NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0029%/8h= +3.2% APRnext payment +$0.04 per $10,000 · paid last 24h +0.010%

Price spread now: Injective against gTrade (Gains Network)−6.282%55s7-day average +0.643% · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Injective

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.108%+$11 on $10k

Price spread, last 4 days (all we have)+8.419%+$842 · spread now −6.282%, 7d avg +0.643%

Together, before fees+8.527%+$853 on $10k · with fees, hour by hour

Funding pays, the price is against you. Injective is 6.925% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −6.282% now, against its 7-day average of +0.643%). If the spread goes back, that is −$693 on $10k: about years of funding at the current rate (+$1 a day). At the pace of the last 3 days (+0.108% in total) that is about 7 months. The two prices were read 55 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	gTrade (Gains Network) NEAR/USD	4.4186	L +0.0004% / S −0.0006%	pay 0.0001% / 1h	25m 33s	$165K	—	150x
Short	Injective NEAR/USDC PERP	4.1410	0.0033	get 0.0004% / 1h	25m 33s	$578	$301K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee InjectivebpOrdersPrice spread, now −6.282%Rate

Funding earned: $6.1
Price spread: −6.282% → +0.643%: −$692.51
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$696.44
Costs to cover: 0.100%
Break-even: 806.5 days

Slippage unknown: gTrade (Gains Network): virtual book (oracle venue), 18 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 gTrade (Gains Network) virtual book (oracle venue), 18 min ago	130.01 bp	135.0 bp −$135	875.9 bp −$8,759	9405.5 bp −$940.5K	doesn't fit
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	4.4187	+0.002%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4161	−0.056%	$109K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USDlong	L +0.0004% / S −0.0006%	1h	4.4186	long leg	$165K	—	150x
Injective NEAR/USDC PERPshort	+0.0033%	1h	4.1410	−6.282%	$578	$301K	12x
Popdex NEARUSDT	+0.0096%	1h	4.4280	+0.213%	$112K	$491K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4307	+0.274%	$224.6M	$433.1M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4320	+0.304%	$62.7M	$297.5M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4350	+0.372%	$253K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4220	+0.077%	$35.5M	$61.6M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4230	+0.100%	$53.6M	$46.1M	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	4.4231	+0.102%	$72.6M	$127.6M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4187	+0.003%	$8.8M	$18.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4030	−0.352%	$257K	$915K	20x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4010	−0.398%	$166K	$805K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4212	+0.059%	$293K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4220	+0.077%	$59K	$236K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4250	+0.145%	$2K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4370	+0.417%	$465K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4240	+0.123%	$3.6M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0105%	8h	4.4160	−0.058%	$32K	$585	10x	as long as short
GRVT NEAR_USDT_Perp	+0.0108%	8h	4.4030	−0.354%	$1.5M	$1.5M	10x	as long as short
Aevo NEAR-PERP	+0.0128%	1h	4.4235	+0.111%	$206K	$38K	3x	as long as short
Extended NEAR-USD	+0.0184%	1h	4.4244	+0.133%	$3.7M	$18.4M	25x	as long as short
SoDEX NEAR-USD	+0.0190%	1h	4.4205	+0.043%	$5K	$52K	10x	as long as short
BingX NEAR-USDT	+0.0193%	8h	4.4250	+0.145%	—	$144.2M	—	as long as short
MEXC NEAR_USDT	+0.0201%	8h	4.4270	+0.191%	$80.5M	$148.8M	200x	as long as short
Binance NEARUSDT	+0.0205%	8h	4.4318	+0.300%	$270.4M	$1.08B	75x	as long as short
Kalshi KXNEARPERP	+0.0254%	8h	4.4212	+0.059%	$1.0M	$25.0M	2.2x	as long as short
Aster NEARUSDT	+0.0304%	8h	4.4274	+0.199%	$2.8M	$5.0M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0314% / S −0.0198%	1h	4.3978	−0.469%	$234K	—	100x	as long as short
BloFin NEAR-USDT	+0.0321%	8h	4.4060	−0.285%	$13.7M	$32.5M	75x	as long as short
Backpack NEAR_USDC_PERP	+0.0412%	1h	4.4276	+0.204%	$1.4M	$6.8M	20x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0424%	1h	4.4267	+0.184%	$2.3M	$16.8M	50x	as long as short
01 Exchange NEARUSD	+0.0440%	1h	4.4323	+0.311%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0463%	1h	4.4192	+0.014%	$360.6M	$315.1M	10x	as long as short
Nado NEAR-PERP	+0.0584%	1h	4.4295	+0.247%	$1.7M	$3.2M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0660%	1h	4.4194	+0.018%	$7.3M	$38.3M	50x	as long as short
Lighter NEAR	+0.0832%	1h	4.4267	+0.183%	$17.4M	$25.2M	15x	as long as short
Arcus NEAR-USD	+0.0880%	1h	4.4300	+0.258%	$228K	$1.6M	10x	as long as short
Lighter RH NEAR	+0.0920%	1h	4.4274	+0.200%	$1.5M	$6.7M	10x	as long as short
Phoenix NEAR	+0.1003%	1h	4.4297	+0.252%	$1.8M	$2.5M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1085%	1h	4.4247	+0.139%	$1.9M	$13.1M	25x	as long as short
Pacifica NEAR	+0.1187%	1h	4.4204	+0.041%	$422K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1253%	1h	4.4200	+0.033%	$5K	$12K	10x	as long as short
RISEx NEAR/USDC	+0.1259%	1h	4.4229	+0.097%	$665K	$1.4M	10x	as long as short