NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0694%/8h= +76.0% APRnext payment +$0.87 per $10,000 · paid last 24h +0.156%

Price spread now: Phoenix against ApeX Omni+0.426%7-day average +0.092% · you sell dearer than you buy

Net, funding: paid 7d − costs+$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$560.563% of the position

Long on ApeX Omni Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.711%+$71 on $10k

Price spread, last 4 days (all we have)−1.037%−$104 · spread now +0.426%, 7d avg +0.092%

Together, before fees−0.326%−$33 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 0.334% dearer against ApeX Omni than usual: you sell high and buy low: +$33 more if the spread goes back to its 7-day average of +0.092%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni NEARUSDT	4.4150	0.0100	pay 0.0013% / 1h	35m 58s	$170K	$792K	50x
Short	Phoenix NEAR	4.4338	0.0794	get 0.0099% / 1h	35m 58s	$1.8M	$2.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against ApeX Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ApeX OmnibpFee PhoenixbpOrdersPrice spread, now +0.426%Rate

Funding earned: $145.71
Price spread: +0.426% → +0.092%: $33.43
Slippage, 4 orders: −$39.27
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $122.87
Costs to cover: 0.563%
Break-even: 1.1 days

Slippage from ApeX Omni: live order book, 23 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 ApeX Omni live order book, 23 min ago	7.82 bp	15.5 bp −$16	93.3 bp −$933	doesn't fit	doesn't fit
Sell Phoenix live order book, 3 min ago	0.90 bp	11.9 bp −$12	20.8 bp −$208	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	4.3944	−0.467%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0008%	1h	4.4100	−0.113%	$2.2M	$15.3M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4070	−0.181%	$109K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4100	−0.113%	$606K	$22.0M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3993	−0.356%	$164K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.206%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3990	−0.362%	$116K	$514K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4074	−0.173%	$421K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4056	−0.213%	$269.4M	$1.11B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4003	−0.333%	$221.3M	$424.8M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4020	−0.294%	$62.5M	$299.1M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4550	+0.906%	$254K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4053	−0.220%	$31.9M	$63.4M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4090	−0.136%	$74.8M	$148.6M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4080	−0.159%	$54.8M	$46.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4017	−0.301%	$72.3M	$130.2M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.4070	−0.181%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3977	−0.391%	$8.5M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4195	+0.102%	$265K	$977K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4605	+1.031%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDTlong	+0.0100%	1h	4.4150	long leg	$170K	$792K	50x
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4038	−0.254%	$236K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4073	−0.174%	$56K	$217K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4200	+0.113%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4085	−0.147%	$8K	$53K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4180	+0.068%	$457K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4090	−0.136%	$3.8M	$8.4M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4027	−0.279%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4096	−0.121%	$205K	$40K	3x	as long as short
Hyperliquid NEAR	+0.0151%	1h	4.4104	−0.104%	$363.7M	$324.9M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0202%	1h	4.4106	−0.100%	$1.3M	$6.6M	20x	as long as short
Extended NEAR-USD	+0.0208%	1h	4.4057	−0.211%	$4.0M	$19.6M	25x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4000	−0.340%	$13.8M	$32.7M	75x	as long as short
01 Exchange NEARUSD	+0.0240%	1h	4.4060	−0.204%	$13K	$7K	10x	as long as short
Aster NEARUSDT	+0.0286%	8h	4.4068	−0.186%	$3.0M	$5.6M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0329% / S −0.0206%	1h	4.3985	−0.374%	$239K	—	100x	as long as short
Lighter RH NEAR	+0.0448%	1h	4.4140	−0.023%	$1.5M	$7.2M	10x	as long as short
Nado NEAR-PERP	+0.0565%	1h	4.3950	−0.453%	$1.9M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0581%	1h	4.4110	−0.091%	$221K	$1.8M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0589%	1h	4.4111	−0.089%	$8.1M	$39.9M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0658%	1h	4.4114	−0.082%	$1.9M	$6.8M	25x	as long as short
Phoenix NEARshort	+0.0794%	1h	4.4338	+0.426%	$1.8M	$2.8M	10x
Lighter NEAR	+0.0888%	1h	4.4160	+0.022%	$17.8M	$26.3M	15x	as long as short
RISEx NEAR/USDC	+0.0926%	1h	4.4083	−0.151%	$560K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1568%	1h	4.4307	+0.355%	$6K	$12K	10x	as long as short