NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0186%/8h= −20.4% APRnext payment −$0.23 per $10,000 · paid last 24h −0.150%

Price spread now: Pacifica against Phoenix+0.551%7-day average −0.182% · you sell dearer than you buy

Net, funding: paid 7d − costs−$112as in the Funding arb table

Net, price: spread back to 7d avg − costs+$30as in the Price arb table

costs, in and out, $10k−$430.432% of the position

Long on Phoenix Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.692%−$69 on $10k

Price spread, last 7 days−0.753%−$75 · spread now +0.551%, 7d avg −0.182%

Together, before fees−1.445%+ Points / potential airdropPacifica: Active · farm board−$144 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Pacifica is 0.733% dearer against Phoenix than usual: you sell high and buy low (spread +0.551% now, against its 7-day average of −0.182%): +$73 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 13 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix NEAR	4.3267	0.1033	pay 0.0129% / 1h	19m 32s	$1.8M	$2.5M	10x
Short	Pacifica NEAR	4.3505	0.0847	get 0.0106% / 1h	19m 32s	$399K	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.551%Rate

Funding earned: −$39.16
Price spread: +0.551% → −0.182%: $73.31
Slippage, 4 orders: −$28.24
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$9.08
Costs to cover: 0.432%
Break-even: from the start

Slippage from Phoenix: live order book, 4 min ago; Pacifica: 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	0.93 bp	12.3 bp −$12	51.3 bp −$513	doesn't fit	doesn't fit
Sell Pacifica live order book, 4 min ago	0.12 bp	13.8 bp −$14	doesn't fit	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	4.3445	+0.411%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3492	+0.520%	$107K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3389	+0.281%	$164K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.292%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3490	+0.515%	$114K	$497K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3454	+0.432%	$217.6M	$420.0M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3470	+0.469%	$61.2M	$288.5M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3050	−0.502%	$245K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3474	+0.478%	$33.0M	$60.2M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3520	+0.585%	$78.7M	$145.0M	200x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NEARUSDTM	+0.0100%	8h	4.3490	+0.515%	$52.5M	$45.9M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3458	+0.441%	$71.8M	$127.1M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3490	+0.515%	—	$143.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3197	−0.161%	$8.4M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3265	−0.005%	$261K	$956K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3062	−0.473%	$1.4M	$1.5M	10x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3495	+0.527%	$265K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3454	+0.432%	$57K	$243K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3510	+0.562%	$2K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3550	+0.654%	$469K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3460	+0.446%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3445	+0.412%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3456	+0.437%	$202K	$37K	3x	as long as short
Binance NEARUSDT	+0.0105%	8h	4.3510	+0.562%	$266.3M	$1.08B	75x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3270	+0.007%	$13.4M	$31.7M	75x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0256%	1h	4.3480	+0.492%	$2.3M	$16.2M	50x	as long as short
Kalshi KXNEARPERP	+0.0298%	8h	4.3399	+0.305%	$941K	$24.6M	2.2x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0312% / S −0.0201%	1h	4.3384	+0.269%	$232K	—	100x	as long as short
Aster NEARUSDT	+0.0335%	8h	4.3510	+0.562%	$2.8M	$5.3M	50x	as long as short
ApeX Omni NEARUSDT	+0.0346%	1h	4.3030	−0.548%	$165K	$795K	50x	as long as short
Nado NEAR-PERP	+0.0386%	1h	4.3491	+0.518%	$1.7M	$3.2M	10x	as long as short
Extended NEAR-USD	+0.0520%	1h	4.3475	+0.480%	$3.7M	$19.5M	25x	as long as short
SoDEX NEAR-USD	+0.0580%	1h	4.3425	+0.365%	$6K	$52K	10x	as long as short
Hyperliquid NEAR	+0.0664%	1h	4.3507	+0.555%	$356.4M	$309.5M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0685%	1h	4.3478	+0.488%	$1.3M	$6.6M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0728%	1h	4.3421	+0.355%	$7.4M	$38.9M	50x	as long as short
01 Exchange NEARUSD	+0.0744%	1h	4.3563	+0.684%	$13K	$7K	10x	as long as short
Arcus NEAR-USD	+0.0814%	1h	4.3520	+0.585%	$225K	$1.6M	10x	as long as short
Pacifica NEARshort	+0.0847%	1h	4.3505	+0.551%	$399K	$1.3M	10x
Lighter NEAR	+0.0928%	1h	4.3537	+0.624%	$17.0M	$25.1M	15x	as long as short
Phoenix NEARlong	+0.1033%	1h	4.3267	long leg	$1.8M	$2.5M	10x
Lighter RH NEAR	+0.1112%	1h	4.3527	+0.601%	$1.5M	$7.4M	10x	as long as short
RISEx NEAR/USDC	+0.1220%	1h	4.3518	+0.580%	$695K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1340%	1h	4.3060	−0.479%	$5K	$12K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1501%	1h	4.3475	+0.481%	$1.9M	$11.2M	25x	as long as short