Funding you earn now, next payment 11:00 UTC+0.0580%/8h= +63.5% APRnext payment +$0.72 per $10,000 · paid last 24h −0.043%
Price spread now: Arcus against Kraken Futures+0.196%7-day average +0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$390.386% of the position
Funding, last 4 days (all we have)+0.147%+$15 on $10k
+Price spread, last 4 days (all we have)−0.543%−$54 · spread now +0.196%, 7d avg +0.042%
=Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Arcus is 0.154% dearer against Kraken Futures than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.042%.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.147% in total (about 13.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.72 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_NEARUSD | 4.4672 | −0.0237 | get 0.0030% / 1h | 45m 10s | $7.4M | $36.9M | 50x |
| Short | Arcus NEAR-USD | 4.4760 | 0.0343 | get 0.0043% / 1h | 45m 10s | $226K | $1.4M | 10x |
Kraken Futures PF_NEARUSD
Arcus NEAR-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $121.72
- Price spread: +0.196% → +0.042%
- $15.41
- Slippage, 4 orders
- −$24.05
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- $98.58
- Costs to cover
- 0.386%
- Break-even
- 1.3 days
Slippage from Kraken Futures: live order book, 2 min ago; Arcus: live order book, 2 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, 2 min ago | 4.92 bp | 11.4 bp −$11 | 15.3 bp −$153 | 40.6 bp −$4,056 | 6147.8 bp −$3.07M |
| Sell Arcus live order book, 2 min ago | 3.35 bp | 6.7 bp −$7 | 9.9 bp −$99 | doesn't fit | doesn't fit |
NEAR on 45 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_NEARUSDlong | −0.0237% | 1h | 4.4672 | long leg | $7.4M | $36.9M | 50x | |
| Reya NEARRUSDPERP | −0.0171% | 1h | 4.4684 | +0.026% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.4725 | +0.117% | $110K | $53K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.4712 | +0.089% | $841K | $26.1M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.4671 | −0.003% | $168K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −7.303% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.4750 | +0.174% | $123K | $504K | 50x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.4710 | +0.084% | $2.6M | $4.7M | 50x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.4710 | +0.085% | $271.2M | $1.08B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.4689 | +0.037% | $230.8M | $427.0M | 75x | as long as short |
Reya NEARRUSDPERP
dYdX NEAR-USD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Aster NEARUSDT
Binance NEARUSDT
Bybit NEARUSDTShow all 45 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.4680 | +0.017% | $63.9M | $297.0M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.4750 | +0.174% | $267K | $12K | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.4681 | +0.019% | $39.7M | $62.1M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.4700 | +0.062% | $76.2M | $168.0M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.4700 | +0.062% | $53.1M | $43.8M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.4660 | −0.028% | $74.1M | $126.2M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.4660 | −0.028% | — | $6.7M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.4714 | +0.092% | $8.9M | $16.4M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.4825 | +0.341% | $265K | $871K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.4781 | +0.242% | $1.5M | $1.7M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.4820 | +0.330% | $167K | $822K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.4723 | +0.113% | $274K | $4.0M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.4676 | +0.008% | $58K | $269K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.4730 | +0.129% | $2K | $1.3M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.4695 | +0.050% | $5K | $34K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.4750 | +0.174% | $464K | $3.7M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.4700 | +0.062% | $3.3M | $8.0M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0102% | 8h | 4.4739 | +0.148% | $33K | $245 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.4645 | −0.061% | $3.7M | $15.0M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.4655 | −0.040% | $208K | $38K | 3x | as long as short |
| Hyperliquid NEAR | +0.0171% | 1h | 4.4725 | +0.118% | $360.3M | $314.8M | 10x | as long as short |
| 01 Exchange NEARUSD | +0.0208% | 1h | 4.4746 | +0.165% | $13K | $4K | 10x | as long as short |
| Nado NEAR-PERP | +0.0219% | 1h | 4.4704 | +0.072% | $1.8M | $3.1M | 10x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.4700 | +0.062% | $12.9M | $32.4M | 75x | as long as short |
| Lighter NEAR | +0.0232% | 1h | 4.4739 | +0.149% | $17.5M | $23.3M | 15x | as long as short |
| Lighter RH NEAR | +0.0336% | 1h | 4.4742 | +0.156% | $1.5M | $5.9M | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0341% / S −0.0226% | 1h | 4.4650 | −0.050% | $262K | — | 100x | as long as short |
| Arcus NEAR-USDshort | +0.0343% | 1h | 4.4760 | +0.196% | $226K | $1.4M | 10x | |
| RISEx NEAR/USDC | +0.0489% | 1h | 4.4751 | +0.176% | $633K | $1.6M | 10x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0504% | 1h | 4.4797 | +0.279% | $2.3M | $17.5M | 50x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0619% | 1h | 4.4742 | +0.156% | $1.1M | $7.1M | 20x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0691% | 1h | 4.4694 | +0.048% | $1.9M | $13.0M | 25x | as long as short |
| Phoenix NEAR | +0.0741% | 1h | 4.4913 | +0.538% | $1.7M | $2.7M | 10x | as long as short |
| Pacifica NEAR | +0.0851% | 1h | 4.4751 | +0.175% | $419K | $1.3M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1125% | 1h | 4.4817 | +0.323% | $6K | $6K | 10x | as long as short |
OKX NEAR-USDT-SWAP
Bulk NEAR-USD
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
SoDEX NEAR-USD
HTX NEAR-USDT
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Extended NEAR-USD
Aevo NEAR-PERP
Hyperliquid NEAR
01 Exchange NEARUSD
Nado NEAR-PERP
BloFin NEAR-USDT
Lighter NEAR
Lighter RH NEAR
GMX NEAR/USD [ETH-USDC]
RISEx NEAR/USDC
Coinbase International NEAR-PERP-INTX
Backpack NEAR_USDC_PERP
Deribit NEAR_USDC-PERPETUAL
Phoenix NEAR
Pacifica NEAR
Aftermath Perps NEARUSD