Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0240%/8h= +26.3% APRpaid last 24h −0.113%

Price spread now: Binance against Kraken Futures−0.212%7-day average −0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$500.499% of the position

Long on Kraken Futures Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.223%−$22 on $10k

Price spread, last 4 days (all we have)−0.952%−$95 · spread now −0.212%, 7d avg −0.029%

Together, before fees−1.175%−$117 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.183% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.212% now, against its 7-day average of −0.029%). If the spread goes back, that is −$18 on $10k: about 2.5 days of funding at the current rate (+$7 a day). Mind the row above: over the last 7 days funding on this pair cost −0.223%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_NEARUSD	4.5091	−0.0140	get 0.0018% / 1h	55m 55s	$7.4M	$38.6M	50x
Short	Binance NEARUSDT	4.4996	0.0100	get 0.0100% / 8h	6h 55m	$273.4M	$1.10B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.212%Rate

Funding earned: $50.44
Price spread: −0.212% → −0.029%: −$18.3
Slippage, 4 orders: −$29.94
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$17.8
Costs to cover: 0.499%
Break-even: 9.5 days

Slippage from Kraken Futures: live order book, 3 min ago; Binance: live order book, 3 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 Kraken Futures live order book, 3 min ago	5.64 bp	21.1 bp −$21	33.9 bp −$339	126.7 bp −$12.7K	10943.6 bp −$5.47M
Sell Binance live order book, 3 min ago	1.10 bp	6.7 bp −$7	10.8 bp −$108	36.0 bp −$3,595	148.8 bp −$74.4K

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	4.5098	+0.016%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSDlong	−0.0140%	1h	4.5091	long leg	$7.4M	$38.6M	50x
dYdX NEAR-USD	0.0000%	1h	4.5021	−0.155%	$110K	$53K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.5437	+0.767%	$170K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−8.164%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.5080	−0.025%	$119K	$521K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.4996	−0.212%	$2.7M	$4.7M	50x	as long as short
Binance NEARUSDTshort	+0.0100%	8h	4.4996	−0.212%	$273.4M	$1.10B	75x
Bybit NEARUSDT	+0.0100%	8h	4.4985	−0.235%	$233.8M	$435.4M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4900	−0.424%	$64.0M	$307.6M	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	4.5140	+0.108%	$233K	$1.4M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.5308	+0.480%	$261K	$3K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4939	−0.337%	$38.6M	$61.3M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4970	−0.269%	$81.6M	$162.6M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.5000	−0.202%	$53.5M	$45.7M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.5068	−0.051%	$74.4M	$128.5M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.4960	−0.291%	—	$6.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.5146	+0.122%	$9.4M	$17.7M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.5378	+0.637%	$268K	$880K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.5362	+0.601%	$1.5M	$1.6M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.5390	+0.663%	$169K	$826K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.5085	−0.014%	$281K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.5155	+0.142%	$59K	$269K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.5200	+0.241%	$2K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.5145	+0.119%	$5K	$44K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.5090	−0.003%	$3.5M	$8.0M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4967	−0.276%	$3.7M	$15.0M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.5166	+0.167%	$210K	$38K	3x	as long as short
Paradex NEAR-USD-PERP	+0.0109%	8h	4.5129	+0.083%	$33K	$413	10x	as long as short
Kalshi KXNEARPERP	+0.0124%	8h	4.5153	+0.137%	$834K	$25.5M	2.2x	as long as short
HTX NEAR-USDT	+0.0161%	8h	4.5140	+0.108%	$476K	$3.8M	75x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.5380	+0.641%	$12.8M	$33.4M	75x	as long as short
01 Exchange NEARUSD	+0.0248%	1h	4.5071	−0.045%	$13K	$5K	10x	as long as short
Hyperliquid NEAR	+0.0255%	1h	4.5139	+0.106%	$366.5M	$322.1M	10x	as long as short
Lighter NEAR	+0.0336%	1h	4.5181	+0.200%	$17.7M	$23.4M	15x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0341% / S −0.0235%	1h	4.5121	+0.066%	$259K	—	100x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0520%	1h	4.5182	+0.201%	$2.3M	$18.0M	50x	as long as short
RISEx NEAR/USDC	+0.0569%	1h	4.5086	−0.010%	$645K	$1.6M	10x	as long as short
Lighter RH NEAR	+0.0592%	1h	4.5135	+0.097%	$1.6M	$6.0M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0711%	1h	4.5115	+0.053%	$1.1M	$7.1M	20x	as long as short
Phoenix NEAR	+0.0740%	1h	4.5602	+1.133%	$1.8M	$2.2M	10x	as long as short
Nado NEAR-PERP	+0.0761%	1h	4.5115	+0.053%	$1.7M	$3.2M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0836%	1h	4.5171	+0.177%	$1.9M	$13.1M	25x	as long as short
Pacifica NEAR	+0.0883%	1h	4.5151	+0.132%	$426K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1266%	1h	4.5287	+0.435%	$6K	$7K	10x	as long as short