NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0837%/8h= −91.7% APRnext payment −$1.05 per $10,000 · paid last 24h −0.162%

Price spread now: Aevo against Phoenix−0.154%66s7-day average −0.173% · you buy dearer than you sell

Net, funding: paid 7d − costs−$148as 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−$740.735% of the position

Long on Phoenix Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days−0.744%−$74 on $10k

Price spread, last 4 days (all we have)−0.068%−$7 · spread now −0.154%, 7d avg −0.173%

Together, before fees−0.811%−$81 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.173%, so right now this pair is about funding alone: −$25 a day on $10k at the current rate. The two prices were read 66 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	Phoenix NEAR	4.3666	0.0949	pay 0.0119% / 1h	55m 38s	$1.8M	$2.4M	10x
Short	Aevo NEAR-PERP	4.3599	0.0112	get 0.0014% / 1h	55m 38s	$203K	$40K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Phoenix. 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 PhoenixbpFee AevobpOrdersPrice spread, now −0.154%Rate

Funding earned: −$175.8
Price spread: −0.154% → −0.173%: $1.83
Slippage, 4 orders: −$50.55
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$247.52
Costs to cover: 0.735%
Break-even: never at this rate

Slippage from Phoenix: live order book, 3 min ago; Aevo: live order book, 43 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 Phoenix live order book, 3 min ago	0.91 bp	12.3 bp −$12	51.2 bp −$512	doesn't fit	doesn't fit
Sell Aevo live order book, 43 min ago	10.41 bp	25.0 bp −$25	doesn't fit	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
Kraken Futures PF_NEARUSD	−0.0433%	1h	4.3576	−0.206%	$7.2M	$38.7M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.3560	−0.242%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3543	−0.281%	$107K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3589	−0.176%	$163K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.166%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3550	−0.266%	$115K	$500K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.3546	−0.275%	$2.7M	$4.8M	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3549	−0.268%	$219.7M	$429.4M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3560	−0.243%	$61.4M	$295.8M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3570	−0.220%	$228K	$1.5M	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bulk NEAR-USD	+0.0100%	1h	4.3688	+0.050%	$252K	$3K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3531	−0.309%	$36.0M	$61.6M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3540	−0.289%	$52.7M	$45.9M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3521	−0.332%	$71.9M	$127.6M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3578	−0.202%	$8.9M	$18.5M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3729	+0.144%	$253K	$892K	20x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3710	+0.101%	$167K	$815K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3607	−0.135%	$272K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3630	−0.082%	$58K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3650	−0.037%	$2K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3585	−0.185%	$5K	$50K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3570	−0.220%	$3.5M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3535	−0.301%	$31K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3512	−0.352%	$3.6M	$16.2M	25x	as long as short
Aevo NEAR-PERPshort	+0.0112%	1h	4.3599	−0.154%	$203K	$40K	3x
Binance NEARUSDT	+0.0133%	8h	4.3535	−0.301%	$262.7M	$1.09B	75x	as long as short
MEXC NEAR_USDT	+0.0136%	8h	4.3540	−0.289%	$90.0M	$152.7M	200x	as long as short
BingX NEAR-USDT	+0.0144%	8h	4.3540	−0.289%	—	$83.0M	—	as long as short
Kalshi KXNEARPERP	+0.0161%	8h	4.3603	−0.144%	$911K	$25.1M	2.2x	as long as short
GRVT NEAR_USDT_Perp	+0.0250%	8h	4.3771	+0.241%	$1.4M	$1.6M	10x	as long as short
BloFin NEAR-USDT	+0.0258%	8h	4.3640	−0.060%	$13.2M	$32.2M	75x	as long as short
Hyperliquid NEAR	+0.0296%	1h	4.3572	−0.215%	$351.4M	$317.3M	10x	as long as short
01 Exchange NEARUSD	+0.0312%	1h	4.3583	−0.190%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0317%	1h	4.3575	−0.208%	$1.7M	$3.2M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0344% / S −0.0245%	1h	4.3584	−0.189%	$254K	—	100x	as long as short
HTX NEAR-USDT	+0.0355%	8h	4.3690	+0.055%	$462K	$3.8M	75x	as long as short
Lighter RH NEAR	+0.0376%	1h	4.3592	−0.169%	$1.5M	$6.4M	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.3594	−0.165%	$2.3M	$17.0M	50x	as long as short
Backpack NEAR_USDC_PERP	+0.0555%	1h	4.3574	−0.211%	$1.1M	$7.2M	20x	as long as short
RISEx NEAR/USDC	+0.0656%	1h	4.3560	−0.243%	$592K	$1.5M	10x	as long as short
Lighter NEAR	+0.0664%	1h	4.3601	−0.150%	$17.2M	$23.8M	15x	as long as short
Pacifica NEAR	+0.0701%	1h	4.3535	−0.301%	$410K	$1.4M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0759%	1h	4.3632	−0.078%	$1.9M	$13.1M	25x	as long as short
Phoenix NEARlong	+0.0949%	1h	4.3666	long leg	$1.8M	$2.4M	10x
Aftermath Perps NEARUSD	+0.1091%	1h	4.3641	−0.057%	$5K	$7K	10x	as long as short