Funding you earn now, next payment 03:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.058%
Price spread now: Injective against Phemex−7.691%7-day average +0.942% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.072%+$7 on $10k
+Price spread, last 3 days (all we have)+9.541%+$954 · spread now −7.691%, 7d avg +0.942%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 8.633% cheaper against Phemex than usual: you would sell low and buy high (−$863 if the spread goes back to its 7-day average of +0.942%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.072%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex NEARUSDT | 4.4860 | 0.0100 | pay 0.0100% / 8h | 5h 01m | $3.8M | $8.4M | 50x |
| Short | Injective NEAR/USDC PERP | 4.1410 | 0.0033 | get 0.0004% / 1h | 1m 07s | $578 | $302K | 12x |
Phemex NEARUSDT
Injective NEAR/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$14
- Price spread: −7.691% → +0.942%
- −$863.26
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$889.28
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Phemex: live order book, 3 min ago; Injective: no order-book sample. Net counts fees only.
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, 3 min ago | 11.17 bp | 42.1 bp −$42 | 76.2 bp −$762 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 4.4890 | +0.066% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0016% | 1h | 4.4747 | −0.252% | $2.2M | $15.6M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.4864 | +0.009% | $111K | $70K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.4867 | +0.016% | $565K | $21.9M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.4864 | +0.009% | $167K | — | 150x | as long as short |
| Injective NEAR/USDC PERPshort | +0.0033% | 1h | 4.1410 | −7.691% | $578 | $302K | 12x | |
| Popdex NEARUSDT | +0.0096% | 1h | 4.4870 | +0.022% | $117K | $515K | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.4849 | −0.025% | $428K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.4845 | −0.032% | $274.3M | $1.12B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.4830 | −0.067% | $224.4M | $429.5M | 75x | as long as short |
Reya NEARRUSDPERP
Coinbase International NEAR-PERP-INTX
dYdX NEAR-USD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
Popdex NEARUSDT
Pacifica NEAR
Binance NEARUSDT
Bybit NEARUSDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.4810 | −0.111% | $64.0M | $307.4M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.4470 | −0.870% | $253K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.4861 | +0.002% | $32.5M | $65.7M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.4860 | 0.000% | $76.3M | $151.1M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.4880 | +0.045% | $55.6M | $46.2M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.4833 | −0.060% | $73.8M | $131.2M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.4870 | +0.022% | — | $147.3M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.4836 | −0.054% | $8.7M | $18.2M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.4501 | −0.800% | $267K | $977K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.4714 | −0.326% | $1.5M | $1.4M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.4750 | −0.245% | $172K | $797K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.4883 | +0.051% | $248K | $3.9M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.4908 | +0.107% | $57K | $237K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.4990 | +0.290% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.4865 | +0.011% | $8K | $53K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.4880 | +0.045% | $465K | $4.2M | 75x | as long as short |
| Phemex NEARUSDTlong | +0.0100% | 8h | 4.4860 | long leg | $3.8M | $8.4M | 50x | |
| Paradex NEAR-USD-PERP | +0.0102% | 8h | 4.4838 | −0.049% | $32K | $608 | 10x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.4930 | +0.156% | $209K | $40K | 3x | as long as short |
| Extended NEAR-USD | +0.0208% | 1h | 4.4833 | −0.059% | $4.1M | $19.5M | 25x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.4870 | +0.022% | $14.4M | $33.7M | 75x | as long as short |
| Aster NEARUSDT | +0.0293% | 8h | 4.4886 | +0.058% | $3.1M | $5.6M | 50x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0354% / S −0.0236% | 1h | 4.4850 | −0.022% | $269K | — | 100x | as long as short |
| 01 Exchange NEARUSD | +0.0376% | 1h | 4.4856 | −0.009% | $13K | $7K | 10x | as long as short |
| Arcus NEAR-USD | +0.0410% | 1h | 4.4880 | +0.045% | $217K | $1.8M | 10x | as long as short |
| Nado NEAR-PERP | +0.0467% | 1h | 4.4890 | +0.067% | $1.9M | $3.2M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0537% | 1h | 4.4893 | +0.074% | $1.4M | $6.7M | 20x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0687% | 1h | 4.4873 | +0.029% | $8.3M | $40.6M | 50x | as long as short |
| Lighter RH NEAR | +0.0712% | 1h | 4.4906 | +0.103% | $1.6M | $7.3M | 10x | as long as short |
| Hyperliquid NEAR | +0.0762% | 1h | 4.4895 | +0.078% | $373.5M | $327.1M | 10x | as long as short |
| Phoenix NEAR | +0.0855% | 1h | 4.4916 | +0.125% | $1.9M | $2.7M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0924% | 1h | 4.4877 | +0.037% | $574K | $1.4M | 10x | as long as short |
| Lighter NEAR | +0.1120% | 1h | 4.4918 | +0.129% | $18.1M | $27.2M | 15x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.1288% | 1h | 4.4929 | +0.154% | $2.0M | $5.1M | 25x | as long as short |
| Aftermath Perps NEARUSD | +0.1597% | 1h | 4.4904 | +0.099% | $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-USDT
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
Aevo NEAR-PERP
Extended NEAR-USD
BloFin NEAR-USDT
Aster NEARUSDT
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
Deribit NEAR_USDC-PERPETUAL
Aftermath Perps NEARUSD