NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0231%/8h= +25.3% APRnext payment +$0.29 per $10,000 · paid last 24h −0.077%

Price spread now: ApeX Omni against Kraken Futures+0.088%7-day average +0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$610.606% of the position

Long on Kraken Futures Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.146%−$15 on $10k

Price spread, last 3 days (all we have)+0.120%+$12 · spread now +0.088%, 7d avg +0.041%

Together, before fees−0.025%−$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and ApeX Omni is 0.048% dearer against Kraken Futures than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.041%. Mind the row above: over the last 7 days funding on this pair cost −0.146%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.146% in total (about -7.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.29 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	Kraken Futures PF_NEARUSD	4.2862	−0.0131	get 0.0016% / 1h	45m 05s	$7.5M	$37.0M	50x
Short	ApeX Omni NEARUSDT	4.2900	0.0100	get 0.0013% / 1h	45m 05s	$179K	$791K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Kraken Futures. 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 Kraken FuturesbpFee ApeX OmnibpOrdersPrice spread, now +0.088%Rate

Funding earned: $48.56
Price spread: +0.088% → +0.041%: $4.75
Slippage, 4 orders: −$40.62
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$7.3
Costs to cover: 0.606%
Break-even: 8.1 days

Slippage from Kraken Futures: live order book, 4 min ago; ApeX Omni: live order book, 29 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 Kraken Futures live order book, 4 min ago	8.71 bp	14.1 bp −$14	17.3 bp −$173	49.5 bp −$4,949	5342.1 bp −$2.67M
Sell ApeX Omni live order book, 29 min ago	7.03 bp	17.5 bp −$18	94.7 bp −$947	doesn't fit	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	4.2843	−0.045%	$2K	—	20x	as long as short
Bybit NEARUSDT	−0.0147%	8h	4.2792	−0.164%	$218.4M	$418.7M	75x	as long as short
Kraken Futures PF_NEARUSDlong	−0.0131%	1h	4.2862	long leg	$7.5M	$37.0M	50x
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.2909	+0.109%	$2.2M	$13.0M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2866	+0.009%	$111K	$64K	10x	as long as short
01 Exchange NEARUSD	0.0000%	1h	4.2896	+0.079%	$13K	$7K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2846	−0.038%	$376K	$18.4M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2846	−0.037%	$203K	—	150x	as long as short
Variational Omni NEAR	+0.0008%	8h	4.2958	+0.224%	$8.0M	$18.7M	—	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.388%	$578	$302K	12x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NEAR_USDT	+0.0056%	8h	4.2816	−0.108%	$30.8M	$58.7M	75x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2900	+0.088%	$112K	$478K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.2841	−0.050%	$57K	$193K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0099%	8h	4.2869	+0.015%	$31K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2895	+0.076%	$3.0M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.2893	+0.073%	$402K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2846	−0.038%	$254.6M	$1.07B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2810	−0.122%	$60.9M	$278.5M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2910	+0.111%	$197K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3050	+0.438%	$245K	−$0	10x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2830	−0.075%	$79.4M	$138.8M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2840	−0.052%	$56.1M	$43.1M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2823	−0.092%	$71.1M	$124.8M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.2810	−0.122%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3101	+0.557%	$277K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3108	+0.573%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDTshort	+0.0100%	1h	4.2900	+0.088%	$179K	$791K	50x
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2892	+0.069%	$193K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2880	+0.041%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2830	−0.075%	$5K	$53K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.2970	+0.251%	$457K	$3.6M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2830	−0.075%	$3.8M	$8.6M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2801	−0.142%	$3.9M	$16.9M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2825	−0.087%	$199K	$28K	3x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0217%	1h	4.2860	−0.005%	$1.9M	$3.0M	25x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2820	−0.099%	$13.1M	$28.9M	75x	as long as short
Hyperliquid NEAR	+0.0250%	1h	4.2888	+0.060%	$365.2M	$300.5M	10x	as long as short
Lighter RH NEAR	+0.0296%	1h	4.2908	+0.107%	$1.6M	$6.9M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0376% / S −0.0314%	1h	4.2851	−0.025%	$275K	—	100x	as long as short
RISEx NEAR/USDC	+0.0428%	1h	4.2914	+0.121%	$408K	$1.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0460%	1h	4.2879	+0.039%	$1.4M	$5.6M	20x	as long as short
Nado NEAR-PERP	+0.0466%	1h	4.2873	+0.026%	$1.9M	$3.3M	10x	as long as short
Phoenix NEAR	+0.0499%	1h	4.3171	+0.720%	$1.8M	$2.7M	10x	as long as short
Aftermath Perps NEARUSD	+0.1278%	1h	4.2969	+0.250%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.2176%	1h	4.2980	+0.274%	$17.2M	$23.9M	15x	as long as short