NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0739%/8h= −80.9% APRnext payment −$0.92 per $10,000 · paid last 24h −0.129%

Price spread now: dYdX against Kraken Futures+0.060%7-day average −0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$306as in the Funding arb table

Net, price: spread back to 7d avg − costs−$258as in the Price arb table

costs, in and out, $10k−$2682.680% of the position

Long on Kraken Futures Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.377%−$38 on $10k

Price spread, last 4 days (all we have)−0.299%−$30 · spread now +0.060%, 7d avg −0.043%

Together, before fees−0.676%−$68 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.103% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.060% now, against its 7-day average of −0.043%): +$10 on $10k if it goes back. Holding the pair costs −$22 a day in funding at the current rate, which eats that in about 11 hours. At the pace of the last 7 days (−0.377% in total) that is about 46 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.377% in total (about -19.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.92 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	4.2811	0.0739	pay 0.0092% / 1h	49m 10s	$7.6M	$38.7M	50x
Short	dYdX NEAR-USD	4.2836	0	get 0.0000% / 1h	49m 10s	$106K	$68K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.060%Rate

Funding earned: −$155.13
Price spread: +0.060% → −0.043%: $10.27
Slippage, 4 orders: −$247.95
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$412.81
Costs to cover: 2.680%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 5 min ago; dYdX: live order book, 65 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, 5 min ago	9.01 bp	17.5 bp −$17	19.8 bp −$198	51.3 bp −$5,132	5672.4 bp −$2.84M
Sell dYdX live order book, 65 min ago	109.99 bp	121.3 bp −$121	130.1 bp −$1,301	137.5 bp −$13.8K	368.1 bp −$184.1K

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	4.2843	+0.075%	$2K	—	20x	as long as short
dYdX NEAR-USDshort	0.0000%	1h	4.2836	+0.060%	$106K	$68K	10x
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.2809	−0.005%	$160K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.272%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2810	−0.002%	$111K	$500K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2847	+0.084%	$261.3M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.2806	−0.011%	$212.6M	$423.8M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2830	+0.045%	$60.4M	$285.1M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2835	+0.057%	$244K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2800	−0.025%	$32.0M	$59.6M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC NEAR_USDT	+0.0100%	8h	4.2830	+0.045%	$70.4M	$142.4M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2840	+0.068%	$53.0M	$45.7M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2813	+0.005%	$70.8M	$127.7M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.2820	+0.021%	—	$144.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.2828	+0.039%	$8.2M	$18.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2783	−0.064%	$250K	$948K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2882	+0.167%	$1.4M	$1.5M	10x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2844	+0.078%	$272K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2856	+0.106%	$56K	$243K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2910	+0.232%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.2920	+0.255%	$460K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2830	+0.045%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.2818	+0.016%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2895	+0.197%	$199K	$37K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2900	+0.208%	$13.4M	$31.7M	75x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0256%	1h	4.2833	+0.052%	$2.3M	$15.8M	50x	as long as short
Kalshi KXNEARPERP	+0.0269%	8h	4.2841	+0.070%	$834K	$24.5M	2.2x	as long as short
Nado NEAR-PERP	+0.0274%	1h	4.2838	+0.065%	$1.7M	$3.2M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0320% / S −0.0195%	1h	4.2812	+0.003%	$229K	—	100x	as long as short
Aster NEARUSDT	+0.0336%	8h	4.2860	+0.115%	$2.8M	$5.4M	50x	as long as short
ApeX Omni NEARUSDT	+0.0347%	1h	4.2880	+0.162%	$165K	$794K	50x	as long as short
Extended NEAR-USD	+0.0496%	1h	4.2810	−0.002%	$3.7M	$19.9M	25x	as long as short
SoDEX NEAR-USD	+0.0604%	1h	4.2805	−0.014%	$6K	$53K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0672%	1h	4.2837	+0.061%	$1.3M	$6.8M	20x	as long as short
Hyperliquid NEAR	+0.0681%	1h	4.2860	+0.115%	$350.0M	$311.2M	10x	as long as short
01 Exchange NEARUSD	+0.0712%	1h	4.2891	+0.187%	$13K	$7K	10x	as long as short
Kraken Futures PF_NEARUSDlong	+0.0739%	1h	4.2811	long leg	$7.6M	$38.7M	50x
Lighter NEAR	+0.0792%	1h	4.2860	+0.116%	$16.8M	$25.0M	15x	as long as short
Arcus NEAR-USD	+0.0814%	1h	4.2860	+0.115%	$210K	$1.6M	10x	as long as short
Pacifica NEAR	+0.0847%	1h	4.2880	+0.162%	$392K	$1.3M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0895%	1h	4.2858	+0.110%	$1.9M	$10.8M	25x	as long as short
Lighter RH NEAR	+0.0968%	1h	4.2869	+0.136%	$1.5M	$7.2M	10x	as long as short
Phoenix NEAR	+0.1033%	1h	4.2873	+0.145%	$1.8M	$2.5M	10x	as long as short
RISEx NEAR/USDC	+0.1220%	1h	4.2849	+0.089%	$684K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1481%	1h	4.2875	+0.149%	$5K	$12K	10x	as long as short