Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%
Price spread now: Bybit against Phemex−0.228%7-day average −0.040% · you buy dearer than you sell
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$490.492% of the position
Funding, last 7 days+0.011%+$1 on $10k
+Price spread, last 3 days (all we have)−0.676%−$68 · spread now −0.228%, 7d avg −0.040%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.188% cheaper against Phemex than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of −0.040%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex NEARUSDT | 4.1280 | 0.0100 | pay 0.0100% / 8h | 3h 31m | $3.8M | $8.4M | 50x |
| Short | Bybit NEARUSDT | 4.1186 | 0.0100 | get 0.0100% / 8h | 3h 31m | $210.1M | $428.5M | 75x |
Phemex NEARUSDT
Bybit NEARUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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: −0.228% → −0.040%
- −$18.79
- Slippage, 4 orders
- −$26.15
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$67.94
- Costs to cover
- 0.492%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 3 min ago; Bybit: live order book, 3 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, 3 min ago | 2.43 bp | 20.0 bp −$20 | 51.4 bp −$514 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 1.22 bp | 8.9 bp −$9 | 13.4 bp −$134 | 34.7 bp −$3,473 | 142.1 bp −$71.0K |
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 | 4.1249 | −0.076% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.1246 | −0.083% | $104K | $54K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.1388 | +0.262% | $312K | $19.8M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.1254 | −0.063% | $200K | — | 150x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0008% | 1h | 4.1268 | −0.029% | $2.1M | $12.9M | 50x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0013% | 1h | 4.1335 | +0.133% | $7.2M | $35.0M | 50x | as long as short |
| Extended NEAR-USD | +0.0056% | 1h | 4.1206 | −0.180% | $3.6M | $14.6M | 25x | as long as short |
| Injective NEAR/USDC PERP | +0.0081% | 1h | 4.1150 | −0.315% | $574 | $186K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.1200 | −0.194% | $107K | $489K | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.1215 | −0.157% | $30K | $2K | 10x | as long as short |
Reya NEARRUSDPERP
dYdX NEAR-USD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
Coinbase International NEAR-PERP-INTX
Kraken Futures PF_NEARUSD
Extended NEAR-USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Paradex NEAR-USD-PERPShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster NEARUSDT | +0.0100% | 8h | 4.1287 | +0.017% | $2.8M | $5.8M | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.1255 | −0.062% | $421K | $1.1M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.1210 | −0.170% | $237.8M | $1.10B | 75x | as long as short |
| Bybit NEARUSDTshort | +0.0100% | 8h | 4.1186 | −0.228% | $210.1M | $428.5M | 75x | |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.1210 | −0.170% | $56.9M | $280.9M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.1260 | −0.048% | $306K | $1.6M | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.1230 | −0.121% | $29.6M | $56.6M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.1240 | −0.097% | $81.6M | $145.9M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.1280 | 0.000% | $56.0M | $46.2M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.1218 | −0.150% | $69.0M | $128.9M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.1210 | −0.170% | — | $135.2M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.1236 | −0.108% | $7.5M | $18.4M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.1300 | +0.047% | $259K | $1.3M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.1350 | +0.170% | $1.4M | $1.2M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.1330 | +0.121% | $179K | $792K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.1296 | +0.039% | $230K | $3.0M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.1275 | −0.012% | $52K | $179K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.1300 | +0.048% | $2K | $1.5M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.1295 | +0.036% | $5K | $46K | 10x | as long as short |
| Phemex NEARUSDTlong | +0.0100% | 8h | 4.1280 | long leg | $3.8M | $8.4M | 50x | |
| Bulk NEAR-USD | +0.0100% | 1h | 4.1350 | +0.170% | $236K | $6K | 10x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.1269 | −0.026% | $199K | $64K | 3x | as long as short |
| Lighter RH NEAR | +0.0176% | 1h | 4.1303 | +0.056% | $1.5M | $7.3M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0186% | 1h | 4.1298 | +0.044% | $1.8M | $2.0M | 25x | as long as short |
| 01 Exchange NEARUSD | +0.0208% | 1h | 4.1260 | −0.048% | $12K | $8K | 10x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.1320 | +0.097% | $12.4M | $33.2M | 75x | as long as short |
| RISEx NEAR/USDC | +0.0365% | 1h | 4.1248 | −0.078% | $392K | $1.2M | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0371% / S −0.0316% | 1h | 4.1245 | −0.085% | $272K | — | 100x | as long as short |
| Nado NEAR-PERP | +0.0399% | 1h | 4.1210 | −0.170% | $1.8M | $3.9M | 10x | as long as short |
| Phoenix NEAR | +0.0474% | 1h | 4.1297 | +0.041% | $1.7M | $2.8M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0565% | 1h | 4.1314 | +0.082% | $1.4M | $4.9M | 20x | as long as short |
| Lighter NEAR | +0.0968% | 1h | 4.1321 | +0.099% | $15.3M | $22.4M | 15x | as long as short |
| Aftermath Perps NEARUSD | +0.1147% | 1h | 4.1215 | −0.158% | $5K | $11K | 10x | as long as short |
| HTX NEAR-USDT | +0.1190% | 8h | 4.1370 | +0.218% | $442K | $3.9M | 75x | as long as short |
| Hyperliquid NEAR | +0.1360% | 1h | 4.1343 | +0.153% | $350.3M | $306.3M | 10x | as long as short |
Aster NEARUSDT
Pacifica NEAR
Binance NEARUSDT
OKX NEAR-USDT-SWAP
Arcus 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
SoDEX NEAR-USD
Bulk NEAR-USD
Aevo NEAR-PERP
Lighter RH NEAR
Deribit NEAR_USDC-PERPETUAL
01 Exchange NEARUSD
BloFin NEAR-USDT
RISEx NEAR/USDC
GMX NEAR/USD [ETH-USDC]
Nado NEAR-PERP
Phoenix NEAR
Backpack NEAR_USDC_PERP
Lighter NEAR
Aftermath Perps NEARUSD
HTX NEAR-USDT
Hyperliquid NEAR