NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0164%/8h= +17.9% APRnext payment +$0.20 per $10,000 · paid last 24h −0.026%

Price spread now: Injective against Kraken Futures−3.967%63s7-day average +0.952% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.136%−$14 on $10k

Price spread, last 3 days (all we have)+6.043%+$604 · spread now −3.967%, 7d avg +0.952%

Together, before fees+5.908%+$591 on $10k · with fees, hour by hour

Funding pays, the price is against you. Injective is 4.919% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −3.967% now, against its 7-day average of +0.952%). If the spread goes back, that is −$492 on $10k: about 3 months of funding at the current rate (+$5 a day). Mind the row above: over the last 7 days funding on this pair cost −0.136%, so the current rate has only just turned in your favour. The two prices were read 63 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	4.3121	−0.0130	get 0.0016% / 1h	54m 07s	$7.6M	$37.2M	50x
Short	Injective NEAR/USDC PERP	4.1410	0.0033	get 0.0004% / 1h	54m 07s	$578	$302K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −3.967%Rate

Funding earned: $34.39
Price spread: −3.967% → +0.952%: −$491.87
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$467.49
Costs to cover: 0.100%
Break-even: 102.1 days

Slippage unknown: Kraken Futures: live order book, 5 min ago; Injective: no order-book sample. Net counts fees only.

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	6.68 bp	13.0 bp −$13	16.8 bp −$168	46.5 bp −$4,647	5231.7 bp −$2.62M
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Phemex NEARUSDT	−0.1723%	8h	4.3100	−0.048%	$3.9M	$8.5M	50x	as long as short
Bybit NEARUSDT	−0.0197%	8h	4.3060	−0.141%	$219.2M	$419.1M	75x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.2966	−0.358%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSDlong	−0.0130%	1h	4.3121	long leg	$7.6M	$37.2M	50x
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.3091	−0.069%	$2.3M	$13.1M	50x	as long as short
01 Exchange NEARUSD	−0.0016%	1h	4.2991	−0.301%	$13K	$7K	10x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2984	−0.318%	$111K	$62K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3084	−0.085%	$377K	$18.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3023	−0.227%	$204K	—	150x	as long as short
Variational Omni NEAR	+0.0019%	8h	4.2869	−0.583%	$7.9M	$18.5M	—	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective NEAR/USDC PERPshort	+0.0033%	1h	4.1410	−3.967%	$578	$302K	12x
Popdex NEARUSDT	+0.0096%	1h	4.2980	−0.326%	$111K	$479K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.3090	−0.071%	$57K	$194K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2971	−0.348%	$31K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.3052	−0.160%	$3.0M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.2983	−0.319%	$402K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3108	−0.028%	$255.7M	$1.07B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3090	−0.071%	$60.7M	$282.5M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2990	−0.303%	$197K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2646	−1.100%	$243K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3100	−0.048%	$31.1M	$58.5M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3100	−0.048%	$79.7M	$138.4M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3110	−0.025%	$56.3M	$43.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3102	−0.043%	$71.5M	$125.3M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3080	−0.094%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2790	−0.767%	$244K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2819	−0.700%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2780	−0.790%	$179K	$794K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2989	−0.305%	$193K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3150	+0.068%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3090	−0.071%	$4K	$53K	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3063	−0.132%	$3.9M	$16.4M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3089	−0.072%	$201K	$28K	3x	as long as short
HTX NEAR-USDT	+0.0154%	8h	4.3170	+0.115%	$459K	$3.6M	75x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2820	−0.697%	$13.0M	$29.3M	75x	as long as short
Lighter RH NEAR	+0.0328%	1h	4.3149	+0.066%	$1.6M	$6.8M	10x	as long as short
Hyperliquid NEAR	+0.0350%	1h	4.3155	+0.080%	$368.1M	$299.8M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0376% / S −0.0313%	1h	4.3018	−0.238%	$275K	—	100x	as long as short
RISEx NEAR/USDC	+0.0428%	1h	4.3007	−0.262%	$418K	$1.2M	10x	as long as short
Phoenix NEAR	+0.0463%	1h	4.2848	−0.632%	$1.8M	$2.7M	10x	as long as short
Nado NEAR-PERP	+0.0463%	1h	4.2941	−0.417%	$1.9M	$3.4M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0473%	1h	4.3164	+0.101%	$1.4M	$5.6M	20x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0678%	1h	4.3139	+0.043%	$1.9M	$2.9M	25x	as long as short
Aftermath Perps NEARUSD	+0.1169%	1h	4.2861	−0.602%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1712%	1h	4.3218	+0.226%	$17.3M	$23.7M	15x	as long as short