Funding you earn now, next payment 07:00 UTC+0.0271%/8h= +29.7% APRpaid last 24h +0.081%
Price spread now: Phemex against Reya+0.231%46s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Phemex is 0.231% dearer against Reya than usual: you sell high and buy low: +$23 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya NEARRUSDPERP | 4.4806 | −0.0171 | get 0.0021% / 1h | 48m 29s | $2K | — | 20x |
| Short | Phemex NEARUSDT | 4.4910 | 0.0100 | get 0.0100% / 8h | 1h 48m | $3.7M | $8.3M | 50x |
Reya NEARRUSDPERP
Phemex NEARUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Reya. 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
- $56.88
- Price spread: +0.231% → 0.000%
- $23.11
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- $61.99
- Costs to cover
- 0.180%
- Break-even
- from the start
Slippage unknown: Reya: no order-book sample; Phemex: live order book, 5 min ago. Net counts fees only.
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 Reya no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 5 min ago | 5.63 bp | 19.7 bp −$20 | 48.5 bp −$485 | doesn't fit | doesn't fit |
Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 NEARRUSDPERPlong | −0.0171% | 1h | 4.4806 | long leg | $2K | — | 20x | |
| dYdX NEAR-USD | 0.0000% | 1h | 4.4787 | −0.043% | $110K | $68K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.4919 | +0.252% | $169K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −7.580% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.4840 | +0.075% | $110K | $499K | 50x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.4860 | +0.120% | $230.7M | $428.4M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.4830 | +0.053% | $63.2M | $299.7M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.4366 | −0.983% | $253K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.4787 | −0.043% | $34.9M | $59.9M | 75x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.4850 | +0.097% | $53.5M | $45.9M | 75x | as long as short |
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Bulk NEAR-USD
Gate NEAR_USDT
KuCoin NEARUSDTMShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget NEARUSDT | +0.0100% | 8h | 4.4808 | +0.003% | $74.2M | $126.2M | 75x | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.4568 | −0.533% | $8.9M | $18.4M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.4503 | −0.677% | $260K | $964K | 20x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.4869 | +0.140% | $280K | $4.0M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.4949 | +0.318% | $59K | $233K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.4980 | +0.387% | $1K | $1.3M | 20x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.4990 | +0.410% | $470K | $3.9M | 75x | as long as short |
| Phemex NEARUSDTshort | +0.0100% | 8h | 4.4910 | +0.231% | $3.7M | $8.3M | 50x | |
| Paradex NEAR-USD-PERP | +0.0107% | 8h | 4.4829 | +0.049% | $32K | $585 | 10x | as long as short |
| Aevo NEAR-PERP | +0.0120% | 1h | 4.4925 | +0.265% | $209K | $40K | 3x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0122% | 8h | 4.4641 | −0.369% | $1.5M | $1.5M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0132% | 1h | 4.4470 | −0.751% | $168K | $803K | 50x | as long as short |
| BingX NEAR-USDC | +0.0165% | 8h | 4.4820 | +0.030% | — | $6.6M | — | as long as short |
| MEXC NEAR_USDT | +0.0175% | 8h | 4.4840 | +0.075% | $86.4M | $144.9M | 200x | as long as short |
| Binance NEARUSDT | +0.0181% | 8h | 4.4856 | +0.110% | $272.3M | $1.09B | 75x | as long as short |
| BloFin NEAR-USDT | +0.0296% | 8h | 4.4950 | +0.320% | $13.7M | $33.2M | 75x | as long as short |
| Kalshi KXNEARPERP | +0.0302% | 8h | 4.4837 | +0.068% | $1.1M | $24.9M | 2.2x | as long as short |
| SoDEX NEAR-USD | +0.0310% | 1h | 4.4945 | +0.309% | $5K | $52K | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0316% / S −0.0201% | 1h | 4.4901 | +0.210% | $240K | — | 100x | as long as short |
| Aster NEARUSDT | +0.0344% | 8h | 4.4836 | +0.067% | $2.9M | $5.0M | 50x | as long as short |
| Extended NEAR-USD | +0.0368% | 1h | 4.4783 | −0.052% | $3.7M | $19.0M | 25x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0424% | 1h | 4.4934 | +0.285% | $2.3M | $16.5M | 50x | as long as short |
| Nado NEAR-PERP | +0.0533% | 1h | 4.4465 | −0.762% | $1.7M | $3.2M | 10x | as long as short |
| 01 Exchange NEARUSD | +0.0544% | 1h | 4.4828 | +0.048% | $13K | $7K | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0626% | 1h | 4.4987 | +0.403% | $1.4M | $6.5M | 20x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0650% | 1h | 4.4898 | +0.205% | $7.4M | $38.7M | 50x | as long as short |
| Hyperliquid NEAR | +0.0717% | 1h | 4.4868 | +0.137% | $369.4M | $307.8M | 10x | as long as short |
| Arcus NEAR-USD | +0.0880% | 1h | 4.4890 | +0.186% | $228K | $1.6M | 10x | as long as short |
| Lighter NEAR | +0.0968% | 1h | 4.4897 | +0.201% | $17.6M | $24.7M | 15x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0997% | 1h | 4.4952 | +0.325% | $2.0M | $12.3M | 25x | as long as short |
| Phoenix NEAR | +0.1003% | 1h | 4.5001 | +0.434% | $1.9M | $2.5M | 10x | as long as short |
| Lighter RH NEAR | +0.1056% | 1h | 4.4886 | +0.178% | $1.5M | $6.6M | 10x | as long as short |
| Pacifica NEAR | +0.1187% | 1h | 4.4830 | +0.052% | $413K | $1.4M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1197% | 1h | 4.4609 | −0.440% | $6K | $12K | 10x | as long as short |
| RISEx NEAR/USDC | +0.1259% | 1h | 4.4862 | +0.124% | $682K | $1.4M | 10x | as long as short |
Bitget NEARUSDT
Variational Omni NEAR
edgeX NEARUSDC
Polymarket Perps NEAR-USD
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
HTX NEAR-USDT
Paradex NEAR-USD-PERP
Aevo NEAR-PERP
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
BingX NEAR-USDC
MEXC NEAR_USDT
Binance NEARUSDT
BloFin NEAR-USDT
Kalshi KXNEARPERP
SoDEX NEAR-USD
GMX NEAR/USD [ETH-USDC]
Aster NEARUSDT
Extended NEAR-USD
Coinbase International NEAR-PERP-INTX
Nado NEAR-PERP
01 Exchange NEARUSD
Backpack NEAR_USDC_PERP
Kraken Futures PF_NEARUSD
Hyperliquid NEAR
Arcus NEAR-USD
Lighter NEAR
Deribit NEAR_USDC-PERPETUAL
Phoenix NEAR
Lighter RH NEAR
Pacifica NEAR
Aftermath Perps NEARUSD
RISEx NEAR/USDC