Funding you earn now, next payment 10:00 UTC−0.0641%/8h= −70.2% APRpaid last 24h −0.036%
Price spread now: HTX against Phoenix−0.385%72s7-day average +0.055% · you buy dearer than you sell
Net, funding: paid 7d − costs−$77as 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−$580.584% of the position
Funding, last 7 days−0.189%−$19 on $10k
+Price spread, last 4 days (all we have)+0.547%+$55 · spread now −0.385%, 7d avg +0.055%
=Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and HTX is 0.441% cheaper against Phoenix than usual: you would sell low and buy high (−$44 if the spread goes back to its 7-day average of +0.055%). Swap the legs. The two prices were read 72 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.189% in total (about -9.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix NEAR | 4.4913 | 0.0741 | pay 0.0093% / 1h | 43m 30s | $1.7M | $2.7M | 10x |
| Short | HTX NEAR-USDT | 4.4740 | 0.0100 | get 0.0100% / 8h | 5h 43m | $464K | $3.7M | 75x |
Phoenix NEAR
HTX NEAR-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against Phoenix. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$134.66
- Price spread: −0.385% → +0.055%
- −$44.07
- Slippage, 4 orders
- −$39.44
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$237.17
- Costs to cover
- 0.584%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 8 min ago; HTX: 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 Phoenix live order book, 8 min ago | 1.11 bp | 12.4 bp −$12 | 51.2 bp −$512 | doesn't fit | doesn't fit |
| Sell HTX live order book, 3 min ago | 6.70 bp | 18.4 bp −$18 | 39.9 bp −$399 | doesn't fit | doesn't fit |
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 | −0.0236% | 1h | 4.4749 | −0.365% | $7.4M | $36.9M | 50x | as long as short |
| Reya NEARRUSDPERP | −0.0171% | 1h | 4.4684 | −0.510% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.4732 | −0.402% | $110K | $53K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.4697 | −0.481% | $842K | $26.1M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.4671 | −0.539% | $168K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −7.800% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.4740 | −0.385% | $123K | $503K | 50x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.4744 | −0.375% | $2.6M | $4.7M | 50x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.4759 | −0.343% | $271.6M | $1.08B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.4742 | −0.381% | $231.0M | $426.7M | 75x | as long as short |
Kraken Futures PF_NEARUSD
Reya NEARRUSDPERP
dYdX NEAR-USD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Aster NEARUSDT
Binance NEARUSDT
Bybit NEARUSDTShow all 45 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.4720 | −0.430% | $64.0M | $297.1M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.4750 | −0.363% | $267K | $12K | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.4717 | −0.436% | $39.8M | $62.2M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.4720 | −0.430% | $75.5M | $168.1M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.4740 | −0.385% | $53.2M | $43.8M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.4705 | −0.463% | $74.2M | $126.1M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.4720 | −0.430% | — | $76.2M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.4714 | −0.444% | $8.9M | $16.4M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.4709 | −0.455% | $264K | $871K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.4781 | −0.295% | $1.5M | $1.7M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.4710 | −0.452% | $167K | $822K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.4718 | −0.434% | $270K | $4.0M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.4752 | −0.358% | $58K | $269K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.4820 | −0.207% | $2K | $1.3M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.4775 | −0.307% | $5K | $34K | 10x | as long as short |
| HTX NEAR-USDTshort | +0.0100% | 8h | 4.4740 | −0.385% | $464K | $3.7M | 75x | |
| Phemex NEARUSDT | +0.0100% | 8h | 4.4790 | −0.274% | $3.3M | $8.0M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0102% | 8h | 4.4719 | −0.432% | $33K | $245 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.4705 | −0.463% | $3.7M | $15.0M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.4768 | −0.323% | $208K | $38K | 3x | as long as short |
| Hyperliquid NEAR | +0.0166% | 1h | 4.4799 | −0.254% | $360.9M | $314.9M | 10x | as long as short |
| 01 Exchange NEARUSD | +0.0200% | 1h | 4.4750 | −0.363% | $13K | $4K | 10x | as long as short |
| Nado NEAR-PERP | +0.0211% | 1h | 4.4750 | −0.363% | $1.8M | $3.1M | 10x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.4700 | −0.474% | $12.9M | $32.4M | 75x | as long as short |
| Lighter NEAR | +0.0232% | 1h | 4.4802 | −0.248% | $17.5M | $23.3M | 15x | as long as short |
| Lighter RH NEAR | +0.0280% | 1h | 4.4796 | −0.261% | $1.5M | $5.9M | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0341% / S −0.0226% | 1h | 4.4650 | −0.585% | $262K | — | 100x | as long as short |
| Arcus NEAR-USD | +0.0343% | 1h | 4.4760 | −0.341% | $226K | $1.4M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0489% | 1h | 4.4745 | −0.373% | $633K | $1.6M | 10x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0504% | 1h | 4.4721 | −0.427% | $2.3M | $17.5M | 50x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0600% | 1h | 4.4822 | −0.203% | $1.1M | $7.1M | 20x | as long as short |
| Phoenix NEARlong | +0.0741% | 1h | 4.4913 | long leg | $1.7M | $2.7M | 10x | |
| Pacifica NEAR | +0.0851% | 1h | 4.4764 | −0.331% | $419K | $1.3M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0890% | 1h | 4.4795 | −0.263% | $1.9M | $13.0M | 25x | as long as short |
| Aftermath Perps NEARUSD | +0.1113% | 1h | 4.4789 | −0.275% | $6K | $6K | 10x | as long as short |
OKX NEAR-USDT-SWAP
Bulk NEAR-USD
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDT
Variational Omni NEAR
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
SoDEX NEAR-USD
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Extended NEAR-USD
Aevo NEAR-PERP
Hyperliquid NEAR
01 Exchange NEARUSD
Nado NEAR-PERP
BloFin NEAR-USDT
Lighter NEAR
Lighter RH NEAR
GMX NEAR/USD [ETH-USDC]
Arcus NEAR-USD
RISEx NEAR/USDC
Coinbase International NEAR-PERP-INTX
Backpack NEAR_USDC_PERP
Pacifica NEAR
Deribit NEAR_USDC-PERPETUAL
Aftermath Perps NEARUSD