Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0142%/8h= +15.5% APRpaid last 24h +0.016%

Price spread now: HTX against Kraken Futures+0.139%7-day average +0.209% · you sell dearer than you buy

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$99as in the Price arb table

costs, in and out, $10k−$920.924% of the position

Long on Kraken Futures Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.377%+$38 on $10k

Price spread, last 4 days (all we have)+0.013%+$1 · spread now +0.139%, 7d avg +0.209%

Together, before fees+0.390%+$39 on $10k · with fees, hour by hour

Funding pays, the price is against you. HTX is 0.071% cheaper against Kraken Futures than usual: you would sell low and buy high (spread +0.139% now, against its 7-day average of +0.209%). If the spread goes back, that is −$7 on $10k: about 40 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_NEARUSD	4.3440	0.0017	pay 0.0002% / 1h	3m 23s	$7.2M	$38.6M	50x
Short	HTX NEAR-USDT	4.3500	0.0158	get 0.0158% / 8h	3m 23s	$463K	$3.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.139%Rate

Funding earned: $29.72
Price spread: +0.139% → +0.209%: −$7.05
Slippage, 4 orders: −$70.37
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$69.7
Costs to cover: 0.924%
Break-even: 23.4 days

Slippage from Kraken Futures: live order book, 6 min ago; HTX: live order book, 1 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, 6 min ago	8.81 bp	15.5 bp −$15	20.5 bp −$205	54.2 bp −$5,417	6168.1 bp −$3.08M
Sell HTX live order book, 1 min ago	24.02 bp	31.6 bp −$32	79.8 bp −$798	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	4.3529	+0.206%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3462	+0.052%	$107K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3591	+0.349%	$163K	—	150x	as long as short
Kraken Futures PF_NEARUSDlong	+0.0017%	1h	4.3440	long leg	$7.2M	$38.6M	50x
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.672%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3570	+0.300%	$114K	$499K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3570	+0.300%	$219.6M	$430.3M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3520	+0.185%	$61.5M	$295.5M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3750	+0.714%	$249K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3571	+0.302%	$35.9M	$63.2M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NEARUSDTM	+0.0100%	8h	4.3570	+0.300%	$52.8M	$46.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3546	+0.245%	$72.0M	$127.9M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3549	+0.252%	$8.9M	$18.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3722	+0.651%	$253K	$896K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3681	+0.556%	$1.4M	$1.6M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3680	+0.553%	$167K	$816K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3598	+0.365%	$274K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3448	+0.019%	$58K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3650	+0.484%	$1K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3433	−0.015%	$5K	$50K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3450	+0.024%	$3.5M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3587	+0.340%	$31K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3571	+0.302%	$3.6M	$16.4M	25x	as long as short
Aster NEARUSDT	+0.0105%	8h	4.3536	+0.222%	$2.7M	$4.8M	50x	as long as short
Aevo NEAR-PERP	+0.0120%	1h	4.3461	+0.049%	$202K	$38K	3x	as long as short
Hyperliquid NEAR	+0.0134%	1h	4.3574	+0.309%	$351.1M	$316.2M	10x	as long as short
Binance NEARUSDT	+0.0144%	8h	4.3582	+0.328%	$263.3M	$1.09B	75x	as long as short
MEXC NEAR_USDT	+0.0146%	8h	4.3560	+0.277%	$88.8M	$154.7M	200x	as long as short
HTX NEAR-USDTshort	+0.0158%	8h	4.3500	+0.139%	$463K	$3.8M	75x
BingX NEAR-USDC	+0.0162%	8h	4.3570	+0.300%	—	$6.6M	—	as long as short
Kalshi KXNEARPERP	+0.0169%	8h	4.3475	+0.081%	$942K	$25.1M	2.2x	as long as short
01 Exchange NEARUSD	+0.0232%	1h	4.3587	+0.339%	$13K	$7K	10x	as long as short
BloFin NEAR-USDT	+0.0266%	8h	4.3670	+0.530%	$13.4M	$32.2M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0342% / S −0.0242%	1h	4.3462	+0.052%	$253K	—	100x	as long as short
Nado NEAR-PERP	+0.0371%	1h	4.3569	+0.297%	$1.7M	$3.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0471%	1h	4.3506	+0.153%	$1.1M	$7.2M	20x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.3494	+0.125%	$2.3M	$16.9M	50x	as long as short
Lighter RH NEAR	+0.0496%	1h	4.3543	+0.238%	$1.5M	$6.8M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0510%	1h	4.3469	+0.068%	$1.9M	$13.1M	25x	as long as short
Lighter NEAR	+0.0560%	1h	4.3617	+0.408%	$17.2M	$25.4M	15x	as long as short
Arcus NEAR-USD	+0.0638%	1h	4.3580	+0.323%	$228K	$1.5M	10x	as long as short
Pacifica NEAR	+0.0949%	1h	4.3557	+0.269%	$411K	$1.4M	10x	as long as short
Phoenix NEAR	+0.0949%	1h	4.3702	+0.604%	$1.8M	$2.4M	10x	as long as short
RISEx NEAR/USDC	+0.0965%	1h	4.3563	+0.285%	$604K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1125%	1h	4.3624	+0.423%	$5K	$7K	10x	as long as short