Funding you earn now, next payment 00:00 UTC+0.0399%/8h= +43.7% APRpaid last 24h +0.156%
Price spread now: Phoenix against BingX+0.433%49s7-day average +0.211% · you sell dearer than you buy
Net, funding: paid 7d − costs+$38as 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−$410.406% of the position
Funding, last 7 days+0.785%+$78 on $10k
+Price spread, last 7 days−0.282%−$28 · spread now +0.433%, 7d avg +0.211%
=Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Phoenix is 0.222% dearer against BingX than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of +0.211%. The two prices were read 49 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 | BingX NEAR-USDT | 4.3450 | 0.0100 | pay 0.0100% / 8h | 7h 12m | — | $141.8M | — |
| Short | Phoenix NEAR | 4.3638 | 0.0499 | get 0.0062% / 1h | 12m 37s | $1.8M | $2.7M | 10x |
BingX NEAR-USDT
Phoenix NEARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against BingX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $83.86
- Price spread: +0.433% → +0.211%
- $22.19
- Slippage, 4 orders
- −$23.63
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $65.42
- Costs to cover
- 0.406%
- Break-even
- 1.5 days
Slippage from BingX: live order book, 12 min ago; Phoenix: live order book, 1 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 BingX live order book, 12 min ago | 1.17 bp | 6.2 bp −$6 | 10.3 bp −$103 | 22.0 bp −$2,199 | 53.0 bp −$26.5K |
| Sell Phoenix live order book, 1 min ago | 0.92 bp | 11.8 bp −$12 | 24.7 bp −$247 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex NEARUSDT | −0.0297% | 8h | 4.3420 | −0.069% | $3.9M | $8.4M | 50x | as long as short |
| Reya NEARRUSDPERP | −0.0171% | 1h | 4.3405 | −0.103% | $2K | — | 20x | as long as short |
| Kraken Futures PF_NEARUSD | −0.0129% | 1h | 4.3465 | +0.035% | $7.5M | $37.5M | 50x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0096% | 1h | 4.3413 | −0.085% | $2.3M | $13.2M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3459 | +0.021% | $113K | $64K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.3438 | −0.028% | $353K | $19.0M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.3404 | −0.105% | $206K | — | 150x | as long as short |
| Variational Omni NEAR | +0.0005% | 8h | 4.3018 | −0.993% | $8.2M | $18.9M | — | as long as short |
| 01 Exchange NEARUSD | +0.0016% | 1h | 4.3445 | −0.012% | $13K | $7K | 10x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −4.695% | $578 | $302K | 12x | as long as short |
Phemex NEARUSDT
Reya NEARRUSDPERP
Kraken Futures PF_NEARUSD
Coinbase International NEAR-PERP-INTX
dYdX NEAR-USD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
Variational Omni NEAR
01 Exchange NEARUSD
Injective NEAR/USDC PERPShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex NEARUSDT | +0.0096% | 1h | 4.3440 | −0.023% | $116K | $479K | 50x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0098% | 8h | 4.3417 | −0.076% | $58K | $176K | 20x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.3452 | +0.005% | $31K | $608 | 10x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.3530 | +0.184% | $3.0M | $5.8M | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.3470 | +0.047% | $401K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.3462 | +0.027% | $259.4M | $1.06B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3430 | −0.046% | $220.1M | $415.6M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3460 | +0.023% | $61.4M | $280.7M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.3470 | +0.046% | $206K | $1.7M | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3083 | −0.844% | $245K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3464 | +0.032% | $31.3M | $60.8M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.3470 | +0.046% | $76.4M | $141.8M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3460 | +0.023% | $56.4M | $42.9M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3430 | −0.046% | $72.4M | $122.7M | 75x | as long as short |
| BingX NEAR-USDTlong | +0.0100% | 8h | 4.3450 | long leg | — | $141.8M | — | |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3290 | −0.368% | $258K | $1.2M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3295 | −0.356% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3330 | −0.276% | $181K | $780K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3446 | −0.009% | $193K | $3.4M | 10x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3490 | +0.092% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.3429 | −0.048% | $5K | $52K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.3520 | +0.161% | $459K | $3.7M | 75x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.3417 | −0.076% | $3.8M | $17.3M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.3405 | −0.103% | $202K | $31K | 3x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.3400 | −0.115% | $13.0M | $27.8M | 75x | as long as short |
| Hyperliquid NEAR | +0.0353% | 1h | 4.3563 | +0.260% | $370.8M | $306.0M | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0376% / S −0.0307% | 1h | 4.3411 | −0.090% | $277K | — | 100x | as long as short |
| Nado NEAR-PERP | +0.0421% | 1h | 4.3425 | −0.058% | $1.9M | $3.1M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0428% | 1h | 4.3460 | +0.024% | $404K | $1.2M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0441% | 1h | 4.3444 | −0.014% | $1.9M | $3.8M | 25x | as long as short |
| Lighter RH NEAR | +0.0456% | 1h | 4.3533 | +0.191% | $1.6M | $7.0M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0481% | 1h | 4.3500 | +0.115% | $1.3M | $5.9M | 20x | as long as short |
| Phoenix NEARshort | +0.0499% | 1h | 4.3638 | +0.433% | $1.8M | $2.7M | 10x | |
| Aftermath Perps NEARUSD | +0.1502% | 1h | 4.3260 | −0.438% | $5K | $12K | 10x | as long as short |
| Lighter NEAR | +0.1816% | 1h | 4.3568 | +0.271% | $17.4M | $24.7M | 15x | as long as short |
Popdex NEARUSDT
Orderly PERP_NEAR_USDC
Paradex NEAR-USD-PERP
Aster NEARUSDT
Pacifica NEAR
Binance NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Arcus NEAR-USD
Bulk NEAR-USD
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
SunX NEAR-USDT
SoDEX NEAR-USD
HTX NEAR-USDT
Extended NEAR-USD
Aevo NEAR-PERP
BloFin NEAR-USDT
Hyperliquid NEAR
GMX NEAR/USD [ETH-USDC]
Nado NEAR-PERP
RISEx NEAR/USDC
Deribit NEAR_USDC-PERPETUAL
Lighter RH NEAR
Backpack NEAR_USDC_PERP
Aftermath Perps NEARUSD
Lighter NEAR