Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.131%

Price spread now: Arcus against KuCoin+0.046%7-day average +0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$540.540% of the position

Long on KuCoin Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.312%+$31 on $10k

Price spread, last 7 days−0.057%−$6 · spread now +0.046%, 7d avg +0.014%

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: Arcus is 0.032% dearer against KuCoin than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NEARUSDTM	4.3050	0.0100	pay 0.0100% / 8h	6h 42m	$55.4M	$42.7M	75x
Short	Arcus NEAR-USD	4.3070	0.0100	get 0.0013% / 1h	42m 24s	$204K	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now +0.046%Rate

Funding earned: $0
Price spread: +0.046% → +0.014%: $3.22
Slippage, 4 orders: −$37.45
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$50.73
Costs to cover: 0.540%
Break-even: never at this rate

Slippage from KuCoin: live order book, 12 min ago; Arcus: 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 KuCoin live order book, 12 min ago	1.16 bp	15.5 bp −$16	35.2 bp −$352	95.9 bp −$9,594	doesn't fit
Sell Arcus live order book, 2 min ago	3.47 bp	5.7 bp −$6	11.4 bp −$114	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	−0.077%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0064%	1h	4.3217	+0.388%	$2.1M	$13.5M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3024	−0.061%	$107K	$69K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3228	+0.413%	$558K	$19.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3038	−0.029%	$200K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.810%	$578	$302K	12x	as long as short
Variational Omni NEAR	+0.0040%	8h	4.3438	+0.902%	$8.2M	$19.1M	—	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3010	−0.093%	$115K	$477K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.3084	+0.079%	$57K	$161K	20x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.3040	−0.023%	$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	−0.100%	$407K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3049	−0.001%	$257.7M	$1.06B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3040	−0.023%	$218.9M	$419.4M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3050	0.000%	$60.8M	$278.6M	50x	as long as short
Arcus NEAR-USDshort	+0.0100%	1h	4.3070	+0.046%	$204K	$1.8M	10x
Bulk NEAR-USD	+0.0100%	1h	4.3300	+0.581%	$247K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3021	−0.067%	$30.9M	$60.4M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3040	−0.023%	$75.6M	$137.6M	200x	as long as short
KuCoin NEARUSDTMlong	+0.0100%	8h	4.3050	long leg	$55.4M	$42.7M	75x
Bitget NEARUSDT	+0.0100%	8h	4.3039	−0.026%	$71.3M	$123.5M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3040	−0.023%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3320	+0.626%	$260K	$1.0M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3386	+0.780%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3310	+0.604%	$179K	$778K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3031	−0.044%	$214K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3270	+0.511%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3175	+0.290%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3280	+0.534%	$441K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3210	+0.372%	$3.8M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2947	−0.240%	$31K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2983	−0.156%	$3.8M	$17.4M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3069	+0.045%	$201K	$34K	3x	as long as short
Kraken Futures PF_NEARUSD	+0.0219%	1h	4.3210	+0.372%	$7.9M	$40.0M	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3220	+0.395%	$13.2M	$27.6M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0358% / S −0.0277%	1h	4.3027	−0.053%	$258K	—	100x	as long as short
01 Exchange NEARUSD	+0.0384%	1h	4.3051	+0.002%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0436%	1h	4.3015	−0.081%	$1.9M	$3.0M	10x	as long as short
RISEx NEAR/USDC	+0.0509%	1h	4.3067	+0.040%	$536K	$1.3M	10x	as long as short
Phoenix NEAR	+0.0592%	1h	4.3533	+1.122%	$1.8M	$2.6M	10x	as long as short
Lighter RH NEAR	+0.0664%	1h	4.3103	+0.123%	$1.6M	$6.9M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0677%	1h	4.3182	+0.307%	$1.9M	$4.1M	25x	as long as short
Hyperliquid NEAR	+0.0775%	1h	4.3098	+0.111%	$362.6M	$305.5M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0823%	1h	4.3223	+0.402%	$1.4M	$6.0M	20x	as long as short
Lighter NEAR	+0.1448%	1h	4.3094	+0.101%	$17.2M	$24.6M	15x	as long as short
Aftermath Perps NEARUSD	+0.1475%	1h	4.3205	+0.360%	$5K	$12K	10x	as long as short