Funding you earn now, next payment 22:00 UTC+0.0438%/8h= +48.0% APRnext payment +$0.55 per $10,000 · paid last 24h +0.161%
Price spread now: Phoenix against Extended+0.318%48s7-day average +0.256% · you sell dearer than you buy
Net, funding: paid 7d − costs+$33as 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−$390.390% of the position
Funding, last 7 days+0.716%+$72 on $10k
+Price spread, last 7 days−0.178%−$18 · spread now +0.318%, 7d avg +0.256%
=Together, before fees+0.538%+ Points / potential airdropExtended: Active · farm board+$54 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Phoenix is 0.062% dearer against Extended than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.256%. The two prices were read 48 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 | Extended NEAR-USD | 4.1667 | 0.0104 | pay 0.0013% / 1h | 30m 32s | $3.8M | $14.7M | 25x |
| Short | Phoenix NEAR | 4.1800 | 0.0542 | get 0.0068% / 1h | 30m 32s | $1.7M | $2.7M | 10x |
Extended NEAR-USD
Phoenix NEARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Extended. 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
- $92.07
- Price spread: +0.318% → +0.256%
- $6.2
- Slippage, 4 orders
- −$27.03
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $59.25
- Costs to cover
- 0.390%
- Break-even
- 2.5 days
Slippage from Extended: live order book, 4 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 Extended live order book, 4 min ago | 4.19 bp | 7.3 bp −$7 | 11.9 bp −$119 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 3 min ago | 0.96 bp | 11.8 bp −$12 | 26.2 bp −$262 | 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 | 4.1665 | −0.006% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0032% | 1h | 4.1600 | −0.162% | $2.1M | $12.6M | 50x | as long as short |
| Injective NEAR/USDC PERP | −0.0002% | 1h | 4.1410 | −0.618% | $578 | $302K | 12x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.1675 | +0.020% | $108K | $58K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.1792 | +0.299% | $430K | $18.5M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.1644 | −0.057% | $206K | — | 150x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0014% | 1h | 4.1624 | −0.104% | $1.8M | $2.2M | 25x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0049% | 1h | 4.1625 | −0.101% | $7.6M | $36.8M | 50x | as long as short |
| 01 Exchange NEARUSD | +0.0088% | 1h | 4.1723 | +0.134% | $12K | $7K | 10x | as long as short |
| Lighter RH NEAR | +0.0096% | 1h | 4.1739 | +0.172% | $1.5M | $6.9M | 10x | as long as short |
Reya NEARRUSDPERP
Coinbase International NEAR-PERP-INTX
Injective NEAR/USDC PERP
dYdX NEAR-USD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
Deribit NEAR_USDC-PERPETUAL
Kraken Futures PF_NEARUSD
01 Exchange NEARUSD
Lighter RH NEARShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex NEARUSDT | +0.0096% | 1h | 4.1690 | +0.054% | $111K | $482K | 50x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0099% | 8h | 4.1603 | −0.154% | $53K | $158K | 20x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.1680 | +0.030% | $30K | $647 | 10x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.1697 | +0.071% | $2.9M | $5.7M | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.1706 | +0.092% | $361K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.1680 | +0.030% | $238.3M | $1.07B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.1670 | +0.006% | $212.6M | $423.2M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.1670 | +0.006% | $57.5M | $275.7M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.1700 | +0.078% | $241K | $1.7M | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.1693 | +0.062% | $29.9M | $57.4M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.1690 | +0.054% | $82.0M | $141.8M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.1720 | +0.126% | $54.9M | $44.4M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.1684 | +0.040% | $69.0M | $125.4M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.1680 | +0.030% | — | $136.9M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.1530 | −0.329% | $7.7M | $18.4M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.1758 | +0.218% | $238K | $1.2M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.1831 | +0.393% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.1730 | +0.150% | $174K | $793K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.1702 | +0.083% | $204K | $3.2M | 10x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.1700 | +0.078% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.1600 | −0.162% | $5K | $46K | 10x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.1610 | −0.138% | $3.8M | $8.2M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.1600 | −0.162% | $237K | $2K | 10x | as long as short |
| Extended NEAR-USDlong | +0.0104% | 1h | 4.1667 | long leg | $3.8M | $14.7M | 25x | |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.1590 | −0.186% | $200K | $62K | 3x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.1560 | −0.258% | $12.2M | $31.6M | 75x | as long as short |
| Hyperliquid NEAR | +0.0323% | 1h | 4.1684 | +0.040% | $351.9M | $298.8M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0364% | 1h | 4.1717 | +0.118% | $410K | $1.2M | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0381% / S −0.0328% | 1h | 4.1640 | −0.066% | $281K | — | 100x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0433% | 1h | 4.1626 | −0.099% | $1.2M | $5.7M | 20x | as long as short |
| Lighter NEAR | +0.0464% | 1h | 4.1780 | +0.271% | $15.9M | $23.3M | 15x | as long as short |
| Phoenix NEARshort | +0.0542% | 1h | 4.1800 | +0.318% | $1.7M | $2.7M | 10x | |
| Nado NEAR-PERP | +0.0544% | 1h | 4.1674 | +0.016% | $1.8M | $3.5M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.0854% | 1h | 4.1733 | +0.158% | $5K | $11K | 10x | as long as short |
| HTX NEAR-USDT | +0.0977% | 8h | 4.1780 | +0.270% | $447K | $3.6M | 75x | 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
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDT
Variational Omni NEAR
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
SunX NEAR-USDT
SoDEX NEAR-USD
Phemex NEARUSDT
Bulk NEAR-USD
Aevo NEAR-PERP
BloFin NEAR-USDT
Hyperliquid NEAR
RISEx NEAR/USDC
GMX NEAR/USD [ETH-USDC]
Backpack NEAR_USDC_PERP
Lighter NEAR
Nado NEAR-PERP
Aftermath Perps NEARUSD
HTX NEAR-USDT