Funding you earn now, next payment 08:00 UTC+0.0189%/8h= +20.7% APRnext payment +$1.89 per $10,000 · paid last 24h +0.005%
Price spread now: Aster against Phemex−0.045%7-day average +0.039% · you buy dearer than you sell
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$520.517% of the position
Funding, last 7 days+0.079%+$8 on $10k
+Price spread, last 4 days (all we have)+0.040%+$4 · spread now −0.045%, 7d avg +0.039%
=Together, before fees+0.120%+ Points / potential airdropAster: Stage 5 · farm board+$12 on $10k · with fees, hour by hour
Funding pays, the price is against you. Aster is 0.084% cheaper against Phemex than usual: you would sell low and buy high (spread −0.045% now, against its 7-day average of +0.039%). If the spread goes back, that is −$8 on $10k: about 36 hours of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.079% in total) that is about 7.4 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.079% in total (about 4.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.89 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex NEARUSDT | 4.4000 | 0.0100 | pay 0.0100% / 8h | 1h 14m | $3.6M | $8.2M | 50x |
| Short | Aster NEARUSDT | 4.3980 | 0.0289 | get 0.0289% / 8h | 1h 14m | $2.8M | $4.8M | 50x |
Phemex NEARUSDT
Aster NEARUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Phemex. 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
- $39.66
- Price spread: −0.045% → +0.039%
- −$8.41
- Slippage, 4 orders
- −$31.74
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$20.49
- Costs to cover
- 0.517%
- Break-even
- 10.6 days
Slippage from Phemex: live order book, 4 min ago; Aster: 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 Phemex live order book, 4 min ago | 4.52 bp | 18.4 bp −$18 | 53.0 bp −$530 | doesn't fit | doesn't fit |
| Sell Aster live order book, 4 min ago | 1.13 bp | 6.3 bp −$6 | 15.0 bp −$150 | 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 | −0.126% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3941 | −0.134% | $108K | $68K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.3907 | −0.211% | $165K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −5.886% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.4000 | 0.000% | $111K | $484K | 50x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3980 | −0.045% | $222.8M | $430.3M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3970 | −0.068% | $62.0M | $294.5M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.4150 | +0.341% | $252K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3966 | −0.077% | $35.7M | $62.1M | 75x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.4020 | +0.045% | $53.3M | $45.9M | 75x | as long as short |
Reya NEARRUSDPERP
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Bulk NEAR-USD
Gate NEAR_USDT
KuCoin NEARUSDTMShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget NEARUSDT | +0.0100% | 8h | 4.3981 | −0.043% | $72.7M | $127.9M | 75x | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.3847 | −0.347% | $8.8M | $18.7M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.4016 | +0.035% | $257K | $918K | 20x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.4000 | 0.000% | $166K | $804K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3972 | −0.064% | $291K | $4.1M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.4000 | 0.000% | $59K | $235K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.4010 | +0.023% | $1K | $1.3M | 20x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.4030 | +0.068% | $460K | $3.9M | 75x | as long as short |
| Phemex NEARUSDTlong | +0.0100% | 8h | 4.4000 | long leg | $3.6M | $8.2M | 50x | |
| Paradex NEAR-USD-PERP | +0.0104% | 8h | 4.3955 | −0.103% | $32K | $585 | 10x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0109% | 8h | 4.4271 | +0.616% | $1.5M | $1.5M | 10x | as long as short |
| Extended NEAR-USD | +0.0112% | 1h | 4.3987 | −0.030% | $3.6M | $18.1M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0136% | 1h | 4.4000 | 0.000% | $205K | $38K | 3x | as long as short |
| SoDEX NEAR-USD | +0.0149% | 1h | 4.4005 | +0.011% | $5K | $53K | 10x | as long as short |
| BingX NEAR-USDC | +0.0200% | 8h | 4.3990 | −0.023% | — | $6.7M | — | as long as short |
| MEXC NEAR_USDT | +0.0212% | 8h | 4.4010 | +0.023% | $78.8M | $149.8M | 200x | as long as short |
| Binance NEARUSDT | +0.0212% | 8h | 4.4010 | +0.023% | $268.0M | $1.08B | 75x | as long as short |
| Kalshi KXNEARPERP | +0.0240% | 8h | 4.3953 | −0.107% | $1.0M | $24.9M | 2.2x | as long as short |
| Aster NEARUSDTshort | +0.0289% | 8h | 4.3980 | −0.045% | $2.8M | $4.8M | 50x | |
| GMX NEAR/USD [ETH-USDC] | L +0.0314% / S −0.0199% | 1h | 4.3909 | −0.207% | $234K | — | 100x | as long as short |
| BloFin NEAR-USDT | +0.0332% | 8h | 4.4050 | +0.114% | $13.6M | $32.5M | 75x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0413% | 1h | 4.4007 | +0.016% | $1.3M | $6.9M | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0424% | 1h | 4.4000 | 0.000% | $2.3M | $16.6M | 50x | as long as short |
| 01 Exchange NEARUSD | +0.0456% | 1h | 4.3996 | −0.009% | $13K | $7K | 10x | as long as short |
| Hyperliquid NEAR | +0.0512% | 1h | 4.4033 | +0.075% | $359.3M | $313.4M | 10x | as long as short |
| Nado NEAR-PERP | +0.0546% | 1h | 4.3955 | −0.102% | $1.7M | $3.2M | 10x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0663% | 1h | 4.4003 | +0.008% | $7.3M | $38.2M | 50x | as long as short |
| Lighter NEAR | +0.0800% | 1h | 4.4069 | +0.156% | $17.3M | $25.3M | 15x | as long as short |
| Arcus NEAR-USD | +0.0880% | 1h | 4.4010 | +0.023% | $227K | $1.6M | 10x | as long as short |
| Lighter RH NEAR | +0.0888% | 1h | 4.4071 | +0.161% | $1.5M | $6.7M | 10x | as long as short |
| Phoenix NEAR | +0.1003% | 1h | 4.4002 | +0.005% | $1.8M | $2.5M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.1092% | 1h | 4.4026 | +0.059% | $1.9M | $13.0M | 25x | as long as short |
| Pacifica NEAR | +0.1187% | 1h | 4.3950 | −0.114% | $419K | $1.4M | 10x | as long as short |
| RISEx NEAR/USDC | +0.1259% | 1h | 4.3961 | −0.090% | $664K | $1.4M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1303% | 1h | 4.4077 | +0.174% | $5K | $12K | 10x | as long as short |
Bitget NEARUSDT
Variational Omni NEAR
edgeX NEARUSDC
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
HTX NEAR-USDT
Paradex NEAR-USD-PERP
GRVT NEAR_USDT_Perp
Extended NEAR-USD
Aevo NEAR-PERP
SoDEX NEAR-USD
BingX NEAR-USDC
MEXC NEAR_USDT
Binance NEARUSDT
Kalshi KXNEARPERP
GMX NEAR/USD [ETH-USDC]
BloFin NEAR-USDT
Backpack NEAR_USDC_PERP
Coinbase International NEAR-PERP-INTX
01 Exchange NEARUSD
Hyperliquid NEAR
Nado NEAR-PERP
Kraken Futures PF_NEARUSD
Lighter NEAR
Arcus NEAR-USD
Lighter RH NEAR
Phoenix NEAR
Deribit NEAR_USDC-PERPETUAL
Pacifica NEAR
RISEx NEAR/USDC
Aftermath Perps NEARUSD