Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0983%/8hpaid last 24h +0.317%

Price spread now: Aftermath Perps against KuCoin−0.367%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Aftermath Perps is 0.367% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.367% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$37 on $10k: about 30 hours of funding at the current rate (+$29 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NEARUSDTM	4.1460	0.0100	pay 0.0100% / 8h	4h 23m	$57.9M	$46.0M	75x
Short	Aftermath Perps NEARUSD	4.1308	0.1083	get 0.0135% / 1h	23m 23s	$5K	$11K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps 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 Aftermath PerpsbpOrdersPrice spread, now −0.367%Rate

Funding earned: $206.48
Price spread: −0.367% → 0.000%: −$36.69
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $148.79
Costs to cover: 0.210%
Break-even: 2.0 days

Slippage unknown: KuCoin: live order book, 10 min ago; Aftermath Perps: no order-book sample. Net counts fees only.

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, 10 min ago	1.22 bp	17.9 bp −$18	36.3 bp −$363	98.3 bp −$9,831	doesn't fit
Sell Aftermath Perps no order-book sample	—	—	—	—	—

Aftermath Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	4.1435	−0.061%	$2K	—	20x	as long as short
Extended NEAR-USD	−0.0024%	1h	4.1430	−0.072%	$3.5M	$14.1M	25x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.1391	−0.167%	$104K	$54K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.1371	−0.215%	$444K	$20.1M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.1456	−0.010%	$202K	—	150x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0032%	1h	4.1407	−0.128%	$2.1M	$12.6M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0064%	1h	4.1465	+0.012%	$1.8M	$2.0M	25x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.1470	+0.024%	$105K	$498K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.1486	+0.063%	$2.8M	$5.7M	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.1432	−0.068%	$237.0M	$1.11B	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit NEARUSDT	+0.0100%	8h	4.1420	−0.096%	$207.4M	$428.9M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.1420	−0.096%	$57.2M	$286.5M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.1440	−0.048%	$244K	$1.6M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.1127	−0.803%	$235K	$4K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.1439	−0.051%	$29.2M	$56.4M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.1430	−0.072%	$80.9M	$145.3M	200x	as long as short
KuCoin NEARUSDTMlong	+0.0100%	8h	4.1460	long leg	$57.9M	$46.0M	75x
Bitget NEARUSDT	+0.0100%	8h	4.1450	−0.024%	$69.5M	$126.2M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.1430	−0.072%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.1325	−0.326%	$7.6M	$18.5M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.1249	−0.510%	$262K	$1.3M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.1280	−0.434%	$1.4M	$1.1M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.1250	−0.507%	$112K	$754K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.1469	+0.022%	$220K	$3.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.1453	−0.017%	$52K	$163K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.1490	+0.072%	$2K	$1.5M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.1355	−0.253%	$4K	$44K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.1370	−0.217%	$3.8M	$8.4M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.1403	−0.138%	$30K	$2K	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.1430	−0.072%	$200K	$66K	3x	as long as short
Injective NEAR/USDC PERP	+0.0120%	1h	4.1000	−1.110%	$572	$150K	12x	as long as short
01 Exchange NEARUSD	+0.0200%	1h	4.1495	+0.084%	$12K	$8K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.1280	−0.434%	$12.6M	$33.1M	75x	as long as short
Kraken Futures PF_NEARUSD	+0.0241%	1h	4.1486	+0.062%	$7.4M	$34.5M	50x	as long as short
Lighter RH NEAR	+0.0248%	1h	4.1418	−0.101%	$1.4M	$7.3M	10x	as long as short
Nado NEAR-PERP	+0.0290%	1h	4.1435	−0.060%	$1.8M	$3.9M	10x	as long as short
Pacifica NEAR	+0.0319%	1h	4.1408	−0.125%	$438K	$1.1M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0372% / S −0.0312%	1h	4.1439	−0.051%	$272K	—	100x	as long as short
RISEx NEAR/USDC	+0.0378%	1h	4.1497	+0.089%	$397K	$1.3M	10x	as long as short
Phoenix NEAR	+0.0618%	1h	4.1391	−0.166%	$1.7M	$2.7M	10x	as long as short
Lighter NEAR	+0.0680%	1h	4.1484	+0.059%	$15.4M	$22.5M	15x	as long as short
Hyperliquid NEAR	+0.0835%	1h	4.1522	+0.151%	$348.5M	$304.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0960%	1h	4.1414	−0.111%	$1.5M	$4.7M	20x	as long as short
Aftermath Perps NEARUSDshort	+0.1083%	1h	4.1308	−0.367%	$5K	$11K	10x
HTX NEAR-USDT	+0.1247%	8h	4.1470	+0.024%	$451K	$4.1M	75x	as long as short