Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.001%

Price spread now: KuCoin against Extended+0.091%7-day average +0.069% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$500.505% of the position

Long on Extended Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$1 on $10k

Price spread, last 7 days−0.124%−$12 · spread now +0.091%, 7d avg +0.069%

Together, before fees−0.139%+ Points / potential airdropExtended: Active · farm board−$14 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 0.022% dearer against Extended than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.069%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended NEAR-USD	4.2821	0.0104	pay 0.0013% / 1h	7m 00s	$4.0M	$14.8M	25x
Short	KuCoin NEARUSDTM	4.2860	0.0100	get 0.0100% / 8h	1h 07m	$56.2M	$43.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Extended. 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 ExtendedbpFee KuCoinbpOrdersPrice spread, now +0.091%Rate

Funding earned: −$0.84
Price spread: +0.091% → +0.069%: $2.19
Slippage, 4 orders: −$33.46
Fee Extended: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$49.11
Costs to cover: 0.505%
Break-even: never at this rate

Slippage from Extended: 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 Extended live order book, 2 min ago	0.12 bp	6.1 bp −$6	14.3 bp −$143	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	2.34 bp	18.1 bp −$18	43.9 bp −$439	113.1 bp −$11.3K	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	4.2713	−0.252%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0032%	1h	4.2837	+0.037%	$2.2M	$13.1M	50x	as long as short
Injective NEAR/USDC PERP	−0.0002%	1h	4.1410	−3.295%	$578	$302K	12x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2631	−0.443%	$111K	$59K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2675	−0.341%	$464K	$18.1M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2800	−0.049%	$207K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0047%	1h	4.2875	+0.127%	$7.8M	$36.2M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2730	−0.212%	$106K	$489K	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2602	−0.512%	$31K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2849	+0.066%	$3.0M	$5.6M	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica NEAR	+0.0100%	1h	4.2646	−0.409%	$397K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2813	−0.018%	$247.3M	$1.06B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.2850	+0.068%	$220.2M	$420.8M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2860	+0.091%	$60.1M	$283.5M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2630	−0.446%	$196K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2317	−1.177%	$241K	$2K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2851	+0.070%	$30.2M	$59.0M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2840	+0.044%	$84.2M	$144.9M	200x	as long as short
KuCoin NEARUSDTMshort	+0.0100%	8h	4.2860	+0.091%	$56.2M	$43.3M	75x
Bitget NEARUSDT	+0.0100%	8h	4.2868	+0.110%	$71.2M	$125.7M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.2850	+0.068%	—	$137.0M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.2299	−1.218%	$7.9M	$17.8M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2295	−1.229%	$247K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2644	−0.414%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2620	−0.469%	$178K	$792K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2766	−0.128%	$232K	$3.2M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2826	+0.012%	$57K	$194K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2830	+0.021%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2840	+0.044%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2840	+0.044%	$3.9M	$8.1M	50x	as long as short
Extended NEAR-USDlong	+0.0104%	1h	4.2821	long leg	$4.0M	$14.8M	25x
Aevo NEAR-PERP	+0.0104%	1h	4.2837	+0.039%	$206K	$62K	3x	as long as short
01 Exchange NEARUSD	+0.0144%	1h	4.2662	−0.371%	$13K	$7K	10x	as long as short
Lighter RH NEAR	+0.0160%	1h	4.2890	+0.161%	$1.5M	$7.0M	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2850	+0.068%	$12.6M	$32.6M	75x	as long as short
RISEx NEAR/USDC	+0.0364%	1h	4.2651	−0.397%	$411K	$1.2M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0390% / S −0.0335%	1h	4.2789	−0.075%	$292K	—	100x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0403%	1h	4.2890	+0.161%	$1.9M	$2.3M	25x	as long as short
Nado NEAR-PERP	+0.0479%	1h	4.2715	−0.247%	$1.9M	$3.5M	10x	as long as short
Phoenix NEAR	+0.0542%	1h	4.2682	−0.325%	$1.8M	$2.7M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0549%	1h	4.2896	+0.175%	$1.3M	$5.5M	20x	as long as short
Hyperliquid NEAR	+0.0622%	1h	4.2954	+0.311%	$369.9M	$295.9M	10x	as long as short
HTX NEAR-USDT	+0.0928%	8h	4.3030	+0.488%	$463K	$3.6M	75x	as long as short
Aftermath Perps NEARUSD	+0.0978%	1h	4.2463	−0.836%	$5K	$11K	10x	as long as short
Lighter NEAR	+0.0992%	1h	4.2956	+0.316%	$16.5M	$23.8M	15x	as long as short