Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0390%/8h= +42.8% APRpaid last 24h +0.180%

Price spread now: Hyperliquid against KuCoin+0.075%7-day average +0.080% · you sell dearer than you buy

Net, funding: paid 7d − costs−$5as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$490.485% of the position

Long on KuCoin Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.433%+$43 on $10k

Price spread, last 7 days−0.058%−$6 · spread now +0.075%, 7d avg +0.080%

Together, before fees+0.374%+ Points / potential airdropHyperliquid: Season 2 · farm board+$37 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.080%, so right now this pair is about funding alone: +$12 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NEARUSDTM	4.4160	0.0100	pay 0.0100% / 8h	1h 20m	$53.4M	$45.9M	75x
Short	Hyperliquid NEAR	4.4193	0.0490	get 0.0061% / 1h	20m 39s	$360.6M	$312.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.075%Rate

Funding earned: $82
Price spread: +0.075% → +0.080%: −$0.55
Slippage, 4 orders: −$27.54
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $32.92
Costs to cover: 0.485%
Break-even: 4.2 days

Slippage from KuCoin: live order book, 8 min ago; Hyperliquid: live order book, 3 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, 8 min ago	2.28 bp	20.7 bp −$21	40.3 bp −$403	118.9 bp −$11.9K	doesn't fit
Sell Hyperliquid live order book, 3 min ago	0.11 bp	5.3 bp −$5	doesn't fit	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	4.4096	−0.145%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4187	+0.062%	$109K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4100	−0.136%	$165K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.227%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4220	+0.136%	$112K	$485K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4168	+0.018%	$223.9M	$430.1M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4170	+0.023%	$62.4M	$295.3M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4150	−0.023%	$252K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4170	+0.023%	$35.7M	$61.9M	75x	as long as short
KuCoin NEARUSDTMlong	+0.0100%	8h	4.4160	long leg	$53.4M	$45.9M	75x

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NEARUSDT	+0.0100%	8h	4.4192	+0.072%	$72.8M	$127.4M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4097	−0.142%	$8.8M	$18.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4205	+0.101%	$258K	$916K	20x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4210	+0.113%	$167K	$805K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4137	−0.052%	$292K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4132	−0.063%	$59K	$236K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4210	+0.113%	$2K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4190	+0.068%	$462K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4130	−0.068%	$3.6M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0104%	8h	4.4154	−0.013%	$32K	$585	10x	as long as short
GRVT NEAR_USDT_Perp	+0.0110%	8h	4.4181	+0.049%	$1.5M	$1.5M	10x	as long as short
Aevo NEAR-PERP	+0.0136%	1h	4.4140	−0.045%	$205K	$38K	3x	as long as short
Extended NEAR-USD	+0.0144%	1h	4.4180	+0.044%	$3.7M	$18.3M	25x	as long as short
SoDEX NEAR-USD	+0.0169%	1h	4.4095	−0.147%	$5K	$52K	10x	as long as short
BingX NEAR-USDT	+0.0200%	8h	4.4200	+0.091%	—	$144.1M	—	as long as short
MEXC NEAR_USDT	+0.0210%	8h	4.4190	+0.068%	$80.0M	$149.3M	200x	as long as short
Binance NEARUSDT	+0.0210%	8h	4.4192	+0.073%	$269.5M	$1.08B	75x	as long as short
Kalshi KXNEARPERP	+0.0248%	8h	4.4108	−0.118%	$1.0M	$24.9M	2.2x	as long as short
Aster NEARUSDT	+0.0297%	8h	4.4170	+0.023%	$2.8M	$4.9M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0315% / S −0.0199%	1h	4.4088	−0.162%	$235K	—	100x	as long as short
BloFin NEAR-USDT	+0.0331%	8h	4.4150	−0.023%	$13.7M	$32.6M	75x	as long as short
Backpack NEAR_USDC_PERP	+0.0423%	1h	4.4185	+0.057%	$1.3M	$6.9M	20x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0424%	1h	4.4274	+0.258%	$2.3M	$16.8M	50x	as long as short
01 Exchange NEARUSD	+0.0448%	1h	4.4255	+0.215%	$13K	$7K	10x	as long as short
Hyperliquid NEARshort	+0.0490%	1h	4.4193	+0.075%	$360.6M	$312.7M	10x
Nado NEAR-PERP	+0.0565%	1h	4.4093	−0.152%	$1.7M	$3.2M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0662%	1h	4.4090	−0.159%	$7.3M	$38.2M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0793%	1h	4.4140	−0.045%	$1.9M	$13.0M	25x	as long as short
Lighter NEAR	+0.0800%	1h	4.4225	+0.147%	$17.4M	$25.3M	15x	as long as short
Arcus NEAR-USD	+0.0880%	1h	4.4260	+0.226%	$228K	$1.6M	10x	as long as short
Lighter RH NEAR	+0.0904%	1h	4.4227	+0.152%	$1.5M	$6.7M	10x	as long as short
Phoenix NEAR	+0.1003%	1h	4.4318	+0.358%	$1.8M	$2.5M	10x	as long as short
Pacifica NEAR	+0.1187%	1h	4.4182	+0.049%	$422K	$1.4M	10x	as long as short
RISEx NEAR/USDC	+0.1259%	1h	4.4146	−0.032%	$669K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1291%	1h	4.4180	+0.045%	$5K	$12K	10x	as long as short