Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 5.3852 | −0.0239 | get 0.0030% / 1h | 49m 23s | $2.0M | $4.7M | 10x | Long Phoenix | |
| SHORT | 5.3690 | 0 | 0.0000% / 43m | 29m 23s | $1K | $145K | 3x | Short Perpl |
Price gap−0.301%
Funding gap+0.0239% /8h
Funding pays +$7 a day on $10k, but the gap is 0.221% under its 7d average: −$22 if it goes back, about 3.1 days of funding. At the last 7 days' pace that is about 3 months.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding$0+0.0239% /8h now · paid +0.002% over the last 17 hours (all we have)
Price−$22spread −0.301% now, avg −0.080% → −0.221% if it goes back
Costsno datano order book for Perpl
Result, before costs−$22−0.22%+ Points / potential airdropPerpl: points · farm boardcosts unknown: no order book for Perpl · What the last 7D really paid, hour by hour → backtest
The current funding rate is far above what this pair has been paying: over the last 17 hours it paid +0.002% in total, about +0.0008%/8h on average.
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.301%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hNEAR on 46 exchanges
lowest funding firstBefore you open
2 ok · 3 to watch- Note: Order book unknown—No order-book sample for Perpl: its slippage is not counted.
- Note: Margin at max leverage$1,000 + $3,333Phoenix 10x, Perpl 3x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 43mPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$7.17Long Phoenix: 24 payments, +$7.17; short Perpl: 33 payments, $0.00.
- Watch: Gap narrower than usual−0.301% vs −0.080%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$1K vs $2.0M OIPerpl sets your exit cost. Check its book before closing.
- OK: Points on a legPerpl pointsVolume here counts toward the points program.
- OK: No KYC on either legPhoenix No · Perpl NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0008%/8h × 21 periods+$1.69
Price spread−0.301% → −0.080% (7d avg)−$22.05
Slippage, 4 ordersno data for Perpl—
Fee Phoenix bp × 2 orders−$7.00
Fee Perpl bp × 2 orders−$6.90
Net, fees only · 7 days · $10k−$34.27
Costs to cover0.139%Break-even149.2 days
Slippage: Phoenix: live order book, 6 min ago; Perpl: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGPhoenix2.0414.1 bp−$1417.4 bp−$17499.7 bp−$9,967doesn’t fit
SELL · SHORTPerpl—————
Closing costs about the same again.
Perpl: no data.
| 09-30 18:57 | OKX | Other | Another X Drops Club just dropped in Europe. Trade the featured tokens like SOL, ZEC, NEAR, ENA, SUI, ONDO, CT, HBAR, AVAX, and XLM for a share of 1.5M , with CT trades boosted 3×. Make this round count. @okx on X ↗ |
| 09-30 17:06 | Perpl | Listing | new market NEAR ($NEAR) seen by our collector |
| 09-30 16:28 | Perpl | Listing | You can now trade $NEAR with up to 3x leverage @perpltrade on X ↗ |
| 09-30 02:45 | MEXC | Other | Not NEAR anymore. It’s here. 👀 $NRR is officially trading on NYSE Arca. Continuation or sell the news? 🤔 @MEXC on X ↗ |
| 09-30 01:05 | Reya | Listing | NEARRUSDPERP no longer reported ($NEAR) seen by our collector |
| 09-29 11:00 | Bulk | Listing | NEAR-USD no longer reported ($NEAR) seen by our collector |

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