Funding you earn now, next payment 03:00 UTC+0.0694%/8h= +76.0% APRpaid last 24h +0.156%
Price spread now: Phoenix against SunX+0.530%69s7-day average +0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$84as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1551.553% of the position
Funding, last 7 days+0.710%+$71 on $10k
+Price spread, last 4 days (all we have)−0.662%−$66 · spread now +0.530%, 7d avg +0.028%
=Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Phoenix is 0.502% dearer against SunX than usual: you sell high and buy low: +$50 more if the spread goes back to its 7-day average of +0.028%. The two prices were read 69 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 | SunX NEAR-USDT | 4.3750 | 0.0100 | pay 0.0100% / 8h | 3h 55m | $2K | $1.4M | 20x |
| Short | Phoenix NEAR | 4.3982 | 0.0794 | get 0.0099% / 1h | 55m 32s | $1.8M | $2.8M | 10x |
SunX NEAR-USDT
Phoenix NEARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against SunX. 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
- $145.71
- Price spread: +0.530% → +0.028%
- $50.21
- Slippage, 4 orders
- −$140.29
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $40.63
- Costs to cover
- 1.553%
- Break-even
- 5.0 days
Slippage from SunX: live order book, 9 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 SunX live order book, 9 min ago | 30.68 bp | 49.7 bp −$50 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 3 min ago | 0.91 bp | 11.7 bp −$12 | 34.4 bp −$344 | 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 | 4.3592 | −0.361% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3659 | −0.208% | $108K | $69K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.3605 | −0.331% | $659K | $22.6M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.3618 | −0.302% | $163K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −5.349% | $578 | $301K | 12x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0056% | 1h | 4.3673 | −0.176% | $2.3M | $15.8M | 50x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3770 | +0.046% | $108K | $502K | 50x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.3800 | +0.114% | $270.4M | $1.09B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3737 | −0.030% | $220.9M | $423.7M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3730 | −0.046% | $62.3M | $293.9M | 50x | as long as short |
Reya NEARRUSDPERP
dYdX NEAR-USD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Coinbase International NEAR-PERP-INTX
Popdex NEARUSDT
Binance NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAPShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bulk NEAR-USD | +0.0100% | 1h | 4.3879 | +0.294% | $250K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3743 | −0.016% | $31.9M | $60.3M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.3740 | −0.023% | $75.2M | $143.2M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3770 | +0.046% | $54.5M | $46.0M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3731 | −0.043% | $71.9M | $129.1M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.3750 | 0.000% | — | $146.4M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.3637 | −0.257% | $8.4M | $18.0M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3685 | −0.148% | $262K | $940K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3610 | −0.320% | $1.4M | $1.5M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3700 | −0.114% | $168K | $800K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3766 | +0.037% | $255K | $3.8M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.3674 | −0.174% | $56K | $244K | 20x | as long as short |
| SunX NEAR-USDTlong | +0.0100% | 8h | 4.3750 | long leg | $2K | $1.4M | 20x | |
| HTX NEAR-USDT | +0.0100% | 8h | 4.3740 | −0.023% | $455K | $4.0M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3680 | −0.160% | $3.8M | $8.4M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.3603 | −0.335% | $31K | $608 | 10x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.3613 | −0.313% | $203K | $40K | 3x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.3570 | −0.411% | $13.7M | $32.2M | 75x | as long as short |
| Pacifica NEAR | +0.0263% | 1h | 4.3657 | −0.213% | $415K | $1.2M | 10x | as long as short |
| Aster NEARUSDT | +0.0308% | 8h | 4.3626 | −0.283% | $2.9M | $5.5M | 50x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0319% / S −0.0191% | 1h | 4.3607 | −0.328% | $231K | — | 100x | as long as short |
| SoDEX NEAR-USD | +0.0392% | 1h | 4.3650 | −0.229% | $8K | $52K | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0460% | 1h | 4.3672 | −0.178% | $1.3M | $6.4M | 20x | as long as short |
| 01 Exchange NEARUSD | +0.0528% | 1h | 4.3803 | +0.121% | $13K | $7K | 10x | as long as short |
| Hyperliquid NEAR | +0.0580% | 1h | 4.3664 | −0.197% | $359.7M | $320.7M | 10x | as long as short |
| Extended NEAR-USD | +0.0608% | 1h | 4.3723 | −0.062% | $3.9M | $19.7M | 25x | as long as short |
| Arcus NEAR-USD | +0.0627% | 1h | 4.3790 | +0.091% | $215K | $1.6M | 10x | as long as short |
| Nado NEAR-PERP | +0.0659% | 1h | 4.3735 | −0.034% | $1.9M | $3.1M | 10x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0706% | 1h | 4.3655 | −0.216% | $7.8M | $39.8M | 50x | as long as short |
| Phoenix NEARshort | +0.0794% | 1h | 4.3982 | +0.530% | $1.8M | $2.8M | 10x | |
| Lighter RH NEAR | +0.0896% | 1h | 4.3674 | −0.174% | $1.5M | $7.1M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0988% | 1h | 4.3685 | −0.149% | $1.9M | $7.6M | 25x | as long as short |
| RISEx NEAR/USDC | +0.1162% | 1h | 4.3798 | +0.109% | $600K | $1.4M | 10x | as long as short |
| Lighter NEAR | +0.1448% | 1h | 4.3762 | +0.028% | $17.7M | $24.8M | 15x | as long as short |
| Aftermath Perps NEARUSD | +0.1634% | 1h | 4.3814 | +0.146% | $5K | $12K | 10x | as long as short |
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
HTX NEAR-USDT
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Aevo NEAR-PERP
BloFin NEAR-USDT
Pacifica NEAR
Aster NEARUSDT
GMX NEAR/USD [ETH-USDC]
SoDEX NEAR-USD
Backpack NEAR_USDC_PERP
01 Exchange NEARUSD
Hyperliquid NEAR
Extended NEAR-USD
Arcus NEAR-USD
Nado NEAR-PERP
Kraken Futures PF_NEARUSD
Lighter RH NEAR
Deribit NEAR_USDC-PERPETUAL
RISEx NEAR/USDC
Lighter NEAR
Aftermath Perps NEARUSD