NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0050%/8h= +5.4% APRnext payment +$0.06 per $10,000 · paid last 24h +0.063%

Price spread now: Kraken Futures against Polymarket Perps+0.116%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$360.362% of the position

Long on Polymarket Perps Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.169%+$17 on $10k

Price spread, last 3 days (all we have)+0.447%+$45 · spread now +0.116%, 7d avg +0.023%

Together, before fees+0.616%+$62 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Kraken Futures is 0.093% dearer against Polymarket Perps than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps NEAR-USD	4.1406	0.0100	pay 0.0013% / 1h	1m 10s	$204K	$3.1M	10x
Short	Kraken Futures PF_NEARUSD	4.1454	0.0150	get 0.0019% / 1h	1m 10s	$7.5M	$37.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Polymarket Perps. 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 Polymarket PerpsbpFee Kraken FuturesbpOrdersPrice spread, now +0.116%Rate

Funding earned: $10.4
Price spread: +0.116% → +0.023%: $9.32
Slippage, 4 orders: −$18.16
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$16.44
Costs to cover: 0.362%
Break-even: 18.1 days

Slippage from Polymarket Perps: live order book, 3 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 Polymarket Perps live order book, 3 min ago	0.48 bp	4.5 bp −$4	7.2 bp −$72	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 3 min ago	2.78 bp	14.4 bp −$14	17.6 bp −$176	54.6 bp −$5,460	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	4.1376	−0.072%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0024%	1h	4.1338	−0.164%	$2.1M	$12.6M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.1320	−0.208%	$104K	$54K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.1314	−0.222%	$399K	$18.3M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.1386	−0.049%	$205K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	+0.010%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.1340	−0.159%	$110K	$493K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.1393	−0.031%	$53K	$157K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.1315	−0.219%	$30K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.1420	+0.034%	$2.9M	$5.9M	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica NEAR	+0.0100%	1h	4.1321	−0.206%	$348K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.1432	+0.063%	$236.1M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.1398	−0.019%	$210.8M	$428.7M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.1410	+0.010%	$56.4M	$276.2M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.1252	−0.372%	$235K	$6K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.1377	−0.070%	$29.5M	$58.5M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.1420	+0.034%	$81.6M	$145.2M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.1450	+0.106%	$56.0M	$44.9M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.1416	+0.024%	$68.8M	$126.7M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.1420	+0.034%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.1203	−0.490%	$7.6M	$18.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.1358	−0.116%	$236K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.1313	−0.224%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.1340	−0.159%	$181K	$793K	50x	as long as short
Polymarket Perps NEAR-USDlong	+0.0100%	1h	4.1406	long leg	$204K	$3.1M	10x
SunX NEAR-USDT	+0.0100%	8h	4.1410	+0.010%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.1395	−0.027%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.1420	+0.034%	$3.8M	$8.2M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.1373	−0.079%	$3.8M	$14.7M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.1385	−0.051%	$201K	$61K	3x	as long as short
Arcus NEAR-USD	+0.0118%	1h	4.1340	−0.159%	$307K	$1.6M	10x	as long as short
Kraken Futures PF_NEARUSDshort	+0.0150%	1h	4.1454	+0.116%	$7.5M	$37.1M	50x
01 Exchange NEARUSD	+0.0160%	1h	4.1342	−0.155%	$12K	$7K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.1360	−0.111%	$12.3M	$33.6M	75x	as long as short
Lighter RH NEAR	+0.0256%	1h	4.1472	+0.159%	$1.4M	$7.2M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0354%	1h	4.1422	+0.039%	$1.8M	$2.1M	25x	as long as short
Nado NEAR-PERP	+0.0355%	1h	4.1364	−0.100%	$1.8M	$3.6M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0377% / S −0.0324%	1h	4.1390	−0.038%	$276K	—	100x	as long as short
RISEx NEAR/USDC	+0.0569%	1h	4.1344	−0.150%	$411K	$1.2M	10x	as long as short
Phoenix NEAR	+0.0582%	1h	4.1419	+0.031%	$1.7M	$2.8M	10x	as long as short
Lighter NEAR	+0.0720%	1h	4.1475	+0.166%	$15.3M	$23.1M	15x	as long as short
Backpack NEAR_USDC_PERP	+0.0741%	1h	4.1478	+0.174%	$1.4M	$5.7M	20x	as long as short
Hyperliquid NEAR	+0.0834%	1h	4.1438	+0.077%	$348.4M	$299.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.0927%	1h	4.1332	−0.178%	$5K	$11K	10x	as long as short
HTX NEAR-USDT	+0.1056%	8h	4.1400	−0.014%	$445K	$3.7M	75x	as long as short