Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: KuCoin against Aevo+0.340%7-day average +0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$139as in the Funding arb table

Net, price: spread back to 7d avg − costs−$104as in the Price arb table

costs, in and out, $10k−$1361.356% of the position

Long on Aevo Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.035%−$3 on $10k

Price spread, last 3 days (all we have)−0.515%−$52 · spread now +0.340%, 7d avg +0.020%

Together, before fees−0.550%−$55 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.320% dearer against Aevo than usual: you sell high and buy low, +$32 on $10k if it goes back to its 7-day average of +0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo NEAR-PERP	4.2685	0.0104	pay 0.0013% / 1h	29m 13s	$199K	$28K	3x
Short	KuCoin NEARUSDTM	4.2830	0.0100	get 0.0100% / 8h	7h 29m	$56.2M	$42.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Aevo. 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 AevobpFee KuCoinbpOrdersPrice spread, now +0.340%Rate

Funding earned: −$0.84
Price spread: +0.340% → +0.020%: $31.99
Slippage, 4 orders: −$107.55
Fee Aevo: 8 bp × 2 orders: −$16
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$104.4
Costs to cover: 1.356%
Break-even: never at this rate

Slippage from Aevo: live order book, 45 min ago; KuCoin: 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 Aevo live order book, 45 min ago	42.17 bp	50.2 bp −$50	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	2.36 bp	19.0 bp −$19	40.9 bp −$409	105.4 bp −$10.5K	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	4.2780	+0.223%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0132%	1h	4.2728	+0.100%	$7.2M	$37.4M	50x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.2777	+0.216%	$2.2M	$12.9M	50x	as long as short
Bybit NEARUSDT	−0.0051%	8h	4.2751	+0.155%	$215.9M	$416.1M	75x	as long as short
01 Exchange NEARUSD	−0.0024%	1h	4.2901	+0.506%	$13K	$7K	10x	as long as short
Variational Omni NEAR	−0.0005%	8h	4.2608	−0.179%	$8.0M	$18.7M	—	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2858	+0.406%	$111K	$64K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2838	+0.358%	$416K	$18.5M	2.2x	as long as short
Gate NEAR_USDT	+0.0003%	8h	4.2798	+0.265%	$30.7M	$59.4M	75x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2751	+0.156%	$203K	—	150x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−2.987%	$578	$302K	12x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0054%	1h	4.2712	+0.063%	$1.9M	$3.4M	25x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2890	+0.480%	$114K	$482K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0098%	8h	4.2700	+0.035%	$57K	$193K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0099%	8h	4.2862	+0.415%	$31K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2808	+0.289%	$2.9M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.2849	+0.383%	$396K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2728	+0.102%	$252.9M	$1.06B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2770	+0.199%	$60.0M	$278.3M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2900	+0.504%	$197K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2709	+0.057%	$243K	−$0	10x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2810	+0.293%	$77.4M	$140.2M	200x	as long as short
KuCoin NEARUSDTMshort	+0.0100%	8h	4.2830	+0.340%	$56.2M	$42.9M	75x
Bitget NEARUSDT	+0.0100%	8h	4.2689	+0.009%	$70.7M	$124.6M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.2740	+0.129%	—	$141.8M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2606	−0.185%	$254K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2603	−0.192%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2320	−0.855%	$177K	$788K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2835	+0.351%	$206K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2860	+0.410%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2700	+0.035%	$5K	$52K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.2990	+0.715%	$461K	$3.6M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2720	+0.082%	$3.8M	$8.6M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2656	−0.068%	$3.8M	$16.9M	25x	as long as short
Aevo NEAR-PERPlong	+0.0104%	1h	4.2685	long leg	$199K	$28K	3x
Hyperliquid NEAR	+0.0161%	1h	4.2884	+0.466%	$359.7M	$304.8M	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2730	+0.105%	$13.0M	$28.1M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0372% / S −0.0306%	1h	4.2745	+0.142%	$272K	—	100x	as long as short
Lighter RH NEAR	+0.0376%	1h	4.2770	+0.199%	$1.6M	$6.9M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0395%	1h	4.2857	+0.403%	$1.4M	$5.8M	20x	as long as short
RISEx NEAR/USDC	+0.0428%	1h	4.2921	+0.553%	$407K	$1.2M	10x	as long as short
Nado NEAR-PERP	+0.0459%	1h	4.2812	+0.297%	$1.9M	$3.2M	10x	as long as short
Phoenix NEAR	+0.0499%	1h	4.2669	−0.037%	$1.8M	$2.7M	10x	as long as short
Aftermath Perps NEARUSD	+0.1313%	1h	4.2608	−0.180%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1904%	1h	4.2835	+0.351%	$17.1M	$24.2M	15x	as long as short