NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.026%

Price spread now: dYdX against Polymarket Perps+0.217%7-day average −0.062% · you sell dearer than you buy

Net, funding: paid 7d − costs−$269as in the Funding arb table

Net, price: spread back to 7d avg − costs−$224as in the Price arb table

costs, in and out, $10k−$2522.518% of the position

Long on Polymarket Perps Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.175%−$18 on $10k

Price spread, last 4 days (all we have)−1.640%−$164 · spread now +0.217%, 7d avg −0.062%

Together, before fees−1.816%−$182 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.278% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.217% now, against its 7-day average of −0.062%): +$28 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 9.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps NEAR-USD	4.3039	0.0100	pay 0.0013% / 1h	6m 36s	$269K	$3.9M	10x
Short	dYdX NEAR-USD	4.3132	0	get 0.0000% / 1h	6m 36s	$106K	$68K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Polymarket Perps. 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 Polymarket PerpsbpFee dYdXbpOrdersPrice spread, now +0.217%Rate

Funding earned: −$21
Price spread: +0.217% → −0.062%: $27.82
Slippage, 4 orders: −$233.81
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$245
Costs to cover: 2.518%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 2 min ago; dYdX: live order book, 47 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 Polymarket Perps live order book, 2 min ago	3.36 bp	7.4 bp −$7	12.7 bp −$127	doesn't fit	doesn't fit
Sell dYdX live order book, 47 min ago	109.99 bp	121.3 bp −$121	130.1 bp −$1,301	137.5 bp −$13.8K	368.1 bp −$184.1K

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	4.2987	−0.120%	$2K	—	20x	as long as short
dYdX NEAR-USDshort	0.0000%	1h	4.3132	+0.217%	$106K	$68K	10x
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3150	+0.258%	$162K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.785%	$578	$301K	12x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0056%	1h	4.3234	+0.453%	$2.3M	$15.8M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3000	−0.091%	$110K	$501K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3075	+0.084%	$263.1M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3021	−0.042%	$212.9M	$425.8M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3000	−0.091%	$61.0M	$285.8M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3449	+0.953%	$248K	−$0	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NEAR_USDT	+0.0100%	8h	4.3124	+0.197%	$32.1M	$62.2M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3180	+0.328%	$74.0M	$146.9M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3180	+0.328%	$53.5M	$45.7M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2991	−0.112%	$70.9M	$127.4M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3140	+0.235%	—	$144.3M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3247	+0.483%	$8.2M	$17.9M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3144	+0.244%	$252K	$948K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3206	+0.388%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3130	+0.211%	$166K	$795K	50x	as long as short
Polymarket Perps NEAR-USDlong	+0.0100%	1h	4.3039	long leg	$269K	$3.9M	10x
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3191	+0.353%	$57K	$246K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3280	+0.560%	$1K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3280	+0.560%	$467K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3200	+0.374%	$3.7M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3121	+0.190%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3195	+0.362%	$201K	$37K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3210	+0.397%	$13.5M	$31.9M	75x	as long as short
Pacifica NEAR	+0.0263%	1h	4.3169	+0.302%	$398K	$1.3M	10x	as long as short
Kalshi KXNEARPERP	+0.0264%	8h	4.3199	+0.372%	$869K	$23.5M	2.2x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0323% / S −0.0198%	1h	4.3152	+0.262%	$233K	—	100x	as long as short
Aster NEARUSDT	+0.0335%	8h	4.3110	+0.165%	$2.8M	$5.5M	50x	as long as short
SoDEX NEAR-USD	+0.0335%	1h	4.3175	+0.316%	$6K	$53K	10x	as long as short
01 Exchange NEARUSD	+0.0520%	1h	4.3171	+0.307%	$13K	$7K	10x	as long as short
Extended NEAR-USD	+0.0560%	1h	4.3124	+0.197%	$3.8M	$19.8M	25x	as long as short
Nado NEAR-PERP	+0.0567%	1h	4.3029	−0.023%	$1.8M	$3.1M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0570%	1h	4.3191	+0.353%	$1.3M	$6.8M	20x	as long as short
Hyperliquid NEAR	+0.0583%	1h	4.3195	+0.362%	$353.8M	$312.5M	10x	as long as short
Arcus NEAR-USD	+0.0627%	1h	4.3160	+0.281%	$212K	$1.6M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0714%	1h	4.3179	+0.325%	$7.6M	$38.9M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0816%	1h	4.3198	+0.369%	$1.9M	$9.9M	25x	as long as short
Lighter RH NEAR	+0.0920%	1h	4.3210	+0.397%	$1.5M	$7.4M	10x	as long as short
Phoenix NEAR	+0.0941%	1h	4.3324	+0.662%	$1.8M	$2.8M	10x	as long as short
Lighter NEAR	+0.1072%	1h	4.3226	+0.435%	$17.4M	$25.1M	15x	as long as short
RISEx NEAR/USDC	+0.1162%	1h	4.3148	+0.253%	$670K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1581%	1h	4.3250	+0.491%	$5K	$12K	10x	as long as short