Funding you earn now, next payment 06:00 UTC+0.1581%/8h= +173.1% APRpaid last 24h +0.078%
Price spread now: Deribit against Orderly−0.120%55s7-day average +0.064% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.407%+$41 on $10k
+Price spread, last 4 days (all we have)+0.180%+$18 · spread now −0.120%, 7d avg +0.064%
=Funding pays, the price is against you. Deribit is 0.184% cheaper against Orderly than usual: you would sell low and buy high (spread −0.120% now, against its 7-day average of +0.064%). If the spread goes back, that is −$18 on $10k: about 9 hours of funding at the current rate (+$47 a day). At the pace of the last 7 days (+0.407% in total) that is about 3.2 days. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.407% in total (about 21.2% 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 | Orderly PERP_NEAR_USDC | 4.4168 | 0.0100 | pay 0.0100% / 8h | 2h 04m | $58K | $243K | 20x |
| Short | Deribit NEAR_USDC-PERPETUAL | 4.4115 | 0.1681 | get 0.0210% / 1h | 4m 29s | $2.0M | $12.1M | 25x |
Orderly PERP_NEAR_USDC
Deribit NEAR_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Orderly. 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
- $332.01
- Price spread: −0.120% → +0.064%
- −$18.41
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $300.6
- Costs to cover
- 0.130%
- Break-even
- 0.7 days
Slippage unknown: Orderly: 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Deribit live order book, 5 min ago | 3.08 bp | 8.2 bp −$8 | 51.0 bp −$510 | doesn't fit | doesn't fit |
Orderly: 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 | 4.4107 | −0.137% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.4099 | −0.157% | $109K | $68K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.4128 | −0.089% | $166K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −6.244% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.4170 | +0.005% | $117K | $497K | 50x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.4160 | −0.018% | $221.9M | $423.0M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.4140 | −0.063% | $62.3M | $294.4M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3500 | −1.512% | $248K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.4143 | −0.057% | $33.7M | $61.3M | 75x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.4200 | +0.072% | $53.3M | $46.0M | 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 | 4.4110 | −0.131% | $72.8M | $127.0M | 75x | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.4197 | +0.066% | $8.9M | $18.4M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.4038 | −0.295% | $257K | $964K | 20x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.4185 | +0.038% | $272K | $3.9M | 10x | as long as short |
| Orderly PERP_NEAR_USDClong | +0.0100% | 8h | 4.4168 | long leg | $58K | $243K | 20x | |
| SunX NEAR-USDT | +0.0100% | 8h | 4.4130 | −0.086% | $1K | $1.3M | 20x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.4180 | +0.027% | $468K | $4.0M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.4070 | −0.222% | $3.6M | $8.3M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0102% | 8h | 4.4101 | −0.152% | $32K | $608 | 10x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0111% | 8h | 4.4060 | −0.245% | $1.5M | $1.5M | 10x | as long as short |
| Aevo NEAR-PERP | +0.0112% | 1h | 4.4080 | −0.199% | $205K | $40K | 3x | as long as short |
| BingX NEAR-USDC | +0.0130% | 8h | 4.4160 | −0.018% | — | $6.7M | — | as long as short |
| MEXC NEAR_USDT | +0.0142% | 8h | 4.4140 | −0.063% | $83.8M | $146.6M | 200x | as long as short |
| Binance NEARUSDT | +0.0144% | 8h | 4.4190 | +0.050% | $268.6M | $1.09B | 75x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0256% | 1h | 4.4121 | −0.106% | $2.3M | $16.3M | 50x | as long as short |
| BloFin NEAR-USDT | +0.0262% | 8h | 4.4150 | −0.041% | $13.3M | $32.6M | 75x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0314% / S −0.0201% | 1h | 4.4133 | −0.080% | $236K | — | 100x | as long as short |
| Kalshi KXNEARPERP | +0.0314% | 8h | 4.4234 | +0.149% | $1.0M | $24.7M | 2.2x | as long as short |
| Aster NEARUSDT | +0.0342% | 8h | 4.4199 | +0.071% | $2.9M | $5.2M | 50x | as long as short |
| Nado NEAR-PERP | +0.0391% | 1h | 4.4135 | −0.075% | $1.7M | $3.2M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0434% | 1h | 4.4030 | −0.312% | $168K | $797K | 50x | as long as short |
| Extended NEAR-USD | +0.0456% | 1h | 4.4139 | −0.066% | $3.7M | $19.2M | 25x | as long as short |
| SoDEX NEAR-USD | +0.0498% | 1h | 4.4085 | −0.188% | $5K | $52K | 10x | as long as short |
| Hyperliquid NEAR | +0.0678% | 1h | 4.4170 | +0.005% | $363.4M | $311.2M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0698% | 1h | 4.4127 | −0.093% | $1.3M | $6.5M | 20x | as long as short |
| 01 Exchange NEARUSD | +0.0712% | 1h | 4.4229 | +0.138% | $13K | $7K | 10x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0717% | 1h | 4.4081 | −0.197% | $7.3M | $39.2M | 50x | as long as short |
| Arcus NEAR-USD | +0.0814% | 1h | 4.4210 | +0.095% | $226K | $1.6M | 10x | as long as short |
| Pacifica NEAR | +0.0847% | 1h | 4.4124 | −0.099% | $404K | $1.4M | 10x | as long as short |
| Lighter NEAR | +0.0928% | 1h | 4.4150 | −0.041% | $17.3M | $25.3M | 15x | as long as short |
| Phoenix NEAR | +0.1033% | 1h | 4.4241 | +0.165% | $1.8M | $2.5M | 10x | as long as short |
| Lighter RH NEAR | +0.1112% | 1h | 4.4146 | −0.050% | $1.5M | $7.5M | 10x | as long as short |
| RISEx NEAR/USDC | +0.1220% | 1h | 4.4204 | +0.080% | $703K | $1.3M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1247% | 1h | 4.3901 | −0.604% | $5K | $12K | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUALshort | +0.1681% | 1h | 4.4115 | −0.120% | $2.0M | $12.1M | 25x |
Bitget NEARUSDT
Variational Omni NEAR
edgeX NEARUSDC
Polymarket Perps NEAR-USD
SunX NEAR-USDT
HTX NEAR-USDT
Phemex NEARUSDT
Paradex NEAR-USD-PERP
GRVT NEAR_USDT_Perp
Aevo NEAR-PERP
BingX NEAR-USDC
MEXC NEAR_USDT
Binance NEARUSDT
Coinbase International NEAR-PERP-INTX
BloFin NEAR-USDT
GMX NEAR/USD [ETH-USDC]
Kalshi KXNEARPERP
Aster NEARUSDT
Nado NEAR-PERP
ApeX Omni NEARUSDT
Extended NEAR-USD
SoDEX NEAR-USD
Hyperliquid NEAR
Backpack NEAR_USDC_PERP
01 Exchange NEARUSD
Kraken Futures PF_NEARUSD
Arcus NEAR-USD
Pacifica NEAR
Lighter NEAR
Phoenix NEAR
Lighter RH NEAR
RISEx NEAR/USDC
Aftermath Perps NEARUSD