NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0970%/8h= −106.2% APRnext payment −$1.21 per $10,000 · paid last 24h −0.179%

Price spread now: Injective against Phoenix−6.121%7-day average +0.462% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Phoenix Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.728%−$73 on $10k

Price spread, last 4 days (all we have)+8.165%+$816 · spread now −6.121%, 7d avg +0.462%

Together, before fees+7.436%+$744 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$29 a day on $10k at the current rate, and Injective is 6.583% cheaper against Phoenix than usual: you would sell low and buy high (−$658 if the spread goes back to its 7-day average of +0.462%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix NEAR	4.4110	0.1003	pay 0.0125% / 1h	13m 16s	$1.8M	$2.5M	10x
Short	Injective NEAR/USDC PERP	4.1410	0.0033	get 0.0004% / 1h	13m 16s	$578	$301K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −6.121%Rate

Funding earned: −$203.68
Price spread: −6.121% → +0.462%: −$658.27
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$868.97
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Phoenix: live order book, 5 min ago; Injective: no order-book sample. Net counts fees only.

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	12.4 bp −$12	51.3 bp −$513	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	4.3841	−0.609%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3828	−0.639%	$108K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3817	−0.664%	$164K	—	150x	as long as short
Injective NEAR/USDC PERPshort	+0.0033%	1h	4.1410	−6.121%	$578	$301K	12x
Popdex NEARUSDT	+0.0096%	1h	4.3850	−0.589%	$111K	$485K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3763	−0.787%	$221.8M	$430.0M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3750	−0.816%	$61.8M	$292.8M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4150	+0.091%	$252K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3826	−0.644%	$35.6M	$62.2M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3850	−0.589%	$53.1M	$45.9M	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	4.3832	−0.630%	$72.5M	$127.9M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3847	−0.595%	$8.8M	$18.7M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3985	−0.283%	$257K	$919K	20x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4000	−0.249%	$166K	$804K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3871	−0.542%	$289K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3859	−0.569%	$58K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3910	−0.453%	$2K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3920	−0.431%	$459K	$3.8M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3840	−0.612%	$3.6M	$8.2M	50x	as long as short
GRVT NEAR_USDT_Perp	+0.0103%	8h	4.4010	−0.227%	$1.4M	$1.5M	10x	as long as short
Paradex NEAR-USD-PERP	+0.0104%	8h	4.3834	−0.627%	$32K	$585	10x	as long as short
Extended NEAR-USD	+0.0112%	1h	4.3817	−0.665%	$3.6M	$18.1M	25x	as long as short
SoDEX NEAR-USD	+0.0129%	1h	4.3820	−0.657%	$5K	$53K	10x	as long as short
Aevo NEAR-PERP	+0.0136%	1h	4.3855	−0.578%	$204K	$38K	3x	as long as short
BingX NEAR-USDT	+0.0202%	8h	4.3830	−0.635%	—	$144.0M	—	as long as short
MEXC NEAR_USDT	+0.0213%	8h	4.3880	−0.521%	$78.5M	$149.9M	200x	as long as short
Binance NEARUSDT	+0.0214%	8h	4.3800	−0.703%	$266.7M	$1.08B	75x	as long as short
Kalshi KXNEARPERP	+0.0233%	8h	4.3793	−0.719%	$1.0M	$24.9M	2.2x	as long as short
Aster NEARUSDT	+0.0287%	8h	4.3812	−0.674%	$2.8M	$4.8M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0314% / S −0.0200%	1h	4.3816	−0.667%	$234K	—	100x	as long as short
BloFin NEAR-USDT	+0.0334%	8h	4.3860	−0.567%	$13.5M	$32.4M	75x	as long as short
Backpack NEAR_USDC_PERP	+0.0413%	1h	4.3955	−0.351%	$1.3M	$6.9M	20x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0424%	1h	4.3988	−0.277%	$2.3M	$16.6M	50x	as long as short
01 Exchange NEARUSD	+0.0456%	1h	4.3869	−0.546%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0511%	1h	4.3902	−0.472%	$358.3M	$313.4M	10x	as long as short
Nado NEAR-PERP	+0.0539%	1h	4.3831	−0.631%	$1.7M	$3.2M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0666%	1h	4.3804	−0.693%	$7.2M	$38.2M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0754%	1h	4.3857	−0.574%	$1.9M	$13.0M	25x	as long as short
Lighter NEAR	+0.0784%	1h	4.3864	−0.559%	$17.2M	$25.3M	15x	as long as short
Arcus NEAR-USD	+0.0880%	1h	4.3870	−0.544%	$226K	$1.6M	10x	as long as short
Lighter RH NEAR	+0.0888%	1h	4.3870	−0.544%	$1.5M	$6.7M	10x	as long as short
Phoenix NEARlong	+0.1003%	1h	4.4110	long leg	$1.8M	$2.5M	10x
Pacifica NEAR	+0.1187%	1h	4.3856	−0.575%	$419K	$1.4M	10x	as long as short
RISEx NEAR/USDC	+0.1259%	1h	4.3861	−0.564%	$660K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1308%	1h	4.4021	−0.201%	$5K	$12K	10x	as long as short