Funding you earn now, next payment 02:00 UTC−0.0117%/8h= −12.8% APRpaid last 24h −0.087%
Price spread now: Bybit against Kraken Futures−0.225%55s7-day average −0.074% · you buy dearer than you sell
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$500.495% of the position
Funding, last 7 days−0.205%−$21 on $10k
+Price spread, last 3 days (all we have)+0.080%+$8 · spread now −0.225%, 7d avg −0.074%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bybit is 0.151% cheaper against Kraken Futures than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.074%). Swap the legs. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_NEARUSD | 4.3618 | 0.0217 | pay 0.0027% / 1h | 3m 24s | $7.7M | $40.7M | 50x |
| Short | Bybit NEARUSDT | 4.3520 | 0.0100 | get 0.0100% / 8h | 6h 03m | $219.0M | $417.8M | 75x |
Kraken Futures PF_NEARUSD
Bybit NEARUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$24.55
- Price spread: −0.225% → −0.074%
- −$15.09
- Slippage, 4 orders
- −$28.51
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$89.16
- Costs to cover
- 0.495%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 6 min ago; Bybit: live order book, 6 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, 6 min ago | 6.61 bp | 14.2 bp −$14 | 17.4 bp −$174 | 54.8 bp −$5,478 | 6936.4 bp −$3.47M |
| Sell Bybit live order book, 6 min ago | 1.14 bp | 8.6 bp −$9 | 15.4 bp −$154 | 36.8 bp −$3,677 | 247.9 bp −$124.0K |
NEAR on 44 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 | 4.3588 | −0.070% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0064% | 1h | 4.3610 | −0.019% | $2.2M | $14.2M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3601 | −0.039% | $107K | $70K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.3647 | +0.066% | $560K | $19.6M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.3511 | −0.245% | $196K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −5.063% | $578 | $302K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3610 | −0.019% | $114K | $487K | 50x | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.3557 | −0.140% | $8.4M | $18.4M | — | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.3621 | +0.007% | $409K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.3550 | −0.157% | $264.1M | $1.08B | 75x | as long as short |
Reya NEARRUSDPERP
Coinbase International NEAR-PERP-INTX
dYdX NEAR-USD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Variational Omni NEAR
Pacifica NEAR
Binance NEARUSDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit NEARUSDTshort | +0.0100% | 8h | 4.3520 | −0.225% | $219.0M | $417.8M | 75x | |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3510 | −0.248% | $62.0M | $287.9M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.3640 | +0.050% | $208K | $1.7M | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3555 | −0.145% | $248K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3532 | −0.198% | $31.5M | $63.3M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.3560 | −0.134% | $75.0M | $144.8M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3620 | +0.004% | $53.9M | $43.8M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3511 | −0.246% | $71.4M | $126.1M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.3540 | −0.180% | — | $143.6M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3788 | +0.389% | $270K | $1.0M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3556 | −0.142% | $1.4M | $1.4M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3780 | +0.371% | $199K | $774K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3644 | +0.059% | $207K | $3.6M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.3545 | −0.168% | $60K | $190K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3720 | +0.233% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.3608 | −0.024% | $5K | $51K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.3680 | +0.141% | $455K | $3.9M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3650 | +0.073% | $3.8M | $8.1M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.3592 | −0.060% | $31K | $608 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.3570 | −0.110% | $3.8M | $18.6M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.3553 | −0.150% | $203K | $34K | 3x | as long as short |
| Aster NEARUSDT | +0.0180% | 8h | 4.3604 | −0.034% | $3.0M | $5.6M | 50x | as long as short |
| Kraken Futures PF_NEARUSDlong | +0.0217% | 1h | 4.3618 | long leg | $7.7M | $40.7M | 50x | |
| GMX NEAR/USD [ETH-USDC] | L +0.0347% / S −0.0242% | 1h | 4.3513 | −0.242% | $255K | — | 100x | as long as short |
| 01 Exchange NEARUSD | +0.0408% | 1h | 4.3646 | +0.063% | $13K | $7K | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0415% | 1h | 4.3651 | +0.075% | $1.9M | $4.3M | 25x | as long as short |
| Nado NEAR-PERP | +0.0424% | 1h | 4.3597 | −0.048% | $1.9M | $3.1M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0509% | 1h | 4.3642 | +0.055% | $547K | $1.3M | 10x | as long as short |
| Phoenix NEAR | +0.0592% | 1h | 4.3816 | +0.453% | $1.8M | $2.6M | 10x | as long as short |
| Lighter RH NEAR | +0.0784% | 1h | 4.3675 | +0.130% | $1.6M | $7.1M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0825% | 1h | 4.3678 | +0.137% | $1.5M | $6.3M | 20x | as long as short |
| Hyperliquid NEAR | +0.0864% | 1h | 4.3635 | +0.038% | $367.3M | $305.9M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1646% | 1h | 4.3712 | +0.215% | $5K | $12K | 10x | as long as short |
| Lighter NEAR | +0.1704% | 1h | 4.3706 | +0.201% | $17.5M | $25.8M | 15x | as long as short |
OKX NEAR-USDT-SWAP
Arcus NEAR-USD
Bulk NEAR-USD
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDT
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
SoDEX NEAR-USD
HTX NEAR-USDT
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Extended NEAR-USD
Aevo NEAR-PERP
Aster NEARUSDT
GMX NEAR/USD [ETH-USDC]
01 Exchange NEARUSD
Deribit NEAR_USDC-PERPETUAL
Nado NEAR-PERP
RISEx NEAR/USDC
Phoenix NEAR
Lighter RH NEAR
Backpack NEAR_USDC_PERP
Hyperliquid NEAR
Aftermath Perps NEARUSD
Lighter NEAR