NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0495%/8h= +54.2% APRnext payment +$0.62 per $10,000 · paid last 24h +0.184%

Price spread now: Phoenix against gTrade (Gains Network)−1.025%63s7-day average +0.180% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2972.968% of the position

Long on gTrade (Gains Network)Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.494%+$49 on $10k

Price spread, last 3 days (all we have)+1.190%+$119 · spread now −1.025%, 7d avg +0.180%

Together, before fees+1.683%+$168 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phoenix is 1.205% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −1.025% now, against its 7-day average of +0.180%). If the spread goes back, that is −$121 on $10k: about 8.1 days of funding at the current rate (+$15 a day). The two prices were read 63 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	gTrade (Gains Network) NEAR/USD	4.3111	L +0.0004% / S −0.0004%	pay 0.0001% / 1h	23m 47s	$205K	—	150x
Short	Phoenix NEAR	4.2669	0.0499	get 0.0062% / 1h	23m 47s	$1.8M	$2.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 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 gTrade (Gains Network)bpFee PhoenixbpOrdersPrice spread, now −1.025%Rate

Funding earned: $103.97
Price spread: −1.025% → +0.180%: −$120.54
Slippage, 4 orders: −$279.82
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$313.39
Costs to cover: 2.968%
Break-even: 28.1 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 50 min ago; Phoenix: 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), 50 min ago	130.01 bp	135.0 bp −$135	875.9 bp −$8,759	9405.5 bp −$940.5K	doesn't fit
Sell Phoenix live order book, 5 min ago	0.93 bp	11.8 bp −$12	26.1 bp −$261	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	4.3088	−0.053%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0132%	1h	4.2722	−0.902%	$7.2M	$37.3M	50x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.2779	−0.770%	$2.2M	$12.9M	50x	as long as short
Phemex NEARUSDT	−0.0055%	8h	4.2770	−0.791%	$3.8M	$8.5M	50x	as long as short
01 Exchange NEARUSD	−0.0016%	1h	4.3065	−0.106%	$13K	$7K	10x	as long as short
Variational Omni NEAR	−0.0004%	8h	4.2668	−1.027%	$7.9M	$18.8M	—	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3099	−0.028%	$112K	$64K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3006	−0.243%	$339K	$19.1M	2.2x	as long as short
gTrade (Gains Network) NEAR/USDlong	L +0.0004% / S −0.0004%	1h	4.3111	long leg	$205K	—	150x
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.945%	$578	$302K	12x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit NEARUSDT	+0.0048%	8h	4.2870	−0.559%	$217.4M	$417.5M	75x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0077%	1h	4.2882	−0.531%	$1.9M	$3.5M	25x	as long as short
Gate NEAR_USDT	+0.0095%	8h	4.2817	−0.682%	$30.8M	$59.9M	75x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3070	−0.095%	$114K	$482K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0098%	8h	4.2848	−0.610%	$57K	$191K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0099%	8h	4.3084	−0.062%	$31K	$608	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2943	−0.389%	$3.0M	$5.8M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3084	−0.064%	$398K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2848	−0.609%	$255.4M	$1.06B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2880	−0.536%	$60.5M	$279.5M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3080	−0.072%	$197K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2789	−0.746%	$244K	−$0	10x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2810	−0.698%	$76.4M	$140.7M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2860	−0.582%	$55.9M	$42.9M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2895	−0.501%	$71.0M	$124.7M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.2800	−0.721%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2780	−0.768%	$255K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2745	−0.848%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2800	−0.721%	$179K	$782K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3097	−0.032%	$202K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3200	+0.207%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2760	−0.814%	$5K	$52K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.2850	−0.605%	$454K	$3.7M	75x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2812	−0.693%	$3.8M	$17.3M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2804	−0.713%	$199K	$28K	3x	as long as short
Hyperliquid NEAR	+0.0163%	1h	4.2958	−0.355%	$360.7M	$301.0M	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3080	−0.072%	$12.9M	$28.3M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0373% / S −0.0306%	1h	4.3113	+0.006%	$274K	—	100x	as long as short
Lighter RH NEAR	+0.0392%	1h	4.2787	−0.751%	$1.6M	$6.9M	10x	as long as short
RISEx NEAR/USDC	+0.0428%	1h	4.3086	−0.058%	$408K	$1.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0445%	1h	4.2935	−0.408%	$1.3M	$5.9M	20x	as long as short
Nado NEAR-PERP	+0.0464%	1h	4.3085	−0.060%	$1.9M	$3.2M	10x	as long as short
Phoenix NEARshort	+0.0499%	1h	4.2669	−1.025%	$1.8M	$2.7M	10x
Aftermath Perps NEARUSD	+0.1334%	1h	4.2876	−0.545%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1888%	1h	4.2839	−0.632%	$17.1M	$24.5M	15x	as long as short