NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0442%/8h= +48.4% APRnext payment +$0.55 per $10,000 · paid last 24h +0.152%

Price spread now: Phoenix against Pacifica−0.435%107s7-day average +0.188% · you buy dearer than you sell

Net, funding: paid 7d − costs+$12as 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−$550.546% of the position

Long on Pacifica Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.666%+$67 on $10k

Price spread, last 4 days (all we have)+1.837%+$184 · spread now −0.435%, 7d avg +0.188%

Together, before fees+2.503%+ Points / potential airdropPacifica: Active · farm board+$250 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phoenix is 0.622% cheaper against Pacifica than usual: you would sell low and buy high (spread −0.435% now, against its 7-day average of +0.188%). If the spread goes back, that is −$62 on $10k: about 4.7 days of funding at the current rate (+$13 a day). The two prices were read 107 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	Pacifica NEAR	4.3409	0.0100	pay 0.0013% / 1h	53m 39s	$407K	$1.2M	10x
Short	Phoenix NEAR	4.3220	0.0542	get 0.0068% / 1h	53m 39s	$1.8M	$2.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Pacifica. 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 PacificabpFee PhoenixbpOrdersPrice spread, now −0.435%Rate

Funding earned: $92.91
Price spread: −0.435% → +0.188%: −$62.21
Slippage, 4 orders: −$39.62
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$23.91
Costs to cover: 0.546%
Break-even: 8.8 days

Slippage from Pacifica: live order book, 5 min ago; Phoenix: live order book, 5 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 Pacifica live order book, 5 min ago	2.66 bp	10.3 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Phoenix live order book, 5 min ago	0.93 bp	11.9 bp −$12	20.4 bp −$204	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	4.3344	−0.149%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0072%	1h	4.3348	−0.140%	$2.2M	$13.3M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3392	−0.039%	$112K	$59K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3333	−0.174%	$415K	$18.4M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3362	−0.107%	$209K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.604%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3320	−0.204%	$108K	$495K	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3395	−0.031%	$31K	$647	10x	as long as short
Pacifica NEARlong	+0.0100%	1h	4.3409	long leg	$407K	$1.2M	10x
Binance NEARUSDT	+0.0100%	8h	4.3410	+0.003%	$256.1M	$1.07B	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit NEARUSDT	+0.0100%	8h	4.3379	−0.068%	$223.8M	$420.8M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3370	−0.089%	$61.8M	$288.7M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3350	−0.135%	$199K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3063	−0.797%	$245K	$2K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3402	−0.015%	$30.7M	$58.5M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3390	−0.043%	$81.5M	$139.2M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3420	+0.026%	$56.9M	$43.5M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3384	−0.057%	$72.3M	$126.1M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3380	−0.066%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3159	−0.575%	$8.1M	$17.9M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3192	−0.498%	$270K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3177	−0.534%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3230	−0.411%	$181K	$789K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3374	−0.080%	$208K	$3.3M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3351	−0.133%	$57K	$194K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3390	−0.043%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3335	−0.170%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3360	−0.112%	$4.0M	$8.1M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3355	−0.123%	$4.4M	$15.2M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3341	−0.156%	$209K	$62K	3x	as long as short
Aster NEARUSDT	+0.0104%	8h	4.3418	+0.022%	$3.1M	$5.5M	50x	as long as short
Kraken Futures PF_NEARUSD	+0.0117%	1h	4.3354	−0.127%	$7.6M	$36.8M	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3260	−0.342%	$13.0M	$32.7M	75x	as long as short
01 Exchange NEARUSD	+0.0256%	1h	4.3381	−0.064%	$13K	$7K	10x	as long as short
Lighter RH NEAR	+0.0384%	1h	4.3458	+0.114%	$1.6M	$7.0M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0392% / S −0.0343%	1h	4.3366	−0.098%	$294K	—	100x	as long as short
RISEx NEAR/USDC	+0.0404%	1h	4.3374	−0.081%	$418K	$1.2M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0419%	1h	4.3382	−0.061%	$1.9M	$2.3M	25x	as long as short
Phoenix NEARshort	+0.0542%	1h	4.3220	−0.435%	$1.8M	$2.7M	10x
Backpack NEAR_USDC_PERP	+0.0600%	1h	4.3394	−0.034%	$1.3M	$5.6M	20x	as long as short
Nado NEAR-PERP	+0.0680%	1h	4.3330	−0.181%	$1.9M	$3.4M	10x	as long as short
HTX NEAR-USDT	+0.0908%	8h	4.3460	+0.118%	$464K	$3.6M	75x	as long as short
Aftermath Perps NEARUSD	+0.1145%	1h	4.3167	−0.556%	$5K	$11K	10x	as long as short
Hyperliquid NEAR	+0.1525%	1h	4.3485	+0.176%	$376.7M	$296.1M	10x	as long as short
Lighter NEAR	+0.2192%	1h	4.3524	+0.266%	$16.8M	$23.6M	15x	as long as short