Settings8H · net · $10k
Funding arb · Price arb /

NEAR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Polymarket Perps against KuCoin−0.014%7-day average +0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$530.526% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.007%+$1 on $10k
Price spread, last 7 days+0.052%+$5 · spread now −0.014%, 7d avg +0.009%
Together, before fees+0.059%+$6 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: Polymarket Perps is 0.023% cheaper against KuCoin than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.009%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin NEARUSDTM4.34400.0100pay 0.0100% / 8h6h 37m$55.8M$42.8M75x
ShortPolymarket Perps NEAR-USD4.34340.0100get 0.0013% / 1h37m 24s$214K$3.5M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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

Funding earned
$0
Price spread: −0.014% → +0.009%
−$2.26
Slippage, 4 orders
−$32.59
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$54.85
Costs to cover
0.526%
Break-even
never at this rate
Slippage from KuCoin: live order book, 7 min ago; Polymarket Perps: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 7 min ago1.16 bp19.4 bp −$1941.0 bp −$410104.6 bp −$10.5Kdoesn't fit
Sell Polymarket Perps live order book, 2 min ago4.04 bp8.2 bp −$823.5 bp −$235doesn't fitdoesn't fit

NEAR on 45 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya NEARRUSDPERP−0.0171%1h4.3381−0.136%$2K20xas long as short
Coinbase International NEAR-PERP-INTX−0.0064%1h4.3313−0.292%$2.1M$13.5M50xas long as short
dYdX NEAR-USD0.0000%1h4.3382−0.135%$108K$69K10xas long as short
Kalshi KXNEARPERP0.0000%8h4.3251−0.435%$517K$19.5M2.2xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0004%1h4.3399−0.093%$201K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−4.673%$578$302K12xas long as short
Variational Omni NEAR+0.0043%8h4.3108−0.764%$8.2M$19.1Mas long as short
Popdex NEARUSDT+0.0096%1h4.3430−0.023%$116K$478K50xas long as short
Orderly PERP_NEAR_USDC+0.0099%8h4.3393−0.108%$58K$161K20xas long as short
Pacifica NEAR+0.0100%1h4.3385−0.126%$410K$1.2M10xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance NEARUSDT+0.0100%8h4.3420−0.046%$259.4M$1.06B75xas long as short
Bybit NEARUSDT+0.0100%8h4.3385−0.127%$220.7M$419.8M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.3380−0.138%$61.2M$281.2M50xas long as short
Arcus NEAR-USD+0.0100%1h4.3470+0.069%$206K$1.8M10xas long as short
Bulk NEAR-USD+0.0100%1h4.3300−0.322%$247K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.3403−0.085%$31.2M$60.6M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.3400−0.092%$75.7M$137.9M200xas long as short
KuCoin NEARUSDTMlong+0.0100%8h4.3440long leg$55.8M$42.8M75x
Bitget NEARUSDT+0.0100%8h4.3382−0.134%$71.9M$123.7M75xas long as short
BingX NEAR-USDC+0.0100%8h4.3390−0.115%$6.6Mas long as short
edgeX NEARUSDC+0.0100%4h4.3236−0.469%$260K$1.0M20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.3339−0.231%$1.4M$1.3M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.3230−0.483%$179K$775K50xas long as short
Polymarket Perps NEAR-USDshort+0.0100%1h4.3434−0.014%$214K$3.5M10x
SunX NEAR-USDT+0.0100%8h4.3480+0.092%$2K$1.4M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.3232−0.479%$5K$51K10xas long as short
HTX NEAR-USDT+0.0100%8h4.34400.000%$442K$3.9M75xas long as short
Phemex NEARUSDT+0.0100%8h4.3270−0.391%$3.8M$8.3M50xas long as short
Paradex NEAR-USD-PERP+0.0100%8h4.3371−0.159%$31K$60810xas long as short
Extended NEAR-USD+0.0104%1h4.3419−0.048%$3.8M$17.3M25xas long as short
Aevo NEAR-PERP+0.0104%1h4.3384−0.129%$202K$34K3xas long as short
Aster NEARUSDT+0.0112%8h4.3482+0.096%$3.0M$5.8M50xas long as short
Kraken Futures PF_NEARUSD+0.0219%1h4.3242−0.457%$7.9M$39.9M50xas long as short
BloFin NEAR-USDT+0.0220%8h4.3220−0.506%$13.2M$27.6M75xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0305%1h4.3257−0.421%$1.9M$4.1M25xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0360% / S −0.0278%1h4.3392−0.111%$260K100xas long as short
01 Exchange NEARUSD+0.0368%1h4.3475+0.081%$13K$7K10xas long as short
Nado NEAR-PERP+0.0442%1h4.3430−0.023%$1.9M$3.1M10xas long as short
RISEx NEAR/USDC+0.0509%1h4.3479+0.090%$544K$1.3M10xas long as short
Phoenix NEAR+0.0592%1h4.3434−0.014%$1.8M$2.6M10xas long as short
Lighter RH NEAR+0.0656%1h4.3457+0.039%$1.6M$6.9M10xas long as short
Hyperliquid NEAR+0.0742%1h4.3467+0.063%$364.9M$303.4M10xas long as short
Backpack NEAR_USDC_PERP+0.0790%1h4.3325−0.265%$1.4M$6.0M20xas long as short
Lighter NEAR+0.1432%1h4.3457+0.040%$17.3M$24.7M15xas long as short
Aftermath Perps NEARUSD+0.1439%1h4.3261−0.411%$5K$12K10xas long as short