Funding you earn now, next payment 07:00 UTC−0.0849%/8h= −93.0% APRpaid last 24h −0.164%
Price spread now: Gate against Phoenix−0.014%62s7-day average −0.218% · you buy dearer than you sell
Net, funding: paid 7d − costs−$132as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$550.549% of the position
Funding, last 7 days−0.776%−$78 on $10k
+Price spread, last 7 days−0.145%−$14 · spread now −0.014%, 7d avg −0.218%
=The price spread pays, funding is against you. Gate is 0.204% dearer against Phoenix than usual: you sell high and buy low (spread −0.014% now, against its 7-day average of −0.218%): +$20 on $10k if it goes back. Holding the pair costs −$25 a day in funding at the current rate, which eats that in about 19 hours. At the pace of the last 7 days (−0.776% in total) that is about 44 hours. The two prices were read 62 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 | 4.3782 | 0.0949 | pay 0.0119% / 1h | 8m 24s | $1.8M | $2.4M | 10x |
| Short | Gate NEAR_USDT | 4.3776 | 0.0100 | get 0.0100% / 8h | 8m 24s | $35.9M | $63.0M | 75x |
Phoenix NEAR
Gate NEAR_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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: −0.014% → −0.218%
- $20.44
- Slippage, 4 orders
- −$32.9
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$212.79
- Costs to cover
- 0.549%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 5 min ago; Gate: live order book, 6 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, 5 min ago | 0.92 bp | 12.3 bp −$12 | 51.4 bp −$514 | doesn't fit | doesn't fit |
| Sell Gate live order book, 6 min ago | 2.18 bp | 15.9 bp −$16 | 19.8 bp −$198 | 36.8 bp −$3,683 | 58.1 bp −$29.1K |
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 | 4.3770 | −0.027% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3751 | −0.071% | $108K | $68K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.3787 | +0.011% | $164K | — | 150x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0016% | 1h | 4.3682 | −0.228% | $7.3M | $38.6M | 50x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −5.418% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3810 | +0.064% | $113K | $498K | 50x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3797 | +0.034% | $221.3M | $428.6M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3790 | +0.018% | $61.4M | $296.8M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3750 | −0.073% | $249K | −$0 | 10x | as long as short |
| Gate NEAR_USDTshort | +0.0100% | 8h | 4.3776 | −0.014% | $35.9M | $63.0M | 75x |
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-USDShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3830 | +0.110% | $53.1M | $46.0M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3786 | +0.009% | $72.4M | $127.8M | 75x | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.3490 | −0.668% | $8.9M | $18.6M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3477 | −0.697% | $252K | $894K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3514 | −0.613% | $1.4M | $1.6M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3440 | −0.781% | $166K | $816K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3807 | +0.057% | $278K | $4.1M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.3815 | +0.075% | $58K | $235K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3740 | −0.096% | $2K | $1.3M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.3680 | −0.233% | $5K | $50K | 10x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3670 | −0.256% | $3.6M | $8.2M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.3762 | −0.047% | $32K | $585 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.3784 | +0.004% | $3.6M | $16.6M | 25x | as long as short |
| Aster NEARUSDT | +0.0119% | 8h | 4.3785 | +0.007% | $2.7M | $4.8M | 50x | as long as short |
| Aevo NEAR-PERP | +0.0120% | 1h | 4.3810 | +0.064% | $204K | $38K | 3x | as long as short |
| Hyperliquid NEAR | +0.0137% | 1h | 4.3823 | +0.094% | $353.8M | $315.5M | 10x | as long as short |
| MEXC NEAR_USDT | +0.0154% | 8h | 4.3780 | −0.005% | $90.8M | $154.2M | 200x | as long as short |
| HTX NEAR-USDT | +0.0155% | 8h | 4.3820 | +0.087% | $466K | $3.8M | 75x | as long as short |
| Binance NEARUSDT | +0.0155% | 8h | 4.3812 | +0.068% | $265.3M | $1.09B | 75x | as long as short |
| BingX NEAR-USDC | +0.0171% | 8h | 4.3800 | +0.041% | — | $6.6M | — | as long as short |
| Kalshi KXNEARPERP | +0.0173% | 8h | 4.3654 | −0.292% | $970K | $25.0M | 2.2x | as long as short |
| 01 Exchange NEARUSD | +0.0232% | 1h | 4.3855 | +0.167% | $13K | $7K | 10x | as long as short |
| BloFin NEAR-USDT | +0.0275% | 8h | 4.3680 | −0.233% | $13.3M | $32.2M | 75x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0341% / S −0.0240% | 1h | 4.3791 | +0.020% | $255K | — | 100x | as long as short |
| Nado NEAR-PERP | +0.0362% | 1h | 4.3761 | −0.049% | $1.7M | $3.2M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0461% | 1h | 4.3771 | −0.025% | $1.1M | $7.1M | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0488% | 1h | 4.3753 | −0.066% | $2.3M | $17.0M | 50x | as long as short |
| Lighter RH NEAR | +0.0488% | 1h | 4.3816 | +0.078% | $1.5M | $6.7M | 10x | as long as short |
| Lighter NEAR | +0.0536% | 1h | 4.3825 | +0.099% | $17.3M | $25.4M | 15x | as long as short |
| Arcus NEAR-USD | +0.0638% | 1h | 4.3810 | +0.064% | $229K | $1.5M | 10x | as long as short |
| Pacifica NEAR | +0.0949% | 1h | 4.3788 | +0.013% | $413K | $1.4M | 10x | as long as short |
| Phoenix NEARlong | +0.0949% | 1h | 4.3782 | long leg | $1.8M | $2.4M | 10x | |
| RISEx NEAR/USDC | +0.0965% | 1h | 4.3817 | +0.079% | $607K | $1.4M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.1079% | 1h | 4.3698 | −0.192% | $1.9M | $13.1M | 25x | as long as short |
| Aftermath Perps NEARUSD | +0.1100% | 1h | 4.3632 | −0.342% | $5K | $7K | 10x | as long as short |
KuCoin NEARUSDTM
Bitget NEARUSDT
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
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Extended NEAR-USD
Aster NEARUSDT
Aevo NEAR-PERP
Hyperliquid NEAR
MEXC NEAR_USDT
HTX NEAR-USDT
Binance NEARUSDT
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
Pacifica NEAR
RISEx NEAR/USDC
Deribit NEAR_USDC-PERPETUAL
Aftermath Perps NEARUSD