Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8hnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against KuCoin+0.097%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−$40as in the Price arb table

costs, in and out, $10k−$520.521% of the position

Long on KuCoin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.054%−$5 on $10k

Price spread, last 7 days−0.116%−$12 · spread now +0.097%, 7d avg −0.021%

Together, before fees−0.170%−$17 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: BingX is 0.117% dearer against KuCoin than usual: you sell high and buy low, +$12 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	KuCoin NEARUSDTM	4.1380	0.0100	pay 0.0100% / 8h	4h 21m	$57.5M	$46.2M	75x
Short	BingX NEAR-USDC	4.1420	0.0100	get 0.0100% / 8h	4h 21m	—	$6.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.097%Rate

Funding earned: $0
Price spread: +0.097% → −0.021%: $11.75
Slippage, 4 orders: −$30.12
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$40.37
Costs to cover: 0.521%
Break-even: never at this rate

Slippage from KuCoin: live order book, 12 min ago; BingX: live order book, 10 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, 12 min ago	1.22 bp	17.9 bp −$18	36.3 bp −$363	98.3 bp −$9,831	doesn't fit
Sell BingX live order book, 10 min ago	1.21 bp	9.2 bp −$9	25.3 bp −$253	73.7 bp −$7,368	562.0 bp −$281.0K

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	4.1387	+0.016%	$2K	—	20x	as long as short
Extended NEAR-USD	−0.0040%	1h	4.1353	−0.066%	$3.5M	$14.1M	25x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.1482	+0.246%	$104K	$54K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.1409	+0.070%	$409K	$20.1M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.1368	−0.030%	$201K	—	150x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0032%	1h	4.1366	−0.034%	$2.1M	$12.8M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0040%	1h	4.1381	+0.002%	$1.8M	$2.0M	25x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.1480	+0.242%	$105K	$499K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.1400	+0.048%	$238.6M	$1.11B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.1393	+0.031%	$207.8M	$429.1M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.1420	+0.097%	$57.3M	$286.8M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.1470	+0.217%	$307K	$1.6M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.1537	+0.378%	$238K	$4K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.1412	+0.077%	$29.2M	$56.5M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.1410	+0.072%	$81.4M	$145.7M	200x	as long as short
KuCoin NEARUSDTMlong	+0.0100%	8h	4.1380	long leg	$57.5M	$46.2M	75x
Bitget NEARUSDT	+0.0100%	8h	4.1424	+0.106%	$69.5M	$128.0M	75x	as long as short
BingX NEAR-USDCshort	+0.0100%	8h	4.1420	+0.097%	—	$6.6M	—
Variational Omni NEAR	+0.0100%	8h	4.1325	−0.133%	$7.6M	$18.5M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.1414	+0.083%	$263K	$1.3M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.1441	+0.148%	$1.4M	$1.2M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.1250	−0.314%	$112K	$754K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.1434	+0.130%	$220K	$3.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.1357	−0.056%	$52K	$163K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.1410	+0.072%	$1K	$1.5M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.1357	−0.056%	$5K	$45K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.1400	+0.048%	$3.8M	$8.5M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.1459	+0.191%	$30K	$2K	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.1345	−0.084%	$200K	$66K	3x	as long as short
Aster NEARUSDT	+0.0104%	8h	4.1442	+0.150%	$2.8M	$5.7M	50x	as long as short
Injective NEAR/USDC PERP	+0.0120%	1h	4.1000	−0.918%	$572	$150K	12x	as long as short
01 Exchange NEARUSD	+0.0200%	1h	4.1504	+0.300%	$12K	$8K	10x	as long as short
Lighter RH NEAR	+0.0216%	1h	4.1421	+0.099%	$1.4M	$7.3M	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.1380	0.000%	$12.6M	$33.2M	75x	as long as short
Kraken Futures PF_NEARUSD	+0.0242%	1h	4.1387	+0.017%	$7.3M	$34.3M	50x	as long as short
Nado NEAR-PERP	+0.0288%	1h	4.1400	+0.048%	$1.8M	$3.9M	10x	as long as short
Pacifica NEAR	+0.0319%	1h	4.1474	+0.227%	$439K	$1.1M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0372% / S −0.0314%	1h	4.1385	+0.012%	$272K	—	100x	as long as short
RISEx NEAR/USDC	+0.0378%	1h	4.1503	+0.298%	$397K	$1.3M	10x	as long as short
Phoenix NEAR	+0.0618%	1h	4.1535	+0.375%	$1.7M	$2.7M	10x	as long as short
Lighter NEAR	+0.0640%	1h	4.1412	+0.078%	$15.4M	$22.6M	15x	as long as short
Hyperliquid NEAR	+0.0838%	1h	4.1477	+0.234%	$350.2M	$305.6M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0943%	1h	4.1469	+0.215%	$1.4M	$4.7M	20x	as long as short
Aftermath Perps NEARUSD	+0.1105%	1h	4.1395	+0.036%	$5K	$11K	10x	as long as short
HTX NEAR-USDT	+0.1241%	8h	4.1470	+0.217%	$451K	$4.1M	75x	as long as short