NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0837%/8h= +91.7% APRnext payment +$1.05 per $10,000 · paid last 24h +0.162%

Price spread now: Phoenix against Aevo+0.155%66s7-day average +0.173% · you sell dearer than you buy

Net, funding: paid 7d − costs+$1as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$740.735% of the position

Long on Aevo Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.744%+$74 on $10k

Price spread, last 4 days (all we have)+0.068%+$7 · spread now +0.155%, 7d avg +0.173%

Together, before fees+0.811%+$81 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.173%, so right now this pair is about funding alone: +$25 a day on $10k at the current rate. The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo NEAR-PERP	4.3599	0.0112	pay 0.0014% / 1h	55m 50s	$203K	$40K	3x
Short	Phoenix NEAR	4.3666	0.0949	get 0.0119% / 1h	55m 50s	$1.8M	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Aevo. 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 AevobpFee PhoenixbpOrdersPrice spread, now +0.155%Rate

Funding earned: $175.8
Price spread: +0.155% → +0.173%: −$1.8
Slippage, 4 orders: −$50.55
Fee Aevo: 8 bp × 2 orders: −$16
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $100.46
Costs to cover: 0.735%
Break-even: 3.0 days

Slippage from Aevo: live order book, 43 min ago; Phoenix: live order book, 3 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 Aevo live order book, 43 min ago	10.41 bp	24.5 bp −$25	113.7 bp −$1,137	doesn't fit	doesn't fit
Sell Phoenix live order book, 3 min ago	0.91 bp	11.7 bp −$12	28.0 bp −$280	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
Kraken Futures PF_NEARUSD	−0.0433%	1h	4.3576	−0.052%	$7.2M	$38.7M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.3560	−0.088%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3543	−0.127%	$107K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3589	−0.022%	$163K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.020%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3610	+0.026%	$115K	$500K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.3554	−0.103%	$2.7M	$4.8M	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3515	−0.192%	$219.5M	$429.8M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3510	−0.203%	$61.4M	$295.5M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3640	+0.095%	$228K	$1.5M	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bulk NEAR-USD	+0.0100%	1h	4.3688	+0.205%	$252K	$3K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3528	−0.162%	$36.0M	$61.6M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3540	−0.134%	$52.7M	$45.9M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3519	−0.183%	$71.9M	$127.6M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3578	−0.048%	$8.9M	$18.5M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3729	+0.299%	$253K	$892K	20x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3710	+0.255%	$167K	$815K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3607	+0.019%	$272K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3630	+0.072%	$58K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3650	+0.118%	$2K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3585	−0.031%	$5K	$50K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3570	−0.066%	$3.5M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3578	−0.048%	$31K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3503	−0.218%	$3.6M	$16.2M	25x	as long as short
Aevo NEAR-PERPlong	+0.0112%	1h	4.3599	long leg	$203K	$40K	3x
Binance NEARUSDT	+0.0136%	8h	4.3537	−0.142%	$262.7M	$1.09B	75x	as long as short
MEXC NEAR_USDT	+0.0138%	8h	4.3540	−0.134%	$90.0M	$152.7M	200x	as long as short
BingX NEAR-USDT	+0.0144%	8h	4.3520	−0.180%	—	$83.0M	—	as long as short
Kalshi KXNEARPERP	+0.0161%	8h	4.3603	+0.010%	$911K	$25.1M	2.2x	as long as short
GRVT NEAR_USDT_Perp	+0.0250%	8h	4.3771	+0.396%	$1.4M	$1.6M	10x	as long as short
BloFin NEAR-USDT	+0.0258%	8h	4.3640	+0.095%	$13.2M	$32.2M	75x	as long as short
Hyperliquid NEAR	+0.0296%	1h	4.3572	−0.061%	$351.4M	$317.3M	10x	as long as short
01 Exchange NEARUSD	+0.0312%	1h	4.3643	+0.102%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0317%	1h	4.3575	−0.054%	$1.7M	$3.2M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0344% / S −0.0245%	1h	4.3584	−0.034%	$254K	—	100x	as long as short
HTX NEAR-USDT	+0.0355%	8h	4.3690	+0.210%	$462K	$3.8M	75x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.3594	−0.011%	$2.3M	$17.0M	50x	as long as short
Lighter RH NEAR	+0.0552%	1h	4.3608	+0.021%	$1.5M	$6.4M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0555%	1h	4.3574	−0.056%	$1.1M	$7.2M	20x	as long as short
RISEx NEAR/USDC	+0.0656%	1h	4.3623	+0.055%	$596K	$1.4M	10x	as long as short
Lighter NEAR	+0.0664%	1h	4.3610	+0.027%	$17.2M	$23.7M	15x	as long as short
Pacifica NEAR	+0.0701%	1h	4.3595	−0.009%	$411K	$1.4M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0759%	1h	4.3632	+0.077%	$1.9M	$13.1M	25x	as long as short
Phoenix NEARshort	+0.0949%	1h	4.3666	+0.155%	$1.8M	$2.4M	10x
Aftermath Perps NEARUSD	+0.1091%	1h	4.3641	+0.098%	$5K	$7K	10x	as long as short