Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 5.3190 | −0.0042 | get 0.0042% / 8h | 1h 49m | $4.0M | $7.9M | 50x | Long Phemex | |
| SHORT | 5.3256 | +0.0066 | get 0.0008% / 1h | 49m 10s | $53K | $197K | 20x | Short Bullet |
Price gap+0.124%
Funding gap+0.0108% /8h
Both sides work: funding pays +$3 a day on $10k, and the gap is 0.149% above its 7d average: +$15 more if it goes back.
Funding on this pair cost 0.138% over the last 7 days: the rate has only just turned.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$14+0.0108% /8h now · paid −0.138% over the last 7D
Price+$15spread +0.124% now, avg −0.025% → +0.149% if it goes back
Costs−$470.466% of $10k · taker + slippage, in and out
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+0.124%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hNEAR on 45 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Watch: Thin at this size17.2 / 5.9 bpAt $10k entering Phemex costs 17.2 bp, fee and slippage, 2.9× Bullet’s.
- Note: Margin at max leverage$200 + $500Phemex 50x, Bullet 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$3.25Long Phemex: 3 payments, +$1.27; short Bullet: 24 payments, +$1.98.
- OK: Entry gap works for you+0.124% vs −0.025%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$53K vs $4.0M OIBullet sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCPhemex Yes · Bullet NoKYC unlocks spot and futures trading; an unverified account cannot withdraw at all.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0072%/8h × 21 periods−$15.19
Price spread+0.124% → −0.025% (7d avg)+$14.90
Slippage, 4 orderslive order books−$26.65
Fee Phemex bp × 2 orders−$12.00
Fee Bullet bp × 2 orders−$8.00
Net · 7 days · $10k−$46.94
Costs to cover0.466%Break-evennever at this rate
Slippage: Phemex: live order book, 3 min ago; Bullet: live order book, 14 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhemex4.6717.2 bp−$1744.0 bp−$440181.8 bp−$18.2Kdoesn’t fit
SELL · SHORTBullet1.135.9 bp−$69.0 bp−$90doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-30 02:45 | MEXC | Other | Not NEAR anymore. It’s here. 👀 $NRR is officially trading on NYSE Arca. Continuation or sell the news? 🤔 @MEXC on X ↗ |
| 09-30 01:05 | Reya | Listing | NEARRUSDPERP no longer reported ($NEAR) seen by our collector |
| 09-29 11:00 | Bulk | Listing | NEAR-USD no longer reported ($NEAR) seen by our collector |
| 09-28 18:50 | Aevo | Other | bitcoin:native is back near $83k after trading above $86k last week. Whether you trade the continuation or pullback, all options and this week’s Perp Majors count toward the volume requirement for our year-end reward. This week’s Perp Majors include: BTC, ETH, SOL, ZEC, NEAR, HYPE, LIT, SPY, QQQ, HOOD, SNDK, MU, NVDA, TSLA, GOOGL. @aevoxyz on X ↗ |
| 09-28 14:46 | RISEx | Other | This week on RISEx Market Desk: Macro: A third central bank joins the hiking cycle, and Friday delivers the first jobs report since the Fed’s pivot Crypto: Solana’s biggest upgrade yet goes live, NEAR ETF clears key hurdles, and Zcash pulls off a 3-for-1 split. Equities: One trade, three tickers - Micron ($MU) reports after the close, with potential spillover to $SKHYNIX, $DRAM, and $SNDK Watching Friday closely. Trade well @risextrade on X ↗ |
| 09-28 03:00 | MEXC | Other | NEAR enough to get interesting. 👀 ETF access is getting closer. Momentum holds or cools off? @MEXC on X ↗ |


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