Funding you earn now, next payment 11:00 UTC−0.0336%/8h= −36.8% APRpaid last 24h +0.112%
Price spread now: Kraken Futures against Orderly−0.007%7-day average +0.024% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.237%+$24 on $10k
+Price spread, last 4 days (all we have)+0.034%+$3 · spread now −0.007%, 7d avg +0.024%
=Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Kraken Futures is 0.031% cheaper against Orderly than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.024%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.237%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_NEAR_USDC | 4.4752 | 0.0100 | pay 0.0100% / 8h | 5h 43m | $58K | $269K | 20x |
| Short | Kraken Futures PF_NEARUSD | 4.4749 | −0.0236 | pay 0.0030% / 1h | 43m 50s | $7.4M | $36.9M | 50x |
Orderly PERP_NEAR_USDC
Kraken Futures PF_NEARUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Orderly. 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
- −$70.61
- Price spread: −0.007% → +0.024%
- −$3.08
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$89.69
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Kraken Futures: live order book, 3 min ago. 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Kraken Futures live order book, 3 min ago | 4.92 bp | 14.8 bp −$15 | 20.3 bp −$203 | 43.4 bp −$4,336 | doesn't fit |
Orderly: 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 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_NEARUSDshort | −0.0236% | 1h | 4.4749 | −0.007% | $7.4M | $36.9M | 50x | |
| Reya NEARRUSDPERP | −0.0171% | 1h | 4.4684 | −0.152% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.4732 | −0.044% | $110K | $53K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.4697 | −0.123% | $842K | $26.1M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.4671 | −0.181% | $168K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −7.468% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.4700 | −0.116% | $123K | $504K | 50x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.4761 | +0.021% | $2.6M | $4.7M | 50x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.4770 | +0.040% | $271.6M | $1.08B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.4726 | −0.058% | $230.9M | $426.7M | 75x | as long as short |
Reya NEARRUSDPERP
dYdX NEAR-USD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Aster NEARUSDT
Binance NEARUSDT
Bybit NEARUSDTShow all 45 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.4760 | +0.018% | $64.1M | $297.5M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.4750 | −0.004% | $267K | $12K | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.4789 | +0.083% | $39.9M | $62.2M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.4810 | +0.130% | $75.7M | $168.1M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.4810 | +0.130% | $53.2M | $43.8M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.4750 | −0.004% | $74.3M | $126.2M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.4780 | +0.063% | — | $76.7M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.4714 | −0.086% | $8.9M | $16.4M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.4825 | +0.163% | $265K | $871K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.4781 | +0.064% | $1.5M | $1.7M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.4820 | +0.152% | $167K | $822K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.4718 | −0.076% | $270K | $4.0M | 10x | as long as short |
| Orderly PERP_NEAR_USDClong | +0.0100% | 8h | 4.4752 | long leg | $58K | $269K | 20x | |
| SunX NEAR-USDT | +0.0100% | 8h | 4.4820 | +0.152% | $2K | $1.3M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.4775 | +0.051% | $5K | $34K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.4740 | −0.027% | $464K | $3.7M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.4790 | +0.085% | $3.3M | $8.0M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0102% | 8h | 4.4658 | −0.209% | $33K | $245 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.4765 | +0.029% | $3.7M | $15.0M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.4768 | +0.035% | $208K | $38K | 3x | as long as short |
| Hyperliquid NEAR | +0.0166% | 1h | 4.4799 | +0.105% | $360.9M | $314.9M | 10x | as long as short |
| 01 Exchange NEARUSD | +0.0200% | 1h | 4.4690 | −0.139% | $13K | $4K | 10x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.4700 | −0.116% | $12.9M | $32.4M | 75x | as long as short |
| Nado NEAR-PERP | +0.0224% | 1h | 4.4745 | −0.016% | $1.8M | $3.1M | 10x | as long as short |
| Lighter NEAR | +0.0232% | 1h | 4.4802 | +0.111% | $17.5M | $23.3M | 15x | as long as short |
| Lighter RH NEAR | +0.0280% | 1h | 4.4796 | +0.098% | $1.5M | $5.9M | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0341% / S −0.0226% | 1h | 4.4650 | −0.227% | $262K | — | 100x | as long as short |
| Arcus NEAR-USD | +0.0343% | 1h | 4.4720 | −0.072% | $226K | $1.4M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0489% | 1h | 4.4698 | −0.121% | $632K | $1.6M | 10x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0504% | 1h | 4.4721 | −0.069% | $2.3M | $17.5M | 50x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0600% | 1h | 4.4822 | +0.156% | $1.1M | $7.1M | 20x | as long as short |
| Phoenix NEAR | +0.0741% | 1h | 4.4913 | +0.360% | $1.7M | $2.7M | 10x | as long as short |
| Pacifica NEAR | +0.0851% | 1h | 4.4671 | −0.182% | $418K | $1.3M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0890% | 1h | 4.4795 | +0.096% | $1.9M | $13.0M | 25x | as long as short |
| Aftermath Perps NEARUSD | +0.1113% | 1h | 4.4789 | +0.084% | $6K | $6K | 10x | as long as short |
OKX NEAR-USDT-SWAP
Bulk NEAR-USD
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDT
Variational Omni NEAR
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
SunX NEAR-USDT
SoDEX NEAR-USD
HTX NEAR-USDT
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Extended NEAR-USD
Aevo NEAR-PERP
Hyperliquid NEAR
01 Exchange NEARUSD
BloFin NEAR-USDT
Nado NEAR-PERP
Lighter NEAR
Lighter RH NEAR
GMX NEAR/USD [ETH-USDC]
Arcus NEAR-USD
RISEx NEAR/USDC
Coinbase International NEAR-PERP-INTX
Backpack NEAR_USDC_PERP
Phoenix NEAR
Pacifica NEAR
Deribit NEAR_USDC-PERPETUAL
Aftermath Perps NEARUSD