Funding you earn now, next payment 07:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.029%
Price spread now: Phemex against gTrade (Gains Network)+0.143%7-day average +0.014% · 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−$292as in the Price arb table
costs, in and out, $10k−$3053.046% of the position
Funding, last 3 days (all we have)+0.096%+$10 on $10k
+Price spread, last 4 days (all we have)−0.120%−$12 · spread now +0.143%, 7d avg +0.014%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Phemex is 0.129% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.014%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) NEAR/USD | 4.3108 | L +0.0004% / S −0.0006% | pay 0.0001% / 1h | 0m 41s | $161K | — | 150x |
| Short | Phemex NEARUSDT | 4.3170 | 0.0100 | get 0.0100% / 8h | 1h 00m | $3.5M | $8.2M | 50x |
gTrade (Gains Network) NEAR/USD
Phemex NEARUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against gTrade (Gains Network). 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
- $20.1
- Price spread: +0.143% → +0.014%
- $12.87
- Slippage, 4 orders
- −$282.58
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$271.61
- Costs to cover
- 3.046%
- Break-even
- 101.6 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 43 min ago; Phemex: 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 gTrade (Gains Network) virtual book (oracle venue), 43 min ago | 130.01 bp | 135.0 bp −$135 | 875.9 bp −$8,759 | 9405.5 bp −$940.5K | doesn't fit |
| Sell Phemex live order book, 3 min ago | 2.31 bp | 16.5 bp −$16 | 51.0 bp −$510 | 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 | 4.3108 | −0.001% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3136 | +0.065% | $106K | $68K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USDlong | L +0.0004% / S −0.0006% | 1h | 4.3108 | long leg | $161K | — | 150x | |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −3.940% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3130 | +0.050% | $105K | $492K | 50x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3189 | +0.187% | $218.4M | $431.4M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3180 | +0.166% | $60.7M | $290.5M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3150 | +0.098% | $246K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3188 | +0.185% | $35.2M | $62.5M | 75x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3170 | +0.143% | $52.3M | $45.9M | 75x | as long as short |
Reya NEARRUSDPERP
dYdX 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 | 4.3188 | +0.185% | $71.5M | $128.5M | 75x | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.3137 | +0.068% | $8.6M | $18.7M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3231 | +0.285% | $251K | $906K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3225 | +0.272% | $1.4M | $1.5M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3400 | +0.677% | $163K | $804K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3138 | +0.069% | $288K | $4.1M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.3142 | +0.078% | $57K | $235K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3230 | +0.282% | $1K | $1.3M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.3135 | +0.062% | $5K | $53K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.3250 | +0.329% | $457K | $3.8M | 75x | as long as short |
| Phemex NEARUSDTshort | +0.0100% | 8h | 4.3170 | +0.143% | $3.5M | $8.2M | 50x | |
| Paradex NEAR-USD-PERP | +0.0103% | 8h | 4.3187 | +0.183% | $31K | $585 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.3206 | +0.227% | $3.6M | $17.8M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0136% | 1h | 4.3157 | +0.113% | $201K | $38K | 3x | as long as short |
| BingX NEAR-USDC | +0.0203% | 8h | 4.3210 | +0.236% | — | $6.7M | — | as long as short |
| MEXC NEAR_USDT | +0.0212% | 8h | 4.3190 | +0.190% | $74.8M | $151.2M | 200x | as long as short |
| Binance NEARUSDT | +0.0213% | 8h | 4.3166 | +0.133% | $262.6M | $1.09B | 75x | as long as short |
| Kalshi KXNEARPERP | +0.0215% | 8h | 4.3152 | +0.101% | $945K | $25.1M | 2.2x | as long as short |
| Aster NEARUSDT | +0.0250% | 8h | 4.3152 | +0.100% | $2.8M | $4.8M | 50x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0313% / S −0.0200% | 1h | 4.3102 | −0.014% | $230K | — | 100x | as long as short |
| BloFin NEAR-USDT | +0.0332% | 8h | 4.3170 | +0.143% | $13.5M | $32.0M | 75x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0394% | 1h | 4.3164 | +0.129% | $1.3M | $6.9M | 20x | as long as short |
| Hyperliquid NEAR | +0.0423% | 1h | 4.3187 | +0.182% | $351.1M | $314.8M | 10x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0424% | 1h | 4.3142 | +0.078% | $2.3M | $16.5M | 50x | as long as short |
| 01 Exchange NEARUSD | +0.0432% | 1h | 4.3253 | +0.336% | $13K | $7K | 10x | as long as short |
| Nado NEAR-PERP | +0.0542% | 1h | 4.3147 | +0.089% | $1.6M | $3.2M | 10x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0677% | 1h | 4.3111 | +0.006% | $7.1M | $38.3M | 50x | as long as short |
| Lighter NEAR | +0.0728% | 1h | 4.3209 | +0.235% | $17.0M | $25.6M | 15x | as long as short |
| Lighter RH NEAR | +0.0824% | 1h | 4.3196 | +0.203% | $1.5M | $6.8M | 10x | as long as short |
| Arcus NEAR-USD | +0.0880% | 1h | 4.3260 | +0.352% | $228K | $1.6M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0887% | 1h | 4.3150 | +0.097% | $1.9M | $13.0M | 25x | as long as short |
| Phoenix NEAR | +0.1003% | 1h | 4.3312 | +0.473% | $1.8M | $2.5M | 10x | as long as short |
| Pacifica NEAR | +0.1187% | 1h | 4.3166 | +0.133% | $398K | $1.4M | 10x | as long as short |
| RISEx NEAR/USDC | +0.1259% | 1h | 4.3259 | +0.350% | $655K | $1.4M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1298% | 1h | 4.3364 | +0.592% | $5K | $12K | 10x | as long as short |
Bitget NEARUSDT
Variational Omni NEAR
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
SoDEX NEAR-USD
HTX NEAR-USDT
Paradex NEAR-USD-PERP
Extended NEAR-USD
Aevo NEAR-PERP
BingX NEAR-USDC
MEXC NEAR_USDT
Binance NEARUSDT
Kalshi KXNEARPERP
Aster NEARUSDT
GMX NEAR/USD [ETH-USDC]
BloFin NEAR-USDT
Backpack NEAR_USDC_PERP
Hyperliquid NEAR
Coinbase International NEAR-PERP-INTX
01 Exchange NEARUSD
Nado NEAR-PERP
Kraken Futures PF_NEARUSD
Lighter NEAR
Lighter RH NEAR
Arcus NEAR-USD
Deribit NEAR_USDC-PERPETUAL
Phoenix NEAR
Pacifica NEAR
RISEx NEAR/USDC
Aftermath Perps NEARUSD