Funding you earn now, next payment 10:00 UTC−0.1359%/8h= −148.8% APRnext payment −$1.70 per $10,000 · paid last 24h +0.001%
Price spread now: Kraken Futures against Deribit−0.120%7-day average −0.049% · you buy dearer than you sell
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$470.468% of the position
Funding, last 7 days−0.213%−$21 on $10k
+Price spread, last 4 days (all we have)+0.104%+$10 · spread now −0.120%, 7d avg −0.049%
=Both sides work against this trade now: funding costs −$41 a day on $10k at the current rate, and Kraken Futures is 0.070% cheaper against Deribit than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.049%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.213% in total (about -11.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.70 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit NEAR_USDC-PERPETUAL | 4.5028 | 0.1218 | pay 0.0152% / 1h | 9m 37s | $1.9M | $13.1M | 25x |
| Short | Kraken Futures PF_NEARUSD | 4.4974 | −0.0141 | pay 0.0018% / 1h | 9m 37s | $7.4M | $37.9M | 50x |
Deribit NEAR_USDC-PERPETUAL
Kraken Futures PF_NEARUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Deribit. 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
- −$285.3
- Price spread: −0.120% → −0.049%
- −$7.05
- Slippage, 4 orders
- −$29.78
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$339.13
- Costs to cover
- 0.468%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 3 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 Deribit live order book, 3 min ago | 5.23 bp | 8.7 bp −$9 | 15.9 bp −$159 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 3 min ago | 8.03 bp | 13.8 bp −$14 | 19.7 bp −$197 | 41.1 bp −$4,108 | doesn't fit |
NEAR on 45 exchanges
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 | 4.4915 | −0.251% | $2K | — | 20x | as long as short |
| Kraken Futures PF_NEARUSDshort | −0.0141% | 1h | 4.4974 | −0.120% | $7.4M | $37.9M | 50x | |
| dYdX NEAR-USD | +0.0002% | 1h | 4.4950 | −0.173% | $110K | $53K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.4996 | −0.072% | $168K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −8.035% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.5040 | +0.027% | $124K | $522K | 50x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.5034 | +0.013% | $2.7M | $4.8M | 50x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.5020 | −0.018% | $273.8M | $1.10B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.5010 | −0.040% | $233.3M | $434.1M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.5000 | −0.062% | $64.4M | $309.8M | 50x | as long as short |
Reya NEARRUSDPERP
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Aster NEARUSDT
Binance NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAPShow all 45 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus NEAR-USD | +0.0100% | 1h | 4.5080 | +0.115% | $227K | $1.4M | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.5102 | +0.165% | $269K | $12K | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.4965 | −0.140% | $39.8M | $63.6M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.4970 | −0.129% | $77.0M | $172.7M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.5010 | −0.040% | $53.4M | $45.3M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.4954 | −0.164% | $74.6M | $130.1M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.4980 | −0.107% | — | $77.9M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.4825 | −0.451% | $8.9M | $17.4M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.4863 | −0.367% | $265K | $868K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.4829 | −0.443% | $1.5M | $1.7M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.4850 | −0.395% | $167K | $827K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.4926 | −0.227% | $281K | $4.0M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.4961 | −0.149% | $58K | $269K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.5070 | +0.093% | $2K | $1.3M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.5005 | −0.051% | $5K | $40K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.5010 | −0.040% | $467K | $3.9M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.5000 | −0.062% | $3.4M | $7.9M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0103% | 8h | 4.4949 | −0.175% | $32K | $51 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.4993 | −0.079% | $3.7M | $15.1M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.4943 | −0.188% | $209K | $38K | 3x | as long as short |
| Kalshi KXNEARPERP | +0.0104% | 8h | 4.4873 | −0.344% | $791K | $26.3M | 2.2x | as long as short |
| 01 Exchange NEARUSD | +0.0168% | 1h | 4.5033 | +0.011% | $13K | $5K | 10x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.4870 | −0.351% | $12.9M | $32.8M | 75x | as long as short |
| Hyperliquid NEAR | +0.0278% | 1h | 4.5024 | −0.008% | $363.2M | $317.5M | 10x | as long as short |
| Lighter NEAR | +0.0296% | 1h | 4.4999 | −0.064% | $17.6M | $23.9M | 15x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0341% / S −0.0235% | 1h | 4.4810 | −0.485% | $258K | — | 100x | as long as short |
| Nado NEAR-PERP | +0.0406% | 1h | 4.4984 | −0.098% | $1.7M | $3.2M | 10x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0520% | 1h | 4.4929 | −0.220% | $2.3M | $17.8M | 50x | as long as short |
| RISEx NEAR/USDC | +0.0569% | 1h | 4.4931 | −0.216% | $641K | $1.6M | 10x | as long as short |
| Lighter RH NEAR | +0.0640% | 1h | 4.5020 | −0.018% | $1.6M | $6.1M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0699% | 1h | 4.5047 | +0.042% | $1.1M | $7.0M | 20x | as long as short |
| Phoenix NEAR | +0.0851% | 1h | 4.5150 | +0.271% | $1.7M | $2.5M | 10x | as long as short |
| Pacifica NEAR | +0.0883% | 1h | 4.4981 | −0.103% | $418K | $1.4M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1189% | 1h | 4.4998 | −0.066% | $6K | $7K | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUALlong | +0.1218% | 1h | 4.5028 | long leg | $1.9M | $13.1M | 25x |
Arcus NEAR-USD
Bulk NEAR-USD
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDT
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
HTX NEAR-USDT
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Extended NEAR-USD
Aevo NEAR-PERP
Kalshi KXNEARPERP
01 Exchange NEARUSD
BloFin NEAR-USDT
Hyperliquid NEAR
Lighter NEAR
GMX NEAR/USD [ETH-USDC]
Nado NEAR-PERP
Coinbase International NEAR-PERP-INTX
RISEx NEAR/USDC
Lighter RH NEAR
Backpack NEAR_USDC_PERP
Phoenix NEAR
Pacifica NEAR
Aftermath Perps NEARUSD