Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: edgeX against KuCoin−0.409%83s7-day average −0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$57as in the Funding arb table

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

costs, in and out, $10k−$600.604% of the position

Long on KuCoin Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.035%+$4 on $10k

Price spread, last 7 days+0.374%+$37 · spread now −0.409%, 7d avg −0.026%

Together, before fees+0.410%+ Points / potential airdropedgeX: Active · farm board+$41 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: edgeX is 0.383% cheaper against KuCoin than usual: you would sell low and buy high, −$38 on $10k if it goes back to its 7-day average of −0.026%. The two prices were read 83 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NEARUSDTM	4.4440	0.0100	pay 0.0100% / 8h	1h 53m	$53.5M	$45.9M	75x
Short	edgeX NEARUSDC	4.4258	0.0100	get 0.0050% / 4h	1h 53m	$258K	$962K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.409%Rate

Funding earned: $0
Price spread: −0.409% → −0.026%: −$38.32
Slippage, 4 orders: −$39.42
Fee KuCoin: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$98.74
Costs to cover: 0.604%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; edgeX: live order book, 45 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	2.25 bp	16.3 bp −$16	27.0 bp −$270	98.7 bp −$9,874	doesn't fit
Sell edgeX live order book, 45 min ago	6.99 bp	11.9 bp −$12	26.2 bp −$262	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	4.4418	−0.049%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4412	−0.062%	$109K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4349	−0.204%	$167K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.818%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4450	+0.023%	$114K	$493K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4350	−0.203%	$226.6M	$424.1M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4360	−0.180%	$62.6M	$295.1M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4419	−0.046%	$253K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4410	−0.068%	$34.4M	$59.5M	75x	as long as short
KuCoin NEARUSDTMlong	+0.0100%	8h	4.4440	long leg	$53.5M	$45.9M	75x

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NEARUSDT	+0.0100%	8h	4.4335	−0.236%	$73.2M	$126.1M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4407	−0.074%	$8.9M	$18.5M	—	as long as short
edgeX NEARUSDCshort	+0.0100%	4h	4.4258	−0.409%	$258K	$962K	20x
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4450	+0.023%	$279K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4408	−0.072%	$58K	$239K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4450	+0.023%	$1K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4500	+0.135%	$465K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4370	−0.158%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0103%	8h	4.4445	+0.010%	$32K	$585	10x	as long as short
GRVT NEAR_USDT_Perp	+0.0120%	8h	4.4390	−0.113%	$1.5M	$1.5M	10x	as long as short
Aevo NEAR-PERP	+0.0120%	1h	4.4422	−0.041%	$207K	$40K	3x	as long as short
SoDEX NEAR-USD	+0.0122%	1h	4.4385	−0.124%	$5K	$52K	10x	as long as short
BingX NEAR-USDC	+0.0154%	8h	4.4350	−0.203%	—	$6.7M	—	as long as short
MEXC NEAR_USDT	+0.0162%	8h	4.4420	−0.045%	$85.5M	$143.7M	200x	as long as short
Binance NEARUSDT	+0.0165%	8h	4.4386	−0.122%	$268.8M	$1.08B	75x	as long as short
BloFin NEAR-USDT	+0.0283%	8h	4.4460	+0.045%	$13.5M	$32.8M	75x	as long as short
Kalshi KXNEARPERP	+0.0302%	8h	4.4455	+0.034%	$1.1M	$24.6M	2.2x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0315% / S −0.0201%	1h	4.4368	−0.162%	$238K	—	100x	as long as short
Aster NEARUSDT	+0.0343%	8h	4.4400	−0.090%	$2.9M	$5.0M	50x	as long as short
Extended NEAR-USD	+0.0392%	1h	4.4363	−0.173%	$3.7M	$19.0M	25x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0424%	1h	4.4452	+0.027%	$2.3M	$16.3M	50x	as long as short
ApeX Omni NEARUSDT	+0.0440%	1h	4.4430	−0.023%	$168K	$803K	50x	as long as short
01 Exchange NEARUSD	+0.0480%	1h	4.4492	+0.117%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0511%	1h	4.4460	+0.045%	$1.7M	$3.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0598%	1h	4.4407	−0.074%	$1.3M	$6.5M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0658%	1h	4.4355	−0.192%	$7.4M	$38.7M	50x	as long as short
Hyperliquid NEAR	+0.0667%	1h	4.4464	+0.054%	$365.8M	$306.5M	10x	as long as short
Lighter NEAR	+0.0840%	1h	4.4437	−0.007%	$17.4M	$24.6M	15x	as long as short
Arcus NEAR-USD	+0.0880%	1h	4.4500	+0.135%	$226K	$1.6M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0900%	1h	4.4417	−0.052%	$1.9M	$12.2M	25x	as long as short
Lighter RH NEAR	+0.1000%	1h	4.4453	+0.029%	$1.5M	$6.6M	10x	as long as short
Phoenix NEAR	+0.1033%	1h	4.4512	+0.162%	$1.8M	$2.5M	10x	as long as short
Pacifica NEAR	+0.1187%	1h	4.4460	+0.045%	$409K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1195%	1h	4.4300	−0.315%	$6K	$12K	10x	as long as short
RISEx NEAR/USDC	+0.1259%	1h	4.4496	+0.125%	$688K	$1.4M	10x	as long as short