120	−0.158%	$54.9M	$46.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4070	−0.272%	$72.4M	$130.0M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.4090	−0.226%	—	$147.3M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4137	−0.119%	$8.6M	$18.1M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4159	−0.070%	$265K	$980K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4070	−0.272%	$1.5M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4090	−0.226%	$170K	$801K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4132	−0.131%	$244K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4109	−0.183%	$56K	$227K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4340	+0.339%	$1K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4240	+0.113%	$458K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4170	−0.045%	$3.8M	$8.4M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4154	−0.080%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4130	−0.137%	$205K	$40K	3x	as long as short
SoDEX NEAR-USD	+0.0172%	1h	4.4145	−0.102%	$8K	$52K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4170	−0.045%	$13.8M	$32.8M	75x	as long as short
Aster NEARUSDT	+0.0307%	8h	4.4143	−0.107%	$3.0M	$5.5M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0321% / S −0.0190%	1h	4.4080	−0.248%	$234K	—	100x	as long as short
Backpack NEAR_USDC_PERP	+0.0335%	1h	4.4153	−0.084%	$1.3M	$6.5M	20x	as long as short
01 Exchange NEARUSD	+0.0344%	1h	4.4205	+0.034%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0377%	1h	4.4163	−0.061%	$364.3M	$325.0M	10x	as long as short
Extended NEAR-USD	+0.0432%	1h	4.4100	−0.205%	$3.9M	$19.6M	25x	as long as short
Nado NEAR-PERP	+0.0549%	1h	4.4065	−0.283%	$1.9M	$3.1M	10x	as long as short
Arcus NEAR-USDlong	+0.0581%	1h	4.4190	long leg	$218K	$1.8M	10x
Kraken Futures PF_NEARUSD	+0.0588%	1h	4.4160	−0.067%	$8.1M	$39.7M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0612%	1h	4.4110	−0.181%	$2.0M	$7.3M	25x	as long as short
Lighter RH NEAR	+0.0680%	1h	4.4237	+0.106%	$1.5M	$7.2M	10x	as long as short
Phoenix NEAR	+0.0794%	1h	4.4173	−0.038%	$1.8M	$2.8M	10x	as long as short
RISEx NEAR/USDC	+0.0926%	1h	4.4197	+0.016%	$592K	$1.4M	10x	as long as short
Lighter NEAR	+0.0968%	1h	4.4258	+0.155%	$17.8M	$26.5M	15x	as long as short
Aftermath Perps NEARUSD	+0.1577%	1h	4.4148	−0.095%	$5K	$12K	10x	as long as short