NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0172%/8h= +18.8% APRnext payment +$0.21 per $10,000 · paid last 24h −0.001%

Price spread now: Phoenix against RISEx+0.736%7-day average +0.170% · 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+$25as in the Price arb table

costs, in and out, $10k−$310.312% of the position

Long on RISEx Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.041%+$4 on $10k

Price spread, last 7 days−0.627%−$63 · spread now +0.736%, 7d avg +0.170%

Together, before fees−0.586%−$59 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Phoenix is 0.565% dearer against RISEx than usual: you sell high and buy low: +$57 more if the spread goes back to its 7-day average of +0.170%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx NEAR/USDC	4.4858	0.0569	pay 0.0071% / 1h	55m 11s	$640K	$1.6M	10x
Short	Phoenix NEAR	4.5188	0.0740	get 0.0093% / 1h	55m 11s	$1.7M	$2.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against RISEx. 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 RISExbpFee PhoenixbpOrdersPrice spread, now +0.736%Rate

Funding earned: $36.08
Price spread: +0.736% → +0.170%: $56.52
Slippage, 4 orders: −$18.24
Fee RISEx: 3 bp × 2 orders: −$6
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $61.36
Costs to cover: 0.312%
Break-even: from the start

Slippage from RISEx: live order book, 4 min ago; Phoenix: 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 RISEx live order book, 4 min ago	3.12 bp	6.1 bp −$6	16.2 bp −$162	doesn't fit	doesn't fit
Sell Phoenix live order book, 3 min ago	1.10 bp	6.7 bp −$7	16.2 bp −$162	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
Reya NEARRUSDPERP	−0.0171%	1h	4.4851	−0.017%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0141%	1h	4.4764	−0.209%	$7.3M	$38.6M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4877	+0.042%	$109K	$53K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.5437	+1.291%	$170K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.687%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4910	+0.116%	$119K	$519K	50x	as long as short
Hyperliquid NEAR	+0.0100%	1h	4.4777	−0.181%	$362.4M	$323.9M	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.4833	−0.056%	$2.6M	$4.7M	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4810	−0.107%	$272.2M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4775	−0.185%	$232.6M	$435.9M	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	4.4730	−0.285%	$63.8M	$306.7M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.4940	+0.183%	$232K	$1.4M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.5308	+1.002%	$261K	$3K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4748	−0.245%	$38.4M	$61.3M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4780	−0.174%	$79.9M	$163.0M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4830	−0.063%	$53.3M	$45.7M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4737	−0.270%	$73.9M	$128.7M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.4770	−0.196%	—	$6.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.5146	+0.642%	$9.4M	$17.7M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.5342	+1.079%	$268K	$881K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.5350	+1.097%	$1.5M	$1.6M	10x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4903	+0.100%	$279K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4848	−0.022%	$58K	$269K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4870	+0.027%	$2K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4825	−0.074%	$5K	$44K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4850	−0.018%	$3.4M	$8.0M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4822	−0.081%	$3.8M	$15.0M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4826	−0.071%	$208K	$38K	3x	as long as short
Paradex NEAR-USD-PERP	+0.0109%	8h	4.4920	+0.137%	$32K	$413	10x	as long as short
Kalshi KXNEARPERP	+0.0123%	8h	4.4881	+0.051%	$775K	$25.6M	2.2x	as long as short
HTX NEAR-USDT	+0.0129%	8h	4.4950	+0.205%	$476K	$3.8M	75x	as long as short
01 Exchange NEARUSD	+0.0208%	1h	4.4866	+0.018%	$13K	$5K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4900	+0.094%	$12.8M	$33.0M	75x	as long as short
Lighter NEAR	+0.0288%	1h	4.4850	−0.018%	$17.6M	$23.4M	15x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0330%	1h	4.4819	−0.087%	$1.9M	$13.1M	25x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0341% / S −0.0235%	1h	4.4856	−0.005%	$258K	—	100x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0520%	1h	4.4846	−0.027%	$2.3M	$17.9M	50x	as long as short
Lighter RH NEAR	+0.0528%	1h	4.4863	+0.011%	$1.6M	$6.0M	10x	as long as short
RISEx NEAR/USDClong	+0.0569%	1h	4.4858	long leg	$640K	$1.6M	10x
Backpack NEAR_USDC_PERP	+0.0685%	1h	4.4796	−0.138%	$1.1M	$7.1M	20x	as long as short
Phoenix NEARshort	+0.0740%	1h	4.5188	+0.736%	$1.7M	$2.5M	10x
Nado NEAR-PERP	+0.0746%	1h	4.4860	+0.004%	$1.7M	$3.2M	10x	as long as short
Pacifica NEAR	+0.0883%	1h	4.4937	+0.177%	$424K	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0995%	1h	4.5320	+1.030%	$169K	$827K	50x	as long as short
Aftermath Perps NEARUSD	+0.1262%	1h	4.5235	+0.841%	$6K	$7K	10x	as long as short