Funding you earn now, next payment 08:00 UTC−0.0949%/8h= −103.9% APRnext payment −$1.19 per $10,000 · paid last 24h −0.051%
Price spread now: Kraken Futures against RISEx+0.063%7-day average −0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$420.420% of the position
Funding, last 4 days (all we have)−0.228%−$23 on $10k
+Price spread, last 4 days (all we have)−0.025%−$2 · spread now +0.063%, 7d avg −0.008%
=The price spread pays, funding is against you. Kraken Futures is 0.071% dearer against RISEx than usual: you sell high and buy low (spread +0.063% now, against its 7-day average of −0.008%): +$7 on $10k if it goes back. Holding the pair costs −$28 a day in funding at the current rate, which eats that in about 6 hours. At the pace of the last 4 days (−0.228% in total) that is about 28 hours.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.228% in total (about -22.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.19 per $10,000. 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 | RISEx NEAR/USDC | 4.3615 | 0.0965 | pay 0.0121% / 1h | 4m 33s | $605K | $1.4M | 10x |
| Short | Kraken Futures PF_NEARUSD | 4.3642 | 0.0017 | get 0.0002% / 1h | 4m 33s | $7.2M | $38.6M | 50x |
RISEx NEAR/USDC
Kraken Futures PF_NEARUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against RISEx. 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
- −$199.25
- Price spread: +0.063% → −0.008%
- $7.12
- Slippage, 4 orders
- −$26.01
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$234.14
- Costs to cover
- 0.420%
- Break-even
- never at this rate
Slippage from RISEx: live order book, 4 min ago; Kraken Futures: live order book, 5 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 RISEx live order book, 4 min ago | 2.66 bp | 5.7 bp −$6 | 12.8 bp −$128 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 5 min ago | 8.81 bp | 15.2 bp −$15 | 18.1 bp −$181 | 51.1 bp −$5,112 | 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 | 4.3591 | −0.055% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3586 | −0.066% | $107K | $68K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.3640 | +0.059% | $163K | — | 150x | as long as short |
| Kraken Futures PF_NEARUSDshort | +0.0017% | 1h | 4.3642 | +0.063% | $7.2M | $38.6M | 50x | |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −5.055% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3590 | −0.057% | $114K | $499K | 50x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3549 | −0.151% | $220.1M | $429.6M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3520 | −0.217% | $61.5M | $295.6M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3750 | +0.310% | $249K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3572 | −0.098% | $35.9M | $63.2M | 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_USDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3690 | +0.173% | $53.0M | $46.0M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3578 | −0.084% | $72.1M | $127.9M | 75x | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.3549 | −0.150% | $8.9M | $18.6M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3722 | +0.247% | $253K | $896K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3681 | +0.153% | $1.4M | $1.6M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3680 | +0.150% | $167K | $816K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3608 | −0.015% | $274K | $4.1M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.3614 | −0.001% | $58K | $235K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3630 | +0.035% | $1K | $1.3M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.3626 | +0.026% | $5K | $50K | 10x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3650 | +0.081% | $3.5M | $8.2M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.3651 | +0.083% | $32K | $585 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.3578 | −0.085% | $3.6M | $16.5M | 25x | as long as short |
| Aster NEARUSDT | +0.0108% | 8h | 4.3610 | −0.010% | $2.7M | $4.8M | 50x | as long as short |
| Aevo NEAR-PERP | +0.0120% | 1h | 4.3631 | +0.037% | $203K | $38K | 3x | as long as short |
| Hyperliquid NEAR | +0.0139% | 1h | 4.3714 | +0.228% | $352.4M | $316.1M | 10x | as long as short |
| MEXC NEAR_USDT | +0.0146% | 8h | 4.3590 | −0.057% | $89.1M | $154.6M | 200x | as long as short |
| Binance NEARUSDT | +0.0146% | 8h | 4.3592 | −0.051% | $263.4M | $1.09B | 75x | as long as short |
| HTX NEAR-USDT | +0.0157% | 8h | 4.3670 | +0.127% | $465K | $3.8M | 75x | as long as short |
| BingX NEAR-USDC | +0.0162% | 8h | 4.3600 | −0.034% | — | $6.7M | — | as long as short |
| Kalshi KXNEARPERP | +0.0172% | 8h | 4.3557 | −0.132% | $951K | $25.1M | 2.2x | as long as short |
| 01 Exchange NEARUSD | +0.0232% | 1h | 4.3639 | +0.056% | $13K | $7K | 10x | as long as short |
| BloFin NEAR-USDT | +0.0266% | 8h | 4.3670 | +0.127% | $13.4M | $32.2M | 75x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0342% / S −0.0241% | 1h | 4.3646 | +0.073% | $254K | — | 100x | as long as short |
| Nado NEAR-PERP | +0.0365% | 1h | 4.3534 | −0.185% | $1.6M | $3.2M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0468% | 1h | 4.3716 | +0.232% | $1.1M | $7.2M | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0488% | 1h | 4.3572 | −0.098% | $2.3M | $17.0M | 50x | as long as short |
| Lighter RH NEAR | +0.0496% | 1h | 4.3653 | +0.088% | $1.5M | $6.8M | 10x | as long as short |
| Lighter NEAR | +0.0544% | 1h | 4.3637 | +0.051% | $17.2M | $25.4M | 15x | as long as short |
| Arcus NEAR-USD | +0.0638% | 1h | 4.3620 | +0.012% | $228K | $1.5M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0828% | 1h | 4.3643 | +0.065% | $1.9M | $13.1M | 25x | as long as short |
| Pacifica NEAR | +0.0949% | 1h | 4.3643 | +0.066% | $411K | $1.4M | 10x | as long as short |
| Phoenix NEAR | +0.0949% | 1h | 4.3865 | +0.574% | $1.8M | $2.4M | 10x | as long as short |
| RISEx NEAR/USDClong | +0.0965% | 1h | 4.3615 | long leg | $605K | $1.4M | 10x | |
| Aftermath Perps NEARUSD | +0.1124% | 1h | 4.3620 | +0.012% | $5K | $7K | 10x | as long as short |
KuCoin NEARUSDTM
Bitget NEARUSDT
Variational Omni NEAR
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
SoDEX NEAR-USD
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Extended NEAR-USD
Aster NEARUSDT
Aevo NEAR-PERP
Hyperliquid NEAR
MEXC NEAR_USDT
Binance NEARUSDT
HTX NEAR-USDT
BingX NEAR-USDC
Kalshi KXNEARPERP
01 Exchange NEARUSD
BloFin NEAR-USDT
GMX NEAR/USD [ETH-USDC]
Nado NEAR-PERP
Backpack NEAR_USDC_PERP
Coinbase International NEAR-PERP-INTX
Lighter RH NEAR
Lighter NEAR
Arcus NEAR-USD
Deribit NEAR_USDC-PERPETUAL
Pacifica NEAR
Phoenix NEAR
Aftermath Perps NEARUSD