NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0935%/8h= −102.3% APRnext payment −$1.17 per $10,000 · paid last 24h −0.185%

Price spread now: gTrade (Gains Network) against Phoenix−1.322%63s7-day average −0.176% · 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—prices read too far apart to compare

costs, in and out, $10k−$2972.968% of the position

Long on Phoenix Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.528%−$53 on $10k

Price spread, last 4 days (all we have)+1.167%+$117 · spread now −1.322%, 7d avg −0.176%

Together, before fees+0.639%+$64 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$28 a day on $10k at the current rate, and gTrade (Gains Network) is 1.146% cheaper against Phoenix than usual: you would sell low and buy high (−$115 if the spread goes back to its 7-day average of −0.176%). Swap the legs. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix NEAR	4.3717	0.0941	pay 0.0118% / 1h	44m 23s	$1.8M	$2.8M	10x
Short	gTrade (Gains Network) NEAR/USD	4.3139	L +0.0004% / S −0.0006%	get 0.0001% / 1h	44m 23s	$162K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −1.322%Rate

Funding earned: −$196.26
Price spread: −1.322% → −0.176%: −$114.55
Slippage, 4 orders: −$279.81
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$607.63
Costs to cover: 2.968%
Break-even: never at this rate

Slippage from Phoenix: live order book, 9 min ago; gTrade (Gains Network): virtual book (oracle venue), 10 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, 9 min ago	0.92 bp	12.3 bp −$12	51.1 bp −$511	doesn't fit	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 10 min ago	130.02 bp	137.7 bp −$138	1007.8 bp −$10.1K	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	4.3195	−1.194%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3146	−1.307%	$106K	$69K	10x	as long as short
gTrade (Gains Network) NEAR/USDshort	L +0.0004% / S −0.0006%	1h	4.3139	−1.322%	$162K	—	150x
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.277%	$578	$301K	12x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0056%	1h	4.3101	−1.409%	$2.2M	$15.8M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3250	−1.068%	$107K	$502K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3210	−1.160%	$265.7M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3140	−1.320%	$215.4M	$427.5M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3210	−1.160%	$61.6M	$290.7M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3771	+0.124%	$249K	−$0	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NEAR_USDT	+0.0100%	8h	4.3190	−1.205%	$31.6M	$60.8M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3260	−1.045%	$73.5M	$144.4M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3250	−1.068%	$53.8M	$46.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3202	−1.178%	$70.9M	$128.9M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3170	−1.251%	—	$146.3M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3397	−0.731%	$8.4M	$18.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3444	−0.625%	$254K	$950K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3580	−0.313%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3430	−0.656%	$167K	$799K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3253	−1.061%	$260K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3186	−1.215%	$57K	$246K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3270	−1.022%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3130	−1.343%	$458K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3190	−1.205%	$3.7M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3194	−1.196%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3226	−1.124%	$201K	$40K	3x	as long as short
Kalshi KXNEARPERP	+0.0131%	8h	4.3220	−1.137%	$640K	$23.1M	2.2x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3260	−1.045%	$13.7M	$32.1M	75x	as long as short
Pacifica NEAR	+0.0263%	1h	4.3163	−1.268%	$410K	$1.2M	10x	as long as short
Aster NEARUSDT	+0.0306%	8h	4.3222	−1.131%	$2.9M	$5.6M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0320% / S −0.0194%	1h	4.3140	−1.319%	$231K	—	100x	as long as short
SoDEX NEAR-USD	+0.0404%	1h	4.3204	−1.173%	$8K	$52K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0477%	1h	4.3204	−1.173%	$1.3M	$6.5M	20x	as long as short
01 Exchange NEARUSD	+0.0520%	1h	4.3286	−0.986%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0575%	1h	4.3263	−1.038%	$355.2M	$319.9M	10x	as long as short
Arcus NEAR-USD	+0.0627%	1h	4.3290	−0.977%	$212K	$1.6M	10x	as long as short
Extended NEAR-USD	+0.0656%	1h	4.3213	−1.153%	$3.8M	$19.8M	25x	as long as short
Kraken Futures PF_NEARUSD	+0.0713%	1h	4.3212	−1.155%	$7.6M	$39.8M	50x	as long as short
Nado NEAR-PERP	+0.0729%	1h	4.3240	−1.091%	$1.8M	$3.1M	10x	as long as short
Lighter RH NEAR	+0.0928%	1h	4.3197	−1.189%	$1.5M	$7.4M	10x	as long as short
Phoenix NEARlong	+0.0941%	1h	4.3717	long leg	$1.8M	$2.8M	10x
RISEx NEAR/USDC	+0.1162%	1h	4.3293	−0.970%	$625K	$1.4M	10x	as long as short
Lighter NEAR	+0.1176%	1h	4.3243	−1.084%	$17.4M	$24.9M	15x	as long as short
Aftermath Perps NEARUSD	+0.1583%	1h	4.3419	−0.681%	$5K	$12K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.2368%	1h	4.3281	−0.997%	$1.9M	$8.7M	25x	as long as short