Funding you earn now, next payment 03:00 UTC−0.0177%/8h= −19.4% APRpaid last 24h −0.050%
Price spread now: KuCoin against Deribit−0.119%53s7-day average −0.039% · you buy dearer than you sell
Net, funding: paid 7d − costs−$87as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$510.512% of the position
Funding, last 7 days−0.353%−$35 on $10k
+Price spread, last 4 days (all we have)−0.900%−$90 · spread now −0.119%, 7d avg −0.039%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and KuCoin is 0.080% cheaper against Deribit than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.039%). Swap the legs. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit NEAR_USDC-PERPETUAL | 4.3632 | 0.0277 | pay 0.0035% / 1h | 46m 21s | $1.9M | $4.3M | 25x |
| Short | KuCoin NEARUSDTM | 4.3580 | 0.0100 | get 0.0100% / 8h | 5h 46m | $54.7M | $44.2M | 75x |
Deribit NEAR_USDC-PERPETUAL
KuCoin NEARUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$37.17
- Price spread: −0.119% → −0.039%
- −$7.97
- Slippage, 4 orders
- −$32.19
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$96.33
- Costs to cover
- 0.512%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 3 min ago; KuCoin: 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 Deribit live order book, 3 min ago | 3.43 bp | 9.0 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 1.14 bp | 17.9 bp −$18 | 35.7 bp −$357 | 100.8 bp −$10.1K | 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 | 4.3545 | −0.200% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0016% | 1h | 4.3661 | +0.066% | $2.2M | $14.1M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3472 | −0.366% | $107K | $70K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.3642 | +0.023% | $567K | $19.3M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.3560 | −0.164% | $197K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −5.093% | $578 | $302K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3540 | −0.211% | $114K | $483K | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.3470 | −0.372% | $410K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.3595 | −0.085% | $265.0M | $1.07B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3580 | −0.119% | $219.8M | $416.8M | 75x | as long as short |
Reya NEARRUSDPERP
Coinbase International NEAR-PERP-INTX
dYdX NEAR-USD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Pacifica NEAR
Binance NEARUSDT
Bybit NEARUSDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3570 | −0.142% | $62.1M | $288.0M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3657 | +0.057% | $249K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3571 | −0.140% | $31.4M | $61.9M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.3600 | −0.073% | $75.2M | $140.1M | 200x | as long as short |
| KuCoin NEARUSDTMshort | +0.0100% | 8h | 4.3580 | −0.119% | $54.7M | $44.2M | 75x | |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3545 | −0.199% | $71.5M | $126.2M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.3580 | −0.119% | — | $144.2M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.3926 | +0.675% | $8.5M | $18.2M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3629 | −0.008% | $262K | $1.0M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3910 | +0.637% | $1.5M | $1.4M | 10x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3590 | −0.096% | $205K | $3.6M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.3592 | −0.092% | $60K | $191K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3690 | +0.133% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.3585 | −0.108% | $5K | $50K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.3690 | +0.133% | $457K | $3.8M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3590 | −0.096% | $3.8M | $8.1M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.3468 | −0.376% | $31K | $608 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.3477 | −0.355% | $3.8M | $18.5M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.3585 | −0.108% | $203K | $34K | 3x | as long as short |
| Aster NEARUSDT | +0.0194% | 8h | 4.3509 | −0.281% | $3.0M | $5.5M | 50x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.3510 | −0.280% | — | $30.3M | 75x | as long as short |
| ApeX Omni NEARUSDT | +0.0231% | 1h | 4.3580 | −0.119% | $194K | $778K | 50x | as long as short |
| Deribit NEAR_USDC-PERPETUALlong | +0.0277% | 1h | 4.3632 | long leg | $1.9M | $4.3M | 25x | |
| GMX NEAR/USD [ETH-USDC] | L +0.0348% / S −0.0244% | 1h | 4.3562 | −0.161% | $255K | — | 100x | as long as short |
| 01 Exchange NEARUSD | +0.0392% | 1h | 4.3525 | −0.245% | $13K | $7K | 10x | as long as short |
| Arcus NEAR-USD | +0.0410% | 1h | 4.3530 | −0.234% | $207K | $1.7M | 10x | as long as short |
| Nado NEAR-PERP | +0.0411% | 1h | 4.3525 | −0.245% | $1.9M | $3.0M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0666% | 1h | 4.3649 | +0.039% | $1.5M | $6.5M | 20x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0706% | 1h | 4.3611 | −0.048% | $8.1M | $41.0M | 50x | as long as short |
| Lighter RH NEAR | +0.0712% | 1h | 4.3564 | −0.156% | $1.6M | $6.9M | 10x | as long as short |
| Hyperliquid NEAR | +0.0745% | 1h | 4.3609 | −0.053% | $367.1M | $304.9M | 10x | as long as short |
| Phoenix NEAR | +0.0855% | 1h | 4.3669 | +0.085% | $1.8M | $2.7M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0924% | 1h | 4.3530 | −0.233% | $550K | $1.3M | 10x | as long as short |
| Lighter NEAR | +0.1312% | 1h | 4.3566 | −0.151% | $17.4M | $25.6M | 15x | as long as short |
| Aftermath Perps NEARUSD | +0.1752% | 1h | 4.3691 | +0.136% | $6K | $12K | 10x | as long as short |
OKX NEAR-USDT-SWAP
Bulk NEAR-USD
Gate NEAR_USDT
MEXC NEAR_USDT
Bitget NEARUSDT
BingX NEAR-USDT
Variational Omni NEAR
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
Polymarket Perps NEAR-USD
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
SoDEX NEAR-USD
HTX NEAR-USDT
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Extended NEAR-USD
Aevo NEAR-PERP
Aster NEARUSDT
BloFin NEAR-USDT
ApeX Omni NEARUSDT
GMX NEAR/USD [ETH-USDC]
01 Exchange NEARUSD
Arcus NEAR-USD
Nado NEAR-PERP
Backpack NEAR_USDC_PERP
Kraken Futures PF_NEARUSD
Lighter RH NEAR
Hyperliquid NEAR
Phoenix NEAR
RISEx NEAR/USDC
Lighter NEAR
Aftermath Perps NEARUSD