NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0019%/8h= +2.1% APRnext payment +$0.19 per $10,000 · paid last 24h 0.000%

Price spread now: Orderly against Phemex+0.075%7-day average −0.003% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Phemex Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.019%+$2 on $10k

Price spread, last 4 days (all we have)+0.023%+$2 · spread now +0.075%, 7d avg −0.003%

Together, before fees+0.042%+$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Orderly is 0.078% dearer against Phemex than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex NEARUSDT	4.5450	0.0081	pay 0.0081% / 8h	6h 59m	$3.5M	$8.0M	50x
Short	Orderly PERP_NEAR_USDC	4.5484	0.0100	get 0.0100% / 8h	6h 59m	$59K	$269K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.075%Rate

Funding earned: $3.97
Price spread: +0.075% → −0.003%: $7.81
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$6.22
Costs to cover: 0.180%
Break-even: 18.0 days

Slippage unknown: Phemex: live order book, 4 min ago; Orderly: no order-book sample. Net counts fees only.

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, 4 min ago	13.16 bp	26.6 bp −$27	62.5 bp −$625	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Kraken Futures PF_NEARUSD	−0.0415%	1h	4.5471	+0.047%	$7.5M	$38.7M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.5367	−0.183%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.5396	−0.118%	$111K	$53K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.5437	−0.029%	$170K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−8.889%	$578	$301K	12x	as long as short
Phemex NEARUSDTlong	+0.0081%	8h	4.5450	long leg	$3.5M	$8.0M	50x
Popdex NEARUSDT	+0.0096%	1h	4.5450	0.000%	$120K	$522K	50x	as long as short
Hyperliquid NEAR	+0.0100%	1h	4.5424	−0.057%	$369.3M	$320.9M	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.5440	−0.022%	$2.7M	$4.7M	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.5450	0.000%	$276.1M	$1.09B	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	4.5420	−0.066%	$236.6M	$433.9M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.5370	−0.176%	$64.6M	$310.0M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.5450	0.000%	$237K	$1.4M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.5050	−0.880%	$260K	$3K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.5432	−0.040%	$39.1M	$61.0M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.5470	+0.044%	$84.4M	$161.9M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.5500	+0.110%	$54.1M	$45.7M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.5353	−0.213%	$74.9M	$128.1M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.5480	+0.066%	—	$83.3M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.5317	−0.293%	$9.4M	$17.8M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.5428	−0.049%	$268K	$901K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.5362	−0.193%	$1.5M	$1.6M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.5390	−0.132%	$169K	$826K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.5430	−0.044%	$283K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDCshort	+0.0100%	8h	4.5484	+0.075%	$59K	$269K	20x
SunX NEAR-USDT	+0.0100%	8h	4.5550	+0.220%	$1K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.5485	+0.077%	$5K	$49K	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.5462	+0.026%	$3.8M	$15.0M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.5475	+0.055%	$211K	$38K	3x	as long as short
Paradex NEAR-USD-PERP	+0.0109%	8h	4.5475	+0.054%	$33K	$413	10x	as long as short
Kalshi KXNEARPERP	+0.0128%	8h	4.5435	−0.033%	$907K	$25.4M	2.2x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.5440	−0.022%	$12.8M	$33.5M	75x	as long as short
HTX NEAR-USDT	+0.0284%	8h	4.5540	+0.198%	$481K	$3.8M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0347% / S −0.0242%	1h	4.5333	−0.258%	$265K	—	100x	as long as short
01 Exchange NEARUSD	+0.0440%	1h	4.5465	+0.033%	$13K	$5K	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.5417	−0.073%	$2.4M	$17.9M	50x	as long as short
Lighter RH NEAR	+0.0568%	1h	4.5524	+0.163%	$1.6M	$5.9M	10x	as long as short
RISEx NEAR/USDC	+0.0569%	1h	4.5326	−0.273%	$646K	$1.6M	10x	as long as short
Lighter NEAR	+0.0584%	1h	4.5518	+0.149%	$17.9M	$23.3M	15x	as long as short
Backpack NEAR_USDC_PERP	+0.0657%	1h	4.5514	+0.141%	$1.1M	$7.2M	20x	as long as short
Nado NEAR-PERP	+0.0676%	1h	4.5425	−0.055%	$1.7M	$3.2M	10x	as long as short
Pacifica NEAR	+0.0701%	1h	4.5494	+0.097%	$429K	$1.4M	10x	as long as short
Phoenix NEAR	+0.0740%	1h	4.5602	+0.334%	$1.7M	$2.2M	10x	as long as short
Aftermath Perps NEARUSD	+0.1250%	1h	4.5354	−0.212%	$6K	$7K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1664%	1h	4.5537	+0.191%	$2.0M	$13.1M	25x	as long as short