Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0533%/8h= +58.3% APRpaid last 24h −0.117%

Price spread now: edgeX against Kraken Futures+0.254%7-day average −0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$620.615% of the position

Long on Kraken Futures Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.195%−$20 on $10k

Price spread, last 4 days (all we have)−0.547%−$55 · spread now +0.254%, 7d avg −0.034%

Together, before fees−0.742%+ Points / potential airdropedgeX: Active · farm board−$74 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and edgeX is 0.289% dearer against Kraken Futures than usual: you sell high and buy low: +$29 more if the spread goes back to its 7-day average of −0.034%. Mind the row above: over the last 7 days funding on this pair cost −0.195%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.195% in total (about -10.2% a year). A funding rate is set anew for every payment. 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	4.3636	−0.0433	get 0.0054% / 1h	35m 09s	$7.2M	$38.7M	50x
Short	edgeX NEARUSDC	4.3747	0.0100	get 0.0050% / 4h	3h 35m	$254K	$893K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.254%Rate

Funding earned: $111.88
Price spread: +0.254% → −0.034%: $28.85
Slippage, 4 orders: −$42.55
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $79.19
Costs to cover: 0.615%
Break-even: 2.0 days

Slippage from Kraken Futures: live order book, 4 min ago; edgeX: live order book, 54 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	8.36 bp	13.6 bp −$14	14.6 bp −$146	44.1 bp −$4,413	6539.6 bp −$3.27M
Sell edgeX live order book, 54 min ago	8.05 bp	13.5 bp −$14	27.6 bp −$276	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
Kraken Futures PF_NEARUSDlong	−0.0433%	1h	4.3636	long leg	$7.2M	$38.7M	50x
Reya NEARRUSDPERP	−0.0171%	1h	4.3617	−0.044%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3703	+0.152%	$107K	$65K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3699	+0.144%	$164K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.102%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3740	+0.238%	$119K	$503K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.3633	−0.007%	$2.7M	$4.8M	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3615	−0.049%	$219.8M	$427.8M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3610	−0.060%	$61.7M	$294.7M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3740	+0.238%	$221K	$1.5M	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NEAR_USDT	+0.0100%	8h	4.3604	−0.074%	$36.4M	$62.1M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3680	+0.100%	$52.5M	$45.4M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3611	−0.058%	$72.0M	$127.8M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3708	+0.164%	$9.0M	$18.1M	—	as long as short
edgeX NEARUSDCshort	+0.0100%	4h	4.3747	+0.254%	$254K	$893K	20x
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3650	+0.031%	$1.4M	$1.6M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3730	+0.215%	$165K	$826K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3725	+0.203%	$273K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3704	+0.155%	$56K	$239K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3790	+0.352%	$1K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3645	+0.020%	$5K	$50K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3610	−0.060%	$3.5M	$8.1M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3708	+0.165%	$252K	$3K	10x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3702	+0.151%	$32K	$585	10x	as long as short
Binance NEARUSDT	+0.0103%	8h	4.3640	+0.009%	$263.4M	$1.09B	75x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3640	+0.008%	$3.6M	$15.6M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3698	+0.142%	$203K	$40K	3x	as long as short
MEXC NEAR_USDT	+0.0105%	8h	4.3610	−0.060%	$89.6M	$157.3M	200x	as long as short
BingX NEAR-USDT	+0.0112%	8h	4.3610	−0.060%	—	$83.5M	—	as long as short
Kalshi KXNEARPERP	+0.0146%	8h	4.3710	+0.169%	$866K	$25.5M	2.2x	as long as short
BloFin NEAR-USDT	+0.0223%	8h	4.3640	+0.009%	$12.6M	$32.4M	75x	as long as short
Hyperliquid NEAR	+0.0228%	1h	4.3658	+0.050%	$352.8M	$316.3M	10x	as long as short
Nado NEAR-PERP	+0.0272%	1h	4.3715	+0.180%	$1.7M	$3.2M	10x	as long as short
01 Exchange NEARUSD	+0.0320%	1h	4.3789	+0.350%	$13K	$7K	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0352% / S −0.0255%	1h	4.3599	−0.086%	$257K	—	100x	as long as short
HTX NEAR-USDT	+0.0401%	8h	4.3710	+0.169%	$462K	$3.7M	75x	as long as short
Lighter RH NEAR	+0.0456%	1h	4.3669	+0.075%	$1.5M	$6.4M	10x	as long as short
Lighter NEAR	+0.0472%	1h	4.3694	+0.132%	$17.2M	$23.9M	15x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.3709	+0.167%	$2.3M	$17.2M	50x	as long as short
Backpack NEAR_USDC_PERP	+0.0521%	1h	4.3648	+0.027%	$1.1M	$7.1M	20x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0620%	1h	4.3723	+0.199%	$1.9M	$13.1M	25x	as long as short
RISEx NEAR/USDC	+0.0656%	1h	4.3752	+0.266%	$593K	$1.5M	10x	as long as short
Pacifica NEAR	+0.0701%	1h	4.3717	+0.186%	$412K	$1.4M	10x	as long as short
Phoenix NEAR	+0.0740%	1h	4.3762	+0.288%	$1.8M	$2.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1058%	1h	4.3766	+0.298%	$5K	$7K	10x	as long as short