Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: KuCoin against Polymarket Perps+0.282%7-day average −0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$630.630% of the position

Long on Polymarket Perps Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.007%−$1 on $10k

Price spread, last 7 days−0.370%−$37 · spread now +0.282%, 7d avg −0.009%

Together, before fees−0.377%−$38 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 0.290% dearer against Polymarket Perps than usual: you sell high and buy low, +$29 on $10k if it goes back to its 7-day average of −0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps NEAR-USD	4.2979	0.0100	pay 0.0013% / 1h	57m 30s	$208K	$3.5M	10x
Short	KuCoin NEARUSDTM	4.3100	0.0100	get 0.0100% / 8h	6h 57m	$55.5M	$42.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Polymarket Perps. 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 Polymarket PerpsbpFee KuCoinbpOrdersPrice spread, now +0.282%Rate

Funding earned: $0
Price spread: +0.282% → −0.009%: $29.05
Slippage, 4 orders: −$43.05
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$34
Costs to cover: 0.630%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 1 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 Polymarket Perps live order book, 1 min ago	4.52 bp	10.8 bp −$11	35.6 bp −$356	doesn't fit	doesn't fit
Sell KuCoin live order book, 7 min ago	2.31 bp	21.2 bp −$21	31.5 bp −$315	111.7 bp −$11.2K	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	4.2914	−0.151%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0064%	1h	4.3185	+0.479%	$2.2M	$13.3M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2982	+0.006%	$111K	$64K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3241	+0.610%	$392K	$18.8M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3165	+0.432%	$157K	—	150x	as long as short
Variational Omni NEAR	+0.0016%	8h	4.2957	−0.050%	$8.2M	$18.8M	—	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.651%	$578	$302K	12x	as long as short
Phemex NEARUSDT	+0.0069%	8h	4.3180	+0.468%	$3.8M	$8.3M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3000	+0.049%	$115K	$474K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.3189	+0.489%	$57K	$162K	20x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster NEARUSDT	+0.0100%	8h	4.3151	+0.401%	$3.0M	$5.8M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3043	+0.148%	$405K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3008	+0.067%	$256.8M	$1.05B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.2935	−0.102%	$218.5M	$417.0M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2920	−0.137%	$60.6M	$275.6M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3060	+0.188%	$204K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3162	+0.426%	$246K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3003	+0.056%	$30.8M	$59.7M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3050	+0.165%	$75.2M	$135.7M	200x	as long as short
KuCoin NEARUSDTMshort	+0.0100%	8h	4.3100	+0.282%	$55.5M	$42.6M	75x
Bitget NEARUSDT	+0.0100%	8h	4.2939	−0.093%	$71.1M	$122.7M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3030	+0.119%	—	$142.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3195	+0.504%	$259K	$1.0M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3258	+0.650%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3230	+0.584%	$177K	$776K	50x	as long as short
Polymarket Perps NEAR-USDlong	+0.0100%	1h	4.2979	long leg	$208K	$3.5M	10x
SunX NEAR-USDT	+0.0100%	8h	4.3260	+0.654%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3165	+0.433%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3200	+0.514%	$451K	$3.7M	75x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3004	+0.058%	$31K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2997	+0.042%	$3.8M	$17.3M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3170	+0.444%	$201K	$31K	3x	as long as short
Kraken Futures PF_NEARUSD	+0.0219%	1h	4.3211	+0.540%	$7.9M	$37.9M	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3260	+0.654%	$13.2M	$27.7M	75x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0283%	1h	4.3185	+0.479%	$1.9M	$4.0M	25x	as long as short
01 Exchange NEARUSD	+0.0320%	1h	4.3001	+0.051%	$13K	$7K	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0377% / S −0.0308%	1h	4.3158	+0.417%	$276K	—	100x	as long as short
Nado NEAR-PERP	+0.0382%	1h	4.2959	−0.047%	$1.9M	$3.1M	10x	as long as short
Lighter RH NEAR	+0.0488%	1h	4.3152	+0.403%	$1.6M	$6.9M	10x	as long as short
Phoenix NEAR	+0.0499%	1h	4.3191	+0.493%	$1.8M	$2.5M	10x	as long as short
RISEx NEAR/USDC	+0.0509%	1h	4.3053	+0.172%	$428K	$1.2M	10x	as long as short
Hyperliquid NEAR	+0.0811%	1h	4.3005	+0.060%	$364.2M	$302.3M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0918%	1h	4.3221	+0.563%	$1.3M	$5.9M	20x	as long as short
Lighter NEAR	+0.1312%	1h	4.3194	+0.499%	$17.3M	$24.3M	15x	as long as short
Aftermath Perps NEARUSD	+0.1489%	1h	4.3224	+0.570%	$5K	$12K	10x	as long as short