Funding you earn now, next payment 11:00 UTC−0.0637%/8h= −69.7% APRnext payment −$0.80 per $10,000 · paid last 24h −0.173%
Price spread now: Popdex against Phoenix−0.247%7-day average −0.196% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$470.466% of the position
Funding, last 4 days (all we have)−0.533%−$53 on $10k
+Price spread, last 4 days (all we have)−1.248%−$125 · spread now −0.247%, 7d avg −0.196%
=Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and Popdex is 0.051% cheaper against Phoenix than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.196%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix NEAR | 4.5001 | 0.0733 | pay 0.0092% / 1h | 48m 48s | $1.7M | $2.6M | 10x |
| Short | Popdex NEARUSDT | 4.4890 | 0.0096 | get 0.0012% / 1h | 48m 48s | $124K | $507K | 50x |
Phoenix NEAR
Popdex NEARUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Popdex 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
- −$133.69
- Price spread: −0.247% → −0.196%
- −$5.05
- Slippage, 4 orders
- −$33.15
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- −$185.29
- Costs to cover
- 0.466%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 3 min ago; Popdex: live order book, 58 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 | 0.89 bp | 12.3 bp −$12 | 51.3 bp −$513 | doesn't fit | doesn't fit |
| Sell Popdex live order book, 58 min ago | 5.59 bp | 11.0 bp −$11 | 40.6 bp −$406 | doesn't fit | doesn't fit |
NEAR on 45 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_NEARUSD | −0.0381% | 1h | 4.4775 | −0.503% | $7.3M | $37.1M | 50x | as long as short |
| Reya NEARRUSDPERP | −0.0171% | 1h | 4.4833 | −0.373% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.4884 | −0.260% | $110K | $53K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.4897 | −0.231% | $919K | $26.5M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.4746 | −0.566% | $168K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −7.980% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDTshort | +0.0096% | 1h | 4.4890 | −0.247% | $124K | $507K | 50x | |
| Aster NEARUSDT | +0.0100% | 8h | 4.4860 | −0.313% | $2.7M | $5.0M | 50x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.4869 | −0.293% | $271.0M | $1.08B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.4894 | −0.238% | $230.6M | $429.7M | 75x | as long as short |
Kraken Futures PF_NEARUSD
Reya NEARRUSDPERP
dYdX NEAR-USD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Aster NEARUSDT
Binance NEARUSDT
Bybit NEARUSDTShow all 45 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.4890 | −0.247% | $63.8M | $301.1M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.4850 | −0.336% | $276K | $24K | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.4840 | −0.358% | $41.1M | $61.7M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.4850 | −0.336% | $75.6M | $168.8M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.4850 | −0.336% | $54.0M | $44.1M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.4809 | −0.427% | $74.6M | $127.6M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.4850 | −0.336% | — | $74.6M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.4723 | −0.617% | $8.7M | $15.7M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.4769 | −0.517% | $265K | $864K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.4740 | −0.580% | $1.5M | $1.9M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.4770 | −0.513% | $167K | $810K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.4860 | −0.313% | $189K | $4.2M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.4776 | −0.500% | $55K | $273K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.4920 | −0.180% | $2K | $1.3M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.4798 | −0.451% | $5K | $34K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.4840 | −0.358% | $463K | $3.7M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.4820 | −0.402% | $3.4M | $8.3M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.4909 | −0.204% | $32K | $389 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.4815 | −0.414% | $3.7M | $15.0M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.4754 | −0.549% | $208K | $38K | 3x | as long as short |
| Lighter NEAR | +0.0168% | 1h | 4.4853 | −0.328% | $17.0M | $24.7M | 15x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0191% / S −0.0033% | 1h | 4.4772 | −0.510% | $241K | — | 100x | as long as short |
| Lighter RH NEAR | +0.0192% | 1h | 4.4871 | −0.289% | $1.6M | $5.7M | 10x | as long as short |
| Hyperliquid NEAR | +0.0213% | 1h | 4.4857 | −0.320% | $360.6M | $312.6M | 10x | as long as short |
| 01 Exchange NEARUSD | +0.0216% | 1h | 4.4869 | −0.293% | $13K | $4K | 10x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.4830 | −0.380% | $12.8M | $32.4M | 75x | as long as short |
| Arcus NEAR-USD | +0.0253% | 1h | 4.4880 | −0.269% | $226K | $1.4M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0478% | 1h | 4.4858 | −0.319% | $641K | $1.7M | 10x | as long as short |
| Nado NEAR-PERP | +0.0490% | 1h | 4.4780 | −0.491% | $1.8M | $3.1M | 10x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0544% | 1h | 4.4889 | −0.249% | $2.3M | $17.6M | 50x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0666% | 1h | 4.4797 | −0.453% | $1.9M | $13.0M | 25x | as long as short |
| Pacifica NEAR | +0.0687% | 1h | 4.4886 | −0.257% | $422K | $1.3M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0718% | 1h | 4.4853 | −0.329% | $1.1M | $7.2M | 20x | as long as short |
| Phoenix NEARlong | +0.0733% | 1h | 4.5001 | long leg | $1.7M | $2.6M | 10x | |
| Aftermath Perps NEARUSD | +0.0939% | 1h | 4.4883 | −0.263% | $6K | $6K | 10x | as long as short |
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
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
SoDEX NEAR-USD
HTX NEAR-USDT
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Extended NEAR-USD
Aevo NEAR-PERP
Lighter NEAR
GMX NEAR/USD [ETH-USDC]
Lighter RH NEAR
Hyperliquid NEAR
01 Exchange NEARUSD
BloFin NEAR-USDT
Arcus NEAR-USD
RISEx NEAR/USDC
Nado NEAR-PERP
Coinbase International NEAR-PERP-INTX
Deribit NEAR_USDC-PERPETUAL
Pacifica NEAR
Backpack NEAR_USDC_PERP
Aftermath Perps NEARUSD