Funding you earn now, next payment 10:00 UTC+0.0641%/8h= +70.2% APRpaid last 24h +0.172%
Price spread now: Phoenix against Gate+0.189%7-day average +0.217% · you sell dearer than you buy
Net, funding: paid 7d − costs+$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$550.549% of the position
Funding, last 7 days+0.787%+$79 on $10k
+Price spread, last 7 days−0.051%−$5 · spread now +0.189%, 7d avg +0.217%
=Funding pays, the price is against you. Phoenix is 0.028% cheaper against Gate than usual: you would sell low and buy high (spread +0.189% now, against its 7-day average of +0.217%). If the spread goes back, that is −$3 on $10k: about 3 hours of funding at the current rate (+$19 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate NEAR_USDT | 4.4903 | 0.0100 | pay 0.0100% / 8h | 5h 07m | $40.8M | $63.6M | 75x |
| Short | Phoenix NEAR | 4.4988 | 0.0741 | get 0.0093% / 1h | 7m 32s | $1.7M | $2.7M | 10x |
Gate NEAR_USDT
Phoenix NEARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Gate. 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
- $134.66
- Price spread: +0.189% → +0.217%
- −$2.77
- Slippage, 4 orders
- −$32.95
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $76.95
- Costs to cover
- 0.549%
- Break-even
- 3.0 days
Slippage from Gate: live order book, 5 min ago; Phoenix: live order book, 4 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 Gate live order book, 5 min ago | 1.45 bp | 17.8 bp −$18 | 22.4 bp −$224 | 42.3 bp −$4,227 | 56.2 bp −$28.1K |
| Sell Phoenix live order book, 4 min ago | 1.11 bp | 11.9 bp −$12 | 28.8 bp −$288 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_NEARUSD | −0.0235% | 1h | 4.4912 | +0.019% | $7.3M | $37.0M | 50x | as long as short |
| Reya NEARRUSDPERP | −0.0171% | 1h | 4.4923 | +0.045% | $2K | — | 20x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.4909 | +0.013% | $905K | $26.4M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.4933 | +0.067% | $168K | — | 150x | as long as short |
| dYdX NEAR-USD | +0.0023% | 1h | 4.4898 | −0.011% | $110K | $53K | 10x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −7.779% | $578 | $301K | 12x | as long as short |
| 01 Exchange NEARUSD | +0.0080% | 1h | 4.4931 | +0.062% | $13K | $4K | 10x | as long as short |
| Lighter NEAR | +0.0096% | 1h | 4.4957 | +0.119% | $17.0M | $25.1M | 15x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.4910 | +0.016% | $124K | $505K | 50x | as long as short |
| Hyperliquid NEAR | +0.0100% | 1h | 4.4932 | +0.065% | $361.1M | $312.0M | 10x | as long as short |
Kraken Futures PF_NEARUSD
Reya NEARRUSDPERP
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
dYdX NEAR-USD
Injective NEAR/USDC PERP
01 Exchange NEARUSD
Lighter NEAR
Popdex NEARUSDT
Hyperliquid NEARShow all 45 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster NEARUSDT | +0.0100% | 8h | 4.4925 | +0.049% | $2.7M | $4.8M | 50x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.4926 | +0.050% | $270.9M | $1.08B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.4907 | +0.009% | $230.6M | $430.0M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.4890 | −0.029% | $64.0M | $301.2M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.4606 | −0.661% | $275K | $24K | 10x | as long as short |
| Gate NEAR_USDTlong | +0.0100% | 8h | 4.4903 | long leg | $40.8M | $63.6M | 75x | |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.4890 | −0.029% | $72.2M | $171.4M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.4940 | +0.082% | $54.9M | $44.1M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.4877 | −0.058% | $74.8M | $127.8M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.4920 | +0.038% | — | $74.4M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.4714 | −0.422% | $8.7M | $16.1M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.4888 | −0.034% | $266K | $862K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.4890 | −0.029% | $1.5M | $1.8M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.4850 | −0.118% | $168K | $808K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.4911 | +0.018% | $193K | $4.1M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.4968 | +0.145% | $56K | $273K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.5020 | +0.261% | $1K | $1.3M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.4945 | +0.094% | $5K | $34K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.5000 | +0.216% | $472K | $3.7M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.4940 | +0.082% | $3.4M | $8.2M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.4919 | +0.036% | $32K | $389 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.4896 | −0.016% | $3.7M | $15.0M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.4953 | +0.112% | $209K | $38K | 3x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0191% / S −0.0033% | 1h | 4.4745 | −0.352% | $241K | — | 100x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.4930 | +0.060% | $12.7M | $32.6M | 75x | as long as short |
| Lighter RH NEAR | +0.0240% | 1h | 4.4964 | +0.136% | $1.5M | $6.0M | 10x | as long as short |
| Nado NEAR-PERP | +0.0261% | 1h | 4.4900 | −0.007% | $1.8M | $3.1M | 10x | as long as short |
| Arcus NEAR-USD | +0.0343% | 1h | 4.4940 | +0.082% | $227K | $1.4M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0489% | 1h | 4.4926 | +0.051% | $650K | $1.6M | 10x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0504% | 1h | 4.5006 | +0.229% | $2.3M | $17.6M | 50x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0555% | 1h | 4.4944 | +0.091% | $1.1M | $7.1M | 20x | as long as short |
| Phoenix NEARshort | +0.0741% | 1h | 4.4988 | +0.189% | $1.7M | $2.7M | 10x | |
| Pacifica NEAR | +0.0851% | 1h | 4.4928 | +0.056% | $424K | $1.3M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.0919% | 1h | 4.4815 | −0.196% | $6K | $6K | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0974% | 1h | 4.5006 | +0.229% | $1.9M | $13.0M | 25x | as long as short |
Aster NEARUSDT
Binance NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Bulk NEAR-USD
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
SoDEX NEAR-USD
HTX NEAR-USDT
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Extended NEAR-USD
Aevo NEAR-PERP
GMX NEAR/USD [ETH-USDC]
BloFin NEAR-USDT
Lighter RH NEAR
Nado NEAR-PERP
Arcus NEAR-USD
RISEx NEAR/USDC
Coinbase International NEAR-PERP-INTX
Backpack NEAR_USDC_PERP
Pacifica NEAR
Aftermath Perps NEARUSD
Deribit NEAR_USDC-PERPETUAL