Funding you earn now, next payment 22:00 UTC−0.0061%/8h= −6.7% APRnext payment −$0.08 per $10,000 · paid last 24h −0.021%
Price spread now: Deribit against Kraken Futures−0.039%7-day average +0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$430.431% of the position
Funding, last 7 days+0.160%+$16 on $10k
+Price spread, last 3 days (all we have)+0.055%+$6 · spread now −0.039%, 7d avg +0.033%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Deribit is 0.072% 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 +0.033%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.160%, so the current rate has only just turned against you.
| 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 19s | $7.5M | $37.1M | 50x |
| Short | Deribit NEAR_USDC-PERPETUAL | 4.1283 | 0.0089 | get 0.0011% / 1h | 1m 19s | $1.8M | $2.1M | 25x |
Kraken Futures PF_NEARUSD
Deribit NEAR_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$12.83
- Price spread: −0.039% → +0.033%
- −$7.24
- Slippage, 4 orders
- −$26.1
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$63.17
- Costs to cover
- 0.431%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 3 min ago; Deribit: 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 Deribit live order book, 3 min ago | 3.98 bp | 7.7 bp −$8 | 13.9 bp −$139 | 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-INTX | −0.0024% | 1h | 4.1338 | +0.094% | $2.1M | $12.6M | 50x | as long as short |
| 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-PERPETUALshort | +0.0089% | 1h | 4.1283 | −0.039% | $1.8M | $2.1M | 25x | |
| 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 |
Reya NEARRUSDPERP
Coinbase International NEAR-PERP-INTX
dYdX NEAR-USD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Orderly PERP_NEAR_USDC
Paradex NEAR-USD-PERPShow 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 |
Aster NEARUSDT
Pacifica NEAR
Binance NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Bulk NEAR-USD
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDT
Variational Omni NEAR
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
SunX NEAR-USDT
SoDEX NEAR-USD
Phemex NEARUSDT
Extended NEAR-USD
Aevo NEAR-PERP
Arcus NEAR-USD
01 Exchange NEARUSD
BloFin NEAR-USDT
Lighter RH NEAR
Nado NEAR-PERP
GMX NEAR/USD [ETH-USDC]
RISEx NEAR/USDC
Phoenix NEAR
Lighter NEAR
Backpack NEAR_USDC_PERP
Hyperliquid NEAR
Aftermath Perps NEARUSD
HTX NEAR-USDT