Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Phemex against Polymarket Perps−0.119%7-day average −0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs−$67as in the Price arb table
costs, in and out, $10k−$550.554% of the position
Funding, last 7 days−0.037%−$4 on $10k
+Price spread, last 4 days (all we have)+0.364%+$36 · spread now −0.119%, 7d avg −0.008%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.111% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.008%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps NEAR-USD | 4.5324 | 0.0100 | pay 0.0013% / 1h | 44m 13s | $193K | $4.2M | 10x |
| Short | Phemex NEARUSDT | 4.5270 | 0.0100 | get 0.0100% / 8h | 4h 44m | $3.4M | $8.3M | 50x |
Polymarket Perps NEAR-USD
Phemex NEARUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Polymarket Perps. 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
- $0
- Price spread: −0.119% → −0.008%
- −$11.15
- Slippage, 4 orders
- −$35.42
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$66.56
- Costs to cover
- 0.554%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 3 min ago; Phemex: live order book, 3 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 Polymarket Perps live order book, 3 min ago | 3.43 bp | 11.1 bp −$11 | 22.3 bp −$223 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 3 min ago | 7.75 bp | 18.0 bp −$18 | 44.3 bp −$443 | doesn't fit | doesn't fit |
NEAR on 45 exchanges
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 | −0.0377% | 1h | 4.5263 | −0.135% | $7.3M | $37.1M | 50x | as long as short |
| Reya NEARRUSDPERP | −0.0171% | 1h | 4.5275 | −0.107% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.5405 | +0.179% | $111K | $53K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.5434 | +0.243% | $907K | $26.5M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.5278 | −0.101% | $170K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −8.636% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.5320 | −0.009% | $125K | $510K | 50x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.5286 | −0.084% | $2.7M | $5.1M | 50x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.5295 | −0.064% | $273.4M | $1.08B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.5273 | −0.113% | $232.8M | $430.6M | 75x | as long as short |
Kraken Futures PF_NEARUSD
Reya NEARRUSDPERP
dYdX NEAR-USD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Aster NEARUSDT
Binance NEARUSDT
Bybit NEARUSDTShow all 45 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.5240 | −0.185% | $64.4M | $304.2M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.5351 | +0.060% | $279K | $24K | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.5247 | −0.170% | $41.5M | $62.0M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.5280 | −0.097% | $75.9M | $169.9M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.5290 | −0.075% | $54.4M | $44.0M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.5240 | −0.185% | $75.2M | $127.9M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.5260 | −0.141% | — | $6.7M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.5173 | −0.332% | $8.8M | $15.7M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.4858 | −1.027% | $266K | $865K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.5183 | −0.311% | $1.5M | $1.9M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.4840 | −1.068% | $168K | $810K | 50x | as long as short |
| Polymarket Perps NEAR-USDlong | +0.0100% | 1h | 4.5324 | long leg | $193K | $4.2M | 10x | |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.5308 | −0.035% | $56K | $270K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.5380 | +0.124% | $2K | $1.3M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.5287 | −0.082% | $5K | $34K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.5350 | +0.057% | $468K | $3.7M | 75x | as long as short |
| Phemex NEARUSDTshort | +0.0100% | 8h | 4.5270 | −0.119% | $3.4M | $8.3M | 50x | |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.5330 | +0.014% | $33K | $389 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.5270 | −0.120% | $3.8M | $15.0M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.5284 | −0.088% | $211K | $38K | 3x | as long as short |
| Lighter RH NEAR | +0.0144% | 1h | 4.5321 | −0.007% | $1.6M | $5.7M | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0191% / S −0.0033% | 1h | 4.5279 | −0.100% | $244K | — | 100x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.5580 | +0.565% | $12.9M | $33.0M | 75x | as long as short |
| Arcus NEAR-USD | +0.0253% | 1h | 4.5380 | +0.124% | $229K | $1.4M | 10x | as long as short |
| 01 Exchange NEARUSD | +0.0272% | 1h | 4.5378 | +0.119% | $13K | $4K | 10x | as long as short |
| Hyperliquid NEAR | +0.0273% | 1h | 4.5311 | −0.029% | $364.1M | $313.2M | 10x | as long as short |
| Lighter NEAR | +0.0296% | 1h | 4.5309 | −0.033% | $17.1M | $24.7M | 15x | as long as short |
| Nado NEAR-PERP | +0.0387% | 1h | 4.5330 | +0.013% | $1.8M | $3.1M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0478% | 1h | 4.5349 | +0.055% | $646K | $1.6M | 10x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0544% | 1h | 4.5472 | +0.327% | $2.4M | $17.9M | 50x | as long as short |
| Pacifica NEAR | +0.0687% | 1h | 4.5437 | +0.250% | $428K | $1.3M | 10x | as long as short |
| Phoenix NEAR | +0.0733% | 1h | 4.5001 | −0.713% | $1.7M | $2.6M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0789% | 1h | 4.5295 | −0.064% | $1.1M | $7.2M | 20x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0832% | 1h | 4.5336 | +0.026% | $1.9M | $13.0M | 25x | as long as short |
| Aftermath Perps NEARUSD | +0.0880% | 1h | 4.5138 | −0.411% | $6K | $6K | 10x | as long as short |
OKX NEAR-USDT-SWAP
Bulk NEAR-USD
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDC
Variational Omni NEAR
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
SoDEX NEAR-USD
HTX NEAR-USDT
Paradex NEAR-USD-PERP
Extended NEAR-USD
Aevo NEAR-PERP
Lighter RH NEAR
GMX NEAR/USD [ETH-USDC]
BloFin NEAR-USDT
Arcus NEAR-USD
01 Exchange NEARUSD
Hyperliquid NEAR
Lighter NEAR
Nado NEAR-PERP
RISEx NEAR/USDC
Coinbase International NEAR-PERP-INTX
Pacifica NEAR
Phoenix NEAR
Backpack NEAR_USDC_PERP
Deribit NEAR_USDC-PERPETUAL
Aftermath Perps NEARUSD