Funding you earn now, next payment 07:00 UTC+0.0557%/8h= +61.0% APRnext payment +$0.70 per $10,000 · paid last 24h +0.106%
Price spread now: Kraken Futures against Polymarket Perps−0.411%7-day average +0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$440.443% of the position
Funding, last 7 days+0.212%+$21 on $10k
+Price spread, last 4 days (all we have)+0.606%+$61 · spread now −0.411%, 7d avg +0.022%
=Funding pays, the price is against you. Kraken Futures is 0.433% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.411% now, against its 7-day average of +0.022%). If the spread goes back, that is −$43 on $10k: about 2.6 days of funding at the current rate (+$17 a day). At the pace of the last 7 days (+0.212% in total) that is about 14 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.212% in total (about 11.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.70 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 | Polymarket Perps NEAR-USD | 4.4607 | 0.0100 | pay 0.0013% / 1h | 40m 03s | $294K | $4.0M | 10x |
| Short | Kraken Futures PF_NEARUSD | 4.4424 | 0.0657 | get 0.0082% / 1h | 40m 03s | $7.4M | $38.5M | 50x |
Polymarket Perps NEAR-USD
Kraken Futures PF_NEARUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Polymarket Perps. 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
- $116.92
- Price spread: −0.411% → +0.022%
- −$43.33
- Slippage, 4 orders
- −$26.28
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $29.32
- Costs to cover
- 0.443%
- Break-even
- 5.2 days
Slippage from Polymarket Perps: live order book, 4 min ago; Kraken Futures: 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 Polymarket Perps live order book, 4 min ago | 2.45 bp | 7.7 bp −$8 | 11.3 bp −$113 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 4 min ago | 8.15 bp | 15.7 bp −$16 | 21.0 bp −$210 | 43.2 bp −$4,319 | 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 | −0.110% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.4644 | +0.083% | $110K | $68K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.4563 | −0.099% | $168K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −7.167% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.4640 | +0.074% | $111K | $494K | 50x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.4480 | −0.285% | $225.6M | $435.5M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.4470 | −0.307% | $62.9M | $299.4M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.5008 | +0.899% | $256K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.4449 | −0.354% | $35.2M | $60.3M | 75x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.4480 | −0.285% | $52.8M | $46.0M | 75x | as long as short |
Reya NEARRUSDPERP
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Bulk NEAR-USD
Gate NEAR_USDT
KuCoin NEARUSDTMShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget NEARUSDT | +0.0100% | 8h | 4.4468 | −0.312% | $73.7M | $128.0M | 75x | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.4927 | +0.718% | $9.1M | $18.5M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.4779 | +0.386% | $262K | $967K | 20x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.4740 | +0.298% | $168K | $804K | 50x | as long as short |
| Polymarket Perps NEAR-USDlong | +0.0100% | 1h | 4.4607 | long leg | $294K | $4.0M | 10x | |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.4486 | −0.271% | $58K | $235K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.4520 | −0.195% | $1K | $1.3M | 20x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.4560 | −0.105% | $464K | $4.0M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.4460 | −0.330% | $3.6M | $8.3M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0106% | 8h | 4.4700 | +0.208% | $32K | $585 | 10x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0124% | 8h | 4.4854 | +0.553% | $1.5M | $1.5M | 10x | as long as short |
| Aevo NEAR-PERP | +0.0128% | 1h | 4.4528 | −0.178% | $207K | $40K | 3x | as long as short |
| SoDEX NEAR-USD | +0.0175% | 1h | 4.4447 | −0.359% | $5K | $53K | 10x | as long as short |
| BingX NEAR-USDT | +0.0185% | 8h | 4.4510 | −0.217% | — | $144.0M | — | as long as short |
| MEXC NEAR_USDT | +0.0189% | 8h | 4.4500 | −0.240% | $84.0M | $146.2M | 200x | as long as short |
| Binance NEARUSDT | +0.0190% | 8h | 4.4487 | −0.269% | $270.8M | $1.09B | 75x | as long as short |
| Kalshi KXNEARPERP | +0.0292% | 8h | 4.4525 | −0.184% | $1.1M | $25.1M | 2.2x | as long as short |
| Extended NEAR-USD | +0.0296% | 1h | 4.4460 | −0.329% | $3.7M | $18.9M | 25x | as long as short |
| BloFin NEAR-USDT | +0.0310% | 8h | 4.4790 | +0.410% | $13.6M | $33.0M | 75x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0335% / S −0.0229% | 1h | 4.4554 | −0.119% | $256K | — | 100x | as long as short |
| Aster NEARUSDT | +0.0336% | 8h | 4.4473 | −0.299% | $2.8M | $5.0M | 50x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0424% | 1h | 4.4520 | −0.195% | $2.3M | $16.5M | 50x | as long as short |
| 01 Exchange NEARUSD | +0.0472% | 1h | 4.4667 | +0.135% | $13K | $7K | 10x | as long as short |
| Hyperliquid NEAR | +0.0541% | 1h | 4.4531 | −0.170% | $366.4M | $311.8M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0548% | 1h | 4.4495 | −0.251% | $1.4M | $6.7M | 20x | as long as short |
| Nado NEAR-PERP | +0.0580% | 1h | 4.4594 | −0.029% | $1.7M | $3.2M | 10x | as long as short |
| Kraken Futures PF_NEARUSDshort | +0.0657% | 1h | 4.4424 | −0.411% | $7.4M | $38.5M | 50x | |
| Arcus NEAR-USD | +0.0880% | 1h | 4.4690 | +0.186% | $227K | $1.6M | 10x | as long as short |
| Lighter NEAR | +0.0960% | 1h | 4.4519 | −0.197% | $17.4M | $24.8M | 15x | as long as short |
| Lighter RH NEAR | +0.0984% | 1h | 4.4545 | −0.139% | $1.5M | $6.7M | 10x | as long as short |
| Phoenix NEAR | +0.1003% | 1h | 4.5134 | +1.181% | $1.9M | $2.5M | 10x | as long as short |
| Pacifica NEAR | +0.1187% | 1h | 4.4718 | +0.249% | $412K | $1.4M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1259% | 1h | 4.4754 | +0.329% | $6K | $12K | 10x | as long as short |
| RISEx NEAR/USDC | +0.1259% | 1h | 4.4674 | +0.149% | $670K | $1.4M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.1347% | 1h | 4.4521 | −0.193% | $1.9M | $12.4M | 25x | as long as short |
Bitget NEARUSDT
Variational Omni NEAR
edgeX NEARUSDC
ApeX Omni NEARUSDT
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
HTX NEAR-USDT
Phemex NEARUSDT
Paradex NEAR-USD-PERP
GRVT NEAR_USDT_Perp
Aevo NEAR-PERP
SoDEX NEAR-USD
BingX NEAR-USDT
MEXC NEAR_USDT
Binance NEARUSDT
Kalshi KXNEARPERP
Extended NEAR-USD
BloFin NEAR-USDT
GMX NEAR/USD [ETH-USDC]
Aster NEARUSDT
Coinbase International NEAR-PERP-INTX
01 Exchange NEARUSD
Hyperliquid NEAR
Backpack NEAR_USDC_PERP
Nado NEAR-PERP
Arcus NEAR-USD
Lighter NEAR
Lighter RH NEAR
Phoenix NEAR
Pacifica NEAR
Aftermath Perps NEARUSD
RISEx NEAR/USDC
Deribit NEAR_USDC-PERPETUAL