NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0363%/8h= +39.8% APRnext payment +$0.45 per $10,000 · paid last 24h +0.158%

Price spread now: Phoenix against Polymarket Perps+0.733%7-day average +0.175% · you sell dearer than you buy

Net, funding: paid 7d − costs+$35as in the Funding arb table

Net, price: spread back to 7d avg − costs+$18as in the Price arb table

costs, in and out, $10k−$380.379% of the position

Long on Polymarket Perps Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.726%+$73 on $10k

Price spread, last 7 days−0.651%−$65 · spread now +0.733%, 7d avg +0.175%

Together, before fees+0.075%+$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Phoenix is 0.558% dearer against Polymarket Perps than usual: you sell high and buy low: +$56 more if the spread goes back to its 7-day average of +0.175%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps NEAR-USD	4.3102	0.0100	pay 0.0013% / 1h	49m 21s	$201K	$3.3M	10x
Short	Phoenix NEAR	4.3418	0.0463	get 0.0058% / 1h	49m 21s	$1.8M	$2.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Polymarket Perps. 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 Polymarket PerpsbpFee PhoenixbpOrdersPrice spread, now +0.733%Rate

Funding earned: $76.29
Price spread: +0.733% → +0.175%: $55.81
Slippage, 4 orders: −$22.95
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $94.15
Costs to cover: 0.379%
Break-even: from the start

Slippage from Polymarket Perps: live order book, 5 min ago; Phoenix: 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 Polymarket Perps live order book, 5 min ago	0.23 bp	6.8 bp −$7	8.7 bp −$87	doesn't fit	doesn't fit
Sell Phoenix live order book, 4 min ago	0.92 bp	11.8 bp −$12	25.8 bp −$258	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	4.3008	−0.218%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0072%	1h	4.2907	−0.452%	$2.2M	$13.1M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3082	−0.047%	$112K	$59K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2914	−0.436%	$394K	$18.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3013	−0.207%	$204K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.926%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3080	−0.051%	$109K	$496K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.2936	−0.385%	$220.9M	$421.4M	75x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3058	−0.103%	$31K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.3059	−0.101%	$3.1M	$5.5M	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica NEAR	+0.0100%	1h	4.3070	−0.074%	$405K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2983	−0.276%	$254.5M	$1.07B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2950	−0.353%	$61.3M	$286.8M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3070	−0.074%	$198K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3000	−0.237%	$245K	$2K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3034	−0.158%	$30.4M	$58.7M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3020	−0.190%	$79.7M	$140.0M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3060	−0.097%	$56.5M	$43.6M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3031	−0.165%	$71.5M	$126.1M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3000	−0.237%	—	$138.4M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3020	−0.191%	$8.0M	$17.9M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3021	−0.188%	$269K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2980	−0.283%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2990	−0.260%	$180K	$788K	50x	as long as short
Polymarket Perps NEAR-USDlong	+0.0100%	1h	4.3102	long leg	$201K	$3.3M	10x
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2977	−0.290%	$57K	$194K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2890	−0.492%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2850	−0.585%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2860	−0.561%	$3.9M	$8.2M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3032	−0.162%	$4.0M	$15.9M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2800	−0.700%	$206K	$62K	3x	as long as short
Kraken Futures PF_NEARUSD	+0.0118%	1h	4.2862	−0.557%	$7.5M	$36.8M	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2960	−0.329%	$13.0M	$30.8M	75x	as long as short
01 Exchange NEARUSD	+0.0224%	1h	4.3116	+0.032%	$13K	$7K	10x	as long as short
Lighter RH NEAR	+0.0312%	1h	4.3035	−0.155%	$1.5M	$7.0M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0376% / S −0.0313%	1h	4.3033	−0.160%	$276K	—	100x	as long as short
RISEx NEAR/USDC	+0.0404%	1h	4.3096	−0.015%	$415K	$1.2M	10x	as long as short
Phoenix NEARshort	+0.0463%	1h	4.3418	+0.733%	$1.8M	$2.7M	10x
Backpack NEAR_USDC_PERP	+0.0465%	1h	4.2906	−0.455%	$1.3M	$5.6M	20x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0474%	1h	4.2870	−0.538%	$1.9M	$2.3M	25x	as long as short
Nado NEAR-PERP	+0.0816%	1h	4.3038	−0.149%	$1.9M	$3.4M	10x	as long as short
HTX NEAR-USDT	+0.0890%	8h	4.2980	−0.283%	$459K	$3.7M	75x	as long as short
Aftermath Perps NEARUSD	+0.1190%	1h	4.3085	−0.040%	$5K	$11K	10x	as long as short
Hyperliquid NEAR	+0.1269%	1h	4.3101	−0.002%	$371.7M	$297.7M	10x	as long as short
Lighter NEAR	+0.2192%	1h	4.3185	+0.193%	$16.6M	$23.6M	15x	as long as short