NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0430%/8h= −47.1% APRnext payment −$0.54 per $10,000 · paid last 24h +0.146%

Price spread now: Kraken Futures against dYdX+0.371%7-day average +0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs−$101as in the Funding arb table

Net, price: spread back to 7d avg − costs−$110as in the Price arb table

costs, in and out, $10k−$1411.413% of the position

Long on dYdX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.399%+$40 on $10k

Price spread, last 4 days (all we have)+0.768%+$77 · spread now +0.371%, 7d avg +0.054%

Together, before fees+1.168%+$117 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.318% dearer against dYdX than usual: you sell high and buy low (spread +0.371% now, against its 7-day average of +0.054%): +$32 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 2.5 days. Mind the row above: over the last 7 days funding on this pair paid +0.399%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX NEAR-USD	4.3716	0	get 0.0000% / 1h	27m 51s	$107K	$65K	10x
Short	Kraken Futures PF_NEARUSD	4.3878	−0.0430	pay 0.0054% / 1h	27m 51s	$7.2M	$38.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against dYdX. 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 dYdXbpFee Kraken FuturesbpOrdersPrice spread, now +0.371%Rate

Funding earned: −$90.38
Price spread: +0.371% → +0.054%: $31.76
Slippage, 4 orders: −$121.27
Fee dYdX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$199.9
Costs to cover: 1.413%
Break-even: never at this rate

Slippage from dYdX: live order book, 6 min ago; Kraken Futures: live order book, 1 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 dYdX live order book, 6 min ago	50.42 bp	55.4 bp −$55	69.4 bp −$694	172.8 bp −$17.3K	588.2 bp −$294.1K
Sell Kraken Futures live order book, 1 min ago	8.69 bp	16.1 bp −$16	18.8 bp −$188	49.1 bp −$4,914	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	−0.0430%	1h	4.3878	+0.371%	$7.2M	$38.6M	50x
Reya NEARRUSDPERP	−0.0171%	1h	4.3733	+0.040%	$2K	—	20x	as long as short
dYdX NEAR-USDlong	0.0000%	1h	4.3716	long leg	$107K	$65K	10x
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3779	+0.146%	$164K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.274%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3690	−0.058%	$120K	$503K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.3860	+0.330%	$2.7M	$4.7M	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3850	+0.307%	$264.5M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3839	+0.282%	$220.9M	$427.3M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3820	+0.239%	$61.8M	$295.5M	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	4.3720	+0.010%	$221K	$1.5M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3750	+0.079%	$252K	$3K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3846	+0.299%	$36.8M	$62.3M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3860	+0.331%	$91.0M	$157.8M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3870	+0.353%	$52.7M	$45.4M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3822	+0.244%	$72.4M	$127.6M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3688	−0.063%	$9.0M	$18.1M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3715	−0.002%	$253K	$896K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3710	−0.013%	$1.4M	$1.6M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3730	+0.033%	$165K	$825K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3715	−0.001%	$273K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3911	+0.447%	$57K	$238K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3760	+0.102%	$2K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3880	+0.376%	$5K	$49K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3900	+0.422%	$3.5M	$8.1M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3729	+0.031%	$32K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3848	+0.304%	$3.6M	$15.5M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3885	+0.388%	$204K	$40K	3x	as long as short
BingX NEAR-USDC	+0.0107%	8h	4.3830	+0.262%	—	$6.6M	—	as long as short
Kalshi KXNEARPERP	+0.0140%	8h	4.3751	+0.081%	$868K	$25.4M	2.2x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3790	+0.170%	$12.7M	$32.4M	75x	as long as short
Hyperliquid NEAR	+0.0255%	1h	4.3917	+0.461%	$354.9M	$316.4M	10x	as long as short
Nado NEAR-PERP	+0.0260%	1h	4.3710	−0.013%	$1.7M	$3.2M	10x	as long as short
01 Exchange NEARUSD	+0.0320%	1h	4.3719	+0.008%	$13K	$6K	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0354% / S −0.0231%	1h	4.3740	+0.057%	$269K	—	100x	as long as short
Lighter NEAR	+0.0416%	1h	4.3924	+0.476%	$17.3M	$23.9M	15x	as long as short
HTX NEAR-USDT	+0.0435%	8h	4.4010	+0.674%	$465K	$3.7M	75x	as long as short
Lighter RH NEAR	+0.0448%	1h	4.3951	+0.539%	$1.5M	$6.5M	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.3931	+0.493%	$2.3M	$17.2M	50x	as long as short
Backpack NEAR_USDC_PERP	+0.0521%	1h	4.3919	+0.465%	$1.1M	$7.2M	20x	as long as short
RISEx NEAR/USDC	+0.0656%	1h	4.3707	−0.018%	$590K	$1.5M	10x	as long as short
Pacifica NEAR	+0.0701%	1h	4.3735	+0.044%	$412K	$1.4M	10x	as long as short
Phoenix NEAR	+0.0740%	1h	4.3734	+0.042%	$1.8M	$2.4M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0912%	1h	4.3929	+0.488%	$1.9M	$13.1M	25x	as long as short
Aftermath Perps NEARUSD	+0.1031%	1h	4.3760	+0.101%	$5K	$7K	10x	as long as short