Funding arb · Price arb /

NEAR

all NEAR markets

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: BingX against KuCoin0.000%7-day average −0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$620.616% of the position

Long on KuCoin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.051%−$5 on $10k

Price spread, last 7 days+0.014%+$1 · spread now 0.000%, 7d avg −0.025%

Together, before fees−0.038%−$4 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: BingX is 0.025% dearer against KuCoin than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NEARUSDTM	4.2790	0.0100	pay 0.0100% / 8h	7h 30m	$56.1M	$42.9M	75x
Short	BingX NEAR-USDC	4.2790	0.0100	get 0.0100% / 8h	7h 30m	—	$6.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.025%: $2.5
Slippage, 4 orders: −$39.62
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$59.12
Costs to cover: 0.616%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; BingX: live order book, 7 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, 4 min ago	2.36 bp	16.2 bp −$16	38.8 bp −$388	104.9 bp −$10.5K	doesn't fit
Sell BingX live order book, 7 min ago	2.36 bp	14.5 bp −$15	26.8 bp −$268	65.4 bp −$6,543	472.4 bp −$236.2K

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	4.2733	−0.133%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0132%	1h	4.2767	−0.053%	$7.2M	$37.4M	50x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.2652	−0.323%	$2.2M	$12.9M	50x	as long as short
Bybit NEARUSDT	−0.0067%	8h	4.2790	0.000%	$216.1M	$415.9M	75x	as long as short
01 Exchange NEARUSD	−0.0024%	1h	4.2709	−0.189%	$13K	$7K	10x	as long as short
Variational Omni NEAR	−0.0005%	8h	4.2608	−0.424%	$8.0M	$18.7M	—	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2632	−0.368%	$110K	$64K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2703	−0.203%	$426K	$18.5M	2.2x	as long as short
Gate NEAR_USDT	+0.0001%	8h	4.2789	−0.002%	$30.7M	$59.4M	75x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2761	−0.067%	$203K	—	150x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.225%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2700	−0.210%	$112K	$479K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0098%	8h	4.2782	−0.019%	$57K	$193K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0099%	8h	4.2641	−0.347%	$31K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2810	+0.047%	$3.0M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.2651	−0.324%	$399K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2800	+0.023%	$253.4M	$1.06B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2770	−0.047%	$60.1M	$278.4M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2700	−0.210%	$196K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2709	−0.188%	$243K	−$0	10x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2790	0.000%	$77.5M	$140.1M	200x	as long as short
KuCoin NEARUSDTMlong	+0.0100%	8h	4.2790	long leg	$56.1M	$42.9M	75x
Bitget NEARUSDT	+0.0100%	8h	4.2779	−0.026%	$70.9M	$124.5M	75x	as long as short
BingX NEAR-USDCshort	+0.0100%	8h	4.2790	0.000%	—	$6.6M	—
edgeX NEARUSDC	+0.0100%	4h	4.2143	−1.513%	$261K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2147	−1.503%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2320	−1.098%	$177K	$788K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2741	−0.115%	$204K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2800	+0.023%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2766	−0.056%	$5K	$52K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.2750	−0.093%	$458K	$3.6M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2790	0.000%	$3.8M	$8.6M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2765	−0.058%	$3.8M	$17.0M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2760	−0.070%	$199K	$28K	3x	as long as short
Hyperliquid NEAR	+0.0155%	1h	4.2835	+0.105%	$358.8M	$304.2M	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2620	−0.397%	$12.9M	$28.1M	75x	as long as short
Lighter RH NEAR	+0.0368%	1h	4.2826	+0.084%	$1.6M	$6.9M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0372% / S −0.0306%	1h	4.2760	−0.070%	$272K	—	100x	as long as short
Backpack NEAR_USDC_PERP	+0.0395%	1h	4.2857	+0.157%	$1.4M	$5.8M	20x	as long as short
RISEx NEAR/USDC	+0.0428%	1h	4.2721	−0.160%	$405K	$1.2M	10x	as long as short
Nado NEAR-PERP	+0.0475%	1h	4.2727	−0.148%	$1.9M	$3.2M	10x	as long as short
Phoenix NEAR	+0.0499%	1h	4.2201	−1.376%	$1.7M	$2.7M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0615%	1h	4.2813	+0.054%	$1.9M	$3.3M	25x	as long as short
Aftermath Perps NEARUSD	+0.1319%	1h	4.2572	−0.511%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1912%	1h	4.2899	+0.255%	$17.1M	$24.2M	15x	as long as short