NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0489%/8h= +53.5% APRnext payment +$0.61 per $10,000 · paid last 24h +0.094%

Price spread now: Kraken Futures against Aevo−0.020%7-day average +0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$152as in the Funding arb table

Net, price: spread back to 7d avg − costs−$172as in the Price arb table

costs, in and out, $10k−$1671.672% of the position

Long on Aevo Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.153%+$15 on $10k

Price spread, last 4 days (all we have)+0.046%+$5 · spread now −0.020%, 7d avg +0.027%

Together, before fees+0.199%+$20 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.047% cheaper against Aevo than usual: you would sell low and buy high (spread −0.020% now, against its 7-day average of +0.027%). If the spread goes back, that is −$5 on $10k: about 8 hours of funding at the current rate (+$15 a day). At the pace of the last 7 days (+0.153% in total) that is about 2.1 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.153% in total (about 8.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.61 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	Aevo NEAR-PERP	4.3840	0.0104	pay 0.0013% / 1h	5m 42s	$204K	$40K	3x
Short	Kraken Futures PF_NEARUSD	4.3831	0.0593	get 0.0074% / 1h	5m 42s	$7.9M	$39.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Aevo. 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 AevobpFee Kraken FuturesbpOrdersPrice spread, now −0.020%Rate

Funding earned: $102.59
Price spread: −0.020% → +0.027%: −$4.68
Slippage, 4 orders: −$141.25
Fee Aevo: 8 bp × 2 orders: −$16
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$69.35
Costs to cover: 1.672%
Break-even: 11.7 days

Slippage from Aevo: live order book, 53 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 Aevo live order book, 53 min ago	58.10 bp	66.1 bp −$66	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 3 min ago	7.17 bp	17.9 bp −$18	22.8 bp −$228	57.9 bp −$5,790	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	4.3771	−0.156%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0008%	1h	4.3886	+0.105%	$2.2M	$15.6M	50x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3850	+0.023%	$615K	$22.3M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3788	−0.118%	$164K	—	150x	as long as short
dYdX NEAR-USD	+0.0008%	1h	4.3815	−0.056%	$108K	$69K	10x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.542%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3840	0.000%	$113K	$514K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3889	+0.111%	$417K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3870	+0.069%	$270.6M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3890	+0.114%	$220.9M	$423.8M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3870	+0.069%	$62.5M	$295.9M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4054	+0.489%	$251K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3767	−0.166%	$31.9M	$64.4M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3800	−0.091%	$75.2M	$150.8M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3810	−0.068%	$54.5M	$46.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3822	−0.041%	$72.0M	$130.1M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3770	−0.159%	—	$6.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3767	−0.165%	$8.5M	$18.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4083	+0.554%	$264K	$962K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4010	+0.389%	$1.5M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4090	+0.571%	$170K	$801K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3834	−0.013%	$243K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3801	−0.089%	$60K	$236K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3920	+0.183%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3960	+0.274%	$455K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3890	+0.114%	$3.8M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3826	−0.032%	$32K	$608	10x	as long as short
Aevo NEAR-PERPlong	+0.0104%	1h	4.3840	long leg	$204K	$40K	3x
SoDEX NEAR-USD	+0.0192%	1h	4.3810	−0.068%	$8K	$52K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3880	+0.092%	$13.8M	$32.5M	75x	as long as short
Aster NEARUSDT	+0.0305%	8h	4.3812	−0.064%	$2.9M	$5.5M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0320% / S −0.0190%	1h	4.3789	−0.115%	$232K	—	100x	as long as short
Backpack NEAR_USDC_PERP	+0.0341%	1h	4.3825	−0.034%	$1.3M	$6.3M	20x	as long as short
01 Exchange NEARUSD	+0.0352%	1h	4.3893	+0.121%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0390%	1h	4.3884	+0.101%	$361.7M	$320.1M	10x	as long as short
Extended NEAR-USD	+0.0496%	1h	4.3761	−0.179%	$3.9M	$19.7M	25x	as long as short
Nado NEAR-PERP	+0.0569%	1h	4.3807	−0.074%	$1.9M	$3.1M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0572%	1h	4.3833	−0.016%	$2.0M	$7.3M	25x	as long as short
Arcus NEAR-USD	+0.0581%	1h	4.3900	+0.137%	$217K	$1.7M	10x	as long as short
Kraken Futures PF_NEARUSDshort	+0.0593%	1h	4.3831	−0.020%	$7.9M	$39.8M	50x
Lighter RH NEAR	+0.0688%	1h	4.3905	+0.149%	$1.5M	$7.2M	10x	as long as short
Phoenix NEAR	+0.0794%	1h	4.4000	+0.365%	$1.8M	$2.8M	10x	as long as short
RISEx NEAR/USDC	+0.0926%	1h	4.3877	+0.085%	$589K	$1.4M	10x	as long as short
Lighter NEAR	+0.1024%	1h	4.3923	+0.190%	$17.7M	$26.5M	15x	as long as short
Aftermath Perps NEARUSD	+0.1616%	1h	4.3952	+0.256%	$5K	$12K	10x	as long as short