NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0363%/8h= +39.8% APRnext payment +$0.45 per $10,000 · paid last 24h +0.158%

Price spread now: Phoenix against Bulk+0.165%7-day average +0.200% · 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−$58as in the Price arb table

costs, in and out, $10k−$550.546% of the position

Long on Bulk Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.425%+$43 on $10k

Price spread, last 4 days (all we have)+1.058%+$106 · spread now +0.165%, 7d avg +0.200%

Together, before fees+1.483%+$148 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phoenix is 0.035% cheaper against Bulk than usual: you would sell low and buy high (spread +0.165% now, against its 7-day average of +0.200%). If the spread goes back, that is −$3 on $10k: about 8 hours of funding at the current rate (+$11 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk NEAR-USD	4.2757	0.0100	pay 0.0013% / 1h	0m 44s	$244K	$2K	10x
Short	Phoenix NEAR	4.2828	0.0463	get 0.0058% / 1h	0m 44s	$1.8M	$2.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Bulk. 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 BulkbpFee PhoenixbpOrdersPrice spread, now +0.165%Rate

Funding earned: $76.29
Price spread: +0.165% → +0.200%: −$3.47
Slippage, 4 orders: −$40.57
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $18.26
Costs to cover: 0.546%
Break-even: 5.3 days

Slippage from Bulk: live order book, 13 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 Bulk live order book, 13 min ago	11.72 bp	15.2 bp −$15	15.2 bp −$152	34.3 bp −$3,434	65.7 bp −$32.9K
Sell Phoenix live order book, 3 min ago	0.93 bp	11.8 bp −$12	28.4 bp −$284	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	4.2671	−0.201%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0072%	1h	4.2742	−0.036%	$2.2M	$13.2M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2701	−0.132%	$111K	$62K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2718	−0.092%	$391K	$18.8M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2695	−0.146%	$202K	—	150x	as long as short
Variational Omni NEAR	+0.0024%	8h	4.2669	−0.206%	$7.8M	$18.5M	—	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.151%	$578	$302K	12x	as long as short
Bybit NEARUSDT	+0.0037%	8h	4.2650	−0.251%	$217.0M	$421.7M	75x	as long as short
01 Exchange NEARUSD	+0.0056%	1h	4.2700	−0.134%	$13K	$7K	10x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2690	−0.157%	$110K	$495K	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.2692	−0.153%	$57K	$194K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2694	−0.147%	$31K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2692	−0.154%	$3.0M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.2711	−0.109%	$400K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2655	−0.239%	$252.8M	$1.08B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2640	−0.274%	$60.6M	$285.3M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2700	−0.134%	$196K	$1.8M	10x	as long as short
Bulk NEAR-USDlong	+0.0100%	1h	4.2757	long leg	$244K	$2K	10x
Gate NEAR_USDT	+0.0100%	8h	4.2661	−0.225%	$30.8M	$60.8M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2680	−0.181%	$78.9M	$142.9M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2700	−0.134%	$55.7M	$43.4M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2659	−0.230%	$70.7M	$126.1M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.2670	−0.204%	—	$140.3M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2825	+0.159%	$244K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2826	+0.160%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2800	+0.100%	$179K	$792K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2702	−0.129%	$194K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2750	−0.017%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2679	−0.183%	$4K	$54K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2690	−0.157%	$3.8M	$8.5M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2647	−0.259%	$3.8M	$16.4M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2682	−0.177%	$201K	$66K	3x	as long as short
Kraken Futures PF_NEARUSD	+0.0119%	1h	4.2703	−0.127%	$7.5M	$37.4M	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2670	−0.204%	$12.9M	$29.2M	75x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0242%	1h	4.2723	−0.080%	$1.9M	$2.8M	25x	as long as short
Lighter RH NEAR	+0.0336%	1h	4.2724	−0.078%	$1.6M	$7.1M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0376% / S −0.0316%	1h	4.2694	−0.148%	$275K	—	100x	as long as short
RISEx NEAR/USDC	+0.0404%	1h	4.2715	−0.098%	$418K	$1.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0447%	1h	4.2727	−0.071%	$1.4M	$5.6M	20x	as long as short
Phoenix NEARshort	+0.0463%	1h	4.2828	+0.165%	$1.8M	$2.7M	10x
Hyperliquid NEAR	+0.0574%	1h	4.2708	−0.115%	$363.8M	$301.3M	10x	as long as short
Nado NEAR-PERP	+0.0656%	1h	4.2688	−0.162%	$1.9M	$3.4M	10x	as long as short
HTX NEAR-USDT	+0.0736%	8h	4.2800	+0.100%	$457K	$3.7M	75x	as long as short
Aftermath Perps NEARUSD	+0.1179%	1h	4.2783	+0.061%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1800%	1h	4.2789	+0.075%	$16.9M	$24.7M	15x	as long as short