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: Kraken Futures against Popdex−0.055%7-day average +0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$460.457% of the position
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%
=Funding pays, the price is against you. Kraken Futures is 0.078% cheaper against Popdex than usual: you would sell low and buy high (spread −0.055% now, against its 7-day average of +0.024%). If the spread goes back, that is −$8 on $10k: about 10 hours of funding at the current rate (+$18 a day). 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 | Popdex NEARUSDT | 4.3610 | 0.0096 | pay 0.0012% / 1h | 48m 51s | $114K | $483K | 50x |
| Short | Kraken Futures PF_NEARUSD | 4.3586 | 0.0707 | get 0.0088% / 1h | 48m 51s | $8.1M | $41.0M | 50x |
Popdex NEARUSDT
Kraken Futures PF_NEARUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Popdex. 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
- $128.28
- Price spread: −0.055% → +0.024%
- −$7.83
- Slippage, 4 orders
- −$29.31
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $74.73
- Costs to cover
- 0.457%
- Break-even
- 2.9 days
Slippage from Popdex: live order book, 15 min ago; Kraken Futures: live order book, 5 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 Popdex live order book, 15 min ago | 2.29 bp | 8.3 bp −$8 | 70.0 bp −$700 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 5 min ago | 6.97 bp | 16.0 bp −$16 | 17.7 bp −$177 | 45.2 bp −$4,518 | 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 | −0.165% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0016% | 1h | 4.3541 | −0.158% | $2.2M | $14.1M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3622 | +0.028% | $108K | $70K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.3580 | −0.069% | $548K | $19.3M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.3546 | −0.148% | $197K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −5.045% | $578 | $302K | 12x | as long as short |
| Popdex NEARUSDTlong | +0.0096% | 1h | 4.3610 | long leg | $114K | $483K | 50x | |
| Pacifica NEAR | +0.0100% | 1h | 4.3683 | +0.168% | $412K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.3672 | +0.142% | $265.1M | $1.07B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3659 | +0.112% | $220.7M | $416.6M | 75x | as long as short |
Reya NEARRUSDPERP
Coinbase International NEAR-PERP-INTX
dYdX NEAR-USD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Pacifica NEAR
Binance NEARUSDT
Bybit NEARUSDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3640 | +0.069% | $62.3M | $288.4M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3657 | +0.108% | $249K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3666 | +0.128% | $31.4M | $61.8M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.3640 | +0.069% | $75.2M | $139.9M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3750 | +0.321% | $54.6M | $44.0M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3662 | +0.119% | $71.7M | $126.1M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.3670 | +0.138% | — | $144.2M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.3926 | +0.726% | $8.5M | $18.2M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3800 | +0.437% | $268K | $994K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3910 | +0.688% | $1.5M | $1.4M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3790 | +0.413% | $195K | $778K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3606 | −0.009% | $205K | $3.6M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.3559 | −0.117% | $60K | $190K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3710 | +0.229% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.3565 | −0.103% | $5K | $50K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.3640 | +0.069% | $456K | $3.8M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3610 | 0.000% | $3.8M | $8.1M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.3644 | +0.077% | $32K | $608 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.3643 | +0.076% | $3.8M | $18.5M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.3575 | −0.080% | $203K | $34K | 3x | as long as short |
| Aster NEARUSDT | +0.0198% | 8h | 4.3676 | +0.151% | $3.0M | $5.5M | 50x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0232% | 1h | 4.3575 | −0.080% | $1.9M | $4.3M | 25x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0348% / S −0.0244% | 1h | 4.3550 | −0.137% | $255K | — | 100x | as long as short |
| 01 Exchange NEARUSD | +0.0400% | 1h | 4.3689 | +0.181% | $13K | $7K | 10x | as long as short |
| Arcus NEAR-USD | +0.0410% | 1h | 4.3700 | +0.206% | $208K | $1.7M | 10x | as long as short |
| Nado NEAR-PERP | +0.0423% | 1h | 4.3539 | −0.162% | $1.9M | $3.0M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0658% | 1h | 4.3688 | +0.179% | $1.4M | $6.4M | 20x | as long as short |
| Kraken Futures PF_NEARUSDshort | +0.0707% | 1h | 4.3586 | −0.055% | $8.1M | $41.0M | 50x | |
| Lighter RH NEAR | +0.0752% | 1h | 4.3663 | +0.122% | $1.6M | $6.9M | 10x | as long as short |
| Hyperliquid NEAR | +0.0779% | 1h | 4.3759 | +0.342% | $368.5M | $304.6M | 10x | as long as short |
| Phoenix NEAR | +0.0855% | 1h | 4.3944 | +0.766% | $1.8M | $2.7M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0924% | 1h | 4.3677 | +0.154% | $551K | $1.3M | 10x | as long as short |
| Lighter NEAR | +0.1040% | 1h | 4.3658 | +0.111% | $17.4M | $25.6M | 15x | as long as short |
| Aftermath Perps NEARUSD | +0.1703% | 1h | 4.3758 | +0.340% | $6K | $12K | 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
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
SoDEX NEAR-USD
HTX NEAR-USDT
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Extended NEAR-USD
Aevo NEAR-PERP
Aster NEARUSDT
Deribit NEAR_USDC-PERPETUAL
GMX NEAR/USD [ETH-USDC]
01 Exchange NEARUSD
Arcus NEAR-USD
Nado NEAR-PERP
Backpack NEAR_USDC_PERP
Lighter RH NEAR
Hyperliquid NEAR
Phoenix NEAR
RISEx NEAR/USDC
Lighter NEAR
Aftermath Perps NEARUSD