Funding you earn now, next payment 06:00 UTC+0.1003%/8h= +109.9% APRnext payment +$1.25 per $10,000 · paid last 24h +0.189%
Price spread now: Phoenix against dYdX+0.539%46s7-day average +0.236% · you sell dearer than you buy
Net, funding: paid 7d − costs−$67as 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−$1611.610% of the position
Funding, last 7 days+0.939%+$94 on $10k
+Price spread, last 4 days (all we have)+0.516%+$52 · spread now +0.539%, 7d avg +0.236%
=Both sides work for this trade now. Funding pays +$30 a day on $10k at the current rate, and Phoenix is 0.304% dearer against dYdX than usual: you sell high and buy low: +$30 more if the spread goes back to its 7-day average of +0.236%. The two prices were read 46 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 | dYdX NEAR-USD | 4.4143 | 0 | get 0.0000% / 1h | 30m 41s | $109K | $68K | 10x |
| Short | Phoenix NEAR | 4.4381 | 0.1003 | get 0.0125% / 1h | 30m 41s | $1.8M | $2.5M | 10x |
dYdX NEAR-USD
Phoenix NEARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against dYdX. 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
- $210.68
- Price spread: +0.539% → +0.236%
- $30.36
- Slippage, 4 orders
- −$144
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $80.04
- Costs to cover
- 1.610%
- Break-even
- 4.3 days
Slippage from dYdX: 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 dYdX live order book, 13 min ago | 63.44 bp | 68.4 bp −$68 | 68.4 bp −$684 | 113.0 bp −$11.3K | 474.4 bp −$237.2K |
| Sell Phoenix live order book, 3 min ago | 0.90 bp | 11.8 bp −$12 | 30.3 bp −$303 | 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 | 4.4213 | +0.159% | $2K | — | 20x | as long as short |
| dYdX NEAR-USDlong | 0.0000% | 1h | 4.4143 | long leg | $109K | $68K | 10x | |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.4222 | +0.179% | $165K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −6.191% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.4240 | +0.220% | $111K | $491K | 50x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.4137 | −0.014% | $223.9M | $435.5M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.4140 | −0.007% | $62.4M | $296.7M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.4350 | +0.469% | $253K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.4146 | +0.007% | $35.4M | $61.4M | 75x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.4260 | +0.265% | $53.4M | $46.2M | 75x | as long as short |
Reya NEARRUSDPERP
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Bulk NEAR-USD
Gate NEAR_USDT
KuCoin NEARUSDTMShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget NEARUSDT | +0.0100% | 8h | 4.4144 | +0.002% | $73.0M | $127.1M | 75x | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.4217 | +0.168% | $8.8M | $18.7M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.4331 | +0.426% | $259K | $966K | 20x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.4270 | +0.288% | $167K | $805K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.4258 | +0.261% | $297K | $4.1M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.4249 | +0.240% | $59K | $236K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.4300 | +0.356% | $2K | $1.3M | 20x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.4410 | +0.605% | $466K | $4.0M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.4270 | +0.288% | $3.6M | $8.2M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0105% | 8h | 4.4310 | +0.378% | $32K | $585 | 10x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0115% | 8h | 4.4407 | +0.598% | $1.5M | $1.5M | 10x | as long as short |
| Aevo NEAR-PERP | +0.0128% | 1h | 4.4255 | +0.254% | $206K | $38K | 3x | as long as short |
| BingX NEAR-USDC | +0.0190% | 8h | 4.4160 | +0.039% | — | $6.7M | — | as long as short |
| SoDEX NEAR-USD | +0.0195% | 1h | 4.4235 | +0.208% | $5K | $53K | 10x | as long as short |
| MEXC NEAR_USDT | +0.0196% | 8h | 4.4190 | +0.106% | $80.7M | $147.8M | 200x | as long as short |
| Binance NEARUSDT | +0.0200% | 8h | 4.4177 | +0.077% | $269.7M | $1.09B | 75x | as long as short |
| Extended NEAR-USD | +0.0224% | 1h | 4.4190 | +0.106% | $3.7M | $18.5M | 25x | as long as short |
| Kalshi KXNEARPERP | +0.0267% | 8h | 4.4316 | +0.392% | $1.1M | $25.1M | 2.2x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0314% / S −0.0197% | 1h | 4.4211 | +0.153% | $234K | — | 100x | as long as short |
| Aster NEARUSDT | +0.0316% | 8h | 4.4170 | +0.061% | $2.8M | $5.0M | 50x | as long as short |
| BloFin NEAR-USDT | +0.0320% | 8h | 4.4290 | +0.333% | $13.8M | $32.7M | 75x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0424% | 1h | 4.4344 | +0.455% | $2.3M | $16.7M | 50x | as long as short |
| 01 Exchange NEARUSD | +0.0456% | 1h | 4.4285 | +0.322% | $13K | $7K | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0459% | 1h | 4.4258 | +0.261% | $1.4M | $6.8M | 20x | as long as short |
| Hyperliquid NEAR | +0.0495% | 1h | 4.4205 | +0.141% | $361.4M | $312.8M | 10x | as long as short |
| Nado NEAR-PERP | +0.0596% | 1h | 4.4235 | +0.208% | $1.7M | $3.2M | 10x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0660% | 1h | 4.4220 | +0.175% | $7.3M | $38.4M | 50x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0790% | 1h | 4.4257 | +0.258% | $1.9M | $13.1M | 25x | as long as short |
| Lighter NEAR | +0.0864% | 1h | 4.4202 | +0.133% | $17.3M | $25.1M | 15x | as long as short |
| Arcus NEAR-USD | +0.0880% | 1h | 4.4290 | +0.333% | $225K | $1.6M | 10x | as long as short |
| Lighter RH NEAR | +0.0912% | 1h | 4.4212 | +0.156% | $1.5M | $6.7M | 10x | as long as short |
| Phoenix NEARshort | +0.1003% | 1h | 4.4381 | +0.539% | $1.8M | $2.5M | 10x | |
| Pacifica NEAR | +0.1187% | 1h | 4.4336 | +0.436% | $409K | $1.4M | 10x | as long as short |
| RISEx NEAR/USDC | +0.1259% | 1h | 4.4279 | +0.308% | $668K | $1.4M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1273% | 1h | 4.4381 | +0.539% | $6K | $12K | 10x | as long as short |
Bitget NEARUSDT
Variational Omni NEAR
edgeX NEARUSDC
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
HTX NEAR-USDT
Phemex NEARUSDT
Paradex NEAR-USD-PERP
GRVT NEAR_USDT_Perp
Aevo NEAR-PERP
BingX NEAR-USDC
SoDEX NEAR-USD
MEXC NEAR_USDT
Binance NEARUSDT
Extended NEAR-USD
Kalshi KXNEARPERP
GMX NEAR/USD [ETH-USDC]
Aster NEARUSDT
BloFin NEAR-USDT
Coinbase International NEAR-PERP-INTX
01 Exchange NEARUSD
Backpack NEAR_USDC_PERP
Hyperliquid NEAR
Nado NEAR-PERP
Kraken Futures PF_NEARUSD
Deribit NEAR_USDC-PERPETUAL
Lighter NEAR
Arcus NEAR-USD
Lighter RH NEAR
Pacifica NEAR
RISEx NEAR/USDC
Aftermath Perps NEARUSD