Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0116%/8h= +12.7% APRpaid last 24h +0.079%

Price spread now: Kraken Futures against KuCoin+0.239%7-day average +0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$710.713% of the position

Long on KuCoin Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.179%+$18 on $10k

Price spread, last 3 days (all we have)−0.043%−$4 · spread now +0.239%, 7d avg +0.010%

Together, before fees+0.137%+$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Kraken Futures is 0.230% dearer against KuCoin than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of +0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NEARUSDTM	4.3730	0.0100	pay 0.0100% / 8h	6h 14m	$53.7M	$43.7M	75x
Short	Kraken Futures PF_NEARUSD	4.3835	0.0216	get 0.0027% / 1h	14m 45s	$8.0M	$40.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.239%Rate

Funding earned: $24.33
Price spread: +0.239% → +0.010%: $22.97
Slippage, 4 orders: −$49.31
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$24.02
Costs to cover: 0.713%
Break-even: 13.9 days

Slippage from KuCoin: live order book, 4 min ago; Kraken Futures: live order book, 4 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, 4 min ago	1.12 bp	21.1 bp −$21	39.7 bp −$397	113.2 bp −$11.3K	doesn't fit
Sell Kraken Futures live order book, 4 min ago	7.19 bp	21.1 bp −$21	24.6 bp −$246	51.4 bp −$5,138	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	4.3857	+0.291%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0064%	1h	4.3882	+0.348%	$2.2M	$14.3M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3762	+0.073%	$108K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3803	+0.167%	$591K	$20.0M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3840	+0.251%	$194K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.305%	$578	$302K	12x	as long as short
Variational Omni NEAR	+0.0088%	8h	4.3887	+0.359%	$8.5M	$18.5M	—	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3820	+0.206%	$112K	$495K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3815	+0.194%	$412K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3723	−0.017%	$265.4M	$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	4.3734	+0.009%	$221.5M	$421.0M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3710	−0.046%	$62.2M	$290.1M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3890	+0.366%	$209K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3850	+0.274%	$250K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3713	−0.039%	$31.5M	$62.8M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3740	+0.023%	$75.0M	$143.4M	200x	as long as short
KuCoin NEARUSDTMlong	+0.0100%	8h	4.3730	long leg	$53.7M	$43.7M	75x
Bitget NEARUSDT	+0.0100%	8h	4.3723	−0.016%	$71.9M	$126.3M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3710	−0.046%	—	$143.5M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4564	+1.907%	$281K	$1.0M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4520	+1.806%	$1.5M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4540	+1.852%	$183K	$765K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3888	+0.361%	$210K	$3.6M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3836	+0.242%	$60K	$190K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3900	+0.389%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3835	+0.240%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3850	+0.274%	$453K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3750	+0.046%	$3.9M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.3783	+0.120%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3739	+0.021%	$3.8M	$18.5M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3855	+0.286%	$204K	$34K	3x	as long as short
Aster NEARUSDT	+0.0176%	8h	4.3696	−0.078%	$3.0M	$5.8M	50x	as long as short
Kraken Futures PF_NEARUSDshort	+0.0216%	1h	4.3835	+0.239%	$8.0M	$40.8M	50x
Deribit NEAR_USDC-PERPETUAL	+0.0343%	1h	4.3862	+0.302%	$1.9M	$4.2M	25x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0347% / S −0.0242%	1h	4.3833	+0.236%	$255K	—	100x	as long as short
Nado NEAR-PERP	+0.0407%	1h	4.3860	+0.297%	$1.9M	$3.1M	10x	as long as short
01 Exchange NEARUSD	+0.0416%	1h	4.3859	+0.295%	$13K	$7K	10x	as long as short
RISEx NEAR/USDC	+0.0509%	1h	4.3860	+0.297%	$554K	$1.3M	10x	as long as short
Phoenix NEAR	+0.0592%	1h	4.4150	+0.960%	$1.8M	$2.6M	10x	as long as short
Lighter RH NEAR	+0.0784%	1h	4.3778	+0.110%	$1.6M	$7.0M	10x	as long as short
Hyperliquid NEAR	+0.0898%	1h	4.3799	+0.158%	$368.9M	$309.5M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0912%	1h	4.3715	−0.034%	$1.5M	$6.3M	20x	as long as short
Aftermath Perps NEARUSD	+0.1638%	1h	4.4124	+0.900%	$6K	$12K	10x	as long as short
Lighter NEAR	+0.1760%	1h	4.3886	+0.356%	$17.6M	$25.7M	15x	as long as short