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

NEAR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.036%
Price spread now: BloFin against KuCoin+0.046%65s7-day average −0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$560.555% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.230%+$23 on $10k
Price spread, last 4 days (all we have)+0.210%+$21 · spread now +0.046%, 7d avg −0.025%
Together, before fees+0.441%+$44 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.071% dearer against KuCoin than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.025%. The two prices were read 65 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin NEARUSDTM4.35500.0100pay 0.0100% / 8h3h 47m$54.2M$46.1M75x
ShortBloFin NEAR-USDT4.35700.0220get 0.0220% / 8h3h 47m$13.8M$32.3M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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

Funding earned
$25.2
Price spread: +0.046% → −0.025%
$7.13
Slippage, 4 orders
−$31.51
Fee KuCoin: 6 bp × 2 orders
−$12
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$23.18
Costs to cover
0.555%
Break-even
13.4 days
Slippage from KuCoin: live order book, 6 min ago; BloFin: live order book, 6 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 KuCoin live order book, 6 min ago2.29 bp15.5 bp −$1637.9 bp −$379108.0 bp −$10.8Kdoesn't fit
Sell BloFin live order book, 6 min ago5.72 bp11.7 bp −$1215.4 bp −$15434.4 bp −$3,44290.3 bp −$45.2K

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%1h4.3558+0.018%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.3569+0.043%$107K$69K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.3503−0.108%$163K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−4.914%$578$301K12xas long as short
Coinbase International NEAR-PERP-INTX+0.0056%1h4.3594+0.101%$2.3M$15.9M50xas long as short
Popdex NEARUSDT+0.0096%1h4.3570+0.046%$108K$501K50xas long as short
Binance NEARUSDT+0.0100%8h4.3510−0.092%$267.5M$1.09B75xas long as short
Bybit NEARUSDT+0.0100%8h4.3463−0.200%$218.7M$424.3M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.3480−0.161%$62.1M$291.8M50xas long as short
Bulk NEAR-USD+0.0100%1h4.3771+0.508%$249K−$010xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate NEAR_USDT+0.0100%8h4.3514−0.083%$31.8M$60.5M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.35500.000%$73.9M$143.7M200xas long as short
KuCoin NEARUSDTMlong+0.0100%8h4.3550long leg$54.2M$46.1M75x
Bitget NEARUSDT+0.0100%8h4.3467−0.191%$71.3M$128.9M75xas long as short
BingX NEAR-USDT+0.0100%8h4.3520−0.069%$146.1Mas long as short
Variational Omni NEAR+0.0100%8h4.3497−0.121%$8.4M$18.0Mas long as short
edgeX NEARUSDC+0.0100%4h4.3582+0.074%$255K$948K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.3520−0.069%$1.4M$1.5M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.3560+0.023%$167K$801K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.3607+0.131%$245K$3.8M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.3543−0.016%$56K$245K20xas long as short
SunX NEAR-USDT+0.0100%8h4.3670+0.276%$2K$1.4M20xas long as short
HTX NEAR-USDT+0.0100%8h4.3670+0.276%$457K$4.0M75xas long as short
Phemex NEARUSDT+0.0100%8h4.3580+0.069%$3.7M$8.3M50xas long as short
Paradex NEAR-USD-PERP+0.0101%8h4.3575+0.056%$31K$60810xas long as short
Aevo NEAR-PERP+0.0104%1h4.3553+0.008%$202K$40K3xas long as short
Kalshi KXNEARPERP+0.0127%8h4.3589+0.090%$581K$22.7M2.2xas long as short
BloFin NEAR-USDTshort+0.0220%8h4.3570+0.046%$13.8M$32.3M75x
Pacifica NEAR+0.0263%1h4.3621+0.162%$414K$1.2M10xas long as short
Aster NEARUSDT+0.0309%8h4.35500.000%$2.9M$5.6M50xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0319% / S −0.0191%1h4.3507−0.099%$231K100xas long as short
SoDEX NEAR-USD+0.0394%1h4.3517−0.076%$8K$52K10xas long as short
01 Exchange NEARUSD+0.0512%1h4.3597+0.108%$13K$7K10xas long as short
Backpack NEAR_USDC_PERP+0.0523%1h4.3533−0.039%$1.4M$6.5M20xas long as short
Hyperliquid NEAR+0.0601%1h4.3562+0.028%$358.6M$318.6M10xas long as short
Arcus NEAR-USD+0.0627%1h4.3610+0.138%$214K$1.6M10xas long as short
Extended NEAR-USD+0.0648%1h4.3452−0.224%$3.9M$19.7M25xas long as short
Nado NEAR-PERP+0.0681%1h4.3566+0.036%$1.9M$3.1M10xas long as short
Kraken Futures PF_NEARUSD+0.0708%1h4.3530−0.045%$7.7M$39.7M50xas long as short
Lighter RH NEAR+0.0936%1h4.3595+0.103%$1.5M$7.3M10xas long as short
Phoenix NEAR+0.0941%1h4.3617+0.154%$1.8M$2.8M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0945%1h4.3554+0.009%$1.9M$8.2M25xas long as short
RISEx NEAR/USDC+0.1162%1h4.3617+0.153%$596K$1.4M10xas long as short
Lighter NEAR+0.1224%1h4.3604+0.123%$17.6M$24.8M15xas long as short
Aftermath Perps NEARUSD+0.1637%1h4.3606+0.130%$5K$12K10xas long as short