Funding arb · Price arb / Crypto

NEAR

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LONGBullet▾Injective −0.0131%RISEx −0.0108%dYdX 0.0000%Kalshi 0.0000%Deribit 0.0000%Phemex +0.0059%Orderly +0.0059%N1 +0.0080%BingX +0.0080%Lighter +0.0096%Lighter RH +0.0096%Popdex +0.0096%Paradex +0.0099%Nado +0.0100%Hyperliquid +0.0100%Aster +0.0100%Pacifica +0.0100%Binance +0.0100%Bybit +0.0100%OKX +0.0100%Arcus +0.0100%Gate +0.0100%MEXC +0.0100%KuCoin +0.0100%Bitget +0.0100%Variational Omni +0.0100%edgeX +0.0100%GRVT +0.0100%ApeX Omni +0.0100%Polymarket Perps +0.0100%Bullet +0.0100%SunX +0.0100%SoDEX +0.0100%HTX +0.0100%Extended +0.0104%Aevo +0.0104%Avantis +0.0146%GMX +0.0174%BloFin +0.0220%Phoenix +0.0274%Backpack +0.0365%gTrade (Gains Network) +0.0414%Aftermath Perps +0.0764%Coinbase International +0.8824%

⇄⇅

SHORTKraken Futures▾Coinbase International +0.8824%Aftermath Perps +0.0764%Backpack +0.0365%Phoenix +0.0274%BloFin +0.0220%gTrade (Gains Network) −0.0178%Extended +0.0104%Aevo +0.0104%Hyperliquid +0.0100%Aster +0.0100%Pacifica +0.0100%Binance +0.0100%Bybit +0.0100%OKX +0.0100%Arcus +0.0100%Gate +0.0100%MEXC +0.0100%KuCoin +0.0100%Bitget +0.0100%Variational Omni +0.0100%edgeX +0.0100%GRVT +0.0100%ApeX Omni +0.0100%Polymarket Perps +0.0100%SunX +0.0100%SoDEX +0.0100%HTX +0.0100%Nado +0.0100%Paradex +0.0099%Popdex +0.0096%Lighter +0.0096%Lighter RH +0.0096%GMX −0.0083%N1 +0.0080%BingX +0.0080%Orderly +0.0059%Avantis −0.0059%Phemex +0.0059%dYdX 0.0000%Kalshi 0.0000%Deribit 0.0000%RISEx −0.0108%Injective −0.0131%Kraken Futures −0.0176%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	BulletNEAR-USD	5.2386	+0.0100	pay 0.0013% / 1h	15m 00s	$56K	$208K	20x	Long Bullet
SHORT	Kraken FuturesPF_NEARUSD	5.2349	−0.0176	pay 0.0022% / 1h	15m 00s	$5.9M	$27.3M	50x	Short Kraken Futures

Price gap−0.071%

Funding gap−0.0276% /8h

Both sides work against this direction now: funding costs $8 a day on $10k and the gap is 0.121% under its 7d average. Swap the legs.

The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.001% in total, about 0.0000%/8h on average.

Price and funding

Price spreadPricesFundingLeg ratesP&L

1m5m15m

1h · loading 5m…

24H3D7D14D30D90D

Price spread?

Prices?

Funding?per 8h

P&L?

PRICE SPREAD · 7D

Now−0.071%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D▾

share of time at each level

Funding on every exchange

/8h

24H3D7D14D30D90D

BulletKraken Futures

NEAR on 45 exchanges

lowest funding first

Before you open

1 ok · 4 to watch

• !
  Watch: Large against open interest5.6 / 14.2 bp

  $10k is over 10% of Bullet’s open interest.
• i
  Note: Margin at max leverage$500 + $200

  Bullet 20x, Kraken Futures 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• ✓
  OK: Same payment interval1h / 1h

  Both legs pay at the same time.

  Long Bullet · 1h−$3.00

  Short Kraken Futures · 1h−$5.28

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: −$8.28Long Bullet: 24 payments, −$3.00; short Kraken Futures: 24 payments, −$5.28.
• !
  Watch: Gap narrower than usual−0.071% vs +0.050%

  Less room for the price leg to pay you. If it goes back to average, the short loses.
• !
  Watch: Long leg is thinner$56K vs $5.9M OI

  Bullet sets your exit cost. Check its book before closing.
• i
  Note: No points program—

  Neither exchange runs points right now.
• !
  Watch: KYCBullet No · Kraken Futures Yes

  Full verification; not offered in the US (a separate US product), Canada, Australia (wholesale only) or to retail UK clients.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned0.0000%/8h × 21 periods−$0.08

Price spread−0.071% → +0.050% (7d avg)−$12.13

Slippage, 4 orderslive order books−$22.21

Fee Bullet bp × 2 orders−$8.00

Fee Kraken Futures bp × 2 orders−$10.00

Net · 7 days · $10k−$52.42

Costs to cover0.402%Break-evennever at this rate

Slippage: Bullet: live order book, 48 min ago; Kraken Futures: live order book, 3 min ago

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGBullet1.135.6 bp−$611.8 bp−$118doesn’t fitdoesn’t fit

SELL · SHORTKraken Futures9.0314.2 bp−$1416.5 bp−$16546.4 bp−$4,640doesn’t fit

Closing costs about the same again.

Alert

FundingSpread

Tell me when it goes above%/8hNot more often than everymin

Create alert

NEAR news

posts that mention NEAR, from every exchangeSearch all news →

09-30 02:45	MEXC	Other	Not NEAR anymore. It’s here. 👀 $NRR is officially trading on NYSE Arca. Continuation or sell the news? 🤔 @MEXC on X ↗
09-30 01:05	Reya	Listing	NEARRUSDPERP no longer reported ($NEAR) seen by our collector
09-29 11:00	Bulk	Listing	NEAR-USD no longer reported ($NEAR) seen by our collector
09-28 18:50	Aevo	Other	bitcoin:native is back near $83k after trading above $86k last week. Whether you trade the continuation or pullback, all options and this week’s Perp Majors count toward the volume requirement for our year-end reward. This week’s Perp Majors include: BTC, ETH, SOL, ZEC, NEAR, HYPE, LIT, SPY, QQQ, HOOD, SNDK, MU, NVDA, TSLA, GOOGL. @aevoxyz on X ↗
09-28 14:46	RISEx	Other	This week on RISEx Market Desk: Macro: A third central bank joins the hiking cycle, and Friday delivers the first jobs report since the Fed’s pivot Crypto: Solana’s biggest upgrade yet goes live, NEAR ETF clears key hurdles, and Zcash pulls off a 3-for-1 split. Equities: One trade, three tickers - Micron ($MU) reports after the close, with potential spillover to $SKHYNIX, $DRAM, and $SNDK Watching Friday closely. Trade well @risextrade on X ↗
09-28 03:00	MEXC	Other	NEAR enough to get interesting. 👀 ETF access is getting closer. Momentum holds or cools off? @MEXC on X ↗