NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.1235%/8h= −135.3% APRnext payment −$1.54 per $10,000 · paid last 24h +0.022%

Price spread now: Kraken Futures against Deribit−0.139%7-day average −0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$480.484% of the position

Long on Deribit Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.187%−$19 on $10k

Price spread, last 4 days (all we have)+0.145%+$15 · spread now −0.139%, 7d avg −0.049%

Together, before fees−0.042%−$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$37 a day on $10k at the current rate, and Kraken Futures is 0.090% cheaper against Deribit than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.049%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.187% in total (about -9.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.54 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	Deribit NEAR_USDC-PERPETUAL	4.3737	0.0803	pay 0.0100% / 1h	30m 35s	$1.9M	$13.1M	25x
Short	Kraken Futures PF_NEARUSD	4.3676	−0.0432	pay 0.0054% / 1h	30m 35s	$7.2M	$38.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Deribit. 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 DeribitbpFee Kraken FuturesbpOrdersPrice spread, now −0.139%Rate

Funding earned: −$259.43
Price spread: −0.139% → −0.049%: −$9.02
Slippage, 4 orders: −$31.36
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$316.81
Costs to cover: 0.484%
Break-even: never at this rate

Slippage from Deribit: live order book, 4 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 Deribit live order book, 4 min ago	3.55 bp	7.1 bp −$7	17.2 bp −$172	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 4 min ago	10.44 bp	18.6 bp −$19	22.3 bp −$223	45.9 bp −$4,589	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
Kraken Futures PF_NEARUSDshort	−0.0432%	1h	4.3676	−0.139%	$7.2M	$38.7M	50x
Reya NEARRUSDPERP	−0.0171%	1h	4.3683	−0.123%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3703	−0.079%	$107K	$65K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3689	−0.110%	$164K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.320%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3720	−0.039%	$120K	$503K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.3720	−0.039%	$2.7M	$4.7M	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3727	−0.023%	$263.6M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3700	−0.085%	$220.1M	$427.4M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3690	−0.107%	$61.6M	$294.8M	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus NEAR-USD	+0.0100%	1h	4.3750	+0.030%	$222K	$1.5M	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3684	−0.121%	$36.6M	$62.2M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3690	−0.107%	$90.4M	$157.6M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3720	−0.039%	$52.5M	$45.4M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3690	−0.107%	$72.1M	$127.5M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3688	−0.113%	$9.0M	$18.1M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3563	−0.398%	$253K	$895K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3640	−0.221%	$1.4M	$1.6M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3550	−0.428%	$164K	$825K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3703	−0.078%	$273K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3718	−0.043%	$56K	$239K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3800	+0.144%	$2K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3695	−0.096%	$5K	$50K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3710	−0.062%	$3.5M	$8.1M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3708	−0.066%	$252K	$3K	10x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3699	−0.087%	$32K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3679	−0.133%	$3.6M	$15.5M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3710	−0.062%	$203K	$40K	3x	as long as short
BingX NEAR-USDC	+0.0107%	8h	4.3700	−0.085%	—	$6.7M	—	as long as short
Kalshi KXNEARPERP	+0.0141%	8h	4.3727	−0.023%	$865K	$25.4M	2.2x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3730	−0.016%	$12.7M	$32.3M	75x	as long as short
Hyperliquid NEAR	+0.0236%	1h	4.3691	−0.105%	$353.1M	$316.3M	10x	as long as short
Nado NEAR-PERP	+0.0263%	1h	4.3730	−0.016%	$1.7M	$3.1M	10x	as long as short
01 Exchange NEARUSD	+0.0320%	1h	4.3740	+0.007%	$13K	$6K	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0353% / S −0.0256%	1h	4.3677	−0.137%	$257K	—	100x	as long as short
HTX NEAR-USDT	+0.0408%	8h	4.3850	+0.258%	$463K	$3.7M	75x	as long as short
Lighter NEAR	+0.0424%	1h	4.3743	+0.013%	$17.3M	$23.9M	15x	as long as short
Lighter RH NEAR	+0.0464%	1h	4.3752	+0.034%	$1.5M	$6.4M	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.3757	+0.046%	$2.3M	$17.2M	50x	as long as short
Backpack NEAR_USDC_PERP	+0.0519%	1h	4.3716	−0.048%	$1.1M	$7.1M	20x	as long as short
RISEx NEAR/USDC	+0.0656%	1h	4.3729	−0.019%	$591K	$1.5M	10x	as long as short
Pacifica NEAR	+0.0701%	1h	4.3695	−0.097%	$412K	$1.4M	10x	as long as short
Phoenix NEAR	+0.0740%	1h	4.3734	−0.007%	$1.8M	$2.4M	10x	as long as short
Deribit NEAR_USDC-PERPETUALlong	+0.0803%	1h	4.3737	long leg	$1.9M	$13.1M	25x
Aftermath Perps NEARUSD	+0.1033%	1h	4.3729	−0.018%	$5K	$7K	10x	as long as short