Funding you earn now, next payment 00:00 UTC−0.0670%/8h= −73.4% APRnext payment −$0.84 per $10,000 · paid last 24h −0.237%
Price spread now: Reya against Phoenix−0.327%59s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and Reya is 0.327% cheaper against Phoenix than usual: you would sell low and buy high (−$33 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 59 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 | 4.3171 | 0.0499 | pay 0.0062% / 1h | 48m 15s | $1.8M | $2.7M | 10x |
| Short | Reya NEARRUSDPERP | 4.3030 | −0.0171 | pay 0.0021% / 1h | 48m 15s | $2K | — | 20x |
Phoenix NEAR
Reya NEARRUSDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Reya 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
- −$140.74
- Price spread: −0.327% → 0.000%
- −$32.73
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- −$186.47
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 5 min ago; Reya: 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 | 0.93 bp | 12.4 bp −$12 | 51.2 bp −$512 | doesn't fit | doesn't fit |
| Sell Reya no order-book sample | — | — | — | — | — |
Reya: 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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex NEARUSDT | −0.0213% | 8h | 4.2970 | −0.466% | $3.8M | $8.5M | 50x | as long as short |
| Bybit NEARUSDT | −0.0182% | 8h | 4.2940 | −0.535% | $219.1M | $418.5M | 75x | as long as short |
| Reya NEARRUSDPERPshort | −0.0171% | 1h | 4.3030 | −0.327% | $2K | — | 20x | |
| Kraken Futures PF_NEARUSD | −0.0131% | 1h | 4.2987 | −0.427% | $7.6M | $37.1M | 50x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0096% | 1h | 4.3081 | −0.208% | $2.3M | $13.0M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3035 | −0.316% | $112K | $64K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.3069 | −0.236% | $377K | $18.5M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.3068 | −0.238% | $204K | — | 150x | as long as short |
| 01 Exchange NEARUSD | +0.0008% | 1h | 4.3062 | −0.252% | $13K | $7K | 10x | as long as short |
| Variational Omni NEAR | +0.0014% | 8h | 4.2988 | −0.423% | $7.9M | $18.6M | — | as long as short |
Phemex NEARUSDT
Bybit NEARUSDT
Kraken Futures PF_NEARUSD
Coinbase International NEAR-PERP-INTX
dYdX NEAR-USD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
01 Exchange NEARUSD
Variational Omni NEARShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −4.079% | $578 | $302K | 12x | as long as short |
| Gate NEAR_USDT | +0.0060% | 8h | 4.2946 | −0.521% | $31.0M | $58.6M | 75x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3060 | −0.257% | $112K | $478K | 50x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0099% | 8h | 4.3035 | −0.315% | $57K | $193K | 20x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.3013 | −0.365% | $31K | $647 | 10x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.3098 | −0.168% | $3.0M | $5.7M | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.3042 | −0.299% | $403K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.2964 | −0.479% | $255.1M | $1.07B | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.2930 | −0.558% | $61.1M | $279.7M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.3030 | −0.327% | $197K | $1.7M | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3050 | −0.280% | $245K | −$0 | 10x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.2970 | −0.466% | $79.7M | $138.7M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.2980 | −0.442% | $56.3M | $43.2M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.2930 | −0.558% | $71.2M | $125.0M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.2930 | −0.558% | — | $140.8M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3062 | −0.254% | $267K | $1.2M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3082 | −0.207% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3000 | −0.396% | $180K | $791K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3068 | −0.239% | $193K | $3.5M | 10x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3070 | −0.234% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.2973 | −0.459% | $5K | $53K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.3160 | −0.025% | $459K | $3.6M | 75x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.2990 | −0.419% | $3.9M | $16.7M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.3022 | −0.345% | $200K | $28K | 3x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.3080 | −0.211% | $13.0M | $29.3M | 75x | as long as short |
| Hyperliquid NEAR | +0.0310% | 1h | 4.3005 | −0.385% | $366.7M | $300.1M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0354% | 1h | 4.3056 | −0.266% | $1.9M | $3.0M | 25x | as long as short |
| Lighter RH NEAR | +0.0368% | 1h | 4.3034 | −0.317% | $1.6M | $6.8M | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0377% / S −0.0313% | 1h | 4.3069 | −0.236% | $276K | — | 100x | as long as short |
| RISEx NEAR/USDC | +0.0428% | 1h | 4.3050 | −0.279% | $409K | $1.2M | 10x | as long as short |
| Nado NEAR-PERP | +0.0437% | 1h | 4.3022 | −0.346% | $1.9M | $3.3M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0492% | 1h | 4.2984 | −0.433% | $1.4M | $5.6M | 20x | as long as short |
| Phoenix NEARlong | +0.0499% | 1h | 4.3171 | long leg | $1.8M | $2.7M | 10x | |
| Aftermath Perps NEARUSD | +0.1238% | 1h | 4.3054 | −0.271% | $5K | $12K | 10x | as long as short |
| Lighter NEAR | +0.2224% | 1h | 4.3101 | −0.163% | $17.2M | $23.9M | 15x | as long as short |
Injective NEAR/USDC PERP
Gate NEAR_USDT
Popdex NEARUSDT
Orderly PERP_NEAR_USDC
Paradex NEAR-USD-PERP
Aster NEARUSDT
Pacifica NEAR
Binance NEARUSDT
OKX NEAR-USDT-SWAP
Arcus NEAR-USD
Bulk NEAR-USD
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDT
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
SunX NEAR-USDT
SoDEX NEAR-USD
HTX NEAR-USDT
Extended NEAR-USD
Aevo NEAR-PERP
BloFin NEAR-USDT
Hyperliquid NEAR
Deribit NEAR_USDC-PERPETUAL
Lighter RH NEAR
GMX NEAR/USD [ETH-USDC]
RISEx NEAR/USDC
Nado NEAR-PERP
Backpack NEAR_USDC_PERP
Aftermath Perps NEARUSD
Lighter NEAR