Funding you earn now, next payment 07:00 UTC−0.0849%/8h= −93.0% APRpaid last 24h −0.164%
Price spread now: edgeX against Phoenix−0.325%7-day average −0.210% · you buy dearer than you sell
Net, funding: paid 7d − costs−$126as in the Funding arb table
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$510.512% of the position
Funding, last 7 days−0.744%−$74 on $10k
+Price spread, last 7 days+0.146%+$15 · spread now −0.325%, 7d avg −0.210%
=Together, before fees−0.598%+ Points / potential airdropedgeX: Active · farm board−$60 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$25 a day on $10k at the current rate, and edgeX is 0.115% cheaper against Phoenix than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.210%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix NEAR | 4.3865 | 0.0949 | pay 0.0119% / 1h | 4m 36s | $1.8M | $2.4M | 10x |
| Short | edgeX NEARUSDC | 4.3722 | 0.0100 | get 0.0050% / 4h | 4m 36s | $253K | $896K | 20x |
Phoenix NEAR
edgeX NEARUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- −$178.32
- Price spread: −0.325% → −0.210%
- −$11.47
- Slippage, 4 orders
- −$35.2
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$241
- Costs to cover
- 0.512%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 4 min ago; edgeX: live order book, 24 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, 4 min ago | 0.91 bp | 12.2 bp −$12 | 51.0 bp −$510 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 24 min ago | 8.05 bp | 13.5 bp −$14 | 27.6 bp −$276 | 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 | 4.3591 | −0.625% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3586 | −0.636% | $107K | $68K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.3640 | −0.512% | $163K | — | 150x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0017% | 1h | 4.3642 | −0.508% | $7.2M | $38.6M | 50x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −5.597% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3590 | −0.627% | $114K | $499K | 50x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3549 | −0.720% | $220.1M | $429.6M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3520 | −0.787% | $61.5M | $295.6M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3750 | −0.262% | $249K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3572 | −0.668% | $35.9M | $63.2M | 75x | as long as short |
Reya NEARRUSDPERP
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Kraken Futures PF_NEARUSD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Bulk NEAR-USD
Gate NEAR_USDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3690 | −0.399% | $53.0M | $46.0M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3578 | −0.654% | $72.1M | $127.9M | 75x | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.3549 | −0.720% | $8.9M | $18.6M | — | as long as short |
| edgeX NEARUSDCshort | +0.0100% | 4h | 4.3722 | −0.325% | $253K | $896K | 20x | |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3681 | −0.419% | $1.4M | $1.6M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3680 | −0.422% | $167K | $816K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3608 | −0.586% | $274K | $4.1M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.3614 | −0.572% | $58K | $235K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3630 | −0.536% | $1K | $1.3M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.3626 | −0.545% | $5K | $50K | 10x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3650 | −0.490% | $3.5M | $8.2M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.3651 | −0.489% | $32K | $585 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.3578 | −0.655% | $3.6M | $16.5M | 25x | as long as short |
| Aster NEARUSDT | +0.0108% | 8h | 4.3610 | −0.581% | $2.7M | $4.8M | 50x | as long as short |
| Aevo NEAR-PERP | +0.0120% | 1h | 4.3631 | −0.534% | $203K | $38K | 3x | as long as short |
| Hyperliquid NEAR | +0.0139% | 1h | 4.3714 | −0.344% | $352.4M | $316.1M | 10x | as long as short |
| MEXC NEAR_USDT | +0.0146% | 8h | 4.3590 | −0.627% | $89.1M | $154.6M | 200x | as long as short |
| Binance NEARUSDT | +0.0146% | 8h | 4.3592 | −0.621% | $263.4M | $1.09B | 75x | as long as short |
| HTX NEAR-USDT | +0.0157% | 8h | 4.3670 | −0.445% | $465K | $3.8M | 75x | as long as short |
| BingX NEAR-USDC | +0.0162% | 8h | 4.3600 | −0.604% | — | $6.7M | — | as long as short |
| Kalshi KXNEARPERP | +0.0172% | 8h | 4.3557 | −0.702% | $951K | $25.1M | 2.2x | as long as short |
| 01 Exchange NEARUSD | +0.0232% | 1h | 4.3639 | −0.515% | $13K | $7K | 10x | as long as short |
| BloFin NEAR-USDT | +0.0266% | 8h | 4.3670 | −0.445% | $13.4M | $32.2M | 75x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0342% / S −0.0241% | 1h | 4.3646 | −0.498% | $254K | — | 100x | as long as short |
| Nado NEAR-PERP | +0.0365% | 1h | 4.3534 | −0.755% | $1.6M | $3.2M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0468% | 1h | 4.3716 | −0.340% | $1.1M | $7.2M | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0488% | 1h | 4.3572 | −0.668% | $2.3M | $17.0M | 50x | as long as short |
| Lighter RH NEAR | +0.0496% | 1h | 4.3653 | −0.483% | $1.5M | $6.8M | 10x | as long as short |
| Lighter NEAR | +0.0544% | 1h | 4.3637 | −0.520% | $17.2M | $25.4M | 15x | as long as short |
| Arcus NEAR-USD | +0.0638% | 1h | 4.3620 | −0.559% | $228K | $1.5M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0828% | 1h | 4.3643 | −0.506% | $1.9M | $13.1M | 25x | as long as short |
| Pacifica NEAR | +0.0949% | 1h | 4.3643 | −0.506% | $411K | $1.4M | 10x | as long as short |
| Phoenix NEARlong | +0.0949% | 1h | 4.3865 | long leg | $1.8M | $2.4M | 10x | |
| RISEx NEAR/USDC | +0.0965% | 1h | 4.3615 | −0.571% | $605K | $1.4M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1124% | 1h | 4.3620 | −0.559% | $5K | $7K | 10x | as long as short |
KuCoin NEARUSDTM
Bitget NEARUSDT
Variational Omni NEAR
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
SoDEX NEAR-USD
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Extended NEAR-USD
Aster NEARUSDT
Aevo NEAR-PERP
Hyperliquid NEAR
MEXC NEAR_USDT
Binance NEARUSDT
HTX NEAR-USDT
BingX NEAR-USDC
Kalshi KXNEARPERP
01 Exchange NEARUSD
BloFin NEAR-USDT
GMX NEAR/USD [ETH-USDC]
Nado NEAR-PERP
Backpack NEAR_USDC_PERP
Coinbase International NEAR-PERP-INTX
Lighter RH NEAR
Lighter NEAR
Arcus NEAR-USD
Deribit NEAR_USDC-PERPETUAL
Pacifica NEAR
RISEx NEAR/USDC
Aftermath Perps NEARUSD