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: KuCoin against MEXC+0.116%7-day average +0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$410.410% of the position

Long on MEXC Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.005%$0 on $10k

Price spread, last 7 days−0.137%−$14 · spread now +0.116%, 7d avg +0.018%

Together, before fees−0.132%−$13 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: KuCoin is 0.098% dearer against MEXC than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC NEAR_USDT	4.3130	0.0100	pay 0.0100% / 8h	6h 59m	$73.8M	$135.4M	200x
Short	KuCoin NEARUSDTM	4.3180	0.0100	get 0.0100% / 8h	6h 59m	$55.7M	$42.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against MEXC. 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 MEXCbpFee KuCoinbpOrdersPrice spread, now +0.116%Rate

Funding earned: $0
Price spread: +0.116% → +0.018%: $9.76
Slippage, 4 orders: −$29.04
Fee MEXC: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$31.29
Costs to cover: 0.410%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; KuCoin: 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 MEXC live order book, 4 min ago	1.16 bp	1.2 bp −$1	5.7 bp −$57	86.0 bp −$8,602	114.8 bp −$57.4K
Sell KuCoin live order book, 4 min ago	2.31 bp	21.2 bp −$21	31.5 bp −$315	111.7 bp −$11.2K	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	−0.491%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0131%	1h	4.3065	−0.151%	$7.9M	$37.9M	50x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.3004	−0.292%	$2.1M	$13.2M	50x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2961	−0.392%	$379K	$18.8M	2.2x	as long as short
dYdX NEAR-USD	+0.0003%	1h	4.3096	−0.078%	$112K	$64K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3020	−0.255%	$156K	—	150x	as long as short
Variational Omni NEAR	+0.0016%	8h	4.2957	−0.400%	$8.2M	$18.8M	—	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.988%	$578	$302K	12x	as long as short
01 Exchange NEARUSD	+0.0056%	1h	4.2963	−0.387%	$13K	$7K	10x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2950	−0.417%	$114K	$473K	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.3033	−0.225%	$57K	$162K	20x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.3092	−0.089%	$3.0M	$5.8M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3174	+0.101%	$406K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3187	+0.132%	$257.9M	$1.05B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3130	0.000%	$219.6M	$416.9M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3130	0.000%	$60.8M	$276.8M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3170	+0.093%	$205K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3243	+0.261%	$246K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3148	+0.042%	$30.9M	$59.6M	75x	as long as short
MEXC NEAR_USDTlong	+0.0100%	8h	4.3130	long leg	$73.8M	$135.4M	200x
KuCoin NEARUSDTMshort	+0.0100%	8h	4.3180	+0.116%	$55.7M	$42.6M	75x
Bitget NEARUSDT	+0.0100%	8h	4.3160	+0.070%	$71.4M	$122.7M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3160	+0.070%	—	$142.3M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3202	+0.167%	$257K	$1.1M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3356	+0.524%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3200	+0.162%	$177K	$777K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2957	−0.401%	$207K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3090	−0.093%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3025	−0.243%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3100	−0.070%	$450K	$3.7M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3030	−0.232%	$3.8M	$8.4M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3113	−0.040%	$31K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3144	+0.033%	$3.8M	$17.3M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3019	−0.258%	$200K	$31K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2890	−0.556%	$13.1M	$27.5M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0376% / S −0.0308%	1h	4.3007	−0.284%	$274K	—	100x	as long as short
Nado NEAR-PERP	+0.0427%	1h	4.2930	−0.464%	$1.9M	$3.1M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0493%	1h	4.3128	−0.005%	$1.3M	$5.9M	20x	as long as short
Phoenix NEAR	+0.0499%	1h	4.3191	+0.141%	$1.8M	$2.7M	10x	as long as short
RISEx NEAR/USDC	+0.0509%	1h	4.3198	+0.158%	$414K	$1.2M	10x	as long as short
Lighter RH NEAR	+0.0528%	1h	4.3211	+0.188%	$1.6M	$6.9M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0564%	1h	4.3038	−0.213%	$1.9M	$3.9M	25x	as long as short
Aftermath Perps NEARUSD	+0.1474%	1h	4.3151	+0.048%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1784%	1h	4.3267	+0.318%	$17.3M	$24.3M	15x	as long as short
Hyperliquid NEAR	+0.2118%	1h	4.3187	+0.132%	$366.0M	$302.1M	10x	as long as short