Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0460%/8h= +50.4% APRpaid last 24h +0.006%

Price spread now: Extended against KuCoin−0.083%7-day average −0.075% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$420.418% of the position

Long on KuCoin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.022%+$2 on $10k

Price spread, last 7 days+0.116%+$12 · spread now −0.083%, 7d avg −0.075%

Together, before fees+0.138%+ Points / potential airdropExtended: Active · farm board+$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.075%, so right now this pair is about funding alone: +$14 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.022% in total (about 1.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NEARUSDTM	4.2940	0.0100	pay 0.0100% / 8h	3h 05m	$53.2M	$45.7M	75x
Short	Extended NEAR-USD	4.2904	0.0560	get 0.0070% / 1h	5m 38s	$3.7M	$19.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.083%Rate

Funding earned: $96.6
Price spread: −0.083% → −0.075%: −$0.83
Slippage, 4 orders: −$24.82
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $53.95
Costs to cover: 0.418%
Break-even: 3.1 days

Slippage from KuCoin: live order book, 8 min ago; Extended: live order book, 3 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, 8 min ago	2.30 bp	16.9 bp −$17	29.5 bp −$295	101.4 bp −$10.1K	doesn't fit
Sell Extended live order book, 3 min ago	0.46 bp	4.7 bp −$5	11.3 bp −$113	1089.0 bp −$108.9K	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	4.2987	+0.111%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2890	−0.117%	$106K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.2980	+0.093%	$162K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.563%	$578	$301K	12x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0056%	1h	4.3072	+0.307%	$2.3M	$15.8M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3000	+0.140%	$110K	$501K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2945	+0.012%	$262.3M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.2918	−0.051%	$212.7M	$426.4M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2910	−0.070%	$60.7M	$285.3M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3449	+1.185%	$248K	−$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	4.2906	−0.079%	$31.9M	$62.6M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2920	−0.047%	$71.9M	$147.3M	200x	as long as short
KuCoin NEARUSDTMlong	+0.0100%	8h	4.2940	long leg	$53.2M	$45.7M	75x
Bitget NEARUSDT	+0.0100%	8h	4.2913	−0.063%	$71.0M	$127.5M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.2930	−0.023%	—	$6.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.2987	+0.111%	$8.1M	$17.9M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3144	+0.475%	$252K	$948K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3206	+0.619%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3130	+0.442%	$166K	$795K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3039	+0.231%	$269K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3027	+0.203%	$57K	$246K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3090	+0.349%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3100	+0.373%	$462K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3010	+0.163%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2889	−0.118%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3037	+0.226%	$200K	$37K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3210	+0.629%	$13.5M	$31.9M	75x	as long as short
Kalshi KXNEARPERP	+0.0261%	8h	4.3104	+0.382%	$869K	$23.5M	2.2x	as long as short
Pacifica NEAR	+0.0263%	1h	4.2927	−0.029%	$396K	$1.3M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0322% / S −0.0198%	1h	4.2971	+0.072%	$232K	—	100x	as long as short
SoDEX NEAR-USD	+0.0333%	1h	4.2995	+0.128%	$6K	$53K	10x	as long as short
Aster NEARUSDT	+0.0334%	8h	4.2943	+0.006%	$2.8M	$5.5M	50x	as long as short
01 Exchange NEARUSD	+0.0528%	1h	4.2959	+0.044%	$13K	$7K	10x	as long as short
Extended NEAR-USDshort	+0.0560%	1h	4.2904	−0.083%	$3.7M	$19.8M	25x
Deribit NEAR_USDC-PERPETUAL	+0.0564%	1h	4.3017	+0.179%	$1.9M	$9.9M	25x	as long as short
Nado NEAR-PERP	+0.0567%	1h	4.3029	+0.208%	$1.8M	$3.1M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0567%	1h	4.3016	+0.177%	$1.3M	$6.8M	20x	as long as short
Hyperliquid NEAR	+0.0577%	1h	4.2954	+0.033%	$351.8M	$312.7M	10x	as long as short
Arcus NEAR-USD	+0.0627%	1h	4.2960	+0.047%	$211K	$1.6M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0717%	1h	4.2990	+0.116%	$7.5M	$38.9M	50x	as long as short
Lighter RH NEAR	+0.0920%	1h	4.2986	+0.107%	$1.5M	$7.4M	10x	as long as short
Phoenix NEAR	+0.0941%	1h	4.3324	+0.894%	$1.8M	$2.8M	10x	as long as short
Lighter NEAR	+0.1048%	1h	4.2987	+0.108%	$17.3M	$25.1M	15x	as long as short
RISEx NEAR/USDC	+0.1162%	1h	4.2937	−0.008%	$668K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1589%	1h	4.3223	+0.659%	$5K	$12K	10x	as long as short