Funding you earn now, next payment 02:00 UTC−0.0755%/8h= −82.6% APRpaid last 24h −0.153%
Price spread now: MEXC against Phoenix−0.594%47s7-day average −0.201% · you buy dearer than you sell
Net, funding: paid 7d − costs−$104as 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−$300.296% of the position
Funding, last 7 days−0.743%−$74 on $10k
+Price spread, last 7 days+0.453%+$45 · spread now −0.594%, 7d avg −0.201%
=Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and MEXC is 0.394% cheaper against Phoenix than usual: you would sell low and buy high (−$39 if the spread goes back to its 7-day average of −0.201%). Swap the legs. The two prices were read 47 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 | 4.5923 | 0.0855 | pay 0.0107% / 1h | 12m 26s | $1.9M | $2.7M | 10x |
| Short | MEXC NEAR_USDT | 4.5650 | 0.0100 | get 0.0100% / 8h | 5h 12m | $78.9M | $147.4M | 200x |
Phoenix NEAR
MEXC NEAR_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$158.49
- Price spread: −0.594% → −0.201%
- −$39.36
- Slippage, 4 orders
- −$22.6
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$227.46
- Costs to cover
- 0.296%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 1 min ago; MEXC: 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 | 1.09 bp | 12.3 bp −$12 | 51.2 bp −$512 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 2 min ago | 2.19 bp | 2.2 bp −$2 | 3.6 bp −$36 | 71.9 bp −$7,186 | 104.6 bp −$52.3K |
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 | 4.5524 | −0.869% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0016% | 1h | 4.5669 | −0.553% | $2.2M | $15.7M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.5642 | −0.611% | $113K | $70K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.5681 | −0.527% | $482K | $21.2M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.5663 | −0.567% | $170K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −9.827% | $578 | $302K | 12x | as long as short |
| Phemex NEARUSDT | +0.0080% | 8h | 4.5600 | −0.703% | $3.9M | $8.3M | 50x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.5580 | −0.747% | $114K | $512K | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.5659 | −0.575% | $435K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.5594 | −0.717% | $279.2M | $1.11B | 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
Phemex NEARUSDT
Popdex NEARUSDT
Pacifica NEAR
Binance NEARUSDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit NEARUSDT | +0.0100% | 8h | 4.5545 | −0.823% | $228.2M | $425.5M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.5500 | −0.921% | $65.8M | $308.9M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.5467 | −0.994% | $259K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.5640 | −0.616% | $33.2M | $64.6M | 75x | as long as short |
| MEXC NEAR_USDTshort | +0.0100% | 8h | 4.5650 | −0.594% | $78.9M | $147.4M | 200x | |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.5630 | −0.638% | $56.1M | $45.6M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.5524 | −0.869% | $74.9M | $129.5M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.5610 | −0.682% | — | $6.6M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.5466 | −0.995% | $8.8M | $18.2M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.5651 | −0.592% | $274K | $989K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.5626 | −0.648% | $1.5M | $1.4M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.5600 | −0.703% | $175K | $797K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.5570 | −0.769% | $214K | $3.8M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.5658 | −0.577% | $58K | $237K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.5770 | −0.333% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.5625 | −0.649% | $9K | $54K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.5760 | −0.355% | $474K | $4.1M | 75x | as long as short |
| Paradex NEAR-USD-PERP | +0.0102% | 8h | 4.5605 | −0.693% | $33K | $608 | 10x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.5789 | −0.292% | $213K | $40K | 3x | as long as short |
| Extended NEAR-USD | +0.0112% | 1h | 4.5589 | −0.727% | $4.3M | $19.2M | 25x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.5670 | −0.551% | $13.8M | $34.1M | 75x | as long as short |
| Aster NEARUSDT | +0.0306% | 8h | 4.5661 | −0.571% | $3.1M | $5.5M | 50x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0363% / S −0.0249% | 1h | 4.5662 | −0.568% | $276K | — | 100x | as long as short |
| Nado NEAR-PERP | +0.0386% | 1h | 4.5562 | −0.785% | $2.0M | $3.2M | 10x | as long as short |
| 01 Exchange NEARUSD | +0.0392% | 1h | 4.5612 | −0.677% | $13K | $7K | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0407% | 1h | 4.5671 | −0.549% | $2.0M | $4.5M | 25x | as long as short |
| Arcus NEAR-USD | +0.0410% | 1h | 4.5680 | −0.529% | $221K | $1.7M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0597% | 1h | 4.5666 | −0.560% | $1.4M | $6.7M | 20x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0675% | 1h | 4.5663 | −0.566% | $8.5M | $41.3M | 50x | as long as short |
| Lighter RH NEAR | +0.0720% | 1h | 4.5718 | −0.446% | $1.6M | $7.1M | 10x | as long as short |
| Hyperliquid NEAR | +0.0816% | 1h | 4.5618 | −0.664% | $382.6M | $321.0M | 10x | as long as short |
| Phoenix NEARlong | +0.0855% | 1h | 4.5923 | long leg | $1.9M | $2.7M | 10x | |
| RISEx NEAR/USDC | +0.0924% | 1h | 4.5639 | −0.620% | $576K | $1.4M | 10x | as long as short |
| Lighter NEAR | +0.1208% | 1h | 4.5754 | −0.369% | $18.3M | $26.8M | 15x | as long as short |
| Aftermath Perps NEARUSD | +0.1583% | 1h | 4.5505 | −0.910% | $6K | $12K | 10x | as long as short |
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Bulk NEAR-USD
Gate NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDC
Variational Omni NEAR
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
SoDEX NEAR-USD
HTX NEAR-USDT
Paradex NEAR-USD-PERP
Aevo NEAR-PERP
Extended NEAR-USD
BloFin NEAR-USDT
Aster NEARUSDT
GMX NEAR/USD [ETH-USDC]
Nado NEAR-PERP
01 Exchange NEARUSD
Deribit NEAR_USDC-PERPETUAL
Arcus NEAR-USD
Backpack NEAR_USDC_PERP
Kraken Futures PF_NEARUSD
Lighter RH NEAR
Hyperliquid NEAR
RISEx NEAR/USDC
Lighter NEAR
Aftermath Perps NEARUSD