Funding you earn now, next payment 03:00 UTC+0.0694%/8h= +76.0% APRpaid last 24h +0.167%
Price spread now: Phoenix against Variational Omni+0.229%54s7-day average +0.190% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.457%+$46 on $10k
+Price spread, last 7 days−0.004%$0 · spread now +0.229%, 7d avg +0.190%
=Together, before fees+0.452%+ Points / potential airdropVariational Omni: Active · farm board+$45 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Phoenix is 0.039% dearer against Variational Omni than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.190%. The two prices were read 54 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 | Variational Omni NEAR | 4.3907 | 0.0100 | pay 0.0100% / 8h | 3h 58m | $8.5M | $18.0M | — |
| Short | Phoenix NEAR | 4.4008 | 0.0794 | get 0.0099% / 1h | 58m 37s | $1.8M | $2.7M | 10x |
Variational Omni NEAR
Phoenix NEARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Variational Omni. 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: +0.229% → +0.190%
- $3.89
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $142.6
- Costs to cover
- 0.070%
- Break-even
- 0.1 days
Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Phoenix: 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 Variational Omni RFQ quote, 1 min ago | 3.85 bp | doesn't fit | 10.9 bp −$109 | 30.1 bp −$3,005 | doesn't fit |
| Sell Phoenix live order book, 5 min ago | 0.91 bp | 11.8 bp −$12 | 22.2 bp −$222 | 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 | 4.3888 | −0.044% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3837 | −0.160% | $108K | $69K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.3862 | −0.103% | $623K | $22.3M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.3877 | −0.069% | $164K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −5.688% | $578 | $301K | 12x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0056% | 1h | 4.3968 | +0.138% | $2.2M | $15.7M | 50x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3840 | −0.153% | $113K | $504K | 50x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.3860 | −0.108% | $270.7M | $1.09B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3787 | −0.274% | $220.9M | $422.6M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3800 | −0.244% | $62.7M | $293.7M | 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 | −0.065% | $250K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3863 | −0.101% | $31.9M | $60.2M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.3880 | −0.062% | $76.2M | $142.7M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3890 | −0.039% | $54.7M | $46.1M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3865 | −0.096% | $72.1M | $129.0M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.3850 | −0.131% | — | $146.0M | — | as long as short |
| Variational Omni NEARlong | +0.0100% | 8h | 4.3907 | long leg | $8.5M | $18.0M | — | |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3951 | +0.099% | $264K | $966K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3988 | +0.185% | $1.5M | $1.5M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3990 | +0.188% | $169K | $801K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3948 | +0.093% | $244K | $3.8M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.3895 | −0.028% | $57K | $244K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3990 | +0.188% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.3889 | −0.042% | $8K | $52K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.3980 | +0.166% | $455K | $4.0M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3930 | +0.052% | $3.8M | $8.3M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.3835 | −0.164% | $32K | $608 | 10x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.3950 | +0.096% | $204K | $40K | 3x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.3910 | +0.006% | $13.8M | $32.5M | 75x | as long as short |
| Pacifica NEAR | +0.0263% | 1h | 4.3879 | −0.064% | $417K | $1.2M | 10x | as long as short |
| Aster NEARUSDT | +0.0313% | 8h | 4.3850 | −0.131% | $2.9M | $5.5M | 50x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0320% / S −0.0191% | 1h | 4.3879 | −0.065% | $233K | — | 100x | as long as short |
| Nado NEAR-PERP | +0.0385% | 1h | 4.3903 | −0.009% | $1.9M | $3.1M | 10x | as long as short |
| Extended NEAR-USD | +0.0576% | 1h | 4.3866 | −0.094% | $3.9M | $19.6M | 25x | as long as short |
| 01 Exchange NEARUSD | +0.0576% | 1h | 4.3899 | −0.019% | $13K | $7K | 10x | as long as short |
| Arcus NEAR-USD | +0.0627% | 1h | 4.3890 | −0.039% | $216K | $1.7M | 10x | as long as short |
| Hyperliquid NEAR | +0.0628% | 1h | 4.3886 | −0.049% | $361.6M | $320.2M | 10x | as long as short |
| Lighter RH NEAR | +0.0672% | 1h | 4.3925 | +0.040% | $1.6M | $7.0M | 10x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0702% | 1h | 4.3879 | −0.065% | $7.9M | $39.8M | 50x | as long as short |
| Phoenix NEARshort | +0.0794% | 1h | 4.4008 | +0.229% | $1.8M | $2.7M | 10x | |
| Backpack NEAR_USDC_PERP | +0.0806% | 1h | 4.3921 | +0.031% | $1.4M | $6.4M | 20x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0980% | 1h | 4.3945 | +0.086% | $2.0M | $7.3M | 25x | as long as short |
| RISEx NEAR/USDC | +0.1162% | 1h | 4.3890 | −0.039% | $603K | $1.4M | 10x | as long as short |
| Lighter NEAR | +0.1368% | 1h | 4.3941 | +0.077% | $17.7M | $24.8M | 15x | as long as short |
| Aftermath Perps NEARUSD | +0.1603% | 1h | 4.3969 | +0.140% | $5K | $12K | 10x | as long as short |
Bulk NEAR-USD
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDT
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
Aevo NEAR-PERP
BloFin NEAR-USDT
Pacifica NEAR
Aster NEARUSDT
GMX NEAR/USD [ETH-USDC]
Nado NEAR-PERP
Extended NEAR-USD
01 Exchange NEARUSD
Arcus NEAR-USD
Hyperliquid NEAR
Lighter RH NEAR
Kraken Futures PF_NEARUSD
Backpack NEAR_USDC_PERP
Deribit NEAR_USDC-PERPETUAL
RISEx NEAR/USDC
Lighter NEAR
Aftermath Perps NEARUSD