Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Popdex against KuCoin−0.023%7-day average −0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$800.796% of the position

Long on KuCoin Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.007%−$1 on $10k

Price spread, last 4 days (all we have)−0.076%−$8 · spread now −0.023%, 7d avg −0.020%

Together, before fees−0.083%−$8 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NEARUSDTM	4.3290	0.0100	pay 0.0100% / 8h	3h 38m	$53.7M	$46.2M	75x
Short	Popdex NEARUSDT	4.3280	0.0096	get 0.0012% / 1h	38m 58s	$108K	$501K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now −0.023%Rate

Funding earned: −$0.84
Price spread: −0.023% → −0.020%: −$0.3
Slippage, 4 orders: −$61.21
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$80.74
Costs to cover: 0.796%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; Popdex: live order book, 15 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	1.15 bp	18.0 bp −$18	26.9 bp −$269	96.3 bp −$9,628	doesn't fit
Sell Popdex live order book, 15 min ago	14.94 bp	23.2 bp −$23	57.1 bp −$571	doesn't fit	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	4.3232	−0.133%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3274	−0.037%	$107K	$69K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3228	−0.144%	$162K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.343%	$578	$301K	12x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0056%	1h	4.3283	−0.016%	$2.3M	$15.8M	50x	as long as short
Popdex NEARUSDTshort	+0.0096%	1h	4.3280	−0.023%	$108K	$501K	50x
Binance NEARUSDT	+0.0100%	8h	4.3260	−0.069%	$265.4M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3220	−0.162%	$214.9M	$428.3M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3220	−0.162%	$61.4M	$291.4M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3400	+0.254%	$247K	−$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	4.3261	−0.067%	$31.9M	$61.0M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3280	−0.023%	$72.9M	$144.8M	200x	as long as short
KuCoin NEARUSDTMlong	+0.0100%	8h	4.3290	long leg	$53.7M	$46.2M	75x
Bitget NEARUSDT	+0.0100%	8h	4.3219	−0.164%	$71.0M	$128.9M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3270	−0.046%	—	$146.3M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3167	−0.283%	$8.3M	$17.9M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3214	−0.177%	$253K	$947K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3296	+0.014%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3400	+0.254%	$167K	$799K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3301	+0.025%	$271K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3262	−0.065%	$57K	$246K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3330	+0.092%	$1K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3350	+0.139%	$470K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3260	−0.069%	$3.7M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3287	−0.008%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3285	−0.012%	$201K	$37K	3x	as long as short
Kalshi KXNEARPERP	+0.0202%	8h	4.3332	+0.097%	$742K	$23.4M	2.2x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3290	0.000%	$13.6M	$32.2M	75x	as long as short
Pacifica NEAR	+0.0263%	1h	4.3321	+0.072%	$407K	$1.3M	10x	as long as short
Aster NEARUSDT	+0.0315%	8h	4.3290	0.000%	$2.8M	$5.6M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0321% / S −0.0195%	1h	4.3223	−0.155%	$232K	—	100x	as long as short
SoDEX NEAR-USD	+0.0383%	1h	4.3250	−0.092%	$8K	$49K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0515%	1h	4.3279	−0.025%	$1.4M	$6.7M	20x	as long as short
01 Exchange NEARUSD	+0.0520%	1h	4.3330	+0.092%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0627%	1h	4.3277	−0.029%	$1.8M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0627%	1h	4.3350	+0.139%	$212K	$1.6M	10x	as long as short
Hyperliquid NEAR	+0.0635%	1h	4.3309	+0.044%	$355.2M	$317.3M	10x	as long as short
Extended NEAR-USD	+0.0696%	1h	4.3206	−0.194%	$3.8M	$19.8M	25x	as long as short
Kraken Futures PF_NEARUSD	+0.0712%	1h	4.3259	−0.072%	$7.6M	$39.3M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0814%	1h	4.3277	−0.030%	$1.9M	$8.9M	25x	as long as short
Lighter RH NEAR	+0.0848%	1h	4.3324	+0.079%	$1.5M	$7.4M	10x	as long as short
Phoenix NEAR	+0.0941%	1h	4.3371	+0.187%	$1.8M	$2.8M	10x	as long as short
Lighter NEAR	+0.1128%	1h	4.3327	+0.085%	$17.5M	$24.9M	15x	as long as short
RISEx NEAR/USDC	+0.1162%	1h	4.3333	+0.100%	$657K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1558%	1h	4.3301	+0.026%	$5K	$13K	10x	as long as short