NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0921%/8h= +100.8% APRnext payment +$1.15 per $10,000 · paid last 24h +0.081%

Price spread now: Deribit against Popdex+0.091%7-day average +0.061% · 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−$27as in the Price arb table

costs, in and out, $10k−$300.304% of the position

Long on Popdex Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.257%+$26 on $10k

Price spread, last 4 days (all we have)+0.075%+$7 · spread now +0.091%, 7d avg +0.061%

Together, before fees+0.332%+$33 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$28 a day on $10k at the current rate, and Deribit is 0.030% dearer against Popdex than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.061%.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.257% in total (about 25.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.15 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	Popdex NEARUSDT	4.4990	0.0096	pay 0.0012% / 1h	42m 25s	$112K	$494K	50x
Short	Deribit NEAR_USDC-PERPETUAL	4.5031	0.1017	get 0.0127% / 1h	42m 25s	$2.0M	$12.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Popdex. 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 PopdexbpFee DeribitbpOrdersPrice spread, now +0.091%Rate

Funding earned: $193.41
Price spread: +0.091% → +0.061%: $3.04
Slippage, 4 orders: −$16.98
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $166.07
Costs to cover: 0.304%
Break-even: 1.0 days

Slippage from Popdex: live order book, 1 min ago; Deribit: live order book, 2 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 Popdex live order book, 1 min ago	3.34 bp	10.3 bp −$10	55.2 bp −$552	doesn't fit	doesn't fit
Sell Deribit live order book, 2 min ago	2.56 bp	6.1 bp −$6	14.4 bp −$144	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	4.5000	+0.023%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4926	−0.141%	$111K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4981	−0.019%	$169K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.957%	$578	$301K	12x	as long as short
Popdex NEARUSDTlong	+0.0096%	1h	4.4990	long leg	$112K	$494K	50x
Bybit NEARUSDT	+0.0100%	8h	4.5009	+0.042%	$231.7M	$429.6M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4980	−0.022%	$63.6M	$302.0M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.5008	+0.040%	$256K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.5002	+0.027%	$35.1M	$60.2M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.5050	+0.133%	$53.8M	$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	4.4987	−0.007%	$74.5M	$127.2M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4687	−0.673%	$9.0M	$18.5M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4779	−0.469%	$262K	$967K	20x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4740	−0.556%	$168K	$804K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4999	+0.020%	$281K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.5022	+0.071%	$59K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.5070	+0.178%	$2K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4960	−0.067%	$466K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4830	−0.356%	$3.7M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0107%	8h	4.4960	−0.066%	$32K	$585	10x	as long as short
GRVT NEAR_USDT_Perp	+0.0123%	8h	4.4756	−0.520%	$1.5M	$1.5M	10x	as long as short
Aevo NEAR-PERP	+0.0128%	1h	4.5034	+0.097%	$209K	$40K	3x	as long as short
MEXC NEAR_USDT	+0.0184%	8h	4.5020	+0.067%	$86.4M	$145.6M	200x	as long as short
BingX NEAR-USDT	+0.0185%	8h	4.5010	+0.044%	—	$143.9M	—	as long as short
Binance NEARUSDT	+0.0187%	8h	4.5030	+0.089%	$274.1M	$1.09B	75x	as long as short
SoDEX NEAR-USD	+0.0199%	1h	4.4835	−0.345%	$5K	$52K	10x	as long as short
Kalshi KXNEARPERP	+0.0295%	8h	4.4847	−0.318%	$1.1M	$25.0M	2.2x	as long as short
BloFin NEAR-USDT	+0.0305%	8h	4.4830	−0.356%	$13.6M	$33.1M	75x	as long as short
Extended NEAR-USD	+0.0328%	1h	4.4945	−0.100%	$3.7M	$18.9M	25x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0336% / S −0.0229%	1h	4.4991	+0.002%	$258K	—	100x	as long as short
Aster NEARUSDT	+0.0338%	8h	4.5030	+0.089%	$2.9M	$5.0M	50x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0424%	1h	4.4893	−0.216%	$2.3M	$16.5M	50x	as long as short
01 Exchange NEARUSD	+0.0480%	1h	4.4985	−0.011%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0538%	1h	4.5020	+0.067%	$1.8M	$3.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0578%	1h	4.4916	−0.164%	$1.3M	$6.5M	20x	as long as short
Hyperliquid NEAR	+0.0607%	1h	4.5068	+0.173%	$371.0M	$310.5M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0651%	1h	4.4812	−0.396%	$7.4M	$38.3M	50x	as long as short
Arcus NEAR-USD	+0.0880%	1h	4.4980	−0.022%	$229K	$1.6M	10x	as long as short
Phoenix NEAR	+0.1003%	1h	4.4991	+0.002%	$1.9M	$2.5M	10x	as long as short
Lighter RH NEAR	+0.1008%	1h	4.5004	+0.031%	$1.5M	$6.7M	10x	as long as short
Deribit NEAR_USDC-PERPETUALshort	+0.1017%	1h	4.5031	+0.091%	$2.0M	$12.3M	25x
Lighter NEAR	+0.1056%	1h	4.5026	+0.080%	$17.7M	$24.7M	15x	as long as short
Pacifica NEAR	+0.1187%	1h	4.4955	−0.078%	$414K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1225%	1h	4.4771	−0.487%	$6K	$12K	10x	as long as short
RISEx NEAR/USDC	+0.1259%	1h	4.4984	−0.012%	$674K	$1.4M	10x	as long as short