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Funding arb · Price arb /

NEAR

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.012%
Price spread now: Variational Omni against Phemex+0.445%7-day average −0.012% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on PhemexShort on Variational Omni
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.012%−$1 on $10k
Price spread, last 4 days (all we have)−0.125%−$13 · spread now +0.445%, 7d avg −0.012%
Together, before fees−0.137%+ Points / potential airdropVariational Omni: Active · farm board−$14 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: Variational Omni is 0.458% dearer against Phemex than usual: you sell high and buy low, +$46 on $10k if it goes back to its 7-day average of −0.012%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex NEARUSDT4.41000.0100pay 0.0100% / 8h5h 31m$3.9M$8.1M50x
ShortVariational Omni NEAR4.42960.0100get 0.0100% / 8h5h 31m$8.7M$18.2M—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni 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

Funding earned
$0
Price spread: +0.445% → −0.012%
$45.78
Slippage, 4 orders
no order book: not counted
Fee Phemex: 6 bp × 2 orders
−$12
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$33.78
Costs to cover
0.120%
Break-even
from the start
Slippage unknown: Phemex: live order book, 3 min ago; Variational Omni: RFQ quote, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phemex live order book, 3 min ago6.76 bp26.8 bp −$2755.4 bp −$554doesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 3 min ago3.84 bpdoesn't fit12.2 bp −$12240.4 bp −$4,039doesn't fit

NEAR on 45 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit NEAR_USDC-PERPETUAL−0.0949%1h4.4167+0.152%$1.9M$4.4M25xas long as short
Reya NEARRUSDPERP−0.0171%1h4.4169+0.157%$2K—20xas long as short
Coinbase International NEAR-PERP-INTX−0.0016%1h4.4166+0.150%$2.2M$14.6M50xas long as short
dYdX NEAR-USD0.0000%1h4.4260+0.363%$109K$70K10xas long as short
Kalshi KXNEARPERP0.0000%8h4.4284+0.417%$644K$19.5M2.2xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0004%1h4.4212+0.254%$199K—150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−6.100%$578$302K12xas long as short
Popdex NEARUSDT+0.0096%1h4.4150+0.113%$116K$489K50xas long as short
Pacifica NEAR+0.0100%1h4.4237+0.310%$418K$1.2M10xas long as short
Binance NEARUSDT+0.0100%8h4.4216+0.262%$268.4M$1.08B75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit NEARUSDT+0.0100%8h4.4130+0.068%$221.9M$419.1M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.4140+0.091%$63.2M$292.7M50xas long as short
Bulk NEAR-USD+0.0100%1h4.4421+0.727%$253K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.4187+0.197%$31.9M$62.7M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.4170+0.159%$75.9M$142.8M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.4170+0.159%$55.5M$44.3M75xas long as short
Bitget NEARUSDT+0.0100%8h4.4169+0.156%$72.8M$127.1M75xas long as short
BingX NEAR-USDT+0.0100%8h4.4200+0.227%—$145.2M—as long as short
Variational Omni NEARshort+0.0100%8h4.4296+0.445%$8.7M$18.2M—
edgeX NEARUSDC+0.0100%4h4.4477+0.856%$267K$989K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.4540+0.999%$1.5M$1.4M10xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.4192+0.209%$211K$3.7M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.4178+0.177%$60K$195K20xas long as short
SunX NEAR-USDT+0.0100%8h4.4160+0.136%$1K$1.4M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.4105+0.011%$5K$51K10xas long as short
HTX NEAR-USDT+0.0100%8h4.4200+0.227%$459K$3.9M75xas long as short
Phemex NEARUSDTlong+0.0100%8h4.4100long leg$3.9M$8.1M50x
Paradex NEAR-USD-PERP+0.0101%8h4.4162+0.140%$32K$60810xas long as short
Extended NEAR-USD+0.0104%1h4.4161+0.138%$3.8M$18.6M25xas long as short
Aevo NEAR-PERP+0.0104%1h4.4200+0.227%$206K$34K3xas long as short
ApeX Omni NEARUSDT+0.0186%1h4.4450+0.794%$172K$793K50xas long as short
BloFin NEAR-USDT+0.0220%8h4.4530+0.975%$13.8M$31.5M75xas long as short
Aster NEARUSDT+0.0238%8h4.4220+0.272%$3.0M$5.4M50xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0351% / S −0.0245%1h4.4218+0.267%$260K—100xas long as short
Nado NEAR-PERP+0.0387%1h4.4175+0.170%$1.9M$3.1M10xas long as short
01 Exchange NEARUSD+0.0408%1h4.4146+0.104%$13K$7K10xas long as short
Arcus NEAR-USD+0.0410%1h4.4200+0.227%$210K$1.7M10xas long as short
Backpack NEAR_USDC_PERP+0.0639%1h4.4107+0.016%$1.4M$6.6M20xas long as short
Kraken Futures PF_NEARUSD+0.0699%1h4.4104+0.010%$8.2M$41.0M50xas long as short
Hyperliquid NEAR+0.0781%1h4.4239+0.315%$369.2M$307.9M10xas long as short
Lighter RH NEAR+0.0808%1h4.4337+0.537%$1.6M$6.9M10xas long as short
Phoenix NEAR+0.0855%1h4.4463+0.823%$1.8M$2.7M10xas long as short
RISEx NEAR/USDC+0.0924%1h4.4180+0.181%$557K$1.3M10xas long as short
Lighter NEAR+0.1344%1h4.4330+0.522%$17.7M$25.9M15xas long as short
Aftermath Perps NEARUSD+0.1706%1h4.4245+0.330%$6K$12K10xas long as short