Settings8H · net · $10k
Funding arb · Price arb /

NEAR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.029%
Price spread now: KuCoin against gTrade (Gains Network)+0.164%7-day average +0.030% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$290as in the Price arb table
costs, in and out, $10k−$3033.030% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.096%+$10 on $10k
Price spread, last 4 days (all we have)−1.065%−$107 · spread now +0.164%, 7d avg +0.030%
Together, before fees−0.969%−$97 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.134% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.030%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) NEAR/USD4.4307L +0.0004% / S −0.0004%pay 0.0001% / 1h27m 00s$200K150x
ShortKuCoin NEARUSDTM4.43800.0100get 0.0100% / 8h5h 27m$55.6M$44.5M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against gTrade (Gains Network). 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

Funding earned
$20.11
Price spread: +0.164% → +0.030%
$13.39
Slippage, 4 orders
−$280.96
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$269.45
Costs to cover
3.030%
Break-even
100.8 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 37 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
LegHalf-spread$10k$100k$1M$5M
Buy gTrade (Gains Network) virtual book (oracle venue), 37 min ago130.01 bp135.0 bp −$135875.9 bp −$8,7599405.5 bp −$940.5Kdoesn't fit
Sell KuCoin live order book, 2 min ago3.38 bp18.0 bp −$1837.6 bp −$37699.2 bp −$9,920doesn't fit

NEAR on 45 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya NEARRUSDPERP−0.0171%1h4.4264−0.098%$2K20xas long as short
Coinbase International NEAR-PERP-INTX−0.0016%1h4.4300−0.017%$2.2M$14.7M50xas long as short
dYdX NEAR-USD0.0000%1h4.4381+0.165%$109K$70K10xas long as short
Kalshi KXNEARPERP0.0000%8h4.4367+0.135%$572K$20.0M2.2xas long as short
gTrade (Gains Network) NEAR/USDlongL +0.0004% / S −0.0004%1h4.4307long leg$200K150x
Injective NEAR/USDC PERP+0.0033%1h4.1410−6.539%$578$302K12xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0088%1h4.4364+0.128%$1.9M$4.4M25xas long as short
Popdex NEARUSDT+0.0096%1h4.4350+0.096%$116K$490K50xas long as short
Pacifica NEAR+0.0100%1h4.4353+0.103%$419K$1.2M10xas long as short
Binance NEARUSDT+0.0100%8h4.4502+0.438%$270.2M$1.08B75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit NEARUSDT+0.0100%8h4.4530+0.502%$224.0M$418.9M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.4520+0.480%$63.8M$295.4M50xas long as short
Bulk NEAR-USD+0.0100%1h4.4421+0.256%$253K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.4433+0.283%$32.2M$63.0M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.4490+0.412%$76.8M$143.1M200xas long as short
KuCoin NEARUSDTMshort+0.0100%8h4.4380+0.164%$55.6M$44.5M75x
Bitget NEARUSDT+0.0100%8h4.4463+0.351%$73.3M$127.1M75xas long as short
BingX NEAR-USDC+0.0100%8h4.4470+0.367%$6.6Mas long as short
Variational Omni NEAR+0.0100%8h4.4186−0.274%$8.7M$18.2Mas long as short
edgeX NEARUSDC+0.0100%4h4.4398+0.204%$266K$984K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.4397+0.203%$1.5M$1.4M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.4160−0.333%$172K$792K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.4349+0.094%$212K$3.7M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.4298−0.021%$61K$195K20xas long as short
SunX NEAR-USDT+0.0100%8h4.4430+0.277%$2K$1.4M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.4380+0.164%$5K$51K10xas long as short
HTX NEAR-USDT+0.0100%8h4.4510+0.457%$463K$3.9M75xas long as short
Phemex NEARUSDT+0.0100%8h4.4400+0.209%$3.9M$8.1M50xas long as short
Paradex NEAR-USD-PERP+0.0101%8h4.4336+0.064%$32K$60810xas long as short
Extended NEAR-USD+0.0104%1h4.4332+0.054%$3.8M$18.7M25xas long as short
Aevo NEAR-PERP+0.0104%1h4.4354+0.105%$207K$34K3xas long as short
BloFin NEAR-USDT+0.0220%8h4.4420+0.254%$13.7M$31.6M75xas long as short
Aster NEARUSDT+0.0240%8h4.4409+0.230%$3.0M$5.4M50xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0353% / S −0.0246%1h4.4300−0.016%$261K100xas long as short
01 Exchange NEARUSD+0.0368%1h4.4356+0.110%$13K$7K10xas long as short
Nado NEAR-PERP+0.0402%1h4.4280−0.062%$1.9M$3.1M10xas long as short
Arcus NEAR-USD+0.0410%1h4.4390+0.186%$211K$1.7M10xas long as short
Backpack NEAR_USDC_PERP+0.0540%1h4.4498+0.430%$1.4M$6.6M20xas long as short
Kraken Futures PF_NEARUSD+0.0694%1h4.4370+0.141%$8.2M$40.9M50xas long as short
Hyperliquid NEAR+0.0695%1h4.4520+0.480%$370.6M$309.4M10xas long as short
Lighter RH NEAR+0.0696%1h4.4460+0.344%$1.6M$6.9M10xas long as short
Phoenix NEAR+0.0855%1h4.4364+0.128%$1.8M$2.7M10xas long as short
RISEx NEAR/USDC+0.0924%1h4.4386+0.178%$538K$1.3M10xas long as short
Lighter NEAR+0.1272%1h4.4455+0.332%$17.8M$25.9M15xas long as short
Aftermath Perps NEARUSD+0.1660%1h4.4306−0.004%$6K$12K10xas long as short