Funding you earn now, next payment 21:00 UTC+0.0549%/8h= +60.1% APRnext payment +$0.69 per $10,000 · paid last 24h +0.115%
Price spread now: Phoenix against Injective+1.893%7-day average −0.964% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.686%+$69 on $10k
+Price spread, last 3 days (all we have)−5.316%−$532 · spread now +1.893%, 7d avg −0.964%
=Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Phoenix is 2.857% dearer against Injective than usual: you sell high and buy low: +$286 more if the spread goes back to its 7-day average of −0.964%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective NEAR/USDC PERP | 4.0730 | 0.0033 | pay 0.0004% / 1h | 23m 53s | $569 | $239K | 12x |
| Short | Phoenix NEAR | 4.1501 | 0.0582 | get 0.0073% / 1h | 23m 53s | $1.7M | $2.8M | 10x |
Injective NEAR/USDC PERP
Phoenix NEARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Injective. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
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How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $115.32
- Price spread: +1.893% → −0.964%
- $285.71
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $394.01
- Costs to cover
- 0.070%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Phoenix: 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 Phoenix live order book, 5 min ago | 0.96 bp | 11.9 bp −$12 | 22.6 bp −$226 | 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 | 4.1297 | +1.392% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0024% | 1h | 4.1456 | +1.782% | $2.1M | $12.7M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.1333 | +1.481% | $104K | $54K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.1401 | +1.647% | $412K | $19.0M | 2.2x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | 0.0000% | 1h | 4.1347 | +1.515% | $1.8M | $2.1M | 25x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.1345 | +1.511% | $205K | — | 150x | as long as short |
| Injective NEAR/USDC PERPlong | +0.0033% | 1h | 4.0730 | long leg | $569 | $239K | 12x | |
| Popdex NEARUSDT | +0.0096% | 1h | 4.1290 | +1.375% | $108K | $490K | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.1310 | +1.424% | $30K | $647 | 10x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.1349 | +1.520% | $2.9M | $5.9M | 50x | 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
Paradex NEAR-USD-PERP
Aster NEARUSDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica NEAR | +0.0100% | 1h | 4.1381 | +1.599% | $366K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.1310 | +1.424% | $235.2M | $1.08B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.1276 | +1.341% | $210.1M | $428.3M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.1290 | +1.375% | $56.5M | $275.9M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.1550 | +2.013% | $237K | $6K | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.1301 | +1.402% | $29.4M | $58.2M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.1310 | +1.424% | $81.5M | $143.9M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.1330 | +1.473% | $55.9M | $45.1M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.1288 | +1.370% | $68.7M | $127.2M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.1300 | +1.399% | — | $6.6M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.1444 | +1.752% | $7.7M | $18.5M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.1419 | +1.690% | $236K | $1.2M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.1420 | +1.694% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.1420 | +1.694% | $182K | $790K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.1327 | +1.466% | $200K | $3.1M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.1332 | +1.478% | $53K | $159K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.1360 | +1.547% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.1305 | +1.412% | $5K | $46K | 10x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.1300 | +1.399% | $3.8M | $8.4M | 50x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.1291 | +1.378% | $3.7M | $14.6M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.1310 | +1.424% | $200K | $65K | 3x | as long as short |
| Arcus NEAR-USD | +0.0118% | 1h | 4.1360 | +1.547% | $306K | $1.6M | 10x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0150% | 1h | 4.1325 | +1.460% | $7.0M | $36.6M | 50x | as long as short |
| 01 Exchange NEARUSD | +0.0216% | 1h | 4.1313 | +1.431% | $12K | $7K | 10x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.1430 | +1.719% | $12.3M | $33.8M | 75x | as long as short |
| Lighter RH NEAR | +0.0320% | 1h | 4.1353 | +1.530% | $1.4M | $7.2M | 10x | as long as short |
| Nado NEAR-PERP | +0.0354% | 1h | 4.1275 | +1.339% | $1.8M | $3.6M | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0372% / S −0.0317% | 1h | 4.1348 | +1.517% | $272K | — | 100x | as long as short |
| RISEx NEAR/USDC | +0.0569% | 1h | 4.1322 | +1.452% | $412K | $1.2M | 10x | as long as short |
| Phoenix NEARshort | +0.0582% | 1h | 4.1501 | +1.893% | $1.7M | $2.8M | 10x | |
| Backpack NEAR_USDC_PERP | +0.0779% | 1h | 4.1364 | +1.557% | $1.4M | $5.7M | 20x | as long as short |
| Lighter NEAR | +0.0840% | 1h | 4.1380 | +1.596% | $15.4M | $22.8M | 15x | as long as short |
| Aftermath Perps NEARUSD | +0.0979% | 1h | 4.1443 | +1.751% | $5K | $11K | 10x | as long as short |
| Hyperliquid NEAR | +0.0996% | 1h | 4.1364 | +1.557% | $347.0M | $299.1M | 10x | as long as short |
| HTX NEAR-USDT | +0.1106% | 8h | 4.1420 | +1.694% | $445K | $3.7M | 75x | as long as short |
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
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
SoDEX NEAR-USD
Phemex NEARUSDT
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
Backpack NEAR_USDC_PERP
Lighter NEAR
Aftermath Perps NEARUSD
Hyperliquid NEAR
HTX NEAR-USDT