Funding arb · Price arb /

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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 −0.012%

Price spread now: Variational Omni against KuCoin+0.266%7-day average −0.007% · you sell dearer than you buy

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

Long on KuCoin Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.012%−$1 on $10k

Price spread, last 7 days−0.300%−$30 · spread now +0.266%, 7d avg −0.007%

Together, before fees−0.312%+ Points / potential airdropVariational Omni: Active · farm board−$31 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: Variational Omni is 0.272% dearer against KuCoin than usual: you sell high and buy low, +$27 on $10k if it goes back to its 7-day average of −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NEARUSDTM	4.3810	0.0100	pay 0.0100% / 8h	5h 48m	$54.7M	$44.0M	75x
Short	Variational Omni NEAR	4.3926	0.0100	get 0.0100% / 8h	5h 48m	$8.5M	$18.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.266%Rate

Funding earned: $0
Price spread: +0.266% → −0.007%: $27.24
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $15.24
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: KuCoin: live order book, 6 min ago; Variational Omni: RFQ quote, 1 min ago. 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	1.14 bp	14.3 bp −$14	23.9 bp −$239	84.1 bp −$8,410	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	3.86 bp	doesn't fit	12.0 bp −$120	30.0 bp −$3,004	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	4.3707	−0.235%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.3541	−0.614%	$2.2M	$14.1M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3708	−0.233%	$108K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3580	−0.525%	$548K	$19.3M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3546	−0.604%	$197K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.478%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3770	−0.091%	$115K	$484K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3705	−0.240%	$413K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3765	−0.103%	$265.7M	$1.07B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3705	−0.240%	$220.9M	$416.7M	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3690	−0.274%	$62.3M	$288.6M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3657	−0.349%	$249K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3746	−0.146%	$31.5M	$61.8M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3740	−0.160%	$75.4M	$139.9M	200x	as long as short
KuCoin NEARUSDTMlong	+0.0100%	8h	4.3810	long leg	$54.7M	$44.0M	75x
Bitget NEARUSDT	+0.0100%	8h	4.3715	−0.217%	$71.8M	$126.1M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3750	−0.137%	—	$144.1M	—	as long as short
Variational Omni NEARshort	+0.0100%	8h	4.3926	+0.266%	$8.5M	$18.2M	—
edgeX NEARUSDC	+0.0100%	4h	4.3800	−0.022%	$268K	$994K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3910	+0.228%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3790	−0.046%	$195K	$778K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3744	−0.151%	$206K	$3.6M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3559	−0.573%	$60K	$190K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3710	−0.228%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3565	−0.559%	$5K	$50K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3640	−0.388%	$456K	$3.8M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3610	−0.457%	$3.8M	$8.1M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3732	−0.177%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3726	−0.192%	$3.8M	$18.5M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3575	−0.536%	$203K	$34K	3x	as long as short
Aster NEARUSDT	+0.0193%	8h	4.3693	−0.266%	$3.0M	$5.5M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0232%	1h	4.3575	−0.536%	$1.9M	$4.3M	25x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0348% / S −0.0244%	1h	4.3550	−0.592%	$255K	—	100x	as long as short
Nado NEAR-PERP	+0.0385%	1h	4.3725	−0.194%	$1.9M	$3.0M	10x	as long as short
01 Exchange NEARUSD	+0.0392%	1h	4.3790	−0.046%	$13K	$7K	10x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.3810	0.000%	$209K	$1.7M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0658%	1h	4.3688	−0.278%	$1.4M	$6.4M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0707%	1h	4.3586	−0.511%	$8.1M	$41.0M	50x	as long as short
Lighter RH NEAR	+0.0760%	1h	4.3715	−0.217%	$1.6M	$6.9M	10x	as long as short
Hyperliquid NEAR	+0.0763%	1h	4.3720	−0.205%	$368.2M	$304.6M	10x	as long as short
Phoenix NEAR	+0.0855%	1h	4.3944	+0.306%	$1.8M	$2.7M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.3789	−0.047%	$552K	$1.3M	10x	as long as short
Lighter NEAR	+0.1208%	1h	4.3728	−0.187%	$17.5M	$25.6M	15x	as long as short
Aftermath Perps NEARUSD	+0.1703%	1h	4.3758	−0.118%	$6K	$12K	10x	as long as short