Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against OKX−0.024%7-day average +0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$490.495% of the position

Long on OKX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.023%−$2 on $10k

Price spread, last 7 days+0.010%+$1 · spread now −0.024%, 7d avg +0.039%

Together, before fees−0.013%−$1 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 0.063% cheaper against OKX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.039%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX NEAR-USDT-SWAP	4.1610	0.0100	pay 0.0100% / 8h	1h 47m	$56.8M	$277.0M	50x
Short	KuCoin NEARUSDTM	4.1600	0.0100	get 0.0100% / 8h	1h 47m	$56.2M	$44.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against OKX. 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 OKXbpFee KuCoinbpOrdersPrice spread, now −0.024%Rate

Funding earned: $0
Price spread: −0.024% → +0.039%: −$6.33
Slippage, 4 orders: −$27.5
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$55.83
Costs to cover: 0.495%
Break-even: never at this rate

Slippage from OKX: 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 OKX live order book, 1 min ago	1.20 bp	7.6 bp −$8	15.0 bp −$150	26.0 bp −$2,603	doesn't fit
Sell KuCoin live order book, 6 min ago	1.21 bp	13.9 bp −$14	33.5 bp −$335	92.0 bp −$9,199	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	4.1534	−0.182%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0032%	1h	4.1379	−0.555%	$2.1M	$12.6M	50x	as long as short
Injective NEAR/USDC PERP	−0.0002%	1h	4.1410	−0.481%	$578	$302K	12x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.1526	−0.201%	$106K	$56K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.1543	−0.161%	$435K	$18.3M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.1565	−0.108%	$206K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0049%	1h	4.1596	−0.035%	$7.5M	$36.8M	50x	as long as short
01 Exchange NEARUSD	+0.0064%	1h	4.1562	−0.115%	$12K	$7K	10x	as long as short
Lighter NEAR	+0.0096%	1h	4.1626	+0.039%	$15.3M	$22.5M	15x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.1540	−0.168%	$111K	$493K	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.1583	−0.065%	$54K	$157K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.1523	−0.209%	$30K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.1646	+0.086%	$2.9M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.1539	−0.170%	$350K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.1625	+0.036%	$237.3M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.1604	−0.014%	$212.3M	$425.9M	75x	as long as short
OKX NEAR-USDT-SWAPlong	+0.0100%	8h	4.1610	long leg	$56.8M	$277.0M	50x
Arcus NEAR-USD	+0.0100%	1h	4.1550	−0.144%	$308K	$1.6M	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.1610	0.000%	$29.7M	$56.9M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.1630	+0.048%	$81.9M	$140.9M	200x	as long as short
KuCoin NEARUSDTMshort	+0.0100%	8h	4.1600	−0.024%	$56.2M	$44.7M	75x
Bitget NEARUSDT	+0.0100%	8h	4.1626	+0.038%	$69.1M	$126.1M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.1610	0.000%	—	$136.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.1461	−0.357%	$7.7M	$18.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.1473	−0.330%	$236K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.1500	−0.264%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.1240	−0.889%	$181K	$793K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.1577	−0.079%	$199K	$3.1M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.1570	−0.096%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.1560	−0.120%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.1570	−0.096%	$3.8M	$8.2M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.1450	−0.385%	$236K	$4K	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.1541	−0.166%	$3.8M	$14.7M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.1570	−0.096%	$200K	$62K	3x	as long as short
Lighter RH NEAR	+0.0128%	1h	4.1610	0.000%	$1.4M	$6.9M	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.1460	−0.360%	$12.2M	$33.4M	75x	as long as short
Hyperliquid NEAR	+0.0337%	1h	4.1627	+0.041%	$349.8M	$298.2M	10x	as long as short
RISEx NEAR/USDC	+0.0364%	1h	4.1565	−0.109%	$411K	$1.2M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0380% / S −0.0327%	1h	4.1575	−0.084%	$280K	—	100x	as long as short
Backpack NEAR_USDC_PERP	+0.0472%	1h	4.1611	+0.002%	$1.2M	$5.7M	20x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0495%	1h	4.1614	+0.010%	$1.8M	$2.1M	25x	as long as short
Nado NEAR-PERP	+0.0501%	1h	4.1509	−0.242%	$1.8M	$3.6M	10x	as long as short
Phoenix NEAR	+0.0542%	1h	4.1447	−0.392%	$1.7M	$2.7M	10x	as long as short
Aftermath Perps NEARUSD	+0.0898%	1h	4.1437	−0.416%	$5K	$11K	10x	as long as short
HTX NEAR-USDT	+0.1016%	8h	4.1670	+0.144%	$446K	$3.6M	75x	as long as short