Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0118%/8h= +12.9% APRpaid last 24h +0.099%

Price spread now: Kraken Futures against GRVT+0.447%7-day average +0.095% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$590.591% of the position

Long on GRVT Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.164%+$16 on $10k

Price spread, last 3 days (all we have)−0.564%−$56 · spread now +0.447%, 7d avg +0.095%

Together, before fees−0.400%+ Points / potential airdropGRVT: Active · farm board−$40 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Kraken Futures is 0.352% dearer against GRVT than usual: you sell high and buy low: +$35 more if the spread goes back to its 7-day average of +0.095%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT NEAR_USDT_Perp	4.3229	0.0100	pay 0.0100% / 8h	6h 45m	$1.4M	$1.3M	10x
Short	Kraken Futures PF_NEARUSD	4.3422	0.0218	get 0.0027% / 1h	45m 28s	$7.7M	$39.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against GRVT. 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 GRVTbpFee Kraken FuturesbpOrdersPrice spread, now +0.447%Rate

Funding earned: $24.76
Price spread: +0.447% → +0.095%: $35.23
Slippage, 4 orders: −$40.15
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $0.84
Costs to cover: 0.591%
Break-even: 6.8 days

Slippage from GRVT: live order book, 3 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 GRVT live order book, 3 min ago	2.31 bp	20.9 bp −$21	30.2 bp −$302	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 4 min ago	5.54 bp	15.7 bp −$16	18.8 bp −$188	53.0 bp −$5,301	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	4.3350	+0.279%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0064%	1h	4.3473	+0.564%	$2.2M	$13.5M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3451	+0.514%	$108K	$69K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3440	+0.488%	$520K	$19.2M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3409	+0.415%	$201K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.208%	$578	$302K	12x	as long as short
Variational Omni NEAR	+0.0040%	8h	4.3438	+0.484%	$8.2M	$19.1M	—	as long as short
Phemex NEARUSDT	+0.0071%	8h	4.3440	+0.488%	$3.8M	$8.3M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3420	+0.442%	$116K	$477K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.3430	+0.465%	$58K	$161K	20x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica NEAR	+0.0100%	1h	4.3485	+0.591%	$411K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3420	+0.442%	$258.4M	$1.06B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3420	+0.442%	$220.9M	$418.9M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3380	+0.349%	$61.3M	$280.6M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3500	+0.627%	$206K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3300	+0.164%	$247K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3392	+0.377%	$31.2M	$60.2M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3390	+0.372%	$76.9M	$137.3M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3420	+0.442%	$55.8M	$42.7M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3363	+0.310%	$71.8M	$123.3M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3390	+0.372%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3320	+0.209%	$260K	$1.0M	20x	as long as short
GRVT NEAR_USDT_Perplong	+0.0100%	8h	4.3229	long leg	$1.4M	$1.3M	10x
ApeX Omni NEARUSDT	+0.0100%	1h	4.3310	+0.187%	$179K	$778K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3434	+0.474%	$206K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3480	+0.580%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3410	+0.418%	$5K	$52K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3490	+0.603%	$443K	$3.9M	75x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3454	+0.520%	$31K	$608	10x	as long as short
Aster NEARUSDT	+0.0103%	8h	4.3500	+0.627%	$3.0M	$5.8M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3424	+0.450%	$3.8M	$17.3M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3425	+0.453%	$202K	$34K	3x	as long as short
Kraken Futures PF_NEARUSDshort	+0.0218%	1h	4.3422	+0.447%	$7.7M	$39.5M	50x
BloFin NEAR-USDT	+0.0220%	8h	4.3220	−0.021%	$13.2M	$27.6M	75x	as long as short
Nado NEAR-PERP	+0.0334%	1h	4.3356	+0.294%	$1.9M	$3.0M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0359% / S −0.0277%	1h	4.3391	+0.375%	$260K	—	100x	as long as short
01 Exchange NEARUSD	+0.0384%	1h	4.3479	+0.578%	$13K	$7K	10x	as long as short
RISEx NEAR/USDC	+0.0509%	1h	4.3463	+0.540%	$541K	$1.3M	10x	as long as short
Phoenix NEAR	+0.0592%	1h	4.3533	+0.703%	$1.8M	$2.6M	10x	as long as short
Lighter RH NEAR	+0.0696%	1h	4.3524	+0.682%	$1.6M	$6.9M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0787%	1h	4.3448	+0.506%	$1.9M	$4.1M	25x	as long as short
Backpack NEAR_USDC_PERP	+0.0854%	1h	4.3485	+0.592%	$1.4M	$6.0M	20x	as long as short
Hyperliquid NEAR	+0.0861%	1h	4.3458	+0.529%	$368.6M	$303.3M	10x	as long as short
Lighter NEAR	+0.1432%	1h	4.3557	+0.758%	$17.4M	$24.6M	15x	as long as short
Aftermath Perps NEARUSD	+0.1437%	1h	4.3308	+0.182%	$5K	$12K	10x	as long as short