Funding you earn now, next payment 07:00 UTC+0.0849%/8h= +93.0% APRpaid last 24h +0.164%
Price spread now: Phoenix against KuCoin+0.216%78s7-day average +0.189% · you sell dearer than you buy
Net, funding: paid 7d − costs+$17as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$610.608% of the position
Funding, last 7 days+0.779%+$78 on $10k
+Price spread, last 7 days−0.051%−$5 · spread now +0.216%, 7d avg +0.189%
=Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and Phoenix is 0.027% dearer against KuCoin than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.189%. The two prices were read 78 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 | KuCoin NEARUSDTM | 4.3140 | 0.0100 | pay 0.0100% / 8h | 32m 05s | $52.3M | $46.0M | 75x |
| Short | Phoenix NEAR | 4.3233 | 0.0949 | get 0.0119% / 1h | 32m 05s | $1.8M | $2.4M | 10x |
KuCoin NEARUSDTM
Phoenix NEARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against KuCoin. 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
- $178.32
- Price spread: +0.216% → +0.189%
- $2.7
- Slippage, 4 orders
- −$41.77
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $120.25
- Costs to cover
- 0.608%
- Break-even
- 2.3 days
Slippage from KuCoin: live order book, 7 min ago; Phoenix: live order book, 6 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 KuCoin live order book, 7 min ago | 2.31 bp | 17.8 bp −$18 | 26.8 bp −$268 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 6 min ago | 0.92 bp | 11.9 bp −$12 | 26.9 bp −$269 | 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 | 4.3079 | −0.141% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3133 | −0.017% | $106K | $68K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.3198 | +0.135% | $162K | — | 150x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0017% | 1h | 4.3081 | −0.136% | $7.1M | $38.3M | 50x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −4.010% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3120 | −0.046% | $110K | $496K | 50x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3150 | +0.023% | $217.9M | $430.0M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3160 | +0.046% | $60.7M | $291.4M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3160 | +0.046% | $246K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3108 | −0.074% | $35.2M | $62.4M | 75x | as long as short |
Reya NEARRUSDPERP
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Kraken Futures PF_NEARUSD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Bulk NEAR-USD
Gate NEAR_USDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin NEARUSDTMlong | +0.0100% | 8h | 4.3140 | long leg | $52.3M | $46.0M | 75x | |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3151 | +0.025% | $71.4M | $128.1M | 75x | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.3217 | +0.177% | $8.7M | $18.8M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3097 | −0.099% | $250K | $899K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3190 | +0.116% | $1.4M | $1.5M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3170 | +0.070% | $165K | $813K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3141 | +0.002% | $282K | $4.1M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.3123 | −0.039% | $57K | $235K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3200 | +0.139% | $1K | $1.3M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.3105 | −0.081% | $5K | $50K | 10x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3130 | −0.023% | $3.5M | $8.2M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.3123 | −0.038% | $31K | $585 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.3087 | −0.122% | $3.6M | $17.2M | 25x | as long as short |
| HTX NEAR-USDT | +0.0120% | 8h | 4.3240 | +0.232% | $461K | $3.8M | 75x | as long as short |
| Aevo NEAR-PERP | +0.0128% | 1h | 4.3125 | −0.035% | $201K | $38K | 3x | as long as short |
| Kalshi KXNEARPERP | +0.0180% | 8h | 4.3141 | +0.002% | $938K | $25.2M | 2.2x | as long as short |
| Aster NEARUSDT | +0.0185% | 8h | 4.3160 | +0.046% | $2.7M | $4.8M | 50x | as long as short |
| Binance NEARUSDT | +0.0188% | 8h | 4.3171 | +0.072% | $262.1M | $1.09B | 75x | as long as short |
| MEXC NEAR_USDT | +0.0189% | 8h | 4.3130 | −0.023% | $82.9M | $150.8M | 200x | as long as short |
| BingX NEAR-USDT | +0.0199% | 8h | 4.3150 | +0.023% | — | $145.1M | — | as long as short |
| Hyperliquid NEAR | +0.0203% | 1h | 4.3162 | +0.051% | $348.2M | $315.5M | 10x | as long as short |
| 01 Exchange NEARUSD | +0.0248% | 1h | 4.3140 | 0.000% | $13K | $7K | 10x | as long as short |
| BloFin NEAR-USDT | +0.0309% | 8h | 4.3250 | +0.255% | $13.3M | $31.8M | 75x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0316% / S −0.0204% | 1h | 4.3118 | −0.051% | $232K | — | 100x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0403% | 1h | 4.3177 | +0.086% | $1.1M | $7.0M | 20x | as long as short |
| Nado NEAR-PERP | +0.0442% | 1h | 4.3105 | −0.080% | $1.7M | $3.2M | 10x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0488% | 1h | 4.3140 | 0.000% | $2.3M | $16.8M | 50x | as long as short |
| Lighter RH NEAR | +0.0536% | 1h | 4.3162 | +0.051% | $1.5M | $6.6M | 10x | as long as short |
| Lighter NEAR | +0.0632% | 1h | 4.3164 | +0.055% | $17.0M | $25.1M | 15x | as long as short |
| Arcus NEAR-USD | +0.0638% | 1h | 4.3160 | +0.046% | $225K | $1.6M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0725% | 1h | 4.3135 | −0.012% | $1.9M | $13.2M | 25x | as long as short |
| Pacifica NEAR | +0.0949% | 1h | 4.3157 | +0.039% | $406K | $1.5M | 10x | as long as short |
| Phoenix NEARshort | +0.0949% | 1h | 4.3233 | +0.216% | $1.8M | $2.4M | 10x | |
| RISEx NEAR/USDC | +0.0965% | 1h | 4.3142 | +0.005% | $598K | $1.4M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1239% | 1h | 4.3187 | +0.109% | $5K | $7K | 10x | as long as short |
Bitget NEARUSDT
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
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Extended NEAR-USD
HTX NEAR-USDT
Aevo NEAR-PERP
Kalshi KXNEARPERP
Aster NEARUSDT
Binance NEARUSDT
MEXC NEAR_USDT
BingX NEAR-USDT
Hyperliquid NEAR
01 Exchange NEARUSD
BloFin NEAR-USDT
GMX NEAR/USD [ETH-USDC]
Backpack NEAR_USDC_PERP
Nado NEAR-PERP
Coinbase International NEAR-PERP-INTX
Lighter RH NEAR
Lighter NEAR
Arcus NEAR-USD
Deribit NEAR_USDC-PERPETUAL
Pacifica NEAR
RISEx NEAR/USDC
Aftermath Perps NEARUSD