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 0.000%

Price spread now: KuCoin against OKX+0.138%7-day average +0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$550.549% of the position

Long on OKX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.023%−$2 on $10k

Price spread, last 7 days−0.145%−$15 · spread now +0.138%, 7d avg +0.043%

Together, before fees−0.168%−$17 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: KuCoin is 0.096% dearer against OKX than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX NEAR-USDT-SWAP	4.3380	0.0100	pay 0.0100% / 8h	6h 37m	$61.2M	$281.2M	50x
Short	KuCoin NEARUSDTM	4.3440	0.0100	get 0.0100% / 8h	6h 37m	$55.8M	$42.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against OKX. 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 OKXbpFee KuCoinbpOrdersPrice spread, now +0.138%Rate

Funding earned: $0
Price spread: +0.138% → +0.043%: $9.57
Slippage, 4 orders: −$32.93
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$45.36
Costs to cover: 0.549%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; KuCoin: live order book, 7 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 OKX live order book, 2 min ago	1.15 bp	8.8 bp −$9	19.5 bp −$195	42.6 bp −$4,256	doesn't fit
Sell KuCoin live order book, 7 min ago	1.16 bp	16.8 bp −$17	36.2 bp −$362	106.3 bp −$10.6K	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	4.3381	+0.002%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0064%	1h	4.3313	−0.154%	$2.1M	$13.5M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3382	+0.003%	$108K	$69K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3251	−0.297%	$517K	$19.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3399	+0.045%	$201K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.541%	$578	$302K	12x	as long as short
Variational Omni NEAR	+0.0043%	8h	4.3108	−0.626%	$8.2M	$19.1M	—	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3430	+0.115%	$116K	$478K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.3393	+0.030%	$58K	$161K	20x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3385	+0.012%	$410K	$1.2M	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance NEARUSDT	+0.0100%	8h	4.3420	+0.092%	$259.4M	$1.06B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3385	+0.012%	$220.7M	$419.8M	75x	as long as short
OKX NEAR-USDT-SWAPlong	+0.0100%	8h	4.3380	long leg	$61.2M	$281.2M	50x
Arcus NEAR-USD	+0.0100%	1h	4.3470	+0.207%	$206K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3300	−0.184%	$247K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3403	+0.053%	$31.2M	$60.6M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3400	+0.046%	$75.7M	$137.9M	200x	as long as short
KuCoin NEARUSDTMshort	+0.0100%	8h	4.3440	+0.138%	$55.8M	$42.8M	75x
Bitget NEARUSDT	+0.0100%	8h	4.3382	+0.005%	$71.9M	$123.7M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3390	+0.023%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3236	−0.332%	$260K	$1.0M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3339	−0.093%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3230	−0.346%	$179K	$775K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3434	+0.124%	$214K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3480	+0.231%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3232	−0.341%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3440	+0.138%	$442K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3270	−0.254%	$3.8M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3371	−0.021%	$31K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3419	+0.091%	$3.8M	$17.3M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3384	+0.009%	$202K	$34K	3x	as long as short
Aster NEARUSDT	+0.0112%	8h	4.3482	+0.234%	$3.0M	$5.8M	50x	as long as short
Kraken Futures PF_NEARUSD	+0.0219%	1h	4.3242	−0.319%	$7.9M	$39.9M	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3220	−0.369%	$13.2M	$27.6M	75x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0305%	1h	4.3257	−0.284%	$1.9M	$4.1M	25x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0360% / S −0.0278%	1h	4.3392	+0.027%	$260K	—	100x	as long as short
01 Exchange NEARUSD	+0.0368%	1h	4.3475	+0.219%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0442%	1h	4.3430	+0.115%	$1.9M	$3.1M	10x	as long as short
RISEx NEAR/USDC	+0.0509%	1h	4.3479	+0.228%	$544K	$1.3M	10x	as long as short
Phoenix NEAR	+0.0592%	1h	4.3434	+0.124%	$1.8M	$2.6M	10x	as long as short
Lighter RH NEAR	+0.0656%	1h	4.3457	+0.178%	$1.6M	$6.9M	10x	as long as short
Hyperliquid NEAR	+0.0742%	1h	4.3467	+0.201%	$364.9M	$303.4M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0790%	1h	4.3325	−0.127%	$1.4M	$6.0M	20x	as long as short
Lighter NEAR	+0.1432%	1h	4.3457	+0.178%	$17.3M	$24.7M	15x	as long as short
Aftermath Perps NEARUSD	+0.1439%	1h	4.3261	−0.273%	$5K	$12K	10x	as long as short