Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.002%

Price spread now: KuCoin against Aevo+0.028%7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$90as in the Funding arb table

Net, price: spread back to 7d avg − costs−$85as in the Price arb table

costs, in and out, $10k−$870.873% of the position

Long on Aevo Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.027%−$3 on $10k

Price spread, last 4 days (all we have)−0.254%−$25 · spread now +0.028%, 7d avg +0.009%

Together, before fees−0.282%−$28 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo NEAR-PERP	4.5347	0.0104	pay 0.0013% / 1h	43m 16s	$211K	$38K	3x
Short	KuCoin NEARUSDTM	4.5360	0.0100	get 0.0100% / 8h	4h 43m	$54.5M	$44.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Aevo. 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 AevobpFee KuCoinbpOrdersPrice spread, now +0.028%Rate

Funding earned: −$0.84
Price spread: +0.028% → +0.009%: $1.92
Slippage, 4 orders: −$59.26
Fee Aevo: 8 bp × 2 orders: −$16
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$86.19
Costs to cover: 0.873%
Break-even: never at this rate

Slippage from Aevo: live order book, 64 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 Aevo live order book, 64 min ago	7.83 bp	26.2 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	2.21 bp	14.9 bp −$15	32.9 bp −$329	92.6 bp −$9,263	doesn't fit

NEAR on 45 exchanges

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
Kraken Futures PF_NEARUSD	−0.0376%	1h	4.5341	−0.014%	$7.4M	$37.1M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.5253	−0.207%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.5235	−0.247%	$111K	$53K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.5243	−0.230%	$910K	$26.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.5313	−0.075%	$170K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−8.682%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.5260	−0.192%	$125K	$510K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.5378	+0.067%	$2.7M	$5.0M	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.5407	+0.133%	$274.1M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.5416	+0.152%	$233.6M	$429.5M	75x	as long as short

Show all 45 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.5430	+0.183%	$64.4M	$305.5M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.5351	+0.009%	$279K	$24K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.5309	−0.084%	$41.6M	$62.0M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.5400	+0.117%	$75.6M	$170.2M	200x	as long as short
KuCoin NEARUSDTMshort	+0.0100%	8h	4.5360	+0.028%	$54.5M	$44.0M	75x
Bitget NEARUSDT	+0.0100%	8h	4.5433	+0.189%	$75.6M	$127.8M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.5330	−0.038%	—	$6.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.5173	−0.383%	$8.8M	$15.7M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.5386	+0.085%	$269K	$866K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.5490	+0.316%	$1.5M	$1.9M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.5340	−0.016%	$170K	$810K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.5283	−0.141%	$192K	$4.2M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.5353	+0.013%	$56K	$262K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.5420	+0.161%	$2K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.5365	+0.039%	$5K	$34K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.5370	+0.050%	$470K	$3.7M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.5360	+0.028%	$3.4M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.5227	−0.266%	$33K	$389	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.5325	−0.049%	$3.7M	$15.1M	25x	as long as short
Aevo NEAR-PERPlong	+0.0104%	1h	4.5347	long leg	$211K	$38K	3x
Lighter RH NEAR	+0.0176%	1h	4.5405	+0.128%	$1.6M	$5.7M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0191% / S +0.0005%	1h	4.5309	−0.084%	$222K	—	100x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.5400	+0.117%	$12.8M	$32.8M	75x	as long as short
Arcus NEAR-USD	+0.0253%	1h	4.5300	−0.104%	$229K	$1.4M	10x	as long as short
Lighter NEAR	+0.0264%	1h	4.5399	+0.115%	$17.2M	$24.7M	15x	as long as short
01 Exchange NEARUSD	+0.0280%	1h	4.5289	−0.128%	$13K	$4K	10x	as long as short
Hyperliquid NEAR	+0.0281%	1h	4.5316	−0.068%	$364.2M	$313.2M	10x	as long as short
Nado NEAR-PERP	+0.0398%	1h	4.5275	−0.159%	$1.8M	$3.1M	10x	as long as short
RISEx NEAR/USDC	+0.0478%	1h	4.5264	−0.184%	$645K	$1.6M	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0544%	1h	4.5367	+0.044%	$2.4M	$17.8M	50x	as long as short
Pacifica NEAR	+0.0687%	1h	4.5269	−0.173%	$426K	$1.3M	10x	as long as short
Phoenix NEAR	+0.0733%	1h	4.5491	+0.317%	$1.8M	$2.6M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0789%	1h	4.5295	−0.115%	$1.1M	$7.2M	20x	as long as short
Aftermath Perps NEARUSD	+0.0887%	1h	4.5164	−0.405%	$6K	$6K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0986%	1h	4.5380	+0.072%	$1.9M	$13.0M	25x	as long as short