NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0495%/8h= +54.2% APRnext payment +$0.62 per $10,000 · paid last 24h +0.184%

Price spread now: Phoenix against gTrade (Gains Network)−0.286%7-day average +0.180% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$344as in the Price arb table

costs, in and out, $10k−$2972.969% of the position

Long on gTrade (Gains Network)Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.494%+$49 on $10k

Price spread, last 3 days (all we have)+0.450%+$45 · spread now −0.286%, 7d avg +0.180%

Together, before fees+0.944%+$94 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phoenix is 0.466% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.286% now, against its 7-day average of +0.180%). If the spread goes back, that is −$47 on $10k: about 3.1 days of funding at the current rate (+$15 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) NEAR/USD	4.2322	L +0.0004% / S −0.0004%	pay 0.0001% / 1h	32m 33s	$201K	—	150x
Short	Phoenix NEAR	4.2201	0.0499	get 0.0062% / 1h	32m 33s	$1.7M	$2.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 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 gTrade (Gains Network)bpFee PhoenixbpOrdersPrice spread, now −0.286%Rate

Funding earned: $103.97
Price spread: −0.286% → +0.180%: −$46.6
Slippage, 4 orders: −$279.9
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$239.53
Costs to cover: 2.969%
Break-even: 23.1 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 41 min ago; Phoenix: live order book, 1 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), 41 min ago	130.01 bp	135.0 bp −$135	875.9 bp −$8,759	9405.5 bp −$940.5K	doesn't fit
Sell Phoenix live order book, 1 min ago	0.94 bp	11.8 bp −$12	25.9 bp −$259	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	4.2417	+0.225%	$2K	—	20x	as long as short
Bybit NEARUSDT	−0.0150%	8h	4.2414	+0.218%	$214.7M	$415.0M	75x	as long as short
Kraken Futures PF_NEARUSD	−0.0133%	1h	4.2318	−0.009%	$7.2M	$37.4M	50x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.2307	−0.035%	$2.2M	$12.9M	50x	as long as short
Gate NEAR_USDT	−0.0074%	8h	4.2424	+0.241%	$30.4M	$59.3M	75x	as long as short
01 Exchange NEARUSD	−0.0032%	1h	4.2455	+0.314%	$12K	$7K	10x	as long as short
Variational Omni NEAR	−0.0004%	8h	4.2298	−0.055%	$7.9M	$18.8M	—	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2453	+0.310%	$110K	$64K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2267	−0.130%	$419K	$18.6M	2.2x	as long as short
gTrade (Gains Network) NEAR/USDlong	L +0.0004% / S −0.0004%	1h	4.2322	long leg	$201K	—	150x

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−2.155%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2450	+0.303%	$110K	$480K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0098%	8h	4.2334	+0.029%	$56K	$193K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0099%	8h	4.2416	+0.223%	$31K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2453	+0.310%	$2.9M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.2442	+0.283%	$397K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2450	+0.303%	$251.6M	$1.06B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2420	+0.232%	$59.7M	$275.9M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2450	+0.303%	$194K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2709	+0.916%	$243K	−$0	10x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2430	+0.255%	$77.1M	$140.0M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2470	+0.350%	$55.7M	$43.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2421	+0.234%	$70.3M	$124.6M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.2440	+0.279%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2143	−0.424%	$261K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2147	−0.413%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2520	+0.468%	$178K	$788K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2439	+0.277%	$203K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2380	+0.137%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2325	+0.007%	$5K	$52K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.2450	+0.303%	$455K	$3.6M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2360	+0.090%	$3.8M	$8.6M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2410	+0.208%	$3.8M	$16.9M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2329	+0.017%	$197K	$28K	3x	as long as short
Hyperliquid NEAR	+0.0150%	1h	4.2473	+0.357%	$355.9M	$304.0M	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2320	−0.004%	$13.0M	$28.0M	75x	as long as short
Lighter RH NEAR	+0.0344%	1h	4.2508	+0.440%	$1.6M	$6.9M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0371% / S −0.0308%	1h	4.2310	−0.028%	$270K	—	100x	as long as short
Backpack NEAR_USDC_PERP	+0.0385%	1h	4.2453	+0.310%	$1.4M	$5.7M	20x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0411%	1h	4.2359	+0.088%	$1.9M	$3.3M	25x	as long as short
RISEx NEAR/USDC	+0.0428%	1h	4.2461	+0.328%	$402K	$1.2M	10x	as long as short
Nado NEAR-PERP	+0.0493%	1h	4.2411	+0.212%	$1.8M	$3.2M	10x	as long as short
Phoenix NEARshort	+0.0499%	1h	4.2201	−0.286%	$1.7M	$2.7M	10x
Aftermath Perps NEARUSD	+0.1342%	1h	4.2473	+0.357%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1928%	1h	4.2572	+0.591%	$17.0M	$24.1M	15x	as long as short