NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0101%/8h= +11.0% APRnext payment +$0.13 per $10,000 · paid last 24h −0.023%

Price spread now: Deribit against Kraken Futures+0.029%7-day average +0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$450.449% of the position

Long on Kraken Futures Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.186%+$19 on $10k

Price spread, last 4 days (all we have)+0.003%$0 · spread now +0.029%, 7d avg +0.036%

Together, before fees+0.189%+$19 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.036%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_NEARUSD	4.3330	0.0711	pay 0.0089% / 1h	14m 09s	$7.6M	$39.0M	50x
Short	Deribit NEAR_USDC-PERPETUAL	4.3343	0.0812	get 0.0102% / 1h	14m 09s	$1.9M	$9.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.029%Rate

Funding earned: $21.16
Price spread: +0.029% → +0.036%: −$0.62
Slippage, 4 orders: −$27.88
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$24.35
Costs to cover: 0.449%
Break-even: 15.1 days

Slippage from Kraken Futures: live order book, 5 min ago; Deribit: 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 Kraken Futures live order book, 5 min ago	7.49 bp	14.9 bp −$15	20.7 bp −$207	48.9 bp −$4,886	5878.0 bp −$2.94M
Sell Deribit live order book, 5 min ago	4.72 bp	8.5 bp −$8	14.4 bp −$144	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	4.3308	−0.051%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3311	−0.044%	$107K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3297	−0.076%	$162K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.432%	$578	$301K	12x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0056%	1h	4.3493	+0.376%	$2.3M	$15.9M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3320	−0.024%	$110K	$502K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3390	+0.138%	$265.2M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3352	+0.050%	$214.5M	$425.7M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3360	+0.069%	$61.3M	$288.7M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3250	−0.185%	$246K	−$0	10x	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	+0.0100%	8h	4.3305	−0.058%	$32.1M	$61.9M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3360	+0.069%	$73.7M	$146.3M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3390	+0.138%	$53.8M	$45.8M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3351	+0.048%	$71.5M	$127.5M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3370	+0.092%	—	$6.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3447	+0.270%	$8.2M	$18.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3528	+0.455%	$254K	$951K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3530	+0.462%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3500	+0.392%	$167K	$796K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3343	+0.029%	$273K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3339	+0.020%	$57K	$246K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3410	+0.184%	$1K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3400	+0.161%	$468K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3340	+0.022%	$3.7M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3300	−0.069%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3350	+0.046%	$202K	$37K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3410	+0.184%	$13.5M	$32.1M	75x	as long as short
Pacifica NEAR	+0.0263%	1h	4.3341	+0.026%	$401K	$1.3M	10x	as long as short
Kalshi KXNEARPERP	+0.0273%	8h	4.3322	−0.019%	$870K	$23.5M	2.2x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0323% / S −0.0198%	1h	4.3289	−0.095%	$234K	—	100x	as long as short
Aster NEARUSDT	+0.0335%	8h	4.3370	+0.092%	$2.8M	$5.5M	50x	as long as short
SoDEX NEAR-USD	+0.0355%	1h	4.3315	−0.035%	$6K	$53K	10x	as long as short
01 Exchange NEARUSD	+0.0520%	1h	4.3345	+0.034%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0564%	1h	4.3322	−0.020%	$1.8M	$3.1M	10x	as long as short
Hyperliquid NEAR	+0.0575%	1h	4.3405	+0.172%	$355.4M	$314.3M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0590%	1h	4.3380	+0.115%	$1.3M	$6.8M	20x	as long as short
Extended NEAR-USD	+0.0592%	1h	4.3297	−0.076%	$3.8M	$19.9M	25x	as long as short
Arcus NEAR-USD	+0.0627%	1h	4.3360	+0.069%	$213K	$1.6M	10x	as long as short
Kraken Futures PF_NEARUSDlong	+0.0711%	1h	4.3330	long leg	$7.6M	$39.0M	50x
Deribit NEAR_USDC-PERPETUALshort	+0.0812%	1h	4.3343	+0.029%	$1.9M	$9.6M	25x
Lighter RH NEAR	+0.0920%	1h	4.3387	+0.131%	$1.5M	$7.4M	10x	as long as short
Phoenix NEAR	+0.0941%	1h	4.3602	+0.627%	$1.8M	$2.8M	10x	as long as short
Lighter NEAR	+0.1080%	1h	4.3430	+0.231%	$17.5M	$25.1M	15x	as long as short
RISEx NEAR/USDC	+0.1162%	1h	4.3351	+0.047%	$681K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1581%	1h	4.3409	+0.182%	$5K	$13K	10x	as long as short