NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0612%/8h= +67.0% APRnext payment +$0.76 per $10,000 · paid last 24h +0.096%

Price spread now: Kraken Futures against Polymarket Perps+0.371%7-day average +0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$8as in the Price arb table

costs, in and out, $10k−$430.432% of the position

Long on Polymarket Perps Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.191%+$19 on $10k

Price spread, last 4 days (all we have)0.000%$0 · spread now +0.371%, 7d avg +0.021%

Together, before fees+0.191%+$19 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Kraken Futures is 0.350% dearer against Polymarket Perps than usual: you sell high and buy low: +$35 more if the spread goes back to its 7-day average of +0.021%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.191% in total (about 10.0% 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	Polymarket Perps NEAR-USD	4.3154	0.0100	pay 0.0013% / 1h	40m 57s	$271K	$3.9M	10x
Short	Kraken Futures PF_NEARUSD	4.3314	0.0712	get 0.0089% / 1h	40m 57s	$7.6M	$39.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Polymarket Perps. 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 Polymarket PerpsbpFee Kraken FuturesbpOrdersPrice spread, now +0.371%Rate

Funding earned: $128.42
Price spread: +0.371% → +0.021%: $35.04
Slippage, 4 orders: −$25.2
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $120.27
Costs to cover: 0.432%
Break-even: 0.4 days

Slippage from Polymarket Perps: live order book, 3 min ago; Kraken Futures: live order book, 3 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 Polymarket Perps live order book, 3 min ago	2.42 bp	7.3 bp −$7	9.7 bp −$97	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 3 min ago	8.90 bp	13.9 bp −$14	16.1 bp −$161	48.0 bp −$4,799	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	4.3170	+0.038%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3091	−0.146%	$106K	$69K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3166	+0.029%	$162K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.041%	$578	$301K	12x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0056%	1h	4.3316	+0.375%	$2.3M	$15.9M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3150	−0.009%	$107K	$501K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3320	+0.385%	$265.7M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3273	+0.276%	$215.3M	$428.7M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3270	+0.269%	$61.4M	$291.9M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3400	+0.570%	$247K	−$0	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NEAR_USDT	+0.0100%	8h	4.3262	+0.250%	$31.9M	$61.0M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3290	+0.315%	$73.2M	$144.7M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3300	+0.338%	$53.8M	$46.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3280	+0.292%	$71.2M	$128.9M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3280	+0.292%	—	$6.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3167	+0.031%	$8.3M	$17.9M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3357	+0.470%	$254K	$947K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3214	+0.140%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3400	+0.570%	$167K	$799K	50x	as long as short
Polymarket Perps NEAR-USDlong	+0.0100%	1h	4.3154	long leg	$271K	$3.9M	10x
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3231	+0.178%	$57K	$246K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3280	+0.292%	$1K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3360	+0.477%	$470K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3300	+0.338%	$3.7M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3084	−0.162%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3244	+0.208%	$201K	$37K	3x	as long as short
Kalshi KXNEARPERP	+0.0145%	8h	4.3047	−0.248%	$724K	$23.5M	2.2x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3280	+0.292%	$13.7M	$32.1M	75x	as long as short
Pacifica NEAR	+0.0263%	1h	4.3117	−0.086%	$409K	$1.2M	10x	as long as short
Aster NEARUSDT	+0.0312%	8h	4.3278	+0.286%	$2.9M	$5.6M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0320% / S −0.0194%	1h	4.3172	+0.042%	$231K	—	100x	as long as short
SoDEX NEAR-USD	+0.0406%	1h	4.3272	+0.273%	$8K	$49K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0493%	1h	4.3315	+0.373%	$1.4M	$6.6M	20x	as long as short
01 Exchange NEARUSD	+0.0520%	1h	4.3174	+0.046%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0610%	1h	4.3291	+0.317%	$355.2M	$321.2M	10x	as long as short
Arcus NEAR-USD	+0.0627%	1h	4.3160	+0.014%	$211K	$1.6M	10x	as long as short
Nado NEAR-PERP	+0.0671%	1h	4.3147	−0.017%	$1.8M	$3.1M	10x	as long as short
Extended NEAR-USD	+0.0680%	1h	4.3243	+0.205%	$3.8M	$19.8M	25x	as long as short
Kraken Futures PF_NEARUSDshort	+0.0712%	1h	4.3314	+0.371%	$7.6M	$39.3M	50x
Lighter RH NEAR	+0.0872%	1h	4.3366	+0.491%	$1.5M	$7.4M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0908%	1h	4.3235	+0.188%	$1.9M	$8.9M	25x	as long as short
Phoenix NEAR	+0.0941%	1h	4.3302	+0.343%	$1.8M	$2.8M	10x	as long as short
Lighter NEAR	+0.1152%	1h	4.3366	+0.492%	$17.5M	$24.9M	15x	as long as short
RISEx NEAR/USDC	+0.1162%	1h	4.3155	+0.002%	$654K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1576%	1h	4.3318	+0.380%	$5K	$12K	10x	as long as short