NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0070%/8h= +7.6% APRnext payment +$0.09 per $10,000 · paid last 24h −0.019%

Price spread now: RISEx against Phoenix−2.003%7-day average −0.164% · 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−$217as in the Price arb table

costs, in and out, $10k−$330.334% of the position

Long on Phoenix Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.052%−$5 on $10k

Price spread, last 7 days+1.894%+$189 · spread now −2.003%, 7d avg −0.164%

Together, before fees+1.842%+$184 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 1.839% cheaper against Phoenix than usual: you would sell low and buy high (spread −2.003% now, against its 7-day average of −0.164%). If the spread goes back, that is −$184 on $10k: about 3 months of funding at the current rate (+$2 a day). Mind the row above: over the last 4 days funding on this pair cost −0.052%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix NEAR	4.5453	0.0855	pay 0.0107% / 1h	5m 04s	$1.9M	$2.7M	10x
Short	RISEx NEAR/USDC	4.4543	0.0924	get 0.0116% / 1h	5m 04s	$570K	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −2.003%Rate

Funding earned: $14.65
Price spread: −2.003% → −0.164%: −$183.89
Slippage, 4 orders: −$20.44
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$202.68
Costs to cover: 0.334%
Break-even: 103.9 days

Slippage from Phoenix: live order book, 3 min ago; RISEx: 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, 3 min ago	1.10 bp	12.3 bp −$12	51.1 bp −$511	doesn't fit	doesn't fit
Sell RISEx live order book, 4 min ago	1.67 bp	4.7 bp −$5	13.6 bp −$136	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	4.4413	−2.288%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.4462	−2.180%	$2.2M	$15.4M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4480	−2.141%	$110K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4580	−1.921%	$584K	$21.8M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4439	−2.231%	$166K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−8.895%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4500	−2.097%	$113K	$513K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4503	−2.090%	$425K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4520	−2.053%	$273.2M	$1.12B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4490	−2.119%	$223.0M	$428.9M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4470	−2.163%	$63.6M	$304.4M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.5467	+0.030%	$259K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4457	−2.191%	$32.3M	$65.3M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4480	−2.141%	$75.5M	$150.0M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4500	−2.097%	$55.1M	$46.1M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4492	−2.114%	$73.3M	$131.0M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.4480	−2.141%	—	$147.0M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4486	−2.127%	$8.6M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4994	−1.009%	$270K	$977K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.5311	−0.312%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.5320	−0.293%	$174K	$797K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4499	−2.099%	$257K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4448	−2.211%	$57K	$237K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4530	−2.031%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4425	−2.262%	$8K	$53K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4490	−2.119%	$461K	$4.1M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4500	−2.097%	$3.8M	$8.4M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.4433	−2.243%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4465	−2.174%	$207K	$40K	3x	as long as short
Extended NEAR-USD	+0.0200%	1h	4.4460	−2.184%	$4.0M	$19.4M	25x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4500	−2.097%	$14.0M	$33.4M	75x	as long as short
Aster NEARUSDT	+0.0284%	8h	4.4437	−2.235%	$3.1M	$5.5M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0352% / S −0.0235%	1h	4.4423	−2.265%	$266K	—	100x	as long as short
01 Exchange NEARUSD	+0.0384%	1h	4.4512	−2.070%	$13K	$7K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0403%	1h	4.4459	−2.187%	$1.9M	$4.5M	25x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.4560	−1.965%	$215K	$1.8M	10x	as long as short
Nado NEAR-PERP	+0.0480%	1h	4.4450	−2.207%	$1.9M	$3.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0536%	1h	4.4509	−2.077%	$1.4M	$6.7M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0693%	1h	4.4463	−2.178%	$8.2M	$41.3M	50x	as long as short
Lighter RH NEAR	+0.0696%	1h	4.4505	−2.086%	$1.6M	$7.2M	10x	as long as short
Hyperliquid NEAR	+0.0768%	1h	4.4525	−2.042%	$370.1M	$325.6M	10x	as long as short
Phoenix NEARlong	+0.0855%	1h	4.5453	long leg	$1.9M	$2.7M	10x
RISEx NEAR/USDCshort	+0.0924%	1h	4.4543	−2.003%	$570K	$1.4M	10x
Lighter NEAR	+0.1120%	1h	4.4525	−2.043%	$17.9M	$27.1M	15x	as long as short
Aftermath Perps NEARUSD	+0.1651%	1h	4.5085	−0.810%	$6K	$12K	10x	as long as short