NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.036%

Price spread now: BloFin against Phemex+0.023%7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$710.709% of the position

Long on Phemex Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.261%+$26 on $10k

Price spread, last 4 days (all we have)−0.131%−$13 · spread now +0.023%, 7d avg −0.005%

Together, before fees+0.129%+$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.027% dearer against Phemex than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex NEARUSDT	4.4300	0.0100	pay 0.0100% / 8h	4h 19m	$3.8M	$8.4M	50x
Short	BloFin NEAR-USDT	4.4310	0.0220	get 0.0220% / 8h	4h 19m	$13.8M	$33.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.023%Rate

Funding earned: $25.2
Price spread: +0.023% → −0.005%: $2.74
Slippage, 4 orders: −$46.91
Fee Phemex: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$42.96
Costs to cover: 0.709%
Break-even: 18.9 days

Slippage from Phemex: live order book, 5 min ago; BloFin: 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 Phemex live order book, 5 min ago	3.39 bp	15.3 bp −$15	56.4 bp −$564	doesn't fit	doesn't fit
Sell BloFin live order book, 5 min ago	3.40 bp	15.2 bp −$15	21.3 bp −$213	37.7 bp −$3,766	88.8 bp −$44.4K

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	4.4171	−0.292%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0008%	1h	4.4146	−0.348%	$2.3M	$15.4M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4149	−0.341%	$109K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4191	−0.246%	$596K	$22.1M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4229	−0.160%	$166K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.524%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4180	−0.271%	$113K	$518K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4180	−0.270%	$420K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4310	+0.023%	$272.1M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4235	−0.147%	$222.5M	$424.6M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4230	−0.158%	$63.0M	$300.3M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4098	−0.455%	$251K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4257	−0.097%	$32.2M	$64.1M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4250	−0.113%	$74.6M	$149.8M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4280	−0.045%	$54.8M	$46.1M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4246	−0.122%	$72.6M	$130.5M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.4260	−0.090%	—	$147.5M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4057	−0.549%	$8.5M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4206	−0.213%	$265K	$977K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4210	−0.203%	$1.5M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4130	−0.384%	$170K	$802K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4214	−0.194%	$249K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4243	−0.129%	$57K	$227K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4270	−0.068%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4340	+0.090%	$459K	$4.0M	75x	as long as short
Phemex NEARUSDTlong	+0.0100%	8h	4.4300	long leg	$3.8M	$8.4M	50x
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4141	−0.359%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4290	−0.023%	$206K	$40K	3x	as long as short
SoDEX NEAR-USD	+0.0143%	1h	4.4255	−0.102%	$8K	$52K	10x	as long as short
BloFin NEAR-USDTshort	+0.0220%	8h	4.4310	+0.023%	$13.8M	$33.0M	75x
Aster NEARUSDT	+0.0305%	8h	4.4243	−0.128%	$3.0M	$5.5M	50x	as long as short
Backpack NEAR_USDC_PERP	+0.0309%	1h	4.4296	−0.009%	$1.4M	$6.5M	20x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0321% / S −0.0190%	1h	4.4227	−0.166%	$234K	—	100x	as long as short
Hyperliquid NEAR	+0.0325%	1h	4.4326	+0.059%	$365.6M	$324.6M	10x	as long as short
01 Exchange NEARUSD	+0.0328%	1h	4.4232	−0.153%	$13K	$7K	10x	as long as short
Extended NEAR-USD	+0.0376%	1h	4.4238	−0.140%	$3.9M	$19.7M	25x	as long as short
Nado NEAR-PERP	+0.0536%	1h	4.4182	−0.265%	$1.9M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0581%	1h	4.4190	−0.248%	$219K	$1.8M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0586%	1h	4.4302	+0.005%	$8.2M	$39.7M	50x	as long as short
Lighter RH NEAR	+0.0624%	1h	4.4331	+0.070%	$1.5M	$7.2M	10x	as long as short
Phoenix NEAR	+0.0794%	1h	4.4289	−0.025%	$1.8M	$2.8M	10x	as long as short
RISEx NEAR/USDC	+0.0926%	1h	4.4192	−0.244%	$592K	$1.4M	10x	as long as short
Lighter NEAR	+0.0944%	1h	4.4350	+0.113%	$17.9M	$26.5M	15x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1084%	1h	4.4281	−0.043%	$2.0M	$7.3M	25x	as long as short
Aftermath Perps NEARUSD	+0.1537%	1h	4.4152	−0.333%	$5K	$12K	10x	as long as short