NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.1060%/8h= −116.0% APRnext payment −$1.32 per $10,000 · paid last 24h −0.104%

Price spread now: Injective against Deribit−4.230%63s7-day average +0.429% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.368%−$37 on $10k

Price spread, last 4 days (all we have)+6.020%+$602 · spread now −4.230%, 7d avg +0.429%

Together, before fees+5.653%+$565 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$32 a day on $10k at the current rate, and Injective is 4.659% cheaper against Deribit than usual: you would sell low and buy high (−$466 if the spread goes back to its 7-day average of +0.429%). Swap the legs. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.368% in total (about -19.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.32 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	4.3239	0.1093	pay 0.0137% / 1h	35m 31s	$1.9M	$13.2M	25x
Short	Injective NEAR/USDC PERP	4.1410	0.0033	get 0.0004% / 1h	35m 31s	$578	$301K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Deribit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpOrdersPrice spread, now −4.230%Rate

Funding earned: −$222.53
Price spread: −4.230% → +0.429%: −$465.85
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$695.4
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Deribit: live order book, 4 min ago; Injective: no order-book sample. Net counts fees only.

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	1.50 bp	5.0 bp −$5	426.8 bp −$4,268	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	4.3147	−0.214%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3189	−0.116%	$106K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3114	−0.288%	$161K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0017%	1h	4.3180	−0.136%	$7.1M	$38.3M	50x	as long as short
Injective NEAR/USDC PERPshort	+0.0033%	1h	4.1410	−4.230%	$578	$301K	12x
Popdex NEARUSDT	+0.0096%	1h	4.3200	−0.090%	$110K	$496K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3166	−0.169%	$217.9M	$430.2M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3150	−0.206%	$60.7M	$291.2M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3160	−0.183%	$246K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3200	−0.090%	$35.2M	$62.4M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NEARUSDTM	+0.0100%	8h	4.3230	−0.021%	$52.3M	$45.9M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3148	−0.210%	$71.4M	$128.2M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3217	−0.052%	$8.7M	$18.8M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3097	−0.328%	$250K	$899K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3207	−0.074%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3080	−0.368%	$164K	$815K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3214	−0.058%	$283K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3207	−0.074%	$58K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3210	−0.067%	$1K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3201	−0.088%	$5K	$53K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3240	+0.002%	$3.5M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.3212	−0.062%	$31K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3193	−0.107%	$3.6M	$17.2M	25x	as long as short
HTX NEAR-USDT	+0.0122%	8h	4.3190	−0.113%	$460K	$3.8M	75x	as long as short
Aevo NEAR-PERP	+0.0128%	1h	4.3217	−0.050%	$201K	$38K	3x	as long as short
Kalshi KXNEARPERP	+0.0185%	8h	4.3079	−0.370%	$935K	$25.2M	2.2x	as long as short
MEXC NEAR_USDT	+0.0193%	8h	4.3210	−0.067%	$83.4M	$150.7M	200x	as long as short
Binance NEARUSDT	+0.0193%	8h	4.3216	−0.054%	$262.3M	$1.09B	75x	as long as short
Aster NEARUSDT	+0.0195%	8h	4.3202	−0.086%	$2.7M	$4.8M	50x	as long as short
BingX NEAR-USDT	+0.0199%	8h	4.3200	−0.090%	—	$145.1M	—	as long as short
Hyperliquid NEAR	+0.0219%	1h	4.3228	−0.025%	$348.8M	$315.4M	10x	as long as short
01 Exchange NEARUSD	+0.0256%	1h	4.3211	−0.065%	$13K	$7K	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0315% / S −0.0204%	1h	4.3121	−0.272%	$232K	—	100x	as long as short
BloFin NEAR-USDT	+0.0316%	8h	4.3110	−0.298%	$13.2M	$31.8M	75x	as long as short
Backpack NEAR_USDC_PERP	+0.0390%	1h	4.3262	+0.053%	$1.1M	$7.0M	20x	as long as short
Nado NEAR-PERP	+0.0448%	1h	4.3160	−0.183%	$1.7M	$3.2M	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.3137	−0.236%	$2.3M	$16.8M	50x	as long as short
Lighter RH NEAR	+0.0512%	1h	4.3262	+0.053%	$1.5M	$6.6M	10x	as long as short
Arcus NEAR-USD	+0.0638%	1h	4.3220	−0.044%	$226K	$1.6M	10x	as long as short
Lighter NEAR	+0.0704%	1h	4.3262	+0.054%	$17.0M	$25.1M	15x	as long as short
Pacifica NEAR	+0.0949%	1h	4.3224	−0.034%	$407K	$1.5M	10x	as long as short
Phoenix NEAR	+0.0949%	1h	4.3179	−0.139%	$1.8M	$2.4M	10x	as long as short
RISEx NEAR/USDC	+0.0965%	1h	4.3214	−0.059%	$599K	$1.4M	10x	as long as short
Deribit NEAR_USDC-PERPETUALlong	+0.1093%	1h	4.3239	long leg	$1.9M	$13.2M	25x
Aftermath Perps NEARUSD	+0.1248%	1h	4.3207	−0.073%	$5K	$7K	10x	as long as short