Funding you earn now, next payment 04:00 UTC−0.0211%/8h= −23.1% APRnext payment −$0.26 per $10,000 · paid last 24h −0.083%
Price spread now: Deribit against Phoenix−0.878%70s7-day average −0.103% · you buy dearer than you sell
Net, funding: paid 7d − costs−$75as 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−$380.377% of the position
Funding, last 7 days−0.368%−$37 on $10k
+Price spread, last 4 days (all we have)+0.793%+$79 · spread now −0.878%, 7d avg −0.103%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Deribit is 0.774% cheaper against Phoenix than usual: you would sell low and buy high (−$77 if the spread goes back to its 7-day average of −0.103%). Swap the legs. The two prices were read 70 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 | 4.3300 | 0.0941 | pay 0.0118% / 1h | 2m 19s | $1.8M | $2.8M | 10x |
| Short | Deribit NEAR_USDC-PERPETUAL | 4.2920 | 0.0730 | get 0.0091% / 1h | 2m 19s | $1.9M | $10.0M | 25x |
Phoenix NEAR
Deribit NEAR_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Phoenix. 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
- −$44.28
- Price spread: −0.878% → −0.103%
- −$77.43
- Slippage, 4 orders
- −$23.73
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$159.44
- Costs to cover
- 0.377%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 1 min ago; Deribit: 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 Phoenix live order book, 1 min ago | 0.93 bp | 12.3 bp −$12 | 51.1 bp −$511 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 2 min ago | 2.79 bp | 7.4 bp −$7 | 14.2 bp −$142 | 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 | 4.2867 | −1.000% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.2913 | −0.894% | $106K | $68K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.2881 | −0.969% | $161K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −4.365% | $578 | $301K | 12x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0056% | 1h | 4.2904 | −0.915% | $2.3M | $15.7M | 50x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.2880 | −0.970% | $110K | $501K | 50x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.2896 | −0.933% | $261.6M | $1.09B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.2869 | −0.995% | $212.3M | $426.3M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.2900 | −0.924% | $60.6M | $285.4M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.2973 | −0.755% | $245K | −$0 | 10x | as long as short |
Reya NEARRUSDPERP
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Coinbase International NEAR-PERP-INTX
Popdex NEARUSDT
Binance NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Bulk NEAR-USDShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate NEAR_USDT | +0.0100% | 8h | 4.2859 | −1.018% | $31.8M | $62.7M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.2900 | −0.924% | $72.5M | $147.8M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.2910 | −0.901% | $53.3M | $45.7M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.2896 | −0.933% | $70.9M | $127.4M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.2890 | −0.947% | — | $144.4M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.2987 | −0.722% | $8.1M | $17.9M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.2977 | −0.747% | $251K | $949K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.2967 | −0.768% | $1.4M | $1.5M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3190 | −0.254% | $166K | $794K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.2891 | −0.945% | $267K | $3.9M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.2914 | −0.891% | $57K | $246K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.2960 | −0.785% | $1K | $1.4M | 20x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.2970 | −0.762% | $457K | $3.9M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.2910 | −0.901% | $3.6M | $8.3M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.2919 | −0.879% | $31K | $608 | 10x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.2925 | −0.866% | $200K | $37K | 3x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.2980 | −0.739% | $13.4M | $31.7M | 75x | as long as short |
| Kalshi KXNEARPERP | +0.0247% | 8h | 4.2930 | −0.855% | $771K | $23.9M | 2.2x | as long as short |
| Pacifica NEAR | +0.0263% | 1h | 4.2944 | −0.822% | $396K | $1.3M | 10x | as long as short |
| SoDEX NEAR-USD | +0.0310% | 1h | 4.2875 | −0.982% | $6K | $53K | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0322% / S −0.0198% | 1h | 4.2883 | −0.964% | $232K | — | 100x | as long as short |
| Aster NEARUSDT | +0.0331% | 8h | 4.2900 | −0.924% | $2.8M | $5.5M | 50x | as long as short |
| 01 Exchange NEARUSD | +0.0520% | 1h | 4.2990 | −0.716% | $13K | $7K | 10x | as long as short |
| Extended NEAR-USD | +0.0536% | 1h | 4.2884 | −0.961% | $3.7M | $19.8M | 25x | as long as short |
| Hyperliquid NEAR | +0.0558% | 1h | 4.2893 | −0.940% | $350.9M | $313.3M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0564% | 1h | 4.2977 | −0.746% | $1.3M | $6.8M | 20x | as long as short |
| Nado NEAR-PERP | +0.0566% | 1h | 4.2890 | −0.947% | $1.8M | $3.1M | 10x | as long as short |
| Arcus NEAR-USD | +0.0627% | 1h | 4.2990 | −0.716% | $211K | $1.6M | 10x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0719% | 1h | 4.2871 | −0.990% | $7.5M | $38.9M | 50x | as long as short |
| Deribit NEAR_USDC-PERPETUALshort | +0.0730% | 1h | 4.2920 | −0.878% | $1.9M | $10.0M | 25x | |
| Lighter RH NEAR | +0.0912% | 1h | 4.2938 | −0.836% | $1.5M | $7.4M | 10x | as long as short |
| Phoenix NEARlong | +0.0941% | 1h | 4.3300 | long leg | $1.8M | $2.8M | 10x | |
| Lighter NEAR | +0.1032% | 1h | 4.2939 | −0.834% | $17.3M | $25.1M | 15x | as long as short |
| RISEx NEAR/USDC | +0.1162% | 1h | 4.2937 | −0.838% | $671K | $1.3M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1514% | 1h | 4.3057 | −0.560% | $5K | $12K | 10x | as long as short |
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDT
Variational Omni NEAR
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
HTX NEAR-USDT
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Aevo NEAR-PERP
BloFin NEAR-USDT
Kalshi KXNEARPERP
Pacifica NEAR
SoDEX NEAR-USD
GMX NEAR/USD [ETH-USDC]
Aster NEARUSDT
01 Exchange NEARUSD
Extended NEAR-USD
Hyperliquid NEAR
Backpack NEAR_USDC_PERP
Nado NEAR-PERP
Arcus NEAR-USD
Kraken Futures PF_NEARUSD
Lighter RH NEAR
Lighter NEAR
RISEx NEAR/USDC
Aftermath Perps NEARUSD