Funding arb · Price arb /

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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 0.000%

Price spread now: Orderly against KuCoin+0.213%7-day average −0.022% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$1 on $10k

Price spread, last 4 days (all we have)+0.269%+$27 · spread now +0.213%, 7d avg −0.022%

Together, before fees+0.254%+$25 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: Orderly is 0.235% dearer against KuCoin than usual: you sell high and buy low, +$24 on $10k if it goes back to its 7-day average of −0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NEARUSDTM	4.4060	0.0100	pay 0.0100% / 8h	4h 14m	$54.6M	$46.2M	75x
Short	Orderly PERP_NEAR_USDC	4.4154	0.0100	get 0.0100% / 8h	4h 14m	$56K	$227K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.213%Rate

Funding earned: $0
Price spread: +0.213% → −0.022%: $23.55
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: $5.55
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: KuCoin: live order book, 4 min ago; Orderly: no order-book sample. Net counts fees only.

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, 4 min ago	2.26 bp	18.0 bp −$18	39.2 bp −$392	110.0 bp −$11.0K	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	4.4012	−0.110%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0008%	1h	4.4070	+0.023%	$2.2M	$15.5M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4104	+0.100%	$109K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4131	+0.161%	$619K	$22.3M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4149	+0.201%	$165K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.015%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4110	+0.113%	$113K	$519K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4133	+0.166%	$419K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4089	+0.066%	$271.2M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4037	−0.052%	$221.7M	$425.0M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4030	−0.068%	$62.8M	$299.1M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4098	+0.087%	$251K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4050	−0.023%	$32.1M	$64.2M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4060	0.000%	$74.5M	$150.0M	200x	as long as short
KuCoin NEARUSDTMlong	+0.0100%	8h	4.4060	long leg	$54.6M	$46.2M	75x
Bitget NEARUSDT	+0.0100%	8h	4.4038	−0.050%	$72.3M	$130.6M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.4060	0.000%	—	$6.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4137	+0.175%	$8.6M	$18.1M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4270	+0.476%	$266K	$980K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4260	+0.454%	$1.5M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4210	+0.340%	$170K	$801K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4112	+0.118%	$244K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDCshort	+0.0100%	8h	4.4154	+0.213%	$56K	$227K	20x
SunX NEAR-USDT	+0.0100%	8h	4.4200	+0.318%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4230	+0.386%	$458K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4160	+0.227%	$3.8M	$8.4M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4116	+0.127%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4123	+0.143%	$205K	$40K	3x	as long as short
SoDEX NEAR-USD	+0.0159%	1h	4.4055	−0.011%	$8K	$52K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4190	+0.295%	$13.8M	$32.9M	75x	as long as short
Aster NEARUSDT	+0.0309%	8h	4.4080	+0.045%	$3.0M	$5.5M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0321% / S −0.0190%	1h	4.4191	+0.297%	$234K	—	100x	as long as short
Backpack NEAR_USDC_PERP	+0.0328%	1h	4.4071	+0.025%	$1.3M	$6.5M	20x	as long as short
01 Exchange NEARUSD	+0.0336%	1h	4.4164	+0.236%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0362%	1h	4.4100	+0.091%	$363.7M	$324.8M	10x	as long as short
Extended NEAR-USD	+0.0416%	1h	4.3997	−0.144%	$3.9M	$19.7M	25x	as long as short
Nado NEAR-PERP	+0.0549%	1h	4.4061	+0.003%	$1.9M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0581%	1h	4.4180	+0.272%	$219K	$1.8M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0589%	1h	4.4088	+0.064%	$8.1M	$39.6M	50x	as long as short
Lighter RH NEAR	+0.0656%	1h	4.4144	+0.191%	$1.5M	$7.2M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0724%	1h	4.4167	+0.243%	$2.0M	$7.3M	25x	as long as short
Phoenix NEAR	+0.0794%	1h	4.4322	+0.595%	$1.8M	$2.8M	10x	as long as short
RISEx NEAR/USDC	+0.0926%	1h	4.4178	+0.268%	$594K	$1.4M	10x	as long as short
Lighter NEAR	+0.0960%	1h	4.4190	+0.296%	$17.8M	$26.5M	15x	as long as short
Aftermath Perps NEARUSD	+0.1574%	1h	4.4184	+0.281%	$5K	$12K	10x	as long as short