NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0593%/8h= −64.9% APRnext payment −$0.74 per $10,000 · paid last 24h −0.122%

Price spread now: dYdX against Kraken Futures+0.108%7-day average −0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$250as in the Funding arb table

Net, price: spread back to 7d avg − costs−$199as in the Price arb table

costs, in and out, $10k−$2152.145% of the position

Long on Kraken Futures Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.357%−$36 on $10k

Price spread, last 4 days (all we have)−0.605%−$61 · spread now +0.108%, 7d avg −0.043%

Together, before fees−0.962%−$96 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.151% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.108% now, against its 7-day average of −0.043%): +$15 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 20 hours. At the pace of the last 7 days (−0.357% in total) that is about 3.0 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.357% in total (about -18.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.74 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	4.3785	0.0593	pay 0.0074% / 1h	10m 11s	$8.0M	$39.7M	50x
Short	dYdX NEAR-USD	4.3833	0	get 0.0000% / 1h	10m 11s	$108K	$69K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.108%Rate

Funding earned: −$124.56
Price spread: +0.108% → −0.043%: $15.11
Slippage, 4 orders: −$194.5
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$323.95
Costs to cover: 2.145%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 4 min ago; dYdX: live order book, 49 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, 4 min ago	7.02 bp	14.9 bp −$15	20.5 bp −$205	51.2 bp −$5,121	6572.4 bp −$3.29M
Sell dYdX live order book, 49 min ago	84.80 bp	91.0 bp −$91	134.1 bp −$1,341	138.4 bp −$13.8K	159.1 bp −$79.6K

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	4.3782	−0.007%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0008%	1h	4.3830	+0.102%	$2.2M	$15.5M	50x	as long as short
dYdX NEAR-USDshort	0.0000%	1h	4.3833	+0.108%	$108K	$69K	10x
Kalshi KXNEARPERP	0.0000%	8h	4.3802	+0.038%	$615K	$22.3M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3793	+0.017%	$164K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.425%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3820	+0.079%	$112K	$517K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3872	+0.198%	$417K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3847	+0.142%	$270.2M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3790	+0.011%	$220.6M	$424.1M	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	4.3800	+0.034%	$62.5M	$296.1M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4054	+0.615%	$251K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3788	+0.006%	$31.9M	$64.3M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3860	+0.171%	$73.7M	$150.4M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3830	+0.102%	$54.5M	$46.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3763	−0.051%	$71.9M	$130.1M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3810	+0.057%	—	$147.3M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4067	+0.643%	$8.5M	$18.1M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4159	+0.854%	$265K	$980K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4070	+0.650%	$1.5M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4090	+0.696%	$170K	$801K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3826	+0.093%	$244K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3788	+0.006%	$56K	$227K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3860	+0.171%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3880	+0.217%	$454K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3850	+0.148%	$3.8M	$8.4M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3826	+0.093%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3805	+0.045%	$204K	$40K	3x	as long as short
SoDEX NEAR-USD	+0.0178%	1h	4.3770	−0.035%	$8K	$52K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3970	+0.422%	$13.8M	$32.6M	75x	as long as short
Aster NEARUSDT	+0.0309%	8h	4.3842	+0.130%	$2.9M	$5.5M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0320% / S −0.0190%	1h	4.3795	+0.023%	$232K	—	100x	as long as short
Backpack NEAR_USDC_PERP	+0.0337%	1h	4.4001	+0.493%	$1.3M	$6.4M	20x	as long as short
01 Exchange NEARUSD	+0.0352%	1h	4.3874	+0.203%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0388%	1h	4.3865	+0.182%	$361.8M	$325.0M	10x	as long as short
Extended NEAR-USD	+0.0464%	1h	4.3750	−0.081%	$3.9M	$19.7M	25x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0481%	1h	4.3800	+0.034%	$2.0M	$7.3M	25x	as long as short
Nado NEAR-PERP	+0.0565%	1h	4.3808	+0.053%	$1.9M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0581%	1h	4.3880	+0.217%	$217K	$1.8M	10x	as long as short
Kraken Futures PF_NEARUSDlong	+0.0593%	1h	4.3785	long leg	$8.0M	$39.7M	50x
Lighter RH NEAR	+0.0688%	1h	4.3885	+0.228%	$1.5M	$7.2M	10x	as long as short
Phoenix NEAR	+0.0794%	1h	4.4173	+0.886%	$1.8M	$2.8M	10x	as long as short
RISEx NEAR/USDC	+0.0926%	1h	4.3869	+0.192%	$589K	$1.4M	10x	as long as short
Lighter NEAR	+0.0976%	1h	4.3866	+0.185%	$17.7M	$26.5M	15x	as long as short
Aftermath Perps NEARUSD	+0.1611%	1h	4.4074	+0.659%	$5K	$12K	10x	as long as short