Funding you earn now, next payment 05:00 UTC−0.0845%/8h= −92.5% APRpaid last 24h −0.074%
Price spread now: Binance against Deribit−0.101%7-day average −0.060% · you buy dearer than you sell
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$300.301% of the position
Funding, last 7 days−0.388%−$39 on $10k
+Price spread, last 4 days (all we have)−0.259%−$26 · spread now −0.101%, 7d avg −0.060%
=Both sides work against this trade now: funding costs −$25 a day on $10k at the current rate, and Binance is 0.041% cheaper against Deribit than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.060%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.388% in total (about -20.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit NEAR_USDC-PERPETUAL | 4.3554 | 0.0945 | pay 0.0118% / 1h | 48m 03s | $1.9M | $8.2M | 25x |
| Short | Binance NEARUSDT | 4.3510 | 0.0100 | get 0.0100% / 8h | 3h 48m | $267.5M | $1.09B | 75x |
Deribit NEAR_USDC-PERPETUAL
Binance NEARUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Deribit. 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
- −$177.45
- Price spread: −0.101% → −0.060%
- −$4.11
- Slippage, 4 orders
- −$13.1
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$211.65
- Costs to cover
- 0.301%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 1 min ago; Binance: live order book, 11 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 Deribit live order book, 1 min ago | 3.67 bp | 7.2 bp −$7 | 17.6 bp −$176 | doesn't fit | doesn't fit |
| Sell Binance live order book, 11 min ago | 1.14 bp | 7.7 bp −$8 | 11.9 bp −$119 | 33.2 bp −$3,320 | 98.7 bp −$49.3K |
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 | 4.3558 | +0.009% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3569 | +0.034% | $107K | $69K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.3503 | −0.117% | $163K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −4.923% | $578 | $301K | 12x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0056% | 1h | 4.3594 | +0.092% | $2.3M | $15.9M | 50x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3570 | +0.037% | $108K | $501K | 50x | as long as short |
| Binance NEARUSDTshort | +0.0100% | 8h | 4.3510 | −0.101% | $267.5M | $1.09B | 75x | |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3463 | −0.209% | $218.7M | $424.3M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3480 | −0.170% | $62.1M | $291.8M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3771 | +0.499% | $249K | −$0 | 10x | as long as short |
Reya NEARRUSDPERP
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Coinbase International NEAR-PERP-INTX
Popdex NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Bulk NEAR-USDShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate NEAR_USDT | +0.0100% | 8h | 4.3514 | −0.092% | $31.8M | $60.5M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.3550 | −0.009% | $73.9M | $143.7M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3550 | −0.009% | $54.2M | $46.1M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3467 | −0.200% | $71.3M | $128.9M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.3520 | −0.078% | — | $146.1M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.3497 | −0.130% | $8.4M | $18.0M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3582 | +0.065% | $255K | $948K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3520 | −0.078% | $1.4M | $1.5M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3560 | +0.014% | $167K | $801K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3607 | +0.122% | $245K | $3.8M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.3543 | −0.025% | $56K | $245K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3670 | +0.266% | $2K | $1.4M | 20x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.3670 | +0.266% | $457K | $4.0M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3580 | +0.060% | $3.7M | $8.3M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.3575 | +0.047% | $31K | $608 | 10x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.3553 | −0.001% | $202K | $40K | 3x | as long as short |
| Kalshi KXNEARPERP | +0.0127% | 8h | 4.3589 | +0.080% | $581K | $22.7M | 2.2x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.3570 | +0.037% | $13.8M | $32.3M | 75x | as long as short |
| Pacifica NEAR | +0.0263% | 1h | 4.3621 | +0.153% | $414K | $1.2M | 10x | as long as short |
| Aster NEARUSDT | +0.0309% | 8h | 4.3550 | −0.009% | $2.9M | $5.6M | 50x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0319% / S −0.0191% | 1h | 4.3507 | −0.108% | $231K | — | 100x | as long as short |
| SoDEX NEAR-USD | +0.0394% | 1h | 4.3517 | −0.085% | $8K | $52K | 10x | as long as short |
| 01 Exchange NEARUSD | +0.0512% | 1h | 4.3597 | +0.099% | $13K | $7K | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0523% | 1h | 4.3533 | −0.048% | $1.4M | $6.5M | 20x | as long as short |
| Hyperliquid NEAR | +0.0601% | 1h | 4.3562 | +0.019% | $358.6M | $318.6M | 10x | as long as short |
| Arcus NEAR-USD | +0.0627% | 1h | 4.3610 | +0.129% | $214K | $1.6M | 10x | as long as short |
| Extended NEAR-USD | +0.0648% | 1h | 4.3452 | −0.234% | $3.9M | $19.7M | 25x | as long as short |
| Nado NEAR-PERP | +0.0681% | 1h | 4.3566 | +0.026% | $1.9M | $3.1M | 10x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0708% | 1h | 4.3530 | −0.055% | $7.7M | $39.7M | 50x | as long as short |
| Lighter RH NEAR | +0.0936% | 1h | 4.3595 | +0.094% | $1.5M | $7.3M | 10x | as long as short |
| Phoenix NEAR | +0.0941% | 1h | 4.3617 | +0.145% | $1.8M | $2.8M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUALlong | +0.0945% | 1h | 4.3554 | long leg | $1.9M | $8.2M | 25x | |
| RISEx NEAR/USDC | +0.1162% | 1h | 4.3617 | +0.144% | $596K | $1.4M | 10x | as long as short |
| Lighter NEAR | +0.1224% | 1h | 4.3604 | +0.114% | $17.6M | $24.8M | 15x | as long as short |
| Aftermath Perps NEARUSD | +0.1637% | 1h | 4.3606 | +0.120% | $5K | $12K | 10x | as long as short |
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDT
Variational Omni NEAR
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
HTX NEAR-USDT
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Aevo NEAR-PERP
Kalshi KXNEARPERP
BloFin NEAR-USDT
Pacifica NEAR
Aster NEARUSDT
GMX NEAR/USD [ETH-USDC]
SoDEX NEAR-USD
01 Exchange NEARUSD
Backpack NEAR_USDC_PERP
Hyperliquid NEAR
Arcus NEAR-USD
Extended NEAR-USD
Nado NEAR-PERP
Kraken Futures PF_NEARUSD
Lighter RH NEAR
Phoenix NEAR
RISEx NEAR/USDC
Lighter NEAR
Aftermath Perps NEARUSD