NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0033%/8h= +3.6% APRnext payment +$0.04 per $10,000 · paid last 24h +0.011%

Price spread now: Injective against dYdX−5.760%98s7-day average +0.648% · you buy dearer than you sell

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

Long on dYdX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.211%+$21 on $10k

Price spread, last 4 days (all we have)+8.145%+$815 · spread now −5.760%, 7d avg +0.648%

Together, before fees+8.356%+$836 on $10k · with fees, hour by hour

Funding pays, the price is against you. Injective is 6.409% cheaper against dYdX than usual: you would sell low and buy high (spread −5.760% now, against its 7-day average of +0.648%). If the spread goes back, that is −$641 on $10k: about 21 months of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.211% in total) that is about 7 months. The two prices were read 98 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	dYdX NEAR-USD	4.3941	0	get 0.0000% / 1h	15m 35s	$108K	$68K	10x
Short	Injective NEAR/USDC PERP	4.1410	0.0033	get 0.0004% / 1h	15m 35s	$578	$301K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against dYdX. 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 dYdXbpFee InjectivebpOrdersPrice spread, now −5.760%Rate

Funding earned: $7
Price spread: −5.760% → +0.648%: −$640.88
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$643.9
Costs to cover: 0.100%
Break-even: 650.9 days

Slippage unknown: dYdX: live order book, 28 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 dYdX live order book, 28 min ago	63.44 bp	68.4 bp −$68	68.4 bp −$684	113.0 bp −$11.3K	474.4 bp −$237.2K
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	4.3984	+0.098%	$2K	—	20x	as long as short
dYdX NEAR-USDlong	0.0000%	1h	4.3941	long leg	$108K	$68K	10x
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3949	+0.018%	$164K	—	150x	as long as short
Injective NEAR/USDC PERPshort	+0.0033%	1h	4.1410	−5.760%	$578	$301K	12x
Popdex NEARUSDT	+0.0096%	1h	4.4000	+0.134%	$111K	$484K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3950	+0.020%	$222.8M	$430.3M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3940	−0.003%	$62.0M	$294.3M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4150	+0.475%	$252K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3947	+0.013%	$35.7M	$62.1M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3980	+0.088%	$53.3M	$45.9M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NEARUSDT	+0.0100%	8h	4.3962	+0.047%	$72.9M	$127.6M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3847	−0.214%	$8.8M	$18.7M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4016	+0.169%	$257K	$918K	20x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4000	+0.134%	$166K	$804K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3883	−0.132%	$292K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3892	−0.112%	$58K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3960	+0.043%	$1K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3950	+0.020%	$460K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3910	−0.071%	$3.6M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0104%	8h	4.3955	+0.031%	$32K	$585	10x	as long as short
GRVT NEAR_USDT_Perp	+0.0109%	8h	4.4271	+0.751%	$1.5M	$1.5M	10x	as long as short
Extended NEAR-USD	+0.0112%	1h	4.3954	+0.030%	$3.6M	$18.1M	25x	as long as short
Aevo NEAR-PERP	+0.0136%	1h	4.3905	−0.082%	$204K	$38K	3x	as long as short
SoDEX NEAR-USD	+0.0144%	1h	4.3867	−0.169%	$5K	$53K	10x	as long as short
BingX NEAR-USDT	+0.0200%	8h	4.3970	+0.066%	—	$144.1M	—	as long as short
MEXC NEAR_USDT	+0.0212%	8h	4.3990	+0.111%	$78.9M	$149.8M	200x	as long as short
Binance NEARUSDT	+0.0212%	8h	4.3970	+0.066%	$267.7M	$1.08B	75x	as long as short
Kalshi KXNEARPERP	+0.0240%	8h	4.3872	−0.158%	$1.0M	$24.9M	2.2x	as long as short
Aster NEARUSDT	+0.0289%	8h	4.3982	+0.092%	$2.8M	$4.8M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0314% / S −0.0199%	1h	4.3846	−0.217%	$234K	—	100x	as long as short
BloFin NEAR-USDT	+0.0333%	8h	4.3940	−0.003%	$13.5M	$32.5M	75x	as long as short
Backpack NEAR_USDC_PERP	+0.0414%	1h	4.3867	−0.169%	$1.3M	$6.9M	20x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0424%	1h	4.3889	−0.119%	$2.3M	$16.6M	50x	as long as short
01 Exchange NEARUSD	+0.0456%	1h	4.3996	+0.125%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0513%	1h	4.3963	+0.050%	$358.7M	$313.4M	10x	as long as short
Nado NEAR-PERP	+0.0546%	1h	4.3955	+0.032%	$1.7M	$3.2M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0665%	1h	4.3852	−0.203%	$7.2M	$38.2M	50x	as long as short
Lighter NEAR	+0.0800%	1h	4.4006	+0.147%	$17.3M	$25.3M	15x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0822%	1h	4.3903	−0.087%	$1.9M	$13.0M	25x	as long as short
Arcus NEAR-USD	+0.0880%	1h	4.4010	+0.157%	$227K	$1.6M	10x	as long as short
Lighter RH NEAR	+0.0888%	1h	4.3976	+0.079%	$1.5M	$6.7M	10x	as long as short
Phoenix NEAR	+0.1003%	1h	4.4318	+0.857%	$1.8M	$2.5M	10x	as long as short
Pacifica NEAR	+0.1187%	1h	4.3950	+0.019%	$419K	$1.4M	10x	as long as short
RISEx NEAR/USDC	+0.1259%	1h	4.3910	−0.070%	$663K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1305%	1h	4.4116	+0.397%	$5K	$12K	10x	as long as short