Funding arb · Price arb /

NEAR

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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 Bitget−0.039%7-day average +0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$540.541% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.026%+$3 on $10k

Price spread, last 7 days+0.067%+$7 · spread now −0.039%, 7d avg +0.052%

Together, before fees+0.093%+$9 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 0.091% cheaper against Bitget than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NEARUSDT	4.3597	0.0100	pay 0.0100% / 8h	2m 04s	$72.1M	$127.9M	75x
Short	KuCoin NEARUSDTM	4.3580	0.0100	get 0.0100% / 8h	2m 04s	$52.8M	$45.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bitget. 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 BitgetbpFee KuCoinbpOrdersPrice spread, now −0.039%Rate

Funding earned: $0
Price spread: −0.039% → +0.052%: −$9.08
Slippage, 4 orders: −$30.08
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$63.16
Costs to cover: 0.541%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; KuCoin: live order book, 7 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 Bitget live order book, 2 min ago	0.12 bp	11.5 bp −$12	17.1 bp −$171	37.1 bp −$3,712	doesn't fit
Sell KuCoin live order book, 7 min ago	2.29 bp	17.8 bp −$18	27.7 bp −$277	99.1 bp −$9,909	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	4.3597	−0.001%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3534	−0.145%	$107K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3561	−0.082%	$163K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0017%	1h	4.3610	+0.030%	$7.2M	$38.7M	50x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.016%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3530	−0.154%	$114K	$500K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3590	−0.016%	$219.6M	$430.0M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3570	−0.062%	$61.5M	$295.9M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3750	+0.351%	$249K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3570	−0.062%	$35.9M	$63.2M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NEARUSDTMshort	+0.0100%	8h	4.3580	−0.039%	$52.8M	$45.9M	75x
Bitget NEARUSDTlong	+0.0100%	8h	4.3597	long leg	$72.1M	$127.9M	75x
Variational Omni NEAR	+0.0100%	8h	4.3549	−0.110%	$8.9M	$18.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3722	+0.288%	$253K	$896K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3681	+0.193%	$1.4M	$1.6M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3680	+0.190%	$167K	$816K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3550	−0.108%	$272K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3579	−0.041%	$58K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3640	+0.099%	$1K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3610	+0.030%	$5K	$50K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3590	−0.016%	$3.5M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3521	−0.174%	$31K	$585	10x	as long as short
Aster NEARUSDT	+0.0102%	8h	4.3587	−0.023%	$2.7M	$4.8M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3569	−0.065%	$3.6M	$16.4M	25x	as long as short
Aevo NEAR-PERP	+0.0120%	1h	4.3584	−0.029%	$203K	$40K	3x	as long as short
Hyperliquid NEAR	+0.0132%	1h	4.3606	+0.020%	$351.3M	$316.3M	10x	as long as short
Binance NEARUSDT	+0.0142%	8h	4.3600	+0.007%	$263.4M	$1.09B	75x	as long as short
MEXC NEAR_USDT	+0.0144%	8h	4.3560	−0.085%	$88.7M	$154.7M	200x	as long as short
HTX NEAR-USDT	+0.0160%	8h	4.3680	+0.190%	$465K	$3.8M	75x	as long as short
BingX NEAR-USDC	+0.0162%	8h	4.3590	−0.016%	—	$6.7M	—	as long as short
Kalshi KXNEARPERP	+0.0167%	8h	4.3592	−0.011%	$916K	$25.1M	2.2x	as long as short
01 Exchange NEARUSD	+0.0232%	1h	4.3561	−0.083%	$13K	$7K	10x	as long as short
BloFin NEAR-USDT	+0.0264%	8h	4.3630	+0.076%	$13.4M	$32.1M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0342% / S −0.0242%	1h	4.3563	−0.079%	$253K	—	100x	as long as short
Nado NEAR-PERP	+0.0370%	1h	4.3505	−0.211%	$1.6M	$3.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0474%	1h	4.3623	+0.060%	$1.1M	$7.2M	20x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.3660	+0.145%	$2.3M	$17.0M	50x	as long as short
Lighter RH NEAR	+0.0512%	1h	4.3632	+0.080%	$1.5M	$6.8M	10x	as long as short
Lighter NEAR	+0.0560%	1h	4.3672	+0.172%	$17.2M	$25.4M	15x	as long as short
Arcus NEAR-USD	+0.0638%	1h	4.3570	−0.062%	$228K	$1.5M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0944%	1h	4.3609	+0.028%	$1.9M	$13.1M	25x	as long as short
Pacifica NEAR	+0.0949%	1h	4.3538	−0.136%	$410K	$1.4M	10x	as long as short
Phoenix NEAR	+0.0949%	1h	4.3702	+0.241%	$1.8M	$2.4M	10x	as long as short
RISEx NEAR/USDC	+0.0965%	1h	4.3559	−0.088%	$604K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1121%	1h	4.3590	−0.016%	$5K	$7K	10x	as long as short