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 GRVT+0.184%68s7-day average +0.007% · 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—prices read too far apart to compare

costs, in and out, $10k−$490.488% of the position

Long on GRVT 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−0.211%−$21 · spread now +0.184%, 7d avg +0.007%

Together, before fees−0.246%+ Points / potential airdropGRVT: Active · farm board−$25 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 0.177% dearer against GRVT than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of +0.007%. The two prices were read 68 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT NEAR_USDT_Perp	4.3520	0.0100	pay 0.0100% / 8h	3h 48m	$1.4M	$1.5M	10x
Short	KuCoin NEARUSDTM	4.3600	0.0100	get 0.0100% / 8h	3h 48m	$54.3M	$46.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against GRVT. 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 GRVTbpFee KuCoinbpOrdersPrice spread, now +0.184%Rate

Funding earned: $0
Price spread: +0.184% → +0.007%: $17.68
Slippage, 4 orders: −$27.77
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$31.09
Costs to cover: 0.488%
Break-even: never at this rate

Slippage from GRVT: live order book, 5 min ago; KuCoin: live order book, 6 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 GRVT live order book, 5 min ago	1.15 bp	10.9 bp −$11	22.6 bp −$226	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	2.29 bp	16.6 bp −$17	25.7 bp −$257	92.5 bp −$9,248	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	4.3558	+0.087%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3569	+0.112%	$107K	$69K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3484	−0.083%	$581K	$22.7M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3503	−0.039%	$163K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.848%	$578	$301K	12x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0056%	1h	4.3594	+0.170%	$2.3M	$15.9M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3570	+0.115%	$108K	$501K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3560	+0.092%	$267.8M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3510	−0.023%	$218.9M	$424.4M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3510	−0.023%	$62.1M	$292.0M	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bulk NEAR-USD	+0.0100%	1h	4.3771	+0.577%	$249K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3539	+0.044%	$31.9M	$60.5M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3590	+0.161%	$74.0M	$143.7M	200x	as long as short
KuCoin NEARUSDTMshort	+0.0100%	8h	4.3600	+0.184%	$54.3M	$46.1M	75x
Bitget NEARUSDT	+0.0100%	8h	4.3509	−0.025%	$71.4M	$128.9M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3520	0.000%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3497	−0.052%	$8.4M	$18.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3582	+0.143%	$255K	$948K	20x	as long as short
GRVT NEAR_USDT_Perplong	+0.0100%	8h	4.3520	long leg	$1.4M	$1.5M	10x
ApeX Omni NEARUSDT	+0.0100%	1h	4.3560	+0.092%	$167K	$801K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3607	+0.200%	$245K	$3.8M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3543	+0.053%	$56K	$245K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3670	+0.345%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3540	+0.046%	$455K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3610	+0.207%	$3.7M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3575	+0.125%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3553	+0.077%	$202K	$40K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3570	+0.115%	$13.8M	$32.3M	75x	as long as short
Pacifica NEAR	+0.0263%	1h	4.3621	+0.232%	$414K	$1.2M	10x	as long as short
Aster NEARUSDT	+0.0309%	8h	4.3581	+0.139%	$2.9M	$5.6M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0319% / S −0.0191%	1h	4.3507	−0.030%	$231K	—	100x	as long as short
SoDEX NEAR-USD	+0.0394%	1h	4.3517	−0.007%	$8K	$52K	10x	as long as short
01 Exchange NEARUSD	+0.0512%	1h	4.3597	+0.177%	$13K	$7K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0525%	1h	4.3579	+0.136%	$1.4M	$6.5M	20x	as long as short
Hyperliquid NEAR	+0.0605%	1h	4.3626	+0.244%	$359.1M	$318.6M	10x	as long as short
Arcus NEAR-USD	+0.0627%	1h	4.3610	+0.207%	$214K	$1.6M	10x	as long as short
Extended NEAR-USD	+0.0648%	1h	4.3501	−0.044%	$3.9M	$19.7M	25x	as long as short
Nado NEAR-PERP	+0.0681%	1h	4.3566	+0.105%	$1.9M	$3.1M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0708%	1h	4.3530	+0.023%	$7.7M	$39.7M	50x	as long as short
Lighter RH NEAR	+0.0920%	1h	4.3670	+0.345%	$1.5M	$7.3M	10x	as long as short
Phoenix NEAR	+0.0941%	1h	4.3617	+0.223%	$1.8M	$2.8M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0945%	1h	4.3554	+0.078%	$1.9M	$8.2M	25x	as long as short
RISEx NEAR/USDC	+0.1162%	1h	4.3617	+0.222%	$596K	$1.4M	10x	as long as short
Lighter NEAR	+0.1224%	1h	4.3689	+0.387%	$17.6M	$24.8M	15x	as long as short
Aftermath Perps NEARUSD	+0.1637%	1h	4.3606	+0.199%	$5K	$12K	10x	as long as short