Funding you earn now, next payment 12:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.029%
Price spread now: dYdX against KuCoin−0.129%7-day average −0.054% · you buy dearer than you sell
Net, funding: paid 7d − costs−$168as in the Funding arb table
Net, price: spread back to 7d avg − costs−$158as in the Price arb table
costs, in and out, $10k−$1511.506% of the position
Funding, last 7 days−0.178%−$18 on $10k
+Price spread, last 4 days (all we have)−0.110%−$11 · spread now −0.129%, 7d avg −0.054%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.075% cheaper against KuCoin than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.054%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin NEARUSDTM | 4.5220 | 0.0100 | pay 0.0100% / 8h | 4h 47m | $54.4M | $44.1M | 75x |
| Short | dYdX NEAR-USD | 4.5162 | 0 | get 0.0000% / 1h | 47m 14s | $111K | $53K | 10x |
KuCoin NEARUSDTM
dYdX NEAR-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX against KuCoin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$21
- Price spread: −0.129% → −0.054%
- −$7.46
- Slippage, 4 orders
- −$128.6
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$179.06
- Costs to cover
- 1.506%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 5 min ago; dYdX: live order book, 60 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, 5 min ago | 1.12 bp | 18.7 bp −$19 | 33.7 bp −$337 | 96.3 bp −$9,630 | doesn't fit |
| Sell dYdX live order book, 60 min ago | 28.98 bp | 84.7 bp −$85 | 123.8 bp −$1,238 | 143.7 bp −$14.4K | 190.7 bp −$95.4K |
NEAR on 45 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_NEARUSD | −0.0377% | 1h | 4.5196 | −0.052% | $7.3M | $37.1M | 50x | as long as short |
| Reya NEARRUSDPERP | −0.0171% | 1h | 4.5198 | −0.048% | $2K | — | 20x | as long as short |
| dYdX NEAR-USDshort | 0.0000% | 1h | 4.5162 | −0.129% | $111K | $53K | 10x | |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.5282 | +0.137% | $925K | $26.5M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.5195 | −0.056% | $169K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −8.425% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.5240 | +0.044% | $125K | $511K | 50x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.5220 | 0.000% | $2.7M | $5.0M | 50x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.5230 | +0.022% | $273.2M | $1.08B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.5095 | −0.276% | $231.5M | $429.7M | 75x | as long as short |
Kraken Futures PF_NEARUSD
Reya NEARRUSDPERP
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Aster NEARUSDT
Binance NEARUSDT
Bybit NEARUSDTShow all 45 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.5090 | −0.287% | $64.3M | $302.4M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.4850 | −0.818% | $276K | $24K | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.5206 | −0.031% | $41.4M | $61.8M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.5180 | −0.088% | $75.9M | $169.1M | 200x | as long as short |
| KuCoin NEARUSDTMlong | +0.0100% | 8h | 4.5220 | long leg | $54.4M | $44.1M | 75x | |
| Bitget NEARUSDT | +0.0100% | 8h | 4.5074 | −0.323% | $75.0M | $127.4M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.5100 | −0.265% | — | $74.4M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.4723 | −1.099% | $8.7M | $15.7M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.4858 | −0.800% | $266K | $865K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.4840 | −0.840% | $1.5M | $1.9M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.4840 | −0.840% | $168K | $810K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.5235 | +0.033% | $190K | $4.2M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.5217 | −0.007% | $56K | $273K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.5290 | +0.155% | $2K | $1.3M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.5205 | −0.033% | $5K | $34K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.5250 | +0.066% | $467K | $3.7M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.5200 | −0.044% | $3.4M | $8.3M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.5230 | +0.021% | $33K | $389 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.5180 | −0.089% | $3.7M | $15.0M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.5182 | −0.084% | $210K | $38K | 3x | as long as short |
| Lighter RH NEAR | +0.0144% | 1h | 4.5254 | +0.075% | $1.6M | $5.7M | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0191% / S −0.0033% | 1h | 4.5198 | −0.049% | $243K | — | 100x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.5240 | +0.044% | $12.8M | $32.7M | 75x | as long as short |
| 01 Exchange NEARUSD | +0.0232% | 1h | 4.5281 | +0.135% | $13K | $4K | 10x | as long as short |
| Hyperliquid NEAR | +0.0246% | 1h | 4.5255 | +0.077% | $363.7M | $312.7M | 10x | as long as short |
| Arcus NEAR-USD | +0.0253% | 1h | 4.5280 | +0.133% | $228K | $1.4M | 10x | as long as short |
| Lighter NEAR | +0.0264% | 1h | 4.5243 | +0.050% | $17.1M | $24.7M | 15x | as long as short |
| Nado NEAR-PERP | +0.0418% | 1h | 4.5240 | +0.044% | $1.8M | $3.1M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0478% | 1h | 4.5262 | +0.093% | $647K | $1.6M | 10x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0544% | 1h | 4.5285 | +0.144% | $2.4M | $17.7M | 50x | as long as short |
| Pacifica NEAR | +0.0687% | 1h | 4.5198 | −0.048% | $425K | $1.3M | 10x | as long as short |
| Phoenix NEAR | +0.0733% | 1h | 4.5001 | −0.484% | $1.7M | $2.6M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0766% | 1h | 4.5139 | −0.179% | $1.1M | $7.2M | 20x | as long as short |
| Aftermath Perps NEARUSD | +0.0898% | 1h | 4.4946 | −0.606% | $6K | $6K | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0989% | 1h | 4.5254 | +0.075% | $1.9M | $13.0M | 25x | as long as short |
OKX NEAR-USDT-SWAP
Bulk NEAR-USD
Gate NEAR_USDT
MEXC NEAR_USDT
Bitget NEARUSDT
BingX NEAR-USDT
Variational Omni NEAR
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
SoDEX NEAR-USD
HTX NEAR-USDT
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Extended NEAR-USD
Aevo NEAR-PERP
Lighter RH NEAR
GMX NEAR/USD [ETH-USDC]
BloFin NEAR-USDT
01 Exchange NEARUSD
Hyperliquid NEAR
Arcus NEAR-USD
Lighter NEAR
Nado NEAR-PERP
RISEx NEAR/USDC
Coinbase International NEAR-PERP-INTX
Pacifica NEAR
Phoenix NEAR
Backpack NEAR_USDC_PERP
Aftermath Perps NEARUSD
Deribit NEAR_USDC-PERPETUAL