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% APRnext payment +$0.00 per $10,000 · paid last 24h +0.129%

Price spread now: HTX against KuCoin+0.186%7-day average +0.214% · you sell dearer than you buy

Net, funding: paid 7d − costs−$4as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$640.642% of the position

Long on KuCoin Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.606%+$61 on $10k

Price spread, last 4 days (all we have)+0.432%+$43 · spread now +0.186%, 7d avg +0.214%

Together, before fees+1.038%+$104 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: HTX is 0.028% cheaper against KuCoin than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.214%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NEARUSDTM	4.3020	0.0100	pay 0.0100% / 8h	3h 06m	$53.3M	$45.7M	75x
Short	HTX NEAR-USDT	4.3100	0.0100	get 0.0100% / 8h	3h 06m	$462K	$3.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.186%Rate

Funding earned: $0
Price spread: +0.186% → +0.214%: −$2.78
Slippage, 4 orders: −$40.17
Fee KuCoin: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$66.95
Costs to cover: 0.642%
Break-even: never at this rate

Slippage from KuCoin: live order book, 8 min ago; HTX: live order book, 3 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, 8 min ago	2.30 bp	16.9 bp −$17	29.5 bp −$295	101.4 bp −$10.1K	doesn't fit
Sell HTX live order book, 3 min ago	5.78 bp	14.9 bp −$15	57.9 bp −$579	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	4.2987	−0.076%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3132	+0.261%	$106K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.2980	−0.093%	$162K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.742%	$578	$301K	12x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0056%	1h	4.3072	+0.121%	$2.3M	$15.8M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3000	−0.046%	$110K	$501K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3033	+0.030%	$262.8M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.2998	−0.051%	$212.7M	$425.7M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3000	−0.046%	$60.8M	$285.8M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3449	+0.997%	$248K	−$0	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NEAR_USDT	+0.0100%	8h	4.2988	−0.074%	$32.0M	$62.3M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3040	+0.046%	$73.6M	$147.0M	200x	as long as short
KuCoin NEARUSDTMlong	+0.0100%	8h	4.3020	long leg	$53.3M	$45.7M	75x
Bitget NEARUSDT	+0.0100%	8h	4.3000	−0.046%	$71.0M	$127.4M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3000	−0.046%	—	$6.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3247	+0.528%	$8.2M	$17.9M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3144	+0.288%	$252K	$948K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3206	+0.432%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3130	+0.256%	$166K	$795K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3039	+0.044%	$269K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3027	+0.016%	$57K	$246K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3090	+0.163%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDTshort	+0.0100%	8h	4.3100	+0.186%	$462K	$3.9M	75x
Phemex NEARUSDT	+0.0100%	8h	4.3010	−0.023%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3121	+0.234%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3037	+0.039%	$200K	$37K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3210	+0.442%	$13.5M	$31.9M	75x	as long as short
Kalshi KXNEARPERP	+0.0261%	8h	4.3104	+0.195%	$869K	$23.5M	2.2x	as long as short
Pacifica NEAR	+0.0263%	1h	4.3169	+0.346%	$398K	$1.3M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0322% / S −0.0198%	1h	4.2971	−0.115%	$232K	—	100x	as long as short
SoDEX NEAR-USD	+0.0333%	1h	4.2995	−0.058%	$6K	$53K	10x	as long as short
Aster NEARUSDT	+0.0335%	8h	4.3030	+0.023%	$2.8M	$5.5M	50x	as long as short
01 Exchange NEARUSD	+0.0520%	1h	4.3171	+0.351%	$13K	$7K	10x	as long as short
Extended NEAR-USD	+0.0560%	1h	4.2984	−0.084%	$3.8M	$19.8M	25x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0564%	1h	4.3017	−0.007%	$1.9M	$9.9M	25x	as long as short
Nado NEAR-PERP	+0.0567%	1h	4.3029	+0.022%	$1.8M	$3.1M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0567%	1h	4.3016	−0.009%	$1.3M	$6.8M	20x	as long as short
Hyperliquid NEAR	+0.0580%	1h	4.3043	+0.053%	$352.5M	$312.5M	10x	as long as short
Arcus NEAR-USD	+0.0627%	1h	4.3160	+0.325%	$212K	$1.6M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0717%	1h	4.2990	−0.070%	$7.5M	$38.9M	50x	as long as short
Lighter RH NEAR	+0.0920%	1h	4.3067	+0.109%	$1.5M	$7.4M	10x	as long as short
Phoenix NEAR	+0.0941%	1h	4.3324	+0.707%	$1.8M	$2.8M	10x	as long as short
Lighter NEAR	+0.1072%	1h	4.3079	+0.137%	$17.4M	$25.1M	15x	as long as short
RISEx NEAR/USDC	+0.1162%	1h	4.3148	+0.298%	$670K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1589%	1h	4.3223	+0.472%	$5K	$12K	10x	as long as short