Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: KuCoin against Bulk−0.630%7-day average +0.024% · 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−$121as in the Price arb table

costs, in and out, $10k−$550.551% of the position

Long on Bulk Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.005%+$1 on $10k

Price spread, last 4 days (all we have)+1.205%+$121 · spread now −0.630%, 7d avg +0.024%

Together, before fees+1.210%+$121 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 0.654% cheaper against Bulk than usual: you would sell low and buy high, −$65 on $10k if it goes back to its 7-day average of +0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk NEAR-USD	4.5467	0.0100	pay 0.0013% / 1h	9m 47s	$259K	−$0	10x
Short	KuCoin NEARUSDTM	4.5180	0.0100	get 0.0100% / 8h	5h 09m	$55.5M	$45.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bulk. 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 BulkbpFee KuCoinbpOrdersPrice spread, now −0.630%Rate

Funding earned: $0
Price spread: −0.630% → +0.024%: −$65.41
Slippage, 4 orders: −$36.09
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$120.51
Costs to cover: 0.551%
Break-even: never at this rate

Slippage from Bulk: live order book, 54 min ago; KuCoin: live order book, 9 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 Bulk live order book, 54 min ago	11.45 bp	15.0 bp −$15	15.0 bp −$150	26.3 bp −$2,628	54.7 bp −$27.4K
Sell KuCoin live order book, 9 min ago	2.19 bp	10.1 bp −$10	28.8 bp −$288	100.4 bp −$10.0K	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	4.5264	−0.446%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.5256	−0.463%	$2.2M	$15.6M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.5341	−0.276%	$112K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.5355	−0.245%	$519K	$21.3M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.5284	−0.401%	$169K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−8.922%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.5340	−0.278%	$114K	$513K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.5369	−0.214%	$432K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.5210	−0.563%	$276.9M	$1.11B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.5220	−0.542%	$226.6M	$425.3M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.5210	−0.564%	$65.1M	$307.4M	50x	as long as short
Bulk NEAR-USDlong	+0.0100%	1h	4.5467	long leg	$259K	−$0	10x
Gate NEAR_USDT	+0.0100%	8h	4.5165	−0.663%	$32.8M	$64.7M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.5150	−0.696%	$77.0M	$147.9M	200x	as long as short
KuCoin NEARUSDTMshort	+0.0100%	8h	4.5180	−0.630%	$55.5M	$45.6M	75x
Bitget NEARUSDT	+0.0100%	8h	4.5227	−0.527%	$74.4M	$129.8M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.5190	−0.608%	—	$146.9M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.5696	+0.505%	$8.8M	$18.3M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.5692	+0.496%	$274K	$974K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.5655	+0.413%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.5670	+0.448%	$176K	$796K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.5339	−0.280%	$222K	$3.8M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.5268	−0.437%	$58K	$237K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.5350	−0.256%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.5270	−0.432%	$8K	$54K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.5300	−0.366%	$467K	$4.1M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.5240	−0.498%	$3.8M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.5319	−0.325%	$33K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.5300	−0.366%	$211K	$40K	3x	as long as short
Extended NEAR-USD	+0.0144%	1h	4.5097	−0.813%	$4.2M	$19.3M	25x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.5590	+0.272%	$14.1M	$34.1M	75x	as long as short
Aster NEARUSDT	+0.0305%	8h	4.5217	−0.549%	$3.1M	$5.5M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0361% / S −0.0250%	1h	4.5276	−0.420%	$274K	—	100x	as long as short
01 Exchange NEARUSD	+0.0392%	1h	4.5348	−0.261%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0407%	1h	4.5309	−0.345%	$2.0M	$3.2M	10x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.5380	−0.190%	$220K	$1.7M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0479%	1h	4.5307	−0.351%	$2.0M	$4.5M	25x	as long as short
Backpack NEAR_USDC_PERP	+0.0574%	1h	4.5228	−0.525%	$1.4M	$6.7M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0680%	1h	4.5280	−0.410%	$8.4M	$41.3M	50x	as long as short
Lighter RH NEAR	+0.0720%	1h	4.5320	−0.322%	$1.6M	$7.2M	10x	as long as short
Hyperliquid NEAR	+0.0810%	1h	4.5288	−0.393%	$379.0M	$320.9M	10x	as long as short
Phoenix NEAR	+0.0855%	1h	4.5621	+0.340%	$1.9M	$2.7M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.5375	−0.201%	$575K	$1.4M	10x	as long as short
Lighter NEAR	+0.1152%	1h	4.5327	−0.306%	$18.2M	$26.9M	15x	as long as short
Aftermath Perps NEARUSD	+0.1599%	1h	4.5449	−0.038%	$6K	$12K	10x	as long as short