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 Bitget−0.074%7-day average +0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$580.577% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.026%+$3 on $10k

Price spread, last 7 days+0.105%+$11 · spread now −0.074%, 7d avg +0.049%

Together, before fees+0.131%+$13 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 0.123% cheaper against Bitget than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.049%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NEARUSDT	4.4573	0.0100	pay 0.0100% / 8h	6h 21m	$73.5M	$125.7M	75x
Short	KuCoin NEARUSDTM	4.4540	0.0100	get 0.0100% / 8h	6h 21m	$54.9M	$43.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bitget. 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 BitgetbpFee KuCoinbpOrdersPrice spread, now −0.074%Rate

Funding earned: $0
Price spread: −0.074% → +0.049%: −$12.34
Slippage, 4 orders: −$33.71
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$70.06
Costs to cover: 0.577%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; KuCoin: live order book, 2 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 Bitget live order book, 2 min ago	2.15 bp	9.7 bp −$10	11.6 bp −$116	26.6 bp −$2,662	doesn't fit
Sell KuCoin live order book, 2 min ago	2.27 bp	15.6 bp −$16	29.8 bp −$298	102.8 bp −$10.3K	doesn't fit

NEAR on 44 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	4.4458	−0.257%	$2K	—	20x	as long as short
Phemex NEARUSDT	−0.0170%	8h	4.4450	−0.276%	$3.9M	$8.2M	50x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0064%	1h	4.4448	−0.280%	$2.2M	$14.5M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4556	−0.039%	$110K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4561	−0.027%	$703K	$19.7M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.4459	−0.256%	$197K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.096%	$578	$302K	12x	as long as short
Variational Omni NEAR	+0.0072%	8h	4.3998	−1.291%	$8.6M	$18.6M	—	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4460	−0.254%	$110K	$486K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4615	+0.093%	$422K	$1.2M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance NEARUSDT	+0.0100%	8h	4.4644	+0.158%	$270.7M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4651	+0.175%	$226.1M	$422.0M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4660	+0.195%	$63.4M	$293.2M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.4560	−0.029%	$212K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4050	−1.173%	$251K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4470	−0.231%	$32.2M	$62.0M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4680	+0.240%	$76.2M	$141.4M	200x	as long as short
KuCoin NEARUSDTMshort	+0.0100%	8h	4.4540	−0.074%	$54.9M	$43.0M	75x
Bitget NEARUSDTlong	+0.0100%	8h	4.4573	long leg	$73.5M	$125.7M	75x
BingX NEAR-USDC	+0.0100%	8h	4.4490	−0.186%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4063	−1.144%	$272K	$1.0M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4170	−0.904%	$1.5M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4180	−0.882%	$184K	$762K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4501	−0.162%	$218K	$3.5M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4470	−0.231%	$61K	$190K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4560	−0.029%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4465	−0.242%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4520	−0.119%	$456K	$3.9M	75x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.4653	+0.179%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4423	−0.336%	$3.9M	$18.4M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4683	+0.246%	$208K	$34K	3x	as long as short
Aster NEARUSDT	+0.0181%	8h	4.4540	−0.074%	$3.1M	$5.8M	50x	as long as short
Kraken Futures PF_NEARUSD	+0.0213%	1h	4.4473	−0.225%	$8.1M	$40.8M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0335%	1h	4.4500	−0.164%	$1.9M	$4.2M	25x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0360% / S −0.0258%	1h	4.4451	−0.274%	$269K	—	100x	as long as short
Nado NEAR-PERP	+0.0369%	1h	4.4485	−0.197%	$1.9M	$3.1M	10x	as long as short
01 Exchange NEARUSD	+0.0408%	1h	4.4533	−0.090%	$13K	$7K	10x	as long as short
RISEx NEAR/USDC	+0.0509%	1h	4.4520	−0.118%	$561K	$1.3M	10x	as long as short
Phoenix NEAR	+0.0592%	1h	4.4147	−0.956%	$1.8M	$2.6M	10x	as long as short
Lighter RH NEAR	+0.0832%	1h	4.4649	+0.171%	$1.7M	$7.0M	10x	as long as short
Hyperliquid NEAR	+0.0900%	1h	4.4634	+0.137%	$377.2M	$307.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0954%	1h	4.4513	−0.135%	$1.4M	$6.1M	20x	as long as short
Aftermath Perps NEARUSD	+0.1528%	1h	4.4160	−0.926%	$6K	$12K	10x	as long as short
Lighter NEAR	+0.1688%	1h	4.4771	+0.444%	$17.9M	$25.4M	15x	as long as short