Funding arb · Price arb /

NEAR

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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: KuCoin against MEXC+0.363%7-day average +0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$6as in the Price arb table

costs, in and out, $10k−$410.409% of the position

Long on MEXC Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.005%$0 on $10k

Price spread, last 7 days−0.391%−$39 · spread now +0.363%, 7d avg +0.019%

Together, before fees−0.386%−$39 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: KuCoin is 0.344% dearer against MEXC than usual: you sell high and buy low, +$34 on $10k if it goes back to its 7-day average of +0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC NEAR_USDT	4.4050	0.0100	pay 0.0100% / 8h	6h 17m	$75.4M	$142.6M	200x
Short	KuCoin NEARUSDTM	4.4210	0.0100	get 0.0100% / 8h	6h 17m	$54.3M	$43.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against MEXC. 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 MEXCbpFee KuCoinbpOrdersPrice spread, now +0.363%Rate

Funding earned: $0
Price spread: +0.363% → +0.019%: $34.42
Slippage, 4 orders: −$28.91
Fee MEXC: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$6.49
Costs to cover: 0.409%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; KuCoin: live order book, 6 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 MEXC live order book, 1 min ago	1.12 bp	1.1 bp −$1	3.2 bp −$32	70.4 bp −$7,035	110.5 bp −$55.3K
Sell KuCoin live order book, 6 min ago	2.27 bp	15.6 bp −$16	29.8 bp −$298	102.8 bp −$10.3K	doesn't fit

NEAR on 44 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	4.4307	+0.583%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0064%	1h	4.4172	+0.277%	$2.2M	$14.5M	50x	as long as short
Phemex NEARUSDT	−0.0042%	8h	4.4170	+0.272%	$3.9M	$8.2M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4376	+0.740%	$109K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4249	+0.452%	$584K	$20.0M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.4307	+0.583%	$197K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.993%	$578	$302K	12x	as long as short
Variational Omni NEAR	+0.0080%	8h	4.4757	+1.604%	$8.6M	$18.5M	—	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4340	+0.658%	$112K	$493K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4402	+0.799%	$417K	$1.2M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance NEARUSDT	+0.0100%	8h	4.4024	−0.059%	$266.9M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4000	−0.114%	$223.5M	$422.7M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4020	−0.068%	$62.9M	$290.6M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.4400	+0.795%	$211K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4050	0.000%	$251K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4033	−0.039%	$31.8M	$62.4M	75x	as long as short
MEXC NEAR_USDTlong	+0.0100%	8h	4.4050	long leg	$75.4M	$142.6M	200x
KuCoin NEARUSDTMshort	+0.0100%	8h	4.4210	+0.363%	$54.3M	$43.7M	75x
Bitget NEARUSDT	+0.0100%	8h	4.4009	−0.093%	$72.5M	$126.1M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.4000	−0.114%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4700	+1.477%	$282K	$1.0M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4339	+0.656%	$1.5M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4720	+1.521%	$184K	$765K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4352	+0.686%	$206K	$3.6M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4210	+0.363%	$61K	$190K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4390	+0.772%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4190	+0.318%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4280	+0.522%	$458K	$3.9M	75x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.4405	+0.805%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3985	−0.148%	$3.8M	$18.5M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4325	+0.624%	$206K	$34K	3x	as long as short
Aster NEARUSDT	+0.0192%	8h	4.4230	+0.409%	$3.1M	$5.8M	50x	as long as short
Kraken Futures PF_NEARUSD	+0.0214%	1h	4.4199	+0.339%	$8.0M	$40.8M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0270%	1h	4.4217	+0.379%	$1.9M	$4.2M	25x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0353% / S −0.0248%	1h	4.4309	+0.588%	$262K	—	100x	as long as short
Nado NEAR-PERP	+0.0378%	1h	4.4333	+0.643%	$1.9M	$3.1M	10x	as long as short
01 Exchange NEARUSD	+0.0424%	1h	4.4404	+0.804%	$13K	$7K	10x	as long as short
RISEx NEAR/USDC	+0.0509%	1h	4.4397	+0.788%	$566K	$1.3M	10x	as long as short
Phoenix NEAR	+0.0592%	1h	4.4597	+1.242%	$1.8M	$2.6M	10x	as long as short
Lighter RH NEAR	+0.0848%	1h	4.4275	+0.511%	$1.6M	$7.0M	10x	as long as short
Hyperliquid NEAR	+0.0909%	1h	4.4072	+0.050%	$371.7M	$308.7M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0948%	1h	4.4041	−0.020%	$1.4M	$6.3M	20x	as long as short
Aftermath Perps NEARUSD	+0.1584%	1h	4.4435	+0.874%	$6K	$12K	10x	as long as short
Lighter NEAR	+0.1744%	1h	4.4322	+0.618%	$17.7M	$25.6M	15x	as long as short