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% APRnext payment +$0.00 per $10,000 · paid last 24h +0.129%

Price spread now: HTX against KuCoin+0.092%51s7-day average +0.214% · you sell dearer than you buy

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$730.727% of the position

Long on KuCoin Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.606%+$61 on $10k

Price spread, last 4 days (all we have)+0.526%+$53 · spread now +0.092%, 7d avg +0.214%

Together, before fees+1.132%+$113 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: HTX is 0.122% cheaper against KuCoin than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.214%. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NEARUSDTM	4.3480	0.0100	pay 0.0100% / 8h	3h 37m	$54.0M	$46.2M	75x
Short	HTX NEAR-USDT	4.3520	0.0100	get 0.0100% / 8h	3h 37m	$472K	$4.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.092%Rate

Funding earned: $0
Price spread: +0.092% → +0.214%: −$12.18
Slippage, 4 orders: −$48.71
Fee KuCoin: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$84.89
Costs to cover: 0.727%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; HTX: live order book, 2 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, 2 min ago	1.15 bp	17.0 bp −$17	25.3 bp −$253	96.5 bp −$9,646	doesn't fit
Sell HTX live order book, 2 min ago	4.60 bp	13.2 bp −$13	59.2 bp −$592	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	4.3463	−0.039%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3442	−0.087%	$107K	$69K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3459	−0.049%	$163K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.761%	$578	$301K	12x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0056%	1h	4.3491	+0.025%	$2.3M	$15.8M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3450	−0.069%	$109K	$502K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3520	+0.092%	$266.4M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3490	+0.023%	$216.2M	$428.4M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3520	+0.092%	$61.8M	$293.2M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3400	−0.184%	$247K	−$0	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NEAR_USDT	+0.0100%	8h	4.3465	−0.034%	$32.1M	$61.0M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3480	0.000%	$73.1M	$144.9M	200x	as long as short
KuCoin NEARUSDTMlong	+0.0100%	8h	4.3480	long leg	$54.0M	$46.2M	75x
Bitget NEARUSDT	+0.0100%	8h	4.3521	+0.094%	$71.5M	$128.7M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3490	+0.023%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3167	−0.719%	$8.3M	$17.9M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3304	−0.404%	$254K	$948K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3290	−0.437%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3280	−0.460%	$166K	$798K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3494	+0.032%	$277K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3534	+0.124%	$58K	$246K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3530	+0.115%	$1K	$1.4M	20x	as long as short
HTX NEAR-USDTshort	+0.0100%	8h	4.3520	+0.092%	$472K	$4.0M	75x
Phemex NEARUSDT	+0.0100%	8h	4.3460	−0.046%	$3.7M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3430	−0.115%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3565	+0.195%	$203K	$37K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3290	−0.437%	$13.6M	$32.2M	75x	as long as short
Kalshi KXNEARPERP	+0.0234%	8h	4.3368	−0.258%	$759K	$23.3M	2.2x	as long as short
Pacifica NEAR	+0.0263%	1h	4.3460	−0.045%	$408K	$1.3M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0321% / S −0.0195%	1h	4.3468	−0.027%	$233K	—	100x	as long as short
Aster NEARUSDT	+0.0324%	8h	4.3490	+0.023%	$2.9M	$5.6M	50x	as long as short
SoDEX NEAR-USD	+0.0399%	1h	4.3455	−0.057%	$8K	$49K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0515%	1h	4.3492	+0.028%	$1.4M	$6.7M	20x	as long as short
01 Exchange NEARUSD	+0.0520%	1h	4.3505	+0.057%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0593%	1h	4.3450	−0.068%	$1.8M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0627%	1h	4.3500	+0.046%	$213K	$1.6M	10x	as long as short
Hyperliquid NEAR	+0.0632%	1h	4.3499	+0.044%	$356.7M	$317.5M	10x	as long as short
Extended NEAR-USD	+0.0696%	1h	4.3436	−0.101%	$3.8M	$19.9M	25x	as long as short
Kraken Futures PF_NEARUSD	+0.0709%	1h	4.3472	−0.018%	$7.6M	$39.3M	50x	as long as short
Lighter RH NEAR	+0.0848%	1h	4.3526	+0.106%	$1.5M	$7.4M	10x	as long as short
Phoenix NEAR	+0.0941%	1h	4.3371	−0.251%	$1.8M	$2.8M	10x	as long as short
Lighter NEAR	+0.1112%	1h	4.3498	+0.042%	$17.5M	$24.9M	15x	as long as short
RISEx NEAR/USDC	+0.1162%	1h	4.3494	+0.031%	$659K	$1.4M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1223%	1h	4.3501	+0.048%	$1.9M	$8.9M	25x	as long as short
Aftermath Perps NEARUSD	+0.1546%	1h	4.3395	−0.196%	$5K	$13K	10x	as long as short