NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0535%/8h= −58.6% APRnext payment −$0.67 per $10,000 · paid last 24h −0.205%

Price spread now: Coinbase International against Phoenix−1.177%72s7-day average −0.196% · you buy dearer than you sell

Net, funding: paid 7d − costs−$140as 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−$470.473% of the position

Long on Phoenix Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.922%−$92 on $10k

Price spread, last 3 days (all we have)+1.055%+$106 · spread now −1.177%, 7d avg −0.196%

Together, before fees+0.133%+$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Coinbase International is 0.981% cheaper against Phoenix than usual: you would sell low and buy high (−$98 if the spread goes back to its 7-day average of −0.196%). Swap the legs. The two prices were read 72 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	4.3418	0.0463	pay 0.0058% / 1h	49m 50s	$1.8M	$2.7M	10x
Short	Coinbase International NEAR-PERP-INTX	4.2907	−0.0072	pay 0.0009% / 1h	49m 50s	$2.2M	$13.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −1.177%Rate

Funding earned: −$112.41
Price spread: −1.177% → −0.196%: −$98.07
Slippage, 4 orders: −$30.32
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$257.8
Costs to cover: 0.473%
Break-even: never at this rate

Slippage from Phoenix: live order book, 4 min ago; Coinbase International: live order book, 4 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, 4 min ago	0.92 bp	12.3 bp −$12	51.2 bp −$512	doesn't fit	doesn't fit
Sell Coinbase International live order book, 4 min ago	3.92 bp	10.8 bp −$11	18.8 bp −$188	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	4.2784	−1.460%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTXshort	−0.0072%	1h	4.2907	−1.177%	$2.2M	$13.1M	50x
dYdX NEAR-USD	0.0000%	1h	4.2884	−1.229%	$111K	$59K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2914	−1.161%	$394K	$18.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2842	−1.326%	$204K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.625%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2800	−1.423%	$108K	$497K	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2933	−1.118%	$31K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2949	−1.081%	$3.0M	$5.5M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.2935	−1.112%	$403K	$1.2M	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance NEARUSDT	+0.0100%	8h	4.2978	−1.012%	$254.5M	$1.07B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.2940	−1.101%	$220.9M	$421.9M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2940	−1.101%	$61.2M	$286.8M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2830	−1.354%	$197K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3000	−0.963%	$245K	$2K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2976	−1.018%	$30.4M	$58.7M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2970	−1.032%	$79.9M	$139.9M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2990	−0.986%	$56.4M	$43.6M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2973	−1.025%	$71.4M	$126.2M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.2970	−1.032%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3020	−0.918%	$8.0M	$17.9M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3254	−0.378%	$270K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3290	−0.294%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3350	−0.157%	$181K	$789K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2822	−1.373%	$201K	$3.3M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2838	−1.336%	$57K	$194K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2890	−1.216%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2850	−1.308%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2860	−1.285%	$3.9M	$8.2M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2941	−1.099%	$4.0M	$15.8M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2800	−1.423%	$206K	$62K	3x	as long as short
Kraken Futures PF_NEARUSD	+0.0118%	1h	4.2862	−1.281%	$7.5M	$36.8M	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2960	−1.055%	$13.0M	$30.8M	75x	as long as short
01 Exchange NEARUSD	+0.0232%	1h	4.2822	−1.373%	$13K	$7K	10x	as long as short
Lighter RH NEAR	+0.0312%	1h	4.3035	−0.882%	$1.5M	$7.0M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0390% / S −0.0343%	1h	4.2850	−1.308%	$291K	—	100x	as long as short
RISEx NEAR/USDC	+0.0404%	1h	4.2830	−1.354%	$413K	$1.2M	10x	as long as short
Phoenix NEARlong	+0.0463%	1h	4.3418	long leg	$1.8M	$2.7M	10x
Backpack NEAR_USDC_PERP	+0.0465%	1h	4.2906	−1.179%	$1.3M	$5.6M	20x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0474%	1h	4.2870	−1.262%	$1.9M	$2.3M	25x	as long as short
Nado NEAR-PERP	+0.0865%	1h	4.2782	−1.465%	$1.9M	$3.4M	10x	as long as short
HTX NEAR-USDT	+0.0890%	8h	4.2980	−1.009%	$459K	$3.7M	75x	as long as short
Aftermath Perps NEARUSD	+0.1164%	1h	4.3105	−0.721%	$5K	$11K	10x	as long as short
Hyperliquid NEAR	+0.1281%	1h	4.3044	−0.861%	$371.2M	$297.6M	10x	as long as short
Lighter NEAR	+0.2192%	1h	4.3185	−0.536%	$16.6M	$23.6M	15x	as long as short