NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.026%

Price spread now: Polymarket Perps against dYdX−0.060%7-day average +0.060% · you buy dearer than you sell

Net, funding: paid 7d − costs−$178as in the Funding arb table

Net, price: spread back to 7d avg − costs−$207as in the Price arb table

costs, in and out, $10k−$1951.953% of the position

Long on dYdX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.175%+$18 on $10k

Price spread, last 4 days (all we have)+0.767%+$77 · spread now −0.060%, 7d avg +0.060%

Together, before fees+0.942%+$94 on $10k · with fees, hour by hour

Funding pays, the price is against you. Polymarket Perps is 0.120% cheaper against dYdX than usual: you would sell low and buy high (spread −0.060% now, against its 7-day average of +0.060%). If the spread goes back, that is −$12 on $10k: about 4.0 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX NEAR-USD	4.4159	0	get 0.0000% / 1h	12m 15s	$109K	$70K	10x
Short	Polymarket Perps NEAR-USD	4.4132	0.0100	get 0.0013% / 1h	12m 15s	$244K	$3.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.060%Rate

Funding earned: $21
Price spread: −0.060% → +0.060%: −$12.01
Slippage, 4 orders: −$177.3
Fee dYdX: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$186.31
Costs to cover: 1.953%
Break-even: 69.1 days

Slippage from dYdX: live order book, 47 min ago; Polymarket Perps: live order book, 2 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, 47 min ago	84.80 bp	89.8 bp −$90	89.8 bp −$898	109.0 bp −$10.9K	146.4 bp −$73.2K
Sell Polymarket Perps live order book, 2 min ago	1.81 bp	6.0 bp −$6	8.6 bp −$86	doesn't fit	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	4.4071	−0.198%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0008%	1h	4.4127	−0.071%	$2.2M	$15.5M	50x	as long as short
dYdX NEAR-USDlong	0.0000%	1h	4.4159	long leg	$109K	$70K	10x
Kalshi KXNEARPERP	0.0000%	8h	4.4155	−0.008%	$620K	$22.3M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4078	−0.181%	$165K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.224%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4150	−0.019%	$113K	$517K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4188	+0.068%	$420K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4136	−0.052%	$271.5M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4090	−0.155%	$222.0M	$424.0M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4120	−0.087%	$62.9M	$298.4M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4054	−0.236%	$251K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4104	−0.124%	$32.1M	$64.3M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4140	−0.042%	$74.9M	$150.1M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4130	−0.065%	$54.9M	$46.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4104	−0.124%	$72.5M	$130.0M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.4120	−0.087%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4137	−0.048%	$8.6M	$18.1M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4159	+0.001%	$265K	$980K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4070	−0.201%	$1.5M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4090	−0.155%	$170K	$801K	50x	as long as short
Polymarket Perps NEAR-USDshort	+0.0100%	1h	4.4132	−0.060%	$244K	$3.9M	10x
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4109	−0.112%	$56K	$227K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4170	+0.026%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4180	+0.049%	$457K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4150	−0.019%	$3.8M	$8.4M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4154	−0.009%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4130	−0.066%	$205K	$40K	3x	as long as short
SoDEX NEAR-USD	+0.0176%	1h	4.4080	−0.178%	$8K	$52K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4170	+0.026%	$13.8M	$32.8M	75x	as long as short
Aster NEARUSDT	+0.0307%	8h	4.4110	−0.110%	$3.0M	$5.5M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0321% / S −0.0190%	1h	4.4080	−0.177%	$234K	—	100x	as long as short
Backpack NEAR_USDC_PERP	+0.0335%	1h	4.4145	−0.031%	$1.3M	$6.5M	20x	as long as short
01 Exchange NEARUSD	+0.0344%	1h	4.4205	+0.105%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0377%	1h	4.4163	+0.010%	$364.3M	$325.0M	10x	as long as short
Extended NEAR-USD	+0.0448%	1h	4.4054	−0.236%	$3.9M	$19.6M	25x	as long as short
Nado NEAR-PERP	+0.0549%	1h	4.4065	−0.212%	$1.9M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0581%	1h	4.4190	+0.071%	$218K	$1.8M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0589%	1h	4.4107	−0.116%	$8.1M	$39.6M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0612%	1h	4.4110	−0.110%	$2.0M	$7.3M	25x	as long as short
Lighter RH NEAR	+0.0680%	1h	4.4163	+0.010%	$1.5M	$7.2M	10x	as long as short
Phoenix NEAR	+0.0794%	1h	4.4173	+0.033%	$1.8M	$2.8M	10x	as long as short
RISEx NEAR/USDC	+0.0926%	1h	4.4197	+0.087%	$592K	$1.4M	10x	as long as short
Lighter NEAR	+0.0976%	1h	4.4181	+0.051%	$17.8M	$26.5M	15x	as long as short
Aftermath Perps NEARUSD	+0.1577%	1h	4.4148	−0.024%	$5K	$12K	10x	as long as short