Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0164%/8h= −18.0% APRpaid last 24h −0.047%

Price spread now: Coinbase International against KuCoin−0.085%7-day average −0.045% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$630.625% of the position

Long on KuCoin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.193%−$19 on $10k

Price spread, last 3 days (all we have)+0.263%+$26 · spread now −0.085%, 7d avg −0.045%

Together, before fees+0.070%+$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Coinbase International is 0.040% cheaper against KuCoin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.045%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NEARUSDTM	4.3350	0.0100	pay 0.0100% / 8h	6h 37m	$55.7M	$42.8M	75x
Short	Coinbase International NEAR-PERP-INTX	4.3313	−0.0064	pay 0.0008% / 1h	37m 46s	$2.1M	$13.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.085%Rate

Funding earned: −$34.44
Price spread: −0.085% → −0.045%: −$4.04
Slippage, 4 orders: −$40.53
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$101
Costs to cover: 0.625%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; Coinbase International: live order book, 1 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, 6 min ago	1.16 bp	19.4 bp −$19	41.0 bp −$410	104.6 bp −$10.5K	doesn't fit
Sell Coinbase International live order book, 1 min ago	6.12 bp	11.3 bp −$11	17.8 bp −$178	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	4.3298	−0.119%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTXshort	−0.0064%	1h	4.3313	−0.085%	$2.1M	$13.5M	50x
dYdX NEAR-USD	0.0000%	1h	4.3382	+0.073%	$108K	$69K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3251	−0.228%	$517K	$19.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3241	−0.251%	$201K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.475%	$578	$302K	12x	as long as short
Variational Omni NEAR	+0.0043%	8h	4.3108	−0.558%	$8.2M	$19.1M	—	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3290	−0.138%	$115K	$478K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.3257	−0.215%	$57K	$161K	20x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3385	+0.081%	$410K	$1.2M	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance NEARUSDT	+0.0100%	8h	4.3407	+0.132%	$259.4M	$1.06B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3400	+0.115%	$220.7M	$419.6M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3430	+0.185%	$61.1M	$281.4M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3340	−0.023%	$205K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3300	−0.115%	$247K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3279	−0.164%	$31.0M	$60.6M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3410	+0.138%	$75.8M	$137.9M	200x	as long as short
KuCoin NEARUSDTMlong	+0.0100%	8h	4.3350	long leg	$55.7M	$42.8M	75x
Bitget NEARUSDT	+0.0100%	8h	4.3325	−0.058%	$71.8M	$123.7M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3270	−0.185%	—	$142.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3211	−0.321%	$259K	$1.0M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3122	−0.525%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3250	−0.231%	$179K	$776K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3326	−0.055%	$214K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3320	−0.069%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3232	−0.272%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3440	+0.208%	$442K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3270	−0.185%	$3.8M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3371	+0.048%	$31K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3295	−0.126%	$3.8M	$17.3M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3234	−0.268%	$201K	$34K	3x	as long as short
Aster NEARUSDT	+0.0112%	8h	4.3369	+0.045%	$3.0M	$5.8M	50x	as long as short
Kraken Futures PF_NEARUSD	+0.0219%	1h	4.3242	−0.250%	$7.9M	$39.9M	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3220	−0.300%	$13.2M	$27.6M	75x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0305%	1h	4.3257	−0.215%	$1.9M	$4.1M	25x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0360% / S −0.0278%	1h	4.3250	−0.231%	$260K	—	100x	as long as short
01 Exchange NEARUSD	+0.0368%	1h	4.3339	−0.025%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0443%	1h	4.3290	−0.138%	$1.9M	$3.1M	10x	as long as short
RISEx NEAR/USDC	+0.0509%	1h	4.3322	−0.065%	$542K	$1.3M	10x	as long as short
Phoenix NEAR	+0.0592%	1h	4.3150	−0.461%	$1.8M	$2.6M	10x	as long as short
Lighter RH NEAR	+0.0656%	1h	4.3457	+0.247%	$1.6M	$6.9M	10x	as long as short
Hyperliquid NEAR	+0.0743%	1h	4.3395	+0.104%	$364.4M	$303.3M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0790%	1h	4.3325	−0.058%	$1.4M	$6.0M	20x	as long as short
Lighter NEAR	+0.1432%	1h	4.3457	+0.248%	$17.3M	$24.7M	15x	as long as short
Aftermath Perps NEARUSD	+0.1438%	1h	4.3211	−0.320%	$5K	$12K	10x	as long as short