Funding you earn now, next payment 22:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h −0.046%
Price spread now: Phemex against Injective−0.773%65s7-day average −1.143% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.073%−$7 on $10k
+Price spread, last 3 days (all we have)−2.656%−$266 · spread now −0.773%, 7d avg −1.143%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Phemex is 0.370% dearer against Injective than usual: you sell high and buy low: +$37 more if the spread goes back to its 7-day average of −1.143%. Mind the row above: over the last 7 days funding on this pair cost −0.073%, so the current rate has only just turned in your favour. The two prices were read 65 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 | Injective NEAR/USDC PERP | 4.1410 | 0.0033 | pay 0.0004% / 1h | 9m 25s | $578 | $302K | 12x |
| Short | Phemex NEARUSDT | 4.1090 | 0.0100 | get 0.0100% / 8h | 2h 09m | $3.8M | $8.2M | 50x |
Injective NEAR/USDC PERP
Phemex NEARUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Injective. 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
- $14.06
- Price spread: −0.773% → −1.143%
- $37
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- $39.04
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Phemex: live order book, 5 min ago. Net counts fees only.
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 Injective no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 5 min ago | 2.43 bp | 11.7 bp −$12 | 37.0 bp −$370 | doesn't fit | doesn't fit |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 4.1195 | −0.520% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0024% | 1h | 4.1162 | −0.599% | $2.1M | $12.6M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.1189 | −0.534% | $104K | $54K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.1089 | −0.775% | $395K | $18.4M | 2.2x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | 0.0000% | 1h | 4.1116 | −0.710% | $1.8M | $2.1M | 25x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.1109 | −0.726% | $203K | — | 150x | as long as short |
| Injective NEAR/USDC PERPlong | +0.0033% | 1h | 4.1410 | long leg | $578 | $302K | 12x | |
| Popdex NEARUSDT | +0.0096% | 1h | 4.1190 | −0.531% | $107K | $490K | 50x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0099% | 8h | 4.1101 | −0.746% | $53K | $157K | 20x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.1186 | −0.540% | $30K | $647 | 10x | as long as short |
Reya NEARRUSDPERP
Coinbase International NEAR-PERP-INTX
dYdX NEAR-USD
Kalshi KXNEARPERP
Deribit NEAR_USDC-PERPETUAL
gTrade (Gains Network) NEAR/USD
Popdex NEARUSDT
Orderly PERP_NEAR_USDC
Paradex NEAR-USD-PERPShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster NEARUSDT | +0.0100% | 8h | 4.1180 | −0.555% | $2.9M | $5.8M | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.1188 | −0.536% | $347K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.1189 | −0.534% | $234.7M | $1.08B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.1200 | −0.507% | $209.6M | $428.6M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.1200 | −0.507% | $56.2M | $274.8M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.1150 | −0.628% | $234K | $6K | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.1198 | −0.512% | $29.3M | $58.3M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.1200 | −0.507% | $80.0M | $144.7M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.1180 | −0.555% | $55.6M | $44.9M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.1200 | −0.507% | $68.5M | $127.0M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.1180 | −0.555% | — | $6.6M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.1114 | −0.715% | $7.6M | $18.6M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.1110 | −0.725% | $234K | $1.2M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.1103 | −0.742% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.1130 | −0.676% | $181K | $792K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.1220 | −0.459% | $199K | $3.1M | 10x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.1170 | −0.580% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.1086 | −0.782% | $5K | $46K | 10x | as long as short |
| Phemex NEARUSDTshort | +0.0100% | 8h | 4.1090 | −0.773% | $3.8M | $8.2M | 50x | |
| Extended NEAR-USD | +0.0104% | 1h | 4.1187 | −0.539% | $3.7M | $14.6M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.1085 | −0.785% | $199K | $61K | 3x | as long as short |
| Arcus NEAR-USD | +0.0118% | 1h | 4.1220 | −0.459% | $307K | $1.6M | 10x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0151% | 1h | 4.1110 | −0.724% | $7.3M | $36.9M | 50x | as long as short |
| 01 Exchange NEARUSD | +0.0168% | 1h | 4.1210 | −0.483% | $12K | $7K | 10x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.1100 | −0.749% | $12.2M | $33.4M | 75x | as long as short |
| Lighter RH NEAR | +0.0256% | 1h | 4.1198 | −0.512% | $1.4M | $7.2M | 10x | as long as short |
| Nado NEAR-PERP | +0.0366% | 1h | 4.1166 | −0.589% | $1.8M | $3.6M | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0372% / S −0.0317% | 1h | 4.1097 | −0.757% | $271K | — | 100x | as long as short |
| RISEx NEAR/USDC | +0.0569% | 1h | 4.1217 | −0.466% | $411K | $1.2M | 10x | as long as short |
| Phoenix NEAR | +0.0582% | 1h | 4.1233 | −0.427% | $1.7M | $2.8M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0740% | 1h | 4.1138 | −0.657% | $1.4M | $5.7M | 20x | as long as short |
| Lighter NEAR | +0.0760% | 1h | 4.1254 | −0.377% | $15.2M | $23.0M | 15x | as long as short |
| Hyperliquid NEAR | +0.0873% | 1h | 4.1263 | −0.356% | $346.3M | $298.8M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.0929% | 1h | 4.1231 | −0.433% | $5K | $11K | 10x | as long as short |
| HTX NEAR-USDT | +0.1073% | 8h | 4.1250 | −0.386% | $443K | $3.7M | 75x | as long as short |
Aster NEARUSDT
Pacifica NEAR
Binance NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Bulk NEAR-USD
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDC
Variational Omni NEAR
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
SunX NEAR-USDT
SoDEX NEAR-USD
Extended NEAR-USD
Aevo NEAR-PERP
Arcus NEAR-USD
Kraken Futures PF_NEARUSD
01 Exchange NEARUSD
BloFin NEAR-USDT
Lighter RH NEAR
Nado NEAR-PERP
GMX NEAR/USD [ETH-USDC]
RISEx NEAR/USDC
Phoenix NEAR
Backpack NEAR_USDC_PERP
Lighter NEAR
Hyperliquid NEAR
Aftermath Perps NEARUSD
HTX NEAR-USDT