Settings8H · net · $10k
Funding arb · Price arb /

NEAR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0186%/8h= −20.3% APRnext payment $1.86 per $10,000 · paid last 24h −0.005%
Price spread now: KuCoin against Aster+0.103%7-day average −0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$530.529% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.049%−$5 on $10k
Price spread, last 7 days−0.129%−$13 · spread now +0.103%, 7d avg −0.021%
Together, before fees−0.179%+ Points / potential airdropAster: Stage 5 · farm board−$18 on $10k · with fees, hour by hour
The price spread pays, funding is against you. KuCoin is 0.124% dearer against Aster than usual: you sell high and buy low (spread +0.103% now, against its 7-day average of −0.021%): +$12 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 2.2 days. At the pace of the last 7 days (−0.049% in total) that is about 18 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.049% in total (about -2.6% a year). A funding rate is set anew for every payment; at this rate the next one is about $1.86 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster NEARUSDT4.47540.0286pay 0.0286% / 8h5h 03m$3.1M$5.5M50x
ShortKuCoin NEARUSDTM4.48000.0100get 0.0100% / 8h5h 03m$55.5M$46.2M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Aster. 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

Funding earned
−$39.02
Price spread: +0.103% → −0.021%
$12.41
Slippage, 4 orders
−$32.92
Fee Aster: 4 bp × 2 orders
−$8
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$79.53
Costs to cover
0.529%
Break-even
never at this rate
Slippage from Aster: live order book, 5 min ago; KuCoin: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 5 min ago2.21 bp9.7 bp −$1021.2 bp −$212doesn't fitdoesn't fit
Sell KuCoin live order book, 6 min ago3.31 bp14.9 bp −$1538.2 bp −$38296.2 bp −$9,624doesn't fit

NEAR on 45 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya NEARRUSDPERP−0.0171%1h4.4750−0.009%$2K20xas long as short
Coinbase International NEAR-PERP-INTX−0.0016%1h4.4728−0.058%$2.2M$15.5M50xas long as short
dYdX NEAR-USD0.0000%1h4.4719−0.078%$110K$70K10xas long as short
Kalshi KXNEARPERP0.0000%8h4.4708−0.103%$543K$21.9M2.2xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.4760+0.013%$168K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−7.472%$578$302K12xas long as short
Popdex NEARUSDT+0.0096%1h4.4750−0.009%$116K$516K50xas long as short
Pacifica NEAR+0.0100%1h4.4737−0.038%$427K$1.2M10xas long as short
Binance NEARUSDT+0.0100%8h4.4729−0.057%$274.5M$1.12B75xas long as short
Bybit NEARUSDT+0.0100%8h4.4680−0.165%$223.5M$429.2M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX NEAR-USDT-SWAP+0.0100%8h4.4690−0.143%$63.7M$306.5M50xas long as short
Bulk NEAR-USD+0.0100%1h4.4470−0.635%$253K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.4769+0.034%$32.5M$65.4M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.4790+0.081%$75.9M$150.8M200xas long as short
KuCoin NEARUSDTMshort+0.0100%8h4.4800+0.103%$55.5M$46.2M75x
Bitget NEARUSDT+0.0100%8h4.4724−0.067%$73.6M$131.1M75xas long as short
BingX NEAR-USDT+0.0100%8h4.4750−0.009%$147.2Mas long as short
Variational Omni NEAR+0.0100%8h4.4486−0.598%$8.6M$18.2Mas long as short
edgeX NEARUSDC+0.0100%4h4.4501−0.564%$267K$977K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.4479−0.615%$1.5M$1.4M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.4460−0.657%$171K$797K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.4777+0.051%$250K$3.9M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.4721−0.074%$57K$237K20xas long as short
SunX NEAR-USDT+0.0100%8h4.4830+0.170%$2K$1.4M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.4710−0.098%$8K$53K10xas long as short
HTX NEAR-USDT+0.0100%8h4.4730−0.054%$460K$4.1M75xas long as short
Phemex NEARUSDT+0.0100%8h4.4670−0.188%$3.8M$8.4M50xas long as short
Paradex NEAR-USD-PERP+0.0102%8h4.4691−0.140%$32K$60810xas long as short
Aevo NEAR-PERP+0.0104%1h4.4731−0.051%$208K$40K3xas long as short
Extended NEAR-USD+0.0208%1h4.4674−0.179%$4.0M$19.5M25xas long as short
BloFin NEAR-USDT+0.0220%8h4.4680−0.165%$14.4M$33.6M75xas long as short
Aster NEARUSDTlong+0.0286%8h4.4754long leg$3.1M$5.5M50x
GMX NEAR/USD [ETH-USDC]L +0.0354% / S −0.0235%1h4.4756+0.005%$268K100xas long as short
01 Exchange NEARUSD+0.0376%1h4.4776+0.049%$13K$7K10xas long as short
Arcus NEAR-USD+0.0410%1h4.4810+0.125%$216K$1.8M10xas long as short
Nado NEAR-PERP+0.0470%1h4.4736−0.041%$1.9M$3.2M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0533%1h4.4760+0.013%$2.0M$4.5M25xas long as short
Backpack NEAR_USDC_PERP+0.0533%1h4.4588−0.371%$1.4M$6.7M20xas long as short
Kraken Futures PF_NEARUSD+0.0690%1h4.4674−0.178%$8.3M$41.3M50xas long as short
Lighter RH NEAR+0.0704%1h4.4744−0.022%$1.6M$7.2M10xas long as short
Hyperliquid NEAR+0.0767%1h4.4817+0.140%$372.9M$326.6M10xas long as short
Phoenix NEAR+0.0855%1h4.4578−0.393%$1.8M$2.7M10xas long as short
RISEx NEAR/USDC+0.0924%1h4.4777+0.052%$574K$1.4M10xas long as short
Lighter NEAR+0.1120%1h4.47540.000%$18.0M$27.1M15xas long as short
Aftermath Perps NEARUSD+0.1611%1h4.4908+0.345%$6K$12K10xas long as short