NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0670%/8h= −73.4% APRnext payment −$0.84 per $10,000 · paid last 24h −0.237%

Price spread now: Reya against Phoenix−0.469%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Phoenix Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and Reya is 0.469% cheaper against Phoenix than usual: you would sell low and buy high (−$47 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix NEAR	4.3141	0.0499	pay 0.0062% / 1h	21m 30s	$1.8M	$2.7M	10x
Short	Reya NEARRUSDPERP	4.2939	−0.0171	pay 0.0021% / 1h	21m 30s	$2K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.469%Rate

Funding earned: −$140.74
Price spread: −0.469% → 0.000%: −$46.89
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Reya: 3 bp × 2 orders: −$6
Net: −$200.63
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Phoenix: live order book, 2 min ago; Reya: no order-book sample. Net counts fees only.

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, 2 min ago	3.23 bp	12.9 bp −$13	51.6 bp −$516	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 NEARRUSDPERPshort	−0.0171%	1h	4.2939	−0.469%	$2K	—	20x
Kraken Futures PF_NEARUSD	−0.0130%	1h	4.3176	+0.082%	$7.3M	$37.3M	50x	as long as short
Phemex NEARUSDT	−0.0119%	8h	4.3140	−0.002%	$3.8M	$8.5M	50x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.3167	+0.060%	$2.3M	$13.1M	50x	as long as short
01 Exchange NEARUSD	−0.0008%	1h	4.2970	−0.396%	$13K	$7K	10x	as long as short
Variational Omni NEAR	−0.0004%	8h	4.2668	−1.096%	$7.9M	$18.8M	—	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3008	−0.309%	$111K	$64K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3139	−0.005%	$378K	$19.3M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3201	+0.139%	$205K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.012%	$578	$302K	12x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex NEARUSDT	+0.0096%	1h	4.2990	−0.350%	$114K	$485K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0098%	8h	4.3191	+0.116%	$57K	$191K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0099%	8h	4.2999	−0.328%	$31K	$608	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.3107	−0.079%	$3.0M	$5.8M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.2979	−0.376%	$397K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2988	−0.355%	$256.2M	$1.06B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.2962	−0.415%	$218.0M	$417.7M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2950	−0.443%	$60.7M	$280.5M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3030	−0.257%	$197K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2789	−0.815%	$244K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2967	−0.403%	$30.9M	$60.1M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2930	−0.489%	$76.9M	$141.1M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3050	−0.211%	$56.2M	$43.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2952	−0.438%	$71.1M	$124.7M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3000	−0.327%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3061	−0.185%	$256K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3032	−0.252%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3070	−0.165%	$180K	$781K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2985	−0.362%	$192K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3260	+0.276%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3177	+0.083%	$5K	$52K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3260	+0.276%	$458K	$3.7M	75x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2983	−0.367%	$3.8M	$17.3M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3197	+0.130%	$201K	$28K	3x	as long as short
Hyperliquid NEAR	+0.0198%	1h	4.3116	−0.058%	$363.2M	$301.9M	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3130	−0.025%	$12.9M	$28.2M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0375% / S −0.0307%	1h	4.3200	+0.137%	$275K	—	100x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0398%	1h	4.3221	+0.185%	$1.9M	$3.6M	25x	as long as short
RISEx NEAR/USDC	+0.0428%	1h	4.3035	−0.247%	$404K	$1.2M	10x	as long as short
Lighter RH NEAR	+0.0432%	1h	4.3110	−0.072%	$1.6M	$7.0M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0462%	1h	4.3226	+0.197%	$1.3M	$5.9M	20x	as long as short
Nado NEAR-PERP	+0.0472%	1h	4.2993	−0.343%	$1.9M	$3.2M	10x	as long as short
Phoenix NEARlong	+0.0499%	1h	4.3141	long leg	$1.8M	$2.7M	10x
Aftermath Perps NEARUSD	+0.1366%	1h	4.2946	−0.452%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1912%	1h	4.3055	−0.200%	$17.2M	$24.6M	15x	as long as short