NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0597%/8h= +65.4% APRnext payment +$0.75 per $10,000 · paid last 24h +0.139%

Price spread now: Kraken Futures against Coinbase International+0.146%7-day average +0.060% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$620.620% of the position

Long on Coinbase International Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.383%+$38 on $10k

Price spread, last 4 days (all we have)−0.029%−$3 · spread now +0.146%, 7d avg +0.060%

Together, before fees+0.354%+$35 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 0.086% dearer against Coinbase International than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.060%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.383% in total (about 20.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.75 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	Coinbase International NEAR-PERP-INTX	4.4022	−0.0008	get 0.0001% / 1h	20m 44s	$2.3M	$15.4M	50x
Short	Kraken Futures PF_NEARUSD	4.4086	0.0589	get 0.0074% / 1h	20m 44s	$8.1M	$39.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Coinbase International. 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 Coinbase InternationalbpFee Kraken FuturesbpOrdersPrice spread, now +0.146%Rate

Funding earned: $125.39
Price spread: +0.146% → +0.060%: $8.59
Slippage, 4 orders: −$41.96
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $72.02
Costs to cover: 0.620%
Break-even: 3.0 days

Slippage from Coinbase International: live order book, 3 min ago; Kraken Futures: live order book, 3 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 Coinbase International live order book, 3 min ago	5.22 bp	10.8 bp −$11	18.6 bp −$186	414.1 bp −$41.4K	doesn't fit
Sell Kraken Futures live order book, 3 min ago	10.88 bp	16.2 bp −$16	18.1 bp −$181	51.1 bp −$5,113	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	4.4067	+0.101%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTXlong	−0.0008%	1h	4.4022	long leg	$2.3M	$15.4M	50x
dYdX NEAR-USD	0.0000%	1h	4.4022	−0.001%	$109K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4109	+0.198%	$600K	$22.1M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4052	+0.069%	$165K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.933%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4070	+0.109%	$113K	$518K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4054	+0.072%	$421K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4080	+0.132%	$270.7M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4020	−0.005%	$221.4M	$424.3M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4060	+0.086%	$62.6M	$299.2M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4098	+0.173%	$251K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4032	+0.023%	$32.0M	$63.9M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4090	+0.154%	$74.4M	$149.8M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4080	+0.132%	$54.6M	$46.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4024	+0.005%	$72.4M	$130.4M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.4030	+0.018%	—	$147.5M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4057	+0.079%	$8.5M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4206	+0.417%	$265K	$977K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4210	+0.427%	$1.5M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4050	+0.064%	$169K	$802K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4108	+0.195%	$232K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4075	+0.120%	$56K	$227K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4180	+0.359%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4140	+0.268%	$457K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4110	+0.200%	$3.8M	$8.4M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4078	+0.126%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4105	+0.189%	$205K	$40K	3x	as long as short
SoDEX NEAR-USD	+0.0106%	1h	4.4055	+0.075%	$8K	$52K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4110	+0.200%	$13.9M	$32.8M	75x	as long as short
Backpack NEAR_USDC_PERP	+0.0296%	1h	4.4099	+0.175%	$1.4M	$6.5M	20x	as long as short
Aster NEARUSDT	+0.0303%	8h	4.4060	+0.086%	$3.0M	$5.5M	50x	as long as short
Hyperliquid NEAR	+0.0305%	1h	4.4084	+0.141%	$363.6M	$324.6M	10x	as long as short
01 Exchange NEARUSD	+0.0320%	1h	4.4130	+0.245%	$13K	$7K	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0320% / S −0.0190%	1h	4.4035	+0.029%	$233K	—	100x	as long as short
Extended NEAR-USD	+0.0352%	1h	4.4028	+0.015%	$3.9M	$19.7M	25x	as long as short
Nado NEAR-PERP	+0.0536%	1h	4.4067	+0.103%	$1.9M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0581%	1h	4.4130	+0.245%	$218K	$1.8M	10x	as long as short
Kraken Futures PF_NEARUSDshort	+0.0589%	1h	4.4086	+0.146%	$8.1M	$39.7M	50x
Lighter RH NEAR	+0.0608%	1h	4.4108	+0.195%	$1.5M	$7.2M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0749%	1h	4.4093	+0.161%	$2.0M	$7.3M	25x	as long as short
Phoenix NEAR	+0.0794%	1h	4.4289	+0.607%	$1.8M	$2.8M	10x	as long as short
Lighter NEAR	+0.0920%	1h	4.4101	+0.180%	$17.8M	$26.5M	15x	as long as short
RISEx NEAR/USDC	+0.0926%	1h	4.4128	+0.241%	$588K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1487%	1h	4.4118	+0.218%	$5K	$12K	10x	as long as short