Funding you earn now, next payment 03:00 UTC−0.0694%/8h= −76.0% APRpaid last 24h −0.156%
Price spread now: GRVT against Phoenix+0.231%7-day average −0.201% · you sell dearer than you buy
Net, funding: paid 7d − costs−$115as in the Funding arb table
Net, price: spread back to 7d avg − costs$0as in the Price arb table
costs, in and out, $10k−$440.436% of the position
Funding, last 7 days−0.710%−$71 on $10k
+Price spread, last 7 days−0.406%−$41 · spread now +0.231%, 7d avg −0.201%
=Together, before fees−1.116%+ Points / potential airdropGRVT: Active · farm board−$112 on $10k · with fees, hour by hour
The price spread pays, funding is against you. GRVT is 0.432% dearer against Phoenix than usual: you sell high and buy low (spread +0.231% now, against its 7-day average of −0.201%): +$43 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 2.1 days. At the pace of the last 7 days (−0.710% in total) that is about 4.3 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix NEAR | 4.4521 | 0.0794 | pay 0.0099% / 1h | 45m 03s | $1.8M | $2.8M | 10x |
| Short | GRVT NEAR_USDT_Perp | 4.4624 | 0.0100 | get 0.0100% / 8h | 4h 45m | $1.5M | $1.4M | 10x |
Phoenix NEAR
GRVT NEAR_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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
- −$145.71
- Price spread: +0.231% → −0.201%
- $43.19
- Slippage, 4 orders
- −$27.61
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$146.14
- Costs to cover
- 0.436%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 3 min ago; GRVT: live order book, 3 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 | 0.90 bp | 12.3 bp −$12 | 51.4 bp −$514 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 3 min ago | 2.24 bp | 9.6 bp −$10 | 32.1 bp −$321 | 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 | 4.4154 | −0.824% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0008% | 1h | 4.4210 | −0.699% | $2.2M | $15.3M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.4330 | −0.429% | $109K | $70K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.4222 | −0.672% | $628K | $22.2M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0005% | 1h | 4.4194 | −0.735% | $178K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −6.988% | $578 | $302K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.4170 | −0.788% | $116K | $515K | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.4342 | −0.401% | $424K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.4485 | −0.081% | $272.0M | $1.11B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.4510 | −0.025% | $223.0M | $425.2M | 75x | as long as short |
Reya NEARRUSDPERP
Coinbase International NEAR-PERP-INTX
dYdX NEAR-USD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Pacifica NEAR
Binance NEARUSDT
Bybit NEARUSDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.4520 | −0.002% | $63.0M | $303.5M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.5100 | +1.301% | $257K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.4439 | −0.184% | $32.1M | $62.9M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.4470 | −0.115% | $75.0M | $147.6M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.4320 | −0.451% | $55.0M | $46.2M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.4471 | −0.112% | $73.1M | $130.6M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.4450 | −0.159% | — | $6.6M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.4367 | −0.346% | $8.6M | $18.2M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.4481 | −0.091% | $267K | $979K | 20x | as long as short |
| GRVT NEAR_USDT_Perpshort | +0.0100% | 8h | 4.4624 | +0.231% | $1.5M | $1.4M | 10x | |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.4460 | −0.137% | $171K | $793K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.4175 | −0.777% | $239K | $4.0M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.4217 | −0.683% | $56K | $237K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.4310 | −0.474% | $1K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.4215 | −0.687% | $8K | $53K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.4260 | −0.586% | $460K | $4.0M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.4360 | −0.362% | $3.8M | $8.4M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.4307 | −0.480% | $32K | $608 | 10x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.4215 | −0.687% | $206K | $40K | 3x | as long as short |
| Hyperliquid NEAR | +0.0162% | 1h | 4.4491 | −0.068% | $367.5M | $326.8M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0178% | 1h | 4.4478 | −0.097% | $1.4M | $6.6M | 20x | as long as short |
| Extended NEAR-USD | +0.0192% | 1h | 4.4166 | −0.798% | $4.0M | $19.6M | 25x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.4410 | −0.249% | $14.1M | $33.1M | 75x | as long as short |
| 01 Exchange NEARUSD | +0.0240% | 1h | 4.4143 | −0.849% | $13K | $7K | 10x | as long as short |
| Aster NEARUSDT | +0.0293% | 8h | 4.4219 | −0.679% | $3.0M | $5.5M | 50x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0338% / S −0.0217% | 1h | 4.4189 | −0.746% | $247K | — | 100x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0429% | 1h | 4.4230 | −0.654% | $2.0M | $6.7M | 25x | as long as short |
| Lighter RH NEAR | +0.0504% | 1h | 4.4354 | −0.375% | $1.5M | $7.2M | 10x | as long as short |
| Nado NEAR-PERP | +0.0568% | 1h | 4.4146 | −0.841% | $1.9M | $3.1M | 10x | as long as short |
| Arcus NEAR-USD | +0.0581% | 1h | 4.4520 | −0.002% | $220K | $1.8M | 10x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0587% | 1h | 4.4241 | −0.629% | $8.2M | $40.2M | 50x | as long as short |
| Lighter NEAR | +0.0680% | 1h | 4.4380 | −0.317% | $17.9M | $26.2M | 15x | as long as short |
| Phoenix NEARlong | +0.0794% | 1h | 4.4521 | long leg | $1.8M | $2.8M | 10x | |
| RISEx NEAR/USDC | +0.0926% | 1h | 4.4156 | −0.821% | $558K | $1.4M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1572% | 1h | 4.4597 | +0.172% | $6K | $12K | 10x | as long as short |
OKX NEAR-USDT-SWAP
Bulk NEAR-USD
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDC
Variational Omni NEAR
edgeX NEARUSDC
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
SoDEX NEAR-USD
HTX NEAR-USDT
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Aevo NEAR-PERP
Hyperliquid NEAR
Backpack NEAR_USDC_PERP
Extended NEAR-USD
BloFin NEAR-USDT
01 Exchange NEARUSD
Aster NEARUSDT
GMX NEAR/USD [ETH-USDC]
Deribit NEAR_USDC-PERPETUAL
Lighter RH NEAR
Nado NEAR-PERP
Arcus NEAR-USD
Kraken Futures PF_NEARUSD
Lighter NEAR
RISEx NEAR/USDC
Aftermath Perps NEARUSD