Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0597%/8h= +65.3% APRpaid last 24h +0.084%

Price spread now: Kraken Futures against Paradex−0.097%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Kraken Futures

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

Funding pays, the price is against you. Kraken Futures is 0.097% cheaper against Paradex than usual: you would sell low and buy high (spread −0.097% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 13 hours of funding at the current rate (+$18 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex NEAR-USD-PERP	4.4201	0.0101	pay 0.0101% / 8h	5h 30m	$32K	$608	10x
Short	Kraken Futures PF_NEARUSD	4.4158	0.0698	get 0.0087% / 1h	30m 31s	$8.2M	$41.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Paradex. 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 ParadexbpFee Kraken FuturesbpOrdersPrice spread, now −0.097%Rate

Funding earned: $125.29
Price spread: −0.097% → 0.000%: −$9.74
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $101.55
Costs to cover: 0.140%
Break-even: 1.3 days

Slippage unknown: Paradex: no order-book sample; Kraken Futures: live order book, 4 min ago. 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 Paradex no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 4 min ago	7.77 bp	17.6 bp −$18	21.0 bp −$210	54.2 bp −$5,423	doesn't fit

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	4.4318	+0.266%	$2K	—	20x	as long as short
Deribit NEAR_USDC-PERPETUAL	−0.0044%	1h	4.4161	−0.090%	$1.9M	$4.4M	25x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.4183	−0.040%	$2.2M	$14.6M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4232	+0.071%	$109K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4213	+0.028%	$645K	$19.6M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.4212	+0.026%	$199K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.314%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4370	+0.383%	$116K	$490K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4242	+0.093%	$418K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4362	+0.365%	$269.3M	$1.08B	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit NEARUSDT	+0.0100%	8h	4.4342	+0.320%	$223.0M	$419.5M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4300	+0.225%	$63.4M	$293.7M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4421	+0.498%	$253K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4297	+0.218%	$32.0M	$62.8M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4350	+0.338%	$76.3M	$142.9M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4270	+0.157%	$55.5M	$44.3M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4312	+0.252%	$73.0M	$127.2M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.4290	+0.202%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4186	−0.033%	$8.7M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4477	+0.626%	$267K	$989K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4540	+0.769%	$1.5M	$1.4M	10x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4357	+0.354%	$216K	$3.7M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4178	−0.051%	$60K	$195K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4210	+0.021%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4170	−0.069%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4360	+0.361%	$461K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4160	−0.092%	$3.9M	$8.1M	50x	as long as short
Paradex NEAR-USD-PERPlong	+0.0101%	8h	4.4201	long leg	$32K	$608	10x
Extended NEAR-USD	+0.0104%	1h	4.4297	+0.219%	$3.8M	$18.7M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4200	−0.001%	$206K	$34K	3x	as long as short
ApeX Omni NEARUSDT	+0.0186%	1h	4.4450	+0.564%	$172K	$793K	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4160	−0.092%	$13.6M	$31.2M	75x	as long as short
Aster NEARUSDT	+0.0234%	8h	4.4319	+0.268%	$3.0M	$5.4M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0351% / S −0.0245%	1h	4.4218	+0.039%	$260K	—	100x	as long as short
Nado NEAR-PERP	+0.0390%	1h	4.4350	+0.338%	$1.9M	$3.1M	10x	as long as short
01 Exchange NEARUSD	+0.0392%	1h	4.4335	+0.304%	$13K	$7K	10x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.4350	+0.338%	$211K	$1.7M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0600%	1h	4.4166	−0.078%	$1.4M	$6.6M	20x	as long as short
Kraken Futures PF_NEARUSDshort	+0.0698%	1h	4.4158	−0.097%	$8.2M	$41.0M	50x
Lighter RH NEAR	+0.0760%	1h	4.4348	+0.333%	$1.6M	$6.9M	10x	as long as short
Hyperliquid NEAR	+0.0761%	1h	4.4382	+0.410%	$369.7M	$309.0M	10x	as long as short
Phoenix NEAR	+0.0855%	1h	4.4463	+0.594%	$1.8M	$2.7M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.4371	+0.385%	$559K	$1.3M	10x	as long as short
Lighter NEAR	+0.1312%	1h	4.4300	+0.225%	$17.7M	$25.9M	15x	as long as short
Aftermath Perps NEARUSD	+0.1706%	1h	4.4245	+0.101%	$6K	$12K	10x	as long as short