NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0751%/8h= +82.3% APRnext payment +$0.94 per $10,000 · paid last 24h +0.166%

Price spread now: Phoenix against ApeX Omni+0.057%7-day average +0.103% · you sell dearer than you buy

Net, funding: paid 7d − costs+$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$590.590% of the position

Long on ApeX Omni Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.755%+$75 on $10k

Price spread, last 4 days (all we have)−0.669%−$67 · spread now +0.057%, 7d avg +0.103%

Together, before fees+0.086%+$9 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phoenix is 0.046% cheaper against ApeX Omni than usual: you would sell low and buy high (spread +0.057% now, against its 7-day average of +0.103%). If the spread goes back, that is −$5 on $10k: about 5 hours of funding at the current rate (+$23 a day). At the pace of the last 7 days (+0.755% in total) that is about 10 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni NEARUSDT	4.5280	0.0100	pay 0.0013% / 1h	19m 33s	$169K	$826K	50x
Short	Phoenix NEAR	4.5306	0.0851	get 0.0106% / 1h	19m 33s	$1.7M	$2.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against ApeX Omni. 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 ApeX OmnibpFee PhoenixbpOrdersPrice spread, now +0.057%Rate

Funding earned: $157.75
Price spread: +0.057% → +0.103%: −$4.61
Slippage, 4 orders: −$42.01
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $94.14
Costs to cover: 0.590%
Break-even: 2.8 days

Slippage from ApeX Omni: live order book, 32 min ago; Phoenix: 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 ApeX Omni live order book, 32 min ago	8.99 bp	17.4 bp −$17	96.7 bp −$967	doesn't fit	doesn't fit
Sell Phoenix live order book, 2 min ago	1.10 bp	11.8 bp −$12	28.9 bp −$289	doesn't fit	doesn't fit

NEAR on 45 exchanges

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	4.5116	−0.363%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0140%	1h	4.5087	−0.426%	$7.4M	$38.1M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.5145	−0.298%	$111K	$53K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.5247	−0.073%	$170K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−8.547%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.5180	−0.221%	$124K	$522K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.5139	−0.312%	$2.7M	$4.8M	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.5166	−0.251%	$274.8M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.5180	−0.221%	$235.4M	$433.3M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.5160	−0.265%	$64.4M	$310.4M	50x	as long as short

Show all 45 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus NEAR-USD	+0.0100%	1h	4.5160	−0.265%	$232K	$1.4M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.5400	+0.265%	$271K	$12K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.5120	−0.353%	$39.8M	$63.3M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.5140	−0.309%	$78.4M	$171.5M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.5160	−0.265%	$53.6M	$45.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.5140	−0.309%	$74.9M	$130.1M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.5130	−0.331%	—	$6.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.5256	−0.054%	$9.5M	$17.3M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.5302	+0.049%	$268K	$869K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.5423	+0.316%	$1.5M	$1.7M	10x	as long as short
ApeX Omni NEARUSDTlong	+0.0100%	1h	4.5280	long leg	$169K	$826K	50x
Polymarket Perps NEAR-USD	+0.0100%	1h	4.5179	−0.223%	$284K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.5105	−0.386%	$58K	$269K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.5230	−0.110%	$2K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.5115	−0.364%	$5K	$42K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.5170	−0.243%	$470K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.5110	−0.375%	$3.4M	$8.0M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0103%	8h	4.5112	−0.370%	$33K	$51	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.5101	−0.395%	$3.8M	$15.1M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.5096	−0.407%	$210K	$38K	3x	as long as short
Kalshi KXNEARPERP	+0.0111%	8h	4.5186	−0.208%	$829K	$26.3M	2.2x	as long as short
01 Exchange NEARUSD	+0.0152%	1h	4.5142	−0.305%	$13K	$5K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.5260	−0.044%	$13.0M	$33.1M	75x	as long as short
Hyperliquid NEAR	+0.0283%	1h	4.5185	−0.210%	$364.7M	$324.0M	10x	as long as short
Lighter NEAR	+0.0320%	1h	4.5154	−0.277%	$17.6M	$23.8M	15x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0342% / S −0.0235%	1h	4.5143	−0.303%	$260K	—	100x	as long as short
Nado NEAR-PERP	+0.0431%	1h	4.5155	−0.276%	$1.7M	$3.2M	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0520%	1h	4.5198	−0.181%	$2.3M	$17.8M	50x	as long as short
RISEx NEAR/USDC	+0.0569%	1h	4.5175	−0.233%	$641K	$1.6M	10x	as long as short
Lighter RH NEAR	+0.0600%	1h	4.5172	−0.239%	$1.6M	$6.1M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0704%	1h	4.5132	−0.327%	$1.9M	$13.1M	25x	as long as short
Backpack NEAR_USDC_PERP	+0.0728%	1h	4.5132	−0.327%	$1.1M	$7.0M	20x	as long as short
Phoenix NEARshort	+0.0851%	1h	4.5306	+0.057%	$1.7M	$2.5M	10x
Pacifica NEAR	+0.0883%	1h	4.5153	−0.280%	$419K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1163%	1h	4.5302	+0.049%	$6K	$7K	10x	as long as short