NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0010%/8h= +1.1% APRnext payment +$0.10 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Phemex−0.044%7-day average +0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$750.754% of the position

Long on Phemex Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.030%+$3 on $10k

Price spread, last 4 days (all we have)−0.832%−$83 · spread now −0.044%, 7d avg +0.021%

Together, before fees−0.802%−$80 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.065% cheaper against Phemex than usual: you would sell low and buy high (spread −0.044% now, against its 7-day average of +0.021%). If the spread goes back, that is −$6 on $10k: about 22 days of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex NEARUSDT	4.5190	0.0090	pay 0.0090% / 8h	5h 24m	$4.0M	$8.1M	50x
Short	KuCoin NEARUSDTM	4.5170	0.0100	get 0.0100% / 8h	5h 24m	$56.6M	$44.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Phemex. 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 PhemexbpFee KuCoinbpOrdersPrice spread, now −0.044%Rate

Funding earned: $2.03
Price spread: −0.044% → +0.021%: −$6.48
Slippage, 4 orders: −$51.36
Fee Phemex: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$79.81
Costs to cover: 0.754%
Break-even: 282.4 days

Slippage from Phemex: live order book, 5 min ago; KuCoin: 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 Phemex live order book, 5 min ago	9.03 bp	21.8 bp −$22	53.8 bp −$538	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	3.38 bp	18.0 bp −$18	37.6 bp −$376	99.2 bp −$9,920	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	4.5028	−0.359%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.5086	−0.230%	$2.2M	$15.0M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4974	−0.478%	$111K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.5008	−0.403%	$663K	$20.2M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.5089	−0.224%	$203K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−8.365%	$578	$302K	12x	as long as short
Phemex NEARUSDTlong	+0.0090%	8h	4.5190	long leg	$4.0M	$8.1M	50x
Popdex NEARUSDT	+0.0096%	1h	4.4910	−0.620%	$117K	$492K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4992	−0.438%	$425K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.5240	+0.110%	$275.4M	$1.08B	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit NEARUSDT	+0.0100%	8h	4.5210	+0.044%	$227.9M	$420.7M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.5170	−0.044%	$64.7M	$301.8M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4902	−0.637%	$256K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.5049	−0.312%	$32.6M	$63.4M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.5160	−0.066%	$78.8M	$144.2M	200x	as long as short
KuCoin NEARUSDTMshort	+0.0100%	8h	4.5170	−0.044%	$56.6M	$44.6M	75x
Bitget NEARUSDT	+0.0100%	8h	4.5146	−0.097%	$74.3M	$127.7M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.5110	−0.177%	—	$145.8M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4586	−1.337%	$8.7M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4330	−1.903%	$266K	$985K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4439	−1.662%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4320	−1.925%	$173K	$793K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4979	−0.467%	$223K	$3.7M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.5116	−0.164%	$62K	$204K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.5210	+0.044%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.5155	−0.077%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.5330	+0.310%	$472K	$4.0M	75x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4958	−0.513%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.5128	−0.136%	$3.9M	$18.7M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.5161	−0.064%	$210K	$34K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4950	−0.531%	$13.9M	$32.8M	75x	as long as short
Aster NEARUSDT	+0.0259%	8h	4.5086	−0.229%	$3.1M	$5.4M	50x	as long as short
01 Exchange NEARUSD	+0.0352%	1h	4.4953	−0.524%	$13K	$7K	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0355% / S −0.0246%	1h	4.5097	−0.205%	$265K	—	100x	as long as short
Nado NEAR-PERP	+0.0357%	1h	4.5030	−0.354%	$1.9M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.4970	−0.487%	$219K	$1.7M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0558%	1h	4.5018	−0.381%	$1.4M	$6.6M	20x	as long as short
Hyperliquid NEAR	+0.0674%	1h	4.4979	−0.467%	$374.4M	$309.8M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0681%	1h	4.5208	+0.041%	$8.4M	$41.0M	50x	as long as short
Lighter RH NEAR	+0.0696%	1h	4.5255	+0.144%	$1.7M	$7.0M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0725%	1h	4.5155	−0.077%	$2.0M	$4.4M	25x	as long as short
Phoenix NEAR	+0.0855%	1h	4.4889	−0.666%	$1.9M	$2.7M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.4965	−0.499%	$543K	$1.3M	10x	as long as short
Lighter NEAR	+0.1272%	1h	4.5270	+0.177%	$18.1M	$26.1M	15x	as long as short
Aftermath Perps NEARUSD	+0.1543%	1h	4.4542	−1.435%	$6K	$12K	10x	as long as short