Funding you earn now, next payment 03:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.029%
Price spread now: Phemex against gTrade (Gains Network)+0.148%7-day average +0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$308as in the Price arb table
costs, in and out, $10k−$3213.213% of the position
Funding, last 3 days (all we have)+0.096%+$10 on $10k
+Price spread, last 3 days (all we have)−0.160%−$16 · spread now +0.148%, 7d avg +0.011%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Phemex is 0.137% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.011%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) NEAR/USD | 4.3546 | L +0.0004% / S −0.0004% | pay 0.0001% / 1h | 49m 02s | $197K | — | 150x |
| Short | Phemex NEARUSDT | 4.3610 | 0.0100 | get 0.0100% / 8h | 5h 49m | $3.8M | $8.1M | 50x |
gTrade (Gains Network) NEAR/USD
Phemex NEARUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against gTrade (Gains Network). 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
- $20.11
- Price spread: +0.148% → +0.011%
- $13.71
- Slippage, 4 orders
- −$299.29
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$287.48
- Costs to cover
- 3.213%
- Break-even
- 107.1 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 15 min ago; Phemex: live order book, 5 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 gTrade (Gains Network) virtual book (oracle venue), 15 min ago | 130.01 bp | 135.0 bp −$135 | 875.9 bp −$8,759 | 9405.5 bp −$940.5K | doesn't fit |
| Sell Phemex live order book, 5 min ago | 4.57 bp | 24.4 bp −$24 | 61.1 bp −$611 | doesn't fit | doesn't fit |
NEAR on 44 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 | 4.3538 | −0.017% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0016% | 1h | 4.3541 | −0.011% | $2.2M | $14.1M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3622 | +0.176% | $108K | $70K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.3580 | +0.079% | $548K | $19.3M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USDlong | L +0.0004% / S −0.0004% | 1h | 4.3546 | long leg | $197K | — | 150x | |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −4.904% | $578 | $302K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3610 | +0.148% | $114K | $483K | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.3683 | +0.316% | $412K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.3717 | +0.394% | $265.4M | $1.07B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3720 | +0.400% | $221.0M | $416.6M | 75x | as long as short |
Reya NEARRUSDPERP
Coinbase International NEAR-PERP-INTX
dYdX NEAR-USD
Kalshi KXNEARPERP
Injective NEAR/USDC PERP
Popdex NEARUSDT
Pacifica NEAR
Binance NEARUSDT
Bybit NEARUSDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3690 | +0.332% | $62.2M | $288.7M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3657 | +0.256% | $249K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3615 | +0.159% | $31.4M | $61.8M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.3630 | +0.194% | $75.2M | $139.9M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3650 | +0.240% | $54.5M | $44.0M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3647 | +0.233% | $71.7M | $126.1M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.3650 | +0.240% | — | $6.6M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.3926 | +0.875% | $8.5M | $18.2M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3800 | +0.585% | $268K | $994K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3910 | +0.837% | $1.5M | $1.4M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3790 | +0.561% | $195K | $778K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3606 | +0.139% | $205K | $3.6M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.3559 | +0.031% | $60K | $190K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3710 | +0.378% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.3565 | +0.045% | $5K | $50K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.3640 | +0.217% | $456K | $3.8M | 75x | as long as short |
| Phemex NEARUSDTshort | +0.0100% | 8h | 4.3610 | +0.148% | $3.8M | $8.1M | 50x | |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.3644 | +0.225% | $32K | $608 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.3529 | −0.038% | $3.8M | $18.5M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.3575 | +0.068% | $203K | $34K | 3x | as long as short |
| Aster NEARUSDT | +0.0198% | 8h | 4.3607 | +0.140% | $3.0M | $5.5M | 50x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0232% | 1h | 4.3575 | +0.068% | $1.9M | $4.3M | 25x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0348% / S −0.0244% | 1h | 4.3550 | +0.011% | $255K | — | 100x | as long as short |
| 01 Exchange NEARUSD | +0.0400% | 1h | 4.3689 | +0.329% | $13K | $7K | 10x | as long as short |
| Arcus NEAR-USD | +0.0410% | 1h | 4.3700 | +0.355% | $208K | $1.7M | 10x | as long as short |
| Nado NEAR-PERP | +0.0423% | 1h | 4.3539 | −0.015% | $1.9M | $3.0M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0658% | 1h | 4.3688 | +0.327% | $1.4M | $6.4M | 20x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0707% | 1h | 4.3586 | +0.093% | $8.1M | $41.0M | 50x | as long as short |
| Lighter RH NEAR | +0.0752% | 1h | 4.3663 | +0.270% | $1.6M | $6.9M | 10x | as long as short |
| Hyperliquid NEAR | +0.0779% | 1h | 4.3759 | +0.490% | $368.5M | $304.6M | 10x | as long as short |
| Phoenix NEAR | +0.0855% | 1h | 4.3944 | +0.915% | $1.8M | $2.7M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0924% | 1h | 4.3677 | +0.302% | $551K | $1.3M | 10x | as long as short |
| Lighter NEAR | +0.1040% | 1h | 4.3658 | +0.259% | $17.4M | $25.6M | 15x | as long as short |
| Aftermath Perps NEARUSD | +0.1703% | 1h | 4.3758 | +0.489% | $6K | $12K | 10x | as long as short |
OKX NEAR-USDT-SWAP
Bulk NEAR-USD
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDC
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
HTX NEAR-USDT
Paradex NEAR-USD-PERP
Extended NEAR-USD
Aevo NEAR-PERP
Aster NEARUSDT
Deribit NEAR_USDC-PERPETUAL
GMX NEAR/USD [ETH-USDC]
01 Exchange NEARUSD
Arcus NEAR-USD
Nado NEAR-PERP
Backpack NEAR_USDC_PERP
Kraken Futures PF_NEARUSD
Lighter RH NEAR
Hyperliquid NEAR
Phoenix NEAR
RISEx NEAR/USDC
Lighter NEAR
Aftermath Perps NEARUSD