Funding you earn now, next payment 06:00 UTC−0.0568%/8h= −62.2% APRpaid last 24h −0.102%
Price spread now: MEXC against Kraken Futures−0.081%7-day average −0.046% · you buy dearer than you sell
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$350.352% of the position
Funding, last 7 days−0.213%−$21 on $10k
+Price spread, last 4 days (all we have)−0.147%−$15 · spread now −0.081%, 7d avg −0.046%
=Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and MEXC is 0.036% cheaper against Kraken Futures than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.046%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.213% in total (about -11.1% 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 | 4.4456 | 0.0711 | pay 0.0089% / 1h | 2m 11s | $7.4M | $39.1M | 50x |
| Short | MEXC NEAR_USDT | 4.4420 | 0.0143 | get 0.0143% / 8h | 2h 02m | $85.2M | $146.9M | 200x |
Kraken Futures PF_NEARUSD
MEXC NEAR_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$119.35
- Price spread: −0.081% → −0.046%
- −$3.56
- Slippage, 4 orders
- −$25.22
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$158.14
- Costs to cover
- 0.352%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 2 min ago; MEXC: live order book, 2 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, 2 min ago | 4.76 bp | 16.8 bp −$17 | 24.7 bp −$247 | 50.1 bp −$5,012 | 5955.7 bp −$2.98M |
| Sell MEXC live order book, 2 min ago | 1.13 bp | 1.4 bp −$1 | 11.2 bp −$112 | 34.6 bp −$3,462 | 71.6 bp −$35.8K |
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 | 4.4407 | −0.112% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.4395 | −0.139% | $109K | $68K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.4446 | −0.023% | $168K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −6.852% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.4430 | −0.059% | $113K | $497K | 50x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.4460 | +0.009% | $223.9M | $424.2M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.4450 | −0.014% | $62.7M | $296.7M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.4419 | −0.083% | $253K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.4396 | −0.135% | $33.9M | $61.4M | 75x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.4430 | −0.059% | $53.5M | $46.0M | 75x | as long as short |
Reya NEARRUSDPERP
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Bulk NEAR-USD
Gate NEAR_USDT
KuCoin NEARUSDTMShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget NEARUSDT | +0.0100% | 8h | 4.4448 | −0.018% | $73.3M | $127.1M | 75x | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.4197 | −0.582% | $8.9M | $18.4M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.4142 | −0.706% | $258K | $965K | 20x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.4433 | −0.052% | $273K | $3.9M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.4489 | +0.074% | $58K | $243K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.4540 | +0.188% | $1K | $1.3M | 20x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.4500 | +0.099% | $474K | $4.0M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.4440 | −0.036% | $3.7M | $8.3M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0102% | 8h | 4.4360 | −0.217% | $32K | $608 | 10x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0111% | 8h | 4.4060 | −0.891% | $1.5M | $1.5M | 10x | as long as short |
| Aevo NEAR-PERP | +0.0120% | 1h | 4.4505 | +0.110% | $207K | $40K | 3x | as long as short |
| BingX NEAR-USDC | +0.0130% | 8h | 4.4490 | +0.076% | — | $6.7M | — | as long as short |
| MEXC NEAR_USDTshort | +0.0143% | 8h | 4.4420 | −0.081% | $85.2M | $146.9M | 200x | |
| Binance NEARUSDT | +0.0147% | 8h | 4.4500 | +0.099% | $270.5M | $1.09B | 75x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0256% | 1h | 4.4545 | +0.200% | $2.3M | $16.5M | 50x | as long as short |
| BloFin NEAR-USDT | +0.0264% | 8h | 4.4300 | −0.351% | $13.4M | $32.7M | 75x | as long as short |
| Kalshi KXNEARPERP | +0.0312% | 8h | 4.4459 | +0.006% | $1.1M | $24.7M | 2.2x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0315% / S −0.0201% | 1h | 4.4444 | −0.028% | $238K | — | 100x | as long as short |
| Aster NEARUSDT | +0.0345% | 8h | 4.4489 | +0.074% | $2.9M | $5.2M | 50x | as long as short |
| Nado NEAR-PERP | +0.0381% | 1h | 4.4435 | −0.047% | $1.7M | $3.2M | 10x | as long as short |
| Extended NEAR-USD | +0.0448% | 1h | 4.4437 | −0.043% | $3.7M | $19.2M | 25x | as long as short |
| ApeX Omni NEARUSDT | +0.0450% | 1h | 4.4150 | −0.689% | $167K | $803K | 50x | as long as short |
| SoDEX NEAR-USD | +0.0497% | 1h | 4.4455 | −0.003% | $5K | $52K | 10x | as long as short |
| Hyperliquid NEAR | +0.0690% | 1h | 4.4467 | +0.024% | $366.0M | $311.6M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0697% | 1h | 4.4372 | −0.189% | $1.3M | $6.5M | 20x | as long as short |
| 01 Exchange NEARUSD | +0.0704% | 1h | 4.4494 | +0.085% | $13K | $7K | 10x | as long as short |
| Kraken Futures PF_NEARUSDlong | +0.0711% | 1h | 4.4456 | long leg | $7.4M | $39.1M | 50x | |
| Arcus NEAR-USD | +0.0814% | 1h | 4.4460 | +0.009% | $227K | $1.6M | 10x | as long as short |
| Pacifica NEAR | +0.0847% | 1h | 4.4412 | −0.100% | $407K | $1.4M | 10x | as long as short |
| Lighter NEAR | +0.0936% | 1h | 4.4529 | +0.165% | $17.4M | $25.3M | 15x | as long as short |
| Phoenix NEAR | +0.1033% | 1h | 4.4241 | −0.484% | $1.8M | $2.5M | 10x | as long as short |
| Lighter RH NEAR | +0.1112% | 1h | 4.4537 | +0.182% | $1.5M | $7.5M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.1122% | 1h | 4.4508 | +0.117% | $2.0M | $12.1M | 25x | as long as short |
| RISEx NEAR/USDC | +0.1220% | 1h | 4.4452 | −0.010% | $691K | $1.4M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1239% | 1h | 4.4037 | −0.944% | $5K | $12K | 10x | as long as short |
Bitget NEARUSDT
Variational Omni NEAR
edgeX NEARUSDC
Polymarket Perps NEAR-USD
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
HTX NEAR-USDT
Phemex NEARUSDT
Paradex NEAR-USD-PERP
GRVT NEAR_USDT_Perp
Aevo NEAR-PERP
BingX NEAR-USDC
Binance NEARUSDT
Coinbase International NEAR-PERP-INTX
BloFin NEAR-USDT
Kalshi KXNEARPERP
GMX NEAR/USD [ETH-USDC]
Aster NEARUSDT
Nado NEAR-PERP
Extended NEAR-USD
ApeX Omni NEARUSDT
SoDEX NEAR-USD
Hyperliquid NEAR
Backpack NEAR_USDC_PERP
01 Exchange NEARUSD
Arcus NEAR-USD
Pacifica NEAR
Lighter NEAR
Phoenix NEAR
Lighter RH NEAR
Deribit NEAR_USDC-PERPETUAL
RISEx NEAR/USDC
Aftermath Perps NEARUSD