Settings8H · net · $10k
Funding arb · Price arb /

NEAR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC−0.0271%/8h= −29.7% APRnext payment $0.34 per $10,000 · paid last 24h −0.081%
Price spread now: Reya against Bulk−0.164%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno 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 0.164% cheaper against Bulk than usual: you would sell low and buy high (−$16 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBulk NEAR-USD4.37500.0100pay 0.0013% / 1h38m 52s$252K$3K10x
ShortReya NEARRUSDPERP4.3678−0.0171pay 0.0021% / 1h38m 52s$2K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Reya against Bulk. 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

Funding earned
−$56.88
Price spread: −0.164% → 0.000%
−$16.43
Slippage, 4 orders
no order book: not counted
Fee Bulk: 3.5 bp × 2 orders
−$7
Fee Reya: 3 bp × 2 orders
−$6
Net
−$86.31
Costs to cover
0.130%
Break-even
never at this rate
Slippage unknown: Bulk: live order book, 60 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
LegHalf-spread$10k$100k$1M$5M
Buy Bulk live order book, 60 min ago11.56 bp15.1 bp −$1515.1 bp −$15122.2 bp −$2,22447.8 bp −$23.9K
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_NEARUSD−0.0433%1h4.3648−0.234%$7.2M$38.7M50xas long as short
Reya NEARRUSDPERPshort−0.0171%1h4.3678−0.164%$2K20x
dYdX NEAR-USD0.0000%1h4.3791+0.094%$107K$67K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.3668−0.187%$164K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−5.349%$578$301K12xas long as short
Popdex NEARUSDT+0.0096%1h4.3740−0.023%$119K$506K50xas long as short
Aster NEARUSDT+0.0100%8h4.3650−0.230%$2.7M$4.8M50xas long as short
Bybit NEARUSDT+0.0100%8h4.3670−0.183%$220.1M$429.0M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.3660−0.206%$61.5M$295.8M50xas long as short
Arcus NEAR-USD+0.0100%1h4.3790+0.091%$220K$1.5M10xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bulk NEAR-USDlong+0.0100%1h4.3750long leg$252K$3K10x
Gate NEAR_USDT+0.0100%8h4.3622−0.293%$36.4M$62.0M75xas long as short
KuCoin NEARUSDTM+0.0100%8h4.3610−0.320%$52.4M$45.6M75xas long as short
Bitget NEARUSDT+0.0100%8h4.3571−0.409%$71.9M$128.0M75xas long as short
Variational Omni NEAR+0.0100%8h4.3698−0.119%$9.0M$18.2Mas long as short
edgeX NEARUSDC+0.0100%4h4.3733−0.038%$254K$892K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.3832+0.187%$1.5M$1.6M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.37500.000%$165K$826K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.3810+0.137%$273K$4.1M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.3690−0.137%$58K$235K20xas long as short
SunX NEAR-USDT+0.0100%8h4.3760+0.023%$2K$1.3M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.3655−0.217%$5K$50K10xas long as short
Phemex NEARUSDT+0.0100%8h4.3630−0.274%$3.5M$8.1M50xas long as short
Paradex NEAR-USD-PERP+0.0100%8h4.3801+0.116%$32K$58510xas long as short
Extended NEAR-USD+0.0104%1h4.3569−0.414%$3.6M$15.8M25xas long as short
MEXC NEAR_USDT+0.0112%8h4.3660−0.206%$91.5M$157.0M200xas long as short
Aevo NEAR-PERP+0.0112%1h4.3685−0.149%$203K$40K3xas long as short
Binance NEARUSDT+0.0112%8h4.3677−0.167%$263.6M$1.09B75xas long as short
BingX NEAR-USDT+0.0122%8h4.3670−0.183%$83.9Mas long as short
Kalshi KXNEARPERP+0.0149%8h4.3844+0.215%$875K$25.4M2.2xas long as short
Hyperliquid NEAR+0.0196%1h4.3673−0.176%$352.9M$316.1M10xas long as short
BloFin NEAR-USDT+0.0232%8h4.3660−0.206%$12.5M$32.3M75xas long as short
Nado NEAR-PERP+0.0263%1h4.3696−0.123%$1.7M$3.2M10xas long as short
01 Exchange NEARUSD+0.0320%1h4.3788+0.087%$13K$7K10xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0351% / S −0.0254%1h4.3673−0.176%$257K100xas long as short
HTX NEAR-USDT+0.0354%8h4.3800+0.114%$463K$3.7M75xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0437%1h4.3713−0.085%$1.9M$13.1M25xas long as short
Lighter RH NEAR+0.0456%1h4.3711−0.089%$1.5M$6.4M10xas long as short
Coinbase International NEAR-PERP-INTX+0.0488%1h4.3786+0.082%$2.3M$17.2M50xas long as short
Lighter NEAR+0.0488%1h4.3719−0.071%$17.3M$23.9M15xas long as short
Backpack NEAR_USDC_PERP+0.0535%1h4.3652−0.224%$1.1M$7.2M20xas long as short
RISEx NEAR/USDC+0.0656%1h4.3758+0.018%$595K$1.5M10xas long as short
Pacifica NEAR+0.0701%1h4.3822+0.165%$413K$1.4M10xas long as short
Phoenix NEAR+0.0740%1h4.3911+0.368%$1.8M$2.4M10xas long as short
Aftermath Perps NEARUSD+0.1061%1h4.3856+0.243%$5K$7K10xas long as short