NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0678%/8h= +74.2% APRnext payment +$0.85 per $10,000 · paid last 24h +0.151%

Price spread now: Phoenix against Pacifica−0.490%107s7-day average +0.182% · you buy dearer than you sell

Net, funding: paid 7d − costs+$6as 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−$620.621% of the position

Long on Pacifica Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.685%+$68 on $10k

Price spread, last 7 days+0.685%+$69 · spread now −0.490%, 7d avg +0.182%

Together, before fees+1.370%+ Points / potential airdropPacifica: Active · farm board+$137 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phoenix is 0.671% cheaper against Pacifica than usual: you would sell low and buy high (spread −0.490% now, against its 7-day average of +0.182%). If the spread goes back, that is −$67 on $10k: about 3.3 days of funding at the current rate (+$20 a day). At the pace of the last 7 days (+0.685% in total) that is about 6.9 days. The two prices were read 107 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	Pacifica NEAR	4.3503	0.0263	pay 0.0033% / 1h	19m 29s	$402K	$1.3M	10x
Short	Phoenix NEAR	4.3290	0.0941	get 0.0118% / 1h	19m 29s	$1.8M	$2.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Pacifica. 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 PacificabpFee PhoenixbpOrdersPrice spread, now −0.490%Rate

Funding earned: $142.29
Price spread: −0.490% → +0.182%: −$67.12
Slippage, 4 orders: −$47.14
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $13.04
Costs to cover: 0.621%
Break-even: 6.4 days

Slippage from Pacifica: live order book, 4 min ago; Phoenix: live order book, 4 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 Pacifica live order book, 4 min ago	5.76 bp	12.5 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell Phoenix live order book, 4 min ago	0.92 bp	11.8 bp −$12	27.9 bp −$279	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	4.3399	−0.239%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3486	−0.040%	$107K	$69K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3519	+0.036%	$163K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.811%	$578	$301K	12x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0056%	1h	4.3571	+0.156%	$2.3M	$15.9M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3430	−0.168%	$110K	$502K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3460	−0.099%	$265.8M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3421	−0.188%	$214.6M	$426.4M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3400	−0.237%	$61.5M	$289.4M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3250	−0.581%	$246K	−$0	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NEAR_USDT	+0.0100%	8h	4.3466	−0.085%	$32.1M	$61.7M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3500	−0.007%	$74.0M	$146.0M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3500	−0.007%	$53.9M	$46.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3414	−0.205%	$71.6M	$127.9M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3480	−0.053%	—	$145.9M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3327	−0.404%	$8.2M	$18.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3370	−0.305%	$253K	$949K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3370	−0.306%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3370	−0.306%	$167K	$795K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3454	−0.113%	$275K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3579	+0.175%	$58K	$246K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3570	+0.154%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3640	+0.315%	$473K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3580	+0.177%	$3.7M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3445	−0.132%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3568	+0.149%	$203K	$37K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3410	−0.214%	$13.4M	$32.2M	75x	as long as short
Pacifica NEARlong	+0.0263%	1h	4.3503	long leg	$402K	$1.3M	10x
Kalshi KXNEARPERP	+0.0277%	8h	4.3539	+0.083%	$876K	$23.5M	2.2x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0324% / S −0.0198%	1h	4.3512	+0.021%	$235K	—	100x	as long as short
Aster NEARUSDT	+0.0335%	8h	4.3490	−0.030%	$2.8M	$5.5M	50x	as long as short
SoDEX NEAR-USD	+0.0367%	1h	4.3536	+0.076%	$6K	$53K	10x	as long as short
01 Exchange NEARUSD	+0.0512%	1h	4.3517	+0.032%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0570%	1h	4.3417	−0.198%	$1.8M	$3.1M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0581%	1h	4.3551	+0.110%	$1.3M	$6.7M	20x	as long as short
Hyperliquid NEAR	+0.0594%	1h	4.3555	+0.120%	$356.6M	$314.3M	10x	as long as short
Extended NEAR-USD	+0.0616%	1h	4.3481	−0.051%	$3.8M	$20.0M	25x	as long as short
Arcus NEAR-USD	+0.0627%	1h	4.3500	−0.007%	$214K	$1.6M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0708%	1h	4.3554	+0.118%	$7.6M	$39.3M	50x	as long as short
Lighter RH NEAR	+0.0896%	1h	4.3583	+0.184%	$1.5M	$7.4M	10x	as long as short
Phoenix NEARshort	+0.0941%	1h	4.3290	−0.490%	$1.8M	$2.8M	10x
Lighter NEAR	+0.1088%	1h	4.3582	+0.183%	$17.6M	$25.0M	15x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1106%	1h	4.3583	+0.184%	$1.9M	$9.5M	25x	as long as short
RISEx NEAR/USDC	+0.1162%	1h	4.3502	−0.003%	$687K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1543%	1h	4.3445	−0.134%	$5K	$13K	10x	as long as short