NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h −0.019%

Price spread now: Injective against Polymarket Perps−6.600%7-day average +0.625% · you buy dearer than you sell

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

Long on Polymarket Perps Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.035%+$4 on $10k

Price spread, last 4 days (all we have)+8.980%+$898 · spread now −6.600%, 7d avg +0.625%

Together, before fees+9.015%+$902 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 7.225% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$722 if the spread goes back to its 7-day average of +0.625%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps NEAR-USD	4.4336	0.0100	pay 0.0013% / 1h	24m 48s	$294K	$4.1M	10x
Short	Injective NEAR/USDC PERP	4.1410	0.0033	get 0.0004% / 1h	24m 48s	$578	$301K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −6.600%Rate

Funding earned: −$14
Price spread: −6.600% → +0.625%: −$722.46
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$744.48
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Polymarket Perps: live order book, 4 min ago; Injective: no order-book sample. 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 Polymarket Perps live order book, 4 min ago	2.85 bp	8.7 bp −$9	24.7 bp −$247	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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	4.4187	−0.337%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4161	−0.395%	$109K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4186	−0.339%	$165K	—	150x	as long as short
Injective NEAR/USDC PERPshort	+0.0033%	1h	4.1410	−6.600%	$578	$301K	12x
Popdex NEARUSDT	+0.0096%	1h	4.4280	−0.126%	$112K	$491K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4310	−0.059%	$224.6M	$433.1M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4280	−0.126%	$62.8M	$297.3M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4350	+0.032%	$253K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4298	−0.086%	$35.6M	$61.7M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4350	+0.032%	$53.7M	$46.0M	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	4.4271	−0.147%	$72.7M	$127.6M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4187	−0.335%	$8.8M	$18.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4030	−0.690%	$257K	$915K	20x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4010	−0.735%	$166K	$805K	50x	as long as short
Polymarket Perps NEAR-USDlong	+0.0100%	1h	4.4336	long leg	$294K	$4.1M	10x
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4318	−0.041%	$59K	$236K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4410	+0.167%	$2K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4230	−0.239%	$464K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4340	+0.009%	$3.6M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0105%	8h	4.4160	−0.396%	$32K	$585	10x	as long as short
GRVT NEAR_USDT_Perp	+0.0108%	8h	4.4030	−0.691%	$1.5M	$1.5M	10x	as long as short
Aevo NEAR-PERP	+0.0128%	1h	4.4335	−0.002%	$206K	$38K	3x	as long as short
Extended NEAR-USD	+0.0184%	1h	4.4319	−0.038%	$3.7M	$18.4M	25x	as long as short
SoDEX NEAR-USD	+0.0198%	1h	4.4305	−0.070%	$5K	$52K	10x	as long as short
BingX NEAR-USDT	+0.0200%	8h	4.4320	−0.036%	—	$144.2M	—	as long as short
MEXC NEAR_USDT	+0.0201%	8h	4.4330	−0.014%	$80.6M	$149.0M	200x	as long as short
Binance NEARUSDT	+0.0205%	8h	4.4340	+0.009%	$270.6M	$1.09B	75x	as long as short
Kalshi KXNEARPERP	+0.0254%	8h	4.4272	−0.144%	$1.1M	$25.0M	2.2x	as long as short
Aster NEARUSDT	+0.0304%	8h	4.4320	−0.036%	$2.8M	$5.0M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0314% / S −0.0198%	1h	4.3978	−0.807%	$234K	—	100x	as long as short
BloFin NEAR-USDT	+0.0325%	8h	4.4330	−0.014%	$13.8M	$32.8M	75x	as long as short
Backpack NEAR_USDC_PERP	+0.0416%	1h	4.4378	+0.095%	$1.3M	$6.9M	20x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0424%	1h	4.4353	+0.038%	$2.3M	$16.8M	50x	as long as short
01 Exchange NEARUSD	+0.0440%	1h	4.4323	−0.029%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0474%	1h	4.4328	−0.018%	$361.6M	$312.5M	10x	as long as short
Nado NEAR-PERP	+0.0584%	1h	4.4295	−0.092%	$1.7M	$3.2M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0659%	1h	4.4298	−0.086%	$7.3M	$38.3M	50x	as long as short
Lighter NEAR	+0.0832%	1h	4.4336	+0.001%	$17.4M	$25.3M	15x	as long as short
Arcus NEAR-USD	+0.0880%	1h	4.4300	−0.081%	$228K	$1.6M	10x	as long as short
Lighter RH NEAR	+0.0920%	1h	4.4386	+0.113%	$1.5M	$6.7M	10x	as long as short
Phoenix NEAR	+0.1003%	1h	4.4297	−0.088%	$1.8M	$2.5M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1037%	1h	4.4339	+0.007%	$1.9M	$13.1M	25x	as long as short
Pacifica NEAR	+0.1187%	1h	4.4204	−0.298%	$422K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1256%	1h	4.4219	−0.264%	$5K	$12K	10x	as long as short
RISEx NEAR/USDC	+0.1259%	1h	4.4229	−0.242%	$665K	$1.4M	10x	as long as short