NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0448%/8h= −49.0% APRnext payment −$0.56 per $10,000 · paid last 24h −0.093%

Price spread now: Bulk against Nado+0.613%7-day average −0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs+$19as in the Price arb table

costs, in and out, $10k−$430.432% of the position

Long on Nado Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.105%−$11 on $10k

Price spread, last 4 days (all we have)−1.068%−$107 · spread now +0.613%, 7d avg −0.006%

Together, before fees−1.173%+ Points / potential airdropNado: Active · farm board−$117 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bulk is 0.619% dearer against Nado than usual: you sell high and buy low (spread +0.613% now, against its 7-day average of −0.006%): +$62 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 4.6 days. At the pace of the last 3 days (−0.105% in total) that is about 20 days.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.105% in total (about -11.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.56 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	Nado NEAR-PERP	4.3881	0.0548	pay 0.0068% / 1h	16m 29s	$1.7M	$3.2M	10x
Short	Bulk NEAR-USD	4.4150	0.0100	get 0.0013% / 1h	16m 29s	$252K	−$0	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against Nado. 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 NadobpFee BulkbpOrdersPrice spread, now +0.613%Rate

Funding earned: −$94.03
Price spread: +0.613% → −0.006%: $61.86
Slippage, 4 orders: −$29.2
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$75.37
Costs to cover: 0.432%
Break-even: from the start

Slippage from Nado: live order book, 2 min ago; Bulk: live order book, 27 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 Nado live order book, 2 min ago	0.56 bp	7.6 bp −$8	16.9 bp −$169	doesn't fit	doesn't fit
Sell Bulk live order book, 27 min ago	11.15 bp	14.6 bp −$15	14.6 bp −$146	16.4 bp −$1,644	40.5 bp −$20.2K

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	4.3984	+0.235%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3877	−0.010%	$108K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3949	+0.155%	$164K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.631%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3880	−0.002%	$111K	$484K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3874	−0.016%	$222.5M	$430.1M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3850	−0.071%	$61.9M	$293.6M	50x	as long as short
Bulk NEAR-USDshort	+0.0100%	1h	4.4150	+0.613%	$252K	−$0	10x
Gate NEAR_USDT	+0.0100%	8h	4.3880	−0.002%	$35.6M	$62.1M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3900	+0.043%	$53.1M	$45.9M	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	4.3863	−0.041%	$72.5M	$127.3M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4097	+0.493%	$8.8M	$18.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4272	+0.891%	$259K	$917K	20x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4140	+0.590%	$166K	$804K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3883	+0.005%	$292K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3960	+0.180%	$59K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4010	+0.294%	$1K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4060	+0.408%	$461K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3970	+0.203%	$3.6M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0104%	8h	4.3920	+0.089%	$32K	$585	10x	as long as short
GRVT NEAR_USDT_Perp	+0.0109%	8h	4.4271	+0.889%	$1.5M	$1.5M	10x	as long as short
Extended NEAR-USD	+0.0120%	1h	4.3876	−0.011%	$3.7M	$18.2M	25x	as long as short
Aevo NEAR-PERP	+0.0136%	1h	4.3970	+0.204%	$204K	$38K	3x	as long as short
SoDEX NEAR-USD	+0.0152%	1h	4.3937	+0.128%	$5K	$53K	10x	as long as short
BingX NEAR-USDT	+0.0200%	8h	4.3870	−0.025%	—	$144.0M	—	as long as short
MEXC NEAR_USDT	+0.0212%	8h	4.3900	+0.043%	$78.2M	$149.7M	200x	as long as short
Binance NEARUSDT	+0.0213%	8h	4.3888	+0.016%	$267.2M	$1.08B	75x	as long as short
Kalshi KXNEARPERP	+0.0242%	8h	4.4068	+0.426%	$1.0M	$24.9M	2.2x	as long as short
Aster NEARUSDT	+0.0291%	8h	4.3881	+0.001%	$2.8M	$4.8M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0314% / S −0.0199%	1h	4.3953	+0.164%	$234K	—	100x	as long as short
BloFin NEAR-USDT	+0.0333%	8h	4.3940	+0.134%	$13.5M	$32.5M	75x	as long as short
Backpack NEAR_USDC_PERP	+0.0420%	1h	4.3959	+0.178%	$1.3M	$6.9M	20x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0424%	1h	4.3986	+0.239%	$2.3M	$16.6M	50x	as long as short
01 Exchange NEARUSD	+0.0456%	1h	4.3994	+0.258%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0509%	1h	4.3913	+0.073%	$358.3M	$313.3M	10x	as long as short
Nado NEAR-PERPlong	+0.0548%	1h	4.3881	long leg	$1.7M	$3.2M	10x
Kraken Futures PF_NEARUSD	+0.0664%	1h	4.3923	+0.097%	$7.2M	$38.2M	50x	as long as short
Lighter NEAR	+0.0800%	1h	4.3981	+0.228%	$17.3M	$25.3M	15x	as long as short
Arcus NEAR-USD	+0.0880%	1h	4.3920	+0.089%	$226K	$1.6M	10x	as long as short
Lighter RH NEAR	+0.0888%	1h	4.3960	+0.180%	$1.5M	$6.7M	10x	as long as short
Phoenix NEAR	+0.1003%	1h	4.4318	+0.996%	$1.8M	$2.5M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1162%	1h	4.3985	+0.237%	$1.9M	$13.0M	25x	as long as short
Pacifica NEAR	+0.1187%	1h	4.3932	+0.117%	$419K	$1.4M	10x	as long as short
RISEx NEAR/USDC	+0.1259%	1h	4.3910	+0.067%	$663K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1305%	1h	4.4116	+0.535%	$5K	$12K	10x	as long as short