Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.002%

Price spread now: Aevo against KuCoin−0.076%7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$130as in the Funding arb table

Net, price: spread back to 7d avg − costs−$139as in the Price arb table

costs, in and out, $10k−$1331.328% of the position

Long on KuCoin Short on Aevo

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)+0.574%+$57 · spread now −0.076%, 7d avg −0.014%

Together, before fees+0.601%+$60 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: Aevo is 0.063% cheaper against KuCoin than usual: you would sell low and buy high, −$6 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	KuCoin NEARUSDTM	4.5050	0.0100	pay 0.0100% / 8h	6h 15m	$53.4M	$45.1M	75x
Short	Aevo NEAR-PERP	4.5016	0.0104	get 0.0013% / 1h	15m 44s	$209K	$38K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against KuCoin. 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 KuCoinbpFee AevobpOrdersPrice spread, now −0.076%Rate

Funding earned: $0.84
Price spread: −0.076% → −0.014%: −$6.29
Slippage, 4 orders: −$104.76
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$138.21
Costs to cover: 1.328%
Break-even: 1158.7 days

Slippage from KuCoin: live order book, 6 min ago; Aevo: live order book, 36 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 KuCoin live order book, 6 min ago	2.20 bp	14.8 bp −$15	27.8 bp −$278	90.9 bp −$9,094	doesn't fit
Sell Aevo live order book, 36 min ago	8.99 bp	42.6 bp −$43	doesn't fit	doesn't fit	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
Reya NEARRUSDPERP	−0.0171%	1h	4.5101	+0.112%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0141%	1h	4.4979	−0.157%	$7.4M	$37.9M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.5048	−0.005%	$110K	$53K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.5087	+0.083%	$169K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−8.080%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.5100	+0.111%	$124K	$522K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.5095	+0.100%	$2.7M	$4.8M	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.5090	+0.089%	$274.0M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.5060	+0.022%	$234.1M	$433.4M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.5040	−0.022%	$64.5M	$310.2M	50x	as long as short

Show all 45 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus NEAR-USD	+0.0100%	1h	4.5090	+0.089%	$232K	$1.4M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.5102	+0.116%	$269K	$12K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.5019	−0.069%	$39.8M	$63.4M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.5070	+0.044%	$77.8M	$172.0M	200x	as long as short
KuCoin NEARUSDTMlong	+0.0100%	8h	4.5050	long leg	$53.4M	$45.1M	75x
Bitget NEARUSDT	+0.0100%	8h	4.5060	+0.022%	$74.7M	$130.0M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.5060	+0.022%	—	$6.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.5025	−0.055%	$9.0M	$17.5M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.5148	+0.217%	$267K	$870K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.5120	+0.155%	$1.5M	$1.7M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.5280	+0.511%	$169K	$826K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.5127	+0.171%	$283K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.5063	+0.029%	$58K	$269K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.5140	+0.200%	$2K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.5005	−0.100%	$5K	$40K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.5050	0.000%	$468K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.5010	−0.089%	$3.4M	$8.0M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0103%	8h	4.5044	−0.013%	$33K	$51	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.5021	−0.064%	$3.8M	$15.1M	25x	as long as short
Aevo NEAR-PERPshort	+0.0104%	1h	4.5016	−0.076%	$209K	$38K	3x
Kalshi KXNEARPERP	+0.0108%	8h	4.5014	−0.080%	$812K	$26.3M	2.2x	as long as short
01 Exchange NEARUSD	+0.0160%	1h	4.5082	+0.071%	$13K	$5K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.5150	+0.222%	$13.0M	$33.0M	75x	as long as short
Hyperliquid NEAR	+0.0291%	1h	4.5113	+0.140%	$364.1M	$324.2M	10x	as long as short
Lighter NEAR	+0.0304%	1h	4.5116	+0.147%	$17.6M	$23.8M	15x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0342% / S −0.0235%	1h	4.5004	−0.102%	$260K	—	100x	as long as short
Nado NEAR-PERP	+0.0422%	1h	4.5120	+0.155%	$1.7M	$3.2M	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0520%	1h	4.5154	+0.231%	$2.3M	$17.8M	50x	as long as short
RISEx NEAR/USDC	+0.0569%	1h	4.5068	+0.040%	$643K	$1.6M	10x	as long as short
Lighter RH NEAR	+0.0640%	1h	4.5129	+0.175%	$1.6M	$6.1M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0661%	1h	4.5031	−0.042%	$1.9M	$13.1M	25x	as long as short
Backpack NEAR_USDC_PERP	+0.0713%	1h	4.5058	+0.018%	$1.1M	$7.0M	20x	as long as short
Phoenix NEAR	+0.0851%	1h	4.5306	+0.568%	$1.7M	$2.5M	10x	as long as short
Pacifica NEAR	+0.0883%	1h	4.5086	+0.080%	$418K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1160%	1h	4.5185	+0.300%	$6K	$7K	10x	as long as short