Funding arb · Price arb /

NEAR

all NEAR markets

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 +0.009%

Price spread now: KuCoin against Bybit−0.160%7-day average +0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$500.503% of the position

Long on Bybit 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+0.174%+$17 · spread now −0.160%, 7d avg +0.043%

Together, before fees+0.200%+$20 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 0.203% cheaper against Bybit than usual: you would sell low and buy high, −$20 on $10k if it goes back to its 7-day average of +0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit NEARUSDT	4.3720	0.0100	pay 0.0100% / 8h	5h 49m	$221.0M	$416.6M	75x
Short	KuCoin NEARUSDTM	4.3650	0.0100	get 0.0100% / 8h	5h 49m	$54.5M	$44.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bybit. 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 BybitbpFee KuCoinbpOrdersPrice spread, now −0.160%Rate

Funding earned: $0
Price spread: −0.160% → +0.043%: −$20.29
Slippage, 4 orders: −$27.31
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$70.6
Costs to cover: 0.503%
Break-even: never at this rate

Slippage from Bybit: 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 Bybit live order book, 5 min ago	1.14 bp	9.5 bp −$10	14.5 bp −$145	33.0 bp −$3,297	138.4 bp −$69.2K
Sell KuCoin live order book, 5 min ago	1.14 bp	17.3 bp −$17	41.4 bp −$414	113.0 bp −$11.3K	doesn't fit

NEAR on 44 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	4.3538	−0.416%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.3541	−0.409%	$2.2M	$14.1M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3622	−0.224%	$108K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3580	−0.320%	$548K	$19.3M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3546	−0.399%	$197K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.284%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3610	−0.252%	$114K	$483K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3683	−0.084%	$412K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3717	−0.007%	$265.4M	$1.07B	75x	as long as short
Bybit NEARUSDTlong	+0.0100%	8h	4.3720	long leg	$221.0M	$416.6M	75x

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3690	−0.069%	$62.2M	$288.7M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3657	−0.144%	$249K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3615	−0.240%	$31.4M	$61.8M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3630	−0.206%	$75.2M	$139.9M	200x	as long as short
KuCoin NEARUSDTMshort	+0.0100%	8h	4.3650	−0.160%	$54.5M	$44.0M	75x
Bitget NEARUSDT	+0.0100%	8h	4.3647	−0.167%	$71.7M	$126.1M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3650	−0.160%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3926	+0.472%	$8.5M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3800	+0.184%	$268K	$994K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3910	+0.435%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3790	+0.160%	$195K	$778K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3606	−0.261%	$205K	$3.6M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3559	−0.368%	$60K	$190K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3710	−0.023%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3565	−0.355%	$5K	$50K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3640	−0.183%	$456K	$3.8M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3610	−0.252%	$3.8M	$8.1M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3644	−0.175%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3529	−0.436%	$3.8M	$18.5M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3575	−0.332%	$203K	$34K	3x	as long as short
Aster NEARUSDT	+0.0198%	8h	4.3607	−0.259%	$3.0M	$5.5M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0232%	1h	4.3575	−0.332%	$1.9M	$4.3M	25x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0348% / S −0.0244%	1h	4.3550	−0.388%	$255K	—	100x	as long as short
01 Exchange NEARUSD	+0.0400%	1h	4.3689	−0.071%	$13K	$7K	10x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.3700	−0.046%	$208K	$1.7M	10x	as long as short
Nado NEAR-PERP	+0.0423%	1h	4.3539	−0.413%	$1.9M	$3.0M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0658%	1h	4.3688	−0.073%	$1.4M	$6.4M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0707%	1h	4.3586	−0.306%	$8.1M	$41.0M	50x	as long as short
Lighter RH NEAR	+0.0752%	1h	4.3663	−0.130%	$1.6M	$6.9M	10x	as long as short
Hyperliquid NEAR	+0.0779%	1h	4.3759	+0.089%	$368.5M	$304.6M	10x	as long as short
Phoenix NEAR	+0.0855%	1h	4.3944	+0.512%	$1.8M	$2.7M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.3677	−0.098%	$551K	$1.3M	10x	as long as short
Lighter NEAR	+0.1040%	1h	4.3658	−0.141%	$17.4M	$25.6M	15x	as long as short
Aftermath Perps NEARUSD	+0.1703%	1h	4.3758	+0.088%	$6K	$12K	10x	as long as short