NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0633%/8h= −69.3% APRnext payment −$0.79 per $10,000 · paid last 24h −0.172%

Price spread now: Bulk against Phoenix+0.778%7-day average −0.216% · 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+$46as in the Price arb table

costs, in and out, $10k−$530.535% of the position

Long on Phoenix Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.529%−$53 on $10k

Price spread, last 4 days (all we have)−2.002%−$200 · spread now +0.778%, 7d avg −0.216%

Together, before fees−2.530%−$253 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bulk is 0.994% dearer against Phoenix than usual: you sell high and buy low (spread +0.778% now, against its 7-day average of −0.216%): +$99 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 5.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix NEAR	4.5001	0.0733	pay 0.0092% / 1h	45m 23s	$1.7M	$2.6M	10x
Short	Bulk NEAR-USD	4.5351	0.0100	get 0.0013% / 1h	45m 23s	$279K	$24K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now +0.778%Rate

Funding earned: −$132.85
Price spread: +0.778% → −0.216%: $99.44
Slippage, 4 orders: −$39.47
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$86.88
Costs to cover: 0.535%
Break-even: from the start

Slippage from Phoenix: live order book, 1 min ago; Bulk: live order book, 62 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 Phoenix live order book, 1 min ago	1.10 bp	12.3 bp −$12	51.0 bp −$510	doesn't fit	doesn't fit
Sell Bulk live order book, 62 min ago	11.17 bp	14.7 bp −$15	14.7 bp −$147	22.6 bp −$2,265	46.7 bp −$23.3K

NEAR on 45 exchanges

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
Kraken Futures PF_NEARUSD	−0.0376%	1h	4.5376	+0.834%	$7.4M	$37.1M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.5303	+0.672%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.5305	+0.675%	$111K	$53K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.5167	+0.369%	$901K	$26.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.5330	+0.731%	$170K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.980%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.5340	+0.753%	$125K	$510K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.5353	+0.782%	$2.7M	$5.0M	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.5378	+0.839%	$273.9M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.5414	+0.918%	$233.1M	$430.1M	75x	as long as short

Show all 45 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.5400	+0.887%	$64.4M	$305.1M	50x	as long as short
Bulk NEAR-USDshort	+0.0100%	1h	4.5351	+0.778%	$279K	$24K	10x
Gate NEAR_USDT	+0.0100%	8h	4.5309	+0.684%	$41.5M	$61.9M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.5340	+0.753%	$76.0M	$169.3M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.5330	+0.731%	$54.5M	$44.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.5392	+0.869%	$75.4M	$128.0M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.5410	+0.909%	—	$74.5M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.5173	+0.383%	$8.8M	$15.7M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4858	−0.317%	$266K	$865K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.5183	+0.404%	$1.5M	$1.9M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4840	−0.358%	$168K	$810K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.5357	+0.791%	$192K	$4.2M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.5428	+0.949%	$56K	$273K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.5510	+1.131%	$2K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.5390	+0.864%	$5K	$34K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.5260	+0.576%	$467K	$3.7M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.5190	+0.420%	$3.4M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.5312	+0.690%	$33K	$389	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.5405	+0.898%	$3.8M	$15.0M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.5404	+0.896%	$211K	$38K	3x	as long as short
Lighter RH NEAR	+0.0112%	1h	4.5428	+0.949%	$1.6M	$5.7M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0191% / S −0.0033%	1h	4.5325	+0.721%	$244K	—	100x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.5240	+0.531%	$12.8M	$32.7M	75x	as long as short
Arcus NEAR-USD	+0.0253%	1h	4.5340	+0.753%	$229K	$1.4M	10x	as long as short
01 Exchange NEARUSD	+0.0256%	1h	4.5375	+0.831%	$13K	$4K	10x	as long as short
Lighter NEAR	+0.0264%	1h	4.5415	+0.920%	$17.2M	$24.7M	15x	as long as short
Hyperliquid NEAR	+0.0269%	1h	4.5362	+0.802%	$364.5M	$312.9M	10x	as long as short
Nado NEAR-PERP	+0.0409%	1h	4.5327	+0.724%	$1.8M	$3.1M	10x	as long as short
RISEx NEAR/USDC	+0.0478%	1h	4.5325	+0.720%	$646K	$1.6M	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0544%	1h	4.5203	+0.449%	$2.4M	$17.8M	50x	as long as short
Pacifica NEAR	+0.0687%	1h	4.5379	+0.839%	$427K	$1.3M	10x	as long as short
Phoenix NEARlong	+0.0733%	1h	4.5001	long leg	$1.7M	$2.6M	10x
Backpack NEAR_USDC_PERP	+0.0763%	1h	4.5263	+0.582%	$1.1M	$7.2M	20x	as long as short
Aftermath Perps NEARUSD	+0.0878%	1h	4.5049	+0.106%	$6K	$6K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1600%	1h	4.5484	+1.073%	$2.0M	$13.0M	25x	as long as short