NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0492%/8h= +53.9% APRnext payment +$0.62 per $10,000 · paid last 24h +0.147%

Price spread now: Phoenix against Pacifica−0.172%107s7-day average +0.182% · you buy dearer than you sell

Net, funding: paid 7d − costs+$19as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$480.478% of the position

Long on Pacifica Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.668%+$67 on $10k

Price spread, last 4 days (all we have)+0.849%+$85 · spread now −0.172%, 7d avg +0.182%

Together, before fees+1.517%+ Points / potential airdropPacifica: Active · farm board+$152 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phoenix is 0.354% cheaper against Pacifica than usual: you would sell low and buy high (spread −0.172% now, against its 7-day average of +0.182%). If the spread goes back, that is −$35 on $10k: about 2.4 days of funding at the current rate (+$15 a day). The two prices were read 107 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	Pacifica NEAR	4.3659	0.0100	pay 0.0013% / 1h	55m 40s	$412K	$1.2M	10x
Short	Phoenix NEAR	4.3584	0.0592	get 0.0074% / 1h	55m 40s	$1.8M	$2.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Pacifica. 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 PacificabpFee PhoenixbpOrdersPrice spread, now −0.172%Rate

Funding earned: $103.36
Price spread: −0.172% → +0.182%: −$35.41
Slippage, 4 orders: −$32.78
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $20.17
Costs to cover: 0.478%
Break-even: 5.6 days

Slippage from Pacifica: live order book, 3 min ago; Phoenix: live order book, 8 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 Pacifica live order book, 3 min ago	2.52 bp	15.1 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell Phoenix live order book, 8 min ago	0.92 bp	11.8 bp −$12	27.3 bp −$273	doesn't fit	doesn't fit

NEAR on 44 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	4.3791	+0.301%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.3736	+0.176%	$2.2M	$14.2M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3618	−0.094%	$108K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3745	+0.197%	$546K	$19.3M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3753	+0.216%	$198K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.151%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3620	−0.090%	$114K	$488K	50x	as long as short
Pacifica NEARlong	+0.0100%	1h	4.3659	long leg	$412K	$1.2M	10x
Binance NEARUSDT	+0.0100%	8h	4.3645	−0.032%	$264.8M	$1.07B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3599	−0.138%	$220.1M	$416.5M	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3560	−0.227%	$62.1M	$287.6M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3657	−0.005%	$249K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3645	−0.032%	$31.4M	$61.5M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3620	−0.090%	$76.1M	$139.4M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3660	+0.002%	$54.0M	$43.8M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3648	−0.025%	$71.7M	$126.0M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3670	+0.025%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3808	+0.341%	$8.4M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3645	−0.032%	$267K	$993K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3657	−0.005%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3610	−0.112%	$194K	$777K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3822	+0.373%	$203K	$3.6M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3805	+0.334%	$60K	$190K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3850	+0.437%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3795	+0.311%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3910	+0.575%	$458K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3710	+0.117%	$3.8M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3651	−0.017%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3650	−0.021%	$3.8M	$18.6M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3800	+0.323%	$204K	$34K	3x	as long as short
Aster NEARUSDT	+0.0189%	8h	4.3680	+0.048%	$3.0M	$5.5M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0348% / S −0.0243%	1h	4.3803	+0.331%	$256K	—	100x	as long as short
Nado NEAR-PERP	+0.0353%	1h	4.3780	+0.277%	$1.9M	$3.1M	10x	as long as short
01 Exchange NEARUSD	+0.0408%	1h	4.3659	0.000%	$13K	$7K	10x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.3680	+0.048%	$208K	$1.7M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0526%	1h	4.3821	+0.371%	$1.9M	$4.3M	25x	as long as short
Phoenix NEARshort	+0.0592%	1h	4.3584	−0.172%	$1.8M	$2.5M	10x
Backpack NEAR_USDC_PERP	+0.0594%	1h	4.3744	+0.195%	$1.4M	$6.4M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0703%	1h	4.3820	+0.368%	$8.2M	$41.1M	50x	as long as short
Hyperliquid NEAR	+0.0753%	1h	4.3734	+0.172%	$368.2M	$306.3M	10x	as long as short
Lighter RH NEAR	+0.0784%	1h	4.3724	+0.149%	$1.6M	$6.9M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.3664	+0.011%	$550K	$1.3M	10x	as long as short
Lighter NEAR	+0.0944%	1h	4.3713	+0.124%	$17.5M	$25.5M	15x	as long as short
Aftermath Perps NEARUSD	+0.1680%	1h	4.3705	+0.104%	$5K	$12K	10x	as long as short