NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0777%/8h= +85.1% APRnext payment +$0.97 per $10,000 · paid last 24h +0.197%

Price spread now: Phoenix against Coinbase International−0.018%72s7-day average +0.197% · you buy dearer than you sell

Net, funding: paid 7d − costs+$47as 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−$480.480% of the position

Long on Coinbase International Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.954%+$95 on $10k

Price spread, last 4 days (all we have)+0.140%+$14 · spread now −0.018%, 7d avg +0.197%

Together, before fees+1.094%+$109 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phoenix is 0.215% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.018% now, against its 7-day average of +0.197%). If the spread goes back, that is −$22 on $10k: about 22 hours of funding at the current rate (+$23 a day). The two prices were read 72 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	Coinbase International NEAR-PERP-INTX	4.3549	0.0256	pay 0.0032% / 1h	16m 00s	$2.3M	$16.3M	50x
Short	Phoenix NEAR	4.3541	0.1033	get 0.0129% / 1h	16m 00s	$1.8M	$2.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Coinbase International. 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 Coinbase InternationalbpFee PhoenixbpOrdersPrice spread, now −0.018%Rate

Funding earned: $163.21
Price spread: −0.018% → +0.197%: −$21.52
Slippage, 4 orders: −$31.03
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $93.65
Costs to cover: 0.480%
Break-even: 3.0 days

Slippage from Coinbase International: live order book, 3 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 Coinbase International live order book, 3 min ago	3.45 bp	15.4 bp −$15	24.1 bp −$241	doesn't fit	doesn't fit
Sell Phoenix live order book, 3 min ago	0.92 bp	11.8 bp −$12	28.2 bp −$282	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	4.3478	−0.162%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3389	−0.367%	$107K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0007%	1h	4.3490	−0.137%	$170K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.912%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3450	−0.227%	$114K	$497K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3552	+0.007%	$218.0M	$420.3M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3540	−0.021%	$61.6M	$289.4M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3050	−1.146%	$245K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3521	−0.064%	$33.1M	$60.4M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3550	+0.002%	$52.6M	$46.1M	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	4.3530	−0.044%	$71.9M	$127.0M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3197	−0.807%	$8.4M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3265	−0.652%	$261K	$956K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3442	−0.246%	$1.4M	$1.5M	10x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3487	−0.142%	$268K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3546	−0.007%	$57K	$243K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3600	+0.117%	$1K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3640	+0.209%	$470K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3530	−0.044%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.3390	−0.365%	$31K	$608	10x	as long as short
BingX NEAR-USDC	+0.0105%	8h	4.3570	+0.048%	—	$6.7M	—	as long as short
MEXC NEAR_USDT	+0.0109%	8h	4.3580	+0.071%	$80.4M	$145.3M	200x	as long as short
Binance NEARUSDT	+0.0111%	8h	4.3610	+0.140%	$265.5M	$1.09B	75x	as long as short
Aevo NEAR-PERP	+0.0112%	1h	4.3540	−0.022%	$202K	$37K	3x	as long as short
BloFin NEAR-USDT	+0.0229%	8h	4.3250	−0.687%	$13.2M	$31.7M	75x	as long as short
Coinbase International NEAR-PERP-INTXlong	+0.0256%	1h	4.3549	long leg	$2.3M	$16.3M	50x
Kalshi KXNEARPERP	+0.0312%	8h	4.3496	−0.122%	$994K	$24.7M	2.2x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0312% / S −0.0201%	1h	4.3474	−0.172%	$233K	—	100x	as long as short
Aster NEARUSDT	+0.0334%	8h	4.3580	+0.071%	$2.8M	$5.3M	50x	as long as short
ApeX Omni NEARUSDT	+0.0367%	1h	4.3490	−0.135%	$167K	$795K	50x	as long as short
Nado NEAR-PERP	+0.0394%	1h	4.3405	−0.331%	$1.7M	$3.2M	10x	as long as short
Extended NEAR-USD	+0.0504%	1h	4.3530	−0.043%	$3.7M	$19.5M	25x	as long as short
SoDEX NEAR-USD	+0.0559%	1h	4.3515	−0.078%	$5K	$52K	10x	as long as short
Hyperliquid NEAR	+0.0667%	1h	4.3567	+0.041%	$357.1M	$310.4M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0684%	1h	4.3571	+0.051%	$1.3M	$6.6M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0727%	1h	4.3503	−0.105%	$7.3M	$39.1M	50x	as long as short
01 Exchange NEARUSD	+0.0736%	1h	4.3490	−0.135%	$13K	$7K	10x	as long as short
Arcus NEAR-USD	+0.0814%	1h	4.3460	−0.204%	$225K	$1.6M	10x	as long as short
Pacifica NEAR	+0.0847%	1h	4.3421	−0.295%	$398K	$1.3M	10x	as long as short
Lighter NEAR	+0.0928%	1h	4.3572	+0.052%	$17.1M	$25.2M	15x	as long as short
Phoenix NEARshort	+0.1033%	1h	4.3541	−0.018%	$1.8M	$2.5M	10x
Lighter RH NEAR	+0.1120%	1h	4.3571	+0.051%	$1.4M	$7.4M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1153%	1h	4.3547	−0.005%	$2.0M	$11.7M	25x	as long as short
RISEx NEAR/USDC	+0.1220%	1h	4.3460	−0.203%	$689K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1301%	1h	4.3254	−0.678%	$5K	$12K	10x	as long as short