NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0178%/8h= +19.5% APRnext payment +$0.22 per $10,000 · paid last 24h +0.091%

Price spread now: Deribit against Coinbase International+0.073%7-day average +0.086% · you sell dearer than you buy

Net, funding: paid 7d − costs+$7as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$450.448% of the position

Long on Coinbase International Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.519%+$52 on $10k

Price spread, last 3 days (all we have)+0.066%+$7 · spread now +0.073%, 7d avg +0.086%

Together, before fees+0.584%+$58 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.086%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International NEAR-PERP-INTX	4.1268	0.0008	pay 0.0001% / 1h	31m 49s	$2.1M	$12.9M	50x
Short	Deribit NEAR_USDC-PERPETUAL	4.1298	0.0186	get 0.0023% / 1h	31m 49s	$1.8M	$2.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Coinbase International. 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 Coinbase InternationalbpFee DeribitbpOrdersPrice spread, now +0.073%Rate

Funding earned: $37.38
Price spread: +0.073% → +0.086%: −$1.29
Slippage, 4 orders: −$27.81
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$8.72
Costs to cover: 0.448%
Break-even: 8.6 days

Slippage from Coinbase International: 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 Coinbase International live order book, 3 min ago	7.29 bp	12.8 bp −$13	19.4 bp −$194	591.5 bp −$59.2K	doesn't fit
Sell Deribit live order book, 3 min ago	4.49 bp	8.5 bp −$8	14.2 bp −$142	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	4.1249	−0.047%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.1246	−0.054%	$104K	$54K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.1388	+0.291%	$312K	$19.8M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.1254	−0.034%	$200K	—	150x	as long as short
Coinbase International NEAR-PERP-INTXlong	+0.0008%	1h	4.1268	long leg	$2.1M	$12.9M	50x
Kraken Futures PF_NEARUSD	+0.0013%	1h	4.1335	+0.162%	$7.2M	$35.0M	50x	as long as short
Extended NEAR-USD	+0.0056%	1h	4.1225	−0.104%	$3.6M	$14.6M	25x	as long as short
Injective NEAR/USDC PERP	+0.0081%	1h	4.1150	−0.286%	$574	$186K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.1280	+0.029%	$107K	$489K	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.1215	−0.128%	$30K	$2K	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster NEARUSDT	+0.0100%	8h	4.1290	+0.053%	$2.8M	$5.8M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.1255	−0.032%	$421K	$1.1M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.1230	−0.092%	$237.9M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.1220	−0.116%	$210.2M	$428.5M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.1210	−0.141%	$56.9M	$280.9M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.1320	+0.126%	$306K	$1.6M	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.1249	−0.046%	$29.6M	$56.6M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.1240	−0.068%	$81.6M	$145.9M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.1280	+0.029%	$56.0M	$46.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.1248	−0.048%	$69.1M	$129.2M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.1230	−0.092%	—	$135.1M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.1236	−0.078%	$7.5M	$18.4M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.1246	−0.054%	$259K	$1.3M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.1320	+0.126%	$1.4M	$1.2M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.1160	−0.262%	$179K	$792K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.1296	+0.068%	$230K	$3.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.1275	+0.017%	$52K	$179K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.1300	+0.078%	$2K	$1.5M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.1295	+0.065%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.1280	+0.029%	$3.8M	$8.4M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.1350	+0.199%	$236K	$6K	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.1269	+0.003%	$199K	$64K	3x	as long as short
Lighter RH NEAR	+0.0176%	1h	4.1303	+0.085%	$1.5M	$7.3M	10x	as long as short
Deribit NEAR_USDC-PERPETUALshort	+0.0186%	1h	4.1298	+0.073%	$1.8M	$2.0M	25x
01 Exchange NEARUSD	+0.0200%	1h	4.1316	+0.116%	$12K	$8K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.1320	+0.126%	$12.4M	$33.2M	75x	as long as short
RISEx NEAR/USDC	+0.0365%	1h	4.1307	+0.093%	$393K	$1.2M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0371% / S −0.0316%	1h	4.1245	−0.056%	$272K	—	100x	as long as short
Nado NEAR-PERP	+0.0392%	1h	4.1260	−0.019%	$1.8M	$4.0M	10x	as long as short
Phoenix NEAR	+0.0474%	1h	4.1297	+0.070%	$1.7M	$2.8M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0565%	1h	4.1314	+0.111%	$1.4M	$4.9M	20x	as long as short
Lighter NEAR	+0.0968%	1h	4.1321	+0.128%	$15.3M	$22.4M	15x	as long as short
Aftermath Perps NEARUSD	+0.1147%	1h	4.1215	−0.129%	$5K	$11K	10x	as long as short
HTX NEAR-USDT	+0.1190%	8h	4.1370	+0.247%	$442K	$3.9M	75x	as long as short
Hyperliquid NEAR	+0.1360%	1h	4.1343	+0.182%	$350.3M	$306.3M	10x	as long as short