NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0395%/8h= −43.3% APRnext payment −$0.49 per $10,000 · paid last 24h −0.157%

Price spread now: Extended against Phoenix−1.168%88s7-day average −0.256% · you buy dearer than you sell

Net, funding: paid 7d − costs−$108as 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−$360.362% of the position

Long on Phoenix Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.718%−$72 on $10k

Price spread, last 7 days+1.038%+$104 · spread now −1.168%, 7d avg −0.256%

Together, before fees+0.320%+ Points / potential airdropExtended: Active · farm board+$32 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Extended is 0.912% cheaper against Phoenix than usual: you would sell low and buy high (−$91 if the spread goes back to its 7-day average of −0.256%). Swap the legs. The two prices were read 88 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	4.3638	0.0499	pay 0.0062% / 1h	9m 52s	$1.8M	$2.7M	10x
Short	Extended NEAR-USD	4.3128	0.0104	get 0.0013% / 1h	9m 52s	$3.8M	$17.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −1.168%Rate

Funding earned: −$83.02
Price spread: −1.168% → −0.256%: −$91.19
Slippage, 4 orders: −$24.2
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$210.41
Costs to cover: 0.362%
Break-even: never at this rate

Slippage from Phoenix: live order book, 4 min ago; Extended: 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 Extended live order book, 4 min ago	2.53 bp	6.4 bp −$6	12.9 bp −$129	1054.9 bp −$105.5K	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	4.3137	−1.148%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0130%	1h	4.3128	−1.168%	$7.9M	$38.0M	50x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.3396	−0.555%	$2.3M	$13.0M	50x	as long as short
Phemex NEARUSDT	−0.0037%	8h	4.3090	−1.256%	$3.8M	$8.4M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3138	−1.146%	$112K	$64K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3164	−1.086%	$345K	$18.7M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3104	−1.224%	$203K	—	150x	as long as short
Variational Omni NEAR	+0.0010%	8h	4.3248	−0.894%	$8.2M	$18.9M	—	as long as short
01 Exchange NEARUSD	+0.0024%	1h	4.3185	−1.038%	$13K	$7K	10x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.106%	$578	$302K	12x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex NEARUSDT	+0.0096%	1h	4.3160	−1.095%	$115K	$479K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0098%	8h	4.3116	−1.196%	$57K	$177K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3164	−1.086%	$31K	$608	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.3165	−1.083%	$3.0M	$5.8M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3182	−1.046%	$399K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3143	−1.134%	$257.5M	$1.05B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3160	−1.095%	$218.4M	$414.7M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3140	−1.141%	$60.9M	$278.0M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3180	−1.050%	$205K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3083	−1.271%	$245K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3149	−1.121%	$31.0M	$60.9M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3160	−1.095%	$75.7M	$141.8M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3160	−1.095%	$56.0M	$42.7M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3128	−1.169%	$71.8M	$122.3M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3150	−1.118%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3290	−0.797%	$258K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3459	−0.409%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3330	−0.706%	$181K	$780K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3177	−1.056%	$198K	$3.4M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3180	−1.050%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3090	−1.256%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3180	−1.050%	$455K	$3.7M	75x	as long as short
Extended NEAR-USDshort	+0.0104%	1h	4.3128	−1.168%	$3.8M	$17.3M	25x
Aevo NEAR-PERP	+0.0104%	1h	4.3108	−1.214%	$201K	$31K	3x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0214%	1h	4.3134	−1.155%	$1.9M	$3.8M	25x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3230	−0.935%	$12.9M	$27.7M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0375% / S −0.0307%	1h	4.3100	−1.234%	$275K	—	100x	as long as short
Hyperliquid NEAR	+0.0386%	1h	4.3205	−0.992%	$366.6M	$300.8M	10x	as long as short
RISEx NEAR/USDC	+0.0428%	1h	4.3174	−1.063%	$402K	$1.2M	10x	as long as short
Nado NEAR-PERP	+0.0429%	1h	4.3138	−1.146%	$1.9M	$3.1M	10x	as long as short
Lighter RH NEAR	+0.0472%	1h	4.3202	−0.999%	$1.6M	$7.0M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0482%	1h	4.3143	−1.134%	$1.3M	$5.9M	20x	as long as short
Phoenix NEARlong	+0.0499%	1h	4.3638	long leg	$1.8M	$2.7M	10x
Aftermath Perps NEARUSD	+0.1489%	1h	4.3250	−0.889%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1784%	1h	4.3240	−0.912%	$17.3M	$24.7M	15x	as long as short