Funding you earn now, next payment 23:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h +0.006%
Price spread now: Phemex against 01 Exchange−0.133%7-day average — · you buy dearer than you sell
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
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Phemex is 0.133% cheaper against 01 Exchange than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | 01 Exchange NEARUSD | 4.2136 | 0.0120 | pay 0.0015% / 1h | 20m 05s | $12K | $7K | 10x |
| Short | Phemex NEARUSDT | 4.2080 | 0.0100 | get 0.0100% / 8h | 1h 20m | $3.9M | $8.2M | 50x |
01 Exchange NEARUSD
Phemex NEARUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against 01 Exchange. 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
- −$4.2
- Price spread: −0.133% → 0.000%
- −$13.29
- Slippage, 4 orders
- no order book: not counted
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$36.49
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: 01 Exchange: no order-book sample; Phemex: live order book, 4 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 01 Exchange no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 4 min ago | 1.19 bp | 13.5 bp −$13 | 35.5 bp −$355 | doesn't fit | doesn't fit |
01 Exchange: 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 NEARRUSDPERP | −0.0171% | 1h | 4.2083 | −0.126% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0032% | 1h | 4.2100 | −0.085% | $2.2M | $12.8M | 50x | as long as short |
| Injective NEAR/USDC PERP | −0.0002% | 1h | 4.1410 | −1.723% | $578 | $302K | 12x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.2089 | −0.113% | $109K | $58K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.2053 | −0.197% | $431K | $18.5M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.2112 | −0.057% | $208K | — | 150x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0048% | 1h | 4.2139 | +0.006% | $7.7M | $36.6M | 50x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.2090 | −0.109% | $112K | $483K | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.2105 | −0.075% | $30K | $647 | 10x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.2140 | +0.009% | $3.0M | $5.7M | 50x | as long as short |
Reya NEARRUSDPERP
Coinbase International NEAR-PERP-INTX
Injective NEAR/USDC PERP
dYdX NEAR-USD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
Kraken Futures PF_NEARUSD
Popdex NEARUSDT
Paradex NEAR-USD-PERP
Aster NEARUSDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica NEAR | +0.0100% | 1h | 4.2091 | −0.106% | $364K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.2140 | +0.009% | $241.6M | $1.07B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.2120 | −0.038% | $214.9M | $422.5M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.2100 | −0.085% | $58.3M | $278.7M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.2100 | −0.085% | $227K | $1.7M | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.2114 | −0.052% | $30.3M | $57.7M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.2110 | −0.062% | $83.7M | $142.5M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.2140 | +0.009% | $55.5M | $44.3M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.2080 | −0.133% | $69.7M | $125.3M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.2090 | −0.109% | — | $136.9M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.1950 | −0.442% | $7.8M | $18.3M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.1795 | −0.810% | $238K | $1.2M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.1819 | −0.752% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.1820 | −0.750% | $175K | $794K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.2122 | −0.033% | $204K | $3.2M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.2085 | −0.121% | $54K | $165K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.2150 | +0.033% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.2110 | −0.062% | $5K | $46K | 10x | as long as short |
| Phemex NEARUSDTshort | +0.0100% | 8h | 4.2080 | −0.133% | $3.9M | $8.2M | 50x | |
| Bulk NEAR-USD | +0.0100% | 1h | 4.2042 | −0.223% | $240K | $2K | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.2081 | −0.131% | $3.9M | $14.7M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.2096 | −0.094% | $203K | $62K | 3x | as long as short |
| 01 Exchange NEARUSDlong | +0.0120% | 1h | 4.2136 | long leg | $12K | $7K | 10x | |
| Lighter RH NEAR | +0.0128% | 1h | 4.2166 | +0.071% | $1.5M | $7.0M | 10x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.2040 | −0.228% | $12.4M | $31.4M | 75x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0320% | 1h | 4.2133 | −0.007% | $1.9M | $2.2M | 25x | as long as short |
| RISEx NEAR/USDC | +0.0364% | 1h | 4.2133 | −0.007% | $413K | $1.2M | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0382% / S −0.0327% | 1h | 4.2110 | −0.063% | $283K | — | 100x | as long as short |
| Hyperliquid NEAR | +0.0400% | 1h | 4.2177 | +0.097% | $356.1M | $292.6M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0493% | 1h | 4.2161 | +0.059% | $1.2M | $5.7M | 20x | as long as short |
| Nado NEAR-PERP | +0.0509% | 1h | 4.2105 | −0.074% | $1.9M | $3.5M | 10x | as long as short |
| Phoenix NEAR | +0.0542% | 1h | 4.2035 | −0.240% | $1.7M | $2.7M | 10x | as long as short |
| Lighter NEAR | +0.0792% | 1h | 4.2208 | +0.171% | $16.1M | $23.3M | 15x | as long as short |
| HTX NEAR-USDT | +0.0955% | 8h | 4.2220 | +0.199% | $452K | $3.6M | 75x | as long as short |
| Aftermath Perps NEARUSD | +0.0959% | 1h | 4.1923 | −0.505% | $5K | $11K | 10x | as long as short |
Pacifica NEAR
Binance NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Arcus 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
SunX NEAR-USDT
SoDEX NEAR-USD
Bulk NEAR-USD
Extended NEAR-USD
Aevo NEAR-PERP
Lighter RH NEAR
BloFin NEAR-USDT
Deribit NEAR_USDC-PERPETUAL
RISEx NEAR/USDC
GMX NEAR/USD [ETH-USDC]
Hyperliquid NEAR
Backpack NEAR_USDC_PERP
Nado NEAR-PERP
Phoenix NEAR
Lighter NEAR
HTX NEAR-USDT
Aftermath Perps NEARUSD