Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0231%/8h= +25.3% APRpaid last 24h +0.052%

Price spread now: HTX against Kraken Futures+0.193%7-day average +0.213% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$700.696% of the position

Long on Kraken Futures Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.426%+$43 on $10k

Price spread, last 3 days (all we have)+0.008%+$1 · spread now +0.193%, 7d avg +0.213%

Together, before fees+0.434%+$43 on $10k · with fees, hour by hour

Funding pays, the price is against you. HTX is 0.020% cheaper against Kraken Futures than usual: you would sell low and buy high (spread +0.193% now, against its 7-day average of +0.213%). If the spread goes back, that is −$2 on $10k: about 7 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_NEARUSD	4.2897	−0.0131	get 0.0016% / 1h	0m 22s	$7.9M	$38.0M	50x
Short	HTX NEAR-USDT	4.2980	0.0100	get 0.0100% / 8h	7h 00m	$453K	$3.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.193%Rate

Funding earned: $48.54
Price spread: +0.193% → +0.213%: −$2.01
Slippage, 4 orders: −$47.64
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$23.11
Costs to cover: 0.696%
Break-even: 10.3 days

Slippage from Kraken Futures: live order book, 4 min ago; HTX: live order book, 4 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	3.93 bp	14.5 bp −$15	20.1 bp −$201	67.9 bp −$6,789	6645.4 bp −$3.32M
Sell HTX live order book, 4 min ago	9.24 bp	16.9 bp −$17	63.2 bp −$632	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	4.2918	+0.049%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSDlong	−0.0131%	1h	4.2897	long leg	$7.9M	$38.0M	50x
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.2854	−0.100%	$2.1M	$13.1M	50x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2977	+0.186%	$379K	$18.8M	2.2x	as long as short
dYdX NEAR-USD	+0.0004%	1h	4.2931	+0.080%	$111K	$64K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3020	+0.287%	$156K	—	150x	as long as short
Variational Omni NEAR	+0.0016%	8h	4.2957	+0.141%	$8.2M	$18.8M	—	as long as short
Phemex NEARUSDT	+0.0018%	8h	4.2910	+0.030%	$3.8M	$8.4M	50x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.467%	$578	$302K	12x	as long as short
01 Exchange NEARUSD	+0.0056%	1h	4.2963	+0.154%	$13K	$7K	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex NEARUSDT	+0.0096%	1h	4.2950	+0.123%	$114K	$473K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.3033	+0.317%	$57K	$162K	20x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2970	+0.170%	$3.0M	$5.8M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.2969	+0.168%	$400K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2995	+0.228%	$256.7M	$1.05B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3018	+0.282%	$219.2M	$416.8M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3020	+0.287%	$60.6M	$276.1M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2980	+0.193%	$204K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3243	+0.806%	$246K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2969	+0.168%	$30.8M	$61.5M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2940	+0.100%	$73.3M	$142.4M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2960	+0.147%	$55.4M	$42.6M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3019	+0.284%	$71.2M	$122.5M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3020	+0.287%	—	$142.3M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3202	+0.711%	$257K	$1.1M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3356	+1.070%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3200	+0.706%	$177K	$777K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2957	+0.140%	$207K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2980	+0.193%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2900	+0.007%	$5K	$51K	10x	as long as short
HTX NEAR-USDTshort	+0.0100%	8h	4.2980	+0.193%	$453K	$3.6M	75x
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2942	+0.104%	$31K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2944	+0.109%	$3.8M	$17.3M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3019	+0.284%	$200K	$31K	3x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0216%	1h	4.2981	+0.196%	$1.9M	$3.9M	25x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2890	−0.016%	$13.1M	$27.5M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0376% / S −0.0308%	1h	4.3007	+0.257%	$274K	—	100x	as long as short
Nado NEAR-PERP	+0.0427%	1h	4.2930	+0.077%	$1.9M	$3.1M	10x	as long as short
RISEx NEAR/USDC	+0.0428%	1h	4.2981	+0.197%	$410K	$1.2M	10x	as long as short
Hyperliquid NEAR	+0.0468%	1h	4.3014	+0.273%	$364.5M	$302.0M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0494%	1h	4.2955	+0.135%	$1.3M	$5.9M	20x	as long as short
Phoenix NEAR	+0.0499%	1h	4.3191	+0.685%	$1.8M	$2.7M	10x	as long as short
Lighter RH NEAR	+0.0520%	1h	4.3011	+0.266%	$1.6M	$7.0M	10x	as long as short
Aftermath Perps NEARUSD	+0.1474%	1h	4.3151	+0.591%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1760%	1h	4.3090	+0.449%	$17.2M	$24.8M	15x	as long as short