Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0118%/8h= +12.9% APRpaid last 24h +0.079%

Price spread now: Kraken Futures against OKX+0.084%7-day average +0.077% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$510.506% of the position

Long on OKX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.156%+$16 on $10k

Price spread, last 3 days (all we have)+0.058%+$6 · spread now +0.084%, 7d avg +0.077%

Together, before fees+0.215%+$21 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.077%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX NEAR-USDT-SWAP	4.3380	0.0100	pay 0.0100% / 8h	6h 37m	$61.2M	$281.2M	50x
Short	Kraken Futures PF_NEARUSD	4.3416	0.0218	get 0.0027% / 1h	37m 13s	$7.6M	$40.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against OKX. 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 OKXbpFee Kraken FuturesbpOrdersPrice spread, now +0.084%Rate

Funding earned: $24.76
Price spread: +0.084% → +0.077%: $0.7
Slippage, 4 orders: −$30.62
Fee OKX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$25.16
Costs to cover: 0.506%
Break-even: 14.1 days

Slippage from OKX: live order book, 2 min ago; Kraken Futures: live order book, 2 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 OKX live order book, 2 min ago	1.15 bp	8.8 bp −$9	19.5 bp −$195	42.6 bp −$4,256	doesn't fit
Sell Kraken Futures live order book, 2 min ago	6.80 bp	16.7 bp −$17	21.7 bp −$217	51.4 bp −$5,143	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	4.3381	+0.002%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0064%	1h	4.3375	−0.012%	$2.2M	$13.6M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3382	+0.003%	$108K	$69K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3314	−0.152%	$526K	$19.6M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3399	+0.045%	$201K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.541%	$578	$302K	12x	as long as short
Variational Omni NEAR	+0.0043%	8h	4.3108	−0.626%	$8.2M	$19.1M	—	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3430	+0.115%	$116K	$478K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.3393	+0.030%	$58K	$161K	20x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3385	+0.012%	$410K	$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	4.3415	+0.080%	$259.4M	$1.06B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3391	+0.025%	$220.7M	$419.8M	75x	as long as short
OKX NEAR-USDT-SWAPlong	+0.0100%	8h	4.3380	long leg	$61.2M	$281.2M	50x
Arcus NEAR-USD	+0.0100%	1h	4.3470	+0.207%	$206K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3300	−0.184%	$247K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3376	−0.009%	$31.1M	$60.7M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3400	+0.046%	$75.3M	$138.0M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3430	+0.115%	$55.8M	$42.8M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3400	+0.046%	$71.9M	$123.7M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3400	+0.046%	—	$142.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3236	−0.332%	$260K	$1.0M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3339	−0.093%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3230	−0.346%	$179K	$775K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3434	+0.124%	$214K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3480	+0.231%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3395	+0.035%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3490	+0.254%	$443K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3400	+0.046%	$3.8M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3371	−0.021%	$31K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3384	+0.010%	$3.8M	$17.4M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3384	+0.009%	$202K	$34K	3x	as long as short
Aster NEARUSDT	+0.0112%	8h	4.3466	+0.199%	$3.0M	$5.8M	50x	as long as short
Kraken Futures PF_NEARUSDshort	+0.0218%	1h	4.3416	+0.084%	$7.6M	$40.2M	50x
BloFin NEAR-USDT	+0.0220%	8h	4.3220	−0.369%	$13.2M	$27.6M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0360% / S −0.0278%	1h	4.3392	+0.027%	$260K	—	100x	as long as short
01 Exchange NEARUSD	+0.0368%	1h	4.3475	+0.219%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0442%	1h	4.3430	+0.115%	$1.9M	$3.1M	10x	as long as short
RISEx NEAR/USDC	+0.0509%	1h	4.3479	+0.228%	$544K	$1.3M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0580%	1h	4.3420	+0.092%	$1.9M	$4.1M	25x	as long as short
Phoenix NEAR	+0.0592%	1h	4.3434	+0.124%	$1.8M	$2.6M	10x	as long as short
Lighter RH NEAR	+0.0672%	1h	4.3463	+0.191%	$1.6M	$6.9M	10x	as long as short
Hyperliquid NEAR	+0.0743%	1h	4.3467	+0.201%	$365.0M	$303.4M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0794%	1h	4.3446	+0.152%	$1.4M	$6.0M	20x	as long as short
Lighter NEAR	+0.1432%	1h	4.3493	+0.261%	$17.3M	$24.7M	15x	as long as short
Aftermath Perps NEARUSD	+0.1439%	1h	4.3261	−0.273%	$5K	$12K	10x	as long as short