Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.005%
Price spread now: BingX against Phemex−0.067%7-day average −0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$75as in the Funding arb table
Net, price: spread back to 7d avg − costs−$77as in the Price arb table
costs, in and out, $10k−$730.732% of the position
Funding, last 7 days−0.014%−$1 on $10k
+Price spread, last 4 days (all we have)−0.254%−$25 · spread now −0.067%, 7d avg −0.026%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.041% cheaper against Phemex than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.026%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex NEARUSDT | 4.4790 | 0.0100 | pay 0.0100% / 8h | 5h 46m | $3.4M | $7.9M | 50x |
| Short | BingX NEAR-USDC | 4.4760 | 0.0100 | get 0.0100% / 8h | 5h 46m | — | $6.7M | — |
Phemex NEARUSDT
BingX NEAR-USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Phemex. 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
- $0
- Price spread: −0.067% → −0.026%
- −$4.14
- Slippage, 4 orders
- −$51.17
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$77.31
- Costs to cover
- 0.732%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 5 min ago; BingX: live order book, 9 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 Phemex live order book, 5 min ago | 3.34 bp | 28.4 bp −$28 | 64.8 bp −$648 | doesn't fit | doesn't fit |
| Sell BingX live order book, 9 min ago | 1.12 bp | 13.6 bp −$14 | 26.5 bp −$265 | 66.3 bp −$6,626 | 486.2 bp −$243.1K |
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 | −0.0236% | 1h | 4.4721 | −0.154% | $7.4M | $36.9M | 50x | as long as short |
| Reya NEARRUSDPERP | −0.0171% | 1h | 4.4779 | −0.025% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.4874 | +0.188% | $110K | $53K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.4844 | +0.121% | $842K | $26.1M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.4755 | −0.078% | $168K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −7.546% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.4840 | +0.112% | $123K | $503K | 50x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.4780 | −0.022% | $2.6M | $4.7M | 50x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.4773 | −0.038% | $271.6M | $1.08B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.4754 | −0.080% | $230.9M | $427.5M | 75x | as long as short |
Kraken Futures PF_NEARUSD
Reya NEARRUSDPERP
dYdX NEAR-USD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Aster NEARUSDT
Binance NEARUSDT
Bybit NEARUSDTShow all 45 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.4740 | −0.112% | $64.0M | $297.6M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.4950 | +0.357% | $268K | $12K | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.4759 | −0.069% | $39.8M | $62.1M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.4770 | −0.045% | $76.6M | $167.9M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.4800 | +0.022% | $53.2M | $43.8M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.4737 | −0.118% | $74.2M | $126.3M | 75x | as long as short |
| BingX NEAR-USDCshort | +0.0100% | 8h | 4.4760 | −0.067% | — | $6.7M | — | |
| Variational Omni NEAR | +0.0100% | 8h | 4.4874 | +0.187% | $8.9M | $16.4M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.4861 | +0.159% | $265K | $869K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.4860 | +0.156% | $1.5M | $1.7M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.4790 | 0.000% | $167K | $823K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.4847 | +0.127% | $278K | $4.0M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.4786 | −0.009% | $58K | $269K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.4950 | +0.357% | $2K | $1.3M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.4755 | −0.078% | $5K | $39K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.4860 | +0.156% | $465K | $3.7M | 75x | as long as short |
| Phemex NEARUSDTlong | +0.0100% | 8h | 4.4790 | long leg | $3.4M | $7.9M | 50x | |
| Paradex NEAR-USD-PERP | +0.0102% | 8h | 4.4869 | +0.176% | $33K | $245 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.4760 | −0.066% | $3.8M | $15.0M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.4749 | −0.091% | $208K | $38K | 3x | as long as short |
| Hyperliquid NEAR | +0.0191% | 1h | 4.4808 | +0.040% | $361.0M | $314.7M | 10x | as long as short |
| Nado NEAR-PERP | +0.0211% | 1h | 4.4845 | +0.123% | $1.8M | $3.1M | 10x | as long as short |
| 01 Exchange NEARUSD | +0.0216% | 1h | 4.4822 | +0.071% | $13K | $4K | 10x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.4750 | −0.089% | $12.8M | $32.4M | 75x | as long as short |
| Lighter NEAR | +0.0280% | 1h | 4.4792 | +0.004% | $17.5M | $23.3M | 15x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0341% / S −0.0226% | 1h | 4.4760 | −0.067% | $262K | — | 100x | as long as short |
| Arcus NEAR-USD | +0.0343% | 1h | 4.4870 | +0.179% | $227K | $1.4M | 10x | as long as short |
| Lighter RH NEAR | +0.0360% | 1h | 4.4803 | +0.029% | $1.6M | $5.8M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0443% | 1h | 4.4791 | +0.002% | $1.9M | $13.0M | 25x | as long as short |
| RISEx NEAR/USDC | +0.0489% | 1h | 4.4907 | +0.262% | $634K | $1.6M | 10x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0504% | 1h | 4.4815 | +0.056% | $2.3M | $17.6M | 50x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0641% | 1h | 4.4791 | +0.002% | $1.1M | $7.1M | 20x | as long as short |
| Phoenix NEAR | +0.0741% | 1h | 4.5070 | +0.625% | $1.7M | $2.7M | 10x | as long as short |
| Pacifica NEAR | +0.0851% | 1h | 4.4896 | +0.236% | $420K | $1.3M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1131% | 1h | 4.4863 | +0.163% | $6K | $6K | 10x | as long as short |
OKX NEAR-USDT-SWAP
Bulk NEAR-USD
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
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
Paradex NEAR-USD-PERP
Extended NEAR-USD
Aevo NEAR-PERP
Hyperliquid NEAR
Nado NEAR-PERP
01 Exchange NEARUSD
BloFin NEAR-USDT
Lighter NEAR
GMX NEAR/USD [ETH-USDC]
Arcus NEAR-USD
Lighter RH NEAR
Deribit NEAR_USDC-PERPETUAL
RISEx NEAR/USDC
Coinbase International NEAR-PERP-INTX
Backpack NEAR_USDC_PERP
Phoenix NEAR
Pacifica NEAR
Aftermath Perps NEARUSD