Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0610%/8h= −66.8% APRpaid last 24h −0.096%

Price spread now: Paradex against Kraken Futures+0.087%7-day average — · you sell dearer than you buy

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

Long on Kraken Futures Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

The price spread pays, funding is against you. Paradex is 0.087% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.087% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 11 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_NEARUSD	4.3408	0.0710	pay 0.0089% / 1h	19m 12s	$7.6M	$39.0M	50x
Short	Paradex NEAR-USD-PERP	4.3445	0.0100	get 0.0100% / 8h	3h 19m	$31K	$608	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.087%Rate

Funding earned: −$128.06
Price spread: +0.087% → 0.000%: $8.72
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$133.34
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 5 min ago; Paradex: 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	6.47 bp	11.6 bp −$12	12.9 bp −$129	51.6 bp −$5,160	5906.2 bp −$2.95M
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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
Reya NEARRUSDPERP	−0.0171%	1h	4.3399	−0.019%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3486	+0.180%	$107K	$69K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3372	−0.082%	$162K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.602%	$578	$301K	12x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0056%	1h	4.3486	+0.181%	$2.3M	$15.9M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3430	+0.052%	$110K	$502K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3433	+0.058%	$265.7M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3386	−0.050%	$214.5M	$426.4M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3390	−0.040%	$61.4M	$289.4M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3250	−0.362%	$246K	−$0	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NEAR_USDT	+0.0100%	8h	4.3378	−0.068%	$32.1M	$61.7M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3430	+0.052%	$73.9M	$146.0M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3420	+0.029%	$53.8M	$46.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3383	−0.057%	$71.5M	$127.9M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3420	+0.029%	—	$145.9M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3327	−0.185%	$8.2M	$18.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3370	−0.086%	$253K	$949K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3370	−0.087%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3370	−0.087%	$167K	$795K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3454	+0.107%	$275K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3406	−0.004%	$57K	$246K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3480	+0.167%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3560	+0.351%	$472K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3430	+0.052%	$3.7M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERPshort	+0.0100%	8h	4.3445	+0.087%	$31K	$608	10x
Aevo NEAR-PERP	+0.0104%	1h	4.3404	−0.008%	$202K	$37K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3430	+0.052%	$13.5M	$32.2M	75x	as long as short
Pacifica NEAR	+0.0263%	1h	4.3503	+0.220%	$402K	$1.3M	10x	as long as short
Kalshi KXNEARPERP	+0.0288%	8h	4.3465	+0.132%	$876K	$23.5M	2.2x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0324% / S −0.0198%	1h	4.3364	−0.101%	$234K	—	100x	as long as short
Aster NEARUSDT	+0.0335%	8h	4.3430	+0.052%	$2.8M	$5.5M	50x	as long as short
SoDEX NEAR-USD	+0.0354%	1h	4.3385	−0.052%	$6K	$53K	10x	as long as short
01 Exchange NEARUSD	+0.0512%	1h	4.3517	+0.252%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0570%	1h	4.3417	+0.021%	$1.8M	$3.1M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0583%	1h	4.3414	+0.015%	$1.3M	$6.7M	20x	as long as short
Hyperliquid NEAR	+0.0590%	1h	4.3460	+0.121%	$355.8M	$314.3M	10x	as long as short
Extended NEAR-USD	+0.0600%	1h	4.3366	−0.096%	$3.8M	$20.0M	25x	as long as short
Arcus NEAR-USD	+0.0627%	1h	4.3500	+0.213%	$214K	$1.6M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0649%	1h	4.3400	−0.017%	$1.9M	$9.5M	25x	as long as short
Kraken Futures PF_NEARUSDlong	+0.0710%	1h	4.3408	long leg	$7.6M	$39.0M	50x
Lighter RH NEAR	+0.0896%	1h	4.3464	+0.130%	$1.5M	$7.4M	10x	as long as short
Phoenix NEAR	+0.0941%	1h	4.3290	−0.271%	$1.8M	$2.8M	10x	as long as short
Lighter NEAR	+0.1104%	1h	4.3464	+0.131%	$17.5M	$25.0M	15x	as long as short
RISEx NEAR/USDC	+0.1162%	1h	4.3502	+0.217%	$687K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1548%	1h	4.3466	+0.135%	$5K	$13K	10x	as long as short