Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.143%

Price spread now: KuCoin against Arcus−0.511%7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$93as in the Price arb table

costs, in and out, $10k−$440.436% of the position

Long on Arcus Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.311%−$31 on $10k

Price spread, last 7 days+0.531%+$53 · spread now −0.511%, 7d avg −0.014%

Together, before fees+0.220%+$22 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 0.497% cheaper against Arcus than usual: you would sell low and buy high, −$50 on $10k if it goes back to its 7-day average of −0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus NEAR-USD	4.3080	0.0100	pay 0.0013% / 1h	23m 55s	$197K	$1.7M	10x
Short	KuCoin NEARUSDTM	4.2860	0.0100	get 0.0100% / 8h	7h 23m	$55.9M	$42.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Arcus. 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 ArcusbpFee KuCoinbpOrdersPrice spread, now −0.511%Rate

Funding earned: $0
Price spread: −0.511% → −0.014%: −$49.65
Slippage, 4 orders: −$27.05
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$93.21
Costs to cover: 0.436%
Break-even: never at this rate

Slippage from Arcus: live order book, 5 min ago; KuCoin: live order book, 5 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 Arcus live order book, 5 min ago	3.50 bp	5.8 bp −$6	9.0 bp −$90	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	2.34 bp	14.0 bp −$14	27.9 bp −$279	84.1 bp −$8,413	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	4.3088	+0.018%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0132%	1h	4.2722	−0.831%	$7.2M	$37.3M	50x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.2779	−0.699%	$2.2M	$12.9M	50x	as long as short
Phemex NEARUSDT	−0.0055%	8h	4.2770	−0.720%	$3.8M	$8.5M	50x	as long as short
01 Exchange NEARUSD	−0.0016%	1h	4.3065	−0.035%	$13K	$7K	10x	as long as short
Variational Omni NEAR	−0.0004%	8h	4.2668	−0.956%	$7.9M	$18.8M	—	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3099	+0.044%	$112K	$64K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3006	−0.172%	$339K	$19.1M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3111	+0.072%	$205K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.877%	$578	$302K	12x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit NEARUSDT	+0.0048%	8h	4.2870	−0.487%	$217.4M	$417.5M	75x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0077%	1h	4.2882	−0.460%	$1.9M	$3.5M	25x	as long as short
Gate NEAR_USDT	+0.0095%	8h	4.2817	−0.610%	$30.8M	$59.9M	75x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3070	−0.023%	$114K	$482K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0098%	8h	4.2848	−0.539%	$57K	$191K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0099%	8h	4.3084	+0.009%	$31K	$608	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2943	−0.317%	$3.0M	$5.8M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3084	+0.008%	$398K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2848	−0.538%	$255.4M	$1.06B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2880	−0.464%	$60.5M	$279.5M	50x	as long as short
Arcus NEAR-USDlong	+0.0100%	1h	4.3080	long leg	$197K	$1.7M	10x
Bulk NEAR-USD	+0.0100%	1h	4.2789	−0.675%	$244K	−$0	10x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2810	−0.627%	$76.4M	$140.7M	200x	as long as short
KuCoin NEARUSDTMshort	+0.0100%	8h	4.2860	−0.511%	$55.9M	$42.9M	75x
Bitget NEARUSDT	+0.0100%	8h	4.2895	−0.429%	$71.0M	$124.7M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.2800	−0.650%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2780	−0.697%	$255K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2745	−0.777%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2800	−0.650%	$179K	$782K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3097	+0.039%	$202K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3200	+0.279%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2760	−0.743%	$5K	$52K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.2850	−0.534%	$454K	$3.7M	75x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2812	−0.621%	$3.8M	$17.3M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2804	−0.641%	$199K	$28K	3x	as long as short
Hyperliquid NEAR	+0.0163%	1h	4.2958	−0.283%	$360.7M	$301.0M	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3080	0.000%	$12.9M	$28.3M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0373% / S −0.0306%	1h	4.3113	+0.077%	$274K	—	100x	as long as short
Lighter RH NEAR	+0.0392%	1h	4.2787	−0.680%	$1.6M	$6.9M	10x	as long as short
RISEx NEAR/USDC	+0.0428%	1h	4.3086	+0.013%	$408K	$1.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0445%	1h	4.2935	−0.337%	$1.3M	$5.9M	20x	as long as short
Nado NEAR-PERP	+0.0464%	1h	4.3085	+0.012%	$1.9M	$3.2M	10x	as long as short
Phoenix NEAR	+0.0499%	1h	4.2669	−0.954%	$1.8M	$2.7M	10x	as long as short
Aftermath Perps NEARUSD	+0.1334%	1h	4.2876	−0.474%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1888%	1h	4.2839	−0.561%	$17.1M	$24.5M	15x	as long as short