NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0515%/8h= −56.4% APRnext payment −$0.64 per $10,000 · paid last 24h −0.193%

Price spread now: Coinbase International against Phoenix−0.189%72s7-day average −0.200% · you buy dearer than you sell

Net, funding: paid 7d − costs−$145as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$500.495% of the position

Long on Phoenix Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.959%−$96 on $10k

Price spread, last 4 days (all we have)+0.014%+$1 · spread now −0.189%, 7d avg −0.200%

Together, before fees−0.945%−$94 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.200%, so right now this pair is about funding alone: −$15 a day on $10k at the current rate. The two prices were read 72 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix NEAR	4.3312	0.1003	pay 0.0125% / 1h	58m 11s	$1.8M	$2.3M	10x
Short	Coinbase International NEAR-PERP-INTX	4.3230	0.0488	get 0.0061% / 1h	58m 11s	$2.3M	$16.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.189%Rate

Funding earned: −$108.2
Price spread: −0.189% → −0.200%: $1.09
Slippage, 4 orders: −$32.54
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$156.65
Costs to cover: 0.495%
Break-even: never at this rate

Slippage from Phoenix: live order book, 5 min ago; Coinbase International: live order book, 6 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, 5 min ago	0.92 bp	12.4 bp −$12	51.1 bp −$511	doesn't fit	doesn't fit
Sell Coinbase International live order book, 6 min ago	5.90 bp	11.1 bp −$11	16.6 bp −$166	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	4.3153	−0.368%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3105	−0.478%	$106K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3179	−0.308%	$162K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0017%	1h	4.3212	−0.230%	$7.1M	$38.3M	50x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.391%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3160	−0.351%	$105K	$492K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3230	−0.189%	$218.5M	$431.3M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3220	−0.212%	$60.7M	$290.9M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3150	−0.373%	$246K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3227	−0.196%	$35.2M	$61.5M	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	4.3240	−0.166%	$52.4M	$45.9M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3227	−0.196%	$71.6M	$128.6M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3137	−0.403%	$8.6M	$18.7M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3156	−0.359%	$250K	$907K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3153	−0.366%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3150	−0.374%	$163K	$804K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3188	−0.286%	$278K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3230	−0.189%	$58K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3310	−0.005%	$2K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3225	−0.201%	$5K	$53K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3260	−0.120%	$457K	$3.8M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3230	−0.189%	$3.6M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0103%	8h	4.3126	−0.429%	$31K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3200	−0.258%	$3.6M	$17.8M	25x	as long as short
Aevo NEAR-PERP	+0.0136%	1h	4.3242	−0.161%	$201K	$38K	3x	as long as short
BingX NEAR-USDT	+0.0203%	8h	4.3240	−0.166%	—	$144.8M	—	as long as short
Kalshi KXNEARPERP	+0.0209%	8h	4.3114	−0.457%	$937K	$25.1M	2.2x	as long as short
MEXC NEAR_USDT	+0.0212%	8h	4.3250	−0.143%	$76.2M	$147.8M	200x	as long as short
Binance NEARUSDT	+0.0214%	8h	4.3250	−0.143%	$262.8M	$1.09B	75x	as long as short
Aster NEARUSDT	+0.0245%	8h	4.3230	−0.189%	$2.7M	$4.9M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0313% / S −0.0201%	1h	4.3180	−0.305%	$231K	—	100x	as long as short
BloFin NEAR-USDT	+0.0333%	8h	4.3130	−0.420%	$13.4M	$31.9M	75x	as long as short
Backpack NEAR_USDC_PERP	+0.0386%	1h	4.3279	−0.076%	$1.3M	$7.0M	20x	as long as short
01 Exchange NEARUSD	+0.0408%	1h	4.3190	−0.282%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0451%	1h	4.3155	−0.362%	$1.6M	$3.2M	10x	as long as short
Hyperliquid NEAR	+0.0483%	1h	4.3273	−0.091%	$351.3M	$315.2M	10x	as long as short
Coinbase International NEAR-PERP-INTXshort	+0.0488%	1h	4.3230	−0.189%	$2.3M	$16.6M	50x
Arcus NEAR-USD	+0.0638%	1h	4.3180	−0.305%	$227K	$1.6M	10x	as long as short
Lighter NEAR	+0.0704%	1h	4.3284	−0.064%	$17.0M	$24.8M	15x	as long as short
Lighter RH NEAR	+0.0792%	1h	4.3287	−0.058%	$1.5M	$6.6M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0931%	1h	4.3252	−0.139%	$1.9M	$13.0M	25x	as long as short
Pacifica NEAR	+0.0949%	1h	4.3130	−0.420%	$406K	$1.5M	10x	as long as short
RISEx NEAR/USDC	+0.0965%	1h	4.3175	−0.317%	$655K	$1.4M	10x	as long as short
Phoenix NEARlong	+0.1003%	1h	4.3312	long leg	$1.8M	$2.3M	10x
Aftermath Perps NEARUSD	+0.1279%	1h	4.3268	−0.101%	$5K	$12K	10x	as long as short