Funding you earn now, next payment 05:00 UTC−0.0611%/8h= −66.9% APRnext payment −$0.76 per $10,000 · paid last 24h −0.096%
Price spread now: Bulk against Kraken Futures−0.185%7-day average −0.047% · 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−$72as in the Price arb table
costs, in and out, $10k−$580.581% of the position
Funding, last 4 days (all we have)−0.202%−$20 on $10k
+Price spread, last 4 days (all we have)−0.133%−$13 · spread now −0.185%, 7d avg −0.047%
=Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and Bulk is 0.138% cheaper against Kraken Futures than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.047%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.202% in total (about -20.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.76 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 | Kraken Futures PF_NEARUSD | 4.3330 | 0.0711 | pay 0.0089% / 1h | 14m 03s | $7.6M | $39.0M | 50x |
| Short | Bulk NEAR-USD | 4.3250 | 0.0100 | get 0.0013% / 1h | 14m 03s | $246K | −$0 | 10x |
Kraken Futures PF_NEARUSD
Bulk NEAR-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk against Kraken Futures. 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
- −$128.36
- Price spread: −0.185% → −0.047%
- −$13.76
- Slippage, 4 orders
- −$41.12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$200.25
- Costs to cover
- 0.581%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 5 min ago; Bulk: live order book, 40 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 Kraken Futures live order book, 5 min ago | 7.49 bp | 14.9 bp −$15 | 20.7 bp −$207 | 48.9 bp −$4,886 | 5878.0 bp −$2.94M |
| Sell Bulk live order book, 40 min ago | 11.45 bp | 15.0 bp −$15 | 15.0 bp −$150 | 32.8 bp −$3,279 | 63.3 bp −$31.7K |
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 | 4.3308 | −0.051% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3311 | −0.044% | $107K | $68K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.3297 | −0.076% | $162K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −4.432% | $578 | $301K | 12x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0056% | 1h | 4.3493 | +0.376% | $2.3M | $15.9M | 50x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3320 | −0.024% | $110K | $502K | 50x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.3386 | +0.128% | $265.2M | $1.09B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3332 | +0.004% | $214.4M | $425.7M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3360 | +0.069% | $61.4M | $288.7M | 50x | as long as short |
| Bulk NEAR-USDshort | +0.0100% | 1h | 4.3250 | −0.185% | $246K | −$0 | 10x |
Reya NEARRUSDPERP
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Coinbase International NEAR-PERP-INTX
Popdex NEARUSDT
Binance NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAPShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate NEAR_USDT | +0.0100% | 8h | 4.3335 | +0.011% | $32.1M | $62.0M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.3360 | +0.069% | $73.7M | $146.3M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3390 | +0.138% | $53.8M | $45.8M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3367 | +0.085% | $71.5M | $127.6M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.3360 | +0.069% | — | $144.8M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.3447 | +0.270% | $8.2M | $18.0M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3528 | +0.455% | $254K | $951K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3530 | +0.462% | $1.4M | $1.5M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3500 | +0.392% | $167K | $796K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3343 | +0.029% | $273K | $3.9M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.3339 | +0.020% | $57K | $246K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3410 | +0.184% | $1K | $1.4M | 20x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.3400 | +0.161% | $468K | $3.9M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3340 | +0.022% | $3.7M | $8.3M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.3300 | −0.069% | $31K | $608 | 10x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.3350 | +0.046% | $202K | $37K | 3x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.3410 | +0.184% | $13.5M | $32.1M | 75x | as long as short |
| Pacifica NEAR | +0.0263% | 1h | 4.3341 | +0.026% | $401K | $1.3M | 10x | as long as short |
| Kalshi KXNEARPERP | +0.0273% | 8h | 4.3322 | −0.019% | $870K | $23.5M | 2.2x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0323% / S −0.0198% | 1h | 4.3289 | −0.095% | $234K | — | 100x | as long as short |
| Aster NEARUSDT | +0.0335% | 8h | 4.3379 | +0.112% | $2.8M | $5.5M | 50x | as long as short |
| SoDEX NEAR-USD | +0.0355% | 1h | 4.3315 | −0.035% | $6K | $53K | 10x | as long as short |
| 01 Exchange NEARUSD | +0.0520% | 1h | 4.3345 | +0.034% | $13K | $7K | 10x | as long as short |
| Nado NEAR-PERP | +0.0564% | 1h | 4.3322 | −0.020% | $1.8M | $3.1M | 10x | as long as short |
| Hyperliquid NEAR | +0.0575% | 1h | 4.3405 | +0.172% | $355.4M | $314.3M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0590% | 1h | 4.3380 | +0.115% | $1.3M | $6.8M | 20x | as long as short |
| Extended NEAR-USD | +0.0592% | 1h | 4.3361 | +0.072% | $3.8M | $19.9M | 25x | as long as short |
| Arcus NEAR-USD | +0.0627% | 1h | 4.3360 | +0.069% | $213K | $1.6M | 10x | as long as short |
| Kraken Futures PF_NEARUSDlong | +0.0711% | 1h | 4.3330 | long leg | $7.6M | $39.0M | 50x | |
| Deribit NEAR_USDC-PERPETUAL | +0.0812% | 1h | 4.3343 | +0.029% | $1.9M | $9.6M | 25x | as long as short |
| Lighter RH NEAR | +0.0920% | 1h | 4.3387 | +0.131% | $1.5M | $7.4M | 10x | as long as short |
| Phoenix NEAR | +0.0941% | 1h | 4.3602 | +0.627% | $1.8M | $2.8M | 10x | as long as short |
| Lighter NEAR | +0.1080% | 1h | 4.3430 | +0.231% | $17.5M | $25.1M | 15x | as long as short |
| RISEx NEAR/USDC | +0.1162% | 1h | 4.3351 | +0.047% | $681K | $1.3M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1581% | 1h | 4.3409 | +0.182% | $5K | $13K | 10x | as long as short |
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
HTX NEAR-USDT
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Aevo NEAR-PERP
BloFin NEAR-USDT
Pacifica NEAR
Kalshi KXNEARPERP
GMX NEAR/USD [ETH-USDC]
Aster NEARUSDT
SoDEX NEAR-USD
01 Exchange NEARUSD
Nado NEAR-PERP
Hyperliquid NEAR
Backpack NEAR_USDC_PERP
Extended NEAR-USD
Arcus NEAR-USD
Deribit NEAR_USDC-PERPETUAL
Lighter RH NEAR
Phoenix NEAR
Lighter NEAR
RISEx NEAR/USDC
Aftermath Perps NEARUSD