Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0271%/8h= −29.7% APRpaid last 24h −0.081%

Price spread now: Reya against Binance−0.121%7-day average — · you buy dearer than you sell

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

Long on Binance Short on Reya

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—+ Points / potential airdropReya: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Reya is 0.121% cheaper against Binance than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NEARUSDT	4.2547	0.0100	pay 0.0100% / 8h	24m 27s	$251.9M	$1.08B	75x
Short	Reya NEARRUSDPERP	4.2496	−0.0171	pay 0.0021% / 1h	24m 27s	$2K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Binance. 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 BinancebpFee ReyabpOrdersPrice spread, now −0.121%Rate

Funding earned: −$56.88
Price spread: −0.121% → 0.000%: −$12.08
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: −$84.96
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 5 min ago; Reya: 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 Binance live order book, 5 min ago	1.17 bp	6.2 bp −$6	9.8 bp −$98	26.5 bp −$2,652	112.2 bp −$56.1K
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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 NEARRUSDPERPshort	−0.0171%	1h	4.2496	−0.121%	$2K	—	20x
Coinbase International NEAR-PERP-INTX	−0.0072%	1h	4.2381	−0.390%	$2.2M	$13.0M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2549	+0.004%	$110K	$59K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2336	−0.496%	$321K	$18.8M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2476	−0.167%	$200K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−2.672%	$578	$302K	12x	as long as short
Variational Omni NEAR	+0.0062%	8h	4.2470	−0.181%	$7.9M	$18.4M	—	as long as short
Bybit NEARUSDT	+0.0064%	8h	4.2510	−0.087%	$217.0M	$422.7M	75x	as long as short
01 Exchange NEARUSD	+0.0080%	1h	4.2571	+0.056%	$12K	$7K	10x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2540	−0.016%	$108K	$496K	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2554	+0.016%	$31K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2540	−0.016%	$3.0M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.2532	−0.035%	$398K	$1.2M	10x	as long as short
Binance NEARUSDTlong	+0.0100%	8h	4.2547	long leg	$251.9M	$1.08B	75x
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2520	−0.063%	$60.5M	$284.4M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2550	+0.007%	$195K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2551	+0.009%	$242K	$2K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2539	−0.019%	$30.6M	$59.4M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2490	−0.134%	$77.5M	$141.7M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2530	−0.040%	$55.3M	$43.4M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2512	−0.082%	$70.6M	$126.0M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.2560	+0.031%	—	$140.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2605	+0.137%	$243K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2778	+0.544%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2630	+0.195%	$178K	$792K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2547	0.000%	$195K	$3.4M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2493	−0.127%	$56K	$194K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2500	−0.110%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2490	−0.134%	$12K	$50K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2500	−0.110%	$3.8M	$8.6M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2534	−0.032%	$3.9M	$16.1M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2485	−0.146%	$200K	$66K	3x	as long as short
Kraken Futures PF_NEARUSD	+0.0119%	1h	4.2516	−0.072%	$7.3M	$37.3M	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2440	−0.251%	$13.0M	$29.2M	75x	as long as short
Lighter RH NEAR	+0.0320%	1h	4.2568	+0.049%	$1.5M	$7.0M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0374% / S −0.0314%	1h	4.2477	−0.165%	$272K	—	100x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0385%	1h	4.2523	−0.056%	$1.8M	$2.5M	25x	as long as short
RISEx NEAR/USDC	+0.0404%	1h	4.2541	−0.014%	$414K	$1.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0438%	1h	4.2540	−0.016%	$1.4M	$5.6M	20x	as long as short
Phoenix NEAR	+0.0463%	1h	4.2668	+0.284%	$1.8M	$2.7M	10x	as long as short
Nado NEAR-PERP	+0.0717%	1h	4.2505	−0.099%	$1.9M	$3.4M	10x	as long as short
Hyperliquid NEAR	+0.0738%	1h	4.2574	+0.063%	$365.9M	$298.3M	10x	as long as short
HTX NEAR-USDT	+0.0812%	8h	4.2610	+0.148%	$458K	$3.7M	75x	as long as short
Aftermath Perps NEARUSD	+0.1150%	1h	4.2623	+0.178%	$6K	$11K	10x	as long as short
Lighter NEAR	+0.1712%	1h	4.2603	+0.132%	$16.4M	$23.8M	15x	as long as short