NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0673%/8h= +73.7% APRnext payment +$0.84 per $10,000 · paid last 24h +0.098%

Price spread now: Deribit against Injective+6.172%7-day average −0.569% · you sell dearer than you buy

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

Long on Injective Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.358%+$36 on $10k

Price spread, last 4 days (all we have)−8.268%−$827 · spread now +6.172%, 7d avg −0.569%

Together, before fees−7.910%−$791 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and Deribit is 6.742% dearer against Injective than usual: you sell high and buy low: +$674 more if the spread goes back to its 7-day average of −0.569%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.358% in total (about 18.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.84 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective NEAR/USDC PERP	4.1410	0.0033	pay 0.0004% / 1h	29m 19s	$578	$301K	12x
Short	Deribit NEAR_USDC-PERPETUAL	4.3966	0.0706	get 0.0088% / 1h	29m 19s	$1.9M	$13.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Injective. 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 InjectivebpFee DeribitbpOrdersPrice spread, now +6.172%Rate

Funding earned: $141.26
Price spread: +6.172% → −0.569%: $674.16
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $808.4
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Deribit: live order book, 5 min ago. 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 Injective no order-book sample	—	—	—	—	—
Sell Deribit live order book, 5 min ago	2.82 bp	6.3 bp −$6	13.2 bp −$132	doesn't fit	doesn't fit

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	4.3933	+6.093%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4143	+6.600%	$109K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4222	+6.790%	$165K	—	150x	as long as short
Injective NEAR/USDC PERPlong	+0.0033%	1h	4.1410	long leg	$578	$301K	12x
Popdex NEARUSDT	+0.0096%	1h	4.4030	+6.327%	$111K	$491K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3940	+6.110%	$222.7M	$434.9M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3940	+6.110%	$62.3M	$295.0M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4350	+7.100%	$253K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3930	+6.085%	$35.3M	$61.5M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4030	+6.327%	$53.3M	$46.2M	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	4.3930	+6.085%	$72.6M	$127.0M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4217	+6.779%	$8.8M	$18.7M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4291	+6.957%	$259K	$967K	20x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4270	+6.907%	$167K	$805K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3992	+6.235%	$299K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3964	+6.168%	$59K	$236K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4010	+6.279%	$2K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4010	+6.279%	$462K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3990	+6.230%	$3.6M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0105%	8h	4.4080	+6.447%	$32K	$585	10x	as long as short
GRVT NEAR_USDT_Perp	+0.0113%	8h	4.4260	+6.882%	$1.5M	$1.5M	10x	as long as short
Aevo NEAR-PERP	+0.0128%	1h	4.3965	+6.170%	$204K	$38K	3x	as long as short
SoDEX NEAR-USD	+0.0185%	1h	4.3965	+6.170%	$5K	$53K	10x	as long as short
BingX NEAR-USDT	+0.0194%	8h	4.3940	+6.110%	—	$144.1M	—	as long as short
MEXC NEAR_USDT	+0.0200%	8h	4.3960	+6.158%	$79.9M	$148.3M	200x	as long as short
Binance NEARUSDT	+0.0200%	8h	4.3972	+6.187%	$268.4M	$1.09B	75x	as long as short
Extended NEAR-USD	+0.0216%	1h	4.3929	+6.084%	$3.7M	$18.4M	25x	as long as short
Kalshi KXNEARPERP	+0.0265%	8h	4.4145	+6.605%	$1.1M	$25.1M	2.2x	as long as short
Aster NEARUSDT	+0.0313%	8h	4.3960	+6.158%	$2.8M	$5.0M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0314% / S −0.0197%	1h	4.4211	+6.763%	$234K	—	100x	as long as short
BloFin NEAR-USDT	+0.0320%	8h	4.4290	+6.955%	$13.8M	$32.7M	75x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0424%	1h	4.4046	+6.366%	$2.3M	$16.6M	50x	as long as short
Backpack NEAR_USDC_PERP	+0.0445%	1h	4.4120	+6.544%	$1.4M	$6.8M	20x	as long as short
01 Exchange NEARUSD	+0.0456%	1h	4.4054	+6.385%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0475%	1h	4.3993	+6.238%	$359.5M	$314.3M	10x	as long as short
Nado NEAR-PERP	+0.0611%	1h	4.3975	+6.194%	$1.7M	$3.2M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0664%	1h	4.3921	+6.065%	$7.3M	$38.3M	50x	as long as short
Deribit NEAR_USDC-PERPETUALshort	+0.0706%	1h	4.3966	+6.172%	$1.9M	$13.1M	25x
Lighter NEAR	+0.0840%	1h	4.4053	+6.382%	$17.3M	$25.2M	15x	as long as short
Arcus NEAR-USD	+0.0880%	1h	4.4150	+6.617%	$224K	$1.6M	10x	as long as short
Lighter RH NEAR	+0.0912%	1h	4.4136	+6.583%	$1.5M	$6.7M	10x	as long as short
Phoenix NEAR	+0.1003%	1h	4.4297	+6.972%	$1.8M	$2.5M	10x	as long as short
Pacifica NEAR	+0.1187%	1h	4.4042	+6.356%	$420K	$1.4M	10x	as long as short
RISEx NEAR/USDC	+0.1259%	1h	4.4204	+6.747%	$669K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1271%	1h	4.4286	+6.946%	$6K	$12K	10x	as long as short