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

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

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

Long on KuCoin Short on Bitget

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: Bitget is 0.091% dearer against KuCoin than usual: you sell high and buy low, +$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	KuCoin NEARUSDTM	4.3530	0.0100	pay 0.0100% / 8h	2m 21s	$52.8M	$45.9M	75x
Short	Bitget NEARUSDT	4.3547	0.0100	get 0.0100% / 8h	2m 21s	$72.0M	$127.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against KuCoin. 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 KuCoinbpFee BitgetbpOrdersPrice spread, now +0.039%Rate

Funding earned: $0
Price spread: +0.039% → −0.052%: $9.09
Slippage, 4 orders: −$30.08
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$44.99
Costs to cover: 0.541%
Break-even: never at this rate

Slippage from KuCoin: live order book, 7 min ago; Bitget: live order book, 2 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 KuCoin live order book, 7 min ago	2.29 bp	14.5 bp −$14	31.5 bp −$315	112.5 bp −$11.3K	doesn't fit
Sell Bitget live order book, 2 min ago	0.12 bp	10.4 bp −$10	12.6 bp −$126	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	4.3529	−0.002%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3534	+0.009%	$107K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3591	+0.141%	$163K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0017%	1h	4.3621	+0.208%	$7.2M	$38.7M	50x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.870%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3530	0.000%	$114K	$500K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3530	0.000%	$219.3M	$430.0M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3560	+0.069%	$61.4M	$295.8M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3750	+0.505%	$249K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3513	−0.039%	$35.8M	$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 NEARUSDTMlong	+0.0100%	8h	4.3530	long leg	$52.8M	$45.9M	75x
Bitget NEARUSDTshort	+0.0100%	8h	4.3547	+0.039%	$72.0M	$127.9M	75x
Variational Omni NEAR	+0.0100%	8h	4.3549	+0.044%	$8.9M	$18.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3722	+0.442%	$253K	$896K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3681	+0.348%	$1.4M	$1.6M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3680	+0.345%	$167K	$816K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3550	+0.046%	$272K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3579	+0.113%	$58K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3630	+0.230%	$1K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3625	+0.218%	$5K	$50K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3620	+0.207%	$3.5M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3521	−0.020%	$31K	$585	10x	as long as short
Aster NEARUSDT	+0.0102%	8h	4.3525	−0.011%	$2.7M	$4.8M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3525	−0.013%	$3.6M	$16.4M	25x	as long as short
Aevo NEAR-PERP	+0.0120%	1h	4.3584	+0.124%	$203K	$40K	3x	as long as short
Hyperliquid NEAR	+0.0130%	1h	4.3556	+0.060%	$350.9M	$316.3M	10x	as long as short
Binance NEARUSDT	+0.0142%	8h	4.3519	−0.025%	$262.9M	$1.09B	75x	as long as short
MEXC NEAR_USDT	+0.0144%	8h	4.3520	−0.023%	$88.7M	$154.7M	200x	as long as short
HTX NEAR-USDT	+0.0159%	8h	4.3690	+0.368%	$465K	$3.8M	75x	as long as short
BingX NEAR-USDC	+0.0162%	8h	4.3530	0.000%	—	$6.7M	—	as long as short
Kalshi KXNEARPERP	+0.0169%	8h	4.3521	−0.021%	$940K	$25.1M	2.2x	as long as short
01 Exchange NEARUSD	+0.0232%	1h	4.3561	+0.071%	$13K	$7K	10x	as long as short
BloFin NEAR-USDT	+0.0264%	8h	4.3630	+0.230%	$13.4M	$32.1M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0342% / S −0.0242%	1h	4.3590	+0.137%	$253K	—	100x	as long as short
Nado NEAR-PERP	+0.0370%	1h	4.3505	−0.057%	$1.6M	$3.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0473%	1h	4.3666	+0.312%	$1.1M	$7.2M	20x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.3621	+0.209%	$2.3M	$17.0M	50x	as long as short
Lighter RH NEAR	+0.0496%	1h	4.3573	+0.099%	$1.5M	$6.8M	10x	as long as short
Lighter NEAR	+0.0560%	1h	4.3593	+0.145%	$17.2M	$25.4M	15x	as long as short
Arcus NEAR-USD	+0.0638%	1h	4.3570	+0.092%	$228K	$1.5M	10x	as long as short
Pacifica NEAR	+0.0949%	1h	4.3538	+0.018%	$410K	$1.4M	10x	as long as short
Phoenix NEAR	+0.0949%	1h	4.3702	+0.395%	$1.8M	$2.4M	10x	as long as short
RISEx NEAR/USDC	+0.0965%	1h	4.3559	+0.065%	$604K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1121%	1h	4.3590	+0.138%	$5K	$7K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1355%	1h	4.3690	+0.368%	$1.9M	$13.1M	25x	as long as short