Funding arb · Price arb /

NEAR

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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 0.000%

Price spread now: KuCoin against Gate+0.092%7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$820.819% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

Price spread, last 7 days−0.092%−$9 · spread now +0.092%, 7d avg +0.030%

Together, before fees−0.096%−$10 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 0.062% dearer against Gate than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NEAR_USDT	4.4689	0.0100	pay 0.0100% / 8h	6h 53m	$38.4M	$61.4M	75x
Short	KuCoin NEARUSDTM	4.4730	0.0100	get 0.0100% / 8h	6h 53m	$53.2M	$45.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Gate. 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 GatebpFee KuCoinbpOrdersPrice spread, now +0.092%Rate

Funding earned: $0
Price spread: +0.092% → +0.030%: $6.16
Slippage, 4 orders: −$54.87
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$75.7
Costs to cover: 0.819%
Break-even: never at this rate

Slippage from Gate: 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 Gate live order book, 5 min ago	2.87 bp	25.0 bp −$25	42.7 bp −$427	45.0 bp −$4,504	60.5 bp −$30.3K
Sell KuCoin live order book, 5 min ago	2.21 bp	14.7 bp −$15	49.3 bp −$493	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	4.4656	−0.074%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0142%	1h	4.4608	−0.180%	$7.3M	$38.6M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4682	−0.016%	$109K	$53K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.5437	+1.674%	$170K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.337%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4740	+0.114%	$119K	$517K	50x	as long as short
Hyperliquid NEAR	+0.0100%	1h	4.4689	0.000%	$361.4M	$322.7M	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.4702	+0.029%	$2.6M	$4.8M	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4685	−0.009%	$271.5M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4599	−0.201%	$231.0M	$436.5M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4580	−0.244%	$63.6M	$306.3M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.4800	+0.248%	$231K	$1.4M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.5308	+1.385%	$261K	$3K	10x	as long as short
Gate NEAR_USDTlong	+0.0100%	8h	4.4689	long leg	$38.4M	$61.4M	75x
MEXC NEAR_USDT	+0.0100%	8h	4.4710	+0.047%	$80.3M	$163.5M	200x	as long as short
KuCoin NEARUSDTMshort	+0.0100%	8h	4.4730	+0.092%	$53.2M	$45.7M	75x
Bitget NEARUSDT	+0.0100%	8h	4.4524	−0.369%	$73.4M	$128.9M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.4610	−0.177%	—	$6.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.5146	+1.023%	$9.4M	$17.7M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.5342	+1.461%	$268K	$881K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.5350	+1.479%	$1.5M	$1.6M	10x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4673	−0.036%	$278K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4644	−0.101%	$58K	$269K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4690	+0.002%	$2K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4635	−0.121%	$5K	$44K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4650	−0.087%	$472K	$3.8M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4650	−0.087%	$3.4M	$8.0M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4677	−0.028%	$3.8M	$15.0M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4612	−0.172%	$207K	$38K	3x	as long as short
Paradex NEAR-USD-PERP	+0.0108%	8h	4.4723	+0.076%	$32K	$413	10x	as long as short
Kalshi KXNEARPERP	+0.0122%	8h	4.4711	+0.049%	$763K	$25.6M	2.2x	as long as short
01 Exchange NEARUSD	+0.0160%	1h	4.4742	+0.119%	$13K	$5K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4900	+0.472%	$12.8M	$33.0M	75x	as long as short
Lighter NEAR	+0.0288%	1h	4.4692	+0.007%	$17.5M	$23.4M	15x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0311%	1h	4.4626	−0.141%	$1.9M	$13.1M	25x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0341% / S −0.0235%	1h	4.4856	+0.373%	$258K	—	100x	as long as short
Lighter RH NEAR	+0.0376%	1h	4.4699	+0.022%	$1.5M	$6.0M	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0520%	1h	4.4731	+0.094%	$2.3M	$17.8M	50x	as long as short
RISEx NEAR/USDC	+0.0569%	1h	4.4749	+0.135%	$635K	$1.6M	10x	as long as short
Nado NEAR-PERP	+0.0625%	1h	4.4675	−0.031%	$1.7M	$3.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0654%	1h	4.4712	+0.051%	$1.1M	$7.2M	20x	as long as short
Phoenix NEAR	+0.0740%	1h	4.5188	+1.117%	$1.7M	$2.5M	10x	as long as short
Pacifica NEAR	+0.0883%	1h	4.4726	+0.083%	$422K	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0995%	1h	4.5320	+1.412%	$169K	$827K	50x	as long as short
Aftermath Perps NEARUSD	+0.1257%	1h	4.5143	+1.015%	$6K	$7K	10x	as long as short