NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0644%/8h= −70.6% APRnext payment −$0.81 per $10,000 · paid last 24h −0.170%

Price spread now: Popdex against Phoenix−0.478%7-day average −0.203% · 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−$72as in the Price arb table

costs, in and out, $10k−$450.448% of the position

Long on Phoenix Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.508%−$51 on $10k

Price spread, last 4 days (all we have)−1.464%−$146 · spread now −0.478%, 7d avg −0.203%

Together, before fees−1.971%−$197 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and Popdex is 0.274% cheaper against Phoenix than usual: you would sell low and buy high (−$27 if the spread goes back to its 7-day average of −0.203%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix NEAR	4.4814	0.0740	pay 0.0093% / 1h	16m 51s	$1.8M	$2.4M	10x
Short	Popdex NEARUSDT	4.4600	0.0096	get 0.0012% / 1h	16m 51s	$113K	$504K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now −0.478%Rate

Funding earned: −$135.31
Price spread: −0.478% → −0.203%: −$27.44
Slippage, 4 orders: −$31.37
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$207.52
Costs to cover: 0.448%
Break-even: never at this rate

Slippage from Phoenix: live order book, 2 min ago; Popdex: live order book, 17 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, 2 min ago	0.89 bp	12.3 bp −$12	50.9 bp −$509	doesn't fit	doesn't fit
Sell Popdex live order book, 17 min ago	4.59 bp	9.7 bp −$10	58.0 bp −$580	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
Kraken Futures PF_NEARUSD	−0.0424%	1h	4.4584	−0.513%	$7.3M	$38.5M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.4603	−0.470%	$2K	—	20x	as long as short
Phemex NEARUSDT	−0.0028%	8h	4.4600	−0.478%	$3.6M	$7.7M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4556	−0.575%	$109K	$65K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4620	−0.434%	$167K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.596%	$578	$301K	12x	as long as short
Popdex NEARUSDTshort	+0.0096%	1h	4.4600	−0.478%	$113K	$504K	50x
Aster NEARUSDT	+0.0100%	8h	4.4791	−0.051%	$2.8M	$4.6M	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4805	−0.020%	$270.6M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4768	−0.103%	$227.2M	$426.7M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4760	−0.120%	$63.0M	$301.6M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.4640	−0.388%	$226K	$1.4M	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4790	−0.054%	$37.9M	$62.8M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4790	−0.054%	$87.9M	$161.8M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4760	−0.120%	$53.4M	$45.1M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4752	−0.138%	$73.8M	$127.1M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.4780	−0.076%	—	$6.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4199	−1.373%	$9.2M	$18.1M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4635	−0.400%	$259K	$895K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4607	−0.461%	$1.5M	$1.6M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4220	−1.325%	$166K	$825K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4590	−0.500%	$278K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4617	−0.440%	$57K	$238K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4670	−0.321%	$1K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4595	−0.489%	$5K	$49K	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4787	−0.060%	$258K	$3K	10x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4553	−0.583%	$32K	$413	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4764	−0.112%	$3.7M	$15.2M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4588	−0.505%	$207K	$38K	3x	as long as short
Kalshi KXNEARPERP	+0.0136%	8h	4.4577	−0.529%	$887K	$25.3M	2.2x	as long as short
Nado NEAR-PERP	+0.0210%	1h	4.4565	−0.556%	$1.7M	$3.2M	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4650	−0.366%	$12.7M	$32.9M	75x	as long as short
Hyperliquid NEAR	+0.0328%	1h	4.4697	−0.261%	$363.8M	$317.3M	10x	as long as short
01 Exchange NEARUSD	+0.0336%	1h	4.4614	−0.446%	$13K	$6K	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0358% / S −0.0260%	1h	4.4610	−0.454%	$262K	—	100x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.4660	−0.344%	$2.3M	$17.5M	50x	as long as short
Lighter NEAR	+0.0488%	1h	4.4646	−0.375%	$17.6M	$24.0M	15x	as long as short
Lighter RH NEAR	+0.0488%	1h	4.4659	−0.346%	$1.5M	$6.5M	10x	as long as short
HTX NEAR-USDT	+0.0501%	8h	4.4740	−0.165%	$472K	$3.7M	75x	as long as short
Backpack NEAR_USDC_PERP	+0.0574%	1h	4.4687	−0.283%	$1.1M	$7.1M	20x	as long as short
RISEx NEAR/USDC	+0.0656%	1h	4.4606	−0.464%	$604K	$1.5M	10x	as long as short
Pacifica NEAR	+0.0701%	1h	4.4594	−0.491%	$420K	$1.4M	10x	as long as short
Phoenix NEARlong	+0.0740%	1h	4.4814	long leg	$1.8M	$2.4M	10x
Deribit NEAR_USDC-PERPETUAL	+0.0850%	1h	4.4606	−0.464%	$1.9M	$13.1M	25x	as long as short
Aftermath Perps NEARUSD	+0.1079%	1h	4.4408	−0.907%	$6K	$7K	10x	as long as short