Funding arb · Price arb /

NEAR

all NEAR markets

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 −0.006%

Price spread now: Bybit against KuCoin−0.047%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−$46as in the Price arb table

costs, in and out, $10k−$460.458% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.017%−$2 on $10k

Price spread, last 7 days+0.040%+$4 · spread now −0.047%, 7d avg −0.043%

Together, before fees+0.022%+$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NEARUSDTM	4.4690	0.0100	pay 0.0100% / 8h	5h 44m	$53.1M	$43.8M	75x
Short	Bybit NEARUSDT	4.4669	0.0100	get 0.0100% / 8h	5h 44m	$230.7M	$427.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.047%Rate

Funding earned: $0
Price spread: −0.047% → −0.043%: −$0.44
Slippage, 4 orders: −$22.8
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$46.24
Costs to cover: 0.458%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; Bybit: 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, 2 min ago	2.23 bp	17.4 bp −$17	33.0 bp −$330	95.4 bp −$9,536	doesn't fit
Sell Bybit live order book, 2 min ago	1.12 bp	8.8 bp −$9	13.8 bp −$138	30.2 bp −$3,022	148.3 bp −$74.2K

NEAR on 45 exchanges

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
Kraken Futures PF_NEARUSD	−0.0237%	1h	4.4672	−0.039%	$7.4M	$36.9M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.4684	−0.013%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4725	+0.078%	$110K	$53K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4712	+0.049%	$841K	$26.1M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4671	−0.043%	$168K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.339%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4750	+0.134%	$123K	$504K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.4681	−0.020%	$2.6M	$4.7M	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4690	0.000%	$271.1M	$1.08B	75x	as long as short
Bybit NEARUSDTshort	+0.0100%	8h	4.4669	−0.047%	$230.7M	$427.0M	75x

Show all 45 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4670	−0.045%	$63.9M	$297.0M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4750	+0.134%	$267K	$12K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4644	−0.103%	$39.7M	$62.1M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4690	0.000%	$76.1M	$168.0M	200x	as long as short
KuCoin NEARUSDTMlong	+0.0100%	8h	4.4690	long leg	$53.1M	$43.8M	75x
Bitget NEARUSDT	+0.0100%	8h	4.4651	−0.087%	$74.1M	$126.2M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.4660	−0.067%	—	$76.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4714	+0.053%	$8.9M	$16.4M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4825	+0.302%	$265K	$871K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4781	+0.203%	$1.5M	$1.7M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4820	+0.291%	$167K	$822K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4723	+0.074%	$274K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4676	−0.031%	$58K	$269K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4730	+0.090%	$2K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4695	+0.011%	$5K	$34K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4750	+0.134%	$464K	$3.7M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4700	+0.022%	$3.3M	$8.0M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.4739	+0.109%	$33K	$245	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4655	−0.077%	$3.7M	$15.0M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4655	−0.079%	$208K	$38K	3x	as long as short
Hyperliquid NEAR	+0.0161%	1h	4.4693	+0.007%	$360.1M	$314.8M	10x	as long as short
01 Exchange NEARUSD	+0.0208%	1h	4.4746	+0.125%	$13K	$4K	10x	as long as short
Nado NEAR-PERP	+0.0219%	1h	4.4704	+0.032%	$1.8M	$3.1M	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4700	+0.022%	$12.9M	$32.4M	75x	as long as short
Lighter NEAR	+0.0232%	1h	4.4739	+0.110%	$17.5M	$23.3M	15x	as long as short
Lighter RH NEAR	+0.0336%	1h	4.4742	+0.116%	$1.5M	$5.9M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0341% / S −0.0226%	1h	4.4650	−0.089%	$262K	—	100x	as long as short
Arcus NEAR-USD	+0.0343%	1h	4.4760	+0.157%	$226K	$1.4M	10x	as long as short
RISEx NEAR/USDC	+0.0489%	1h	4.4751	+0.137%	$633K	$1.6M	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0504%	1h	4.4797	+0.239%	$2.3M	$17.5M	50x	as long as short
Backpack NEAR_USDC_PERP	+0.0610%	1h	4.4707	+0.038%	$1.1M	$7.1M	20x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0691%	1h	4.4694	+0.009%	$1.9M	$13.0M	25x	as long as short
Phoenix NEAR	+0.0741%	1h	4.4913	+0.499%	$1.7M	$2.7M	10x	as long as short
Pacifica NEAR	+0.0851%	1h	4.4751	+0.136%	$419K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1125%	1h	4.4817	+0.284%	$6K	$6K	10x	as long as short