Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: KuCoin against edgeX−0.474%7-day average +0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs−$118as in the Price arb table

costs, in and out, $10k−$680.681% of the position

Long on edgeX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.035%−$4 on $10k

Price spread, last 7 days+0.529%+$53 · spread now −0.474%, 7d avg +0.028%

Together, before fees+0.494%+ Points / potential airdropedgeX: Active · farm board+$49 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 0.502% cheaper against edgeX than usual: you would sell low and buy high, −$50 on $10k if it goes back to its 7-day average of +0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX NEARUSDC	4.4270	0.0100	pay 0.0050% / 4h	14m 57s	$266K	$980K	20x
Short	KuCoin NEARUSDTM	4.4060	0.0100	get 0.0100% / 8h	4h 14m	$54.6M	$46.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against edgeX. 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 edgeXbpFee KuCoinbpOrdersPrice spread, now −0.474%Rate

Funding earned: $0
Price spread: −0.474% → +0.028%: −$50.24
Slippage, 4 orders: −$47.1
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$118.34
Costs to cover: 0.681%
Break-even: never at this rate

Slippage from edgeX: live order book, 34 min ago; KuCoin: live order book, 4 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 edgeX live order book, 34 min ago	10.08 bp	14.9 bp −$15	33.0 bp −$330	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	2.26 bp	20.0 bp −$20	37.0 bp −$370	101.6 bp −$10.2K	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	4.4012	−0.584%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0008%	1h	4.4070	−0.452%	$2.2M	$15.5M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4104	−0.374%	$109K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4131	−0.314%	$619K	$22.3M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4149	−0.274%	$165K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.460%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4110	−0.361%	$113K	$519K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4133	−0.309%	$419K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4089	−0.408%	$271.2M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4037	−0.526%	$221.7M	$425.0M	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	4.4030	−0.542%	$62.8M	$299.1M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4098	−0.388%	$251K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4050	−0.497%	$32.1M	$64.2M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4060	−0.474%	$74.5M	$150.0M	200x	as long as short
KuCoin NEARUSDTMshort	+0.0100%	8h	4.4060	−0.474%	$54.6M	$46.2M	75x
Bitget NEARUSDT	+0.0100%	8h	4.4038	−0.524%	$72.3M	$130.6M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.4060	−0.474%	—	$6.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4137	−0.300%	$8.6M	$18.1M	—	as long as short
edgeX NEARUSDClong	+0.0100%	4h	4.4270	long leg	$266K	$980K	20x
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4260	−0.022%	$1.5M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4210	−0.135%	$170K	$801K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4112	−0.357%	$244K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4154	−0.262%	$56K	$227K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4200	−0.158%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4230	−0.090%	$458K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4160	−0.248%	$3.8M	$8.4M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4116	−0.348%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4123	−0.332%	$205K	$40K	3x	as long as short
SoDEX NEAR-USD	+0.0159%	1h	4.4055	−0.486%	$8K	$52K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4190	−0.181%	$13.8M	$32.9M	75x	as long as short
Aster NEARUSDT	+0.0309%	8h	4.4080	−0.429%	$3.0M	$5.5M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0321% / S −0.0190%	1h	4.4191	−0.179%	$234K	—	100x	as long as short
Backpack NEAR_USDC_PERP	+0.0328%	1h	4.4071	−0.449%	$1.3M	$6.5M	20x	as long as short
01 Exchange NEARUSD	+0.0336%	1h	4.4164	−0.239%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0362%	1h	4.4100	−0.384%	$363.7M	$324.8M	10x	as long as short
Extended NEAR-USD	+0.0416%	1h	4.3997	−0.617%	$3.9M	$19.7M	25x	as long as short
Nado NEAR-PERP	+0.0549%	1h	4.4061	−0.471%	$1.9M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0581%	1h	4.4180	−0.203%	$219K	$1.8M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0589%	1h	4.4088	−0.410%	$8.1M	$39.6M	50x	as long as short
Lighter RH NEAR	+0.0656%	1h	4.4144	−0.284%	$1.5M	$7.2M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0724%	1h	4.4167	−0.233%	$2.0M	$7.3M	25x	as long as short
Phoenix NEAR	+0.0794%	1h	4.4322	+0.118%	$1.8M	$2.8M	10x	as long as short
RISEx NEAR/USDC	+0.0926%	1h	4.4178	−0.208%	$594K	$1.4M	10x	as long as short
Lighter NEAR	+0.0960%	1h	4.4190	−0.180%	$17.8M	$26.5M	15x	as long as short
Aftermath Perps NEARUSD	+0.1574%	1h	4.4184	−0.195%	$5K	$12K	10x	as long as short