Funding you earn now, next payment 03:00 UTC+0.0606%/8h= +66.4% APRpaid last 24h +0.079%
Price spread now: Kraken Futures against Binance−0.036%7-day average +0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$440.442% of the position
Funding, last 7 days+0.184%+$18 on $10k
+Price spread, last 3 days (all we have)+0.217%+$22 · spread now −0.036%, 7d avg +0.029%
=Funding pays, the price is against you. Kraken Futures is 0.065% cheaper against Binance than usual: you would sell low and buy high (spread −0.036% now, against its 7-day average of +0.029%). If the spread goes back, that is −$6 on $10k: about 9 hours of funding at the current rate (+$18 a day). At the pace of the last 7 days (+0.184% in total) that is about 2.5 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.184% in total (about 9.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance NEARUSDT | 4.3640 | 0.0100 | pay 0.0100% / 8h | 5h 58m | $264.7M | $1.08B | 75x |
| Short | Kraken Futures PF_NEARUSD | 4.3624 | 0.0706 | get 0.0088% / 1h | 58m 39s | $8.2M | $41.1M | 50x |
Binance NEARUSDT
Kraken Futures PF_NEARUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Binance. 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
- $127.31
- Price spread: −0.036% → +0.029%
- −$6.46
- Slippage, 4 orders
- −$24.24
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $76.61
- Costs to cover
- 0.442%
- Break-even
- 2.8 days
Slippage from Binance: live order book, 15 min ago; 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 Binance live order book, 15 min ago | 1.15 bp | 6.9 bp −$7 | 8.3 bp −$83 | 25.2 bp −$2,522 | 108.5 bp −$54.2K |
| Sell Kraken Futures live order book, 5 min ago | 6.64 bp | 14.1 bp −$14 | 20.5 bp −$205 | 42.6 bp −$4,260 | doesn't fit |
NEAR on 44 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 | 4.3599 | −0.095% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0016% | 1h | 4.3453 | −0.428% | $2.2M | $14.1M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3589 | −0.117% | $107K | $70K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.3634 | −0.014% | $555K | $19.4M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.3614 | −0.058% | $197K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −5.110% | $578 | $302K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3620 | −0.046% | $114K | $489K | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.3612 | −0.064% | $412K | $1.2M | 10x | as long as short |
| Binance NEARUSDTlong | +0.0100% | 8h | 4.3640 | long leg | $264.7M | $1.08B | 75x | |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3618 | −0.050% | $219.8M | $416.4M | 75x | as long as short |
Reya NEARRUSDPERP
Coinbase International NEAR-PERP-INTX
dYdX NEAR-USD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Pacifica NEAR
Bybit NEARUSDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3570 | −0.160% | $61.9M | $288.4M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3555 | −0.195% | $248K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3595 | −0.103% | $31.4M | $61.4M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.3610 | −0.069% | $75.8M | $139.3M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3630 | −0.023% | $53.9M | $43.8M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3578 | −0.142% | $71.5M | $125.9M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.3590 | −0.114% | — | $143.6M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.3517 | −0.281% | $8.4M | $18.3M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3545 | −0.218% | $269K | $1.0M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3541 | −0.228% | $1.4M | $1.4M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3520 | −0.275% | $194K | $778K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3652 | +0.028% | $204K | $3.6M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.3627 | −0.030% | $60K | $190K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3680 | +0.092% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.3605 | −0.080% | $5K | $51K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.3700 | +0.138% | $456K | $3.9M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3570 | −0.160% | $3.8M | $8.2M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.3565 | −0.173% | $31K | $608 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.3581 | −0.135% | $3.8M | $18.6M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.3620 | −0.046% | $203K | $34K | 3x | as long as short |
| Aster NEARUSDT | +0.0183% | 8h | 4.3650 | +0.023% | $3.0M | $5.5M | 50x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0348% / S −0.0243% | 1h | 4.3608 | −0.073% | $255K | — | 100x | as long as short |
| 01 Exchange NEARUSD | +0.0392% | 1h | 4.3660 | +0.046% | $13K | $7K | 10x | as long as short |
| Arcus NEAR-USD | +0.0410% | 1h | 4.3640 | 0.000% | $208K | $1.7M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0415% | 1h | 4.3638 | −0.004% | $1.9M | $4.3M | 25x | as long as short |
| Phoenix NEAR | +0.0592% | 1h | 4.3584 | −0.128% | $1.8M | $2.5M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0677% | 1h | 4.3625 | −0.034% | $1.5M | $6.3M | 20x | as long as short |
| Hyperliquid NEAR | +0.0685% | 1h | 4.3671 | +0.071% | $367.6M | $306.2M | 10x | as long as short |
| Kraken Futures PF_NEARUSDshort | +0.0706% | 1h | 4.3624 | −0.036% | $8.2M | $41.1M | 50x | |
| Nado NEAR-PERP | +0.0716% | 1h | 4.3616 | −0.054% | $1.9M | $3.1M | 10x | as long as short |
| Lighter RH NEAR | +0.0840% | 1h | 4.3669 | +0.067% | $1.6M | $6.9M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0924% | 1h | 4.3652 | +0.027% | $550K | $1.3M | 10x | as long as short |
| Lighter NEAR | +0.1376% | 1h | 4.3697 | +0.130% | $17.5M | $25.5M | 15x | as long as short |
| Aftermath Perps NEARUSD | +0.1709% | 1h | 4.3682 | +0.096% | $5K | $12K | 10x | as long as short |
OKX NEAR-USDT-SWAP
Bulk NEAR-USD
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDT
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
Aster NEARUSDT
GMX NEAR/USD [ETH-USDC]
01 Exchange NEARUSD
Arcus NEAR-USD
Deribit NEAR_USDC-PERPETUAL
Phoenix NEAR
Backpack NEAR_USDC_PERP
Hyperliquid NEAR
Nado NEAR-PERP
Lighter RH NEAR
RISEx NEAR/USDC
Lighter NEAR
Aftermath Perps NEARUSD