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 OKX−0.065%7-day average — · you buy dearer than you sell

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

Long on OKX 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 0.065% cheaper against OKX than usual: you would sell low and buy high (−$7 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	OKX NEAR-USDT-SWAP	4.2920	0.0100	pay 0.0100% / 8h	20m 00s	$61.0M	$287.2M	50x
Short	Reya NEARRUSDPERP	4.2892	−0.0171	pay 0.0021% / 1h	20m 00s	$2K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against OKX. 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 OKXbpFee ReyabpOrdersPrice spread, now −0.065%Rate

Funding earned: −$56.88
Price spread: −0.065% → 0.000%: −$6.54
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: −$79.42
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 4 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 OKX live order book, 4 min ago	1.17 bp	10.5 bp −$10	20.9 bp −$209	42.9 bp −$4,290	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
Reya NEARRUSDPERPshort	−0.0171%	1h	4.2892	−0.065%	$2K	—	20x
Coinbase International NEAR-PERP-INTX	−0.0072%	1h	4.2899	−0.049%	$2.3M	$13.2M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2924	+0.008%	$111K	$62K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2917	−0.007%	$334K	$18.8M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2922	+0.005%	$202K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.518%	$578	$302K	12x	as long as short
Variational Omni NEAR	+0.0056%	8h	4.2869	−0.118%	$7.9M	$18.5M	—	as long as short
Bybit NEARUSDT	+0.0057%	8h	4.2900	−0.047%	$218.9M	$422.4M	75x	as long as short
01 Exchange NEARUSD	+0.0080%	1h	4.2926	+0.014%	$13K	$7K	10x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2890	−0.070%	$109K	$496K	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	+0.0100%	8h	4.2935	+0.035%	$57K	$194K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2896	−0.056%	$31K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2965	+0.104%	$3.0M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.2928	+0.019%	$402K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2920	0.000%	$253.8M	$1.08B	75x	as long as short
OKX NEAR-USDT-SWAPlong	+0.0100%	8h	4.2920	long leg	$61.0M	$287.2M	50x
Arcus NEAR-USD	+0.0100%	1h	4.2910	−0.023%	$197K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2551	−0.860%	$242K	$2K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2895	−0.058%	$30.8M	$60.0M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2910	−0.023%	$78.5M	$142.0M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2930	+0.023%	$55.8M	$43.4M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2935	+0.035%	$71.3M	$126.1M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.2900	−0.047%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2658	−0.611%	$243K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2722	−0.462%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2690	−0.536%	$178K	$791K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2921	+0.002%	$191K	$3.4M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2940	+0.047%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2891	−0.068%	$4K	$54K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2910	−0.023%	$3.8M	$8.6M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2882	−0.089%	$3.9M	$16.1M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2897	−0.053%	$202K	$66K	3x	as long as short
Kraken Futures PF_NEARUSD	+0.0118%	1h	4.2933	+0.031%	$7.7M	$37.5M	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2880	−0.093%	$13.0M	$29.4M	75x	as long as short
Lighter RH NEAR	+0.0328%	1h	4.2965	+0.105%	$1.5M	$7.0M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0376% / S −0.0314%	1h	4.2923	+0.007%	$275K	—	100x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0402%	1h	4.2959	+0.091%	$1.9M	$2.5M	25x	as long as short
RISEx NEAR/USDC	+0.0404%	1h	4.2911	−0.020%	$418K	$1.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0460%	1h	4.2956	+0.084%	$1.4M	$5.6M	20x	as long as short
Phoenix NEAR	+0.0463%	1h	4.2601	−0.743%	$1.8M	$2.7M	10x	as long as short
Nado NEAR-PERP	+0.0684%	1h	4.2869	−0.118%	$1.9M	$3.4M	10x	as long as short
Hyperliquid NEAR	+0.0724%	1h	4.2977	+0.133%	$369.3M	$298.8M	10x	as long as short
HTX NEAR-USDT	+0.0799%	8h	4.3010	+0.210%	$462K	$3.7M	75x	as long as short
Aftermath Perps NEARUSD	+0.1150%	1h	4.2768	−0.353%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1688%	1h	4.3017	+0.226%	$16.5M	$23.9M	15x	as long as short