Settings8H · net · $10k
Funding arb · Price arb /

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0416%/8h= +45.6% APRpaid last 24h +0.066%
Price spread now: Nado against KuCoin−0.316%7-day average +0.026% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$300.296% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.069%+$7 on $10k
Price spread, last 7 days+0.431%+$43 · spread now −0.316%, 7d avg +0.026%
Together, before fees+0.501%+ Points / potential airdropNado: Active · farm board+$50 on $10k · with fees, hour by hour
Funding pays, the price is against you. Nado is 0.342% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.316% now, against its 7-day average of +0.026%). If the spread goes back, that is −$34 on $10k: about 2.7 days of funding at the current rate (+$12 a day). At the pace of the last 3 days (+0.069% in total) that is about 15 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.069% in total (about 8.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin NEARUSDTM4.15900.0100pay 0.0100% / 8h1h 46m$55.0M$44.6M75x
ShortNado NEAR-PERP4.14590.0516get 0.0064% / 1h46m 07s$1.8M$3.5M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado 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

Funding earned
$87.36
Price spread: −0.316% → +0.026%
−$34.17
Slippage, 4 orders
−$10.57
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Nado: 3.5 bp × 2 orders
−$7
Net
$23.62
Costs to cover
0.296%
Break-even
5.1 days
Slippage from KuCoin: live order book, 3 min ago; Nado: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 3 min ago1.20 bp7.2 bp −$77.9 bp −$7970.9 bp −$7,087doesn't fit
Sell Nado live order book, 3 min ago1.56 bp7.1 bp −$717.2 bp −$172doesn't fitdoesn't fit

NEAR on 45 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya NEARRUSDPERP−0.0171%1h4.1456−0.323%$2K20xas long as short
Coinbase International NEAR-PERP-INTX−0.0032%1h4.1481−0.262%$2.1M$12.6M50xas long as short
Injective NEAR/USDC PERP−0.0002%1h4.1410−0.433%$578$302K12xas long as short
dYdX NEAR-USD0.0000%1h4.1455−0.324%$106K$56K10xas long as short
Kalshi KXNEARPERP0.0000%8h4.1516−0.178%$441K$18.3M2.2xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0004%1h4.1473−0.281%$205K150xas long as short
Kraken Futures PF_NEARUSD+0.0049%1h4.1575−0.035%$7.5M$36.8M50xas long as short
01 Exchange NEARUSD+0.0072%1h4.1484−0.255%$12K$7K10xas long as short
Lighter NEAR+0.0096%1h4.1621+0.074%$15.3M$22.5M15xas long as short
Popdex NEARUSDT+0.0096%1h4.1470−0.289%$111K$483K50xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_NEAR_USDC+0.0099%8h4.1551−0.094%$53K$156K20xas long as short
Paradex NEAR-USD-PERP+0.0100%8h4.1485−0.253%$30K$64710xas long as short
Aster NEARUSDT+0.0100%8h4.1598+0.019%$2.9M$5.7M50xas long as short
Pacifica NEAR+0.0100%1h4.1472−0.284%$349K$1.2M10xas long as short
Binance NEARUSDT+0.0100%8h4.1610+0.048%$238.1M$1.07B75xas long as short
Bybit NEARUSDT+0.0100%8h4.15900.000%$212.1M$422.9M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.15900.000%$56.9M$275.0M50xas long as short
Arcus NEAR-USD+0.0100%1h4.1490−0.240%$307K$1.6M10xas long as short
Gate NEAR_USDT+0.0100%8h4.1558−0.077%$29.6M$56.9M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.1580−0.024%$81.9M$141.0M200xas long as short
KuCoin NEARUSDTMlong+0.0100%8h4.1590long leg$55.0M$44.6M75x
Bitget NEARUSDT+0.0100%8h4.1572−0.043%$69.0M$125.8M75xas long as short
BingX NEAR-USDC+0.0100%8h4.1560−0.072%$6.6Mas long as short
Variational Omni NEAR+0.0100%8h4.1461−0.309%$7.7M$18.6Mas long as short
edgeX NEARUSDC+0.0100%4h4.1473−0.282%$236K$1.2M20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.1500−0.216%$1.4M$1.3M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.1510−0.192%$182K$792K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.1503−0.209%$196K$3.1M10xas long as short
SunX NEAR-USDT+0.0100%8h4.1600+0.024%$2K$1.4M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.1540−0.120%$5K$46K10xas long as short
Phemex NEARUSDT+0.0100%8h4.1540−0.120%$3.8M$8.2M50xas long as short
Bulk NEAR-USD+0.0100%1h4.1450−0.337%$236K$4K10xas long as short
Lighter RH NEAR+0.0104%1h4.1595+0.012%$1.4M$6.9M10xas long as short
Extended NEAR-USD+0.0104%1h4.1523−0.161%$3.8M$14.6M25xas long as short
Aevo NEAR-PERP+0.0104%1h4.1537−0.127%$200K$62K3xas long as short
BloFin NEAR-USDT+0.0220%8h4.1500−0.216%$12.3M$33.4M75xas long as short
Hyperliquid NEAR+0.0319%1h4.1617+0.065%$349.7M$298.4M10xas long as short
RISEx NEAR/USDC+0.0364%1h4.1484−0.255%$411K$1.2M10xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0379% / S −0.0327%1h4.1474−0.280%$279K100xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0448%1h4.1585−0.012%$1.8M$2.1M25xas long as short
Backpack NEAR_USDC_PERP+0.0449%1h4.1606+0.038%$1.2M$5.7M20xas long as short
Nado NEAR-PERPshort+0.0516%1h4.1459−0.316%$1.8M$3.5M10x
Phoenix NEAR+0.0542%1h4.1447−0.344%$1.7M$2.7M10xas long as short
Aftermath Perps NEARUSD+0.0910%1h4.1475−0.275%$5K$11K10xas long as short
HTX NEAR-USDT+0.1010%8h4.1610+0.048%$446K$3.6M75xas long as short