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 BingX+0.114%7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$440.445% of the position

Long on BingX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.051%+$5 on $10k

Price spread, last 7 days−0.099%−$10 · spread now +0.114%, 7d avg +0.029%

Together, before fees−0.048%−$5 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 0.085% dearer against BingX than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX NEAR-USDT	4.4050	0.0100	pay 0.0100% / 8h	5h 52m	—	$144.1M	—
Short	KuCoin NEARUSDTM	4.4100	0.0100	get 0.0100% / 8h	5h 52m	$54.7M	$43.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against BingX. 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 BingXbpFee KuCoinbpOrdersPrice spread, now +0.114%Rate

Funding earned: $0
Price spread: +0.114% → +0.029%: $8.47
Slippage, 4 orders: −$22.48
Fee BingX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$36.01
Costs to cover: 0.445%
Break-even: never at this rate

Slippage from BingX: live order book, 2 min ago; KuCoin: live order book, 2 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 BingX live order book, 2 min ago	1.14 bp	6.6 bp −$7	10.9 bp −$109	20.3 bp −$2,033	45.9 bp −$23.0K
Sell KuCoin live order book, 2 min ago	1.14 bp	17.3 bp −$17	41.4 bp −$414	113.0 bp −$11.3K	doesn't fit

NEAR on 44 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	4.4044	−0.013%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.3764	−0.649%	$2.2M	$14.2M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3981	−0.158%	$108K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3858	−0.436%	$550K	$19.4M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.4046	−0.008%	$199K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.993%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4060	+0.023%	$116K	$488K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3998	−0.119%	$415K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4060	+0.023%	$267.5M	$1.07B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4040	−0.023%	$222.4M	$416.5M	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4050	0.000%	$62.7M	$290.9M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3657	−0.892%	$249K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4066	+0.036%	$31.7M	$61.6M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4080	+0.068%	$76.2M	$139.7M	200x	as long as short
KuCoin NEARUSDTMshort	+0.0100%	8h	4.4100	+0.114%	$54.7M	$43.9M	75x
Bitget NEARUSDT	+0.0100%	8h	4.4064	+0.032%	$72.4M	$125.9M	75x	as long as short
BingX NEAR-USDTlong	+0.0100%	8h	4.4050	long leg	—	$144.1M	—
Variational Omni NEAR	+0.0100%	8h	4.3808	−0.550%	$8.4M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3659	−0.889%	$267K	$994K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3657	−0.892%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3610	−0.999%	$194K	$777K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4090	+0.091%	$207K	$3.6M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4058	+0.018%	$61K	$190K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4080	+0.068%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4065	+0.034%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4160	+0.250%	$462K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4060	+0.023%	$3.9M	$8.1M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4009	−0.093%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4037	−0.029%	$3.8M	$18.6M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4079	+0.066%	$205K	$34K	3x	as long as short
Aster NEARUSDT	+0.0193%	8h	4.4060	+0.023%	$3.0M	$5.5M	50x	as long as short
Nado NEAR-PERP	+0.0325%	1h	4.4055	+0.011%	$1.9M	$3.0M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0349% / S −0.0243%	1h	4.4024	−0.059%	$258K	—	100x	as long as short
01 Exchange NEARUSD	+0.0408%	1h	4.4104	+0.123%	$13K	$7K	10x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.4070	+0.045%	$210K	$1.7M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0522%	1h	4.4095	+0.102%	$1.9M	$4.3M	25x	as long as short
Backpack NEAR_USDC_PERP	+0.0698%	1h	4.4129	+0.179%	$1.4M	$6.4M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0699%	1h	4.4104	+0.123%	$8.2M	$41.0M	50x	as long as short
Lighter RH NEAR	+0.0808%	1h	4.4136	+0.195%	$1.6M	$6.9M	10x	as long as short
Hyperliquid NEAR	+0.0841%	1h	4.4137	+0.198%	$371.7M	$304.0M	10x	as long as short
Phoenix NEAR	+0.0855%	1h	4.3900	−0.341%	$1.8M	$2.7M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.4073	+0.053%	$556K	$1.3M	10x	as long as short
Lighter NEAR	+0.1008%	1h	4.4171	+0.274%	$17.6M	$25.5M	15x	as long as short
Aftermath Perps NEARUSD	+0.1665%	1h	4.3755	−0.670%	$6K	$12K	10x	as long as short