Funding you earn now, next payment 22:00 UTC−0.0442%/8h= −48.4% APRpaid last 24h −0.165%
Price spread now: Variational Omni against Phoenix+0.035%84s7-day average −0.190% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.422%−$42 on $10k
+Price spread, last 7 days−0.238%−$24 · spread now +0.035%, 7d avg −0.190%
=Together, before fees−0.660%+ Points / potential airdropVariational Omni: Active · farm board−$66 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.225% dearer against Phoenix than usual: you sell high and buy low (spread +0.035% now, against its 7-day average of −0.190%): +$23 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 41 hours. The two prices were read 84 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 | 4.1447 | 0.0542 | pay 0.0068% / 1h | 45m 59s | $1.7M | $2.7M | 10x |
| Short | Variational Omni NEAR | 4.1461 | 0.0100 | get 0.0100% / 8h | 1h 45m | $7.7M | $18.6M | — |
Phoenix NEAR
Variational Omni NEARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$92.91
- Price spread: +0.035% → −0.190%
- $22.51
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$77.4
- Costs to cover
- 0.070%
- Break-even
- from the start
Slippage unknown: Phoenix: live order book, 3 min ago; Variational Omni: RFQ quote, 3 min ago. 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, 3 min ago | 0.96 bp | 12.4 bp −$12 | 51.1 bp −$511 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 3 min ago | 3.92 bp | doesn't fit | 11.1 bp −$111 | 36.6 bp −$3,659 | 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 | 4.1456 | +0.021% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0032% | 1h | 4.1481 | +0.082% | $2.1M | $12.6M | 50x | as long as short |
| Injective NEAR/USDC PERP | −0.0002% | 1h | 4.1410 | −0.089% | $578 | $302K | 12x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.1455 | +0.020% | $106K | $56K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.1516 | +0.166% | $441K | $18.3M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.1473 | +0.063% | $205K | — | 150x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0049% | 1h | 4.1575 | +0.310% | $7.5M | $36.8M | 50x | as long as short |
| 01 Exchange NEARUSD | +0.0072% | 1h | 4.1484 | +0.089% | $12K | $7K | 10x | as long as short |
| Lighter NEAR | +0.0096% | 1h | 4.1621 | +0.419% | $15.3M | $22.5M | 15x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.1470 | +0.055% | $111K | $483K | 50x | as long as short |
Reya NEARRUSDPERP
Coinbase International NEAR-PERP-INTX
Injective NEAR/USDC PERP
dYdX NEAR-USD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
Kraken Futures PF_NEARUSD
01 Exchange NEARUSD
Lighter NEAR
Popdex NEARUSDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_NEAR_USDC | +0.0099% | 8h | 4.1551 | +0.251% | $53K | $156K | 20x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.1485 | +0.091% | $30K | $647 | 10x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.1644 | +0.475% | $2.9M | $5.7M | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.1472 | +0.060% | $349K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.1617 | +0.410% | $238.2M | $1.07B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.1591 | +0.347% | $212.1M | $422.9M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.1590 | +0.345% | $56.9M | $275.0M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.1490 | +0.104% | $307K | $1.6M | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.1618 | +0.413% | $29.7M | $56.9M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.1620 | +0.417% | $81.9M | $141.0M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.1640 | +0.466% | $55.0M | $44.6M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.1604 | +0.379% | $69.1M | $125.8M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.1590 | +0.345% | — | $136.8M | — | as long as short |
| Variational Omni NEARshort | +0.0100% | 8h | 4.1461 | +0.035% | $7.7M | $18.6M | — | |
| edgeX NEARUSDC | +0.0100% | 4h | 4.1473 | +0.062% | $236K | $1.2M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.1500 | +0.129% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.1510 | +0.152% | $182K | $792K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.1503 | +0.135% | $196K | $3.1M | 10x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.1600 | +0.369% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.1540 | +0.224% | $5K | $46K | 10x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.1540 | +0.224% | $3.8M | $8.2M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.1450 | +0.007% | $236K | $4K | 10x | as long as short |
| Lighter RH NEAR | +0.0104% | 1h | 4.1595 | +0.357% | $1.4M | $6.9M | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.1601 | +0.371% | $3.8M | $14.6M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.1537 | +0.217% | $200K | $62K | 3x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.1500 | +0.128% | $12.3M | $33.4M | 75x | as long as short |
| Hyperliquid NEAR | +0.0319% | 1h | 4.1617 | +0.410% | $349.7M | $298.4M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0364% | 1h | 4.1484 | +0.089% | $411K | $1.2M | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0379% / S −0.0327% | 1h | 4.1474 | +0.064% | $279K | — | 100x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0448% | 1h | 4.1585 | +0.333% | $1.8M | $2.1M | 25x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0449% | 1h | 4.1606 | +0.384% | $1.2M | $5.7M | 20x | as long as short |
| Nado NEAR-PERP | +0.0516% | 1h | 4.1459 | +0.028% | $1.8M | $3.5M | 10x | as long as short |
| Phoenix NEARlong | +0.0542% | 1h | 4.1447 | long leg | $1.7M | $2.7M | 10x | |
| Aftermath Perps NEARUSD | +0.0910% | 1h | 4.1475 | +0.069% | $5K | $11K | 10x | as long as short |
| HTX NEAR-USDT | +0.1010% | 8h | 4.1610 | +0.393% | $446K | $3.6M | 75x | as long as short |
Orderly PERP_NEAR_USDC
Paradex NEAR-USD-PERP
Aster NEARUSDT
Pacifica NEAR
Binance NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Arcus NEAR-USD
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDT
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
SunX NEAR-USDT
SoDEX NEAR-USD
Phemex NEARUSDT
Bulk NEAR-USD
Lighter RH NEAR
Extended NEAR-USD
Aevo NEAR-PERP
BloFin NEAR-USDT
Hyperliquid NEAR
RISEx NEAR/USDC
GMX NEAR/USD [ETH-USDC]
Deribit NEAR_USDC-PERPETUAL
Backpack NEAR_USDC_PERP
Nado NEAR-PERP
Aftermath Perps NEARUSD
HTX NEAR-USDT