Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0271%/8h= −29.7% APRpaid last 24h −0.081%

Price spread now: Reya against edgeX+0.068%7-day average — · you sell dearer than you buy

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

Long on edgeX Short on Reya

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · Reya: Active · farm boardneeds both histories

The price spread pays, funding is against you. Reya is 0.068% dearer against edgeX than usual: you sell high and buy low (spread +0.068% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 20 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX NEARUSDC	4.3715	0.0100	pay 0.0050% / 4h	3h 26m	$253K	$896K	20x
Short	Reya NEARRUSDPERP	4.3745	−0.0171	pay 0.0021% / 1h	26m 29s	$2K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against edgeX. 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 edgeXbpFee ReyabpOrdersPrice spread, now +0.068%Rate

Funding earned: −$56.88
Price spread: +0.068% → 0.000%: $6.83
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Reya: 3 bp × 2 orders: −$6
Net: −$65.04
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 62 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 edgeX live order book, 62 min ago	8.05 bp	13.7 bp −$14	56.3 bp −$563	doesn't fit	doesn't fit
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
Kraken Futures PF_NEARUSD	−0.0431%	1h	4.3794	+0.180%	$7.2M	$38.6M	50x	as long as short
Reya NEARRUSDPERPshort	−0.0171%	1h	4.3745	+0.068%	$2K	—	20x
dYdX NEAR-USD	0.0000%	1h	4.3862	+0.336%	$107K	$65K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3779	+0.148%	$164K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.272%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3870	+0.355%	$121K	$503K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.3883	+0.385%	$2.7M	$4.7M	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3889	+0.398%	$264.7M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3900	+0.424%	$221.2M	$427.1M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3860	+0.332%	$61.8M	$295.5M	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus NEAR-USD	+0.0100%	1h	4.3880	+0.378%	$222K	$1.5M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3750	+0.081%	$252K	$3K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3886	+0.392%	$36.8M	$62.3M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3890	+0.401%	$90.7M	$157.9M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3880	+0.378%	$52.7M	$45.4M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3898	+0.419%	$72.5M	$127.5M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3880	+0.378%	—	$83.1M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3688	−0.062%	$9.0M	$18.1M	—	as long as short
edgeX NEARUSDClong	+0.0100%	4h	4.3715	long leg	$253K	$896K	20x
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3710	−0.011%	$1.4M	$1.6M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3730	+0.035%	$165K	$825K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3890	+0.401%	$274K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3815	+0.229%	$56K	$238K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3880	+0.378%	$1K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3800	+0.195%	$5K	$49K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3880	+0.378%	$3.5M	$8.1M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3850	+0.309%	$32K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3831	+0.265%	$3.6M	$15.4M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3822	+0.246%	$204K	$40K	3x	as long as short
Kalshi KXNEARPERP	+0.0139%	8h	4.3833	+0.270%	$868K	$25.4M	2.2x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3850	+0.309%	$12.6M	$32.4M	75x	as long as short
Nado NEAR-PERP	+0.0250%	1h	4.3895	+0.413%	$1.7M	$3.1M	10x	as long as short
Hyperliquid NEAR	+0.0261%	1h	4.3930	+0.492%	$355.1M	$316.6M	10x	as long as short
01 Exchange NEARUSD	+0.0320%	1h	4.3899	+0.421%	$13K	$6K	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0354% / S −0.0232%	1h	4.3799	+0.192%	$270K	—	100x	as long as short
Lighter NEAR	+0.0400%	1h	4.3905	+0.436%	$17.3M	$23.9M	15x	as long as short
HTX NEAR-USDT	+0.0434%	8h	4.3980	+0.607%	$464K	$3.7M	75x	as long as short
Lighter RH NEAR	+0.0448%	1h	4.3919	+0.467%	$1.5M	$6.5M	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.3889	+0.399%	$2.3M	$17.2M	50x	as long as short
Backpack NEAR_USDC_PERP	+0.0520%	1h	4.3905	+0.435%	$1.1M	$7.2M	20x	as long as short
RISEx NEAR/USDC	+0.0656%	1h	4.3869	+0.354%	$593K	$1.5M	10x	as long as short
Pacifica NEAR	+0.0701%	1h	4.3867	+0.349%	$414K	$1.4M	10x	as long as short
Phoenix NEAR	+0.0740%	1h	4.3857	+0.325%	$1.8M	$2.4M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0755%	1h	4.3845	+0.298%	$1.9M	$13.1M	25x	as long as short
Aftermath Perps NEARUSD	+0.1048%	1h	4.3785	+0.162%	$5K	$7K	10x	as long as short