Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.020%
Price spread now: GRVT against Phemex+0.230%77s7-day average −0.067% · you sell dearer than you buy
Net, funding: paid 7d − costs−$47as 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−$510.514% of the position
Funding, last 7 days+0.046%+$5 on $10k
+Price spread, last 3 days (all we have)−0.260%−$26 · spread now +0.230%, 7d avg −0.067%
=Together, before fees−0.215%+ Points / potential airdropGRVT: Active · farm board−$21 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: GRVT is 0.297% dearer against Phemex than usual: you sell high and buy low, +$30 on $10k if it goes back to its 7-day average of −0.067%. The two prices were read 77 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 | Phemex NEARUSDT | 4.1160 | 0.0100 | pay 0.0100% / 8h | 2h 11m | $3.8M | $8.2M | 50x |
| Short | GRVT NEAR_USDT_Perp | 4.1255 | 0.0100 | get 0.0100% / 8h | 2h 11m | $1.4M | $1.3M | 10x |
Phemex NEARUSDT
GRVT NEAR_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Phemex. 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
- $0
- Price spread: +0.230% → −0.067%
- $29.65
- Slippage, 4 orders
- −$30.36
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$21.7
- Costs to cover
- 0.514%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 2 min ago; GRVT: live order book, 2 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, 2 min ago | 2.43 bp | 15.7 bp −$16 | 54.2 bp −$542 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 2 min ago | 1.22 bp | 15.9 bp −$16 | 33.8 bp −$338 | 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 | 4.1123 | −0.091% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0024% | 1h | 4.1162 | +0.005% | $2.1M | $12.6M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.1140 | −0.050% | $103K | $54K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.1174 | +0.034% | $396K | $18.6M | 2.2x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | 0.0000% | 1h | 4.1193 | +0.080% | $1.8M | $2.1M | 25x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.1138 | −0.053% | $204K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | +0.607% | $578 | $302K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.1130 | −0.073% | $107K | $490K | 50x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0099% | 8h | 4.1176 | +0.039% | $53K | $157K | 20x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.1131 | −0.071% | $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
Orderly PERP_NEAR_USDC
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 | 4.1146 | −0.033% | $2.9M | $5.8M | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.1153 | −0.018% | $347K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.1140 | −0.049% | $234.4M | $1.08B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.1140 | −0.049% | $209.3M | $428.6M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.1120 | −0.097% | $56.2M | $274.2M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.1150 | −0.024% | $234K | $6K | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.1130 | −0.073% | $29.3M | $58.3M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.1140 | −0.049% | $79.9M | $144.6M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.1150 | −0.024% | $55.6M | $44.9M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.1128 | −0.078% | $68.4M | $127.0M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.1120 | −0.097% | — | $136.6M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.1293 | +0.323% | $7.7M | $18.5M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.1291 | +0.319% | $235K | $1.2M | 20x | as long as short |
| GRVT NEAR_USDT_Perpshort | +0.0100% | 8h | 4.1255 | +0.230% | $1.4M | $1.3M | 10x | |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.1280 | +0.292% | $181K | $791K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.1158 | −0.005% | $204K | $3.1M | 10x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.1200 | +0.097% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.1145 | −0.036% | $5K | $46K | 10x | as long as short |
| Phemex NEARUSDTlong | +0.0100% | 8h | 4.1160 | long leg | $3.8M | $8.2M | 50x | |
| Extended NEAR-USD | +0.0104% | 1h | 4.1119 | −0.101% | $3.7M | $14.6M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.1161 | +0.003% | $199K | $61K | 3x | as long as short |
| Arcus NEAR-USD | +0.0118% | 1h | 4.1150 | −0.024% | $306K | $1.6M | 10x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0151% | 1h | 4.1179 | +0.047% | $7.3M | $37.0M | 50x | as long as short |
| 01 Exchange NEARUSD | +0.0168% | 1h | 4.1140 | −0.049% | $12K | $7K | 10x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.1140 | −0.049% | $12.2M | $33.5M | 75x | as long as short |
| Lighter RH NEAR | +0.0264% | 1h | 4.1175 | +0.036% | $1.4M | $7.2M | 10x | as long as short |
| Nado NEAR-PERP | +0.0370% | 1h | 4.1124 | −0.086% | $1.8M | $3.6M | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0372% / S −0.0317% | 1h | 4.1134 | −0.062% | $271K | — | 100x | as long as short |
| RISEx NEAR/USDC | +0.0569% | 1h | 4.1153 | −0.017% | $410K | $1.2M | 10x | as long as short |
| Phoenix NEAR | +0.0582% | 1h | 4.1296 | +0.330% | $1.7M | $2.8M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0747% | 1h | 4.1182 | +0.053% | $1.4M | $5.7M | 20x | as long as short |
| Lighter NEAR | +0.0776% | 1h | 4.1199 | +0.095% | $15.2M | $23.0M | 15x | as long as short |
| Hyperliquid NEAR | +0.0886% | 1h | 4.1186 | +0.063% | $345.7M | $299.9M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.0932% | 1h | 4.1255 | +0.230% | $5K | $11K | 10x | as long as short |
| HTX NEAR-USDT | +0.1077% | 8h | 4.1230 | +0.170% | $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
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
SunX NEAR-USDT
SoDEX NEAR-USD
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
Phoenix NEAR
Backpack NEAR_USDC_PERP
Lighter NEAR
Hyperliquid NEAR
Aftermath Perps NEARUSD
HTX NEAR-USDT