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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= +0.1% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Paradex against KuCoin−0.425%47s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.425% cheaper against KuCoin than usual: you would sell low and buy high, −$42 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 47 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	4.4680	0.0100	pay 0.0100% / 8h	7h 19m	$53.7M	$45.3M	75x
Short	Paradex NEAR-USD-PERP	4.4490	0.0100	get 0.0100% / 8h	7h 19m	$32K	$585	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.425%Rate

Funding earned: $0.1
Price spread: −0.425% → 0.000%: −$42.46
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$58.36
Costs to cover: 0.160%
Break-even: 3965.6 days

Slippage unknown: KuCoin: live order book, 9 min ago; Paradex: no order-book sample. Net counts fees only.

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, 9 min ago	1.14 bp	14.1 bp −$14	25.9 bp −$259	112.4 bp −$11.2K	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Kraken Futures PF_NEARUSD	−0.0423%	1h	4.4672	−0.018%	$7.4M	$38.7M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.4589	−0.205%	$2K	—	20x	as long as short
Phemex NEARUSDT	−0.0150%	8h	4.4660	−0.045%	$3.6M	$7.7M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4632	−0.108%	$109K	$65K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0009%	1h	4.4610	−0.157%	$149K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.319%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4520	−0.358%	$123K	$501K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.4661	−0.043%	$2.7M	$4.6M	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4670	−0.022%	$269.2M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4651	−0.065%	$225.4M	$425.9M	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	4.4640	−0.090%	$62.9M	$300.6M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.4520	−0.358%	$225K	$1.5M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3750	−2.081%	$252K	$3K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4673	−0.016%	$37.7M	$62.5M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4680	0.000%	$89.8M	$160.6M	200x	as long as short
KuCoin NEARUSDTMlong	+0.0100%	8h	4.4680	long leg	$53.7M	$45.3M	75x
Bitget NEARUSDT	+0.0100%	8h	4.4644	−0.081%	$73.6M	$127.4M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.4680	0.000%	—	$6.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4199	−1.077%	$9.2M	$18.1M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4218	−1.035%	$256K	$894K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4259	−0.943%	$1.5M	$1.6M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4220	−1.030%	$166K	$825K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4575	−0.235%	$278K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4666	−0.031%	$57K	$238K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4740	+0.134%	$2K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4685	+0.011%	$5K	$49K	10x	as long as short
Paradex NEAR-USD-PERPshort	+0.0100%	8h	4.4490	−0.425%	$32K	$585	10x
Extended NEAR-USD	+0.0104%	1h	4.4614	−0.147%	$3.7M	$15.3M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4670	−0.022%	$208K	$38K	3x	as long as short
Kalshi KXNEARPERP	+0.0137%	8h	4.4571	−0.244%	$905K	$25.5M	2.2x	as long as short
Nado NEAR-PERP	+0.0213%	1h	4.4625	−0.123%	$1.7M	$3.2M	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4310	−0.828%	$12.7M	$32.6M	75x	as long as short
Hyperliquid NEAR	+0.0297%	1h	4.4716	+0.081%	$363.7M	$316.4M	10x	as long as short
01 Exchange NEARUSD	+0.0320%	1h	4.4541	−0.311%	$13K	$6K	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0357% / S −0.0259%	1h	4.4572	−0.242%	$261K	—	100x	as long as short
Lighter RH NEAR	+0.0448%	1h	4.4707	+0.060%	$1.6M	$6.5M	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.4658	−0.049%	$2.3M	$17.5M	50x	as long as short
Lighter NEAR	+0.0488%	1h	4.4697	+0.038%	$17.6M	$24.0M	15x	as long as short
HTX NEAR-USDT	+0.0497%	8h	4.4750	+0.157%	$473K	$3.7M	75x	as long as short
Backpack NEAR_USDC_PERP	+0.0555%	1h	4.4732	+0.116%	$1.1M	$7.1M	20x	as long as short
RISEx NEAR/USDC	+0.0656%	1h	4.4622	−0.131%	$603K	$1.5M	10x	as long as short
Pacifica NEAR	+0.0701%	1h	4.4485	−0.436%	$419K	$1.4M	10x	as long as short
Phoenix NEAR	+0.0740%	1h	4.4057	−1.394%	$1.8M	$2.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1007%	1h	4.4120	−1.254%	$6K	$7K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.2930%	1h	4.4792	+0.251%	$2.0M	$13.1M	25x	as long as short