NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0345%/8h= −37.8% APRnext payment −$0.43 per $10,000 · paid last 24h −0.086%

Price spread now: Kraken Futures against Phoenix+0.700%7-day average −0.142% · you sell dearer than you buy

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs+$33as in the Price arb table

costs, in and out, $10k−$510.510% of the position

Long on Phoenix Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.555%−$55 on $10k

Price spread, last 3 days (all we have)−0.794%−$79 · spread now +0.700%, 7d avg −0.142%

Together, before fees−1.349%−$135 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.842% dearer against Phoenix than usual: you sell high and buy low (spread +0.700% now, against its 7-day average of −0.142%): +$84 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 8.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix NEAR	4.2601	0.0463	pay 0.0058% / 1h	21m 19s	$1.8M	$2.7M	10x
Short	Kraken Futures PF_NEARUSD	4.2899	0.0118	get 0.0015% / 1h	21m 19s	$7.7M	$37.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Phoenix. 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 PhoenixbpFee Kraken FuturesbpOrdersPrice spread, now +0.700%Rate

Funding earned: −$72.48
Price spread: +0.700% → −0.142%: $84.16
Slippage, 4 orders: −$33.99
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$39.31
Costs to cover: 0.510%
Break-even: from the start

Slippage from Phoenix: live order book, 2 min ago; Kraken Futures: live order book, 3 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 Phoenix live order book, 2 min ago	0.93 bp	12.3 bp −$12	50.8 bp −$508	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 3 min ago	7.75 bp	13.7 bp −$14	18.9 bp −$189	58.5 bp −$5,848	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	4.2882	+0.660%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0072%	1h	4.2861	+0.610%	$2.3M	$13.1M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2859	+0.606%	$111K	$62K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2799	+0.465%	$340K	$18.7M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2873	+0.638%	$202K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−2.796%	$578	$302K	12x	as long as short
Variational Omni NEAR	+0.0056%	8h	4.2869	+0.630%	$7.9M	$18.5M	—	as long as short
Bybit NEARUSDT	+0.0059%	8h	4.2835	+0.549%	$218.5M	$422.4M	75x	as long as short
01 Exchange NEARUSD	+0.0080%	1h	4.2908	+0.721%	$13K	$7K	10x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2910	+0.725%	$109K	$496K	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	4.2866	+0.622%	$57K	$194K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2889	+0.675%	$31K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2940	+0.796%	$3.0M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.2864	+0.616%	$401K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2889	+0.677%	$253.6M	$1.08B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2830	+0.538%	$61.0M	$286.6M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2900	+0.702%	$196K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2551	−0.118%	$242K	$2K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2890	+0.678%	$30.8M	$59.9M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2880	+0.655%	$78.4M	$142.0M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2940	+0.796%	$55.8M	$43.4M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2837	+0.554%	$71.1M	$126.1M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.2870	+0.631%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2658	+0.134%	$243K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2722	+0.284%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2690	+0.209%	$178K	$791K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2933	+0.779%	$192K	$3.4M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2940	+0.796%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2850	+0.584%	$4K	$54K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2870	+0.631%	$3.8M	$8.6M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2827	+0.530%	$3.9M	$16.1M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2850	+0.584%	$202K	$66K	3x	as long as short
Kraken Futures PF_NEARUSDshort	+0.0118%	1h	4.2899	+0.700%	$7.7M	$37.6M	50x
BloFin NEAR-USDT	+0.0220%	8h	4.2880	+0.655%	$13.0M	$29.4M	75x	as long as short
Lighter RH NEAR	+0.0328%	1h	4.2916	+0.739%	$1.5M	$7.0M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0356%	1h	4.2903	+0.709%	$1.9M	$2.5M	25x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0376% / S −0.0314%	1h	4.2889	+0.676%	$275K	—	100x	as long as short
RISEx NEAR/USDC	+0.0404%	1h	4.2913	+0.733%	$418K	$1.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0457%	1h	4.2892	+0.683%	$1.4M	$5.6M	20x	as long as short
Phoenix NEARlong	+0.0463%	1h	4.2601	long leg	$1.8M	$2.7M	10x
Nado NEAR-PERP	+0.0688%	1h	4.2874	+0.641%	$1.9M	$3.4M	10x	as long as short
Hyperliquid NEAR	+0.0732%	1h	4.2967	+0.859%	$369.2M	$298.6M	10x	as long as short
HTX NEAR-USDT	+0.0801%	8h	4.2930	+0.772%	$462K	$3.7M	75x	as long as short
Aftermath Perps NEARUSD	+0.1149%	1h	4.2713	+0.262%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1696%	1h	4.2961	+0.844%	$16.5M	$23.9M	15x	as long as short