Funding you earn now, next payment 10:00 UTC−0.0641%/8h= −70.2% APRpaid last 24h −0.036%
Price spread now: HTX against Phoenix+0.090%7-day average +0.055% · you sell dearer than you buy
Net, funding: paid 7d − costs−$95as in the Funding arb table
Net, price: spread back to 7d avg − costs−$73as in the Price arb table
costs, in and out, $10k−$760.763% of the position
Funding, last 7 days−0.189%−$19 on $10k
+Price spread, last 4 days (all we have)+0.072%+$7 · spread now +0.090%, 7d avg +0.055%
=The price spread pays, funding is against you. HTX is 0.035% dearer against Phoenix than usual: you sell high and buy low (spread +0.090% now, against its 7-day average of +0.055%): +$3 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 4 hours. At the pace of the last 7 days (−0.189% in total) that is about 31 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.189% in total (about -9.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix NEAR | 4.4450 | 0.0741 | pay 0.0093% / 1h | 26m 25s | $1.7M | $2.7M | 10x |
| Short | HTX NEAR-USDT | 4.4490 | 0.0100 | get 0.0100% / 8h | 5h 26m | $466K | $3.6M | 75x |
Phoenix NEAR
HTX NEAR-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- −$134.66
- Price spread: +0.090% → +0.055%
- $3.45
- Slippage, 4 orders
- −$57.26
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$207.47
- Costs to cover
- 0.763%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 5 min ago; HTX: live order book, 1 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 | 0.90 bp | 12.3 bp −$12 | 51.1 bp −$511 | doesn't fit | doesn't fit |
| Sell HTX live order book, 1 min ago | 6.76 bp | 23.7 bp −$24 | 42.5 bp −$425 | doesn't fit | doesn't fit |
NEAR on 45 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_NEARUSD | −0.0238% | 1h | 4.4385 | −0.147% | $7.3M | $36.9M | 50x | as long as short |
| Reya NEARRUSDPERP | −0.0171% | 1h | 4.4169 | −0.631% | $2K | — | 20x | as long as short |
| 01 Exchange NEARUSD | 0.0000% | 1h | 4.4196 | −0.571% | $13K | $4K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.4460 | +0.022% | $748K | $26.1M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.4466 | +0.036% | $167K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −6.839% | $578 | $301K | 12x | as long as short |
| dYdX NEAR-USD | +0.0036% | 1h | 4.4304 | −0.328% | $109K | $53K | 10x | as long as short |
| Lighter NEAR | +0.0096% | 1h | 4.4320 | −0.293% | $16.8M | $24.8M | 15x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.4200 | −0.562% | $122K | $503K | 50x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.4204 | −0.553% | $2.7M | $4.8M | 50x | as long as short |
Kraken Futures PF_NEARUSD
Reya NEARRUSDPERP
01 Exchange NEARUSD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
dYdX NEAR-USD
Lighter NEAR
Popdex NEARUSDT
Aster NEARUSDTShow all 45 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance NEARUSDT | +0.0100% | 8h | 4.4210 | −0.540% | $265.6M | $1.08B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.4193 | −0.578% | $227.1M | $429.0M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.4200 | −0.562% | $63.1M | $295.3M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.4213 | −0.534% | $263K | $14K | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.4187 | −0.592% | $39.6M | $62.8M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.4210 | −0.540% | $71.3M | $169.8M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.4210 | −0.540% | $53.8M | $44.0M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.4172 | −0.625% | $73.7M | $127.5M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.4210 | −0.540% | — | $75.2M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.4475 | +0.055% | $8.7M | $16.2M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.4388 | −0.139% | $263K | $862K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.4462 | +0.028% | $1.5M | $1.8M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.4380 | −0.157% | $165K | $808K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.4209 | −0.542% | $205K | $4.1M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.4193 | −0.578% | $55K | $273K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.4490 | +0.090% | $1K | $1.3M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.4408 | −0.094% | $5K | $34K | 10x | as long as short |
| HTX NEAR-USDTshort | +0.0100% | 8h | 4.4490 | +0.090% | $466K | $3.6M | 75x | |
| Phemex NEARUSDT | +0.0100% | 8h | 4.4430 | −0.045% | $3.5M | $8.2M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.4281 | −0.381% | $32K | $389 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.4250 | −0.450% | $3.7M | $15.0M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.4404 | −0.103% | $206K | $38K | 3x | as long as short |
| Hyperliquid NEAR | +0.0107% | 1h | 4.4221 | −0.515% | $355.6M | $313.7M | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0191% / S −0.0034% | 1h | 4.4403 | −0.107% | $239K | — | 100x | as long as short |
| Lighter RH NEAR | +0.0200% | 1h | 4.4357 | −0.209% | $1.5M | $5.9M | 10x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.4410 | −0.090% | $12.7M | $32.4M | 75x | as long as short |
| Nado NEAR-PERP | +0.0269% | 1h | 4.4172 | −0.625% | $1.7M | $3.1M | 10x | as long as short |
| Arcus NEAR-USD | +0.0343% | 1h | 4.4210 | −0.540% | $223K | $1.4M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0489% | 1h | 4.4193 | −0.578% | $636K | $1.6M | 10x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0504% | 1h | 4.4521 | +0.160% | $2.3M | $17.4M | 50x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0539% | 1h | 4.4432 | −0.040% | $1.1M | $7.1M | 20x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0673% | 1h | 4.4441 | −0.020% | $1.9M | $13.0M | 25x | as long as short |
| Phoenix NEARlong | +0.0741% | 1h | 4.4450 | long leg | $1.7M | $2.7M | 10x | |
| Pacifica NEAR | +0.0851% | 1h | 4.4346 | −0.234% | $416K | $1.3M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.0925% | 1h | 4.4443 | −0.016% | $6K | $6K | 10x | as long as short |
Binance NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Bulk 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
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
SoDEX NEAR-USD
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Extended NEAR-USD
Aevo NEAR-PERP
Hyperliquid NEAR
GMX NEAR/USD [ETH-USDC]
Lighter RH NEAR
BloFin NEAR-USDT
Nado NEAR-PERP
Arcus NEAR-USD
RISEx NEAR/USDC
Coinbase International NEAR-PERP-INTX
Backpack NEAR_USDC_PERP
Deribit NEAR_USDC-PERPETUAL
Pacifica NEAR
Aftermath Perps NEARUSD