NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0174%/8h= −19.1% APRnext payment −$0.22 per $10,000 · paid last 24h −0.113%

Price spread now: Coinbase International against Kraken Futures+0.094%7-day average −0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$520.521% of the position

Long on Kraken Futures Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.362%−$36 on $10k

Price spread, last 3 days (all we have)−0.211%−$21 · spread now +0.094%, 7d avg −0.053%

Together, before fees−0.573%−$57 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.147% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.094% now, against its 7-day average of −0.053%): +$15 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 2.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_NEARUSD	4.1299	0.0150	pay 0.0019% / 1h	1m 21s	$7.5M	$37.1M	50x
Short	Coinbase International NEAR-PERP-INTX	4.1338	−0.0024	pay 0.0003% / 1h	1m 21s	$2.1M	$12.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.094%Rate

Funding earned: −$36.56
Price spread: +0.094% → −0.053%: $14.7
Slippage, 4 orders: −$32.06
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$73.92
Costs to cover: 0.521%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 3 min ago; Coinbase International: 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	2.78 bp	12.8 bp −$13	19.1 bp −$191	47.9 bp −$4,785	16592.7 bp −$8.30M
Sell Coinbase International live order book, 3 min ago	5.80 bp	12.1 bp −$12	18.8 bp −$188	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	4.1376	+0.187%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTXshort	−0.0024%	1h	4.1338	+0.094%	$2.1M	$12.6M	50x
dYdX NEAR-USD	0.0000%	1h	4.1320	+0.049%	$104K	$54K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.1331	+0.077%	$399K	$18.4M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.1386	+0.209%	$205K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	+0.268%	$578	$302K	12x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0089%	1h	4.1283	−0.039%	$1.8M	$2.1M	25x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.1340	+0.099%	$110K	$493K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.1393	+0.227%	$53K	$157K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.1315	+0.039%	$30K	$647	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster NEARUSDT	+0.0100%	8h	4.1348	+0.118%	$2.9M	$5.9M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.1321	+0.052%	$348K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.1386	+0.209%	$235.9M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.1361	+0.149%	$210.6M	$428.7M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.1370	+0.171%	$56.4M	$275.9M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.1252	−0.115%	$235K	$6K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.1377	+0.188%	$29.5M	$58.5M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.1400	+0.244%	$81.2M	$145.1M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.1400	+0.244%	$56.0M	$44.9M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.1388	+0.215%	$68.8M	$126.7M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.1350	+0.123%	—	$136.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.1203	−0.233%	$7.6M	$18.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.1358	+0.142%	$236K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.1313	+0.034%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.1340	+0.099%	$181K	$793K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.1406	+0.258%	$204K	$3.1M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.1390	+0.220%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.1265	−0.083%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.1290	−0.023%	$3.8M	$8.2M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.1306	+0.017%	$3.8M	$14.7M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.1385	+0.208%	$201K	$61K	3x	as long as short
Arcus NEAR-USD	+0.0118%	1h	4.1340	+0.099%	$307K	$1.6M	10x	as long as short
Kraken Futures PF_NEARUSDlong	+0.0150%	1h	4.1299	long leg	$7.5M	$37.1M	50x
01 Exchange NEARUSD	+0.0160%	1h	4.1342	+0.103%	$12K	$7K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.1370	+0.171%	$12.2M	$33.6M	75x	as long as short
Lighter RH NEAR	+0.0256%	1h	4.1365	+0.159%	$1.4M	$7.2M	10x	as long as short
Nado NEAR-PERP	+0.0355%	1h	4.1364	+0.158%	$1.8M	$3.6M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0377% / S −0.0324%	1h	4.1390	+0.221%	$276K	—	100x	as long as short
RISEx NEAR/USDC	+0.0569%	1h	4.1344	+0.108%	$411K	$1.2M	10x	as long as short
Phoenix NEAR	+0.0582%	1h	4.1419	+0.290%	$1.7M	$2.8M	10x	as long as short
Lighter NEAR	+0.0720%	1h	4.1317	+0.044%	$15.2M	$23.1M	15x	as long as short
Backpack NEAR_USDC_PERP	+0.0742%	1h	4.1331	+0.077%	$1.4M	$5.7M	20x	as long as short
Hyperliquid NEAR	+0.0834%	1h	4.1438	+0.336%	$348.4M	$299.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.0927%	1h	4.1332	+0.080%	$5K	$11K	10x	as long as short
HTX NEAR-USDT	+0.1058%	8h	4.1460	+0.389%	$446K	$3.7M	75x	as long as short