Funding arb · Price arb /

NEAR

all NEAR markets

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 Orderly−0.040%7-day average +0.023% · you buy dearer than you sell

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

Long on Orderly Short on KuCoin

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)−0.192%−$19 · spread now −0.040%, 7d avg +0.023%

Together, before fees−0.177%−$18 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 Orderly than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_NEAR_USDC	4.4878	0.0100	pay 0.0100% / 8h	1h 50m	$59K	$233K	20x
Short	KuCoin NEARUSDTM	4.4860	0.0100	get 0.0100% / 8h	1h 50m	$53.9M	$45.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Orderly. 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 OrderlybpFee KuCoinbpOrdersPrice spread, now −0.040%Rate

Funding earned: $0
Price spread: −0.040% → +0.023%: −$6.3
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$24.3
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; KuCoin: live order book, 9 min ago. 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 Orderly no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 9 min ago	2.25 bp	19.2 bp −$19	35.2 bp −$352	101.4 bp −$10.1K	doesn't fit

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	4.4850	−0.063%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4633	−0.546%	$110K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4838	−0.090%	$169K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.728%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4880	+0.004%	$115K	$495K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4900	+0.049%	$230.3M	$427.1M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4890	+0.027%	$63.1M	$300.0M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4366	−1.141%	$253K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4851	−0.060%	$34.9M	$59.9M	75x	as long as short
KuCoin NEARUSDTMshort	+0.0100%	8h	4.4860	−0.040%	$53.9M	$45.8M	75x

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NEARUSDT	+0.0100%	8h	4.4838	−0.089%	$74.1M	$126.4M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4568	−0.692%	$8.9M	$18.4M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4503	−0.835%	$260K	$964K	20x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4883	+0.011%	$281K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDClong	+0.0100%	8h	4.4878	long leg	$59K	$233K	20x
SunX NEAR-USDT	+0.0100%	8h	4.4920	+0.094%	$1K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4870	−0.018%	$469K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4890	+0.027%	$3.7M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0104%	8h	4.4645	−0.520%	$32K	$585	10x	as long as short
GRVT NEAR_USDT_Perp	+0.0120%	8h	4.4474	−0.899%	$1.5M	$1.5M	10x	as long as short
Aevo NEAR-PERP	+0.0120%	1h	4.4870	−0.018%	$209K	$40K	3x	as long as short
ApeX Omni NEARUSDT	+0.0132%	1h	4.4470	−0.909%	$168K	$803K	50x	as long as short
BingX NEAR-USDC	+0.0163%	8h	4.4900	+0.049%	—	$6.7M	—	as long as short
MEXC NEAR_USDT	+0.0169%	8h	4.4880	+0.004%	$85.6M	$144.4M	200x	as long as short
Binance NEARUSDT	+0.0170%	8h	4.4914	+0.081%	$272.6M	$1.09B	75x	as long as short
BloFin NEAR-USDT	+0.0290%	8h	4.4590	−0.642%	$13.6M	$32.9M	75x	as long as short
Kalshi KXNEARPERP	+0.0302%	8h	4.4806	−0.160%	$1.1M	$24.9M	2.2x	as long as short
SoDEX NEAR-USD	+0.0306%	1h	4.4885	+0.016%	$5K	$52K	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0316% / S −0.0201%	1h	4.4837	−0.092%	$239K	—	100x	as long as short
Aster NEARUSDT	+0.0342%	8h	4.4880	+0.004%	$2.9M	$5.0M	50x	as long as short
Extended NEAR-USD	+0.0376%	1h	4.4850	−0.062%	$3.7M	$19.0M	25x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0424%	1h	4.4949	+0.158%	$2.3M	$16.6M	50x	as long as short
01 Exchange NEARUSD	+0.0520%	1h	4.4759	−0.265%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0533%	1h	4.4465	−0.920%	$1.7M	$3.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0610%	1h	4.4923	+0.100%	$1.3M	$6.5M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0650%	1h	4.4880	+0.005%	$7.4M	$38.7M	50x	as long as short
Hyperliquid NEAR	+0.0748%	1h	4.4921	+0.096%	$369.6M	$307.2M	10x	as long as short
Arcus NEAR-USD	+0.0880%	1h	4.4730	−0.330%	$227K	$1.6M	10x	as long as short
Lighter NEAR	+0.0920%	1h	4.4918	+0.090%	$17.6M	$24.6M	15x	as long as short
Phoenix NEAR	+0.1003%	1h	4.4489	−0.867%	$1.8M	$2.5M	10x	as long as short
Lighter RH NEAR	+0.1056%	1h	4.4940	+0.138%	$1.5M	$6.6M	10x	as long as short
Pacifica NEAR	+0.1187%	1h	4.4649	−0.511%	$410K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1191%	1h	4.4447	−0.960%	$6K	$12K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1222%	1h	4.4898	+0.045%	$2.0M	$12.2M	25x	as long as short
RISEx NEAR/USDC	+0.1259%	1h	4.4713	−0.368%	$682K	$1.4M	10x	as long as short