Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Polymarket Perps against KuCoin+0.020%7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$620.619% of the position

Long on KuCoin Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.007%+$1 on $10k

Price spread, last 7 days−0.016%−$2 · spread now +0.020%, 7d avg +0.007%

Together, before fees−0.010%−$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NEARUSDTM	4.4490	0.0100	pay 0.0100% / 8h	5h 05m	$55.0M	$45.8M	75x
Short	Polymarket Perps NEAR-USD	4.4499	0.0100	get 0.0013% / 1h	5m 29s	$257K	$3.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.020%Rate

Funding earned: $0
Price spread: +0.020% → +0.007%: $1.34
Slippage, 4 orders: −$41.91
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$60.57
Costs to cover: 0.619%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; Polymarket Perps: 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, 4 min ago	3.31 bp	20.9 bp −$21	38.1 bp −$381	111.0 bp −$11.1K	doesn't fit
Sell Polymarket Perps live order book, 3 min ago	4.30 bp	17.8 bp −$18	41.8 bp −$418	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	4.4413	−0.173%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.4511	+0.047%	$2.2M	$15.4M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4480	−0.023%	$110K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4675	+0.416%	$561K	$21.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4504	+0.032%	$167K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.923%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4500	+0.022%	$113K	$513K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4503	+0.030%	$425K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4490	0.000%	$273.0M	$1.12B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4440	−0.112%	$222.8M	$428.8M	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	4.4400	−0.202%	$63.7M	$303.8M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.5467	+2.195%	$259K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4479	−0.025%	$32.3M	$65.2M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4490	0.000%	$76.7M	$149.8M	200x	as long as short
KuCoin NEARUSDTMlong	+0.0100%	8h	4.4490	long leg	$55.0M	$45.8M	75x
Bitget NEARUSDT	+0.0100%	8h	4.4425	−0.146%	$73.3M	$130.9M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.4490	0.000%	—	$147.0M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4486	−0.008%	$8.6M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4994	+1.133%	$270K	$977K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.5311	+1.845%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.5320	+1.866%	$174K	$797K	50x	as long as short
Polymarket Perps NEAR-USDshort	+0.0100%	1h	4.4499	+0.020%	$257K	$3.9M	10x
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4441	−0.110%	$57K	$237K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4530	+0.090%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4502	+0.027%	$8K	$53K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4550	+0.135%	$460K	$4.1M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4540	+0.112%	$3.8M	$8.4M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.4433	−0.127%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4465	−0.056%	$207K	$40K	3x	as long as short
Extended NEAR-USD	+0.0192%	1h	4.4479	−0.024%	$4.1M	$19.4M	25x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4890	+0.899%	$14.2M	$33.7M	75x	as long as short
Aster NEARUSDT	+0.0284%	8h	4.4512	+0.049%	$3.1M	$5.5M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0353% / S −0.0238%	1h	4.4537	+0.106%	$265K	—	100x	as long as short
01 Exchange NEARUSD	+0.0384%	1h	4.4512	+0.049%	$13K	$7K	10x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.4560	+0.157%	$215K	$1.8M	10x	as long as short
Nado NEAR-PERP	+0.0480%	1h	4.4450	−0.090%	$1.9M	$3.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0540%	1h	4.4633	+0.321%	$1.4M	$6.8M	20x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0583%	1h	4.4449	−0.092%	$1.9M	$4.5M	25x	as long as short
Kraken Futures PF_NEARUSD	+0.0691%	1h	4.4572	+0.184%	$8.3M	$41.3M	50x	as long as short
Lighter RH NEAR	+0.0696%	1h	4.4507	+0.038%	$1.6M	$7.2M	10x	as long as short
Hyperliquid NEAR	+0.0776%	1h	4.4529	+0.088%	$370.5M	$325.3M	10x	as long as short
Phoenix NEAR	+0.0855%	1h	4.5453	+2.165%	$1.9M	$2.7M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.4543	+0.118%	$570K	$1.4M	10x	as long as short
Lighter NEAR	+0.1120%	1h	4.4535	+0.102%	$17.9M	$27.1M	15x	as long as short
Aftermath Perps NEARUSD	+0.1638%	1h	4.5215	+1.630%	$6K	$12K	10x	as long as short