Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.002%

Price spread now: KuCoin against Aevo+0.007%7-day average +0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$137as in the Funding arb table

Net, price: spread back to 7d avg − costs−$135as in the Price arb table

costs, in and out, $10k−$1341.340% of the position

Long on Aevo Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.027%−$3 on $10k

Price spread, last 4 days (all we have)−0.505%−$51 · spread now +0.007%, 7d avg +0.014%

Together, before fees−0.532%−$53 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo NEAR-PERP	4.5017	0.0104	pay 0.0013% / 1h	3m 40s	$209K	$38K	3x
Short	KuCoin NEARUSDTM	4.5020	0.0100	get 0.0100% / 8h	6h 03m	$53.4M	$45.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Aevo. 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 AevobpFee KuCoinbpOrdersPrice spread, now +0.007%Rate

Funding earned: −$0.84
Price spread: +0.007% → +0.014%: −$0.65
Slippage, 4 orders: −$105.96
Fee Aevo: 8 bp × 2 orders: −$16
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$135.44
Costs to cover: 1.340%
Break-even: never at this rate

Slippage from Aevo: live order book, 48 min ago; KuCoin: live order book, 3 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 Aevo live order book, 48 min ago	8.99 bp	58.5 bp −$59	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	3.32 bp	16.5 bp −$16	40.8 bp −$408	111.7 bp −$11.2K	doesn't fit

NEAR on 45 exchanges

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	4.5024	+0.016%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0140%	1h	4.4999	−0.039%	$7.4M	$37.8M	50x	as long as short
dYdX NEAR-USD	+0.0002%	1h	4.4975	−0.093%	$110K	$53K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.5006	−0.024%	$169K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−8.012%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.5000	−0.037%	$124K	$522K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.5013	−0.009%	$2.7M	$4.7M	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.5027	+0.023%	$273.6M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.5014	−0.006%	$233.1M	$433.4M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.5010	−0.015%	$64.3M	$308.5M	50x	as long as short

Show all 45 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus NEAR-USD	+0.0100%	1h	4.5050	+0.074%	$228K	$1.4M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.5100	+0.185%	$269K	$12K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.5005	−0.026%	$39.9M	$64.1M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.5040	+0.052%	$77.4M	$173.0M	200x	as long as short
KuCoin NEARUSDTMshort	+0.0100%	8h	4.5020	+0.007%	$53.4M	$45.1M	75x
Bitget NEARUSDT	+0.0100%	8h	4.5003	−0.031%	$74.7M	$129.9M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.5020	+0.007%	—	$77.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.5024	+0.017%	$9.0M	$17.4M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.5068	+0.115%	$266K	$869K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.5116	+0.221%	$1.5M	$1.7M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.5020	+0.007%	$168K	$828K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.5033	+0.036%	$282K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.5037	+0.045%	$58K	$269K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.5100	+0.185%	$1K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.5035	+0.040%	$5K	$40K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.5090	+0.163%	$468K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.5030	+0.029%	$3.4M	$7.9M	50x	as long as short
Kalshi KXNEARPERP	+0.0101%	8h	4.5024	+0.016%	$813K	$26.3M	2.2x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.5002	−0.033%	$32K	$51	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.5006	−0.025%	$3.8M	$15.1M	25x	as long as short
Aevo NEAR-PERPlong	+0.0104%	1h	4.5017	long leg	$209K	$38K	3x
01 Exchange NEARUSD	+0.0184%	1h	4.5024	+0.016%	$13K	$5K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.5030	+0.029%	$12.9M	$32.9M	75x	as long as short
Lighter NEAR	+0.0296%	1h	4.5049	+0.072%	$17.6M	$24.0M	15x	as long as short
Hyperliquid NEAR	+0.0298%	1h	4.5030	+0.029%	$363.3M	$318.2M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0341% / S −0.0235%	1h	4.5006	−0.024%	$259K	—	100x	as long as short
Nado NEAR-PERP	+0.0389%	1h	4.5000	−0.037%	$1.7M	$3.2M	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0520%	1h	4.5039	+0.049%	$2.3M	$17.8M	50x	as long as short
RISEx NEAR/USDC	+0.0569%	1h	4.5007	−0.023%	$642K	$1.6M	10x	as long as short
Lighter RH NEAR	+0.0624%	1h	4.5066	+0.109%	$1.6M	$6.1M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0705%	1h	4.5055	+0.085%	$1.1M	$7.0M	20x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0794%	1h	4.5061	+0.098%	$1.9M	$13.0M	25x	as long as short
Phoenix NEAR	+0.0851%	1h	4.5143	+0.280%	$1.7M	$2.5M	10x	as long as short
Pacifica NEAR	+0.0883%	1h	4.5026	+0.019%	$418K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1196%	1h	4.5048	+0.070%	$6K	$7K	10x	as long as short