Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0204%/8h= −22.3% APRpaid last 24h +0.002%

Price spread now: KuCoin against 01 Exchange+0.163%7-day average — · you sell dearer than you buy

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

Long on 01 Exchange Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread pays, funding is against you. KuCoin is 0.163% dearer against 01 Exchange than usual: you sell high and buy low (spread +0.163% now, against zero (this spread has no 7-day history yet)): +$16 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 2.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange NEARUSD	4.2870	0.0304	pay 0.0038% / 1h	56m 22s	$13K	$7K	10x
Short	KuCoin NEARUSDTM	4.2940	0.0100	get 0.0100% / 8h	6h 56m	$55.3M	$42.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against 01 Exchange. 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 01 ExchangebpFee KuCoinbpOrdersPrice spread, now +0.163%Rate

Funding earned: −$42.84
Price spread: +0.163% → 0.000%: $16.33
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$45.51
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; KuCoin: live order book, 8 min ago. 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 01 Exchange no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 8 min ago	2.31 bp	21.2 bp −$21	31.5 bp −$315	111.7 bp −$11.2K	doesn't fit

01 Exchange: 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
Reya NEARRUSDPERP	−0.0171%	1h	4.2898	+0.066%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0064%	1h	4.3146	+0.644%	$2.2M	$13.4M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2802	−0.159%	$111K	$64K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2928	+0.135%	$394K	$18.8M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2879	+0.021%	$156K	—	150x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0007%	1h	4.2892	+0.051%	$1.9M	$4.0M	25x	as long as short
Variational Omni NEAR	+0.0016%	8h	4.2957	+0.204%	$8.2M	$18.8M	—	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.406%	$578	$302K	12x	as long as short
Phemex NEARUSDT	+0.0082%	8h	4.2860	−0.023%	$3.8M	$8.3M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2870	0.000%	$114K	$475K	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.2876	+0.014%	$57K	$162K	20x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2830	−0.093%	$3.0M	$5.8M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.2820	−0.116%	$403K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2892	+0.051%	$254.5M	$1.05B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.2900	+0.070%	$218.0M	$417.1M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2930	+0.140%	$60.3M	$275.8M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2840	−0.070%	$203K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3162	+0.682%	$246K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2794	−0.177%	$30.7M	$59.8M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2880	+0.023%	$73.3M	$136.2M	200x	as long as short
KuCoin NEARUSDTMshort	+0.0100%	8h	4.2940	+0.163%	$55.3M	$42.6M	75x
Bitget NEARUSDT	+0.0100%	8h	4.2912	+0.098%	$71.0M	$122.8M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.2890	+0.047%	—	$142.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3195	+0.759%	$259K	$1.0M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3258	+0.906%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3230	+0.840%	$177K	$776K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2926	+0.131%	$208K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3140	+0.630%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2850	−0.047%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.2910	+0.093%	$448K	$3.7M	75x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2795	−0.175%	$31K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2782	−0.206%	$3.8M	$17.3M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2853	−0.039%	$200K	$31K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2890	+0.047%	$13.1M	$27.5M	75x	as long as short
Kraken Futures PF_NEARUSD	+0.0221%	1h	4.2868	−0.005%	$7.8M	$37.8M	50x	as long as short
01 Exchange NEARUSDlong	+0.0304%	1h	4.2870	long leg	$13K	$7K	10x
GMX NEAR/USD [ETH-USDC]	L +0.0372% / S −0.0302%	1h	4.2878	+0.020%	$271K	—	100x	as long as short
Lighter RH NEAR	+0.0496%	1h	4.2864	−0.014%	$1.6M	$6.9M	10x	as long as short
Phoenix NEAR	+0.0499%	1h	4.3191	+0.749%	$1.8M	$2.5M	10x	as long as short
RISEx NEAR/USDC	+0.0509%	1h	4.2833	−0.087%	$425K	$1.2M	10x	as long as short
Nado NEAR-PERP	+0.0538%	1h	4.2890	+0.047%	$1.9M	$3.1M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0752%	1h	4.2867	−0.007%	$1.3M	$5.9M	20x	as long as short
Hyperliquid NEAR	+0.0769%	1h	4.2974	+0.243%	$363.6M	$302.6M	10x	as long as short
Lighter NEAR	+0.1288%	1h	4.2907	+0.087%	$17.1M	$24.3M	15x	as long as short
Aftermath Perps NEARUSD	+0.1499%	1h	4.3089	+0.510%	$5K	$12K	10x	as long as short