Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Aevo against KuCoin−0.048%7-day average −0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$810.814% of the position

Long on KuCoin Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.035%+$3 on $10k

Price spread, last 3 days (all we have)+0.221%+$22 · spread now −0.048%, 7d avg −0.018%

Together, before fees+0.256%+$26 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: Aevo is 0.030% cheaper against KuCoin than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NEARUSDTM	4.3090	0.0100	pay 0.0100% / 8h	6h 42m	$55.4M	$42.7M	75x
Short	Aevo NEAR-PERP	4.3069	0.0104	get 0.0013% / 1h	42m 16s	$201K	$34K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against KuCoin. 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 KuCoinbpFee AevobpOrdersPrice spread, now −0.048%Rate

Funding earned: $0.84
Price spread: −0.048% → −0.018%: −$2.99
Slippage, 4 orders: −$53.37
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$83.52
Costs to cover: 0.814%
Break-even: 703.0 days

Slippage from KuCoin: live order book, 2 min ago; Aevo: live order book, 27 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 KuCoin live order book, 2 min ago	1.16 bp	19.4 bp −$19	41.0 bp −$410	104.6 bp −$10.5K	doesn't fit
Sell Aevo live order book, 27 min ago	10.43 bp	21.1 bp −$21	87.6 bp −$876	doesn't fit	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	4.3017	−0.170%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0064%	1h	4.3068	−0.051%	$2.1M	$13.5M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3024	−0.154%	$107K	$69K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3035	−0.128%	$510K	$19.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3038	−0.122%	$200K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.899%	$578	$302K	12x	as long as short
Variational Omni NEAR	+0.0040%	8h	4.3438	+0.808%	$8.2M	$19.1M	—	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3010	−0.186%	$115K	$477K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.3084	−0.014%	$57K	$161K	20x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.3049	−0.096%	$3.0M	$5.8M	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	4.3007	−0.193%	$407K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3087	−0.006%	$257.9M	$1.06B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3090	0.000%	$219.1M	$419.3M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3120	+0.070%	$60.8M	$279.1M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3070	−0.046%	$204K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3300	+0.487%	$247K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3021	−0.160%	$30.9M	$60.4M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3120	+0.070%	$75.7M	$137.6M	200x	as long as short
KuCoin NEARUSDTMlong	+0.0100%	8h	4.3090	long leg	$55.4M	$42.7M	75x
Bitget NEARUSDT	+0.0100%	8h	4.3084	−0.014%	$71.3M	$123.5M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3110	+0.046%	—	$142.5M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3320	+0.533%	$260K	$1.0M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3386	+0.687%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3310	+0.511%	$179K	$778K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3031	−0.137%	$214K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3150	+0.139%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3055	−0.081%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3060	−0.070%	$438K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3070	−0.046%	$3.8M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2947	−0.332%	$31K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3044	−0.106%	$3.8M	$17.4M	25x	as long as short
Aevo NEAR-PERPshort	+0.0104%	1h	4.3069	−0.048%	$201K	$34K	3x
Kraken Futures PF_NEARUSD	+0.0220%	1h	4.3089	−0.002%	$7.9M	$40.0M	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3220	+0.302%	$13.2M	$27.6M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0358% / S −0.0277%	1h	4.3027	−0.146%	$258K	—	100x	as long as short
01 Exchange NEARUSD	+0.0384%	1h	4.3051	−0.091%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0436%	1h	4.3015	−0.174%	$1.9M	$3.0M	10x	as long as short
RISEx NEAR/USDC	+0.0509%	1h	4.3067	−0.053%	$536K	$1.3M	10x	as long as short
Phoenix NEAR	+0.0592%	1h	4.3533	+1.028%	$1.8M	$2.6M	10x	as long as short
Lighter RH NEAR	+0.0664%	1h	4.3152	+0.144%	$1.6M	$6.9M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0726%	1h	4.3092	+0.005%	$1.9M	$4.1M	25x	as long as short
Hyperliquid NEAR	+0.0775%	1h	4.3098	+0.019%	$362.6M	$305.5M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0792%	1h	4.3143	+0.123%	$1.4M	$6.0M	20x	as long as short
Lighter NEAR	+0.1448%	1h	4.3179	+0.206%	$17.2M	$24.6M	15x	as long as short
Aftermath Perps NEARUSD	+0.1475%	1h	4.3205	+0.266%	$5K	$12K	10x	as long as short