Settings8H · net · $10k
Funding arb · Price arb /

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0488%/8h= +53.5% APRpaid last 24h +0.107%
Price spread now: Kraken Futures against Variational Omni+0.371%7-day average +0.041% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.209%+$21 on $10k
Price spread, last 4 days (all we have)−0.775%−$78 · spread now +0.371%, 7d avg +0.041%
Together, before fees−0.566%+ Points / potential airdropVariational Omni: Active · farm board−$57 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Kraken Futures is 0.331% dearer against Variational Omni than usual: you sell high and buy low: +$33 more if the spread goes back to its 7-day average of +0.041%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni NEAR4.39770.0100pay 0.0100% / 8h4h 35m$8.5M$18.2M
ShortKraken Futures PF_NEARUSD4.41410.0588get 0.0074% / 1h35m 26s$8.1M$39.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against Variational Omni. 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

Funding earned
$102.56
Price spread: +0.371% → +0.041%
$33.07
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$125.63
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Kraken Futures: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni RFQ quote, 4 min ago3.84 bpdoesn't fit13.4 bp −$13440.5 bp −$4,055doesn't fit
Sell Kraken Futures live order book, 4 min ago11.65 bp17.4 bp −$1720.7 bp −$20757.4 bp −$5,736doesn't fit

NEAR on 45 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya NEARRUSDPERP−0.0171%1h4.4098+0.274%$2K20xas long as short
Coinbase International NEAR-PERP-INTX−0.0008%1h4.4138+0.365%$2.2M$15.3M50xas long as short
dYdX NEAR-USD0.0000%1h4.4052+0.169%$109K$70K10xas long as short
Kalshi KXNEARPERP0.0000%8h4.4100+0.279%$606K$22.0M2.2xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.4119+0.323%$165K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−5.838%$578$302K12xas long as short
Popdex NEARUSDT+0.0096%1h4.4120+0.324%$117K$514K50xas long as short
Pacifica NEAR+0.0100%1h4.4064+0.197%$421K$1.2M10xas long as short
Binance NEARUSDT+0.0100%8h4.4166+0.429%$270.1M$1.10B75xas long as short
Bybit NEARUSDT+0.0100%8h4.4124+0.334%$221.9M$424.2M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX NEAR-USDT-SWAP+0.0100%8h4.4110+0.302%$62.6M$299.6M50xas long as short
Bulk NEAR-USD+0.0100%1h4.4550+1.302%$254K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.4130+0.347%$32.0M$63.4M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.4140+0.370%$74.9M$148.6M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.4150+0.393%$54.9M$46.0M75xas long as short
Bitget NEARUSDT+0.0100%8h4.4110+0.302%$72.5M$130.2M75xas long as short
BingX NEAR-USDC+0.0100%8h4.4130+0.347%$6.6Mas long as short
Variational Omni NEARlong+0.0100%8h4.3977long leg$8.5M$18.2M
edgeX NEARUSDC+0.0100%4h4.4041+0.145%$264K$978K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.4010+0.074%$1.5M$1.4M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.4010+0.074%$169K$791K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.4122+0.329%$235K$3.9M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.4141+0.372%$56K$217K20xas long as short
SunX NEAR-USDT+0.0100%8h4.4250+0.620%$2K$1.4M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.4125+0.336%$8K$53K10xas long as short
HTX NEAR-USDT+0.0100%8h4.4180+0.461%$457K$4.0M75xas long as short
Phemex NEARUSDT+0.0100%8h4.4090+0.256%$3.8M$8.4M50xas long as short
Paradex NEAR-USD-PERP+0.0101%8h4.4027+0.113%$32K$60810xas long as short
Aevo NEAR-PERP+0.0104%1h4.4145+0.381%$205K$40K3xas long as short
Hyperliquid NEAR+0.0161%1h4.4166+0.429%$364.2M$324.9M10xas long as short
Backpack NEAR_USDC_PERP+0.0202%1h4.4106+0.293%$1.3M$6.6M20xas long as short
Extended NEAR-USD+0.0216%1h4.4099+0.277%$4.0M$19.6M25xas long as short
BloFin NEAR-USDT+0.0220%8h4.4000+0.052%$13.8M$32.7M75xas long as short
01 Exchange NEARUSD+0.0240%1h4.4156+0.406%$13K$7K10xas long as short
Aster NEARUSDT+0.0287%8h4.4117+0.318%$3.0M$5.6M50xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0330% / S −0.0206%1h4.4125+0.336%$240K100xas long as short
Lighter RH NEAR+0.0456%1h4.4081+0.236%$1.5M$7.2M10xas long as short
Nado NEAR-PERP+0.0552%1h4.4078+0.230%$1.9M$3.1M10xas long as short
Arcus NEAR-USD+0.0581%1h4.4180+0.461%$222K$1.8M10xas long as short
Kraken Futures PF_NEARUSDshort+0.0588%1h4.4141+0.371%$8.1M$39.9M50x
Deribit NEAR_USDC-PERPETUAL+0.0792%1h4.4176+0.452%$1.9M$6.8M25xas long as short
Phoenix NEAR+0.0794%1h4.4338+0.820%$1.8M$2.8M10xas long as short
Lighter NEAR+0.0888%1h4.4112+0.305%$17.8M$26.3M15xas long as short
RISEx NEAR/USDC+0.0926%1h4.4171+0.440%$562K$1.4M10xas long as short
Aftermath Perps NEARUSD+0.1540%1h4.4262+0.648%$5K$12K10xas long as short