Funding you earn now, next payment 10:00 UTC+0.0504%/8h= +55.2% APRnext payment +$0.63 per $10,000 · paid last 24h +0.026%
Price spread now: Coinbase International against dYdX−0.132%86s7-day average +0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$144as 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−$1441.441% of the position
Funding, last 7 days+0.005%$0 on $10k
+Price spread, last 4 days (all we have)+0.394%+$39 · spread now −0.132%, 7d avg +0.001%
=Funding pays, the price is against you. Coinbase International is 0.133% cheaper against dYdX than usual: you would sell low and buy high (spread −0.132% now, against its 7-day average of +0.001%). If the spread goes back, that is −$13 on $10k: about 21 hours of funding at the current rate (+$15 a day). At the pace of the last 7 days (+0.005% in total) that is about 6 months. The two prices were read 86 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 0.005% in total (about 0.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.63 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX NEAR-USD | 4.4874 | 0 | get 0.0000% / 1h | 46m 37s | $110K | $53K | 10x |
| Short | Coinbase International NEAR-PERP-INTX | 4.4815 | 0.0504 | get 0.0063% / 1h | 46m 37s | $2.3M | $17.6M | 50x |
dYdX NEAR-USD
Coinbase International NEAR-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against dYdX. 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
- $105.84
- Price spread: −0.132% → +0.001%
- −$13.28
- Slippage, 4 orders
- −$124.08
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$51.52
- Costs to cover
- 1.441%
- Break-even
- 10.4 days
Slippage from dYdX: live order book, just now; Coinbase International: live order book, 6 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 dYdX live order book, just now | 28.98 bp | 34.0 bp −$34 | 62.5 bp −$625 | 93.2 bp −$9,315 | 120.6 bp −$60.3K |
| Sell Coinbase International live order book, 6 min ago | 3.89 bp | 10.6 bp −$11 | 18.5 bp −$185 | 794.9 bp −$79.5K | doesn't fit |
NEAR on 45 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_NEARUSD | −0.0236% | 1h | 4.4721 | −0.342% | $7.4M | $36.9M | 50x | as long as short |
| Reya NEARRUSDPERP | −0.0171% | 1h | 4.4779 | −0.213% | $2K | — | 20x | as long as short |
| dYdX NEAR-USDlong | 0.0000% | 1h | 4.4874 | long leg | $110K | $53K | 10x | |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.4844 | −0.068% | $842K | $26.1M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.4755 | −0.265% | $168K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −7.720% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.4840 | −0.077% | $123K | $503K | 50x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.4740 | −0.299% | $2.6M | $4.7M | 50x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.4730 | −0.321% | $271.4M | $1.08B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.4720 | −0.344% | $230.8M | $427.5M | 75x | as long as short |
Kraken Futures PF_NEARUSD
Reya NEARRUSDPERP
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Aster NEARUSDT
Binance NEARUSDT
Bybit NEARUSDTShow all 45 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.4720 | −0.344% | $64.0M | $297.4M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.4750 | −0.277% | $267K | $12K | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.4717 | −0.351% | $39.7M | $62.1M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.4740 | −0.299% | $76.6M | $167.9M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.4740 | −0.299% | $53.1M | $43.8M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.4704 | −0.380% | $74.2M | $126.3M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.4720 | −0.344% | — | $76.7M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.4874 | −0.002% | $8.9M | $16.4M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.4861 | −0.030% | $265K | $869K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.4860 | −0.032% | $1.5M | $1.7M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.4790 | −0.188% | $167K | $823K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.4847 | −0.061% | $278K | $4.0M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.4786 | −0.197% | $58K | $269K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.4950 | +0.169% | $2K | $1.3M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.4755 | −0.266% | $5K | $39K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.4860 | −0.032% | $465K | $3.7M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.4790 | −0.188% | $3.4M | $7.9M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0102% | 8h | 4.4716 | −0.353% | $33K | $245 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.4713 | −0.360% | $3.8M | $15.0M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.4749 | −0.279% | $208K | $38K | 3x | as long as short |
| Hyperliquid NEAR | +0.0182% | 1h | 4.4777 | −0.217% | $360.7M | $314.8M | 10x | as long as short |
| Nado NEAR-PERP | +0.0211% | 1h | 4.4845 | −0.065% | $1.8M | $3.1M | 10x | as long as short |
| 01 Exchange NEARUSD | +0.0216% | 1h | 4.4822 | −0.117% | $13K | $4K | 10x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.4750 | −0.277% | $12.8M | $32.4M | 75x | as long as short |
| Lighter NEAR | +0.0264% | 1h | 4.4767 | −0.239% | $17.5M | $23.3M | 15x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0341% / S −0.0226% | 1h | 4.4760 | −0.255% | $262K | — | 100x | as long as short |
| Arcus NEAR-USD | +0.0343% | 1h | 4.4750 | −0.277% | $226K | $1.4M | 10x | as long as short |
| Lighter RH NEAR | +0.0360% | 1h | 4.4770 | −0.232% | $1.6M | $5.8M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0443% | 1h | 4.4791 | −0.186% | $1.9M | $13.0M | 25x | as long as short |
| RISEx NEAR/USDC | +0.0489% | 1h | 4.4737 | −0.305% | $632K | $1.6M | 10x | as long as short |
| Coinbase International NEAR-PERP-INTXshort | +0.0504% | 1h | 4.4815 | −0.132% | $2.3M | $17.6M | 50x | |
| Backpack NEAR_USDC_PERP | +0.0641% | 1h | 4.4791 | −0.186% | $1.1M | $7.1M | 20x | as long as short |
| Phoenix NEAR | +0.0741% | 1h | 4.5070 | +0.436% | $1.7M | $2.7M | 10x | as long as short |
| Pacifica NEAR | +0.0851% | 1h | 4.4737 | −0.306% | $419K | $1.3M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1131% | 1h | 4.4863 | −0.026% | $6K | $6K | 10x | as long as short |
OKX NEAR-USDT-SWAP
Bulk NEAR-USD
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
SoDEX NEAR-USD
HTX NEAR-USDT
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Extended NEAR-USD
Aevo NEAR-PERP
Hyperliquid NEAR
Nado NEAR-PERP
01 Exchange NEARUSD
BloFin NEAR-USDT
Lighter NEAR
GMX NEAR/USD [ETH-USDC]
Arcus NEAR-USD
Lighter RH NEAR
Deribit NEAR_USDC-PERPETUAL
RISEx NEAR/USDC
Backpack NEAR_USDC_PERP
Phoenix NEAR
Pacifica NEAR
Aftermath Perps NEARUSD