NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0233%/8h= −25.5% APRnext payment −$0.29 per $10,000 · paid last 24h −0.139%

Price spread now: Coinbase International against Kraken Futures+0.217%7-day average −0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs−$93as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$520.523% of the position

Long on Kraken Futures Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.407%−$41 on $10k

Price spread, last 4 days (all we have)−0.243%−$24 · spread now +0.217%, 7d avg −0.054%

Together, before fees−0.650%−$65 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.271% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.217% now, against its 7-day average of −0.054%): +$27 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 3.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_NEARUSD	4.4424	0.0657	pay 0.0082% / 1h	40m 14s	$7.4M	$38.5M	50x
Short	Coinbase International NEAR-PERP-INTX	4.4520	0.0424	get 0.0053% / 1h	40m 14s	$2.3M	$16.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.217%Rate

Funding earned: −$48.88
Price spread: +0.217% → −0.054%: $27.1
Slippage, 4 orders: −$32.26
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$74.04
Costs to cover: 0.523%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 4 min ago; Coinbase International: 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 Kraken Futures live order book, 4 min ago	8.15 bp	13.4 bp −$13	14.9 bp −$149	48.5 bp −$4,851	5846.0 bp −$2.92M
Sell Coinbase International live order book, 4 min ago	3.23 bp	13.7 bp −$14	19.0 bp −$190	555.9 bp −$55.6K	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	4.4558	+0.303%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4644	+0.496%	$110K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4563	+0.314%	$168K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.784%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4640	+0.487%	$111K	$494K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4473	+0.111%	$225.5M	$436.3M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4490	+0.150%	$62.9M	$299.5M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.5008	+1.316%	$256K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4560	+0.307%	$35.3M	$60.2M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4480	+0.127%	$52.8M	$46.0M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NEARUSDT	+0.0100%	8h	4.4436	+0.028%	$73.6M	$128.0M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4927	+1.134%	$9.1M	$18.5M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4779	+0.800%	$262K	$967K	20x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4740	+0.712%	$168K	$804K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4607	+0.413%	$294K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4486	+0.141%	$58K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4520	+0.217%	$1K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4560	+0.307%	$464K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4460	+0.082%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0106%	8h	4.4700	+0.622%	$32K	$585	10x	as long as short
GRVT NEAR_USDT_Perp	+0.0124%	8h	4.4854	+0.969%	$1.5M	$1.5M	10x	as long as short
Aevo NEAR-PERP	+0.0128%	1h	4.4528	+0.234%	$207K	$40K	3x	as long as short
SoDEX NEAR-USD	+0.0175%	1h	4.4447	+0.053%	$5K	$53K	10x	as long as short
BingX NEAR-USDT	+0.0185%	8h	4.4580	+0.352%	—	$144.0M	—	as long as short
MEXC NEAR_USDT	+0.0189%	8h	4.4500	+0.172%	$84.0M	$146.2M	200x	as long as short
Binance NEARUSDT	+0.0190%	8h	4.4500	+0.171%	$270.9M	$1.09B	75x	as long as short
Kalshi KXNEARPERP	+0.0292%	8h	4.4525	+0.228%	$1.1M	$25.1M	2.2x	as long as short
Extended NEAR-USD	+0.0296%	1h	4.4460	+0.083%	$3.7M	$18.9M	25x	as long as short
BloFin NEAR-USDT	+0.0310%	8h	4.4790	+0.825%	$13.6M	$33.0M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0335% / S −0.0229%	1h	4.4554	+0.294%	$256K	—	100x	as long as short
Aster NEARUSDT	+0.0336%	8h	4.4493	+0.157%	$2.8M	$5.0M	50x	as long as short
Coinbase International NEAR-PERP-INTXshort	+0.0424%	1h	4.4520	+0.217%	$2.3M	$16.5M	50x
01 Exchange NEARUSD	+0.0472%	1h	4.4667	+0.548%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0555%	1h	4.4622	+0.447%	$367.3M	$311.6M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0575%	1h	4.4772	+0.784%	$1.3M	$6.6M	20x	as long as short
Nado NEAR-PERP	+0.0580%	1h	4.4594	+0.384%	$1.7M	$3.2M	10x	as long as short
Kraken Futures PF_NEARUSDlong	+0.0657%	1h	4.4424	long leg	$7.4M	$38.5M	50x
Arcus NEAR-USD	+0.0880%	1h	4.4690	+0.600%	$227K	$1.6M	10x	as long as short
Lighter NEAR	+0.0960%	1h	4.4519	+0.215%	$17.4M	$24.8M	15x	as long as short
Lighter RH NEAR	+0.0984%	1h	4.4545	+0.273%	$1.5M	$6.7M	10x	as long as short
Phoenix NEAR	+0.1003%	1h	4.5134	+1.599%	$1.9M	$2.5M	10x	as long as short
Pacifica NEAR	+0.1187%	1h	4.4718	+0.663%	$412K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1259%	1h	4.4754	+0.743%	$6K	$12K	10x	as long as short
RISEx NEAR/USDC	+0.1259%	1h	4.4674	+0.563%	$670K	$1.4M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1347%	1h	4.4521	+0.219%	$1.9M	$12.4M	25x	as long as short