Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0085%/8h= +9.3% APRpaid last 24h +0.009%

Price spread now: SoDEX against KuCoin+0.011%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NEARUSDTM	4.4160	0.0100	pay 0.0100% / 8h	1h 23m	$53.5M	$45.9M	75x
Short	SoDEX NEAR-USD	4.4165	0.0185	get 0.0023% / 1h	23m 03s	$5K	$52K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.011%Rate

Funding earned: $17.82
Price spread: +0.011% → 0.000%: $1.13
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$1.05
Costs to cover: 0.200%
Break-even: 7.4 days

Slippage unknown: KuCoin: live order book, 6 min ago; SoDEX: no order-book sample. Net counts fees only.

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, 6 min ago	2.28 bp	20.7 bp −$21	40.3 bp −$403	118.9 bp −$11.9K	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	4.4176	+0.036%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4162	+0.006%	$109K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4170	+0.023%	$165K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.227%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4190	+0.068%	$112K	$484K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4232	+0.163%	$224.2M	$430.4M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4240	+0.181%	$62.5M	$296.4M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4350	+0.430%	$253K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4154	−0.014%	$35.6M	$61.7M	75x	as long as short
KuCoin NEARUSDTMlong	+0.0100%	8h	4.4160	long leg	$53.5M	$45.9M	75x

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NEARUSDT	+0.0100%	8h	4.4226	+0.149%	$72.6M	$127.7M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4187	+0.062%	$8.8M	$18.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4030	−0.294%	$257K	$915K	20x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4010	−0.340%	$166K	$805K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4213	+0.120%	$291K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4213	+0.120%	$59K	$236K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4260	+0.226%	$2K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4270	+0.249%	$464K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4180	+0.045%	$3.6M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0104%	8h	4.4179	+0.043%	$32K	$585	10x	as long as short
GRVT NEAR_USDT_Perp	+0.0108%	8h	4.4030	−0.295%	$1.5M	$1.5M	10x	as long as short
Aevo NEAR-PERP	+0.0136%	1h	4.4205	+0.102%	$206K	$38K	3x	as long as short
Extended NEAR-USD	+0.0168%	1h	4.4217	+0.129%	$3.7M	$18.3M	25x	as long as short
SoDEX NEAR-USDshort	+0.0185%	1h	4.4165	+0.011%	$5K	$52K	10x
BingX NEAR-USDT	+0.0200%	8h	4.4220	+0.136%	—	$144.0M	—	as long as short
MEXC NEAR_USDT	+0.0208%	8h	4.4160	0.000%	$80.4M	$149.0M	200x	as long as short
Binance NEARUSDT	+0.0208%	8h	4.4249	+0.202%	$270.0M	$1.08B	75x	as long as short
Kalshi KXNEARPERP	+0.0251%	8h	4.4179	+0.043%	$1.0M	$24.9M	2.2x	as long as short
Aster NEARUSDT	+0.0304%	8h	4.4230	+0.159%	$2.8M	$4.9M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0315% / S −0.0198%	1h	4.4173	+0.029%	$235K	—	100x	as long as short
BloFin NEAR-USDT	+0.0328%	8h	4.4160	0.000%	$13.7M	$32.6M	75x	as long as short
Backpack NEAR_USDC_PERP	+0.0420%	1h	4.4209	+0.111%	$1.3M	$6.9M	20x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0424%	1h	4.4242	+0.186%	$2.3M	$16.8M	50x	as long as short
01 Exchange NEARUSD	+0.0456%	1h	4.4229	+0.156%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0481%	1h	4.4223	+0.143%	$360.8M	$312.6M	10x	as long as short
Nado NEAR-PERP	+0.0568%	1h	4.4176	+0.036%	$1.7M	$3.2M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0661%	1h	4.4162	+0.004%	$7.3M	$38.3M	50x	as long as short
Lighter NEAR	+0.0824%	1h	4.4187	+0.061%	$17.4M	$25.3M	15x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0837%	1h	4.4210	+0.113%	$1.9M	$13.0M	25x	as long as short
Arcus NEAR-USD	+0.0880%	1h	4.4240	+0.181%	$228K	$1.6M	10x	as long as short
Lighter RH NEAR	+0.0920%	1h	4.4205	+0.102%	$1.5M	$6.7M	10x	as long as short
Phoenix NEAR	+0.1003%	1h	4.4335	+0.396%	$1.8M	$2.5M	10x	as long as short
Pacifica NEAR	+0.1187%	1h	4.4205	+0.102%	$422K	$1.4M	10x	as long as short
RISEx NEAR/USDC	+0.1259%	1h	4.4216	+0.126%	$665K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1274%	1h	4.4228	+0.154%	$5K	$12K	10x	as long as short