Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bulk against KuCoin+0.315%7-day average −0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$650.652% of the position

Long on KuCoin Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.005%−$1 on $10k

Price spread, last 4 days (all we have)−0.890%−$89 · spread now +0.315%, 7d avg −0.024%

Together, before fees−0.895%−$89 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: Bulk is 0.339% dearer against KuCoin than usual: you sell high and buy low, +$34 on $10k if it goes back to its 7-day average of −0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NEARUSDTM	4.3520	0.0100	pay 0.0100% / 8h	5h 46m	$54.6M	$44.2M	75x
Short	Bulk NEAR-USD	4.3657	0.0100	get 0.0013% / 1h	46m 35s	$249K	−$0	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now +0.315%Rate

Funding earned: $0
Price spread: +0.315% → −0.024%: $33.87
Slippage, 4 orders: −$46.2
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$31.33
Costs to cover: 0.652%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; Bulk: live order book, 17 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, 2 min ago	1.14 bp	17.4 bp −$17	28.5 bp −$285	90.7 bp −$9,070	doesn't fit
Sell Bulk live order book, 17 min ago	11.45 bp	15.0 bp −$15	15.0 bp −$150	35.6 bp −$3,556	59.8 bp −$29.9K

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	4.3647	+0.291%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.3661	+0.324%	$2.2M	$14.1M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3472	−0.110%	$107K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3642	+0.280%	$567K	$19.3M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3620	+0.229%	$198K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.848%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3540	+0.046%	$114K	$483K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3470	−0.115%	$410K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3503	−0.040%	$264.5M	$1.07B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3550	+0.069%	$219.6M	$416.8M	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	4.3540	+0.046%	$61.9M	$287.8M	50x	as long as short
Bulk NEAR-USDshort	+0.0100%	1h	4.3657	+0.315%	$249K	−$0	10x
Gate NEAR_USDT	+0.0100%	8h	4.3485	−0.080%	$31.3M	$61.9M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3510	−0.023%	$74.9M	$140.0M	200x	as long as short
KuCoin NEARUSDTMlong	+0.0100%	8h	4.3520	long leg	$54.6M	$44.2M	75x
Bitget NEARUSDT	+0.0100%	8h	4.3469	−0.117%	$71.4M	$126.2M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3510	−0.023%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3926	+0.934%	$8.5M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3629	+0.250%	$262K	$1.0M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3910	+0.896%	$1.5M	$1.4M	10x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3701	+0.416%	$206K	$3.6M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3599	+0.182%	$60K	$190K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3690	+0.391%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3585	+0.149%	$5K	$50K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3690	+0.391%	$457K	$3.8M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3590	+0.161%	$3.8M	$8.1M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3468	−0.119%	$31K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3477	−0.098%	$3.8M	$18.5M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3623	+0.237%	$203K	$34K	3x	as long as short
Aster NEARUSDT	+0.0194%	8h	4.3468	−0.120%	$3.0M	$5.5M	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3510	−0.023%	—	$30.3M	75x	as long as short
ApeX Omni NEARUSDT	+0.0231%	1h	4.3580	+0.138%	$194K	$778K	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0277%	1h	4.3632	+0.257%	$1.9M	$4.3M	25x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0349% / S −0.0244%	1h	4.3608	+0.202%	$256K	—	100x	as long as short
01 Exchange NEARUSD	+0.0392%	1h	4.3525	+0.011%	$13K	$7K	10x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.3530	+0.023%	$207K	$1.7M	10x	as long as short
Nado NEAR-PERP	+0.0411%	1h	4.3525	+0.011%	$1.9M	$3.0M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0666%	1h	4.3649	+0.296%	$1.5M	$6.5M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0706%	1h	4.3611	+0.209%	$8.1M	$41.0M	50x	as long as short
Lighter RH NEAR	+0.0712%	1h	4.3564	+0.101%	$1.6M	$6.9M	10x	as long as short
Hyperliquid NEAR	+0.0729%	1h	4.3480	−0.092%	$366.0M	$304.9M	10x	as long as short
Phoenix NEAR	+0.0855%	1h	4.3669	+0.342%	$1.8M	$2.7M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.3530	+0.023%	$550K	$1.3M	10x	as long as short
Lighter NEAR	+0.1312%	1h	4.3566	+0.106%	$17.4M	$25.6M	15x	as long as short
Aftermath Perps NEARUSD	+0.1744%	1h	4.3724	+0.468%	$6K	$12K	10x	as long as short