Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.008%

Price spread now: KuCoin against Variational Omni+0.007%7-day average +0.006% · you sell dearer than you buy

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

Long on Variational Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.012%+$1 on $10k

Price spread, last 7 days+0.006%+$1 · spread now +0.007%, 7d avg +0.006%

Together, before fees+0.018%+ Points / potential airdropVariational Omni: Active · farm board+$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni NEAR	4.5317	0.0100	pay 0.0100% / 8h	6h 58m	$9.4M	$17.8M	—
Short	KuCoin NEARUSDTM	4.5320	0.0100	get 0.0100% / 8h	6h 58m	$53.9M	$45.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Variational Omni. 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 Variational OmnibpFee KuCoinbpOrdersPrice spread, now +0.007%Rate

Funding earned: $0
Price spread: +0.007% → +0.006%: $0.15
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$11.85
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, just now; KuCoin: live order book, 10 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 Variational Omni RFQ quote, just now	3.81 bp	doesn't fit	12.1 bp −$121	40.6 bp −$4,060	doesn't fit
Sell KuCoin live order book, 10 min ago	1.11 bp	15.7 bp −$16	31.6 bp −$316	doesn't fit	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	4.5367	+0.110%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0140%	1h	4.5261	−0.122%	$7.4M	$38.6M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.5396	+0.176%	$111K	$53K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.5437	+0.266%	$170K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−8.621%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.5450	+0.294%	$120K	$522K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.5285	−0.070%	$2.7M	$4.7M	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.5300	−0.036%	$275.2M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.5270	−0.103%	$235.7M	$434.4M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.5250	−0.147%	$64.5M	$309.4M	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus NEAR-USD	+0.0100%	1h	4.5450	+0.294%	$237K	$1.4M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.5050	−0.588%	$260K	$3K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.5267	−0.109%	$38.9M	$61.1M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.5300	−0.037%	$83.7M	$162.2M	200x	as long as short
KuCoin NEARUSDTMshort	+0.0100%	8h	4.5320	+0.007%	$53.9M	$45.7M	75x
Bitget NEARUSDT	+0.0100%	8h	4.5248	−0.151%	$74.7M	$128.3M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.5270	−0.103%	—	$6.7M	—	as long as short
Variational Omni NEARlong	+0.0100%	8h	4.5317	long leg	$9.4M	$17.8M	—
edgeX NEARUSDC	+0.0100%	4h	4.5428	+0.245%	$268K	$901K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.5362	+0.100%	$1.5M	$1.6M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.5390	+0.162%	$169K	$826K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.5430	+0.250%	$283K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.5278	−0.085%	$59K	$269K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.5360	+0.096%	$2K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.5275	−0.092%	$5K	$49K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.5250	−0.147%	$3.5M	$8.0M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.5288	−0.064%	$3.8M	$15.0M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.5290	−0.059%	$211K	$38K	3x	as long as short
Paradex NEAR-USD-PERP	+0.0109%	8h	4.5475	+0.349%	$33K	$413	10x	as long as short
Kalshi KXNEARPERP	+0.0126%	8h	4.5213	−0.229%	$892K	$25.4M	2.2x	as long as short
Hyperliquid NEAR	+0.0216%	1h	4.5299	−0.039%	$368.3M	$321.2M	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.5280	−0.081%	$12.7M	$33.4M	75x	as long as short
HTX NEAR-USDT	+0.0251%	8h	4.5290	−0.059%	$479K	$3.8M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0347% / S −0.0242%	1h	4.5333	+0.035%	$265K	—	100x	as long as short
01 Exchange NEARUSD	+0.0440%	1h	4.5465	+0.327%	$13K	$5K	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0520%	1h	4.5344	+0.060%	$2.4M	$17.8M	50x	as long as short
Lighter RH NEAR	+0.0552%	1h	4.5324	+0.016%	$1.6M	$6.0M	10x	as long as short
RISEx NEAR/USDC	+0.0569%	1h	4.5326	+0.021%	$646K	$1.6M	10x	as long as short
Lighter NEAR	+0.0592%	1h	4.5324	+0.016%	$17.8M	$23.3M	15x	as long as short
Backpack NEAR_USDC_PERP	+0.0669%	1h	4.5315	−0.004%	$1.1M	$7.2M	20x	as long as short
Nado NEAR-PERP	+0.0676%	1h	4.5425	+0.239%	$1.7M	$3.2M	10x	as long as short
Pacifica NEAR	+0.0701%	1h	4.5494	+0.391%	$429K	$1.4M	10x	as long as short
Phoenix NEAR	+0.0740%	1h	4.5602	+0.630%	$1.7M	$2.2M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0833%	1h	4.5300	−0.037%	$2.0M	$13.1M	25x	as long as short
Aftermath Perps NEARUSD	+0.1248%	1h	4.5370	+0.117%	$6K	$7K	10x	as long as short