Settings8H · net · $10k
Funding arb · Price arb /

NEAR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0499%/8h= +54.6% APRnext payment +$0.62 per $10,000 · paid last 24h +0.097%
Price spread now: Kraken Futures against SoDEX−0.023%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. Kraken Futures is 0.023% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.023% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 4 hours of funding at the current rate (+$15 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX NEAR-USD4.41350.0163pay 0.0020% / 1h18m 13s$5K$52K10x
ShortKraken Futures PF_NEARUSD4.41250.0661get 0.0083% / 1h18m 13s$7.3M$38.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against SoDEX. 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

Funding earned
$104.71
Price spread: −0.023% → 0.000%
−$2.33
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$84.38
Costs to cover
0.180%
Break-even
1.4 days
Slippage unknown: SoDEX: no order-book sample; Kraken Futures: live order book, 6 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SoDEX no order-book sample
Sell Kraken Futures live order book, 6 min ago8.04 bp13.6 bp −$1416.1 bp −$16141.6 bp −$4,156doesn't fit
SoDEX: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya NEARRUSDPERP−0.0171%1h4.4126−0.020%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.4208+0.165%$109K$68K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.41350.000%$165K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−6.174%$578$301K12xas long as short
Popdex NEARUSDT+0.0096%1h4.4190+0.125%$112K$485K50xas long as short
Bybit NEARUSDT+0.0100%8h4.4154+0.043%$223.8M$429.9M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.4150+0.034%$62.4M$295.1M50xas long as short
Bulk NEAR-USD+0.0100%1h4.4150+0.034%$252K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.4097−0.086%$35.7M$61.9M75xas long as short
KuCoin NEARUSDTM+0.0100%8h4.4160+0.057%$53.4M$45.9M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget NEARUSDT+0.0100%8h4.4118−0.039%$72.6M$127.2M75xas long as short
Variational Omni NEAR+0.0100%8h4.4097−0.085%$8.8M$18.6Mas long as short
edgeX NEARUSDC+0.0100%4h4.4205+0.158%$258K$916K20xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.4140+0.011%$166K$804K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.4183+0.109%$293K$4.1M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.4136+0.002%$59K$236K20xas long as short
SunX NEAR-USDT+0.0100%8h4.4330+0.442%$2K$1.3M20xas long as short
HTX NEAR-USDT+0.0100%8h4.4200+0.147%$462K$3.9M75xas long as short
Phemex NEARUSDT+0.0100%8h4.4150+0.034%$3.6M$8.2M50xas long as short
Paradex NEAR-USD-PERP+0.0104%8h4.4249+0.259%$32K$58510xas long as short
GRVT NEAR_USDT_Perp+0.0110%8h4.4181+0.105%$1.5M$1.5M10xas long as short
Extended NEAR-USD+0.0128%1h4.4111−0.055%$3.7M$18.2M25xas long as short
Aevo NEAR-PERP+0.0136%1h4.4159+0.055%$205K$38K3xas long as short
SoDEX NEAR-USDlong+0.0163%1h4.4135long leg$5K$52K10x
BingX NEAR-USDT+0.0198%8h4.4110−0.057%$144.0Mas long as short
MEXC NEAR_USDT+0.0210%8h4.4170+0.079%$79.8M$149.4M200xas long as short
Binance NEARUSDT+0.0213%8h4.4162+0.061%$269.3M$1.08B75xas long as short
Kalshi KXNEARPERP+0.0242%8h4.4129−0.014%$1.0M$24.8M2.2xas long as short
Aster NEARUSDT+0.0297%8h4.4160+0.057%$2.8M$4.8M50xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0315% / S −0.0199%1h4.4126−0.019%$235K100xas long as short
BloFin NEAR-USDT+0.0330%8h4.4320+0.419%$13.6M$32.7M75xas long as short
Coinbase International NEAR-PERP-INTX+0.0424%1h4.4167+0.073%$2.3M$16.7M50xas long as short
Backpack NEAR_USDC_PERP+0.0430%1h4.4285+0.340%$1.3M$6.9M20xas long as short
01 Exchange NEARUSD+0.0448%1h4.4236+0.229%$13K$7K10xas long as short
Hyperliquid NEAR+0.0511%1h4.4191+0.127%$360.6M$313.2M10xas long as short
Nado NEAR-PERP+0.0542%1h4.4135+0.001%$1.7M$3.2M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0634%1h4.4144+0.020%$1.9M$13.0M25xas long as short
Kraken Futures PF_NEARUSDshort+0.0661%1h4.4125−0.023%$7.3M$38.2M50x
Lighter NEAR+0.0792%1h4.4196+0.138%$17.4M$25.3M15xas long as short
Arcus NEAR-USD+0.0880%1h4.4230+0.215%$228K$1.6M10xas long as short
Lighter RH NEAR+0.0904%1h4.4206+0.161%$1.5M$6.7M10xas long as short
Phoenix NEAR+0.1003%1h4.4318+0.415%$1.8M$2.5M10xas long as short
Pacifica NEAR+0.1187%1h4.4273+0.313%$422K$1.4M10xas long as short
RISEx NEAR/USDC+0.1259%1h4.4226+0.205%$668K$1.4M10xas long as short
Aftermath Perps NEARUSD+0.1286%1h4.4188+0.120%$5K$12K10xas long as short