Funding you earn now, next payment 21:00 UTC+0.0130%/8h= +14.2% APRnext payment +$0.16 per $10,000 · paid last 24h +0.041%
Price spread now: Deribit against Extended+0.177%7-day average +0.112% · you sell dearer than you buy
Net, funding: paid 7d − costs+$5as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$270.267% of the position
Funding, last 7 days+0.318%+$32 on $10k
+Price spread, last 3 days (all we have)+1.079%+$108 · spread now +0.177%, 7d avg +0.112%
=Together, before fees+1.397%+ Points / potential airdropExtended: Active · farm board+$140 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Deribit is 0.065% dearer against Extended than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.112%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended NEAR-USD | 4.1225 | 0.0056 | pay 0.0007% / 1h | 31m 55s | $3.6M | $14.6M | 25x |
| Short | Deribit NEAR_USDC-PERPETUAL | 4.1298 | 0.0186 | get 0.0023% / 1h | 31m 55s | $1.8M | $2.0M | 25x |
Extended NEAR-USD
Deribit NEAR_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Extended. 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
- $27.3
- Price spread: +0.177% → +0.112%
- $6.5
- Slippage, 4 orders
- −$14.72
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $7.08
- Costs to cover
- 0.267%
- Break-even
- 5.2 days
Slippage from Extended: live order book, 3 min ago; Deribit: 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 Extended live order book, 3 min ago | 0.61 bp | 4.6 bp −$5 | 12.5 bp −$125 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 3 min ago | 4.49 bp | 8.5 bp −$8 | 14.2 bp −$142 | 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 | 4.1249 | +0.058% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.1321 | +0.232% | $104K | $54K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.1388 | +0.395% | $312K | $19.8M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.1254 | +0.070% | $200K | — | 150x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0008% | 1h | 4.1268 | +0.104% | $2.1M | $12.9M | 50x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0013% | 1h | 4.1335 | +0.266% | $7.2M | $35.0M | 50x | as long as short |
| Extended NEAR-USDlong | +0.0056% | 1h | 4.1225 | long leg | $3.6M | $14.6M | 25x | |
| Injective NEAR/USDC PERP | +0.0081% | 1h | 4.1150 | −0.182% | $574 | $186K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.1280 | +0.133% | $107K | $489K | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.1265 | +0.097% | $30K | $2K | 10x | as long as short |
Reya NEARRUSDPERP
dYdX NEAR-USD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
Coinbase International NEAR-PERP-INTX
Kraken Futures PF_NEARUSD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Paradex NEAR-USD-PERPShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster NEARUSDT | +0.0100% | 8h | 4.1290 | +0.158% | $2.8M | $5.8M | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.1342 | +0.284% | $422K | $1.1M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.1240 | +0.036% | $238.0M | $1.10B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.1210 | −0.037% | $210.2M | $429.0M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.1230 | +0.012% | $56.9M | $281.4M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.1320 | +0.230% | $306K | $1.6M | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.1249 | +0.058% | $29.6M | $56.6M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.1240 | +0.036% | $81.6M | $145.9M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.1280 | +0.133% | $56.0M | $46.2M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.1255 | +0.073% | $69.1M | $129.2M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.1230 | +0.012% | — | $135.1M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.1236 | +0.026% | $7.5M | $18.4M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.1246 | +0.050% | $259K | $1.3M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.1320 | +0.230% | $1.4M | $1.2M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.1160 | −0.158% | $179K | $792K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.1296 | +0.172% | $230K | $3.0M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.1275 | +0.121% | $52K | $179K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.1300 | +0.182% | $2K | $1.5M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.1295 | +0.170% | $5K | $46K | 10x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.1280 | +0.133% | $3.8M | $8.4M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.1350 | +0.303% | $236K | $6K | 10x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.1269 | +0.108% | $199K | $64K | 3x | as long as short |
| Lighter RH NEAR | +0.0176% | 1h | 4.1342 | +0.284% | $1.5M | $7.3M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUALshort | +0.0186% | 1h | 4.1298 | +0.177% | $1.8M | $2.0M | 25x | |
| 01 Exchange NEARUSD | +0.0200% | 1h | 4.1316 | +0.221% | $12K | $8K | 10x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.1320 | +0.230% | $12.4M | $33.2M | 75x | as long as short |
| RISEx NEAR/USDC | +0.0365% | 1h | 4.1307 | +0.198% | $393K | $1.2M | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0371% / S −0.0316% | 1h | 4.1245 | +0.048% | $272K | — | 100x | as long as short |
| Nado NEAR-PERP | +0.0392% | 1h | 4.1260 | +0.085% | $1.8M | $4.0M | 10x | as long as short |
| Phoenix NEAR | +0.0474% | 1h | 4.1297 | +0.175% | $1.7M | $2.8M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0565% | 1h | 4.1314 | +0.216% | $1.4M | $4.9M | 20x | as long as short |
| Lighter NEAR | +0.0968% | 1h | 4.1362 | +0.332% | $15.3M | $22.4M | 15x | as long as short |
| Aftermath Perps NEARUSD | +0.1147% | 1h | 4.1215 | −0.024% | $5K | $11K | 10x | as long as short |
| HTX NEAR-USDT | +0.1190% | 8h | 4.1370 | +0.352% | $442K | $3.9M | 75x | as long as short |
| Hyperliquid NEAR | +0.1355% | 1h | 4.1376 | +0.366% | $350.6M | $306.3M | 10x | as long as short |
Aster NEARUSDT
Pacifica NEAR
Binance NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Arcus 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
Phemex NEARUSDT
Bulk NEAR-USD
Aevo NEAR-PERP
Lighter RH NEAR
01 Exchange NEARUSD
BloFin NEAR-USDT
RISEx NEAR/USDC
GMX NEAR/USD [ETH-USDC]
Nado NEAR-PERP
Phoenix NEAR
Backpack NEAR_USDC_PERP
Lighter NEAR
Aftermath Perps NEARUSD
HTX NEAR-USDT
Hyperliquid NEAR