NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0606%/8h= +66.4% APRnext payment +$0.76 per $10,000 · paid last 24h +0.079%

Price spread now: Kraken Futures against Bulk+0.159%7-day average +0.035% · 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−$43as in the Price arb table

costs, in and out, $10k−$560.556% of the position

Long on Bulk Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.187%+$19 on $10k

Price spread, last 3 days (all we have)+0.180%+$18 · spread now +0.159%, 7d avg +0.035%

Together, before fees+0.367%+$37 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Kraken Futures is 0.124% dearer against Bulk than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.035%.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.187% in total (about 19.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.76 per $10,000. 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	Bulk NEAR-USD	4.3555	0.0100	pay 0.0013% / 1h	58m 59s	$248K	−$0	10x
Short	Kraken Futures PF_NEARUSD	4.3624	0.0706	get 0.0088% / 1h	58m 59s	$8.2M	$41.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Bulk. 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 BulkbpFee Kraken FuturesbpOrdersPrice spread, now +0.159%Rate

Funding earned: $127.31
Price spread: +0.159% → +0.035%: $12.38
Slippage, 4 orders: −$38.63
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $84.06
Costs to cover: 0.556%
Break-even: 2.4 days

Slippage from Bulk: live order book, 5 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 Bulk live order book, 5 min ago	11.45 bp	15.0 bp −$15	15.0 bp −$150	26.3 bp −$2,628	54.7 bp −$27.4K
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	+0.100%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.3453	−0.234%	$2.2M	$14.1M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3708	+0.351%	$108K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3634	+0.181%	$555K	$19.4M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3614	+0.136%	$197K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.925%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3640	+0.195%	$114K	$489K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3701	+0.336%	$413K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3660	+0.241%	$264.8M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3645	+0.206%	$219.8M	$416.8M	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3630	+0.172%	$62.0M	$288.8M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3670	+0.264%	$208K	$1.7M	10x	as long as short
Bulk NEAR-USDlong	+0.0100%	1h	4.3555	long leg	$248K	−$0	10x
Gate NEAR_USDT	+0.0100%	8h	4.3590	+0.080%	$31.4M	$61.4M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3670	+0.264%	$75.7M	$139.3M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3660	+0.241%	$53.9M	$43.8M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3685	+0.298%	$71.7M	$126.0M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3630	+0.172%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3517	−0.087%	$8.4M	$18.3M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3545	−0.024%	$269K	$1.0M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3541	−0.033%	$1.4M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3520	−0.081%	$194K	$778K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3652	+0.223%	$204K	$3.6M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3627	+0.165%	$60K	$190K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3680	+0.287%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3605	+0.115%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3700	+0.333%	$456K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3570	+0.034%	$3.8M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3612	+0.131%	$31K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3669	+0.262%	$3.8M	$18.6M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3620	+0.149%	$203K	$34K	3x	as long as short
Aster NEARUSDT	+0.0177%	8h	4.3655	+0.229%	$3.0M	$5.5M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0348% / S −0.0243%	1h	4.3608	+0.122%	$255K	—	100x	as long as short
01 Exchange NEARUSD	+0.0408%	1h	4.3662	+0.246%	$13K	$7K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0415%	1h	4.3638	+0.190%	$1.9M	$4.3M	25x	as long as short
Phoenix NEAR	+0.0592%	1h	4.3584	+0.066%	$1.8M	$2.5M	10x	as long as short
Hyperliquid NEAR	+0.0621%	1h	4.3655	+0.229%	$367.5M	$306.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0677%	1h	4.3625	+0.161%	$1.5M	$6.3M	20x	as long as short
Kraken Futures PF_NEARUSDshort	+0.0706%	1h	4.3624	+0.159%	$8.2M	$41.1M	50x
Nado NEAR-PERP	+0.0716%	1h	4.3616	+0.140%	$1.9M	$3.1M	10x	as long as short
Lighter RH NEAR	+0.0840%	1h	4.3625	+0.161%	$1.6M	$6.9M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.3671	+0.267%	$551K	$1.3M	10x	as long as short
Lighter NEAR	+0.1376%	1h	4.3643	+0.201%	$17.4M	$25.5M	15x	as long as short
Aftermath Perps NEARUSD	+0.1709%	1h	4.3682	+0.291%	$5K	$12K	10x	as long as short