NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.1033%/8h= −113.1% APRnext payment −$1.29 per $10,000 · paid last 24h −0.184%

Price spread now: dYdX against Phoenix−0.589%7-day average −0.224% · you buy dearer than you sell

Net, funding: paid 7d − costs−$231as in the Funding arb table

Net, price: spread back to 7d avg − costs−$175as in the Price arb table

costs, in and out, $10k−$1381.382% of the position

Long on Phoenix Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.929%−$93 on $10k

Price spread, last 4 days (all we have)−1.031%−$103 · spread now −0.589%, 7d avg −0.224%

Together, before fees−1.960%−$196 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$31 a day on $10k at the current rate, and dYdX is 0.365% cheaper against Phoenix than usual: you would sell low and buy high (−$37 if the spread goes back to its 7-day average of −0.224%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix NEAR	4.2961	0.1033	pay 0.0129% / 1h	45m 05s	$1.8M	$2.5M	10x
Short	dYdX NEAR-USD	4.2708	0	get 0.0000% / 1h	45m 05s	$105K	$68K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.589%Rate

Funding earned: −$216.97
Price spread: −0.589% → −0.224%: −$36.54
Slippage, 4 orders: −$121.16
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$391.66
Costs to cover: 1.382%
Break-even: never at this rate

Slippage from Phoenix: live order book, 8 min ago; dYdX: live order book, 4 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, 8 min ago	0.93 bp	12.3 bp −$12	51.1 bp −$511	doesn't fit	doesn't fit
Sell dYdX live order book, 4 min ago	43.23 bp	65.8 bp −$66	147.0 bp −$1,470	161.2 bp −$16.1K	360.4 bp −$180.2K

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	4.2723	−0.554%	$2K	—	20x	as long as short
dYdX NEAR-USDshort	0.0000%	1h	4.2708	−0.589%	$105K	$68K	10x
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.2703	−0.601%	$160K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.610%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2740	−0.514%	$111K	$500K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2782	−0.416%	$261.4M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.2732	−0.533%	$212.4M	$422.0M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2770	−0.445%	$60.2M	$284.2M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2835	−0.292%	$244K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2705	−0.596%	$31.9M	$59.7M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC NEAR_USDT	+0.0100%	8h	4.2780	−0.421%	$70.4M	$142.6M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2770	−0.445%	$52.8M	$45.6M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2738	−0.519%	$70.6M	$127.5M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.2720	−0.561%	—	$144.5M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.2678	−0.660%	$8.1M	$18.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2781	−0.419%	$250K	$950K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2766	−0.453%	$1.4M	$1.5M	10x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2744	−0.505%	$263K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2755	−0.480%	$56K	$243K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2830	−0.305%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.2840	−0.282%	$458K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2770	−0.445%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.2721	−0.559%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2749	−0.494%	$199K	$37K	3x	as long as short
ApeX Omni NEARUSDT	+0.0148%	1h	4.2790	−0.398%	$164K	$794K	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2780	−0.421%	$13.2M	$31.5M	75x	as long as short
Kalshi KXNEARPERP	+0.0253%	8h	4.2761	−0.466%	$842K	$24.5M	2.2x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0256%	1h	4.2732	−0.533%	$2.3M	$15.7M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0322% / S −0.0198%	1h	4.2701	−0.606%	$231K	—	100x	as long as short
Aster NEARUSDT	+0.0335%	8h	4.2764	−0.457%	$2.8M	$5.4M	50x	as long as short
Nado NEAR-PERP	+0.0339%	1h	4.2720	−0.561%	$1.7M	$3.2M	10x	as long as short
Extended NEAR-USD	+0.0528%	1h	4.2729	−0.541%	$3.7M	$19.9M	25x	as long as short
SoDEX NEAR-USD	+0.0563%	1h	4.2745	−0.503%	$6K	$53K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0635%	1h	4.2754	−0.482%	$1.3M	$6.8M	20x	as long as short
Hyperliquid NEAR	+0.0672%	1h	4.2768	−0.449%	$349.4M	$311.6M	10x	as long as short
01 Exchange NEARUSD	+0.0728%	1h	4.2804	−0.365%	$13K	$7K	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0740%	1h	4.2740	−0.516%	$7.5M	$38.7M	50x	as long as short
Arcus NEAR-USD	+0.0814%	1h	4.2790	−0.398%	$210K	$1.6M	10x	as long as short
Lighter NEAR	+0.0832%	1h	4.2792	−0.392%	$16.7M	$25.0M	15x	as long as short
Pacifica NEAR	+0.0847%	1h	4.2755	−0.480%	$391K	$1.3M	10x	as long as short
Lighter RH NEAR	+0.1024%	1h	4.2800	−0.375%	$1.5M	$7.3M	10x	as long as short
Phoenix NEARlong	+0.1033%	1h	4.2961	long leg	$1.8M	$2.5M	10x
Deribit NEAR_USDC-PERPETUAL	+0.1108%	1h	4.2775	−0.433%	$1.9M	$11.0M	25x	as long as short
RISEx NEAR/USDC	+0.1220%	1h	4.2769	−0.448%	$686K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1463%	1h	4.2769	−0.448%	$5K	$12K	10x	as long as short