NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0052%/8h= +5.7% APRnext payment +$0.06 per $10,000 · paid last 24h +0.143%

Price spread now: Arcus against Kraken Futures−0.086%7-day average +0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$370.372% of the position

Long on Kraken Futures Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.128%+$13 on $10k

Price spread, last 3 days (all we have)−0.261%−$26 · spread now −0.086%, 7d avg +0.049%

Together, before fees−0.134%−$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. Arcus is 0.135% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.086% now, against its 7-day average of +0.049%). If the spread goes back, that is −$13 on $10k: about 8.7 days of funding at the current rate (+$2 a day). At the pace of the last 3 days (+0.128% in total) that is about 3.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_NEARUSD	4.2136	0.0048	pay 0.0006% / 1h	13m 33s	$7.7M	$36.2M	50x
Short	Arcus NEAR-USD	4.2100	0.0100	get 0.0013% / 1h	13m 33s	$212K	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Kraken Futures. 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 Kraken FuturesbpFee ArcusbpOrdersPrice spread, now −0.086%Rate

Funding earned: $10.9
Price spread: −0.086% → +0.049%: −$13.5
Slippage, 4 orders: −$22.69
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$39.78
Costs to cover: 0.372%
Break-even: 32.5 days

Slippage from Kraken Futures: live order book, 6 min ago; Arcus: live order book, just now.

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 Kraken Futures live order book, 6 min ago	6.05 bp	18.1 bp −$18	22.5 bp −$225	48.1 bp −$4,806	5100.6 bp −$2.55M
Sell Arcus live order book, just now	1.19 bp	3.9 bp −$4	8.9 bp −$89	doesn't fit	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	4.2119	−0.041%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0032%	1h	4.2129	−0.017%	$2.2M	$12.7M	50x	as long as short
Injective NEAR/USDC PERP	−0.0002%	1h	4.1410	−1.724%	$578	$302K	12x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2094	−0.102%	$109K	$58K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2119	−0.041%	$446K	$18.4M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2141	+0.011%	$209K	—	150x	as long as short
Kraken Futures PF_NEARUSDlong	+0.0048%	1h	4.2136	long leg	$7.7M	$36.2M	50x
Popdex NEARUSDT	+0.0096%	1h	4.2110	−0.062%	$108K	$485K	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2070	−0.158%	$30K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2137	+0.002%	$3.0M	$5.7M	50x	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	4.2094	−0.101%	$364K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2130	−0.015%	$242.2M	$1.06B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.2113	−0.055%	$215.2M	$418.3M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2120	−0.039%	$58.5M	$276.3M	50x	as long as short
Arcus NEAR-USDshort	+0.0100%	1h	4.2100	−0.086%	$212K	$1.7M	10x
Gate NEAR_USDT	+0.0100%	8h	4.2107	−0.069%	$30.0M	$58.1M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2130	−0.015%	$83.0M	$143.1M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2150	+0.033%	$55.4M	$43.5M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2129	−0.017%	$69.9M	$124.3M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.2090	−0.110%	—	$136.9M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.2040	−0.229%	$7.8M	$18.1M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2112	−0.057%	$246K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2084	−0.124%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2120	−0.039%	$176K	$793K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2157	+0.049%	$205K	$3.2M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2125	−0.027%	$56K	$194K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2200	+0.151%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2108	−0.067%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2130	−0.015%	$3.9M	$8.1M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2042	−0.224%	$240K	$2K	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2090	−0.111%	$3.9M	$14.7M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2106	−0.072%	$203K	$62K	3x	as long as short
Lighter RH NEAR	+0.0120%	1h	4.2151	+0.035%	$1.5M	$7.0M	10x	as long as short
01 Exchange NEARUSD	+0.0128%	1h	4.2148	+0.028%	$12K	$7K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0154%	1h	4.2148	+0.028%	$1.9M	$2.2M	25x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2130	−0.015%	$12.4M	$31.9M	75x	as long as short
RISEx NEAR/USDC	+0.0364%	1h	4.2131	−0.012%	$410K	$1.2M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0385% / S −0.0332%	1h	4.2134	−0.005%	$286K	—	100x	as long as short
Hyperliquid NEAR	+0.0491%	1h	4.2223	+0.206%	$358.3M	$294.4M	10x	as long as short
Nado NEAR-PERP	+0.0501%	1h	4.2098	−0.090%	$1.9M	$3.5M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0517%	1h	4.2159	+0.054%	$1.2M	$5.6M	20x	as long as short
Phoenix NEAR	+0.0542%	1h	4.2164	+0.066%	$1.7M	$2.7M	10x	as long as short
Lighter NEAR	+0.0928%	1h	4.2197	+0.144%	$16.3M	$23.6M	15x	as long as short
HTX NEAR-USDT	+0.0939%	8h	4.2290	+0.365%	$453K	$3.5M	75x	as long as short
Aftermath Perps NEARUSD	+0.0985%	1h	4.2112	−0.058%	$5K	$11K	10x	as long as short