Funding you earn now, next payment 22:00 UTC−0.0438%/8h= −48.0% APRnext payment −$0.55 per $10,000 · paid last 24h −0.159%
Price spread now: Aevo against Phoenix+0.153%7-day average −0.180% · you sell dearer than you buy
Net, funding: paid 7d − costs−$156as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$860.861% of the position
Funding, last 7 days−0.696%−$70 on $10k
+Price spread, last 3 days (all we have)−0.289%−$29 · spread now +0.153%, 7d avg −0.180%
=The price spread pays, funding is against you. Aevo is 0.333% dearer against Phoenix than usual: you sell high and buy low (spread +0.153% now, against its 7-day average of −0.180%): +$33 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 2.5 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix NEAR | 4.1447 | 0.0542 | pay 0.0068% / 1h | 47m 15s | $1.7M | $2.7M | 10x |
| Short | Aevo NEAR-PERP | 4.1510 | 0.0104 | get 0.0013% / 1h | 47m 15s | $200K | $62K | 3x |
Phoenix NEAR
Aevo NEAR-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aevo against Phoenix. 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
- −$92.07
- Price spread: +0.153% → −0.180%
- $33.28
- Slippage, 4 orders
- −$63.1
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$144.9
- Costs to cover
- 0.861%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 1 min ago; Aevo: live order book, 37 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 Phoenix live order book, 1 min ago | 0.96 bp | 12.4 bp −$12 | 51.1 bp −$511 | doesn't fit | doesn't fit |
| Sell Aevo live order book, 37 min ago | 19.39 bp | 29.8 bp −$30 | doesn't fit | 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 | 4.1503 | +0.135% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0032% | 1h | 4.1492 | +0.109% | $2.1M | $12.6M | 50x | as long as short |
| Injective NEAR/USDC PERP | −0.0002% | 1h | 4.1410 | −0.089% | $578 | $302K | 12x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.1611 | +0.396% | $107K | $56K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.1543 | +0.232% | $435K | $18.3M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.1513 | +0.160% | $205K | — | 150x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0049% | 1h | 4.1530 | +0.200% | $7.5M | $36.8M | 50x | as long as short |
| 01 Exchange NEARUSD | +0.0072% | 1h | 4.1544 | +0.234% | $12K | $7K | 10x | as long as short |
| Lighter NEAR | +0.0096% | 1h | 4.1676 | +0.551% | $15.3M | $22.5M | 15x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.1530 | +0.200% | $111K | $483K | 50x | as long as short |
Reya NEARRUSDPERP
Coinbase International NEAR-PERP-INTX
Injective NEAR/USDC PERP
dYdX NEAR-USD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
Kraken Futures PF_NEARUSD
01 Exchange NEARUSD
Lighter NEAR
Popdex NEARUSDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_NEAR_USDC | +0.0099% | 8h | 4.1530 | +0.200% | $53K | $156K | 20x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.1609 | +0.390% | $30K | $647 | 10x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.1590 | +0.346% | $2.9M | $5.7M | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.1605 | +0.382% | $350K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.1523 | +0.184% | $236.7M | $1.08B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.1503 | +0.135% | $211.8M | $423.3M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.1510 | +0.152% | $56.8M | $274.7M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.1580 | +0.321% | $308K | $1.6M | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.1505 | +0.140% | $29.6M | $56.9M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.1510 | +0.152% | $81.8M | $141.0M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.1550 | +0.249% | $56.2M | $44.6M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.1489 | +0.101% | $68.9M | $125.8M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.1500 | +0.128% | — | $136.8M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.1461 | +0.035% | $7.7M | $18.6M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.1473 | +0.062% | $236K | $1.2M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.1500 | +0.129% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.1510 | +0.152% | $182K | $792K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.1554 | +0.258% | $197K | $3.1M | 10x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.1560 | +0.273% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.1509 | +0.150% | $5K | $46K | 10x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.1520 | +0.176% | $3.8M | $8.2M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.1450 | +0.007% | $236K | $4K | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.1489 | +0.101% | $3.8M | $14.7M | 25x | as long as short |
| Aevo NEAR-PERPshort | +0.0104% | 1h | 4.1510 | +0.153% | $200K | $62K | 3x | |
| Lighter RH NEAR | +0.0128% | 1h | 4.1632 | +0.446% | $1.4M | $6.9M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0208% | 1h | 4.1549 | +0.246% | $1.8M | $2.1M | 25x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.1460 | +0.031% | $12.2M | $33.4M | 75x | as long as short |
| Hyperliquid NEAR | +0.0334% | 1h | 4.1576 | +0.311% | $349.4M | $298.3M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0364% | 1h | 4.1559 | +0.271% | $411K | $1.2M | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0379% / S −0.0327% | 1h | 4.1503 | +0.134% | $279K | — | 100x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0472% | 1h | 4.1611 | +0.396% | $1.2M | $5.7M | 20x | as long as short |
| Nado NEAR-PERP | +0.0489% | 1h | 4.1513 | +0.160% | $1.8M | $3.5M | 10x | as long as short |
| Phoenix NEARlong | +0.0542% | 1h | 4.1447 | long leg | $1.7M | $2.7M | 10x | |
| Aftermath Perps NEARUSD | +0.0896% | 1h | 4.1464 | +0.041% | $5K | $11K | 10x | as long as short |
| HTX NEAR-USDT | +0.1016% | 8h | 4.1670 | +0.538% | $446K | $3.6M | 75x | as long as short |
Orderly PERP_NEAR_USDC
Paradex NEAR-USD-PERP
Aster NEARUSDT
Pacifica NEAR
Binance NEARUSDT
Bybit 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
SunX NEAR-USDT
SoDEX NEAR-USD
Phemex NEARUSDT
Bulk NEAR-USD
Extended NEAR-USD
Lighter RH NEAR
Deribit NEAR_USDC-PERPETUAL
BloFin NEAR-USDT
Hyperliquid NEAR
RISEx NEAR/USDC
GMX NEAR/USD [ETH-USDC]
Backpack NEAR_USDC_PERP
Nado NEAR-PERP
Aftermath Perps NEARUSD
HTX NEAR-USDT