Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Binance−0.168%7-day average +0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$510.508% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.005%$0 on $10k

Price spread, last 7 days+0.161%+$16 · spread now −0.168%, 7d avg +0.011%

Together, before fees+0.165%+$17 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 0.178% cheaper against Binance than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NEARUSDT	4.3232	0.0100	pay 0.0100% / 8h	3h 22m	$264.9M	$1.09B	75x
Short	KuCoin NEARUSDTM	4.3160	0.0100	get 0.0100% / 8h	3h 22m	$53.5M	$46.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Binance. 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 BinancebpFee KuCoinbpOrdersPrice spread, now −0.168%Rate

Funding earned: $0
Price spread: −0.168% → +0.011%: −$17.85
Slippage, 4 orders: −$28.8
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$68.65
Costs to cover: 0.508%
Break-even: never at this rate

Slippage from Binance: live order book, 6 min ago; KuCoin: live order book, 6 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 Binance live order book, 6 min ago	1.15 bp	7.7 bp −$8	10.4 bp −$104	28.2 bp −$2,818	97.4 bp −$48.7K
Sell KuCoin live order book, 6 min ago	2.29 bp	19.2 bp −$19	32.4 bp −$324	94.4 bp −$9,441	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	4.3234	+0.003%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3189	−0.100%	$106K	$69K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3229	−0.009%	$168K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.216%	$578	$301K	12x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0056%	1h	4.3288	+0.128%	$2.3M	$15.8M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3240	+0.017%	$109K	$501K	50x	as long as short
Binance NEARUSDTlong	+0.0100%	8h	4.3232	long leg	$264.9M	$1.09B	75x
Bybit NEARUSDT	+0.0100%	8h	4.3207	−0.059%	$214.0M	$428.3M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3270	+0.087%	$61.2M	$290.8M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3250	+0.041%	$246K	−$0	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NEAR_USDT	+0.0100%	8h	4.3159	−0.170%	$31.9M	$61.6M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3240	+0.017%	$72.4M	$145.7M	200x	as long as short
KuCoin NEARUSDTMshort	+0.0100%	8h	4.3160	−0.168%	$53.5M	$46.0M	75x
Bitget NEARUSDT	+0.0100%	8h	4.3182	−0.117%	$71.2M	$128.8M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3190	−0.098%	—	$145.8M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3627	+0.912%	$8.4M	$17.9M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3622	+0.901%	$255K	$947K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3500	+0.619%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3640	+0.943%	$168K	$797K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3253	+0.047%	$279K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3276	+0.101%	$57K	$246K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3350	+0.272%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3350	+0.272%	$470K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3240	+0.017%	$3.7M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3249	+0.039%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3233	+0.001%	$201K	$37K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3260	+0.064%	$13.4M	$32.1M	75x	as long as short
Pacifica NEAR	+0.0263%	1h	4.3221	−0.026%	$406K	$1.3M	10x	as long as short
Kalshi KXNEARPERP	+0.0276%	8h	4.3318	+0.198%	$867K	$23.5M	2.2x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0323% / S −0.0198%	1h	4.3225	−0.018%	$233K	—	100x	as long as short
Aster NEARUSDT	+0.0331%	8h	4.3220	−0.029%	$2.8M	$5.5M	50x	as long as short
SoDEX NEAR-USD	+0.0372%	1h	4.3245	+0.029%	$6K	$53K	10x	as long as short
01 Exchange NEARUSD	+0.0528%	1h	4.3235	+0.006%	$13K	$7K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0572%	1h	4.3210	−0.052%	$1.3M	$6.7M	20x	as long as short
Nado NEAR-PERP	+0.0587%	1h	4.3220	−0.029%	$1.8M	$3.1M	10x	as long as short
Hyperliquid NEAR	+0.0602%	1h	4.3216	−0.038%	$353.9M	$313.7M	10x	as long as short
Arcus NEAR-USD	+0.0627%	1h	4.3280	+0.110%	$212K	$1.6M	10x	as long as short
Extended NEAR-USD	+0.0632%	1h	4.3160	−0.167%	$3.8M	$20.0M	25x	as long as short
Kraken Futures PF_NEARUSD	+0.0713%	1h	4.3228	−0.011%	$7.6M	$39.4M	50x	as long as short
Lighter RH NEAR	+0.0896%	1h	4.3283	+0.117%	$1.5M	$7.4M	10x	as long as short
Phoenix NEAR	+0.0941%	1h	4.3721	+1.130%	$1.8M	$2.8M	10x	as long as short
Lighter NEAR	+0.1104%	1h	4.3261	+0.067%	$17.4M	$25.0M	15x	as long as short
RISEx NEAR/USDC	+0.1162%	1h	4.3248	+0.035%	$686K	$1.3M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1508%	1h	4.3305	+0.168%	$1.9M	$9.1M	25x	as long as short
Aftermath Perps NEARUSD	+0.1574%	1h	4.3462	+0.531%	$5K	$13K	10x	as long as short