Funding you earn now, next payment 07:00 UTC+0.0849%/8h= +93.0% APRpaid last 24h +0.164%
Price spread now: Phoenix against OKX+0.566%86s7-day average +0.233% · you sell dearer than you buy
Net, funding: paid 7d − costs+$35as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$400.404% of the position
Funding, last 7 days+0.756%+$76 on $10k
+Price spread, last 7 days−0.408%−$41 · spread now +0.566%, 7d avg +0.233%
=Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and Phoenix is 0.332% dearer against OKX than usual: you sell high and buy low: +$33 more if the spread goes back to its 7-day average of +0.233%. The two prices were read 86 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 | OKX NEAR-USDT-SWAP | 4.3140 | 0.0100 | pay 0.0100% / 8h | 38m 02s | $60.6M | $291.0M | 50x |
| Short | Phoenix NEAR | 4.3384 | 0.0949 | get 0.0119% / 1h | 38m 02s | $1.8M | $2.4M | 10x |
OKX NEAR-USDT-SWAP
Phoenix NEARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against OKX. 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
- $178.32
- Price spread: +0.566% → +0.233%
- $33.23
- Slippage, 4 orders
- −$23.36
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $171.2
- Costs to cover
- 0.404%
- Break-even
- 0.3 days
Slippage from OKX: live order book, 1 min ago; Phoenix: live order book, 6 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 OKX live order book, 1 min ago | 1.16 bp | 7.9 bp −$8 | 14.7 bp −$147 | 39.8 bp −$3,980 | doesn't fit |
| Sell Phoenix live order book, 6 min ago | 0.92 bp | 11.9 bp −$12 | 35.7 bp −$357 | 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 | 4.3165 | +0.058% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3201 | +0.142% | $106K | $68K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.3149 | +0.020% | $162K | — | 150x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0017% | 1h | 4.3089 | −0.119% | $7.1M | $38.3M | 50x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −4.010% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3180 | +0.093% | $110K | $496K | 50x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3139 | −0.002% | $217.7M | $430.1M | 75x | as long as short |
| OKX NEAR-USDT-SWAPlong | +0.0100% | 8h | 4.3140 | long leg | $60.6M | $291.0M | 50x | |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3160 | +0.046% | $246K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3097 | −0.100% | $35.1M | $62.3M | 75x | as long as short |
Reya NEARRUSDPERP
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Kraken Futures PF_NEARUSD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Bybit NEARUSDT
Bulk NEAR-USD
Gate NEAR_USDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3110 | −0.070% | $52.2M | $45.9M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3129 | −0.025% | $71.4M | $128.1M | 75x | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.3337 | +0.456% | $8.6M | $18.7M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3338 | +0.459% | $251K | $898K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3340 | +0.464% | $1.4M | $1.5M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3330 | +0.440% | $165K | $815K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3190 | +0.116% | $282K | $4.1M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.3170 | +0.070% | $58K | $235K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3230 | +0.209% | $1K | $1.3M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.3125 | −0.035% | $5K | $53K | 10x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3120 | −0.046% | $3.5M | $8.2M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0102% | 8h | 4.3228 | +0.203% | $31K | $585 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.3114 | −0.060% | $3.6M | $17.3M | 25x | as long as short |
| HTX NEAR-USDT | +0.0119% | 8h | 4.3290 | +0.348% | $462K | $3.8M | 75x | as long as short |
| Aevo NEAR-PERP | +0.0128% | 1h | 4.3152 | +0.028% | $201K | $38K | 3x | as long as short |
| Kalshi KXNEARPERP | +0.0188% | 8h | 4.3194 | +0.125% | $938K | $25.2M | 2.2x | as long as short |
| BingX NEAR-USDT | +0.0198% | 8h | 4.3110 | −0.070% | — | $145.0M | — | as long as short |
| MEXC NEAR_USDT | +0.0199% | 8h | 4.3130 | −0.023% | $83.1M | $150.5M | 200x | as long as short |
| Binance NEARUSDT | +0.0199% | 8h | 4.3130 | −0.023% | $261.9M | $1.09B | 75x | as long as short |
| Aster NEARUSDT | +0.0202% | 8h | 4.3126 | −0.032% | $2.7M | $4.8M | 50x | as long as short |
| Hyperliquid NEAR | +0.0244% | 1h | 4.3136 | −0.009% | $348.3M | $315.0M | 10x | as long as short |
| 01 Exchange NEARUSD | +0.0280% | 1h | 4.3200 | +0.139% | $13K | $7K | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0315% / S −0.0203% | 1h | 4.3149 | +0.022% | $232K | — | 100x | as long as short |
| BloFin NEAR-USDT | +0.0319% | 8h | 4.3200 | +0.139% | $13.3M | $31.8M | 75x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0395% | 1h | 4.3140 | 0.000% | $1.2M | $7.0M | 20x | as long as short |
| Nado NEAR-PERP | +0.0470% | 1h | 4.3173 | +0.077% | $1.7M | $3.2M | 10x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0488% | 1h | 4.3265 | +0.290% | $2.3M | $16.8M | 50x | as long as short |
| Lighter RH NEAR | +0.0536% | 1h | 4.3160 | +0.046% | $1.5M | $6.6M | 10x | as long as short |
| Arcus NEAR-USD | +0.0638% | 1h | 4.3220 | +0.185% | $225K | $1.6M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0654% | 1h | 4.3196 | +0.130% | $1.9M | $13.2M | 25x | as long as short |
| Lighter NEAR | +0.0760% | 1h | 4.3156 | +0.037% | $17.0M | $25.1M | 15x | as long as short |
| Pacifica NEAR | +0.0949% | 1h | 4.3227 | +0.201% | $407K | $1.5M | 10x | as long as short |
| Phoenix NEARshort | +0.0949% | 1h | 4.3384 | +0.566% | $1.8M | $2.4M | 10x | |
| RISEx NEAR/USDC | +0.0965% | 1h | 4.3210 | +0.163% | $605K | $1.4M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1251% | 1h | 4.3268 | +0.297% | $5K | $7K | 10x | as long as short |
KuCoin NEARUSDTM
Bitget NEARUSDT
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
Paradex NEAR-USD-PERP
Extended NEAR-USD
HTX NEAR-USDT
Aevo NEAR-PERP
Kalshi KXNEARPERP
BingX NEAR-USDT
MEXC NEAR_USDT
Binance NEARUSDT
Aster NEARUSDT
Hyperliquid NEAR
01 Exchange NEARUSD
GMX NEAR/USD [ETH-USDC]
BloFin NEAR-USDT
Backpack NEAR_USDC_PERP
Nado NEAR-PERP
Coinbase International NEAR-PERP-INTX
Lighter RH NEAR
Arcus NEAR-USD
Deribit NEAR_USDC-PERPETUAL
Lighter NEAR
Pacifica NEAR
RISEx NEAR/USDC
Aftermath Perps NEARUSD