Funding you earn now, next payment 21:00 UTC+0.0483%/8h= +52.9% APRpaid last 24h +0.161%
Price spread now: Phoenix against Orderly+0.306%7-day average +0.183% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.758%+$76 on $10k
+Price spread, last 3 days (all we have)−0.263%−$26 · spread now +0.306%, 7d avg +0.183%
=Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Phoenix is 0.123% dearer against Orderly than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.183%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_NEAR_USDC | 4.1178 | 0.0100 | pay 0.0100% / 8h | 2h 21m | $53K | $159K | 20x |
| Short | Phoenix NEAR | 4.1304 | 0.0582 | get 0.0073% / 1h | 21m 13s | $1.7M | $2.8M | 10x |
Orderly PERP_NEAR_USDC
Phoenix NEARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Orderly. 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
- $101.36
- Price spread: +0.306% → +0.183%
- $12.26
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $100.62
- Costs to cover
- 0.130%
- Break-even
- 0.1 days
Slippage unknown: Orderly: no order-book sample; Phoenix: live order book, 7 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 7 min ago | 0.96 bp | 11.9 bp −$12 | 22.6 bp −$226 | doesn't fit | doesn't fit |
Orderly: 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 | 4.1114 | −0.155% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0024% | 1h | 4.1220 | +0.102% | $2.1M | $12.6M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.1220 | +0.101% | $104K | $54K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.1188 | +0.024% | $411K | $19.0M | 2.2x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | 0.0000% | 1h | 4.1193 | +0.036% | $1.8M | $2.1M | 25x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.1165 | −0.031% | $204K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | +0.563% | $578 | $302K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.1130 | −0.117% | $108K | $489K | 50x | as long as short |
| Orderly PERP_NEAR_USDClong | +0.0100% | 8h | 4.1178 | long leg | $53K | $159K | 20x | |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.1178 | −0.001% | $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
Injective NEAR/USDC PERP
Popdex NEARUSDT
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 | 4.1158 | −0.050% | $2.9M | $5.9M | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.1212 | +0.084% | $365K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.1170 | −0.019% | $234.4M | $1.08B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.1150 | −0.068% | $209.3M | $428.3M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.1150 | −0.068% | $56.2M | $274.9M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.1200 | +0.053% | $235K | $6K | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.1155 | −0.056% | $29.3M | $58.2M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.1180 | +0.005% | $80.9M | $144.1M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.1180 | +0.005% | $55.6M | $45.1M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.1154 | −0.058% | $68.5M | $127.2M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.1160 | −0.044% | — | $136.6M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.1444 | +0.645% | $7.7M | $18.5M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.1292 | +0.277% | $235K | $1.2M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.1258 | +0.195% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.1290 | +0.272% | $181K | $791K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.1149 | −0.070% | $207K | $3.1M | 10x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.1170 | −0.019% | $1K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.1169 | −0.022% | $5K | $46K | 10x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.1190 | +0.029% | $3.8M | $8.4M | 50x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.1151 | −0.065% | $3.7M | $14.6M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.1165 | −0.033% | $199K | $65K | 3x | as long as short |
| Arcus NEAR-USD | +0.0118% | 1h | 4.1180 | +0.005% | $305K | $1.6M | 10x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0151% | 1h | 4.1168 | −0.025% | $7.0M | $36.5M | 50x | as long as short |
| 01 Exchange NEARUSD | +0.0208% | 1h | 4.1143 | −0.085% | $12K | $7K | 10x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.1120 | −0.141% | $12.3M | $33.5M | 75x | as long as short |
| Lighter RH NEAR | +0.0296% | 1h | 4.1219 | +0.100% | $1.4M | $7.2M | 10x | as long as short |
| Nado NEAR-PERP | +0.0365% | 1h | 4.1115 | −0.153% | $1.8M | $3.6M | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0371% / S −0.0317% | 1h | 4.1171 | −0.016% | $271K | — | 100x | as long as short |
| RISEx NEAR/USDC | +0.0569% | 1h | 4.1180 | +0.005% | $411K | $1.2M | 10x | as long as short |
| Phoenix NEARshort | +0.0582% | 1h | 4.1304 | +0.306% | $1.7M | $2.8M | 10x | |
| Backpack NEAR_USDC_PERP | +0.0766% | 1h | 4.1216 | +0.092% | $1.4M | $5.7M | 20x | as long as short |
| Lighter NEAR | +0.0816% | 1h | 4.1227 | +0.119% | $15.2M | $23.0M | 15x | as long as short |
| Hyperliquid NEAR | +0.0961% | 1h | 4.1224 | +0.112% | $346.0M | $299.5M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.0998% | 1h | 4.1347 | +0.410% | $5K | $11K | 10x | as long as short |
| HTX NEAR-USDT | +0.1099% | 8h | 4.1230 | +0.126% | $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-USDT
Variational Omni NEAR
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
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
Hyperliquid NEAR
Aftermath Perps NEARUSD
HTX NEAR-USDT