Funding you earn now, next payment 00:00 UTC−0.0401%/8h= −43.9% APRpaid last 24h −0.156%
Price spread now: Orderly against Phoenix−0.303%66s7-day average −0.176% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.748%−$75 on $10k
+Price spread, last 3 days (all we have)+0.127%+$13 · spread now −0.303%, 7d avg −0.176%
=Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Orderly is 0.128% cheaper against Phoenix than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.176%). Swap the legs. The two prices were read 66 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 | 4.3218 | 0.0499 | pay 0.0062% / 1h | 1m 35s | $1.8M | $2.7M | 10x |
| Short | Orderly PERP_NEAR_USDC | 4.3087 | 0.0098 | get 0.0098% / 8h | 7h 01m | $57K | $162K | 20x |
Phoenix NEAR
Orderly PERP_NEAR_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$84.18
- Price spread: −0.303% → −0.176%
- −$12.76
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$109.93
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 7 min ago; Orderly: 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, 7 min ago | 0.92 bp | 12.4 bp −$12 | 51.1 bp −$511 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | 4.3058 | −0.370% | $2K | — | 20x | as long as short |
| Kraken Futures PF_NEARUSD | −0.0131% | 1h | 4.3095 | −0.285% | $7.9M | $38.0M | 50x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0096% | 1h | 4.3074 | −0.333% | $2.1M | $13.2M | 50x | as long as short |
| Phemex NEARUSDT | −0.0043% | 8h | 4.3070 | −0.342% | $3.8M | $8.4M | 50x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.3077 | −0.326% | $380K | $18.7M | 2.2x | as long as short |
| dYdX NEAR-USD | +0.0004% | 1h | 4.3117 | −0.233% | $112K | $64K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.3050 | −0.388% | $157K | — | 150x | as long as short |
| Variational Omni NEAR | +0.0010% | 8h | 4.3057 | −0.372% | $8.2M | $18.8M | — | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −4.183% | $578 | $302K | 12x | as long as short |
| 01 Exchange NEARUSD | +0.0056% | 1h | 4.3120 | −0.227% | $13K | $7K | 10x | as long as short |
Reya NEARRUSDPERP
Kraken Futures PF_NEARUSD
Coinbase International NEAR-PERP-INTX
Phemex NEARUSDT
Kalshi KXNEARPERP
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Variational Omni NEAR
Injective NEAR/USDC PERP
01 Exchange NEARUSDShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex NEARUSDT | +0.0096% | 1h | 4.3070 | −0.342% | $115K | $473K | 50x | as long as short |
| Orderly PERP_NEAR_USDCshort | +0.0098% | 8h | 4.3087 | −0.303% | $57K | $162K | 20x | |
| Aster NEARUSDT | +0.0100% | 8h | 4.3121 | −0.225% | $3.0M | $5.8M | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.3108 | −0.255% | $401K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.3090 | −0.296% | $257.3M | $1.05B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3050 | −0.389% | $220.4M | $416.0M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3080 | −0.319% | $61.0M | $275.9M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.3110 | −0.250% | $204K | $1.7M | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3243 | +0.057% | $246K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3071 | −0.340% | $30.9M | $61.4M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.3090 | −0.296% | $74.3M | $142.2M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3100 | −0.273% | $55.8M | $42.6M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3070 | −0.342% | $71.3M | $122.3M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.3080 | −0.319% | — | $6.6M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3202 | −0.037% | $257K | $1.1M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3356 | +0.319% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3200 | −0.042% | $177K | $777K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3105 | −0.261% | $202K | $3.4M | 10x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3150 | −0.157% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.3065 | −0.354% | $5K | $51K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.3200 | −0.042% | $455K | $3.6M | 75x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.3080 | −0.319% | $31K | $608 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.3045 | −0.400% | $3.8M | $17.3M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.3059 | −0.367% | $200K | $31K | 3x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.3140 | −0.180% | $13.2M | $27.6M | 75x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0238% | 1h | 4.3076 | −0.329% | $1.9M | $3.9M | 25x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0376% / S −0.0308% | 1h | 4.3044 | −0.403% | $275K | — | 100x | as long as short |
| Nado NEAR-PERP | +0.0422% | 1h | 4.3090 | −0.296% | $1.9M | $3.1M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0428% | 1h | 4.3122 | −0.222% | $410K | $1.2M | 10x | as long as short |
| Hyperliquid NEAR | +0.0469% | 1h | 4.3141 | −0.178% | $365.9M | $301.7M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0491% | 1h | 4.3139 | −0.183% | $1.3M | $5.9M | 20x | as long as short |
| Phoenix NEARlong | +0.0499% | 1h | 4.3218 | long leg | $1.8M | $2.7M | 10x | |
| Lighter RH NEAR | +0.0512% | 1h | 4.3183 | −0.081% | $1.6M | $7.0M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1498% | 1h | 4.3229 | +0.026% | $5K | $12K | 10x | as long as short |
| Lighter NEAR | +0.1776% | 1h | 4.3184 | −0.078% | $17.3M | $24.8M | 15x | as long as short |
Popdex NEARUSDT
Aster NEARUSDT
Pacifica NEAR
Binance NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Arcus NEAR-USD
Bulk NEAR-USD
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDC
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
SunX NEAR-USDT
SoDEX NEAR-USD
HTX NEAR-USDT
Paradex NEAR-USD-PERP
Extended NEAR-USD
Aevo NEAR-PERP
BloFin NEAR-USDT
Deribit NEAR_USDC-PERPETUAL
GMX NEAR/USD [ETH-USDC]
Nado NEAR-PERP
RISEx NEAR/USDC
Hyperliquid NEAR
Backpack NEAR_USDC_PERP
Lighter RH NEAR
Aftermath Perps NEARUSD
Lighter NEAR