NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0805%/8h= +88.2% APRnext payment +$1.01 per $10,000 · paid last 24h +0.064%

Price spread now: Phoenix against Nado+0.054%57s7-day average +0.162% · 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—prices read too far apart to compare

costs, in and out, $10k−$360.363% of the position

Long on Nado Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.341%+$34 on $10k

Price spread, last 7 days+0.051%+$5 · spread now +0.054%, 7d avg +0.162%

Together, before fees+0.392%+ Points / potential airdropNado: Active · farm board+$39 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phoenix is 0.108% cheaper against Nado than usual: you would sell low and buy high (spread +0.054% now, against its 7-day average of +0.162%). If the spread goes back, that is −$11 on $10k: about 11 hours of funding at the current rate (+$24 a day). At the pace of the last 3 days (+0.341% in total) that is about 26 hours. The two prices were read 57 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	Nado NEAR-PERP	4.2850	0.0228	pay 0.0029% / 1h	52m 09s	$1.7M	$3.2M	10x
Short	Phoenix NEAR	4.2873	0.1033	get 0.0129% / 1h	52m 09s	$1.8M	$2.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Nado. 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 NadobpFee PhoenixbpOrdersPrice spread, now +0.054%Rate

Funding earned: $169.08
Price spread: +0.054% → +0.162%: −$10.85
Slippage, 4 orders: −$22.27
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $121.97
Costs to cover: 0.363%
Break-even: 2.0 days

Slippage from Nado: live order book, 2 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 Nado live order book, 2 min ago	0.12 bp	5.7 bp −$6	17.5 bp −$175	doesn't fit	doesn't fit
Sell Phoenix live order book, 1 min ago	0.93 bp	11.8 bp −$12	31.6 bp −$316	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	4.2824	−0.061%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2825	−0.059%	$106K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.2823	−0.064%	$160K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.361%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2860	+0.023%	$111K	$501K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2920	+0.163%	$261.7M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.2880	+0.070%	$212.6M	$426.7M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2900	+0.117%	$60.4M	$286.9M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2835	−0.034%	$244K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2821	−0.068%	$31.9M	$59.5M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC NEAR_USDT	+0.0100%	8h	4.2930	+0.187%	$70.8M	$142.4M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2900	+0.117%	$53.1M	$45.8M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2871	+0.049%	$70.9M	$127.9M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.2880	+0.070%	—	$144.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.2828	−0.052%	$8.1M	$18.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2849	−0.003%	$250K	$948K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2790	−0.140%	$1.4M	$1.5M	10x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2866	+0.037%	$273K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2893	+0.100%	$56K	$243K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2940	+0.210%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.2910	+0.140%	$459K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2890	+0.093%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2858	+0.019%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2871	+0.048%	$199K	$37K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2850	0.000%	$13.4M	$31.6M	75x	as long as short
Nado NEAR-PERPlong	+0.0228%	1h	4.2850	long leg	$1.7M	$3.2M	10x
Coinbase International NEAR-PERP-INTX	+0.0256%	1h	4.2865	+0.035%	$2.3M	$15.8M	50x	as long as short
Kalshi KXNEARPERP	+0.0271%	8h	4.2855	+0.012%	$828K	$24.5M	2.2x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0320% / S −0.0195%	1h	4.2802	−0.111%	$230K	—	100x	as long as short
Aster NEARUSDT	+0.0333%	8h	4.2900	+0.117%	$2.8M	$5.5M	50x	as long as short
Extended NEAR-USD	+0.0512%	1h	4.2863	+0.031%	$3.7M	$19.9M	25x	as long as short
ApeX Omni NEARUSDT	+0.0512%	1h	4.2830	−0.047%	$165K	$793K	50x	as long as short
SoDEX NEAR-USD	+0.0631%	1h	4.2875	+0.058%	$6K	$53K	10x	as long as short
Hyperliquid NEAR	+0.0644%	1h	4.2890	+0.095%	$350.2M	$311.1M	10x	as long as short
Lighter NEAR	+0.0656%	1h	4.2933	+0.193%	$16.8M	$25.0M	15x	as long as short
01 Exchange NEARUSD	+0.0664%	1h	4.2937	+0.203%	$13K	$7K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0686%	1h	4.2907	+0.133%	$1.3M	$6.8M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0738%	1h	4.2876	+0.061%	$7.6M	$38.8M	50x	as long as short
Arcus NEAR-USD	+0.0814%	1h	4.2910	+0.140%	$210K	$1.6M	10x	as long as short
Pacifica NEAR	+0.0847%	1h	4.2891	+0.095%	$394K	$1.3M	10x	as long as short
Lighter RH NEAR	+0.0864%	1h	4.2932	+0.191%	$1.5M	$7.2M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1010%	1h	4.2911	+0.142%	$1.9M	$10.6M	25x	as long as short
Phoenix NEARshort	+0.1033%	1h	4.2873	+0.054%	$1.8M	$2.5M	10x
RISEx NEAR/USDC	+0.1220%	1h	4.2895	+0.106%	$676K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1468%	1h	4.2880	+0.070%	$5K	$12K	10x	as long as short