Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0271%/8h= −29.7% APRpaid last 24h −0.081%

Price spread now: Reya against MEXC+0.084%7-day average — · you sell dearer than you buy

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

Long on MEXC 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

The price spread pays, funding is against you. Reya is 0.084% dearer against MEXC than usual: you sell high and buy low (spread +0.084% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 25 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC NEAR_USDT	4.4380	0.0100	pay 0.0100% / 8h	5h 29m	$76.8M	$143.0M	200x
Short	Reya NEARRUSDPERP	4.4417	−0.0171	pay 0.0021% / 1h	29m 14s	$2K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against MEXC. 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 MEXCbpFee ReyabpOrdersPrice spread, now +0.084%Rate

Funding earned: −$56.88
Price spread: +0.084% → 0.000%: $8.36
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Reya: 3 bp × 2 orders: −$6
Net: −$54.51
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: MEXC: 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 MEXC live order book, 5 min ago	1.13 bp	2.1 bp −$2	3.7 bp −$37	52.8 bp −$5,279	92.8 bp −$46.4K
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	4.4417	+0.084%	$2K	—	20x
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.4412	+0.072%	$2.2M	$14.7M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4341	−0.089%	$109K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4412	+0.072%	$606K	$19.7M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.4447	+0.152%	$201K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.692%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4350	−0.068%	$116K	$490K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4326	−0.122%	$418K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4377	−0.007%	$269.4M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4360	−0.045%	$223.0M	$419.5M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4340	−0.090%	$63.6M	$294.1M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4421	+0.092%	$253K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4431	+0.115%	$32.1M	$62.9M	75x	as long as short
MEXC NEAR_USDTlong	+0.0100%	8h	4.4380	long leg	$76.8M	$143.0M	200x
KuCoin NEARUSDTM	+0.0100%	8h	4.4370	−0.023%	$55.6M	$44.5M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4422	+0.095%	$73.2M	$127.2M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.4450	+0.158%	—	$145.2M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4186	−0.437%	$8.7M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4477	+0.220%	$267K	$989K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4180	−0.451%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4160	−0.496%	$172K	$792K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4456	+0.171%	$216K	$3.7M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4445	+0.146%	$60K	$195K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4490	+0.248%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4425	+0.101%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4520	+0.315%	$463K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4340	−0.090%	$3.9M	$8.1M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4352	−0.062%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4399	+0.042%	$3.8M	$18.7M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4441	+0.138%	$207K	$34K	3x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0110%	1h	4.4466	+0.194%	$1.9M	$4.4M	25x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4520	+0.315%	$13.7M	$31.7M	75x	as long as short
Aster NEARUSDT	+0.0238%	8h	4.4441	+0.138%	$3.0M	$5.4M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0352% / S −0.0245%	1h	4.4450	+0.157%	$261K	—	100x	as long as short
01 Exchange NEARUSD	+0.0384%	1h	4.4354	−0.059%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0385%	1h	4.4415	+0.078%	$1.9M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.4370	−0.023%	$211K	$1.7M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0576%	1h	4.4447	+0.151%	$1.4M	$6.6M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0693%	1h	4.4431	+0.115%	$8.3M	$41.0M	50x	as long as short
Lighter RH NEAR	+0.0712%	1h	4.4466	+0.194%	$1.6M	$6.9M	10x	as long as short
Hyperliquid NEAR	+0.0739%	1h	4.4474	+0.212%	$370.4M	$309.1M	10x	as long as short
Phoenix NEAR	+0.0855%	1h	4.4463	+0.187%	$1.8M	$2.7M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.4386	+0.013%	$559K	$1.3M	10x	as long as short
Lighter NEAR	+0.1288%	1h	4.4450	+0.158%	$17.8M	$25.9M	15x	as long as short
Aftermath Perps NEARUSD	+0.1651%	1h	4.4260	−0.271%	$6K	$12K	10x	as long as short