Funding you earn now, next payment 10:00 UTC+0.0645%/8h= +70.7% APRnext payment +$0.81 per $10,000 · paid last 24h +0.173%
Price spread now: Phoenix against Popdex+0.760%54s7-day average +0.202% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$470.468% of the position
Funding, last 4 days (all we have)+0.525%+$53 on $10k
+Price spread, last 4 days (all we have)+0.422%+$42 · spread now +0.760%, 7d avg +0.202%
=Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Phoenix is 0.558% dearer against Popdex than usual: you sell high and buy low: +$56 more if the spread goes back to its 7-day average of +0.202%. The two prices were read 54 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 | Popdex NEARUSDT | 4.4730 | 0.0096 | pay 0.0012% / 1h | 46m 24s | $123K | $503K | 50x |
| Short | Phoenix NEAR | 4.5070 | 0.0741 | get 0.0093% / 1h | 46m 24s | $1.7M | $2.7M | 10x |
Popdex NEARUSDT
Phoenix NEARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Popdex. 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
- $135.5
- Price spread: +0.760% → +0.202%
- $55.78
- Slippage, 4 orders
- −$33.42
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $144.46
- Costs to cover
- 0.468%
- Break-even
- from the start
Slippage from Popdex: live order book, 1 min ago; Phoenix: live order book, 5 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 Popdex live order book, 1 min ago | 5.59 bp | 11.5 bp −$12 | 71.7 bp −$717 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 5 min ago | 1.11 bp | 11.9 bp −$12 | 28.5 bp −$285 | 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 | −0.0237% | 1h | 4.4690 | −0.089% | $7.4M | $36.9M | 50x | as long as short |
| Reya NEARRUSDPERP | −0.0171% | 1h | 4.4709 | −0.047% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.4874 | +0.323% | $110K | $53K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.4844 | +0.255% | $842K | $26.1M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.4755 | +0.056% | $168K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −7.422% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDTlong | +0.0096% | 1h | 4.4730 | long leg | $123K | $503K | 50x | |
| Aster NEARUSDT | +0.0100% | 8h | 4.4730 | 0.000% | $2.6M | $4.7M | 50x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.4731 | +0.003% | $271.4M | $1.08B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.4721 | −0.020% | $230.8M | $427.6M | 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
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 | 4.4710 | −0.045% | $63.9M | $297.3M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.4750 | +0.045% | $267K | $12K | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.4701 | −0.065% | $39.7M | $62.1M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.4740 | +0.022% | $76.6M | $167.9M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.4750 | +0.045% | $53.1M | $43.8M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.4690 | −0.089% | $74.1M | $126.3M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.4720 | −0.022% | — | $6.7M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.4874 | +0.321% | $8.9M | $16.4M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.4861 | +0.293% | $265K | $869K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.4860 | +0.291% | $1.5M | $1.7M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.4790 | +0.134% | $167K | $823K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.4742 | +0.027% | $277K | $4.0M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.4722 | −0.018% | $58K | $269K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.4790 | +0.134% | $2K | $1.3M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.4715 | −0.034% | $5K | $34K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.4800 | +0.156% | $465K | $3.7M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.4720 | −0.022% | $3.4M | $8.0M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0102% | 8h | 4.4716 | −0.032% | $33K | $245 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.4695 | −0.078% | $3.7M | $15.0M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.4699 | −0.069% | $208K | $38K | 3x | as long as short |
| Hyperliquid NEAR | +0.0177% | 1h | 4.4760 | +0.067% | $360.6M | $314.8M | 10x | as long as short |
| 01 Exchange NEARUSD | +0.0208% | 1h | 4.4740 | +0.022% | $13K | $4K | 10x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.4750 | +0.045% | $12.8M | $32.4M | 75x | as long as short |
| Nado NEAR-PERP | +0.0228% | 1h | 4.4750 | +0.045% | $1.8M | $3.1M | 10x | as long as short |
| Lighter NEAR | +0.0264% | 1h | 4.4767 | +0.083% | $17.5M | $23.3M | 15x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0341% / S −0.0226% | 1h | 4.4708 | −0.048% | $262K | — | 100x | as long as short |
| Arcus NEAR-USD | +0.0343% | 1h | 4.4750 | +0.045% | $226K | $1.4M | 10x | as long as short |
| Lighter RH NEAR | +0.0360% | 1h | 4.4770 | +0.089% | $1.6M | $5.8M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0489% | 1h | 4.4737 | +0.016% | $632K | $1.6M | 10x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0504% | 1h | 4.4778 | +0.107% | $2.3M | $17.5M | 50x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0600% | 1h | 4.4741 | +0.025% | $1.9M | $13.0M | 25x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0641% | 1h | 4.4791 | +0.136% | $1.1M | $7.1M | 20x | as long as short |
| Phoenix NEARshort | +0.0741% | 1h | 4.5070 | +0.760% | $1.7M | $2.7M | 10x | |
| Pacifica NEAR | +0.0851% | 1h | 4.4737 | +0.015% | $419K | $1.3M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1123% | 1h | 4.4840 | +0.246% | $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
Polymarket Perps NEAR-USD
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
SoDEX NEAR-USD
HTX NEAR-USDT
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Extended NEAR-USD
Aevo NEAR-PERP
Hyperliquid NEAR
01 Exchange NEARUSD
BloFin NEAR-USDT
Nado NEAR-PERP
Lighter NEAR
GMX NEAR/USD [ETH-USDC]
Arcus NEAR-USD
Lighter RH NEAR
RISEx NEAR/USDC
Coinbase International NEAR-PERP-INTX
Deribit NEAR_USDC-PERPETUAL
Backpack NEAR_USDC_PERP
Pacifica NEAR
Aftermath Perps NEARUSD