Funding you earn now, next payment 22:00 UTC−0.0442%/8h= −48.4% APRpaid last 24h −0.165%
Price spread now: Variational Omni against Phoenix−0.897%84s7-day average −0.190% · 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)−0.422%−$42 on $10k
+Price spread, last 7 days+0.694%+$69 · spread now −0.897%, 7d avg −0.190%
=Together, before fees+0.271%+ Points / potential airdropVariational Omni: Active · farm board+$27 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Variational Omni is 0.706% cheaper against Phoenix than usual: you would sell low and buy high (−$71 if the spread goes back to its 7-day average of −0.190%). Swap the legs. The two prices were read 84 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 | 4.2682 | 0.0542 | pay 0.0068% / 1h | 6m 02s | $1.8M | $2.7M | 10x |
| Short | Variational Omni NEAR | 4.2299 | 0.0100 | get 0.0100% / 8h | 1h 06m | $7.9M | $17.8M | — |
Phoenix NEAR
Variational Omni NEARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$92.91
- Price spread: −0.897% → −0.190%
- −$70.65
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$170.56
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 2 min ago; Variational Omni: RFQ quote, 3 min ago. 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, 2 min ago | 0.94 bp | 12.3 bp −$12 | 51.1 bp −$511 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 3 min ago | 3.88 bp | doesn't fit | 10.6 bp −$106 | 29.2 bp −$2,919 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya NEARRUSDPERP | −0.0171% | 1h | 4.2871 | +0.443% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0032% | 1h | 4.2884 | +0.473% | $2.2M | $13.2M | 50x | as long as short |
| Injective NEAR/USDC PERP | −0.0002% | 1h | 4.1410 | −2.980% | $578 | $302K | 12x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.2869 | +0.439% | $112K | $59K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.2892 | +0.492% | $454K | $18.2M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.2892 | +0.492% | $207K | — | 150x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0047% | 1h | 4.2919 | +0.554% | $7.7M | $36.2M | 50x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.2890 | +0.487% | $106K | $490K | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.2884 | +0.472% | $31K | $647 | 10x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.2920 | +0.558% | $3.0M | $5.6M | 50x | as long as short |
Reya NEARRUSDPERP
Coinbase International NEAR-PERP-INTX
Injective NEAR/USDC PERP
dYdX NEAR-USD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
Kraken Futures PF_NEARUSD
Popdex NEARUSDT
Paradex NEAR-USD-PERP
Aster NEARUSDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica NEAR | +0.0100% | 1h | 4.2902 | +0.515% | $399K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.2920 | +0.557% | $249.2M | $1.06B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.2890 | +0.487% | $220.5M | $420.8M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.2900 | +0.511% | $60.3M | $283.7M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.2890 | +0.487% | $196K | $1.8M | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.2317 | −0.855% | $241K | $2K | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.2896 | +0.501% | $30.3M | $59.2M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.2910 | +0.534% | $83.8M | $145.2M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.2940 | +0.604% | $56.3M | $43.3M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.2904 | +0.520% | $71.3M | $125.7M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.2890 | +0.487% | — | $6.6M | — | as long as short |
| Variational Omni NEARshort | +0.0100% | 8h | 4.2299 | −0.897% | $7.9M | $17.8M | — | |
| edgeX NEARUSDC | +0.0100% | 4h | 4.2295 | −0.907% | $247K | $1.2M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.2644 | −0.089% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.2620 | −0.145% | $178K | $792K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.2918 | +0.553% | $234K | $3.2M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.2913 | +0.541% | $57K | $194K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.2950 | +0.628% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.2890 | +0.487% | $5K | $46K | 10x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.2890 | +0.487% | $3.9M | $8.1M | 50x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.2897 | +0.505% | $4.0M | $14.8M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.2899 | +0.507% | $207K | $62K | 3x | as long as short |
| 01 Exchange NEARUSD | +0.0144% | 1h | 4.2941 | +0.607% | $13K | $7K | 10x | as long as short |
| Lighter RH NEAR | +0.0160% | 1h | 4.2944 | +0.614% | $1.5M | $7.0M | 10x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.2850 | +0.394% | $12.6M | $32.6M | 75x | as long as short |
| RISEx NEAR/USDC | +0.0364% | 1h | 4.2916 | +0.548% | $414K | $1.2M | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0390% / S −0.0335% | 1h | 4.2903 | +0.518% | $293K | — | 100x | as long as short |
| Nado NEAR-PERP | +0.0467% | 1h | 4.2870 | +0.440% | $1.9M | $3.5M | 10x | as long as short |
| Phoenix NEARlong | +0.0542% | 1h | 4.2682 | long leg | $1.8M | $2.7M | 10x | |
| Backpack NEAR_USDC_PERP | +0.0554% | 1h | 4.2941 | +0.607% | $1.3M | $5.5M | 20x | as long as short |
| Hyperliquid NEAR | +0.0643% | 1h | 4.3005 | +0.757% | $371.4M | $297.0M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0799% | 1h | 4.2948 | +0.623% | $1.9M | $2.3M | 25x | as long as short |
| HTX NEAR-USDT | +0.0927% | 8h | 4.3020 | +0.792% | $461K | $3.6M | 75x | as long as short |
| Lighter NEAR | +0.0992% | 1h | 4.3004 | +0.754% | $16.5M | $23.8M | 15x | as long as short |
| Aftermath Perps NEARUSD | +0.0999% | 1h | 4.2555 | −0.297% | $5K | $11K | 10x | as long as short |
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
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
SoDEX NEAR-USD
Phemex NEARUSDT
Extended NEAR-USD
Aevo NEAR-PERP
01 Exchange NEARUSD
Lighter RH NEAR
BloFin NEAR-USDT
RISEx NEAR/USDC
GMX NEAR/USD [ETH-USDC]
Nado NEAR-PERP
Backpack NEAR_USDC_PERP
Hyperliquid NEAR
Deribit NEAR_USDC-PERPETUAL
HTX NEAR-USDT
Lighter NEAR
Aftermath Perps NEARUSD