Funding you earn now, next payment 04:00 UTC−0.0488%/8h= −53.4% APRpaid last 24h −0.095%
Price spread now: KuCoin against Kraken Futures+0.129%52s7-day average −0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$96as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$770.774% of the position
Funding, last 7 days−0.188%−$19 on $10k
+Price spread, last 4 days (all we have)−0.653%−$65 · spread now +0.129%, 7d avg −0.008%
=The price spread pays, funding is against you. KuCoin is 0.137% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.129% now, against its 7-day average of −0.008%): +$14 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 22 hours. At the pace of the last 7 days (−0.188% in total) that is about 5.1 days. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.188% in total (about -9.8% 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 | 4.4163 | 0.0588 | pay 0.0074% / 1h | 33m 21s | $8.1M | $39.9M | 50x |
| Short | KuCoin NEARUSDTM | 4.4220 | 0.0100 | get 0.0100% / 8h | 4h 33m | $55.0M | $46.0M | 75x |
Kraken Futures PF_NEARUSD
KuCoin NEARUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$102.49
- Price spread: +0.129% → −0.008%
- $13.66
- Slippage, 4 orders
- −$55.43
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$166.26
- Costs to cover
- 0.774%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 6 min ago; KuCoin: live order book, 6 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, 6 min ago | 11.65 bp | 17.2 bp −$17 | 20.0 bp −$200 | 55.9 bp −$5,589 | 6588.1 bp −$3.29M |
| Sell KuCoin live order book, 6 min ago | 1.13 bp | 20.3 bp −$20 | 41.1 bp −$411 | 105.7 bp −$10.6K | 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 | 4.4190 | +0.061% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0008% | 1h | 4.3921 | −0.548% | $2.2M | $15.3M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.4128 | −0.079% | $109K | $70K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.3954 | −0.474% | $598K | $22.0M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.4230 | +0.151% | $165K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −6.234% | $578 | $302K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.4190 | +0.061% | $117K | $514K | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.4156 | −0.015% | $422K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.4266 | +0.233% | $271.7M | $1.10B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.4239 | +0.172% | $222.2M | $424.4M | 75x | as long as short |
Reya NEARRUSDPERP
Coinbase International NEAR-PERP-INTX
dYdX NEAR-USD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Pacifica NEAR
Binance NEARUSDT
Bybit NEARUSDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.4230 | +0.151% | $62.7M | $300.3M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3987 | −0.398% | $251K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.4200 | +0.084% | $32.1M | $63.4M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.4230 | +0.151% | $74.2M | $148.8M | 200x | as long as short |
| KuCoin NEARUSDTMshort | +0.0100% | 8h | 4.4220 | +0.129% | $55.0M | $46.0M | 75x | |
| Bitget NEARUSDT | +0.0100% | 8h | 4.4207 | +0.099% | $72.6M | $130.2M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.4240 | +0.174% | — | $6.6M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.3977 | −0.421% | $8.5M | $18.2M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.4132 | −0.070% | $265K | $978K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.4140 | −0.052% | $1.5M | $1.4M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.4140 | −0.052% | $170K | $791K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.4220 | +0.129% | $234K | $3.9M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.4254 | +0.206% | $56K | $217K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.4080 | −0.188% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.4140 | −0.052% | $8K | $53K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.4220 | +0.129% | $458K | $4.0M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.4170 | +0.016% | $3.8M | $8.4M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.4159 | −0.009% | $32K | $608 | 10x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.4281 | +0.268% | $206K | $40K | 3x | as long as short |
| Hyperliquid NEAR | +0.0174% | 1h | 4.4237 | +0.167% | $364.7M | $325.1M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0220% | 1h | 4.4191 | +0.063% | $1.3M | $6.6M | 20x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.4180 | +0.038% | $13.9M | $32.9M | 75x | as long as short |
| Extended NEAR-USD | +0.0224% | 1h | 4.4152 | −0.026% | $4.0M | $19.6M | 25x | as long as short |
| 01 Exchange NEARUSD | +0.0248% | 1h | 4.4204 | +0.093% | $13K | $7K | 10x | as long as short |
| Aster NEARUSDT | +0.0291% | 8h | 4.4214 | +0.114% | $3.0M | $5.6M | 50x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0330% / S −0.0206% | 1h | 4.4218 | +0.125% | $240K | — | 100x | as long as short |
| Lighter RH NEAR | +0.0488% | 1h | 4.4216 | +0.120% | $1.5M | $7.2M | 10x | as long as short |
| Nado NEAR-PERP | +0.0543% | 1h | 4.4165 | +0.004% | $1.9M | $3.1M | 10x | as long as short |
| Arcus NEAR-USD | +0.0581% | 1h | 4.4240 | +0.174% | $222K | $1.8M | 10x | as long as short |
| Kraken Futures PF_NEARUSDlong | +0.0588% | 1h | 4.4163 | long leg | $8.1M | $39.9M | 50x | |
| Phoenix NEAR | +0.0794% | 1h | 4.4203 | +0.090% | $1.8M | $2.8M | 10x | as long as short |
| Lighter NEAR | +0.0896% | 1h | 4.4216 | +0.121% | $17.8M | $26.3M | 15x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0905% | 1h | 4.4191 | +0.063% | $1.9M | $6.9M | 25x | as long as short |
| RISEx NEAR/USDC | +0.0926% | 1h | 4.4225 | +0.140% | $563K | $1.4M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1525% | 1h | 4.4268 | +0.238% | $6K | $12K | 10x | as long as short |
OKX NEAR-USDT-SWAP
Bulk NEAR-USD
Gate NEAR_USDT
MEXC NEAR_USDT
Bitget NEARUSDT
BingX NEAR-USDC
Variational Omni NEAR
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
SoDEX NEAR-USD
HTX NEAR-USDT
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Aevo NEAR-PERP
Hyperliquid NEAR
Backpack NEAR_USDC_PERP
BloFin NEAR-USDT
Extended NEAR-USD
01 Exchange NEARUSD
Aster NEARUSDT
GMX NEAR/USD [ETH-USDC]
Lighter RH NEAR
Nado NEAR-PERP
Arcus NEAR-USD
Phoenix NEAR
Lighter NEAR
Deribit NEAR_USDC-PERPETUAL
RISEx NEAR/USDC
Aftermath Perps NEARUSD