NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0219%/8h= −24.0% APRnext payment −$0.27 per $10,000 · paid last 24h −0.067%

Price spread now: Arcus against Phoenix−0.276%7-day average −0.167% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$340.343% of the position

Long on Phoenix Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.135%−$13 on $10k

Price spread, last 7 days+0.085%+$9 · spread now −0.276%, 7d avg −0.167%

Together, before fees−0.050%−$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Arcus is 0.109% cheaper against Phoenix than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.167%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix NEAR	4.4593	0.1033	pay 0.0129% / 1h	1m 03s	$1.8M	$2.5M	10x
Short	Arcus NEAR-USD	4.4470	0.0814	get 0.0102% / 1h	1m 03s	$223K	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Phoenix. 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 PhoenixbpFee ArcusbpOrdersPrice spread, now −0.276%Rate

Funding earned: −$46.02
Price spread: −0.276% → −0.167%: −$10.87
Slippage, 4 orders: −$22.79
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$91.18
Costs to cover: 0.343%
Break-even: never at this rate

Slippage from Phoenix: live order book, 2 min ago; Arcus: 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 Phoenix live order book, 2 min ago	0.90 bp	12.3 bp −$12	50.8 bp −$508	doesn't fit	doesn't fit
Sell Arcus live order book, 3 min ago	2.26 bp	4.5 bp −$5	9.4 bp −$94	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	4.4397	−0.439%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4367	−0.508%	$109K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4376	−0.486%	$167K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.138%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4390	−0.455%	$113K	$501K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4260	−0.747%	$222.8M	$422.3M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4270	−0.724%	$62.6M	$295.4M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4419	−0.389%	$253K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4286	−0.688%	$33.9M	$61.4M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4320	−0.612%	$53.4M	$46.0M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NEARUSDT	+0.0100%	8h	4.4261	−0.745%	$73.0M	$127.0M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4197	−0.887%	$8.9M	$18.4M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4253	−0.761%	$258K	$966K	20x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4433	−0.359%	$273K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4425	−0.377%	$58K	$243K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4490	−0.231%	$1K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4540	−0.119%	$461K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4300	−0.657%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.4402	−0.429%	$32K	$608	10x	as long as short
GRVT NEAR_USDT_Perp	+0.0116%	8h	4.4341	−0.564%	$1.5M	$1.5M	10x	as long as short
Aevo NEAR-PERP	+0.0120%	1h	4.4445	−0.332%	$207K	$40K	3x	as long as short
BingX NEAR-USDC	+0.0130%	8h	4.4290	−0.679%	—	$6.7M	—	as long as short
MEXC NEAR_USDT	+0.0146%	8h	4.4340	−0.567%	$84.8M	$147.0M	200x	as long as short
Binance NEARUSDT	+0.0153%	8h	4.4320	−0.612%	$268.8M	$1.09B	75x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0256%	1h	4.4419	−0.390%	$2.3M	$16.4M	50x	as long as short
BloFin NEAR-USDT	+0.0273%	8h	4.4370	−0.500%	$13.4M	$32.8M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0315% / S −0.0201%	1h	4.4381	−0.476%	$238K	—	100x	as long as short
Kalshi KXNEARPERP	+0.0315%	8h	4.4412	−0.406%	$1.1M	$24.6M	2.2x	as long as short
Aster NEARUSDT	+0.0345%	8h	4.4310	−0.635%	$2.9M	$5.1M	50x	as long as short
Nado NEAR-PERP	+0.0387%	1h	4.4389	−0.459%	$1.7M	$3.2M	10x	as long as short
Extended NEAR-USD	+0.0440%	1h	4.4258	−0.751%	$3.7M	$19.2M	25x	as long as short
ApeX Omni NEARUSDT	+0.0450%	1h	4.4150	−0.993%	$167K	$803K	50x	as long as short
SoDEX NEAR-USD	+0.0490%	1h	4.4405	−0.422%	$5K	$52K	10x	as long as short
Hyperliquid NEAR	+0.0688%	1h	4.4344	−0.558%	$364.9M	$311.9M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0700%	1h	4.4315	−0.623%	$1.3M	$6.5M	20x	as long as short
01 Exchange NEARUSD	+0.0704%	1h	4.4468	−0.280%	$13K	$7K	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0712%	1h	4.4389	−0.458%	$7.4M	$39.1M	50x	as long as short
Arcus NEAR-USDshort	+0.0814%	1h	4.4470	−0.276%	$223K	$1.6M	10x
Pacifica NEAR	+0.0847%	1h	4.4422	−0.383%	$407K	$1.4M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0876%	1h	4.4442	−0.339%	$2.0M	$12.1M	25x	as long as short
Lighter NEAR	+0.0928%	1h	4.4415	−0.400%	$17.4M	$25.3M	15x	as long as short
Phoenix NEARlong	+0.1033%	1h	4.4593	long leg	$1.8M	$2.5M	10x
Lighter RH NEAR	+0.1104%	1h	4.4369	−0.502%	$1.5M	$7.5M	10x	as long as short
RISEx NEAR/USDC	+0.1220%	1h	4.4449	−0.323%	$691K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1256%	1h	4.4124	−1.053%	$5K	$12K	10x	as long as short