NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0765%/8h= −83.8% APRnext payment −$7.65 per $10,000 · paid last 24h 0.000%

Price spread now: Phemex against KuCoin−0.116%7-day average −0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$730.730% of the position

Long on KuCoin Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.030%−$3 on $10k

Price spread, last 3 days (all we have)+0.376%+$38 · spread now −0.116%, 7d avg −0.016%

Together, before fees+0.346%+$35 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and Phemex is 0.100% cheaper against KuCoin than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.016%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.030% in total (about -1.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$7.65 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NEARUSDTM	4.3070	0.0100	pay 0.0100% / 8h	7h 51m	$56.4M	$43.1M	75x
Short	Phemex NEARUSDT	4.3020	−0.0665	pay 0.0665% / 8h	7h 51m	$3.9M	$8.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against KuCoin. 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 KuCoinbpFee PhemexbpOrdersPrice spread, now −0.116%Rate

Funding earned: −$160.62
Price spread: −0.116% → −0.016%: −$9.99
Slippage, 4 orders: −$48.96
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$243.57
Costs to cover: 0.730%
Break-even: never at this rate

Slippage from KuCoin: live order book, 8 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 KuCoin live order book, 8 min ago	1.17 bp	15.7 bp −$16	29.6 bp −$296	100.0 bp −$9,996	doesn't fit
Sell Phemex live order book, 3 min ago	2.32 bp	19.2 bp −$19	52.8 bp −$528	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
Phemex NEARUSDTshort	−0.0665%	8h	4.3020	−0.116%	$3.9M	$8.6M	50x
Reya NEARRUSDPERP	−0.0171%	1h	4.2997	−0.169%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0131%	1h	4.3066	−0.010%	$7.6M	$37.1M	50x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.2957	−0.262%	$2.3M	$13.0M	50x	as long as short
Bybit NEARUSDT	−0.0088%	8h	4.3031	−0.091%	$219.3M	$418.9M	75x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2978	−0.214%	$111K	$64K	10x	as long as short
01 Exchange NEARUSD	0.0000%	1h	4.3019	−0.118%	$13K	$7K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3033	−0.086%	$377K	$18.4M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3004	−0.153%	$204K	—	150x	as long as short
Variational Omni NEAR	+0.0014%	8h	4.2988	−0.190%	$7.9M	$18.6M	—	as long as short

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	−3.854%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3010	−0.139%	$111K	$478K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.3006	−0.149%	$57K	$193K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2991	−0.183%	$31K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.3045	−0.058%	$3.0M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.2995	−0.175%	$403K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3055	−0.035%	$255.6M	$1.07B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3050	−0.046%	$61.1M	$281.9M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3010	−0.139%	$197K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2646	−0.984%	$243K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2996	−0.172%	$31.0M	$58.6M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3070	0.000%	$80.0M	$138.6M	200x	as long as short
KuCoin NEARUSDTMlong	+0.0100%	8h	4.3070	long leg	$56.4M	$43.1M	75x
Bitget NEARUSDT	+0.0100%	8h	4.3052	−0.042%	$71.4M	$125.1M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3060	−0.023%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3062	−0.020%	$267K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3082	+0.027%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3080	+0.023%	$180K	$792K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3015	−0.128%	$194K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3080	+0.023%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3020	−0.116%	$5K	$53K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3070	0.000%	$458K	$3.6M	75x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2971	−0.230%	$3.9M	$16.5M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3023	−0.110%	$200K	$28K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3040	−0.070%	$13.0M	$29.2M	75x	as long as short
Hyperliquid NEAR	+0.0321%	1h	4.3061	−0.021%	$367.3M	$299.9M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0376% / S −0.0313%	1h	4.2997	−0.169%	$275K	—	100x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0378%	1h	4.3033	−0.086%	$1.9M	$2.9M	25x	as long as short
Nado NEAR-PERP	+0.0408%	1h	4.2989	−0.187%	$1.9M	$3.3M	10x	as long as short
Lighter RH NEAR	+0.0424%	1h	4.3122	+0.121%	$1.6M	$6.8M	10x	as long as short
RISEx NEAR/USDC	+0.0428%	1h	4.3028	−0.098%	$409K	$1.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0481%	1h	4.3107	+0.086%	$1.4M	$5.6M	20x	as long as short
Phoenix NEAR	+0.0499%	1h	4.3136	+0.153%	$1.8M	$2.7M	10x	as long as short
Aftermath Perps NEARUSD	+0.1215%	1h	4.3001	−0.161%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.2232%	1h	4.3182	+0.259%	$17.3M	$23.8M	15x	as long as short