Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0664%/8h= +72.7% APRpaid last 24h −0.005%

Price spread now: HTX against Kraken Futures+0.230%7-day average +0.213% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$850.852% of the position

Long on Kraken Futures Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.365%+$36 on $10k

Price spread, last 3 days (all we have)+0.038%+$4 · spread now +0.230%, 7d avg +0.213%

Together, before fees+0.402%+$40 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.213%, so right now this pair is about funding alone: +$20 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.365% in total (about 19.0% a year). A funding rate is set anew for every payment. 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	4.2722	0.0119	pay 0.0015% / 1h	15m 03s	$7.6M	$37.6M	50x
Short	HTX NEAR-USDT	4.2820	0.0782	get 0.0782% / 8h	15m 03s	$459K	$3.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.230%Rate

Funding earned: $139.37
Price spread: +0.230% → +0.213%: $1.69
Slippage, 4 orders: −$63.24
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: $55.82
Costs to cover: 0.852%
Break-even: 4.2 days

Slippage from Kraken Futures: live order book, 4 min ago; HTX: live order book, 4 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, 4 min ago	8.64 bp	22.5 bp −$23	29.1 bp −$291	61.1 bp −$6,110	5448.2 bp −$2.72M
Sell HTX live order book, 4 min ago	5.84 bp	18.1 bp −$18	42.1 bp −$421	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	4.2652	−0.163%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0072%	1h	4.2618	−0.243%	$2.2M	$13.0M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2761	+0.092%	$111K	$62K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2698	−0.056%	$356K	$18.7M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2703	−0.045%	$201K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.071%	$578	$302K	12x	as long as short
Variational Omni NEAR	+0.0047%	8h	4.2759	+0.087%	$7.9M	$18.5M	—	as long as short
Bybit NEARUSDT	+0.0051%	8h	4.2627	−0.222%	$217.2M	$422.7M	75x	as long as short
01 Exchange NEARUSD	+0.0072%	1h	4.2730	+0.019%	$13K	$7K	10x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2700	−0.051%	$109K	$495K	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2693	−0.067%	$57K	$194K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2726	+0.010%	$31K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2706	−0.037%	$3.0M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.2771	+0.114%	$400K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2655	−0.156%	$252.6M	$1.08B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2610	−0.262%	$60.6M	$285.6M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2750	+0.066%	$196K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2950	+0.534%	$245K	$2K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2669	−0.124%	$30.5M	$60.1M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2700	−0.051%	$77.7M	$142.3M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2730	+0.019%	$55.8M	$43.5M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2653	−0.161%	$70.8M	$126.2M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.2660	−0.145%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2754	+0.075%	$244K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2783	+0.143%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2750	+0.066%	$179K	$791K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2696	−0.060%	$199K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2730	+0.019%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2704	−0.042%	$4K	$54K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2680	−0.098%	$3.8M	$8.6M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2658	−0.148%	$3.9M	$16.1M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2675	−0.110%	$201K	$66K	3x	as long as short
Kraken Futures PF_NEARUSDlong	+0.0119%	1h	4.2722	long leg	$7.6M	$37.6M	50x
Deribit NEAR_USDC-PERPETUAL	+0.0125%	1h	4.2702	−0.046%	$1.9M	$2.5M	25x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2680	−0.098%	$13.0M	$29.3M	75x	as long as short
Lighter RH NEAR	+0.0320%	1h	4.2763	+0.096%	$1.5M	$7.1M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0375% / S −0.0314%	1h	4.2698	−0.056%	$274K	—	100x	as long as short
RISEx NEAR/USDC	+0.0404%	1h	4.2751	+0.069%	$419K	$1.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0452%	1h	4.2716	−0.014%	$1.4M	$5.6M	20x	as long as short
Phoenix NEAR	+0.0463%	1h	4.2892	+0.398%	$1.8M	$2.7M	10x	as long as short
Nado NEAR-PERP	+0.0672%	1h	4.2685	−0.086%	$1.9M	$3.4M	10x	as long as short
Hyperliquid NEAR	+0.0685%	1h	4.2717	−0.011%	$365.1M	$300.2M	10x	as long as short
HTX NEAR-USDTshort	+0.0782%	8h	4.2820	+0.230%	$459K	$3.7M	75x
Aftermath Perps NEARUSD	+0.1150%	1h	4.2766	+0.104%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1688%	1h	4.2807	+0.198%	$16.6M	$24.1M	15x	as long as short