Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bulk against KuCoin−0.011%57s7-day average −0.020% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$610.610% of the position

Long on KuCoin Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.006%−$1 on $10k

Price spread, last 4 days (all we have)+0.066%+$7 · spread now −0.011%, 7d avg −0.020%

Together, before fees+0.060%+$6 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NEARUSDTM	4.3560	0.0100	pay 0.0100% / 8h	5h 57m	$53.8M	$43.8M	75x
Short	Bulk NEAR-USD	4.3555	0.0100	get 0.0013% / 1h	57m 44s	$248K	−$0	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now −0.011%Rate

Funding earned: $0
Price spread: −0.011% → −0.020%: $0.84
Slippage, 4 orders: −$41.98
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$60.14
Costs to cover: 0.610%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; Bulk: 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 KuCoin live order book, 6 min ago	1.14 bp	14.8 bp −$15	31.4 bp −$314	94.2 bp −$9,423	doesn't fit
Sell Bulk live order book, 6 min ago	11.45 bp	15.0 bp −$15	15.0 bp −$150	35.6 bp −$3,556	59.8 bp −$29.9K

NEAR on 44 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	4.3605	+0.102%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.3574	+0.032%	$2.2M	$14.1M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3547	−0.031%	$107K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3643	+0.191%	$555K	$19.4M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3625	+0.149%	$197K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.936%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3620	+0.138%	$114K	$489K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3569	+0.020%	$411K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3570	+0.023%	$264.3M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3524	−0.083%	$219.6M	$416.7M	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3480	−0.184%	$62.1M	$287.2M	50x	as long as short
Bulk NEAR-USDshort	+0.0100%	1h	4.3555	−0.011%	$248K	−$0	10x
Gate NEAR_USDT	+0.0100%	8h	4.3615	+0.126%	$31.4M	$61.4M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3540	−0.046%	$75.7M	$139.3M	200x	as long as short
KuCoin NEARUSDTMlong	+0.0100%	8h	4.3560	long leg	$53.8M	$43.8M	75x
Bitget NEARUSDT	+0.0100%	8h	4.3502	−0.133%	$71.4M	$126.0M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3630	+0.161%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3517	−0.098%	$8.4M	$18.3M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3545	−0.035%	$269K	$1.0M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3541	−0.045%	$1.4M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3520	−0.092%	$194K	$778K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3642	+0.188%	$202K	$3.6M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3652	+0.211%	$60K	$190K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3660	+0.230%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3645	+0.195%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3680	+0.275%	$456K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3630	+0.161%	$3.8M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3503	−0.131%	$31K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3583	+0.052%	$3.8M	$18.6M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3661	+0.231%	$203K	$34K	3x	as long as short
Aster NEARUSDT	+0.0184%	8h	4.3609	+0.112%	$3.0M	$5.5M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0348% / S −0.0243%	1h	4.3628	+0.155%	$255K	—	100x	as long as short
01 Exchange NEARUSD	+0.0392%	1h	4.3660	+0.230%	$13K	$7K	10x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.3560	0.000%	$207K	$1.7M	10x	as long as short
Nado NEAR-PERP	+0.0519%	1h	4.3611	+0.117%	$1.9M	$3.1M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0552%	1h	4.3666	+0.243%	$1.9M	$4.3M	25x	as long as short
Phoenix NEAR	+0.0592%	1h	4.3584	+0.055%	$1.8M	$2.5M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0607%	1h	4.3665	+0.241%	$1.5M	$6.3M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0705%	1h	4.3674	+0.262%	$8.2M	$41.1M	50x	as long as short
Hyperliquid NEAR	+0.0726%	1h	4.3633	+0.168%	$367.3M	$306.3M	10x	as long as short
Lighter RH NEAR	+0.0920%	1h	4.3628	+0.156%	$1.6M	$6.9M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.3652	+0.211%	$550K	$1.3M	10x	as long as short
Lighter NEAR	+0.1344%	1h	4.3642	+0.187%	$17.4M	$25.5M	15x	as long as short
Aftermath Perps NEARUSD	+0.1705%	1h	4.3683	+0.282%	$5K	$12K	10x	as long as short