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

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 21:00 UTC+0.0482%/8h= +52.8% APRpaid last 24h +0.161%
Price spread now: Phoenix against KuCoin+0.094%93s7-day average +0.188% · you sell dearer than you buy
Net, funding: paid 7d − costs+$18as 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−$550.548% of the position
Long on KuCoinShort on Phoenix
What this pair did over the last
the charts below follow
Funding, last 7 days+0.729%+$73 on $10k
Price spread, last 7 days+0.094%+$9 · spread now +0.094%, 7d avg +0.188%
Together, before fees+0.823%+$82 on $10k · with fees, hour by hour
Funding pays, the price is against you. Phoenix is 0.094% cheaper against KuCoin than usual: you would sell low and buy high (spread +0.094% now, against its 7-day average of +0.188%). If the spread goes back, that is −$9 on $10k: about 16 hours of funding at the current rate (+$14 a day). The two prices were read 93 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin NEARUSDTM4.13800.0100pay 0.0100% / 8h1h 59m$55.9M$44.9M75x
ShortPhoenix NEAR4.14190.0582get 0.0073% / 1h59m 43s$1.7M$2.8M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phoenix 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
$101.26
Price spread: +0.094% → +0.188%
−$9.39
Slippage, 4 orders
−$35.78
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
$37.09
Costs to cover
0.548%
Break-even
4.4 days
Slippage from KuCoin: live order book, 9 min ago; Phoenix: live order book, 4 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, 9 min ago2.42 bp16.4 bp −$1631.5 bp −$31581.9 bp −$8,191doesn't fit
Sell Phoenix live order book, 4 min ago0.96 bp11.9 bp −$1243.1 bp −$431doesn'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%1h4.1367−0.030%$2K—20xas long as short
Coinbase International NEAR-PERP-INTX−0.0024%1h4.1463+0.201%$2.1M$12.7M50xas long as short
dYdX NEAR-USD0.0000%1h4.1408+0.067%$104K$54K10xas long as short
Kalshi KXNEARPERP0.0000%8h4.1459+0.191%$401K$18.3M2.2xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0004%1h4.1395+0.037%$205K—150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410+0.072%$578$302K12xas long as short
Popdex NEARUSDT+0.0096%1h4.13800.000%$110K$493K50xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.1408+0.068%$53K$157K20xas long as short
Paradex NEAR-USD-PERP+0.0100%8h4.1360−0.049%$30K$64710xas long as short
Aster NEARUSDT+0.0100%8h4.1394+0.033%$2.9M$5.9M50xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica NEAR+0.0100%1h4.1395+0.037%$349K$1.2M10xas long as short
Binance NEARUSDT+0.0100%8h4.1356−0.057%$235.7M$1.08B75xas long as short
Bybit NEARUSDT+0.0100%8h4.1336−0.106%$210.5M$428.8M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.1340−0.097%$56.3M$275.8M50xas long as short
Bulk NEAR-USD+0.0100%1h4.1252−0.310%$235K$6K10xas long as short
Gate NEAR_USDT+0.0100%8h4.1366−0.034%$29.5M$58.5M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.1360−0.048%$81.5M$145.2M200xas long as short
KuCoin NEARUSDTMlong+0.0100%8h4.1380long leg$55.9M$44.9M75x
Bitget NEARUSDT+0.0100%8h4.1355−0.060%$68.8M$126.8M75xas long as short
BingX NEAR-USDT+0.0100%8h4.1360−0.048%—$136.6M—as long as short
Variational Omni NEAR+0.0100%8h4.1354−0.064%$7.7M$18.5M—as long as short
edgeX NEARUSDC+0.0100%4h4.1358−0.053%$236K$1.2M20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.1313−0.162%$1.4M$1.3M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.1340−0.097%$181K$793K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.1415+0.085%$203K$3.1M10xas long as short
SunX NEAR-USDT+0.0100%8h4.1430+0.121%$2K$1.4M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.1385+0.012%$5K$46K10xas long as short
Phemex NEARUSDT+0.0100%8h4.1370−0.024%$3.8M$8.2M50xas long as short
Extended NEAR-USD+0.0104%1h4.1343−0.089%$3.8M$14.7M25xas long as short
Aevo NEAR-PERP+0.0104%1h4.1395+0.037%$201K$61K3xas long as short
Arcus NEAR-USD+0.0118%1h4.13800.000%$308K$1.6M10xas long as short
Kraken Futures PF_NEARUSD+0.0150%1h4.1413+0.079%$7.5M$37.0M50xas long as short
01 Exchange NEARUSD+0.0152%1h4.1375−0.012%$12K$7K10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0209%1h4.1425+0.109%$1.8M$2.1M25xas long as short
BloFin NEAR-USDT+0.0220%8h4.1360−0.048%$12.3M$33.6M75xas long as short
Lighter RH NEAR+0.0256%1h4.1392+0.029%$1.4M$6.9M10xas long as short
Hyperliquid NEAR+0.0346%1h4.1410+0.072%$348.2M$299.5M10xas long as short
Nado NEAR-PERP+0.0356%1h4.1355−0.060%$1.8M$3.6M10xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0379% / S −0.0324%1h4.1400+0.048%$277K—100xas long as short
RISEx NEAR/USDC+0.0569%1h4.1389+0.021%$412K$1.2M10xas long as short
Phoenix NEARshort+0.0582%1h4.1419+0.094%$1.7M$2.8M10x
Lighter NEAR+0.0696%1h4.1428+0.117%$15.2M$22.4M15xas long as short
Backpack NEAR_USDC_PERP+0.0738%1h4.1404+0.058%$1.4M$5.7M20xas long as short
Aftermath Perps NEARUSD+0.0931%1h4.1344−0.087%$5K$11K10xas long as short
HTX NEAR-USDT+0.1054%8h4.1500+0.290%$446K$3.7M75xas long as short