Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0328%/8h= −36.0% APRpaid last 24h −0.133%

Price spread now: KuCoin against RISEx−0.779%7-day average −0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$117as in the Price arb table

costs, in and out, $10k−$400.405% of the position

Long on RISEx Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.373%−$37 on $10k

Price spread, last 7 days+0.719%+$72 · spread now −0.779%, 7d avg −0.018%

Together, before fees+0.346%+$35 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and KuCoin is 0.761% cheaper against RISEx than usual: you would sell low and buy high (−$76 if the spread goes back to its 7-day average of −0.018%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx NEAR/USDC	4.3086	0.0428	pay 0.0054% / 1h	24m 07s	$408K	$1.2M	10x
Short	KuCoin NEARUSDTM	4.2750	0.0100	get 0.0100% / 8h	7h 24m	$55.9M	$42.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against RISEx. 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 RISExbpFee KuCoinbpOrdersPrice spread, now −0.779%Rate

Funding earned: −$68.96
Price spread: −0.779% → −0.018%: −$76.11
Slippage, 4 orders: −$22.47
Fee RISEx: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$185.55
Costs to cover: 0.405%
Break-even: never at this rate

Slippage from RISEx: live order book, 5 min ago; KuCoin: live order book, 5 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 RISEx live order book, 5 min ago	1.80 bp	4.8 bp −$5	15.0 bp −$150	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	2.34 bp	14.0 bp −$14	27.9 bp −$279	84.1 bp −$8,413	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	4.3088	+0.005%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0132%	1h	4.2722	−0.844%	$7.2M	$37.3M	50x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.2779	−0.712%	$2.2M	$12.9M	50x	as long as short
Phemex NEARUSDT	−0.0055%	8h	4.2770	−0.733%	$3.8M	$8.5M	50x	as long as short
01 Exchange NEARUSD	−0.0016%	1h	4.3065	−0.048%	$13K	$7K	10x	as long as short
Variational Omni NEAR	−0.0004%	8h	4.2668	−0.970%	$7.9M	$18.8M	—	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3099	+0.031%	$112K	$64K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3006	−0.185%	$339K	$19.1M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3111	+0.059%	$205K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.889%	$578	$302K	12x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit NEARUSDT	+0.0048%	8h	4.2932	−0.357%	$217.5M	$417.3M	75x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0077%	1h	4.2882	−0.473%	$1.9M	$3.5M	25x	as long as short
Gate NEAR_USDT	+0.0095%	8h	4.3116	+0.070%	$31.0M	$59.8M	75x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3070	−0.036%	$114K	$482K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0098%	8h	4.2848	−0.552%	$57K	$191K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0099%	8h	4.3084	−0.004%	$31K	$608	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.3090	+0.009%	$3.0M	$5.8M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3084	−0.005%	$398K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2774	−0.723%	$255.0M	$1.06B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2930	−0.361%	$60.8M	$279.7M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3080	−0.013%	$197K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2789	−0.688%	$244K	−$0	10x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3000	−0.199%	$76.6M	$140.6M	200x	as long as short
KuCoin NEARUSDTMshort	+0.0100%	8h	4.2750	−0.779%	$55.9M	$42.8M	75x
Bitget NEARUSDT	+0.0100%	8h	4.2869	−0.503%	$71.2M	$124.6M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.2880	−0.477%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2780	−0.710%	$255K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2745	−0.790%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2800	−0.663%	$179K	$782K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3097	+0.026%	$202K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3200	+0.265%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2760	−0.756%	$5K	$52K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.2850	−0.547%	$454K	$3.7M	75x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2769	−0.736%	$3.8M	$17.3M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2804	−0.654%	$199K	$28K	3x	as long as short
Hyperliquid NEAR	+0.0159%	1h	4.3150	+0.149%	$362.2M	$300.5M	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3080	−0.013%	$12.9M	$28.3M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0373% / S −0.0306%	1h	4.3113	+0.064%	$274K	—	100x	as long as short
Lighter RH NEAR	+0.0392%	1h	4.2787	−0.693%	$1.6M	$6.9M	10x	as long as short
RISEx NEAR/USDClong	+0.0428%	1h	4.3086	long leg	$408K	$1.2M	10x
Backpack NEAR_USDC_PERP	+0.0445%	1h	4.2935	−0.350%	$1.3M	$5.9M	20x	as long as short
Nado NEAR-PERP	+0.0464%	1h	4.3085	−0.002%	$1.9M	$3.2M	10x	as long as short
Phoenix NEAR	+0.0499%	1h	4.2669	−0.967%	$1.8M	$2.7M	10x	as long as short
Aftermath Perps NEARUSD	+0.1334%	1h	4.2876	−0.487%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1888%	1h	4.2839	−0.574%	$17.1M	$24.5M	15x	as long as short