Funding you earn now, next payment 21:00 UTC−0.0483%/8h= −52.9% APRpaid last 24h −0.161%
Price spread now: Orderly against Phoenix−0.305%7-day average −0.183% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.758%−$76 on $10k
+Price spread, last 3 days (all we have)+0.262%+$26 · spread now −0.305%, 7d avg −0.183%
=Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Orderly is 0.122% cheaper against Phoenix than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.183%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix NEAR | 4.1304 | 0.0582 | pay 0.0073% / 1h | 20m 39s | $1.7M | $2.8M | 10x |
| Short | Orderly PERP_NEAR_USDC | 4.1178 | 0.0100 | get 0.0100% / 8h | 2h 20m | $53K | $159K | 20x |
Phoenix NEAR
Orderly PERP_NEAR_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$101.36
- Price spread: −0.305% → −0.183%
- −$12.16
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$126.53
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 8 min ago; Orderly: no order-book sample. Net counts fees only.
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, 8 min ago | 0.96 bp | 12.4 bp −$12 | 51.5 bp −$515 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 4.1114 | −0.459% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0024% | 1h | 4.1220 | −0.203% | $2.1M | $12.6M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.1169 | −0.327% | $103K | $54K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.1188 | −0.281% | $411K | $19.0M | 2.2x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | 0.0000% | 1h | 4.1193 | −0.269% | $1.8M | $2.1M | 25x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.1165 | −0.336% | $204K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | +0.257% | $578 | $302K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.1160 | −0.349% | $108K | $489K | 50x | as long as short |
| Orderly PERP_NEAR_USDCshort | +0.0100% | 8h | 4.1178 | −0.305% | $53K | $159K | 20x | |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.1154 | −0.363% | $30K | $647 | 10x | as long as short |
Reya NEARRUSDPERP
Coinbase International NEAR-PERP-INTX
dYdX NEAR-USD
Kalshi KXNEARPERP
Deribit NEAR_USDC-PERPETUAL
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Paradex NEAR-USD-PERPShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster NEARUSDT | +0.0100% | 8h | 4.1173 | −0.317% | $2.9M | $5.9M | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.1160 | −0.349% | $364K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.1170 | −0.325% | $234.5M | $1.08B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.1140 | −0.397% | $209.3M | $428.3M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.1150 | −0.373% | $56.2M | $274.8M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.1200 | −0.252% | $235K | $6K | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.1154 | −0.363% | $29.3M | $58.2M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.1150 | −0.373% | $80.6M | $144.2M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.1170 | −0.324% | $55.6M | $45.1M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.1154 | −0.363% | $68.4M | $127.2M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.1150 | −0.373% | — | $136.6M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.1444 | +0.338% | $7.7M | $18.5M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.1292 | −0.029% | $235K | $1.2M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.1258 | −0.111% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.1290 | −0.034% | $181K | $791K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.1149 | −0.375% | $207K | $3.1M | 10x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.1170 | −0.324% | $1K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.1169 | −0.327% | $5K | $46K | 10x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.1190 | −0.276% | $3.8M | $8.4M | 50x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.1143 | −0.390% | $3.7M | $14.6M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.1165 | −0.338% | $199K | $65K | 3x | as long as short |
| Arcus NEAR-USD | +0.0118% | 1h | 4.1180 | −0.300% | $305K | $1.6M | 10x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0151% | 1h | 4.1168 | −0.330% | $7.0M | $36.5M | 50x | as long as short |
| 01 Exchange NEARUSD | +0.0200% | 1h | 4.1168 | −0.329% | $12K | $7K | 10x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.1120 | −0.445% | $12.3M | $33.5M | 75x | as long as short |
| Lighter RH NEAR | +0.0296% | 1h | 4.1209 | −0.230% | $1.4M | $7.2M | 10x | as long as short |
| Nado NEAR-PERP | +0.0365% | 1h | 4.1115 | −0.458% | $1.8M | $3.6M | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0371% / S −0.0317% | 1h | 4.1171 | −0.321% | $271K | — | 100x | as long as short |
| RISEx NEAR/USDC | +0.0569% | 1h | 4.1184 | −0.290% | $411K | $1.2M | 10x | as long as short |
| Phoenix NEARlong | +0.0582% | 1h | 4.1304 | long leg | $1.7M | $2.8M | 10x | |
| Backpack NEAR_USDC_PERP | +0.0766% | 1h | 4.1216 | −0.213% | $1.4M | $5.7M | 20x | as long as short |
| Lighter NEAR | +0.0816% | 1h | 4.1205 | −0.239% | $15.2M | $23.0M | 15x | as long as short |
| Hyperliquid NEAR | +0.0955% | 1h | 4.1211 | −0.225% | $345.9M | $299.6M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.0998% | 1h | 4.1347 | +0.103% | $5K | $11K | 10x | as long as short |
| HTX NEAR-USDT | +0.1099% | 8h | 4.1230 | −0.179% | $443K | $3.7M | 75x | as long as short |
Aster NEARUSDT
Pacifica NEAR
Binance NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Bulk NEAR-USD
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
SunX NEAR-USDT
SoDEX NEAR-USD
Phemex NEARUSDT
Extended NEAR-USD
Aevo NEAR-PERP
Arcus NEAR-USD
Kraken Futures PF_NEARUSD
01 Exchange NEARUSD
BloFin NEAR-USDT
Lighter RH NEAR
Nado NEAR-PERP
GMX NEAR/USD [ETH-USDC]
RISEx NEAR/USDC
Backpack NEAR_USDC_PERP
Lighter NEAR
Hyperliquid NEAR
Aftermath Perps NEARUSD
HTX NEAR-USDT