Funding you earn now, next payment 03:00 UTC−0.0694%/8h= −76.0% APRnext payment −$0.87 per $10,000 · paid last 24h −0.156%
Price spread now: Polymarket Perps against Phoenix−0.093%59s7-day average −0.174% · you buy dearer than you sell
Net, funding: paid 7d − costs−$113as 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−$390.387% of the position
Funding, last 7 days−0.739%−$74 on $10k
+Price spread, last 7 days−0.068%−$7 · spread now −0.093%, 7d avg −0.174%
=The price spread pays, funding is against you. Polymarket Perps is 0.082% dearer against Phoenix than usual: you sell high and buy low (spread −0.093% now, against its 7-day average of −0.174%): +$8 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 9 hours. The two prices were read 59 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 | 4.4173 | 0.0794 | pay 0.0099% / 1h | 12m 19s | $1.8M | $2.8M | 10x |
| Short | Polymarket Perps NEAR-USD | 4.4132 | 0.0100 | get 0.0013% / 1h | 12m 19s | $244K | $3.9M | 10x |
Phoenix NEAR
Polymarket Perps NEAR-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- −$145.71
- Price spread: −0.093% → −0.174%
- $8.16
- Slippage, 4 orders
- −$23.71
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$176.27
- Costs to cover
- 0.387%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 1 min ago; Polymarket Perps: live order book, 2 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 | 0.90 bp | 12.4 bp −$12 | 51.2 bp −$512 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 2 min ago | 1.81 bp | 6.0 bp −$6 | 8.6 bp −$86 | 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 | 4.4071 | −0.231% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0008% | 1h | 4.4141 | −0.072% | $2.2M | $15.5M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.4159 | −0.033% | $109K | $70K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.4187 | +0.032% | $620K | $22.3M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.4078 | −0.214% | $165K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −6.255% | $578 | $302K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.4150 | −0.052% | $113K | $517K | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.4188 | +0.035% | $420K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.4140 | −0.075% | $271.5M | $1.10B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.4064 | −0.247% | $221.9M | $424.2M | 75x | as long as short |
Reya NEARRUSDPERP
Coinbase International NEAR-PERP-INTX
dYdX NEAR-USD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Pacifica NEAR
Binance NEARUSDT
Bybit NEARUSDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.4060 | −0.256% | $63.0M | $297.9M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.4054 | −0.269% | $251K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.4077 | −0.217% | $32.1M | $64.2M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.4140 | −0.075% | $74.9M | $150.1M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.4120 | −0.120% | $54.9M | $46.2M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.4070 | −0.233% | $72.4M | $130.0M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.4090 | −0.188% | — | $147.3M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.4137 | −0.081% | $8.6M | $18.1M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.4159 | −0.032% | $265K | $980K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.4070 | −0.233% | $1.5M | $1.5M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.4090 | −0.188% | $170K | $801K | 50x | as long as short |
| Polymarket Perps NEAR-USDshort | +0.0100% | 1h | 4.4132 | −0.093% | $244K | $3.9M | 10x | |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.4109 | −0.145% | $56K | $227K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.4340 | +0.378% | $1K | $1.4M | 20x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.4240 | +0.152% | $458K | $4.0M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.4170 | −0.007% | $3.8M | $8.4M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.4154 | −0.042% | $32K | $608 | 10x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.4130 | −0.098% | $205K | $40K | 3x | as long as short |
| SoDEX NEAR-USD | +0.0172% | 1h | 4.4145 | −0.063% | $8K | $52K | 10x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.4170 | −0.007% | $13.8M | $32.8M | 75x | as long as short |
| Aster NEARUSDT | +0.0307% | 8h | 4.4143 | −0.068% | $3.0M | $5.5M | 50x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0321% / S −0.0190% | 1h | 4.4080 | −0.210% | $234K | — | 100x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0335% | 1h | 4.4153 | −0.045% | $1.3M | $6.5M | 20x | as long as short |
| 01 Exchange NEARUSD | +0.0344% | 1h | 4.4205 | +0.072% | $13K | $7K | 10x | as long as short |
| Hyperliquid NEAR | +0.0377% | 1h | 4.4163 | −0.023% | $364.3M | $325.0M | 10x | as long as short |
| Extended NEAR-USD | +0.0432% | 1h | 4.4100 | −0.166% | $3.9M | $19.6M | 25x | as long as short |
| Nado NEAR-PERP | +0.0549% | 1h | 4.4065 | −0.245% | $1.9M | $3.1M | 10x | as long as short |
| Arcus NEAR-USD | +0.0581% | 1h | 4.4190 | +0.038% | $218K | $1.8M | 10x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0588% | 1h | 4.4160 | −0.028% | $8.1M | $39.7M | 50x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0612% | 1h | 4.4110 | −0.143% | $2.0M | $7.3M | 25x | as long as short |
| Lighter RH NEAR | +0.0680% | 1h | 4.4237 | +0.145% | $1.5M | $7.2M | 10x | as long as short |
| Phoenix NEARlong | +0.0794% | 1h | 4.4173 | long leg | $1.8M | $2.8M | 10x | |
| RISEx NEAR/USDC | +0.0926% | 1h | 4.4197 | +0.055% | $592K | $1.4M | 10x | as long as short |
| Lighter NEAR | +0.0968% | 1h | 4.4258 | +0.194% | $17.8M | $26.5M | 15x | as long as short |
| Aftermath Perps NEARUSD | +0.1577% | 1h | 4.4148 | −0.057% | $5K | $12K | 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
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
HTX NEAR-USDT
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Aevo NEAR-PERP
SoDEX NEAR-USD
BloFin NEAR-USDT
Aster NEARUSDT
GMX NEAR/USD [ETH-USDC]
Backpack NEAR_USDC_PERP
01 Exchange NEARUSD
Hyperliquid NEAR
Extended NEAR-USD
Nado NEAR-PERP
Arcus NEAR-USD
Kraken Futures PF_NEARUSD
Deribit NEAR_USDC-PERPETUAL
Lighter RH NEAR
RISEx NEAR/USDC
Lighter NEAR
Aftermath Perps NEARUSD