Funding you earn now, next payment 07:00 UTC+0.0884%/8h= +96.8% APRpaid last 24h +0.080%
Price spread now: Deribit against MEXC−0.052%7-day average +0.088% · you buy dearer than you sell
Net, funding: paid 7d − costs+$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$210.209% of the position
Funding, last 7 days+0.405%+$41 on $10k
+Price spread, last 4 days (all we have)+0.276%+$28 · spread now −0.052%, 7d avg +0.088%
=Funding pays, the price is against you. Deribit is 0.140% cheaper against MEXC than usual: you would sell low and buy high (spread −0.052% now, against its 7-day average of +0.088%). If the spread goes back, that is −$14 on $10k: about 13 hours of funding at the current rate (+$27 a day). At the pace of the last 7 days (+0.405% in total) that is about 2.4 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.405% in total (about 21.1% a year). A funding rate is set anew for every payment. 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 | MEXC NEAR_USDT | 4.4270 | 0.0201 | pay 0.0201% / 8h | 1h 25m | $80.5M | $148.8M | 200x |
| Short | Deribit NEAR_USDC-PERPETUAL | 4.4247 | 0.1085 | get 0.0136% / 1h | 25m 45s | $1.9M | $13.1M | 25x |
MEXC NEAR_USDT
Deribit NEAR_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against MEXC. 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
- $185.64
- Price spread: −0.052% → +0.088%
- −$13.97
- Slippage, 4 orders
- −$13.87
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $150.79
- Costs to cover
- 0.209%
- Break-even
- 1.3 days
Slippage from MEXC: 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 MEXC live order book, 3 min ago | 2.28 bp | 2.8 bp −$3 | 4.8 bp −$48 | 44.2 bp −$4,417 | 89.0 bp −$44.5K |
| Sell Deribit live order book, 3 min ago | 3.07 bp | 7.9 bp −$8 | 11.2 bp −$112 | 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 | 4.4187 | −0.189% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.4161 | −0.246% | $109K | $68K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.4186 | −0.190% | $165K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −6.460% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.4180 | −0.203% | $112K | $491K | 50x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.4230 | −0.090% | $224.2M | $433.0M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.4250 | −0.045% | $62.6M | $297.0M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.4350 | +0.181% | $253K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.4199 | −0.160% | $35.4M | $61.6M | 75x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.4230 | −0.090% | $53.6M | $46.1M | 75x | as long as short |
Reya NEARRUSDPERP
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Bulk NEAR-USD
Gate NEAR_USDT
KuCoin NEARUSDTMShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget NEARUSDT | +0.0100% | 8h | 4.4129 | −0.319% | $72.5M | $127.5M | 75x | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.4187 | −0.187% | $8.8M | $18.6M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.4018 | −0.569% | $257K | $914K | 20x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.4010 | −0.587% | $166K | $805K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.4212 | −0.131% | $293K | $4.1M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.4220 | −0.113% | $59K | $236K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.4250 | −0.045% | $2K | $1.3M | 20x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.4370 | +0.226% | $465K | $3.9M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.4240 | −0.068% | $3.6M | $8.2M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0105% | 8h | 4.4160 | −0.248% | $32K | $585 | 10x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0113% | 8h | 4.4260 | −0.023% | $1.5M | $1.5M | 10x | as long as short |
| Aevo NEAR-PERP | +0.0128% | 1h | 4.4235 | −0.079% | $206K | $38K | 3x | as long as short |
| Extended NEAR-USD | +0.0184% | 1h | 4.4209 | −0.137% | $3.7M | $18.4M | 25x | as long as short |
| SoDEX NEAR-USD | +0.0190% | 1h | 4.4205 | −0.147% | $5K | $52K | 10x | as long as short |
| BingX NEAR-USDC | +0.0193% | 8h | 4.4200 | −0.158% | — | $6.7M | — | as long as short |
| MEXC NEAR_USDTlong | +0.0201% | 8h | 4.4270 | long leg | $80.5M | $148.8M | 200x | |
| Binance NEARUSDT | +0.0205% | 8h | 4.4222 | −0.109% | $269.8M | $1.08B | 75x | as long as short |
| Kalshi KXNEARPERP | +0.0254% | 8h | 4.4212 | −0.131% | $1.0M | $25.0M | 2.2x | as long as short |
| Aster NEARUSDT | +0.0304% | 8h | 4.4176 | −0.212% | $2.8M | $5.0M | 50x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0314% / S −0.0198% | 1h | 4.3978 | −0.659% | $234K | — | 100x | as long as short |
| BloFin NEAR-USDT | +0.0321% | 8h | 4.4060 | −0.474% | $13.7M | $32.5M | 75x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0412% | 1h | 4.4276 | +0.014% | $1.4M | $6.8M | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0424% | 1h | 4.4267 | −0.007% | $2.3M | $16.8M | 50x | as long as short |
| 01 Exchange NEARUSD | +0.0440% | 1h | 4.4213 | −0.129% | $13K | $7K | 10x | as long as short |
| Hyperliquid NEAR | +0.0463% | 1h | 4.4192 | −0.176% | $360.6M | $315.1M | 10x | as long as short |
| Nado NEAR-PERP | +0.0596% | 1h | 4.4173 | −0.219% | $1.7M | $3.2M | 10x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0660% | 1h | 4.4194 | −0.173% | $7.3M | $38.3M | 50x | as long as short |
| Lighter NEAR | +0.0832% | 1h | 4.4267 | −0.007% | $17.4M | $25.2M | 15x | as long as short |
| Arcus NEAR-USD | +0.0880% | 1h | 4.4200 | −0.158% | $224K | $1.6M | 10x | as long as short |
| Lighter RH NEAR | +0.0920% | 1h | 4.4274 | +0.009% | $1.5M | $6.7M | 10x | as long as short |
| Phoenix NEAR | +0.1003% | 1h | 4.4297 | +0.061% | $1.8M | $2.5M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUALshort | +0.1085% | 1h | 4.4247 | −0.052% | $1.9M | $13.1M | 25x | |
| Pacifica NEAR | +0.1187% | 1h | 4.4204 | −0.149% | $422K | $1.4M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1253% | 1h | 4.4200 | −0.157% | $5K | $12K | 10x | as long as short |
| RISEx NEAR/USDC | +0.1259% | 1h | 4.4229 | −0.093% | $665K | $1.4M | 10x | as long as short |
Bitget NEARUSDT
Variational Omni NEAR
edgeX NEARUSDC
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
HTX NEAR-USDT
Phemex NEARUSDT
Paradex NEAR-USD-PERP
GRVT NEAR_USDT_Perp
Aevo NEAR-PERP
Extended NEAR-USD
SoDEX NEAR-USD
BingX NEAR-USDC
Binance NEARUSDT
Kalshi KXNEARPERP
Aster NEARUSDT
GMX NEAR/USD [ETH-USDC]
BloFin NEAR-USDT
Backpack NEAR_USDC_PERP
Coinbase International NEAR-PERP-INTX
01 Exchange NEARUSD
Hyperliquid NEAR
Nado NEAR-PERP
Kraken Futures PF_NEARUSD
Lighter NEAR
Arcus NEAR-USD
Lighter RH NEAR
Phoenix NEAR
Pacifica NEAR
Aftermath Perps NEARUSD
RISEx NEAR/USDC