Funding you earn now, next payment 09:00 UTC+0.0751%/8h= +82.3% APRnext payment +$0.94 per $10,000 · paid last 24h +0.162%
Price spread now: Phoenix against SoDEX+0.322%70s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and Phoenix is 0.322% dearer against SoDEX than usual: you sell high and buy low: +$32 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 70 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 | SoDEX NEAR-USD | 4.5005 | 0.0100 | pay 0.0013% / 1h | 9m 29s | $5K | $40K | 10x |
| Short | Phoenix NEAR | 4.5150 | 0.0851 | get 0.0106% / 1h | 9m 29s | $1.7M | $2.5M | 10x |
SoDEX NEAR-USD
Phoenix NEARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against SoDEX. 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
- $157.75
- Price spread: +0.322% → 0.000%
- $32.22
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $174.97
- Costs to cover
- 0.150%
- Break-even
- from the start
Slippage unknown: SoDEX: no order-book sample; Phoenix: live order book, 2 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 SoDEX no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 2 min ago | 0.89 bp | 11.7 bp −$12 | 27.7 bp −$277 | doesn't fit | doesn't fit |
SoDEX: 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 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya NEARRUSDPERP | −0.0171% | 1h | 4.4915 | −0.200% | $2K | — | 20x | as long as short |
| Kraken Futures PF_NEARUSD | −0.0141% | 1h | 4.4974 | −0.069% | $7.4M | $37.9M | 50x | as long as short |
| dYdX NEAR-USD | +0.0002% | 1h | 4.4950 | −0.122% | $110K | $53K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.4996 | −0.021% | $168K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −7.988% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.5040 | +0.078% | $124K | $522K | 50x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.5034 | +0.064% | $2.7M | $4.8M | 50x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.5020 | +0.033% | $273.8M | $1.10B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.5010 | +0.011% | $233.3M | $434.1M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.5000 | −0.011% | $64.4M | $309.8M | 50x | as long as short |
Reya NEARRUSDPERP
Kraken Futures PF_NEARUSD
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Aster NEARUSDT
Binance NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAPShow all 45 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus NEAR-USD | +0.0100% | 1h | 4.5080 | +0.167% | $227K | $1.4M | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.5102 | +0.216% | $269K | $12K | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.4965 | −0.089% | $39.8M | $63.6M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.4970 | −0.078% | $77.0M | $172.7M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.5010 | +0.011% | $53.4M | $45.3M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.4954 | −0.113% | $74.6M | $130.1M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.4980 | −0.056% | — | $77.9M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.4825 | −0.400% | $8.9M | $17.4M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.4863 | −0.316% | $265K | $868K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.4829 | −0.392% | $1.5M | $1.7M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.4850 | −0.344% | $167K | $827K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.4926 | −0.176% | $281K | $4.0M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.4961 | −0.098% | $58K | $269K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.5070 | +0.144% | $2K | $1.3M | 20x | as long as short |
| SoDEX NEAR-USDlong | +0.0100% | 1h | 4.5005 | long leg | $5K | $40K | 10x | |
| HTX NEAR-USDT | +0.0100% | 8h | 4.5010 | +0.011% | $467K | $3.9M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.5000 | −0.011% | $3.4M | $7.9M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0103% | 8h | 4.4949 | −0.124% | $32K | $51 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.4993 | −0.027% | $3.7M | $15.1M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.4943 | −0.137% | $209K | $38K | 3x | as long as short |
| Kalshi KXNEARPERP | +0.0104% | 8h | 4.4873 | −0.293% | $791K | $26.3M | 2.2x | as long as short |
| 01 Exchange NEARUSD | +0.0168% | 1h | 4.5033 | +0.062% | $13K | $5K | 10x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.4870 | −0.300% | $12.9M | $32.8M | 75x | as long as short |
| Hyperliquid NEAR | +0.0278% | 1h | 4.5024 | +0.043% | $363.2M | $317.5M | 10x | as long as short |
| Lighter NEAR | +0.0296% | 1h | 4.4999 | −0.012% | $17.6M | $23.9M | 15x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0341% / S −0.0235% | 1h | 4.4810 | −0.434% | $258K | — | 100x | as long as short |
| Nado NEAR-PERP | +0.0406% | 1h | 4.4984 | −0.047% | $1.7M | $3.2M | 10x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0520% | 1h | 4.4929 | −0.169% | $2.3M | $17.8M | 50x | as long as short |
| RISEx NEAR/USDC | +0.0569% | 1h | 4.4931 | −0.165% | $641K | $1.6M | 10x | as long as short |
| Lighter RH NEAR | +0.0640% | 1h | 4.5020 | +0.033% | $1.6M | $6.1M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0699% | 1h | 4.5047 | +0.093% | $1.1M | $7.0M | 20x | as long as short |
| Phoenix NEARshort | +0.0851% | 1h | 4.5150 | +0.322% | $1.7M | $2.5M | 10x | |
| Pacifica NEAR | +0.0883% | 1h | 4.4981 | −0.052% | $418K | $1.4M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1189% | 1h | 4.4998 | −0.015% | $6K | $7K | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.1218% | 1h | 4.5028 | +0.051% | $1.9M | $13.1M | 25x | as long as short |
Arcus NEAR-USD
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
HTX NEAR-USDT
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Extended NEAR-USD
Aevo NEAR-PERP
Kalshi KXNEARPERP
01 Exchange NEARUSD
BloFin NEAR-USDT
Hyperliquid NEAR
Lighter NEAR
GMX NEAR/USD [ETH-USDC]
Nado NEAR-PERP
Coinbase International NEAR-PERP-INTX
RISEx NEAR/USDC
Lighter RH NEAR
Backpack NEAR_USDC_PERP
Pacifica NEAR
Aftermath Perps NEARUSD
Deribit NEAR_USDC-PERPETUAL