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 0.000%

Price spread now: OKX against KuCoin+0.140%7-day average −0.042% · 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−$37as in the Price arb table

costs, in and out, $10k−$550.548% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.023%+$2 on $10k

Price spread, last 7 days−0.133%−$13 · spread now +0.140%, 7d avg −0.042%

Together, before fees−0.110%−$11 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.182% dearer against KuCoin than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of −0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NEARUSDTM	4.2960	0.0100	pay 0.0100% / 8h	7h 00m	$55.4M	$42.6M	75x
Short	OKX NEAR-USDT-SWAP	4.3020	0.0100	get 0.0100% / 8h	7h 00m	$60.6M	$276.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.140%Rate

Funding earned: $0
Price spread: +0.140% → −0.042%: $18.15
Slippage, 4 orders: −$32.85
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$36.7
Costs to cover: 0.548%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; OKX: 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	2.31 bp	15.2 bp −$15	41.8 bp −$418	115.7 bp −$11.6K	doesn't fit
Sell OKX live order book, 4 min ago	1.16 bp	8.5 bp −$9	17.2 bp −$172	40.9 bp −$4,092	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	4.2918	−0.097%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0131%	1h	4.2897	−0.147%	$7.9M	$38.0M	50x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.2854	−0.247%	$2.1M	$13.1M	50x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2977	+0.040%	$379K	$18.8M	2.2x	as long as short
dYdX NEAR-USD	+0.0004%	1h	4.2931	−0.067%	$111K	$64K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3020	+0.140%	$156K	—	150x	as long as short
Variational Omni NEAR	+0.0016%	8h	4.2957	−0.006%	$8.2M	$18.8M	—	as long as short
Phemex NEARUSDT	+0.0018%	8h	4.2910	−0.116%	$3.8M	$8.4M	50x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.608%	$578	$302K	12x	as long as short
01 Exchange NEARUSD	+0.0056%	1h	4.2963	+0.007%	$13K	$7K	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex NEARUSDT	+0.0096%	1h	4.2950	−0.023%	$114K	$473K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.3033	+0.170%	$57K	$162K	20x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2970	+0.023%	$3.0M	$5.8M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.2969	+0.021%	$400K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2995	+0.081%	$256.7M	$1.05B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3018	+0.135%	$219.2M	$416.8M	75x	as long as short
OKX NEAR-USDT-SWAPshort	+0.0100%	8h	4.3020	+0.140%	$60.6M	$276.1M	50x
Arcus NEAR-USD	+0.0100%	1h	4.2980	+0.047%	$204K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3243	+0.658%	$246K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2969	+0.021%	$30.8M	$61.5M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2940	−0.047%	$73.3M	$142.4M	200x	as long as short
KuCoin NEARUSDTMlong	+0.0100%	8h	4.2960	long leg	$55.4M	$42.6M	75x
Bitget NEARUSDT	+0.0100%	8h	4.3019	+0.137%	$71.2M	$122.5M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3020	+0.140%	—	$142.3M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3202	+0.563%	$257K	$1.1M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3356	+0.922%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3200	+0.559%	$177K	$777K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2957	−0.007%	$207K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2980	+0.047%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2900	−0.140%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.2980	+0.047%	$453K	$3.6M	75x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2942	−0.043%	$31K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2944	−0.037%	$3.8M	$17.3M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3019	+0.137%	$200K	$31K	3x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0216%	1h	4.2981	+0.049%	$1.9M	$3.9M	25x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2890	−0.163%	$13.1M	$27.5M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0376% / S −0.0308%	1h	4.3007	+0.110%	$274K	—	100x	as long as short
Nado NEAR-PERP	+0.0427%	1h	4.2930	−0.070%	$1.9M	$3.1M	10x	as long as short
RISEx NEAR/USDC	+0.0428%	1h	4.2981	+0.050%	$410K	$1.2M	10x	as long as short
Hyperliquid NEAR	+0.0468%	1h	4.3014	+0.126%	$364.5M	$302.0M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0494%	1h	4.2955	−0.012%	$1.3M	$5.9M	20x	as long as short
Phoenix NEAR	+0.0499%	1h	4.3191	+0.538%	$1.8M	$2.7M	10x	as long as short
Lighter RH NEAR	+0.0520%	1h	4.3011	+0.119%	$1.6M	$7.0M	10x	as long as short
Aftermath Perps NEARUSD	+0.1474%	1h	4.3151	+0.444%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1760%	1h	4.3090	+0.302%	$17.2M	$24.8M	15x	as long as short