Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0131%/8h= +14.4% APRpaid last 24h +0.090%

Price spread now: Kraken Futures against Variational Omni+0.106%7-day average +0.037% · you sell dearer than you buy

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

Long on Variational Omni Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.199%+$20 on $10k

Price spread, last 3 days (all we have)−0.304%−$30 · spread now +0.106%, 7d avg +0.037%

Together, before fees−0.105%+ Points / potential airdropVariational Omni: Active · farm board−$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Kraken Futures is 0.069% dearer against Variational Omni than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni NEAR	4.4757	0.0080	pay 0.0080% / 8h	6h 20m	$8.6M	$18.5M	—
Short	Kraken Futures PF_NEARUSD	4.4804	0.0211	get 0.0026% / 1h	20m 51s	$8.1M	$40.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Variational Omni. 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 Variational OmnibpFee Kraken FuturesbpOrdersPrice spread, now +0.106%Rate

Funding earned: $27.56
Price spread: +0.106% → +0.037%: $6.85
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $24.41
Costs to cover: 0.100%
Break-even: 0.8 days

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Kraken Futures: live order book, 3 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 Variational Omni RFQ quote, 3 min ago	3.84 bp	doesn't fit	13.9 bp −$139	33.4 bp −$3,343	doesn't fit
Sell Kraken Futures live order book, 3 min ago	6.34 bp	23.2 bp −$23	29.6 bp −$296	63.3 bp −$6,333	doesn't fit

NEAR on 44 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	4.4701	−0.124%	$2K	—	20x	as long as short
Phemex NEARUSDT	−0.0131%	8h	4.4770	+0.030%	$3.9M	$8.2M	50x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0064%	1h	4.4798	+0.092%	$2.2M	$14.6M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4556	−0.449%	$110K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4741	−0.035%	$701K	$19.8M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.4743	−0.031%	$198K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.478%	$578	$302K	12x	as long as short
Variational Omni NEARlong	+0.0080%	8h	4.4757	long leg	$8.6M	$18.5M	—
Popdex NEARUSDT	+0.0096%	1h	4.4690	−0.149%	$112K	$487K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4615	−0.318%	$422K	$1.2M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance NEARUSDT	+0.0100%	8h	4.4706	−0.113%	$271.1M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4643	−0.254%	$226.3M	$422.4M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4630	−0.283%	$63.9M	$293.6M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.4700	−0.127%	$213K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4050	−1.579%	$251K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4686	−0.158%	$32.4M	$62.1M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4750	−0.015%	$76.7M	$141.9M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4760	+0.007%	$55.2M	$43.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4629	−0.285%	$73.6M	$125.9M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.4650	−0.238%	—	$143.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4177	−1.295%	$273K	$1.0M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4339	−0.933%	$1.5M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4180	−1.289%	$183K	$763K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4737	−0.044%	$218K	$3.5M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4744	−0.028%	$62K	$190K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4840	+0.186%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4765	+0.019%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4840	+0.186%	$464K	$3.9M	75x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.4653	−0.232%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4733	−0.054%	$3.9M	$18.5M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4815	+0.130%	$209K	$34K	3x	as long as short
Aster NEARUSDT	+0.0181%	8h	4.4840	+0.186%	$3.1M	$5.8M	50x	as long as short
Kraken Futures PF_NEARUSDshort	+0.0211%	1h	4.4804	+0.106%	$8.1M	$40.8M	50x
GMX NEAR/USD [ETH-USDC]	L +0.0361% / S −0.0258%	1h	4.4712	−0.101%	$270K	—	100x	as long as short
Nado NEAR-PERP	+0.0362%	1h	4.4687	−0.155%	$1.9M	$3.1M	10x	as long as short
01 Exchange NEARUSD	+0.0416%	1h	4.4723	−0.075%	$13K	$7K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0487%	1h	4.4783	+0.059%	$2.0M	$4.2M	25x	as long as short
RISEx NEAR/USDC	+0.0509%	1h	4.4700	−0.128%	$564K	$1.3M	10x	as long as short
Phoenix NEAR	+0.0592%	1h	4.4597	−0.357%	$1.8M	$2.6M	10x	as long as short
Lighter RH NEAR	+0.0848%	1h	4.4841	+0.188%	$1.7M	$7.0M	10x	as long as short
Hyperliquid NEAR	+0.0910%	1h	4.4830	+0.164%	$379.0M	$307.5M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0959%	1h	4.4882	+0.280%	$1.4M	$6.2M	20x	as long as short
Aftermath Perps NEARUSD	+0.1542%	1h	4.4272	−1.083%	$6K	$12K	10x	as long as short
Lighter NEAR	+0.1688%	1h	4.4863	+0.238%	$17.9M	$25.5M	15x	as long as short