Funding you earn now, next payment 05:00 UTC−0.0681%/8h= −74.5% APRnext payment −$0.85 per $10,000 · paid last 24h −0.101%
Price spread now: Injective against Kraken Futures−4.055%63s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.156%−$16 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and Injective is 4.055% cheaper against Kraken Futures than usual: you would sell low and buy high (−$405 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.156% in total (about -8.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.85 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 | 4.3160 | 0.0714 | pay 0.0089% / 1h | 43m 45s | $7.6M | $39.8M | 50x |
| Short | Injective NEAR/USDC PERP | 4.1410 | 0.0033 | get 0.0004% / 1h | 43m 45s | $578 | $301K | 12x |
Kraken Futures PF_NEARUSD
Injective NEAR/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$142.95
- Price spread: −4.055% → 0.000%
- −$405.5
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$558.47
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 5 min ago; Injective: no order-book sample. Net counts fees only.
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 | 6.99 bp | 13.1 bp −$13 | 14.6 bp −$146 | 38.6 bp −$3,864 | 5911.5 bp −$2.96M |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 4.3195 | +0.081% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3308 | +0.342% | $107K | $69K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.3139 | −0.048% | $162K | — | 150x | as long as short |
| Injective NEAR/USDC PERPshort | +0.0033% | 1h | 4.1410 | −4.055% | $578 | $301K | 12x | |
| Coinbase International NEAR-PERP-INTX | +0.0056% | 1h | 4.3225 | +0.150% | $2.3M | $15.9M | 50x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3250 | +0.208% | $107K | $502K | 50x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.3350 | +0.440% | $265.9M | $1.10B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3316 | +0.361% | $216.0M | $427.4M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3350 | +0.440% | $61.3M | $291.6M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3771 | +1.416% | $249K | −$0 | 10x | as long as short |
Reya NEARRUSDPERP
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Coinbase International NEAR-PERP-INTX
Popdex NEARUSDT
Binance NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Bulk NEAR-USDShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate NEAR_USDT | +0.0100% | 8h | 4.3270 | +0.255% | $31.7M | $60.8M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.3360 | +0.463% | $73.7M | $144.4M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3350 | +0.440% | $53.9M | $46.4M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3306 | +0.338% | $71.1M | $128.9M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.3310 | +0.347% | — | $146.3M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.3397 | +0.550% | $8.4M | $18.0M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3444 | +0.657% | $254K | $950K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3580 | +0.973% | $1.4M | $1.5M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3430 | +0.625% | $167K | $799K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3253 | +0.215% | $260K | $3.9M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.3186 | +0.060% | $57K | $246K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3240 | +0.185% | $1K | $1.4M | 20x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.3290 | +0.301% | $459K | $4.0M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3230 | +0.162% | $3.7M | $8.3M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.3306 | +0.338% | $31K | $608 | 10x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.3198 | +0.088% | $201K | $37K | 3x | as long as short |
| Kalshi KXNEARPERP | +0.0138% | 8h | 4.3184 | +0.055% | $652K | $23.1M | 2.2x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.3260 | +0.231% | $13.7M | $32.1M | 75x | as long as short |
| Pacifica NEAR | +0.0263% | 1h | 4.3342 | +0.421% | $412K | $1.2M | 10x | as long as short |
| Aster NEARUSDT | +0.0309% | 8h | 4.3295 | +0.313% | $2.9M | $5.6M | 50x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0320% / S −0.0194% | 1h | 4.3140 | −0.046% | $231K | — | 100x | as long as short |
| SoDEX NEAR-USD | +0.0408% | 1h | 4.3165 | +0.011% | $8K | $49K | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0485% | 1h | 4.3294 | +0.310% | $1.3M | $6.5M | 20x | as long as short |
| 01 Exchange NEARUSD | +0.0520% | 1h | 4.3286 | +0.292% | $13K | $7K | 10x | as long as short |
| Hyperliquid NEAR | +0.0603% | 1h | 4.3369 | +0.484% | $356.1M | $320.1M | 10x | as long as short |
| Arcus NEAR-USD | +0.0627% | 1h | 4.3290 | +0.301% | $212K | $1.6M | 10x | as long as short |
| Extended NEAR-USD | +0.0664% | 1h | 4.3318 | +0.366% | $3.8M | $19.8M | 25x | as long as short |
| Kraken Futures PF_NEARUSDlong | +0.0714% | 1h | 4.3160 | long leg | $7.6M | $39.8M | 50x | |
| Nado NEAR-PERP | +0.0729% | 1h | 4.3240 | +0.186% | $1.8M | $3.1M | 10x | as long as short |
| Lighter RH NEAR | +0.0856% | 1h | 4.3387 | +0.526% | $1.5M | $7.4M | 10x | as long as short |
| Phoenix NEAR | +0.0941% | 1h | 4.3717 | +1.290% | $1.8M | $2.8M | 10x | as long as short |
| Lighter NEAR | +0.1144% | 1h | 4.3402 | +0.561% | $17.5M | $24.9M | 15x | as long as short |
| RISEx NEAR/USDC | +0.1162% | 1h | 4.3293 | +0.308% | $625K | $1.4M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1583% | 1h | 4.3419 | +0.600% | $5K | $12K | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.1929% | 1h | 4.3241 | +0.187% | $2.0M | $8.8M | 25x | as long as short |
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDT
Variational Omni NEAR
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
HTX NEAR-USDT
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Aevo NEAR-PERP
Kalshi KXNEARPERP
BloFin NEAR-USDT
Pacifica NEAR
Aster NEARUSDT
GMX NEAR/USD [ETH-USDC]
SoDEX NEAR-USD
Backpack NEAR_USDC_PERP
01 Exchange NEARUSD
Hyperliquid NEAR
Arcus NEAR-USD
Extended NEAR-USD
Nado NEAR-PERP
Lighter RH NEAR
Phoenix NEAR
Lighter NEAR
RISEx NEAR/USDC
Aftermath Perps NEARUSD
Deribit NEAR_USDC-PERPETUAL