NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0621%/8h= −68.0% APRnext payment −$0.78 per $10,000 · paid last 24h +0.050%

Price spread now: Kraken Futures against Arcus−0.084%7-day average −0.040% · 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−$47as in the Price arb table

costs, in and out, $10k−$420.424% of the position

Long on Arcus Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.129%−$13 on $10k

Price spread, last 4 days (all we have)+0.183%+$18 · spread now −0.084%, 7d avg −0.040%

Together, before fees+0.053%+$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and Kraken Futures is 0.043% cheaper against Arcus than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.040%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.129% in total (about -12.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.78 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	Arcus NEAR-USD	4.3700	0.0638	pay 0.0080% / 1h	9m 41s	$229K	$1.5M	10x
Short	Kraken Futures PF_NEARUSD	4.3663	0.0017	get 0.0002% / 1h	9m 41s	$7.1M	$38.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Arcus. 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 ArcusbpFee Kraken FuturesbpOrdersPrice spread, now −0.084%Rate

Funding earned: −$130.45
Price spread: −0.084% → −0.040%: −$4.35
Slippage, 4 orders: −$27.94
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$177.23
Costs to cover: 0.424%
Break-even: never at this rate

Slippage from Arcus: live order book, 4 min ago; Kraken Futures: live order book, 4 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 Arcus live order book, 4 min ago	3.43 bp	6.8 bp −$7	10.8 bp −$108	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 4 min ago	9.97 bp	15.0 bp −$15	19.4 bp −$194	48.5 bp −$4,853	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	4.3639	−0.139%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3676	−0.055%	$107K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3660	−0.092%	$163K	—	150x	as long as short
Kraken Futures PF_NEARUSDshort	+0.0017%	1h	4.3663	−0.084%	$7.1M	$38.2M	50x
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.240%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3610	−0.206%	$113K	$498K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3670	−0.069%	$220.5M	$428.5M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3680	−0.046%	$61.3M	$295.8M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3601	−0.228%	$248K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3668	−0.073%	$35.8M	$63.0M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NEARUSDTM	+0.0100%	8h	4.3710	+0.023%	$53.0M	$46.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3675	−0.057%	$72.2M	$127.8M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3490	−0.482%	$8.9M	$18.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3647	−0.122%	$253K	$902K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3469	−0.530%	$1.4M	$1.6M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3540	−0.366%	$166K	$816K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3646	−0.124%	$278K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3682	−0.041%	$58K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3680	−0.046%	$1K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3680	−0.046%	$5K	$50K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3680	−0.046%	$3.6M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3685	−0.034%	$32K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3665	−0.081%	$3.6M	$16.6M	25x	as long as short
Aevo NEAR-PERP	+0.0120%	1h	4.3695	−0.011%	$203K	$38K	3x	as long as short
Aster NEARUSDT	+0.0122%	8h	4.3708	+0.017%	$2.7M	$4.8M	50x	as long as short
Hyperliquid NEAR	+0.0136%	1h	4.3709	+0.021%	$352.3M	$314.8M	10x	as long as short
HTX NEAR-USDT	+0.0154%	8h	4.3690	−0.023%	$465K	$3.8M	75x	as long as short
Binance NEARUSDT	+0.0155%	8h	4.3708	+0.017%	$264.7M	$1.09B	75x	as long as short
MEXC NEAR_USDT	+0.0156%	8h	4.3670	−0.069%	$87.9M	$153.7M	200x	as long as short
BingX NEAR-USDT	+0.0165%	8h	4.3680	−0.046%	—	$144.5M	—	as long as short
Kalshi KXNEARPERP	+0.0173%	8h	4.3586	−0.261%	$974K	$25.1M	2.2x	as long as short
01 Exchange NEARUSD	+0.0232%	1h	4.3701	+0.002%	$13K	$7K	10x	as long as short
BloFin NEAR-USDT	+0.0279%	8h	4.3500	−0.458%	$13.3M	$32.1M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0340% / S −0.0239%	1h	4.3660	−0.091%	$253K	—	100x	as long as short
Nado NEAR-PERP	+0.0377%	1h	4.3665	−0.080%	$1.7M	$3.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0460%	1h	4.3703	+0.007%	$1.0M	$7.1M	20x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.3692	−0.018%	$2.3M	$17.0M	50x	as long as short
Lighter RH NEAR	+0.0488%	1h	4.3747	+0.108%	$1.5M	$6.7M	10x	as long as short
Lighter NEAR	+0.0552%	1h	4.3761	+0.139%	$17.2M	$25.4M	15x	as long as short
Arcus NEAR-USDlong	+0.0638%	1h	4.3700	long leg	$229K	$1.5M	10x
Deribit NEAR_USDC-PERPETUAL	+0.0826%	1h	4.3712	+0.027%	$1.9M	$13.1M	25x	as long as short
Pacifica NEAR	+0.0949%	1h	4.3698	−0.004%	$412K	$1.4M	10x	as long as short
Phoenix NEAR	+0.0949%	1h	4.3782	+0.188%	$1.8M	$2.4M	10x	as long as short
RISEx NEAR/USDC	+0.0965%	1h	4.3696	−0.008%	$607K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1114%	1h	4.3570	−0.298%	$5K	$7K	10x	as long as short