Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.004%

Price spread now: KuCoin against Injective+4.516%55s7-day average — · you sell dearer than you buy

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

Long on Injective Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.042%−$4 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 4.516% dearer against Injective than usual: you sell high and buy low: +$452 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective NEAR/USDC PERP	4.1410	0.0033	pay 0.0004% / 1h	40m 15s	$578	$301K	12x
Short	KuCoin NEARUSDTM	4.3280	0.0100	get 0.0100% / 8h	3h 40m	$53.7M	$46.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Injective. 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 InjectivebpFee KuCoinbpOrdersPrice spread, now +4.516%Rate

Funding earned: $14
Price spread: +4.516% → 0.000%: $451.58
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $453.56
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; KuCoin: live order book, 4 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 Injective no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 4 min ago	1.15 bp	17.3 bp −$17	36.1 bp −$361	99.7 bp −$9,970	doesn't fit

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	4.3235	+4.406%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3248	+4.439%	$107K	$69K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3238	+4.415%	$162K	—	150x	as long as short
Injective NEAR/USDC PERPlong	+0.0033%	1h	4.1410	long leg	$578	$301K	12x
Coinbase International NEAR-PERP-INTX	+0.0056%	1h	4.3263	+4.475%	$2.3M	$15.9M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3220	+4.371%	$108K	$501K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3291	+4.543%	$265.6M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3246	+4.434%	$215.2M	$428.5M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3260	+4.468%	$61.4M	$291.7M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3400	+4.806%	$247K	−$0	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NEAR_USDT	+0.0100%	8h	4.3244	+4.429%	$31.9M	$61.0M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3280	+4.516%	$73.0M	$144.7M	200x	as long as short
KuCoin NEARUSDTMshort	+0.0100%	8h	4.3280	+4.516%	$53.7M	$46.2M	75x
Bitget NEARUSDT	+0.0100%	8h	4.3275	+4.504%	$71.2M	$128.9M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3260	+4.468%	—	$6.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3167	+4.244%	$8.3M	$17.9M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3357	+4.701%	$254K	$947K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3214	+4.357%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3400	+4.806%	$167K	$799K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3263	+4.475%	$271K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3287	+4.533%	$57K	$246K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3330	+4.637%	$1K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3390	+4.781%	$470K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3300	+4.564%	$3.7M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3239	+4.416%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3299	+4.561%	$201K	$37K	3x	as long as short
Kalshi KXNEARPERP	+0.0145%	8h	4.3047	+3.953%	$724K	$23.5M	2.2x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3280	+4.516%	$13.7M	$32.1M	75x	as long as short
Pacifica NEAR	+0.0263%	1h	4.3304	+4.573%	$411K	$1.2M	10x	as long as short
Aster NEARUSDT	+0.0309%	8h	4.3280	+4.516%	$2.8M	$5.6M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0320% / S −0.0194%	1h	4.3240	+4.420%	$231K	—	100x	as long as short
SoDEX NEAR-USD	+0.0397%	1h	4.3286	+4.530%	$8K	$49K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0493%	1h	4.3315	+4.600%	$1.4M	$6.6M	20x	as long as short
01 Exchange NEARUSD	+0.0520%	1h	4.3302	+4.569%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0618%	1h	4.3300	+4.564%	$355.2M	$321.2M	10x	as long as short
Arcus NEAR-USD	+0.0627%	1h	4.3290	+4.540%	$212K	$1.6M	10x	as long as short
Nado NEAR-PERP	+0.0639%	1h	4.3240	+4.420%	$1.8M	$3.1M	10x	as long as short
Extended NEAR-USD	+0.0688%	1h	4.3246	+4.434%	$3.8M	$19.8M	25x	as long as short
Kraken Futures PF_NEARUSD	+0.0712%	1h	4.3293	+4.548%	$7.6M	$39.3M	50x	as long as short
Lighter RH NEAR	+0.0872%	1h	4.3356	+4.699%	$1.5M	$7.4M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0929%	1h	4.3296	+4.554%	$1.9M	$8.9M	25x	as long as short
Phoenix NEAR	+0.0941%	1h	4.3302	+4.569%	$1.8M	$2.8M	10x	as long as short
Lighter NEAR	+0.1128%	1h	4.3361	+4.712%	$17.5M	$24.9M	15x	as long as short
RISEx NEAR/USDC	+0.1162%	1h	4.3260	+4.467%	$656K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1568%	1h	4.3304	+4.574%	$5K	$13K	10x	as long as short