Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0163%/8h= −17.9% APRpaid last 24h −0.006%

Price spread now: KuCoin against Pacifica+0.123%46s7-day average +0.001% · 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—prices read too far apart to compare

costs, in and out, $10k−$500.503% of the position

Long on Pacifica Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.067%−$7 on $10k

Price spread, last 7 days−0.109%−$11 · spread now +0.123%, 7d avg +0.001%

Together, before fees−0.176%+ Points / potential airdropPacifica: Active · farm board−$18 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.122% dearer against Pacifica than usual: you sell high and buy low (spread +0.123% now, against its 7-day average of +0.001%): +$12 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 2.5 days. At the pace of the last 7 days (−0.067% in total) that is about 13 days. The two prices were read 46 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	Pacifica NEAR	4.3487	0.0263	pay 0.0033% / 1h	16m 56s	$402K	$1.3M	10x
Short	KuCoin NEARUSDTM	4.3540	0.0100	get 0.0100% / 8h	3h 16m	$54.0M	$45.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Pacifica. 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 PacificabpFee KuCoinbpOrdersPrice spread, now +0.123%Rate

Funding earned: −$34.29
Price spread: +0.123% → +0.001%: $12.18
Slippage, 4 orders: −$30.3
Fee Pacifica: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$72.41
Costs to cover: 0.503%
Break-even: never at this rate

Slippage from Pacifica: live order book, 2 min ago; KuCoin: 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 Pacifica live order book, 2 min ago	0.12 bp	5.2 bp −$5	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	2.30 bp	15.9 bp −$16	30.6 bp −$306	92.2 bp −$9,220	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	4.3492	+0.013%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3461	−0.059%	$107K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3479	−0.018%	$163K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.775%	$578	$301K	12x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0056%	1h	4.3516	+0.068%	$2.3M	$15.9M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3500	+0.031%	$111K	$502K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3530	+0.100%	$266.3M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3490	+0.008%	$215.1M	$426.0M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3450	−0.084%	$61.5M	$289.5M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3250	−0.544%	$246K	−$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	4.3496	+0.022%	$32.2M	$61.8M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3540	+0.123%	$74.2M	$146.1M	200x	as long as short
KuCoin NEARUSDTMshort	+0.0100%	8h	4.3540	+0.123%	$54.0M	$45.8M	75x
Bitget NEARUSDT	+0.0100%	8h	4.3452	−0.080%	$71.6M	$127.7M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3500	+0.031%	—	$6.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3327	−0.366%	$8.2M	$18.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3370	−0.268%	$253K	$949K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3370	−0.268%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3460	−0.061%	$167K	$796K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3520	+0.077%	$275K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3540	+0.123%	$58K	$246K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3590	+0.238%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3640	+0.353%	$473K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3550	+0.146%	$3.7M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3446	−0.094%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3543	+0.129%	$202K	$37K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3600	+0.261%	$13.6M	$32.3M	75x	as long as short
Pacifica NEARlong	+0.0263%	1h	4.3487	long leg	$402K	$1.3M	10x
Kalshi KXNEARPERP	+0.0284%	8h	4.3496	+0.022%	$873K	$23.4M	2.2x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0324% / S −0.0198%	1h	4.3491	+0.011%	$235K	—	100x	as long as short
Aster NEARUSDT	+0.0324%	8h	4.3520	+0.077%	$2.9M	$5.5M	50x	as long as short
SoDEX NEAR-USD	+0.0367%	1h	4.3515	+0.065%	$6K	$53K	10x	as long as short
01 Exchange NEARUSD	+0.0520%	1h	4.3553	+0.153%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0558%	1h	4.3475	−0.027%	$1.8M	$3.1M	10x	as long as short
Hyperliquid NEAR	+0.0590%	1h	4.3540	+0.123%	$356.5M	$314.3M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0595%	1h	4.3540	+0.123%	$1.3M	$6.7M	20x	as long as short
Extended NEAR-USD	+0.0600%	1h	4.3485	−0.005%	$3.8M	$20.0M	25x	as long as short
Arcus NEAR-USD	+0.0627%	1h	4.3540	+0.123%	$214K	$1.6M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0708%	1h	4.3542	+0.127%	$7.6M	$39.0M	50x	as long as short
Lighter RH NEAR	+0.0912%	1h	4.3576	+0.206%	$1.5M	$7.4M	10x	as long as short
Phoenix NEAR	+0.0941%	1h	4.3602	+0.265%	$1.8M	$2.8M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1015%	1h	4.3544	+0.132%	$1.9M	$9.5M	25x	as long as short
Lighter NEAR	+0.1104%	1h	4.3583	+0.222%	$17.6M	$25.1M	15x	as long as short
RISEx NEAR/USDC	+0.1162%	1h	4.3530	+0.099%	$687K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1576%	1h	4.3502	+0.035%	$5K	$13K	10x	as long as short