NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0429%/8h= −47.0% APRnext payment −$0.54 per $10,000 · paid last 24h −0.035%

Price spread now: Deribit against Kraken Futures+0.048%7-day average +0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$550.550% of the position

Long on Kraken Futures Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.174%+$17 on $10k

Price spread, last 4 days (all we have)−0.055%−$5 · spread now +0.048%, 7d avg +0.033%

Together, before fees+0.119%+$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.033%, so right now this pair is about funding alone: −$13 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.174%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.174% in total (about 9.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.54 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	4.3611	0.0706	pay 0.0088% / 1h	46m 58s	$8.1M	$41.0M	50x
Short	Deribit NEAR_USDC-PERPETUAL	4.3632	0.0277	get 0.0035% / 1h	46m 58s	$1.9M	$4.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 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 Kraken FuturesbpFee DeribitbpOrdersPrice spread, now +0.048%Rate

Funding earned: −$90.18
Price spread: +0.048% → +0.033%: $1.57
Slippage, 4 orders: −$38.02
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$143.63
Costs to cover: 0.550%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 2 min ago; Deribit: 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 Kraken Futures live order book, 2 min ago	12.59 bp	21.3 bp −$21	24.7 bp −$247	52.7 bp −$5,265	6101.2 bp −$3.05M
Sell Deribit live order book, 2 min ago	3.43 bp	6.9 bp −$7	14.9 bp −$149	doesn't fit	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	4.3647	+0.082%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.3661	+0.115%	$2.2M	$14.1M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3692	+0.185%	$108K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3642	+0.071%	$567K	$19.3M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3620	+0.020%	$198K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.047%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3720	+0.250%	$115K	$483K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3718	+0.246%	$413K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3508	−0.236%	$264.5M	$1.07B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3420	−0.438%	$219.4M	$417.1M	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	4.3400	−0.484%	$62.2M	$286.9M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3657	+0.106%	$249K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3490	−0.277%	$31.3M	$61.8M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3510	−0.231%	$75.0M	$140.0M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3600	−0.025%	$54.7M	$44.1M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3554	−0.130%	$71.5M	$126.2M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3450	−0.369%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3926	+0.724%	$8.5M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3629	+0.041%	$262K	$1.0M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3910	+0.686%	$1.5M	$1.4M	10x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3701	+0.207%	$206K	$3.6M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3599	−0.027%	$60K	$190K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3690	+0.181%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3585	−0.059%	$5K	$50K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3690	+0.181%	$457K	$3.8M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3590	−0.048%	$3.8M	$8.1M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3686	+0.171%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3540	−0.163%	$3.8M	$18.5M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3623	+0.028%	$203K	$34K	3x	as long as short
Aster NEARUSDT	+0.0195%	8h	4.3616	+0.011%	$3.0M	$5.5M	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3510	−0.231%	—	$30.3M	75x	as long as short
ApeX Omni NEARUSDT	+0.0231%	1h	4.3580	−0.071%	$194K	$778K	50x	as long as short
Deribit NEAR_USDC-PERPETUALshort	+0.0277%	1h	4.3632	+0.048%	$1.9M	$4.3M	25x
GMX NEAR/USD [ETH-USDC]	L +0.0349% / S −0.0244%	1h	4.3608	−0.007%	$256K	—	100x	as long as short
Nado NEAR-PERP	+0.0391%	1h	4.3680	+0.158%	$1.9M	$3.0M	10x	as long as short
01 Exchange NEARUSD	+0.0392%	1h	4.3751	+0.321%	$13K	$7K	10x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.3760	+0.342%	$208K	$1.7M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0666%	1h	4.3649	+0.087%	$1.5M	$6.5M	20x	as long as short
Kraken Futures PF_NEARUSDlong	+0.0706%	1h	4.3611	long leg	$8.1M	$41.0M	50x
Lighter RH NEAR	+0.0744%	1h	4.3658	+0.108%	$1.6M	$6.9M	10x	as long as short
Hyperliquid NEAR	+0.0761%	1h	4.3644	+0.076%	$367.5M	$304.8M	10x	as long as short
Phoenix NEAR	+0.0855%	1h	4.3669	+0.133%	$1.8M	$2.7M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.3753	+0.326%	$552K	$1.3M	10x	as long as short
Lighter NEAR	+0.1264%	1h	4.3687	+0.175%	$17.5M	$25.6M	15x	as long as short
Aftermath Perps NEARUSD	+0.1744%	1h	4.3724	+0.258%	$6K	$12K	10x	as long as short