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: KuCoin against Polymarket Perps+0.002%7-day average −0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$63as 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 Polymarket Perps Short on KuCoin

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−0.006%−$1 · spread now +0.002%, 7d avg −0.007%

Together, before fees−0.013%−$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps NEAR-USD	4.4499	0.0100	pay 0.0013% / 1h	5m 05s	$257K	$3.9M	10x
Short	KuCoin NEARUSDTM	4.4500	0.0100	get 0.0100% / 8h	5h 05m	$55.1M	$46.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Polymarket Perps. 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 Polymarket PerpsbpFee KuCoinbpOrdersPrice spread, now +0.002%Rate

Funding earned: $0
Price spread: +0.002% → −0.007%: $0.91
Slippage, 4 orders: −$41.91
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$61
Costs to cover: 0.619%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 4 min ago; KuCoin: live order book, 4 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 Polymarket Perps live order book, 4 min ago	4.30 bp	8.4 bp −$8	22.5 bp −$225	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	3.31 bp	14.9 bp −$15	38.2 bp −$382	96.2 bp −$9,624	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	−0.193%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.4462	−0.083%	$2.2M	$15.4M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4480	−0.043%	$110K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4580	+0.182%	$584K	$21.8M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4439	−0.135%	$166K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.942%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4500	+0.002%	$113K	$513K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4503	+0.009%	$425K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4520	+0.047%	$273.2M	$1.12B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4490	−0.020%	$223.0M	$428.9M	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	4.4470	−0.065%	$63.6M	$304.4M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.5467	+2.174%	$259K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4457	−0.094%	$32.3M	$65.3M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4480	−0.043%	$75.5M	$150.0M	200x	as long as short
KuCoin NEARUSDTMshort	+0.0100%	8h	4.4500	+0.002%	$55.1M	$46.1M	75x
Bitget NEARUSDT	+0.0100%	8h	4.4492	−0.016%	$73.3M	$131.0M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.4480	−0.043%	—	$147.0M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4486	−0.028%	$8.6M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4994	+1.113%	$270K	$977K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.5311	+1.825%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.5320	+1.845%	$174K	$797K	50x	as long as short
Polymarket Perps NEAR-USDlong	+0.0100%	1h	4.4499	long leg	$257K	$3.9M	10x
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4448	−0.115%	$57K	$237K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4530	+0.070%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4425	−0.166%	$8K	$53K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4490	−0.020%	$461K	$4.1M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4500	+0.002%	$3.8M	$8.4M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.4433	−0.148%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4465	−0.076%	$207K	$40K	3x	as long as short
Extended NEAR-USD	+0.0200%	1h	4.4460	−0.087%	$4.0M	$19.4M	25x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4500	+0.002%	$14.0M	$33.4M	75x	as long as short
Aster NEARUSDT	+0.0284%	8h	4.4437	−0.139%	$3.1M	$5.5M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0352% / S −0.0235%	1h	4.4423	−0.170%	$266K	—	100x	as long as short
01 Exchange NEARUSD	+0.0384%	1h	4.4512	+0.029%	$13K	$7K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0403%	1h	4.4459	−0.090%	$1.9M	$4.5M	25x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.4560	+0.137%	$215K	$1.8M	10x	as long as short
Nado NEAR-PERP	+0.0480%	1h	4.4450	−0.110%	$1.9M	$3.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0536%	1h	4.4509	+0.022%	$1.4M	$6.7M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0693%	1h	4.4463	−0.080%	$8.2M	$41.3M	50x	as long as short
Lighter RH NEAR	+0.0696%	1h	4.4505	+0.013%	$1.6M	$7.2M	10x	as long as short
Hyperliquid NEAR	+0.0768%	1h	4.4525	+0.058%	$370.1M	$325.6M	10x	as long as short
Phoenix NEAR	+0.0855%	1h	4.5453	+2.144%	$1.9M	$2.7M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.4543	+0.098%	$570K	$1.4M	10x	as long as short
Lighter NEAR	+0.1120%	1h	4.4525	+0.058%	$17.9M	$27.1M	15x	as long as short
Aftermath Perps NEARUSD	+0.1651%	1h	4.5085	+1.317%	$6K	$12K	10x	as long as short