NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0611%/8h= −66.9% APRnext payment −$0.76 per $10,000 · paid last 24h −0.086%

Price spread now: Popdex against Kraken Futures+0.055%7-day average −0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$460.457% of the position

Long on Kraken Futures Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.192%−$19 on $10k

Price spread, last 3 days (all we have)−0.153%−$15 · spread now +0.055%, 7d avg −0.024%

Together, before fees−0.345%−$34 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Popdex is 0.078% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.055% now, against its 7-day average of −0.024%): +$8 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 10 hours. At the pace of the last 4 days (−0.192% in total) that is about 34 hours.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.192% in total (about -19.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.76 per $10,000. 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	4.3586	0.0707	pay 0.0088% / 1h	48m 48s	$8.1M	$41.0M	50x
Short	Popdex NEARUSDT	4.3610	0.0096	get 0.0012% / 1h	48m 48s	$114K	$483K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now +0.055%Rate

Funding earned: −$128.28
Price spread: +0.055% → −0.024%: $7.84
Slippage, 4 orders: −$29.31
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$166.15
Costs to cover: 0.457%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 5 min ago; Popdex: live order book, 15 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	6.97 bp	13.8 bp −$14	20.4 bp −$204	39.8 bp −$3,981	6151.5 bp −$3.08M
Sell Popdex live order book, 15 min ago	2.29 bp	7.5 bp −$8	54.5 bp −$545	doesn't fit	doesn't fit

NEAR on 44 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	4.3538	−0.110%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.3541	−0.104%	$2.2M	$14.1M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3708	+0.279%	$108K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3580	−0.014%	$548K	$19.3M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3546	−0.093%	$197K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.993%	$578	$302K	12x	as long as short
Popdex NEARUSDTshort	+0.0096%	1h	4.3610	+0.055%	$114K	$483K	50x
Pacifica NEAR	+0.0100%	1h	4.3705	+0.273%	$413K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3682	+0.221%	$265.2M	$1.07B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3764	+0.408%	$221.2M	$416.7M	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3720	+0.307%	$62.2M	$288.8M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3657	+0.163%	$249K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3666	+0.183%	$31.4M	$61.8M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3740	+0.353%	$75.4M	$139.9M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3810	+0.514%	$54.7M	$44.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3663	+0.176%	$71.7M	$126.1M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3670	+0.192%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3926	+0.781%	$8.5M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3800	+0.492%	$268K	$994K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3910	+0.743%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3790	+0.468%	$195K	$778K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3606	+0.046%	$205K	$3.6M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3559	−0.062%	$60K	$190K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3710	+0.284%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3565	−0.048%	$5K	$50K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3640	+0.124%	$456K	$3.8M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3610	+0.055%	$3.8M	$8.1M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3732	+0.336%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3726	+0.320%	$3.8M	$18.5M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3575	−0.026%	$203K	$34K	3x	as long as short
Aster NEARUSDT	+0.0193%	8h	4.3752	+0.380%	$3.0M	$5.5M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0232%	1h	4.3575	−0.026%	$1.9M	$4.3M	25x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0348% / S −0.0244%	1h	4.3550	−0.082%	$255K	—	100x	as long as short
01 Exchange NEARUSD	+0.0400%	1h	4.3689	+0.236%	$13K	$7K	10x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.3700	+0.261%	$208K	$1.7M	10x	as long as short
Nado NEAR-PERP	+0.0423%	1h	4.3539	−0.108%	$1.9M	$3.0M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0658%	1h	4.3688	+0.234%	$1.4M	$6.4M	20x	as long as short
Kraken Futures PF_NEARUSDlong	+0.0707%	1h	4.3586	long leg	$8.1M	$41.0M	50x
Lighter RH NEAR	+0.0760%	1h	4.3715	+0.296%	$1.6M	$6.9M	10x	as long as short
Hyperliquid NEAR	+0.0763%	1h	4.3720	+0.307%	$368.2M	$304.6M	10x	as long as short
Phoenix NEAR	+0.0855%	1h	4.3944	+0.821%	$1.8M	$2.7M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.3677	+0.209%	$551K	$1.3M	10x	as long as short
Lighter NEAR	+0.1208%	1h	4.3728	+0.326%	$17.5M	$25.6M	15x	as long as short
Aftermath Perps NEARUSD	+0.1703%	1h	4.3758	+0.395%	$6K	$12K	10x	as long as short