Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.240%

Price spread now: KuCoin against Arcus−0.024%7-day average −0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$430.434% of the position

Long on Arcus Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.317%−$32 on $10k

Price spread, last 7 days+0.035%+$3 · spread now −0.024%, 7d avg −0.016%

Together, before fees−0.283%−$28 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus NEAR-USD	4.1420	0.0100	pay 0.0013% / 1h	58m 29s	$308K	$1.6M	10x
Short	KuCoin NEARUSDTM	4.1410	0.0100	get 0.0100% / 8h	1h 58m	$56.0M	$44.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Arcus. 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 ArcusbpFee KuCoinbpOrdersPrice spread, now −0.024%Rate

Funding earned: $0
Price spread: −0.024% → −0.016%: −$0.81
Slippage, 4 orders: −$26.95
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$44.25
Costs to cover: 0.434%
Break-even: never at this rate

Slippage from Arcus: live order book, just now; KuCoin: live order book, 11 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 Arcus live order book, just now	3.62 bp	5.9 bp −$6	8.7 bp −$87	doesn't fit	doesn't fit
Sell KuCoin live order book, 11 min ago	2.42 bp	14.1 bp −$14	37.4 bp −$374	95.4 bp −$9,535	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	4.1442	+0.054%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0032%	1h	4.1463	+0.104%	$2.1M	$12.7M	50x	as long as short
Injective NEAR/USDC PERP	−0.0002%	1h	4.1410	−0.024%	$578	$302K	12x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.1394	−0.063%	$104K	$54K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.1348	−0.174%	$397K	$18.3M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.1405	−0.036%	$205K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0049%	1h	4.1426	+0.013%	$7.5M	$37.0M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.1410	−0.024%	$110K	$492K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.1416	−0.010%	$53K	$157K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.1398	−0.054%	$30K	$647	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster NEARUSDT	+0.0100%	8h	4.1410	−0.024%	$2.9M	$5.9M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.1403	−0.042%	$349K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.1420	0.000%	$236.1M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.1395	−0.060%	$211.0M	$428.1M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.1410	−0.024%	$56.4M	$275.9M	50x	as long as short
Arcus NEAR-USDlong	+0.0100%	1h	4.1420	long leg	$308K	$1.6M	10x
Bulk NEAR-USD	+0.0100%	1h	4.1252	−0.406%	$235K	$6K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.1397	−0.056%	$29.6M	$56.7M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.1410	−0.024%	$81.6M	$140.3M	200x	as long as short
KuCoin NEARUSDTMshort	+0.0100%	8h	4.1410	−0.024%	$56.0M	$44.9M	75x
Bitget NEARUSDT	+0.0100%	8h	4.1457	+0.089%	$68.9M	$126.7M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.1390	−0.072%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.1354	−0.160%	$7.7M	$18.5M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.1362	−0.139%	$236K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.1411	−0.022%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.1380	−0.097%	$182K	$793K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.1467	+0.113%	$204K	$3.1M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.1440	+0.048%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.1409	−0.027%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.1470	+0.121%	$3.8M	$8.2M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.1383	−0.088%	$3.8M	$14.6M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.1403	−0.040%	$201K	$61K	3x	as long as short
01 Exchange NEARUSD	+0.0112%	1h	4.1424	+0.010%	$12K	$7K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0209%	1h	4.1442	+0.053%	$1.8M	$2.1M	25x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.1450	+0.072%	$12.3M	$33.7M	75x	as long as short
Lighter RH NEAR	+0.0264%	1h	4.1443	+0.056%	$1.4M	$6.9M	10x	as long as short
RISEx NEAR/USDC	+0.0364%	1h	4.1428	+0.020%	$412K	$1.2M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0378% / S −0.0326%	1h	4.1404	−0.039%	$278K	—	100x	as long as short
Lighter NEAR	+0.0392%	1h	4.1456	+0.086%	$15.3M	$22.4M	15x	as long as short
Backpack NEAR_USDC_PERP	+0.0423%	1h	4.1462	+0.101%	$1.3M	$5.7M	20x	as long as short
Hyperliquid NEAR	+0.0480%	1h	4.1497	+0.186%	$348.9M	$299.7M	10x	as long as short
Nado NEAR-PERP	+0.0507%	1h	4.1445	+0.060%	$1.8M	$3.6M	10x	as long as short
Phoenix NEAR	+0.0582%	1h	4.1419	−0.002%	$1.7M	$2.7M	10x	as long as short
Aftermath Perps NEARUSD	+0.0937%	1h	4.1350	−0.168%	$5K	$11K	10x	as long as short
HTX NEAR-USDT	+0.1050%	8h	4.1480	+0.145%	$446K	$3.7M	75x	as long as short