Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0292%/8h= −31.9% APRpaid last 24h −0.001%

Price spread now: KuCoin against SoDEX+0.103%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on KuCoin

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 pays, funding is against you. KuCoin is 0.103% dearer against SoDEX than usual: you sell high and buy low (spread +0.103% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 28 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX NEAR-USD	4.3515	0.0392	pay 0.0049% / 1h	37m 07s	$8K	$49K	10x
Short	KuCoin NEARUSDTM	4.3560	0.0100	get 0.0100% / 8h	3h 37m	$54.1M	$46.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against SoDEX. 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 SoDEXbpFee KuCoinbpOrdersPrice spread, now +0.103%Rate

Funding earned: −$61.27
Price spread: +0.103% → 0.000%: $10.34
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$70.92
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; KuCoin: live order book, 2 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 SoDEX no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 2 min ago	1.15 bp	19.3 bp −$19	35.4 bp −$354	100.2 bp −$10.0K	doesn't fit

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	4.3463	−0.120%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3442	−0.167%	$107K	$69K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3459	−0.129%	$163K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.837%	$578	$301K	12x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0056%	1h	4.3531	+0.037%	$2.3M	$15.8M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3450	−0.149%	$109K	$502K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3560	+0.103%	$266.6M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3504	−0.025%	$216.3M	$428.5M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3510	−0.011%	$61.9M	$293.2M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3400	−0.264%	$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	4.3465	−0.115%	$32.1M	$61.0M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3550	+0.080%	$73.2M	$144.9M	200x	as long as short
KuCoin NEARUSDTMshort	+0.0100%	8h	4.3560	+0.103%	$54.1M	$46.2M	75x
Bitget NEARUSDT	+0.0100%	8h	4.3513	−0.005%	$71.4M	$128.8M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3520	+0.011%	—	$6.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3167	−0.799%	$8.3M	$17.9M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3304	−0.484%	$254K	$948K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3290	−0.517%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3280	−0.540%	$166K	$798K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3494	−0.048%	$277K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3534	+0.044%	$58K	$246K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3520	+0.011%	$1K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3570	+0.126%	$473K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3520	+0.011%	$3.7M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3430	−0.195%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3565	+0.115%	$203K	$37K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3530	+0.034%	$13.7M	$32.4M	75x	as long as short
Kalshi KXNEARPERP	+0.0234%	8h	4.3449	−0.152%	$759K	$23.3M	2.2x	as long as short
Pacifica NEAR	+0.0263%	1h	4.3460	−0.125%	$408K	$1.3M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0321% / S −0.0195%	1h	4.3468	−0.107%	$233K	—	100x	as long as short
Aster NEARUSDT	+0.0324%	8h	4.3532	+0.039%	$2.9M	$5.6M	50x	as long as short
SoDEX NEAR-USDlong	+0.0392%	1h	4.3515	long leg	$8K	$49K	10x
Backpack NEAR_USDC_PERP	+0.0517%	1h	4.3550	+0.080%	$1.4M	$6.7M	20x	as long as short
01 Exchange NEARUSD	+0.0520%	1h	4.3505	−0.023%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0593%	1h	4.3450	−0.148%	$1.8M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0627%	1h	4.3500	−0.034%	$213K	$1.6M	10x	as long as short
Hyperliquid NEAR	+0.0632%	1h	4.3499	−0.037%	$356.7M	$317.5M	10x	as long as short
Extended NEAR-USD	+0.0688%	1h	4.3508	−0.017%	$3.8M	$19.9M	25x	as long as short
Kraken Futures PF_NEARUSD	+0.0708%	1h	4.3528	+0.031%	$7.6M	$39.4M	50x	as long as short
Lighter RH NEAR	+0.0848%	1h	4.3592	+0.177%	$1.5M	$7.4M	10x	as long as short
Phoenix NEAR	+0.0941%	1h	4.3371	−0.331%	$1.8M	$2.8M	10x	as long as short
Lighter NEAR	+0.1112%	1h	4.3586	+0.164%	$17.6M	$24.9M	15x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1129%	1h	4.3563	+0.110%	$1.9M	$8.9M	25x	as long as short
RISEx NEAR/USDC	+0.1162%	1h	4.3494	−0.049%	$659K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1546%	1h	4.3395	−0.276%	$5K	$13K	10x	as long as short