Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0298%/8h= +32.6% APRpaid last 24h +0.178%

Price spread now: Hyperliquid against KuCoin+0.148%7-day average +0.080% · you sell dearer than you buy

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$540.536% of the position

Long on KuCoin Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.389%+$39 on $10k

Price spread, last 7 days−0.124%−$12 · spread now +0.148%, 7d avg +0.080%

Together, before fees+0.265%+ Points / potential airdropHyperliquid: Season 2 · farm board+$26 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Hyperliquid is 0.068% dearer against KuCoin than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.080%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NEARUSDTM	4.3190	0.0100	pay 0.0100% / 8h	7h 08m	$56.1M	$42.6M	75x
Short	Hyperliquid NEAR	4.3254	0.0398	get 0.0050% / 1h	8m 33s	$367.2M	$300.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.148%Rate

Funding earned: $62.53
Price spread: +0.148% → +0.080%: $6.78
Slippage, 4 orders: −$32.56
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $15.75
Costs to cover: 0.536%
Break-even: 5.2 days

Slippage from KuCoin: live order book, 6 min ago; Hyperliquid: live order book, 5 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	2.31 bp	19.6 bp −$20	41.3 bp −$413	111.7 bp −$11.2K	doesn't fit
Sell Hyperliquid live order book, 5 min ago	1.96 bp	9.3 bp −$9	doesn't fit	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	4.3156	−0.079%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0130%	1h	4.3329	+0.322%	$8.0M	$38.0M	50x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.3282	+0.213%	$2.3M	$13.0M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3158	−0.074%	$112K	$64K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3210	+0.046%	$346K	$18.7M	2.2x	as long as short
Phemex NEARUSDT	0.0000%	8h	4.3260	+0.162%	$3.8M	$8.4M	50x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3303	+0.263%	$205K	—	150x	as long as short
Variational Omni NEAR	+0.0010%	8h	4.3248	+0.134%	$8.2M	$18.9M	—	as long as short
01 Exchange NEARUSD	+0.0032%	1h	4.3179	−0.025%	$13K	$7K	10x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.121%	$578	$302K	12x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex NEARUSDT	+0.0096%	1h	4.3160	−0.069%	$115K	$474K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0098%	8h	4.3319	+0.299%	$57K	$162K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3122	−0.157%	$31K	$608	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.3270	+0.186%	$3.0M	$5.8M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3199	+0.021%	$402K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3170	−0.046%	$257.7M	$1.05B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3150	−0.093%	$218.3M	$413.9M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3170	−0.046%	$60.9M	$277.8M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3170	−0.046%	$205K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3083	−0.247%	$245K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3147	−0.100%	$31.0M	$60.9M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3150	−0.093%	$75.6M	$141.8M	200x	as long as short
KuCoin NEARUSDTMlong	+0.0100%	8h	4.3190	long leg	$56.1M	$42.6M	75x
Bitget NEARUSDT	+0.0100%	8h	4.3161	−0.067%	$71.9M	$122.2M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3140	−0.116%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3305	+0.265%	$258K	$1.1M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3459	+0.624%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3340	+0.347%	$181K	$775K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3200	+0.023%	$198K	$3.4M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3380	+0.440%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3300	+0.255%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3410	+0.509%	$458K	$3.7M	75x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3121	−0.160%	$3.8M	$17.3M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3303	+0.262%	$202K	$31K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3300	+0.255%	$13.2M	$27.8M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0375% / S −0.0307%	1h	4.3313	+0.286%	$276K	—	100x	as long as short
Hyperliquid NEARshort	+0.0398%	1h	4.3254	+0.148%	$367.2M	$300.9M	10x
RISEx NEAR/USDC	+0.0428%	1h	4.3170	−0.046%	$403K	$1.2M	10x	as long as short
Nado NEAR-PERP	+0.0434%	1h	4.3145	−0.105%	$1.9M	$3.1M	10x	as long as short
Lighter RH NEAR	+0.0472%	1h	4.3224	+0.079%	$1.6M	$7.0M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0486%	1h	4.3288	+0.227%	$1.3M	$5.9M	20x	as long as short
Phoenix NEAR	+0.0499%	1h	4.3638	+1.037%	$1.8M	$2.7M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0535%	1h	4.3339	+0.345%	$2.0M	$3.8M	25x	as long as short
Aftermath Perps NEARUSD	+0.1495%	1h	4.3313	+0.284%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1784%	1h	4.3296	+0.245%	$17.3M	$24.7M	15x	as long as short