Funding you earn now, next payment 04:00 UTC+0.0489%/8h= +53.6% APRpaid last 24h +0.095%
Price spread now: Kraken Futures against BingX−0.002%7-day average +0.053% · 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−$55as in the Price arb table
costs, in and out, $10k−$500.496% of the position
Funding, last 7 days+0.239%+$24 on $10k
+Price spread, last 4 days (all we have)+0.513%+$51 · spread now −0.002%, 7d avg +0.053%
=Funding pays, the price is against you. Kraken Futures is 0.055% cheaper against BingX than usual: you would sell low and buy high (spread −0.002% now, against its 7-day average of +0.053%). If the spread goes back, that is −$6 on $10k: about 9 hours of funding at the current rate (+$15 a day). At the pace of the last 7 days (+0.239% in total) that is about 39 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.239% in total (about 12.5% 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 | BingX NEAR-USDT | 4.4070 | 0.0100 | pay 0.0100% / 8h | 4h 24m | — | $147.8M | — |
| Short | Kraken Futures PF_NEARUSD | 4.4069 | 0.0589 | get 0.0074% / 1h | 24m 44s | $8.1M | $39.9M | 50x |
BingX NEAR-USDT
Kraken Futures PF_NEARUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BingX. 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
- $102.76
- Price spread: −0.002% → +0.053%
- −$5.52
- Slippage, 4 orders
- −$29.61
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $47.62
- Costs to cover
- 0.496%
- Break-even
- 3.8 days
Slippage from BingX: live order book, 14 min ago; Kraken Futures: live order book, 4 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 BingX live order book, 14 min ago | 1.13 bp | 6.1 bp −$6 | 9.7 bp −$97 | 20.5 bp −$2,054 | 51.2 bp −$25.6K |
| Sell Kraken Futures live order book, 4 min ago | 10.71 bp | 15.9 bp −$16 | 17.4 bp −$174 | 58.6 bp −$5,859 | 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 | 4.4057 | −0.029% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0008% | 1h | 4.3839 | −0.524% | $2.3M | $15.3M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.4022 | −0.109% | $109K | $70K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.3925 | −0.329% | $580K | $22.0M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.4028 | −0.094% | $165K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −6.036% | $578 | $302K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.4030 | −0.091% | $113K | $516K | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.3933 | −0.310% | $420K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.4111 | +0.094% | $270.8M | $1.10B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.4063 | −0.016% | $221.4M | $424.3M | 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
Binance NEARUSDT
Bybit NEARUSDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.4030 | −0.091% | $62.6M | $299.1M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3987 | −0.187% | $251K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.4056 | −0.032% | $32.0M | $63.8M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.4100 | +0.068% | $74.3M | $149.6M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.4050 | −0.045% | $54.7M | $46.1M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.4032 | −0.086% | $72.4M | $130.5M | 75x | as long as short |
| BingX NEAR-USDTlong | +0.0100% | 8h | 4.4070 | long leg | — | $147.8M | — | |
| Variational Omni NEAR | +0.0100% | 8h | 4.3777 | −0.665% | $8.5M | $18.2M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3892 | −0.405% | $263K | $976K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3860 | −0.477% | $1.4M | $1.4M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3820 | −0.567% | $168K | $801K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.4079 | +0.020% | $234K | $3.9M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.4054 | −0.036% | $56K | $227K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.4200 | +0.295% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.4035 | −0.079% | $8K | $52K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.4110 | +0.091% | $457K | $4.0M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.4100 | +0.068% | $3.8M | $8.4M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.3875 | −0.443% | $32K | $608 | 10x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.4082 | +0.028% | $205K | $40K | 3x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.4040 | −0.068% | $13.9M | $32.8M | 75x | as long as short |
| Hyperliquid NEAR | +0.0249% | 1h | 4.4097 | +0.062% | $363.5M | $323.8M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0271% | 1h | 4.4080 | +0.023% | $1.3M | $6.5M | 20x | as long as short |
| Aster NEARUSDT | +0.0291% | 8h | 4.4070 | 0.000% | $3.0M | $5.6M | 50x | as long as short |
| Extended NEAR-USD | +0.0296% | 1h | 4.4022 | −0.110% | $3.9M | $19.7M | 25x | as long as short |
| 01 Exchange NEARUSD | +0.0296% | 1h | 4.4061 | −0.020% | $13K | $7K | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0320% / S −0.0191% | 1h | 4.4030 | −0.091% | $232K | — | 100x | as long as short |
| Nado NEAR-PERP | +0.0532% | 1h | 4.4045 | −0.057% | $1.9M | $3.1M | 10x | as long as short |
| Lighter RH NEAR | +0.0568% | 1h | 4.4100 | +0.068% | $1.5M | $7.2M | 10x | as long as short |
| Arcus NEAR-USD | +0.0581% | 1h | 4.4050 | −0.045% | $218K | $1.8M | 10x | as long as short |
| Kraken Futures PF_NEARUSDshort | +0.0589% | 1h | 4.4069 | −0.002% | $8.1M | $39.9M | 50x | |
| Phoenix NEAR | +0.0794% | 1h | 4.3965 | −0.238% | $1.8M | $2.8M | 10x | as long as short |
| Lighter NEAR | +0.0896% | 1h | 4.4123 | +0.119% | $17.8M | $26.4M | 15x | as long as short |
| RISEx NEAR/USDC | +0.0926% | 1h | 4.4054 | −0.036% | $584K | $1.4M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.1204% | 1h | 4.4087 | +0.039% | $2.0M | $7.3M | 25x | as long as short |
| Aftermath Perps NEARUSD | +0.1506% | 1h | 4.4026 | −0.099% | $5K | $12K | 10x | as long as short |
OKX NEAR-USDT-SWAP
Bulk NEAR-USD
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
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
Aevo NEAR-PERP
BloFin NEAR-USDT
Hyperliquid NEAR
Backpack NEAR_USDC_PERP
Aster NEARUSDT
Extended NEAR-USD
01 Exchange NEARUSD
GMX NEAR/USD [ETH-USDC]
Nado NEAR-PERP
Lighter RH NEAR
Arcus NEAR-USD
Phoenix NEAR
Lighter NEAR
RISEx NEAR/USDC
Deribit NEAR_USDC-PERPETUAL
Aftermath Perps NEARUSD