Settings8H · net · $10k
Funding arb · Price arb /

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0337%/8h= +36.9% APRpaid last 24h +0.092%
Price spread now: Nado against KuCoin+0.151%51s7-day average +0.020% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$500.504% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.116%+$12 on $10k
Price spread, last 7 days+0.005%+$1 · spread now +0.151%, 7d avg +0.020%
Together, before fees+0.121%+ Points / potential airdropNado: Active · farm board+$12 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Nado is 0.132% dearer against KuCoin than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.020%. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.116% in total (about 12.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin NEARUSDTM4.31300.0100pay 0.0100% / 8h32m 35s$52.3M$45.9M75x
ShortNado NEAR-PERP4.31950.0437get 0.0055% / 1h32m 35s$1.7M$3.2M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado 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

Funding earned
$70.82
Price spread: +0.151% → +0.020%
$13.16
Slippage, 4 orders
−$31.38
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Nado: 3.5 bp × 2 orders
−$7
Net
$33.59
Costs to cover
0.504%
Break-even
3.7 days
Slippage from KuCoin: live order book, 6 min ago; Nado: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 6 min ago2.31 bp17.8 bp −$1826.8 bp −$268doesn't fitdoesn't fit
Sell Nado live order book, 1 min ago0.58 bp6.2 bp −$615.1 bp −$151doesn't fitdoesn't fit

NEAR on 45 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya NEARRUSDPERP−0.0171%1h4.3224+0.219%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.3133+0.007%$106K$68K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.3198+0.158%$162K150xas long as short
Kraken Futures PF_NEARUSD+0.0017%1h4.3166+0.084%$7.1M$38.3M50xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−3.988%$578$301K12xas long as short
Popdex NEARUSDT+0.0096%1h4.3120−0.023%$110K$496K50xas long as short
Bybit NEARUSDT+0.0100%8h4.3116−0.032%$217.7M$430.1M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.3110−0.046%$60.7M$291.1M50xas long as short
Bulk NEAR-USD+0.0100%1h4.3160+0.069%$246K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.3109−0.049%$35.2M$62.4M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin NEARUSDTMlong+0.0100%8h4.3130long leg$52.3M$45.9M75x
Bitget NEARUSDT+0.0100%8h4.3109−0.049%$71.3M$128.1M75xas long as short
Variational Omni NEAR+0.0100%8h4.3217+0.201%$8.7M$18.8Mas long as short
edgeX NEARUSDC+0.0100%4h4.3097−0.076%$250K$899K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.3190+0.139%$1.4M$1.5M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.3170+0.093%$165K$813K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.3246+0.269%$283K$4.1M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.3227+0.225%$58K$235K20xas long as short
SunX NEAR-USDT+0.0100%8h4.3290+0.371%$1K$1.3M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.3195+0.151%$5K$50K10xas long as short
Phemex NEARUSDT+0.0100%8h4.3220+0.209%$3.5M$8.2M50xas long as short
Paradex NEAR-USD-PERP+0.0101%8h4.3123−0.015%$31K$58510xas long as short
Extended NEAR-USD+0.0104%1h4.3104−0.061%$3.6M$17.2M25xas long as short
HTX NEAR-USDT+0.0120%8h4.3340+0.487%$462K$3.8M75xas long as short
Aevo NEAR-PERP+0.0128%1h4.3221+0.211%$201K$38K3xas long as short
Kalshi KXNEARPERP+0.0183%8h4.3203+0.169%$938K$25.2M2.2xas long as short
Aster NEARUSDT+0.0185%8h4.3171+0.096%$2.7M$4.8M50xas long as short
Binance NEARUSDT+0.0188%8h4.3150+0.047%$261.9M$1.09B75xas long as short
MEXC NEAR_USDT+0.0189%8h4.3140+0.023%$82.9M$150.8M200xas long as short
BingX NEAR-USDT+0.0199%8h4.3120−0.023%$145.1Mas long as short
Hyperliquid NEAR+0.0210%1h4.3174+0.102%$348.3M$315.5M10xas long as short
01 Exchange NEARUSD+0.0248%1h4.3140+0.023%$13K$7K10xas long as short
BloFin NEAR-USDT+0.0309%8h4.3250+0.278%$13.3M$31.8M75xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0316% / S −0.0204%1h4.3206+0.177%$233K100xas long as short
Backpack NEAR_USDC_PERP+0.0406%1h4.3217+0.202%$1.1M$7.0M20xas long as short
Nado NEAR-PERPshort+0.0437%1h4.3195+0.151%$1.7M$3.2M10x
Coinbase International NEAR-PERP-INTX+0.0488%1h4.3210+0.185%$2.3M$16.8M50xas long as short
Lighter RH NEAR+0.0536%1h4.3213+0.192%$1.5M$6.6M10xas long as short
Arcus NEAR-USD+0.0638%1h4.3160+0.070%$225K$1.6M10xas long as short
Lighter NEAR+0.0648%1h4.3197+0.155%$17.0M$25.1M15xas long as short
Pacifica NEAR+0.0949%1h4.3157+0.062%$406K$1.5M10xas long as short
Phoenix NEAR+0.0949%1h4.3233+0.239%$1.8M$2.4M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0954%1h4.3250+0.278%$1.9M$13.2M25xas long as short
RISEx NEAR/USDC+0.0965%1h4.3142+0.029%$598K$1.4M10xas long as short
Aftermath Perps NEARUSD+0.1237%1h4.3238+0.250%$5K$7K10xas long as short