Funding you earn now, next payment 06:00 UTC−0.0637%/8h= −69.8% APRnext payment −$0.80 per $10,000 · paid last 24h −0.102%
Price spread now: Bulk against Kraken Futures−0.115%7-day average −0.047% · 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−$68as in the Price arb table
costs, in and out, $10k−$620.616% of the position
Funding, last 4 days (all we have)−0.202%−$20 on $10k
+Price spread, last 4 days (all we have)−0.203%−$20 · spread now −0.115%, 7d avg −0.047%
=Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and Bulk is 0.068% cheaper against Kraken Futures than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.047%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.202% in total (about -20.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.80 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_NEARUSD | 4.2885 | 0.0737 | pay 0.0092% / 1h | 51m 10s | $7.6M | $38.8M | 50x |
| Short | Bulk NEAR-USD | 4.2835 | 0.0100 | get 0.0013% / 1h | 51m 10s | $244K | −$0 | 10x |
Kraken Futures PF_NEARUSD
Bulk NEAR-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$133.86
- Price spread: −0.115% → −0.047%
- −$6.77
- Slippage, 4 orders
- −$44.62
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$202.24
- Costs to cover
- 0.616%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 3 min ago; Bulk: live order book, 63 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 | 9.01 bp | 17.5 bp −$17 | 19.8 bp −$198 | 51.3 bp −$5,132 | 5672.4 bp −$2.84M |
| Sell Bulk live order book, 63 min ago | 11.45 bp | 15.0 bp −$15 | 15.0 bp −$150 | 32.8 bp −$3,279 | 63.3 bp −$31.7K |
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 | 4.2831 | −0.125% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.2812 | −0.169% | $106K | $68K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.2827 | −0.133% | $160K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −3.439% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.2800 | −0.197% | $111K | $501K | 50x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.2920 | +0.082% | $261.7M | $1.09B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.2875 | −0.022% | $212.7M | $426.4M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.2890 | +0.013% | $60.5M | $286.5M | 50x | as long as short |
| Bulk NEAR-USDshort | +0.0100% | 1h | 4.2835 | −0.115% | $244K | −$0 | 10x | |
| Gate NEAR_USDT | +0.0100% | 8h | 4.2862 | −0.053% | $32.0M | $59.5M | 75x | as long as short |
Reya NEARRUSDPERP
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Binance NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Gate NEAR_USDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC NEAR_USDT | +0.0100% | 8h | 4.2910 | +0.059% | $70.7M | $142.4M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.2920 | +0.083% | $53.1M | $45.8M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.2878 | −0.015% | $70.9M | $127.9M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.2890 | +0.013% | — | $144.7M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.2828 | −0.133% | $8.1M | $18.0M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.2783 | −0.236% | $250K | $948K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.2800 | −0.197% | $1.4M | $1.5M | 10x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.2854 | −0.071% | $273K | $3.9M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.2893 | +0.020% | $56K | $243K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.2970 | +0.199% | $2K | $1.4M | 20x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.2860 | −0.057% | $459K | $4.0M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.2920 | +0.083% | $3.6M | $8.3M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.2772 | −0.262% | $31K | $608 | 10x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.2924 | +0.091% | $200K | $37K | 3x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.2950 | +0.152% | $13.4M | $31.7M | 75x | as long as short |
| Nado NEAR-PERP | +0.0248% | 1h | 4.2789 | −0.224% | $1.7M | $3.2M | 10x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0256% | 1h | 4.2840 | −0.104% | $2.3M | $15.8M | 50x | as long as short |
| Kalshi KXNEARPERP | +0.0270% | 8h | 4.2852 | −0.076% | $831K | $24.5M | 2.2x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0320% / S −0.0195% | 1h | 4.2840 | −0.105% | $229K | — | 100x | as long as short |
| Aster NEARUSDT | +0.0335% | 8h | 4.2906 | +0.050% | $2.8M | $5.5M | 50x | as long as short |
| ApeX Omni NEARUSDT | +0.0365% | 1h | 4.2740 | −0.337% | $164K | $793K | 50x | as long as short |
| Extended NEAR-USD | +0.0504% | 1h | 4.2869 | −0.035% | $3.7M | $19.9M | 25x | as long as short |
| SoDEX NEAR-USD | +0.0638% | 1h | 4.2885 | +0.001% | $6K | $53K | 10x | as long as short |
| Hyperliquid NEAR | +0.0660% | 1h | 4.2920 | +0.083% | $350.4M | $311.1M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0676% | 1h | 4.2908 | +0.055% | $1.3M | $6.8M | 20x | as long as short |
| 01 Exchange NEARUSD | +0.0680% | 1h | 4.2839 | −0.106% | $13K | $7K | 10x | as long as short |
| Kraken Futures PF_NEARUSDlong | +0.0737% | 1h | 4.2885 | long leg | $7.6M | $38.8M | 50x | |
| Lighter NEAR | +0.0752% | 1h | 4.2936 | +0.119% | $16.8M | $25.0M | 15x | as long as short |
| Arcus NEAR-USD | +0.0814% | 1h | 4.2820 | −0.151% | $210K | $1.6M | 10x | as long as short |
| Pacifica NEAR | +0.0847% | 1h | 4.2828 | −0.132% | $393K | $1.3M | 10x | as long as short |
| Lighter RH NEAR | +0.0928% | 1h | 4.2948 | +0.148% | $1.5M | $7.2M | 10x | as long as short |
| Phoenix NEAR | +0.1033% | 1h | 4.2873 | −0.027% | $1.8M | $2.5M | 10x | as long as short |
| RISEx NEAR/USDC | +0.1220% | 1h | 4.2802 | −0.192% | $676K | $1.3M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.1337% | 1h | 4.2918 | +0.078% | $1.9M | $10.6M | 25x | as long as short |
| Aftermath Perps NEARUSD | +0.1463% | 1h | 4.2876 | −0.019% | $5K | $12K | 10x | as long as short |
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDT
Variational Omni NEAR
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
Polymarket Perps NEAR-USD
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
HTX NEAR-USDT
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Aevo NEAR-PERP
BloFin NEAR-USDT
Nado NEAR-PERP
Coinbase International NEAR-PERP-INTX
Kalshi KXNEARPERP
GMX NEAR/USD [ETH-USDC]
Aster NEARUSDT
ApeX Omni NEARUSDT
Extended NEAR-USD
SoDEX NEAR-USD
Hyperliquid NEAR
Backpack NEAR_USDC_PERP
01 Exchange NEARUSD
Lighter NEAR
Arcus NEAR-USD
Pacifica NEAR
Lighter RH NEAR
Phoenix NEAR
RISEx NEAR/USDC
Deribit NEAR_USDC-PERPETUAL
Aftermath Perps NEARUSD