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% APRpaid last 24h 0.000%

Price spread now: Bulk against KuCoin−0.205%7-day average −0.023% · 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−$78as in the Price arb table

costs, in and out, $10k−$590.595% of the position

Long on KuCoin Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.260%+$26 · spread now −0.205%, 7d avg −0.023%

Together, before fees+0.261%+$26 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: Bulk is 0.182% cheaper against KuCoin than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of −0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NEARUSDTM	4.3690	0.0100	pay 0.0100% / 8h	9m 28s	$53.0M	$46.0M	75x
Short	Bulk NEAR-USD	4.3601	0.0100	get 0.0013% / 1h	9m 28s	$248K	−$0	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now −0.205%Rate

Funding earned: $0
Price spread: −0.205% → −0.023%: −$18.2
Slippage, 4 orders: −$40.46
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$77.66
Costs to cover: 0.595%
Break-even: never at this rate

Slippage from KuCoin: live order book, 10 min ago; Bulk: live order book, 30 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, 10 min ago	1.15 bp	11.9 bp −$12	22.9 bp −$229	97.6 bp −$9,763	doesn't fit
Sell Bulk live order book, 30 min ago	11.56 bp	15.1 bp −$15	15.1 bp −$151	34.5 bp −$3,449	55.3 bp −$27.7K

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	4.3669	−0.048%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3676	−0.032%	$107K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3680	−0.023%	$163K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0017%	1h	4.3663	−0.061%	$7.1M	$38.2M	50x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.219%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3690	0.000%	$113K	$498K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3705	+0.034%	$220.7M	$428.5M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3670	−0.046%	$61.3M	$295.8M	50x	as long as short
Bulk NEAR-USDshort	+0.0100%	1h	4.3601	−0.205%	$248K	−$0	10x
Gate NEAR_USDT	+0.0100%	8h	4.3668	−0.050%	$35.8M	$63.0M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NEARUSDTMlong	+0.0100%	8h	4.3690	long leg	$53.0M	$46.0M	75x
Bitget NEARUSDT	+0.0100%	8h	4.3689	−0.002%	$72.2M	$127.8M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3490	−0.459%	$8.9M	$18.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3477	−0.488%	$252K	$894K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3514	−0.403%	$1.4M	$1.6M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3440	−0.572%	$166K	$816K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3721	+0.071%	$278K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3682	−0.018%	$58K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3680	−0.023%	$1K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3680	−0.023%	$5K	$50K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3680	−0.023%	$3.6M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3685	−0.011%	$32K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3665	−0.058%	$3.6M	$16.6M	25x	as long as short
Aevo NEAR-PERP	+0.0120%	1h	4.3695	+0.011%	$203K	$38K	3x	as long as short
Aster NEARUSDT	+0.0122%	8h	4.3693	+0.008%	$2.7M	$4.8M	50x	as long as short
Hyperliquid NEAR	+0.0135%	1h	4.3718	+0.064%	$352.5M	$314.9M	10x	as long as short
HTX NEAR-USDT	+0.0154%	8h	4.3690	0.000%	$465K	$3.8M	75x	as long as short
Binance NEARUSDT	+0.0155%	8h	4.3703	+0.031%	$264.7M	$1.09B	75x	as long as short
MEXC NEAR_USDT	+0.0156%	8h	4.3690	0.000%	$88.0M	$153.7M	200x	as long as short
BingX NEAR-USDC	+0.0171%	8h	4.3680	−0.023%	—	$6.7M	—	as long as short
Kalshi KXNEARPERP	+0.0173%	8h	4.3586	−0.238%	$974K	$25.1M	2.2x	as long as short
01 Exchange NEARUSD	+0.0232%	1h	4.3701	+0.025%	$13K	$7K	10x	as long as short
BloFin NEAR-USDT	+0.0279%	8h	4.3500	−0.435%	$13.3M	$32.1M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0340% / S −0.0239%	1h	4.3660	−0.068%	$253K	—	100x	as long as short
Nado NEAR-PERP	+0.0372%	1h	4.3695	+0.011%	$1.7M	$3.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0460%	1h	4.3703	+0.030%	$1.0M	$7.1M	20x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.3692	+0.005%	$2.3M	$17.0M	50x	as long as short
Lighter RH NEAR	+0.0488%	1h	4.3747	+0.130%	$1.5M	$6.7M	10x	as long as short
Lighter NEAR	+0.0552%	1h	4.3761	+0.162%	$17.2M	$25.4M	15x	as long as short
Arcus NEAR-USD	+0.0638%	1h	4.3700	+0.023%	$229K	$1.5M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0826%	1h	4.3712	+0.050%	$1.9M	$13.1M	25x	as long as short
Pacifica NEAR	+0.0949%	1h	4.3698	+0.019%	$412K	$1.4M	10x	as long as short
Phoenix NEAR	+0.0949%	1h	4.3782	+0.211%	$1.8M	$2.4M	10x	as long as short
RISEx NEAR/USDC	+0.0965%	1h	4.3696	+0.015%	$607K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1100%	1h	4.3597	−0.213%	$5K	$7K	10x	as long as short