Funding you earn now, next payment 04:00 UTC+0.0841%/8h= +92.1% APRpaid last 24h +0.168%
Price spread now: Phoenix against Variational Omni+0.275%99s7-day average +0.190% · 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)+0.467%+$47 on $10k
+Price spread, last 7 days−0.055%−$6 · spread now +0.275%, 7d avg +0.190%
=Together, before fees+0.411%+ Points / potential airdropVariational Omni: Active · farm board+$41 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and Phoenix is 0.085% dearer against Variational Omni than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.190%. The two prices were read 99 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 | Variational Omni NEAR | 4.3497 | 0.0100 | pay 0.0100% / 8h | 3h 47m | $8.4M | $18.0M | — |
| Short | Phoenix NEAR | 4.3617 | 0.0941 | get 0.0118% / 1h | 47m 50s | $1.8M | $2.8M | 10x |
Variational Omni NEAR
Phoenix NEARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Variational Omni. 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
- $176.58
- Price spread: +0.275% → +0.190%
- $8.47
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $178.05
- Costs to cover
- 0.070%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Phoenix: live order book, 6 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 Variational Omni RFQ quote, 1 min ago | 3.86 bp | doesn't fit | 11.9 bp −$119 | 35.0 bp −$3,503 | doesn't fit |
| Sell Phoenix live order book, 6 min ago | 0.92 bp | 11.8 bp −$12 | 28.5 bp −$285 | 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 | 4.3558 | +0.139% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3569 | +0.164% | $107K | $69K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.3503 | +0.013% | $163K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −4.799% | $578 | $301K | 12x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0056% | 1h | 4.3594 | +0.222% | $2.3M | $15.9M | 50x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3570 | +0.167% | $108K | $501K | 50x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.3455 | −0.097% | $267.2M | $1.09B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3401 | −0.222% | $218.4M | $424.5M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3400 | −0.224% | $62.0M | $291.3M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3771 | +0.629% | $249K | −$0 | 10x | as long as short |
Reya NEARRUSDPERP
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Coinbase International NEAR-PERP-INTX
Popdex NEARUSDT
Binance NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Bulk NEAR-USDShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate NEAR_USDT | +0.0100% | 8h | 4.3461 | −0.084% | $31.8M | $60.5M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.3510 | +0.029% | $73.8M | $143.7M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3500 | +0.006% | $54.2M | $46.1M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3389 | −0.249% | $71.2M | $128.9M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.3400 | −0.224% | — | $146.1M | — | as long as short |
| Variational Omni NEARlong | +0.0100% | 8h | 4.3497 | long leg | $8.4M | $18.0M | — | |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3582 | +0.195% | $255K | $948K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3520 | +0.052% | $1.4M | $1.5M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3560 | +0.144% | $167K | $801K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3607 | +0.252% | $245K | $3.8M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.3543 | +0.105% | $56K | $245K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3670 | +0.397% | $2K | $1.4M | 20x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.3670 | +0.397% | $457K | $4.0M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3580 | +0.190% | $3.7M | $8.3M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.3575 | +0.177% | $31K | $608 | 10x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.3553 | +0.129% | $202K | $40K | 3x | as long as short |
| Kalshi KXNEARPERP | +0.0127% | 8h | 4.3589 | +0.211% | $581K | $22.7M | 2.2x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.3570 | +0.167% | $13.8M | $32.3M | 75x | as long as short |
| Pacifica NEAR | +0.0263% | 1h | 4.3621 | +0.284% | $414K | $1.2M | 10x | as long as short |
| Aster NEARUSDT | +0.0309% | 8h | 4.3510 | +0.029% | $2.9M | $5.6M | 50x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0319% / S −0.0191% | 1h | 4.3507 | +0.022% | $231K | — | 100x | as long as short |
| SoDEX NEAR-USD | +0.0394% | 1h | 4.3517 | +0.045% | $8K | $52K | 10x | as long as short |
| 01 Exchange NEARUSD | +0.0512% | 1h | 4.3597 | +0.229% | $13K | $7K | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0523% | 1h | 4.3533 | +0.082% | $1.4M | $6.5M | 20x | as long as short |
| Hyperliquid NEAR | +0.0589% | 1h | 4.3432 | −0.150% | $357.5M | $318.7M | 10x | as long as short |
| Arcus NEAR-USD | +0.0627% | 1h | 4.3610 | +0.259% | $214K | $1.6M | 10x | as long as short |
| Extended NEAR-USD | +0.0648% | 1h | 4.3452 | −0.104% | $3.9M | $19.7M | 25x | as long as short |
| Nado NEAR-PERP | +0.0681% | 1h | 4.3566 | +0.157% | $1.9M | $3.1M | 10x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0708% | 1h | 4.3530 | +0.075% | $7.7M | $39.7M | 50x | as long as short |
| Lighter RH NEAR | +0.0936% | 1h | 4.3595 | +0.224% | $1.5M | $7.3M | 10x | as long as short |
| Phoenix NEARshort | +0.0941% | 1h | 4.3617 | +0.275% | $1.8M | $2.8M | 10x | |
| Deribit NEAR_USDC-PERPETUAL | +0.0945% | 1h | 4.3554 | +0.130% | $1.9M | $8.2M | 25x | as long as short |
| RISEx NEAR/USDC | +0.1162% | 1h | 4.3617 | +0.274% | $596K | $1.4M | 10x | as long as short |
| Lighter NEAR | +0.1224% | 1h | 4.3604 | +0.244% | $17.6M | $24.8M | 15x | as long as short |
| Aftermath Perps NEARUSD | +0.1637% | 1h | 4.3606 | +0.251% | $5K | $12K | 10x | as long as short |
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
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
HTX NEAR-USDT
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Aevo NEAR-PERP
Kalshi KXNEARPERP
BloFin NEAR-USDT
Pacifica NEAR
Aster NEARUSDT
GMX NEAR/USD [ETH-USDC]
SoDEX NEAR-USD
01 Exchange NEARUSD
Backpack NEAR_USDC_PERP
Hyperliquid NEAR
Arcus NEAR-USD
Extended NEAR-USD
Nado NEAR-PERP
Kraken Futures PF_NEARUSD
Lighter RH NEAR
Deribit NEAR_USDC-PERPETUAL
RISEx NEAR/USDC
Lighter NEAR
Aftermath Perps NEARUSD