Funding you earn now, next payment 10:00 UTC+0.0645%/8h= +70.7% APRnext payment +$0.81 per $10,000 · paid last 24h +0.173%
Price spread now: Phoenix against Popdex+0.068%7-day average +0.202% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$470.466% of the position
Funding, last 4 days (all we have)+0.525%+$53 on $10k
+Price spread, last 4 days (all we have)+1.115%+$111 · spread now +0.068%, 7d avg +0.202%
=Funding pays, the price is against you. Phoenix is 0.135% cheaper against Popdex than usual: you would sell low and buy high (spread +0.068% now, against its 7-day average of +0.202%). If the spread goes back, that is −$13 on $10k: about 17 hours of funding at the current rate (+$19 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Popdex NEARUSDT | 4.4420 | 0.0096 | pay 0.0012% / 1h | 28m 36s | $122K | $502K | 50x |
| Short | Phoenix NEAR | 4.4450 | 0.0741 | get 0.0093% / 1h | 28m 36s | $1.7M | $2.7M | 10x |
Popdex NEARUSDT
Phoenix NEARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Popdex. 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
- $135.5
- Price spread: +0.068% → +0.202%
- −$13.48
- Slippage, 4 orders
- −$33.23
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $75.39
- Costs to cover
- 0.466%
- Break-even
- 3.1 days
Slippage from Popdex: live order book, 18 min ago; Phoenix: live order book, 3 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 Popdex live order book, 18 min ago | 5.59 bp | 11.5 bp −$12 | 71.7 bp −$717 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 3 min ago | 0.90 bp | 11.8 bp −$12 | 31.0 bp −$310 | 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 | −0.0238% | 1h | 4.4348 | −0.162% | $7.3M | $36.9M | 50x | as long as short |
| Reya NEARRUSDPERP | −0.0171% | 1h | 4.4339 | −0.182% | $2K | — | 20x | as long as short |
| 01 Exchange NEARUSD | −0.0016% | 1h | 4.4421 | +0.002% | $13K | $4K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.4333 | −0.196% | $748K | $26.1M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.4476 | +0.127% | $167K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −6.776% | $578 | $301K | 12x | as long as short |
| dYdX NEAR-USD | +0.0039% | 1h | 4.4349 | −0.159% | $109K | $53K | 10x | as long as short |
| Lighter NEAR | +0.0096% | 1h | 4.4517 | +0.218% | $16.9M | $24.8M | 15x | as long as short |
| Popdex NEARUSDTlong | +0.0096% | 1h | 4.4420 | long leg | $122K | $502K | 50x | |
| Aster NEARUSDT | +0.0100% | 8h | 4.4481 | +0.138% | $2.6M | $4.8M | 50x | as long as short |
Kraken Futures PF_NEARUSD
Reya NEARRUSDPERP
01 Exchange NEARUSD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
dYdX NEAR-USD
Lighter NEAR
Aster NEARUSDTShow all 45 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance NEARUSDT | +0.0100% | 8h | 4.4451 | +0.070% | $267.3M | $1.08B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.4461 | +0.092% | $228.7M | $428.3M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.4460 | +0.090% | $63.5M | $297.0M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.4650 | +0.518% | $266K | $13K | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.4450 | +0.068% | $39.7M | $62.7M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.4460 | +0.090% | $72.0M | $169.6M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.4520 | +0.225% | $54.2M | $44.0M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.4442 | +0.050% | $74.2M | $127.1M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.4470 | +0.113% | — | $6.7M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.4475 | +0.123% | $8.7M | $16.2M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.4465 | +0.102% | $263K | $868K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.4462 | +0.095% | $1.5M | $1.8M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.4470 | +0.113% | $166K | $808K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.4399 | −0.047% | $207K | $4.1M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.4383 | −0.083% | $55K | $273K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.4470 | +0.113% | $1K | $1.3M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.4375 | −0.101% | $5K | $34K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.4420 | 0.000% | $465K | $3.6M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.4370 | −0.113% | $3.5M | $8.2M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.4459 | +0.089% | $32K | $389 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.4440 | +0.046% | $3.7M | $15.0M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.4370 | −0.113% | $206K | $38K | 3x | as long as short |
| Hyperliquid NEAR | +0.0117% | 1h | 4.4511 | +0.205% | $358.0M | $313.5M | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0191% / S −0.0034% | 1h | 4.4368 | −0.117% | $239K | — | 100x | as long as short |
| Lighter RH NEAR | +0.0200% | 1h | 4.4490 | +0.158% | $1.5M | $5.9M | 10x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.4380 | −0.090% | $12.7M | $32.4M | 75x | as long as short |
| Nado NEAR-PERP | +0.0271% | 1h | 4.4410 | −0.023% | $1.8M | $3.1M | 10x | as long as short |
| Arcus NEAR-USD | +0.0343% | 1h | 4.4480 | +0.135% | $224K | $1.4M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0489% | 1h | 4.4466 | +0.103% | $642K | $1.6M | 10x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0504% | 1h | 4.4385 | −0.079% | $2.3M | $17.4M | 50x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0535% | 1h | 4.4426 | +0.014% | $1.1M | $7.1M | 20x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0674% | 1h | 4.4408 | −0.027% | $1.9M | $13.0M | 25x | as long as short |
| Phoenix NEARshort | +0.0741% | 1h | 4.4450 | +0.068% | $1.7M | $2.7M | 10x | |
| Pacifica NEAR | +0.0851% | 1h | 4.4473 | +0.120% | $417K | $1.3M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.0932% | 1h | 4.4476 | +0.125% | $6K | $6K | 10x | as long as short |
Binance NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Bulk NEAR-USD
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDC
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
Hyperliquid NEAR
GMX NEAR/USD [ETH-USDC]
Lighter RH NEAR
BloFin NEAR-USDT
Nado NEAR-PERP
Arcus NEAR-USD
RISEx NEAR/USDC
Coinbase International NEAR-PERP-INTX
Backpack NEAR_USDC_PERP
Deribit NEAR_USDC-PERPETUAL
Pacifica NEAR
Aftermath Perps NEARUSD