NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0946%/8h= −103.6% APRnext payment −$1.18 per $10,000 · paid last 24h −0.100%

Price spread now: dYdX against Deribit−0.222%7-day average −0.079% · you buy dearer than you sell

Net, funding: paid 7d − costs−$308as in the Funding arb table

Net, price: spread back to 7d avg − costs−$267as in the Price arb table

costs, in and out, $10k−$2532.529% of the position

Long on Deribit Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.552%−$55 on $10k

Price spread, last 4 days (all we have)−0.165%−$16 · spread now −0.222%, 7d avg −0.079%

Together, before fees−0.717%−$72 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$28 a day on $10k at the current rate, and dYdX is 0.144% cheaper against Deribit than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.079%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.552% in total (about -28.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.18 per $10,000. 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	4.3528	0.0946	pay 0.0118% / 1h	15m 29s	$2.0M	$9.6M	25x
Short	dYdX NEAR-USD	4.3431	0	get 0.0000% / 1h	15m 29s	$107K	$68K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Deribit. 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 DeribitbpFee dYdXbpOrdersPrice spread, now −0.222%Rate

Funding earned: −$198.66
Price spread: −0.222% → −0.079%: −$14.36
Slippage, 4 orders: −$235.92
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$465.94
Costs to cover: 2.529%
Break-even: never at this rate

Slippage from Deribit: live order book, 4 min ago; dYdX: live order book, 38 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, 4 min ago	4.72 bp	8.2 bp −$8	16.2 bp −$162	doesn't fit	doesn't fit
Sell dYdX live order book, 38 min ago	109.99 bp	121.3 bp −$121	130.1 bp −$1,301	137.5 bp −$13.8K	368.1 bp −$184.1K

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	4.3410	−0.272%	$2K	—	20x	as long as short
dYdX NEAR-USDshort	0.0000%	1h	4.3431	−0.222%	$107K	$68K	10x
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3382	−0.335%	$163K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.866%	$578	$301K	12x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0056%	1h	4.3494	−0.078%	$2.3M	$15.9M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3450	−0.179%	$110K	$502K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3430	−0.225%	$265.5M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3342	−0.427%	$214.4M	$426.0M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3350	−0.409%	$61.4M	$288.7M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3250	−0.638%	$246K	−$0	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NEAR_USDT	+0.0100%	8h	4.3406	−0.280%	$32.2M	$61.9M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3450	−0.179%	$74.0M	$146.1M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3450	−0.179%	$53.9M	$45.8M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3409	−0.273%	$71.6M	$127.6M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3380	−0.340%	—	$6.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3447	−0.185%	$8.2M	$18.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3528	−0.001%	$254K	$951K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3530	+0.006%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3500	−0.064%	$167K	$796K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3485	−0.099%	$274K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3372	−0.358%	$57K	$246K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3560	+0.074%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3630	+0.234%	$473K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3520	−0.018%	$3.7M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3435	−0.215%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3515	−0.030%	$202K	$37K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3600	+0.165%	$13.6M	$32.3M	75x	as long as short
Pacifica NEAR	+0.0263%	1h	4.3484	−0.102%	$402K	$1.3M	10x	as long as short
Kalshi KXNEARPERP	+0.0282%	8h	4.3490	−0.087%	$873K	$23.4M	2.2x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0324% / S −0.0198%	1h	4.3391	−0.315%	$235K	—	100x	as long as short
Aster NEARUSDT	+0.0336%	8h	4.3440	−0.202%	$2.8M	$5.5M	50x	as long as short
SoDEX NEAR-USD	+0.0364%	1h	4.3485	−0.099%	$6K	$53K	10x	as long as short
01 Exchange NEARUSD	+0.0520%	1h	4.3520	−0.018%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0558%	1h	4.3430	−0.226%	$1.8M	$3.1M	10x	as long as short
Hyperliquid NEAR	+0.0579%	1h	4.3463	−0.149%	$355.9M	$314.3M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0597%	1h	4.3520	−0.018%	$1.3M	$6.7M	20x	as long as short
Extended NEAR-USD	+0.0600%	1h	4.3452	−0.174%	$3.8M	$20.0M	25x	as long as short
Arcus NEAR-USD	+0.0627%	1h	4.3510	−0.041%	$214K	$1.6M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0709%	1h	4.3495	−0.076%	$7.6M	$39.0M	50x	as long as short
Lighter RH NEAR	+0.0920%	1h	4.3540	+0.028%	$1.5M	$7.4M	10x	as long as short
Phoenix NEAR	+0.0941%	1h	4.3602	+0.170%	$1.8M	$2.8M	10x	as long as short
Deribit NEAR_USDC-PERPETUALlong	+0.0946%	1h	4.3528	long leg	$2.0M	$9.6M	25x
Lighter NEAR	+0.1096%	1h	4.3546	+0.042%	$17.6M	$25.1M	15x	as long as short
RISEx NEAR/USDC	+0.1162%	1h	4.3501	−0.062%	$684K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1569%	1h	4.3451	−0.177%	$5K	$13K	10x	as long as short