Funding you earn now, next payment 01:00 UTC−0.0231%/8h= −25.3% APRnext payment −$0.29 per $10,000 · paid last 24h +0.077%
Price spread now: Kraken Futures against Bulk−0.266%7-day average +0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$580.583% of the position
Funding, last 3 days (all we have)+0.190%+$19 on $10k
+Price spread, last 3 days (all we have)+0.693%+$69 · spread now −0.266%, 7d avg +0.034%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Kraken Futures is 0.300% cheaper against Bulk than usual: you would sell low and buy high (−$30 if the spread goes back to its 7-day average of +0.034%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.190%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bulk NEAR-USD | 4.3050 | 0.0100 | pay 0.0013% / 1h | 47m 17s | $245K | −$0 | 10x |
| Short | Kraken Futures PF_NEARUSD | 4.2936 | −0.0131 | pay 0.0016% / 1h | 47m 17s | $7.6M | $37.1M | 50x |
Bulk NEAR-USD
Kraken Futures PF_NEARUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Bulk. 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
- −$48.51
- Price spread: −0.266% → +0.034%
- −$30.01
- Slippage, 4 orders
- −$41.28
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$136.81
- Costs to cover
- 0.583%
- Break-even
- never at this rate
Slippage from Bulk: live order book, 27 min ago; Kraken Futures: live order book, 2 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 Bulk live order book, 27 min ago | 11.72 bp | 15.2 bp −$15 | 15.2 bp −$152 | 34.3 bp −$3,434 | 65.7 bp −$32.9K |
| Sell Kraken Futures live order book, 2 min ago | 8.71 bp | 13.7 bp −$14 | 16.5 bp −$165 | 38.8 bp −$3,879 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit NEARUSDT | −0.0181% | 8h | 4.2920 | −0.302% | $218.9M | $418.4M | 75x | as long as short |
| Reya NEARRUSDPERP | −0.0171% | 1h | 4.2887 | −0.378% | $2K | — | 20x | as long as short |
| Kraken Futures PF_NEARUSDshort | −0.0131% | 1h | 4.2936 | −0.266% | $7.6M | $37.1M | 50x | |
| Coinbase International NEAR-PERP-INTX | −0.0096% | 1h | 4.2938 | −0.260% | $2.2M | $13.0M | 50x | as long as short |
| Gate NEAR_USDT | −0.0038% | 8h | 4.2920 | −0.302% | $30.9M | $58.7M | 75x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.2901 | −0.347% | $111K | $64K | 10x | as long as short |
| 01 Exchange NEARUSD | 0.0000% | 1h | 4.2906 | −0.334% | $13K | $7K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.2894 | −0.362% | $376K | $18.4M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.2932 | −0.274% | $203K | — | 150x | as long as short |
| Variational Omni NEAR | +0.0014% | 8h | 4.2988 | −0.143% | $7.9M | $18.6M | — | as long as short |
Bybit NEARUSDT
Reya NEARRUSDPERP
Coinbase International NEAR-PERP-INTX
Gate NEAR_USDT
dYdX NEAR-USD
01 Exchange NEARUSD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
Variational Omni NEARShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −3.810% | $578 | $302K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.2900 | −0.348% | $112K | $478K | 50x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0099% | 8h | 4.2953 | −0.225% | $57K | $193K | 20x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.2890 | −0.371% | $31K | $647 | 10x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.2952 | −0.228% | $3.0M | $5.7M | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.2912 | −0.320% | $402K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.2945 | −0.244% | $255.2M | $1.07B | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.2920 | −0.302% | $61.0M | $279.5M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.2920 | −0.302% | $197K | $1.7M | 10x | as long as short |
| Bulk NEAR-USDlong | +0.0100% | 1h | 4.3050 | long leg | $245K | −$0 | 10x | |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.2910 | −0.325% | $79.6M | $138.7M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.2930 | −0.279% | $56.2M | $43.2M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.2905 | −0.337% | $71.2M | $125.0M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.2920 | −0.302% | — | $6.6M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3101 | +0.118% | $277K | $1.2M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3108 | +0.135% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3120 | +0.163% | $180K | $791K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.2909 | −0.328% | $193K | $3.5M | 10x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.2960 | −0.209% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.2909 | −0.328% | $5K | $53K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.2980 | −0.163% | $458K | $3.6M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.2970 | −0.186% | $3.8M | $8.5M | 50x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.2895 | −0.361% | $3.9M | $16.8M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.2910 | −0.324% | $200K | $28K | 3x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.2970 | −0.186% | $13.1M | $29.1M | 75x | as long as short |
| Hyperliquid NEAR | +0.0300% | 1h | 4.2958 | −0.214% | $366.3M | $300.1M | 10x | as long as short |
| Lighter RH NEAR | +0.0304% | 1h | 4.3035 | −0.035% | $1.6M | $6.9M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0309% | 1h | 4.2952 | −0.228% | $1.9M | $3.0M | 25x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0376% / S −0.0314% | 1h | 4.2925 | −0.290% | $275K | — | 100x | as long as short |
| RISEx NEAR/USDC | +0.0428% | 1h | 4.2929 | −0.281% | $408K | $1.2M | 10x | as long as short |
| Nado NEAR-PERP | +0.0463% | 1h | 4.2901 | −0.347% | $1.9M | $3.3M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0492% | 1h | 4.2984 | −0.153% | $1.4M | $5.6M | 20x | as long as short |
| Phoenix NEAR | +0.0499% | 1h | 4.3171 | +0.281% | $1.8M | $2.7M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1259% | 1h | 4.3011 | −0.091% | $5K | $12K | 10x | as long as short |
| Lighter NEAR | +0.2224% | 1h | 4.3077 | +0.063% | $17.2M | $23.9M | 15x | as long as short |
Injective NEAR/USDC PERP
Popdex NEARUSDT
Orderly PERP_NEAR_USDC
Paradex NEAR-USD-PERP
Aster NEARUSDT
Pacifica NEAR
Binance NEARUSDT
OKX NEAR-USDT-SWAP
Arcus NEAR-USD
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDC
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
SunX NEAR-USDT
SoDEX NEAR-USD
HTX NEAR-USDT
Phemex NEARUSDT
Extended NEAR-USD
Aevo NEAR-PERP
BloFin NEAR-USDT
Hyperliquid NEAR
Lighter RH NEAR
Deribit NEAR_USDC-PERPETUAL
GMX NEAR/USD [ETH-USDC]
RISEx NEAR/USDC
Nado NEAR-PERP
Backpack NEAR_USDC_PERP
Phoenix NEAR
Aftermath Perps NEARUSD
Lighter NEAR