NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0098%/8h= +10.7% APRnext payment +$0.98 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Phemex+0.046%7-day average −0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$580.579% of the position

Long on Phemex Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.021%−$2 on $10k

Price spread, last 4 days (all we have)−0.215%−$22 · spread now +0.046%, 7d avg −0.030%

Together, before fees−0.237%−$24 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and BingX is 0.076% dearer against Phemex than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex NEARUSDT	4.3200	0.0100	pay 0.0100% / 8h	38m 42s	$3.5M	$8.2M	50x
Short	BingX NEAR-USDT	4.3220	0.0198	get 0.0198% / 8h	38m 42s	—	$145.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Phemex. 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 PhemexbpFee BingXbpOrdersPrice spread, now +0.046%Rate

Funding earned: $20.58
Price spread: +0.046% → −0.030%: $7.62
Slippage, 4 orders: −$35.88
Fee Phemex: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$29.68
Costs to cover: 0.579%
Break-even: 17.1 days

Slippage from Phemex: live order book, 5 min ago; BingX: live order book, 15 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 Phemex live order book, 5 min ago	5.79 bp	25.7 bp −$26	59.3 bp −$593	doesn't fit	doesn't fit
Sell BingX live order book, 15 min ago	1.15 bp	6.2 bp −$6	9.9 bp −$99	21.3 bp −$2,134	45.7 bp −$22.8K

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	4.3156	−0.102%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3201	+0.003%	$106K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3189	−0.026%	$162K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0017%	1h	4.3187	−0.030%	$7.1M	$38.3M	50x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.144%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3140	−0.139%	$110K	$496K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3200	0.000%	$218.0M	$430.2M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3180	−0.046%	$60.8M	$291.2M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3160	−0.093%	$246K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3184	−0.037%	$35.2M	$62.3M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NEARUSDTM	+0.0100%	8h	4.3220	+0.046%	$52.4M	$45.9M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3195	−0.012%	$71.5M	$128.1M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3337	+0.316%	$8.6M	$18.7M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3338	+0.320%	$251K	$898K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3340	+0.324%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3330	+0.301%	$165K	$815K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3163	−0.086%	$282K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3217	+0.039%	$58K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3210	+0.023%	$1K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3200	0.000%	$5K	$53K	10x	as long as short
Phemex NEARUSDTlong	+0.0100%	8h	4.3200	long leg	$3.5M	$8.2M	50x
Paradex NEAR-USD-PERP	+0.0102%	8h	4.3228	+0.064%	$31K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3177	−0.053%	$3.6M	$17.3M	25x	as long as short
HTX NEAR-USDT	+0.0118%	8h	4.3280	+0.185%	$463K	$3.8M	75x	as long as short
Aevo NEAR-PERP	+0.0128%	1h	4.3195	−0.012%	$201K	$38K	3x	as long as short
Kalshi KXNEARPERP	+0.0192%	8h	4.3177	−0.053%	$938K	$25.2M	2.2x	as long as short
BingX NEAR-USDTshort	+0.0198%	8h	4.3220	+0.046%	—	$145.1M	—
MEXC NEAR_USDT	+0.0199%	8h	4.3200	0.000%	$83.2M	$150.4M	200x	as long as short
Binance NEARUSDT	+0.0199%	8h	4.3220	+0.046%	$262.4M	$1.09B	75x	as long as short
Aster NEARUSDT	+0.0202%	8h	4.3224	+0.056%	$2.7M	$4.8M	50x	as long as short
Hyperliquid NEAR	+0.0261%	1h	4.3253	+0.123%	$349.2M	$315.0M	10x	as long as short
01 Exchange NEARUSD	+0.0288%	1h	4.3150	−0.116%	$13K	$7K	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0315% / S −0.0203%	1h	4.3194	−0.013%	$232K	—	100x	as long as short
BloFin NEAR-USDT	+0.0319%	8h	4.3200	0.000%	$13.3M	$31.8M	75x	as long as short
Backpack NEAR_USDC_PERP	+0.0393%	1h	4.3222	+0.051%	$1.2M	$7.0M	20x	as long as short
Nado NEAR-PERP	+0.0469%	1h	4.3147	−0.124%	$1.7M	$3.2M	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.3272	+0.167%	$2.3M	$16.8M	50x	as long as short
Lighter RH NEAR	+0.0536%	1h	4.3271	+0.164%	$1.5M	$6.6M	10x	as long as short
Arcus NEAR-USD	+0.0638%	1h	4.3220	+0.046%	$225K	$1.6M	10x	as long as short
Lighter NEAR	+0.0760%	1h	4.3290	+0.208%	$17.1M	$25.0M	15x	as long as short
Pacifica NEAR	+0.0949%	1h	4.3227	+0.062%	$407K	$1.5M	10x	as long as short
Phoenix NEAR	+0.0949%	1h	4.3384	+0.426%	$1.8M	$2.4M	10x	as long as short
RISEx NEAR/USDC	+0.0965%	1h	4.3165	−0.081%	$612K	$1.4M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1163%	1h	4.3245	+0.104%	$1.9M	$13.2M	25x	as long as short
Aftermath Perps NEARUSD	+0.1262%	1h	4.3284	+0.195%	$5K	$7K	10x	as long as short