Funding you earn now, next payment 05:00 UTC−0.0101%/8h= −11.1% APRnext payment −$0.13 per $10,000 · paid last 24h +0.023%
Price spread now: Kraken Futures against Deribit+0.031%59s7-day average −0.036% · you sell dearer than you buy
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$450.449% of the position
Funding, last 7 days−0.186%−$19 on $10k
+Price spread, last 4 days (all we have)−0.064%−$6 · spread now +0.031%, 7d avg −0.036%
=The price spread pays, funding is against you. Kraken Futures is 0.067% dearer against Deribit than usual: you sell high and buy low (spread +0.031% now, against its 7-day average of −0.036%): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.2 days. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit NEAR_USDC-PERPETUAL | 4.3343 | 0.0812 | pay 0.0102% / 1h | 14m 27s | $1.9M | $9.6M | 25x |
| Short | Kraken Futures PF_NEARUSD | 4.3356 | 0.0711 | get 0.0089% / 1h | 14m 27s | $7.6M | $39.0M | 50x |
Deribit NEAR_USDC-PERPETUAL
Kraken Futures PF_NEARUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Deribit. 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
- −$21.25
- Price spread: +0.031% → −0.036%
- $6.67
- Slippage, 4 orders
- −$27.88
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$59.46
- Costs to cover
- 0.449%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 5 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 Deribit live order book, 5 min ago | 4.72 bp | 8.2 bp −$8 | 16.2 bp −$162 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 5 min ago | 7.49 bp | 13.3 bp −$13 | 20.6 bp −$206 | 47.3 bp −$4,733 | 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 | 4.3308 | −0.080% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3311 | −0.073% | $107K | $68K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.3297 | −0.105% | $162K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −4.460% | $578 | $301K | 12x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0056% | 1h | 4.3493 | +0.346% | $2.3M | $15.9M | 50x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3320 | −0.053% | $110K | $502K | 50x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.3350 | +0.016% | $265.0M | $1.09B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3297 | −0.106% | $214.2M | $425.7M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3310 | −0.076% | $61.3M | $288.3M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3250 | −0.214% | $246K | −$0 | 10x | as long as short |
Reya NEARRUSDPERP
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Coinbase International NEAR-PERP-INTX
Popdex NEARUSDT
Binance NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Bulk NEAR-USDShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate NEAR_USDT | +0.0100% | 8h | 4.3305 | −0.088% | $32.1M | $61.9M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.3350 | +0.016% | $73.5M | $146.3M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3350 | +0.016% | $53.7M | $45.8M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3318 | −0.058% | $71.4M | $127.5M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.3320 | −0.053% | — | $6.7M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.3447 | +0.241% | $8.2M | $18.0M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3528 | +0.426% | $254K | $951K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3530 | +0.433% | $1.4M | $1.5M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3500 | +0.362% | $167K | $796K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3343 | 0.000% | $273K | $3.9M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.3339 | −0.009% | $57K | $246K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3500 | +0.362% | $2K | $1.4M | 20x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.3460 | +0.270% | $469K | $3.9M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3390 | +0.108% | $3.7M | $8.3M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.3300 | −0.098% | $31K | $608 | 10x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.3350 | +0.016% | $202K | $37K | 3x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.3410 | +0.155% | $13.5M | $32.1M | 75x | as long as short |
| Pacifica NEAR | +0.0263% | 1h | 4.3341 | −0.004% | $401K | $1.3M | 10x | as long as short |
| Kalshi KXNEARPERP | +0.0273% | 8h | 4.3465 | +0.281% | $874K | $23.5M | 2.2x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0323% / S −0.0198% | 1h | 4.3289 | −0.124% | $234K | — | 100x | as long as short |
| Aster NEARUSDT | +0.0335% | 8h | 4.3330 | −0.030% | $2.8M | $5.5M | 50x | as long as short |
| SoDEX NEAR-USD | +0.0356% | 1h | 4.3344 | +0.002% | $6K | $53K | 10x | as long as short |
| 01 Exchange NEARUSD | +0.0520% | 1h | 4.3345 | +0.005% | $13K | $7K | 10x | as long as short |
| Nado NEAR-PERP | +0.0564% | 1h | 4.3322 | −0.049% | $1.8M | $3.1M | 10x | as long as short |
| Hyperliquid NEAR | +0.0576% | 1h | 4.3365 | +0.051% | $355.1M | $314.3M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0597% | 1h | 4.3369 | +0.060% | $1.3M | $6.8M | 20x | as long as short |
| Extended NEAR-USD | +0.0600% | 1h | 4.3307 | −0.084% | $3.8M | $19.9M | 25x | as long as short |
| Arcus NEAR-USD | +0.0627% | 1h | 4.3360 | +0.039% | $213K | $1.6M | 10x | as long as short |
| Kraken Futures PF_NEARUSDshort | +0.0711% | 1h | 4.3356 | +0.031% | $7.6M | $39.0M | 50x | |
| Deribit NEAR_USDC-PERPETUALlong | +0.0812% | 1h | 4.3343 | long leg | $1.9M | $9.6M | 25x | |
| Lighter RH NEAR | +0.0920% | 1h | 4.3384 | +0.095% | $1.5M | $7.4M | 10x | as long as short |
| Phoenix NEAR | +0.0941% | 1h | 4.3602 | +0.598% | $1.8M | $2.8M | 10x | as long as short |
| Lighter NEAR | +0.1056% | 1h | 4.3390 | +0.108% | $17.5M | $25.1M | 15x | as long as short |
| RISEx NEAR/USDC | +0.1162% | 1h | 4.3351 | +0.018% | $681K | $1.3M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1581% | 1h | 4.3409 | +0.153% | $5K | $13K | 10x | as long as short |
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDC
Variational Omni NEAR
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
HTX NEAR-USDT
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Aevo NEAR-PERP
BloFin NEAR-USDT
Pacifica NEAR
Kalshi KXNEARPERP
GMX NEAR/USD [ETH-USDC]
Aster NEARUSDT
SoDEX NEAR-USD
01 Exchange NEARUSD
Nado NEAR-PERP
Hyperliquid NEAR
Backpack NEAR_USDC_PERP
Extended NEAR-USD
Arcus NEAR-USD
Lighter RH NEAR
Phoenix NEAR
Lighter NEAR
RISEx NEAR/USDC
Aftermath Perps NEARUSD