NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0112%/8h= −12.3% APRnext payment −$0.14 per $10,000 · paid last 24h −0.080%

Price spread now: Extended against Kraken Futures+0.129%7-day average −0.087% · you sell dearer than you buy

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$410.414% of the position

Long on Kraken Futures Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.164%−$16 on $10k

Price spread, last 3 days (all we have)−0.318%−$32 · spread now +0.129%, 7d avg −0.087%

Together, before fees−0.482%+ Points / potential airdropExtended: Active · farm board−$48 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.216% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.129% now, against its 7-day average of −0.087%): +$22 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 6.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_NEARUSD	4.3747	0.0216	pay 0.0027% / 1h	34m 32s	$7.7M	$40.3M	50x
Short	Extended NEAR-USD	4.3804	0.0104	get 0.0013% / 1h	34m 32s	$3.9M	$17.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.129%Rate

Funding earned: −$23.58
Price spread: +0.129% → −0.087%: $21.59
Slippage, 4 orders: −$26.42
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$43.41
Costs to cover: 0.414%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 5 min ago; Extended: live order book, 5 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	6.80 bp	15.2 bp −$15	20.8 bp −$208	51.4 bp −$5,139	6694.3 bp −$3.35M
Sell Extended live order book, 5 min ago	0.58 bp	4.8 bp −$5	9.5 bp −$95	665.5 bp −$66.6K	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	4.3914	+0.382%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0064%	1h	4.3768	+0.047%	$2.2M	$13.8M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3833	+0.196%	$108K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3676	−0.163%	$535K	$19.6M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3700	−0.109%	$202K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.343%	$578	$302K	12x	as long as short
Variational Omni NEAR	+0.0052%	8h	4.3548	−0.455%	$8.3M	$19.1M	—	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3840	+0.212%	$117K	$479K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.3726	−0.049%	$58K	$161K	20x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3870	+0.280%	$415K	$1.2M	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance NEARUSDT	+0.0100%	8h	4.3873	+0.287%	$262.1M	$1.07B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3867	+0.273%	$223.1M	$420.5M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3860	+0.257%	$61.8M	$285.2M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3870	+0.280%	$208K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3449	−0.681%	$248K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3822	+0.171%	$31.6M	$61.1M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3840	+0.212%	$76.3M	$138.5M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3880	+0.303%	$56.2M	$42.8M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3900	+0.349%	$72.6M	$123.9M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3830	+0.189%	—	$142.8M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3236	−1.169%	$260K	$1.0M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3339	−0.932%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3400	−0.794%	$180K	$775K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3926	+0.408%	$215K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3800	+0.120%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3725	−0.051%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3850	+0.235%	$453K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3740	−0.017%	$3.9M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3840	+0.212%	$32K	$608	10x	as long as short
Extended NEAR-USDshort	+0.0104%	1h	4.3804	+0.129%	$3.9M	$17.4M	25x
Aevo NEAR-PERP	+0.0104%	1h	4.3725	−0.051%	$204K	$34K	3x	as long as short
Aster NEARUSDT	+0.0129%	8h	4.3850	+0.235%	$3.1M	$5.8M	50x	as long as short
Kraken Futures PF_NEARUSDlong	+0.0216%	1h	4.3747	long leg	$7.7M	$40.3M	50x
BloFin NEAR-USDT	+0.0220%	8h	4.3220	−1.206%	$13.2M	$27.6M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0361% / S −0.0278%	1h	4.3679	−0.156%	$262K	—	100x	as long as short
01 Exchange NEARUSD	+0.0376%	1h	4.3874	+0.289%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0409%	1h	4.3885	+0.315%	$1.9M	$3.1M	10x	as long as short
RISEx NEAR/USDC	+0.0509%	1h	4.3870	+0.280%	$547K	$1.3M	10x	as long as short
Phoenix NEAR	+0.0592%	1h	4.3434	−0.716%	$1.8M	$2.6M	10x	as long as short
Lighter RH NEAR	+0.0688%	1h	4.3915	+0.383%	$1.6M	$6.9M	10x	as long as short
Hyperliquid NEAR	+0.0782%	1h	4.3974	+0.518%	$369.1M	$303.8M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0818%	1h	4.3868	+0.276%	$1.4M	$6.0M	20x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0894%	1h	4.3751	+0.008%	$1.9M	$4.1M	25x	as long as short
Aftermath Perps NEARUSD	+0.1439%	1h	4.3386	−0.825%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1480%	1h	4.3948	+0.457%	$17.5M	$24.8M	15x	as long as short