NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 19:00 UTC+0.0209%/8hnext payment +$0.26 per $10,000 · paid last 24h +0.106%

Price spread now: Kraken Futures against Coinbase International−0.042%7-day average +0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$590.586% of the position

Long on Coinbase International Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.361%+$36 on $10k

Price spread, last 3 days (all we have)+0.061%+$6 · spread now −0.042%, 7d avg +0.052%

Together, before fees+0.422%+$42 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.094% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.042% now, against its 7-day average of +0.052%). If the spread goes back, that is −$9 on $10k: about 36 hours of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International NEAR-PERP-INTX	4.1481	0.0032	pay 0.0004% / 1h	22m 05s	$2.1M	$12.7M	50x
Short	Kraken Futures PF_NEARUSD	4.1463	0.0241	get 0.0030% / 1h	22m 05s	$7.4M	$34.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Coinbase International. 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 Coinbase InternationalbpFee Kraken FuturesbpOrdersPrice spread, now −0.042%Rate

Funding earned: $43.95
Price spread: −0.042% → +0.052%: −$9.41
Slippage, 4 orders: −$38.59
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$24.06
Costs to cover: 0.586%
Break-even: 10.8 days

Slippage from Coinbase International: live order book, 1 min ago; Kraken Futures: live order book, 1 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 Coinbase International live order book, 1 min ago	3.98 bp	18.1 bp −$18	25.2 bp −$252	559.3 bp −$55.9K	doesn't fit
Sell Kraken Futures live order book, 1 min ago	6.75 bp	18.2 bp −$18	21.7 bp −$217	58.7 bp −$5,872	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	4.1436	−0.109%	$2K	—	20x	as long as short
Extended NEAR-USD	−0.0032%	1h	4.1453	−0.067%	$3.5M	$14.1M	25x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.1595	+0.275%	$105K	$54K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.1514	+0.080%	$421K	$20.1M	2.2x	as long as short
Deribit NEAR_USDC-PERPETUAL	0.0000%	1h	4.1489	+0.019%	$1.8M	$2.0M	25x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.1510	+0.070%	$202K	—	150x	as long as short
Coinbase International NEAR-PERP-INTXlong	+0.0032%	1h	4.1481	long leg	$2.1M	$12.7M	50x
Popdex NEARUSDT	+0.0096%	1h	4.1520	+0.094%	$105K	$499K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.1495	+0.033%	$2.8M	$5.7M	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.1437	−0.107%	$237.0M	$1.11B	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit NEARUSDT	+0.0100%	8h	4.1400	−0.195%	$207.8M	$429.2M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.1390	−0.219%	$57.4M	$286.6M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.1540	+0.142%	$245K	$1.6M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.1537	+0.134%	$238K	$4K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.1416	−0.157%	$29.2M	$56.4M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.1400	−0.195%	$81.3M	$145.7M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.1460	−0.051%	$57.8M	$46.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.1394	−0.210%	$69.6M	$127.1M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.1380	−0.243%	—	$135.2M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.1325	−0.377%	$7.6M	$18.5M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.1249	−0.560%	$262K	$1.3M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.1280	−0.484%	$1.4M	$1.1M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.1250	−0.557%	$112K	$754K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.1551	+0.169%	$221K	$3.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.1472	−0.022%	$52K	$163K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.1500	+0.046%	$2K	$1.5M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.1435	−0.111%	$5K	$45K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.1430	−0.123%	$3.8M	$8.5M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.1590	+0.263%	$30K	$2K	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.1446	−0.085%	$200K	$66K	3x	as long as short
Injective NEAR/USDC PERP	+0.0120%	1h	4.1000	−1.160%	$572	$150K	12x	as long as short
01 Exchange NEARUSD	+0.0200%	1h	4.1560	+0.190%	$12K	$8K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.1420	−0.147%	$12.6M	$33.2M	75x	as long as short
Lighter RH NEAR	+0.0232%	1h	4.1476	−0.012%	$1.4M	$7.3M	10x	as long as short
Kraken Futures PF_NEARUSDshort	+0.0241%	1h	4.1463	−0.042%	$7.4M	$34.5M	50x
Nado NEAR-PERP	+0.0286%	1h	4.1440	−0.099%	$1.8M	$3.9M	10x	as long as short
Pacifica NEAR	+0.0319%	1h	4.1578	+0.233%	$440K	$1.1M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0372% / S −0.0314%	1h	4.1505	+0.058%	$273K	—	100x	as long as short
RISEx NEAR/USDC	+0.0378%	1h	4.1559	+0.187%	$397K	$1.3M	10x	as long as short
Phoenix NEAR	+0.0618%	1h	4.1391	−0.217%	$1.7M	$2.7M	10x	as long as short
Lighter NEAR	+0.0648%	1h	4.1475	−0.014%	$15.4M	$22.5M	15x	as long as short
Hyperliquid NEAR	+0.0835%	1h	4.1476	−0.012%	$350.2M	$305.5M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0955%	1h	4.1459	−0.053%	$1.4M	$4.7M	20x	as long as short
Aftermath Perps NEARUSD	+0.1095%	1h	4.1364	−0.283%	$5K	$11K	10x	as long as short
HTX NEAR-USDT	+0.1245%	8h	4.1690	+0.504%	$454K	$4.1M	75x	as long as short