NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0052%/8h= −5.7% APRnext payment −$0.06 per $10,000 · paid last 24h −0.143%

Price spread now: Kraken Futures against Arcus−0.033%7-day average −0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$370.372% of the position

Long on Arcus Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.128%−$13 on $10k

Price spread, last 3 days (all we have)+0.380%+$38 · spread now −0.033%, 7d avg −0.049%

Together, before fees+0.252%+$25 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.049%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus NEAR-USD	4.2150	0.0100	pay 0.0013% / 1h	13m 48s	$227K	$1.7M	10x
Short	Kraken Futures PF_NEARUSD	4.2136	0.0048	get 0.0006% / 1h	13m 48s	$7.7M	$36.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Arcus. 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 ArcusbpFee Kraken FuturesbpOrdersPrice spread, now −0.033%Rate

Funding earned: −$10.9
Price spread: −0.033% → −0.049%: $1.63
Slippage, 4 orders: −$22.69
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$46.46
Costs to cover: 0.372%
Break-even: never at this rate

Slippage from Arcus: live order book, just now; Kraken Futures: 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 Arcus live order book, just now	1.19 bp	3.4 bp −$3	9.7 bp −$97	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 5 min ago	6.05 bp	11.8 bp −$12	14.9 bp −$149	43.5 bp −$4,349	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	4.2123	−0.063%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0032%	1h	4.2129	−0.050%	$2.2M	$12.7M	50x	as long as short
Injective NEAR/USDC PERP	−0.0002%	1h	4.1410	−1.756%	$578	$302K	12x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2152	+0.004%	$109K	$58K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2119	−0.074%	$446K	$18.4M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2142	−0.019%	$209K	—	150x	as long as short
Kraken Futures PF_NEARUSDshort	+0.0048%	1h	4.2136	−0.033%	$7.7M	$36.2M	50x
Popdex NEARUSDT	+0.0096%	1h	4.2160	+0.024%	$108K	$487K	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2145	−0.012%	$30K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2186	+0.087%	$3.0M	$5.7M	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica NEAR	+0.0100%	1h	4.2170	+0.048%	$364K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2110	−0.095%	$242.1M	$1.06B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.2095	−0.130%	$215.1M	$418.6M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2090	−0.142%	$58.6M	$276.3M	50x	as long as short
Arcus NEAR-USDlong	+0.0100%	1h	4.2150	long leg	$227K	$1.7M	10x
Gate NEAR_USDT	+0.0100%	8h	4.2120	−0.071%	$30.1M	$58.1M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2110	−0.095%	$83.4M	$143.0M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2150	0.000%	$55.4M	$43.5M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2091	−0.140%	$69.8M	$124.4M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.2100	−0.119%	—	$137.3M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.2040	−0.262%	$7.8M	$18.1M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2112	−0.089%	$246K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2084	−0.156%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2120	−0.071%	$176K	$793K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2184	+0.081%	$204K	$3.2M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2125	−0.059%	$56K	$194K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2200	+0.119%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2108	−0.100%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2130	−0.047%	$3.9M	$8.1M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2042	−0.257%	$240K	$2K	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2119	−0.074%	$3.9M	$14.7M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2106	−0.105%	$203K	$62K	3x	as long as short
Lighter RH NEAR	+0.0120%	1h	4.2174	+0.057%	$1.5M	$7.0M	10x	as long as short
01 Exchange NEARUSD	+0.0128%	1h	4.2190	+0.095%	$12K	$7K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0154%	1h	4.2148	−0.005%	$1.9M	$2.2M	25x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2130	−0.047%	$12.4M	$31.9M	75x	as long as short
RISEx NEAR/USDC	+0.0364%	1h	4.2183	+0.078%	$411K	$1.2M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0385% / S −0.0332%	1h	4.2134	−0.038%	$286K	—	100x	as long as short
Hyperliquid NEAR	+0.0483%	1h	4.2201	+0.121%	$358.1M	$294.3M	10x	as long as short
Nado NEAR-PERP	+0.0498%	1h	4.2146	−0.009%	$1.9M	$3.5M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0517%	1h	4.2159	+0.021%	$1.2M	$5.6M	20x	as long as short
Phoenix NEAR	+0.0542%	1h	4.2164	+0.033%	$1.7M	$2.7M	10x	as long as short
Lighter NEAR	+0.0928%	1h	4.2231	+0.191%	$16.3M	$23.6M	15x	as long as short
HTX NEAR-USDT	+0.0939%	8h	4.2290	+0.332%	$453K	$3.5M	75x	as long as short
Aftermath Perps NEARUSD	+0.0984%	1h	4.2105	−0.106%	$5K	$11K	10x	as long as short