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 +0.129%

Price spread now: HTX against KuCoin+0.206%7-day average +0.220% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

costs, in and out, $10k−$900.905% of the position

Long on KuCoin Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.606%+$61 on $10k

Price spread, last 3 days (all we have)+0.143%+$14 · spread now +0.206%, 7d avg +0.220%

Together, before fees+0.748%+$75 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NEARUSDTM	4.3610	0.0100	pay 0.0100% / 8h	6h 14m	$53.5M	$43.7M	75x
Short	HTX NEAR-USDT	4.3700	0.0100	get 0.0100% / 8h	6h 14m	$453K	$4.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.206%Rate

Funding earned: $0
Price spread: +0.206% → +0.220%: −$1.33
Slippage, 4 orders: −$66.46
Fee KuCoin: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$91.79
Costs to cover: 0.905%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; HTX: live order book, 5 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, 5 min ago	1.12 bp	21.1 bp −$21	39.7 bp −$397	113.2 bp −$11.3K	doesn't fit
Sell HTX live order book, 5 min ago	13.48 bp	22.2 bp −$22	87.2 bp −$872	doesn't fit	doesn't fit

NEAR on 44 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	4.3587	−0.052%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0064%	1h	4.3582	−0.064%	$2.2M	$14.2M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3629	+0.044%	$108K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3732	+0.280%	$568K	$20.0M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3620	+0.022%	$193K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.045%	$578	$302K	12x	as long as short
Variational Omni NEAR	+0.0088%	8h	4.3887	+0.635%	$8.5M	$18.5M	—	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3660	+0.115%	$112K	$495K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3692	+0.187%	$411K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3599	−0.025%	$264.6M	$1.08B	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit NEARUSDT	+0.0100%	8h	4.3634	+0.055%	$221.0M	$421.3M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3640	+0.069%	$62.0M	$289.8M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3680	+0.161%	$208K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3850	+0.550%	$250K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3603	−0.016%	$31.4M	$62.8M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3610	0.000%	$75.1M	$143.5M	200x	as long as short
KuCoin NEARUSDTMlong	+0.0100%	8h	4.3610	long leg	$53.5M	$43.7M	75x
Bitget NEARUSDT	+0.0100%	8h	4.3620	+0.023%	$71.7M	$126.3M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3630	+0.046%	—	$143.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4564	+2.187%	$281K	$1.0M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4520	+2.086%	$1.5M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4540	+2.133%	$183K	$765K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3625	+0.034%	$211K	$3.6M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3663	+0.122%	$60K	$190K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3680	+0.161%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3630	+0.046%	$5K	$51K	10x	as long as short
HTX NEAR-USDTshort	+0.0100%	8h	4.3700	+0.206%	$453K	$4.0M	75x
Phemex NEARUSDT	+0.0100%	8h	4.3580	−0.069%	$3.8M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.3628	+0.041%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3622	+0.028%	$3.8M	$18.6M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3633	+0.053%	$203K	$34K	3x	as long as short
Aster NEARUSDT	+0.0176%	8h	4.3608	−0.006%	$3.0M	$5.8M	50x	as long as short
Kraken Futures PF_NEARUSD	+0.0217%	1h	4.3629	+0.043%	$8.0M	$40.8M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0254%	1h	4.3678	+0.156%	$1.9M	$4.2M	25x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0346% / S −0.0242%	1h	4.3605	−0.011%	$254K	—	100x	as long as short
Nado NEAR-PERP	+0.0412%	1h	4.3556	−0.123%	$1.9M	$3.1M	10x	as long as short
01 Exchange NEARUSD	+0.0416%	1h	4.3668	+0.133%	$13K	$7K	10x	as long as short
RISEx NEAR/USDC	+0.0509%	1h	4.3679	+0.159%	$551K	$1.3M	10x	as long as short
Phoenix NEAR	+0.0592%	1h	4.4150	+1.238%	$1.8M	$2.6M	10x	as long as short
Lighter RH NEAR	+0.0784%	1h	4.3681	+0.163%	$1.6M	$7.0M	10x	as long as short
Hyperliquid NEAR	+0.0895%	1h	4.3648	+0.087%	$367.6M	$309.6M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0912%	1h	4.3715	+0.241%	$1.5M	$6.3M	20x	as long as short
Aftermath Perps NEARUSD	+0.1666%	1h	4.4044	+0.995%	$6K	$12K	10x	as long as short
Lighter NEAR	+0.1768%	1h	4.3712	+0.233%	$17.5M	$25.7M	15x	as long as short