NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0123%/8h= −13.5% APRnext payment −$0.15 per $10,000 · paid last 24h −0.086%

Price spread now: Arcus against Phoenix+0.205%7-day average −0.167% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs+$1as in the Price arb table

costs, in and out, $10k−$360.365% of the position

Long on Phoenix Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.135%−$13 on $10k

Price spread, last 7 days−0.395%−$40 · spread now +0.205%, 7d avg −0.167%

Together, before fees−0.530%−$53 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Arcus is 0.372% dearer against Phoenix than usual: you sell high and buy low (spread +0.205% now, against its 7-day average of −0.167%): +$37 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 10 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix NEAR	4.4489	0.1003	pay 0.0125% / 1h	53m 28s	$1.8M	$2.5M	10x
Short	Arcus NEAR-USD	4.4580	0.0880	get 0.0110% / 1h	53m 28s	$226K	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Phoenix. 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 PhoenixbpFee ArcusbpOrdersPrice spread, now +0.205%Rate

Funding earned: −$25.92
Price spread: +0.205% → −0.167%: $37.17
Slippage, 4 orders: −$24.95
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$25.2
Costs to cover: 0.365%
Break-even: from the start

Slippage from Phoenix: live order book, 5 min ago; Arcus: live order book, just now.

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 Phoenix live order book, 5 min ago	0.90 bp	12.3 bp −$12	51.1 bp −$511	doesn't fit	doesn't fit
Sell Arcus live order book, just now	2.25 bp	5.6 bp −$6	12.3 bp −$123	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	4.4508	+0.043%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4392	−0.218%	$109K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0009%	1h	4.4479	−0.023%	$149K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.921%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4540	+0.115%	$114K	$494K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4520	+0.070%	$227.5M	$424.4M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4500	+0.025%	$62.7M	$296.0M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4419	−0.156%	$253K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4506	+0.038%	$34.5M	$59.6M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4530	+0.092%	$53.6M	$45.7M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NEARUSDT	+0.0100%	8h	4.4499	+0.022%	$73.7M	$126.1M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4407	−0.184%	$8.9M	$18.5M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4434	−0.123%	$260K	$963K	20x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4538	+0.110%	$278K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4408	−0.182%	$58K	$239K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4450	−0.088%	$1K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4500	+0.025%	$465K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4370	−0.267%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0103%	8h	4.4419	−0.156%	$32K	$585	10x	as long as short
GRVT NEAR_USDT_Perp	+0.0120%	8h	4.4450	−0.088%	$1.5M	$1.5M	10x	as long as short
Aevo NEAR-PERP	+0.0120%	1h	4.4422	−0.151%	$207K	$40K	3x	as long as short
SoDEX NEAR-USD	+0.0122%	1h	4.4385	−0.234%	$5K	$52K	10x	as long as short
BingX NEAR-USDT	+0.0158%	8h	4.4470	−0.043%	—	$143.7M	—	as long as short
MEXC NEAR_USDT	+0.0165%	8h	4.4540	+0.115%	$85.9M	$143.8M	200x	as long as short
Binance NEARUSDT	+0.0165%	8h	4.4520	+0.070%	$269.6M	$1.08B	75x	as long as short
BloFin NEAR-USDT	+0.0283%	8h	4.4460	−0.065%	$13.5M	$32.8M	75x	as long as short
Kalshi KXNEARPERP	+0.0302%	8h	4.4455	−0.076%	$1.1M	$24.6M	2.2x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0315% / S −0.0201%	1h	4.4368	−0.272%	$238K	—	100x	as long as short
Aster NEARUSDT	+0.0343%	8h	4.4520	+0.070%	$2.9M	$4.9M	50x	as long as short
Extended NEAR-USD	+0.0392%	1h	4.4533	+0.099%	$3.7M	$19.0M	25x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0424%	1h	4.4452	−0.083%	$2.3M	$16.3M	50x	as long as short
ApeX Omni NEARUSDT	+0.0440%	1h	4.4430	−0.133%	$168K	$803K	50x	as long as short
01 Exchange NEARUSD	+0.0488%	1h	4.4572	+0.187%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0511%	1h	4.4460	−0.065%	$1.7M	$3.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0598%	1h	4.4407	−0.184%	$1.3M	$6.5M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0658%	1h	4.4355	−0.302%	$7.4M	$38.7M	50x	as long as short
Hyperliquid NEAR	+0.0691%	1h	4.4558	+0.155%	$366.6M	$306.6M	10x	as long as short
Lighter NEAR	+0.0840%	1h	4.4501	+0.026%	$17.4M	$24.6M	15x	as long as short
Arcus NEAR-USDshort	+0.0880%	1h	4.4580	+0.205%	$226K	$1.6M	10x
Deribit NEAR_USDC-PERPETUAL	+0.0900%	1h	4.4417	−0.162%	$1.9M	$12.2M	25x	as long as short
Lighter RH NEAR	+0.1000%	1h	4.4471	−0.040%	$1.5M	$6.6M	10x	as long as short
Phoenix NEARlong	+0.1003%	1h	4.4489	long leg	$1.8M	$2.5M	10x
Pacifica NEAR	+0.1187%	1h	4.4439	−0.111%	$408K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1199%	1h	4.4351	−0.310%	$6K	$12K	10x	as long as short
RISEx NEAR/USDC	+0.1259%	1h	4.4576	+0.195%	$681K	$1.4M	10x	as long as short