Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: KuCoin against Bulk−0.042%7-day average +0.021% · 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−$70as in the Price arb table

costs, in and out, $10k−$630.632% of the position

Long on Bulk Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.007%+$1 on $10k

Price spread, last 4 days (all we have)+0.617%+$62 · spread now −0.042%, 7d avg +0.021%

Together, before fees+0.624%+$62 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 0.063% cheaper against Bulk than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk NEAR-USD	4.3708	0.0100	pay 0.0013% / 1h	36m 32s	$252K	$3K	10x
Short	KuCoin NEARUSDTM	4.3690	0.0100	get 0.0100% / 8h	7h 36m	$52.5M	$45.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bulk. 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 BulkbpFee KuCoinbpOrdersPrice spread, now −0.042%Rate

Funding earned: $0
Price spread: −0.042% → +0.021%: −$6.3
Slippage, 4 orders: −$44.21
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$69.51
Costs to cover: 0.632%
Break-even: never at this rate

Slippage from Bulk: live order book, 62 min ago; KuCoin: live order book, 3 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 Bulk live order book, 62 min ago	11.56 bp	15.1 bp −$15	15.1 bp −$151	22.2 bp −$2,224	47.8 bp −$23.9K
Sell KuCoin live order book, 3 min ago	2.29 bp	16.5 bp −$16	26.8 bp −$268	98.0 bp −$9,795	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
Kraken Futures PF_NEARUSD	−0.0432%	1h	4.3712	+0.008%	$7.2M	$38.7M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.3715	+0.016%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3700	−0.020%	$107K	$66K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3703	−0.012%	$164K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.258%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3690	−0.042%	$119K	$504K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.3693	−0.035%	$2.7M	$4.8M	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3690	−0.042%	$220.2M	$428.1M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3660	−0.111%	$61.7M	$295.2M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3720	+0.027%	$221K	$1.5M	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	4.3688	−0.047%	$36.5M	$62.1M	75x	as long as short
KuCoin NEARUSDTMshort	+0.0100%	8h	4.3690	−0.042%	$52.5M	$45.5M	75x
Bitget NEARUSDT	+0.0100%	8h	4.3673	−0.081%	$72.1M	$127.8M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3698	−0.024%	$9.0M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3747	+0.089%	$254K	$893K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3650	−0.133%	$1.4M	$1.6M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3740	+0.072%	$165K	$826K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3686	−0.051%	$273K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3719	+0.024%	$56K	$239K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3860	+0.347%	$2K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3720	+0.027%	$5K	$50K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3730	+0.050%	$3.5M	$8.1M	50x	as long as short
Bulk NEAR-USDlong	+0.0100%	1h	4.3708	long leg	$252K	$3K	10x
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3712	+0.008%	$32K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3679	−0.068%	$3.6M	$15.7M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3726	+0.040%	$203K	$40K	3x	as long as short
Binance NEARUSDT	+0.0106%	8h	4.3701	−0.016%	$263.8M	$1.09B	75x	as long as short
MEXC NEAR_USDT	+0.0107%	8h	4.3720	+0.027%	$90.7M	$157.1M	200x	as long as short
BingX NEAR-USDC	+0.0122%	8h	4.3700	−0.019%	—	$6.7M	—	as long as short
Kalshi KXNEARPERP	+0.0147%	8h	4.3739	+0.070%	$866K	$25.5M	2.2x	as long as short
Hyperliquid NEAR	+0.0216%	1h	4.3737	+0.066%	$353.4M	$316.2M	10x	as long as short
BloFin NEAR-USDT	+0.0228%	8h	4.3750	+0.095%	$12.5M	$32.4M	75x	as long as short
Nado NEAR-PERP	+0.0276%	1h	4.3690	−0.042%	$1.7M	$3.2M	10x	as long as short
01 Exchange NEARUSD	+0.0320%	1h	4.3724	+0.036%	$13K	$7K	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0352% / S −0.0255%	1h	4.3702	−0.014%	$257K	—	100x	as long as short
HTX NEAR-USDT	+0.0378%	8h	4.3790	+0.187%	$463K	$3.7M	75x	as long as short
Lighter RH NEAR	+0.0448%	1h	4.3738	+0.068%	$1.5M	$6.4M	10x	as long as short
Lighter NEAR	+0.0472%	1h	4.3738	+0.068%	$17.3M	$23.9M	15x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.3820	+0.255%	$2.3M	$17.2M	50x	as long as short
Backpack NEAR_USDC_PERP	+0.0526%	1h	4.3747	+0.088%	$1.1M	$7.1M	20x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0596%	1h	4.3747	+0.088%	$1.9M	$13.1M	25x	as long as short
RISEx NEAR/USDC	+0.0656%	1h	4.3796	+0.200%	$595K	$1.5M	10x	as long as short
Pacifica NEAR	+0.0701%	1h	4.3699	−0.021%	$412K	$1.4M	10x	as long as short
Phoenix NEAR	+0.0740%	1h	4.3762	+0.123%	$1.8M	$2.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1053%	1h	4.3798	+0.206%	$5K	$7K	10x	as long as short