Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.029%

Price spread now: gTrade (Gains Network) against KuCoin−0.107%7-day average −0.030% · 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−$311as in the Price arb table

costs, in and out, $10k−$3033.030% of the position

Long on KuCoin Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.097%−$10 on $10k

Price spread, last 4 days (all we have)+1.008%+$101 · spread now −0.107%, 7d avg −0.030%

Together, before fees+0.912%+$91 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.077% cheaper against KuCoin than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.030%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NEARUSDTM	4.4970	0.0100	pay 0.0100% / 8h	5h 24m	$56.4M	$44.6M	75x
Short	gTrade (Gains Network) NEAR/USD	4.4922	L +0.0004% / S −0.0004%	get 0.0001% / 1h	24m 54s	$207K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.107%Rate

Funding earned: −$20.11
Price spread: −0.107% → −0.030%: −$7.68
Slippage, 4 orders: −$280.96
Fee KuCoin: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$330.75
Costs to cover: 3.030%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; gTrade (Gains Network): virtual book (oracle venue), 39 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, 4 min ago	3.38 bp	12.3 bp −$12	29.2 bp −$292	103.4 bp −$10.3K	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 39 min ago	130.01 bp	137.7 bp −$138	1007.8 bp −$10.1K	doesn't fit	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
Reya NEARRUSDPERP	−0.0171%	1h	4.4902	−0.152%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.4923	−0.105%	$2.2M	$14.9M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4836	−0.298%	$111K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4876	−0.209%	$659K	$20.1M	2.2x	as long as short
gTrade (Gains Network) NEAR/USDshort	L +0.0004% / S −0.0004%	1h	4.4922	−0.107%	$207K	—	150x
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.916%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4900	−0.156%	$117K	$490K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4834	−0.302%	$423K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4996	+0.057%	$274.0M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4967	−0.007%	$226.5M	$420.2M	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	4.4930	−0.089%	$64.5M	$299.5M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4421	−1.222%	$253K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4957	−0.029%	$32.6M	$63.3M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4980	+0.022%	$77.6M	$143.8M	200x	as long as short
KuCoin NEARUSDTMlong	+0.0100%	8h	4.4970	long leg	$56.4M	$44.6M	75x
Bitget NEARUSDT	+0.0100%	8h	4.4929	−0.091%	$73.9M	$127.5M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.4960	−0.022%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4586	−0.854%	$8.7M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4330	−1.423%	$266K	$985K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4439	−1.180%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4320	−1.445%	$173K	$793K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4943	−0.060%	$223K	$3.7M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4901	−0.153%	$62K	$195K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4960	−0.022%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4910	−0.133%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.5000	+0.067%	$469K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4900	−0.156%	$3.9M	$8.1M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4879	−0.203%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4922	−0.108%	$3.9M	$18.7M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4920	−0.112%	$209K	$34K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4950	−0.044%	$13.9M	$32.8M	75x	as long as short
Aster NEARUSDT	+0.0247%	8h	4.5010	+0.089%	$3.1M	$5.4M	50x	as long as short
01 Exchange NEARUSD	+0.0352%	1h	4.4979	+0.020%	$13K	$7K	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0355% / S −0.0246%	1h	4.4916	−0.120%	$265K	—	100x	as long as short
Nado NEAR-PERP	+0.0369%	1h	4.4890	−0.177%	$1.9M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.4970	0.000%	$214K	$1.7M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0558%	1h	4.5018	+0.107%	$1.4M	$6.6M	20x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0641%	1h	4.4953	−0.038%	$2.0M	$4.4M	25x	as long as short
Hyperliquid NEAR	+0.0670%	1h	4.5013	+0.096%	$374.6M	$310.6M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0685%	1h	4.4952	−0.039%	$8.3M	$41.0M	50x	as long as short
Lighter RH NEAR	+0.0688%	1h	4.5016	+0.102%	$1.7M	$7.0M	10x	as long as short
Phoenix NEAR	+0.0855%	1h	4.4889	−0.180%	$1.9M	$2.7M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.4968	−0.005%	$543K	$1.3M	10x	as long as short
Lighter NEAR	+0.1264%	1h	4.5026	+0.123%	$18.0M	$26.0M	15x	as long as short
Aftermath Perps NEARUSD	+0.1573%	1h	4.4432	−1.197%	$6K	$12K	10x	as long as short