NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0052%/8h= +5.7% APRnext payment +$0.52 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Phemex+0.069%7-day average −0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$470.470% of the position

Long on Phemex Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.025%+$3 on $10k

Price spread, last 4 days (all we have)−0.215%−$22 · spread now +0.069%, 7d avg −0.027%

Together, before fees−0.190%−$19 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and MEXC is 0.096% dearer against Phemex than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex NEARUSDT	4.3500	0.0100	pay 0.0100% / 8h	5m 46s	$3.5M	$8.2M	50x
Short	MEXC NEAR_USDT	4.3530	0.0152	get 0.0152% / 8h	5m 46s	$89.0M	$154.5M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.069%Rate

Funding earned: $10.92
Price spread: +0.069% → −0.027%: $9.6
Slippage, 4 orders: −$34.97
Fee Phemex: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$26.44
Costs to cover: 0.470%
Break-even: 24.0 days

Slippage from Phemex: live order book, 3 min ago; MEXC: live order book, 3 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, 3 min ago	4.57 bp	21.2 bp −$21	48.6 bp −$486	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	1.14 bp	2.1 bp −$2	3.6 bp −$36	32.6 bp −$3,263	72.0 bp −$36.0K

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	4.3559	+0.136%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3619	+0.273%	$107K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3561	+0.140%	$163K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0017%	1h	4.3476	−0.054%	$7.2M	$38.6M	50x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.805%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3580	+0.184%	$114K	$499K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3530	+0.069%	$219.5M	$429.3M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3530	+0.069%	$61.4M	$295.7M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3750	+0.575%	$249K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3516	+0.037%	$35.8M	$63.1M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NEARUSDTM	+0.0100%	8h	4.3500	0.000%	$52.7M	$45.9M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3540	+0.092%	$72.0M	$128.0M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3549	+0.113%	$8.9M	$18.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3477	−0.054%	$252K	$894K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3514	+0.032%	$1.4M	$1.6M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3440	−0.138%	$166K	$816K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3604	+0.239%	$275K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3564	+0.147%	$58K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3630	+0.299%	$2K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3557	+0.131%	$5K	$50K	10x	as long as short
Phemex NEARUSDTlong	+0.0100%	8h	4.3500	long leg	$3.5M	$8.2M	50x
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3645	+0.333%	$32K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3486	−0.033%	$3.6M	$16.5M	25x	as long as short
Aster NEARUSDT	+0.0116%	8h	4.3531	+0.070%	$2.7M	$4.8M	50x	as long as short
Aevo NEAR-PERP	+0.0120%	1h	4.3564	+0.148%	$203K	$38K	3x	as long as short
Hyperliquid NEAR	+0.0139%	1h	4.3574	+0.170%	$351.2M	$316.0M	10x	as long as short
Binance NEARUSDT	+0.0150%	8h	4.3531	+0.072%	$263.0M	$1.09B	75x	as long as short
MEXC NEAR_USDTshort	+0.0152%	8h	4.3530	+0.069%	$89.0M	$154.5M	200x
HTX NEAR-USDT	+0.0156%	8h	4.3640	+0.322%	$464K	$3.8M	75x	as long as short
BingX NEAR-USDT	+0.0162%	8h	4.3530	+0.069%	—	$144.3M	—	as long as short
Kalshi KXNEARPERP	+0.0172%	8h	4.3535	+0.080%	$964K	$25.1M	2.2x	as long as short
01 Exchange NEARUSD	+0.0232%	1h	4.3604	+0.239%	$13K	$7K	10x	as long as short
BloFin NEAR-USDT	+0.0272%	8h	4.3690	+0.437%	$13.4M	$32.2M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0341% / S −0.0241%	1h	4.3492	−0.018%	$253K	—	100x	as long as short
Nado NEAR-PERP	+0.0366%	1h	4.3595	+0.218%	$1.7M	$3.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0466%	1h	4.3511	+0.025%	$1.1M	$7.2M	20x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.3572	+0.166%	$2.3M	$17.0M	50x	as long as short
Lighter RH NEAR	+0.0496%	1h	4.3547	+0.108%	$1.5M	$6.8M	10x	as long as short
Lighter NEAR	+0.0536%	1h	4.3555	+0.126%	$17.2M	$25.4M	15x	as long as short
Arcus NEAR-USD	+0.0638%	1h	4.3610	+0.253%	$228K	$1.5M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0646%	1h	4.3580	+0.184%	$1.9M	$13.1M	25x	as long as short
Pacifica NEAR	+0.0949%	1h	4.3653	+0.353%	$411K	$1.4M	10x	as long as short
Phoenix NEAR	+0.0949%	1h	4.3865	+0.839%	$1.8M	$2.4M	10x	as long as short
RISEx NEAR/USDC	+0.0965%	1h	4.3590	+0.206%	$604K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1125%	1h	4.3631	+0.302%	$5K	$7K	10x	as long as short