NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0269%/8h= −29.4% APRnext payment −$0.34 per $10,000 · paid last 24h +0.135%

Price spread now: Kraken Futures against Injective+8.495%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.183%+$18 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Kraken Futures is 8.495% dearer against Injective than usual: you sell high and buy low (spread +8.495% now, against zero (this spread has no 7-day history yet)): +$849 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 4 months. Mind the row above: over the last 7 days funding on this pair paid +0.183%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.183% in total (about 9.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.34 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective NEAR/USDC PERP	4.1410	0.0033	pay 0.0004% / 1h	57m 04s	$578	$301K	12x
Short	Kraken Futures PF_NEARUSD	4.4928	−0.0235	pay 0.0029% / 1h	57m 04s	$7.4M	$37.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Injective. 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 InjectivebpFee Kraken FuturesbpOrdersPrice spread, now +8.495%Rate

Funding earned: −$56.42
Price spread: +8.495% → 0.000%: $849.48
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $783.05
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Kraken Futures: live order book, 5 min ago. Net counts fees only.

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 Injective no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 5 min ago	7.24 bp	13.3 bp −$13	18.3 bp −$183	48.9 bp −$4,892	doesn't fit

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

NEAR on 45 exchanges

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	−0.0235%	1h	4.4928	+8.495%	$7.4M	$37.1M	50x
Reya NEARRUSDPERP	−0.0171%	1h	4.4929	+8.498%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4956	+8.562%	$110K	$53K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4918	+8.471%	$789K	$26.2M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4937	+8.517%	$168K	—	150x	as long as short
Injective NEAR/USDC PERPlong	+0.0033%	1h	4.1410	long leg	$578	$301K	12x
Popdex NEARUSDT	+0.0096%	1h	4.4970	+8.597%	$124K	$508K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.4940	+8.525%	$2.6M	$4.7M	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4954	+8.558%	$273.2M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4940	+8.525%	$232.4M	$428.6M	75x	as long as short

Show all 45 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4920	+8.476%	$64.2M	$299.4M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.5100	+8.911%	$269K	$12K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4939	+8.522%	$39.9M	$61.4M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4940	+8.525%	$77.5M	$166.4M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4970	+8.597%	$53.4M	$44.3M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4910	+8.452%	$74.5M	$127.6M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.4940	+8.525%	—	$77.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.5024	+8.728%	$8.9M	$17.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.5026	+8.731%	$266K	$871K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.5100	+8.911%	$1.5M	$1.7M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.5130	+8.983%	$168K	$825K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4979	+8.619%	$281K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4978	+8.616%	$58K	$269K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.5030	+8.742%	$1K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4955	+8.561%	$5K	$40K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4980	+8.621%	$466K	$3.8M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4970	+8.597%	$3.4M	$7.9M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.4949	+8.546%	$32K	$51	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4920	+8.477%	$3.8M	$15.0M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4937	+8.517%	$209K	$38K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4990	+8.645%	$12.9M	$32.7M	75x	as long as short
Nado NEAR-PERP	+0.0246%	1h	4.4940	+8.525%	$1.7M	$3.1M	10x	as long as short
01 Exchange NEARUSD	+0.0288%	1h	4.4989	+8.643%	$13K	$5K	10x	as long as short
Lighter NEAR	+0.0320%	1h	4.4995	+8.658%	$17.6M	$23.2M	15x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0341% / S −0.0226%	1h	4.4947	+8.541%	$263K	—	100x	as long as short
Arcus NEAR-USD	+0.0343%	1h	4.5000	+8.669%	$227K	$1.4M	10x	as long as short
Hyperliquid NEAR	+0.0394%	1h	4.4975	+8.609%	$362.7M	$318.6M	10x	as long as short
Lighter RH NEAR	+0.0424%	1h	4.5004	+8.679%	$1.6M	$5.7M	10x	as long as short
RISEx NEAR/USDC	+0.0489%	1h	4.5049	+8.787%	$639K	$1.6M	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0504%	1h	4.5035	+8.754%	$2.3M	$17.7M	50x	as long as short
Backpack NEAR_USDC_PERP	+0.0621%	1h	4.4973	+8.604%	$1.1M	$7.0M	20x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0751%	1h	4.4978	+8.616%	$1.9M	$13.0M	25x	as long as short
Phoenix NEAR	+0.0851%	1h	4.5045	+8.778%	$1.7M	$2.7M	10x	as long as short
Pacifica NEAR	+0.0851%	1h	4.4955	+8.561%	$423K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1183%	1h	4.5015	+8.705%	$6K	$6K	10x	as long as short