Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0086%/8h= +9.4% APRpaid last 24h −0.106%

Price spread now: Paradex against Kraken Futures+0.025%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Paradex is 0.025% dearer against Kraken Futures than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_NEARUSD	4.3212	0.0017	pay 0.0002% / 1h	57m 34s	$7.1M	$38.3M	50x
Short	Paradex NEAR-USD-PERP	4.3223	0.0102	get 0.0102% / 8h	57m 34s	$31K	$585	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.025%Rate

Funding earned: $18.01
Price spread: +0.025% → 0.000%: $2.46
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: $6.47
Costs to cover: 0.140%
Break-even: 4.5 days

Slippage unknown: Kraken Futures: live order book, 2 min ago; Paradex: no order-book sample. Net counts fees only.

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, 2 min ago	8.47 bp	14.7 bp −$15	17.9 bp −$179	49.4 bp −$4,940	5112.9 bp −$2.56M
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	4.3153	−0.138%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3105	−0.248%	$106K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3179	−0.078%	$162K	—	150x	as long as short
Kraken Futures PF_NEARUSDlong	+0.0017%	1h	4.3212	long leg	$7.1M	$38.3M	50x
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.171%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3210	−0.005%	$105K	$492K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3227	+0.034%	$218.6M	$431.4M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3230	+0.041%	$60.8M	$290.9M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3150	−0.143%	$246K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3215	+0.006%	$35.2M	$61.5M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NEARUSDTM	+0.0100%	8h	4.3240	+0.064%	$52.4M	$45.9M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3221	+0.020%	$71.5M	$128.6M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3137	−0.173%	$8.6M	$18.7M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3174	−0.089%	$250K	$896K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3153	−0.136%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3150	−0.144%	$163K	$804K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3188	−0.056%	$278K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3230	+0.041%	$58K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3310	+0.226%	$2K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3225	+0.030%	$5K	$53K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3260	+0.111%	$457K	$3.8M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3230	+0.041%	$3.6M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERPshort	+0.0102%	8h	4.3223	+0.025%	$31K	$585	10x
Extended NEAR-USD	+0.0104%	1h	4.3213	+0.002%	$3.6M	$17.7M	25x	as long as short
Aevo NEAR-PERP	+0.0136%	1h	4.3242	+0.069%	$201K	$38K	3x	as long as short
BingX NEAR-USDT	+0.0202%	8h	4.3230	+0.041%	—	$144.8M	—	as long as short
Kalshi KXNEARPERP	+0.0209%	8h	4.3114	−0.227%	$937K	$25.1M	2.2x	as long as short
MEXC NEAR_USDT	+0.0213%	8h	4.3240	+0.064%	$76.2M	$147.9M	200x	as long as short
Binance NEARUSDT	+0.0214%	8h	4.3210	−0.005%	$262.6M	$1.09B	75x	as long as short
Aster NEARUSDT	+0.0245%	8h	4.3220	+0.018%	$2.7M	$4.9M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0313% / S −0.0201%	1h	4.3180	−0.075%	$231K	—	100x	as long as short
BloFin NEAR-USDT	+0.0333%	8h	4.3130	−0.190%	$13.4M	$31.9M	75x	as long as short
Backpack NEAR_USDC_PERP	+0.0386%	1h	4.3279	+0.155%	$1.3M	$7.0M	20x	as long as short
01 Exchange NEARUSD	+0.0392%	1h	4.3246	+0.078%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0451%	1h	4.3155	−0.132%	$1.6M	$3.2M	10x	as long as short
Hyperliquid NEAR	+0.0465%	1h	4.3260	+0.111%	$351.2M	$315.2M	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.3230	+0.041%	$2.3M	$16.6M	50x	as long as short
Arcus NEAR-USD	+0.0638%	1h	4.3250	+0.087%	$228K	$1.6M	10x	as long as short
Lighter NEAR	+0.0704%	1h	4.3279	+0.155%	$17.0M	$24.8M	15x	as long as short
Lighter RH NEAR	+0.0792%	1h	4.3283	+0.164%	$1.5M	$6.6M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0931%	1h	4.3252	+0.092%	$1.9M	$13.0M	25x	as long as short
Pacifica NEAR	+0.0949%	1h	4.3246	+0.077%	$407K	$1.5M	10x	as long as short
RISEx NEAR/USDC	+0.0965%	1h	4.3175	−0.087%	$655K	$1.4M	10x	as long as short
Phoenix NEAR	+0.1003%	1h	4.3312	+0.231%	$1.8M	$2.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1279%	1h	4.3268	+0.130%	$5K	$12K	10x	as long as short