Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0270%/8h= −29.6% APRpaid last 24h −0.081%

Price spread now: Reya against Paradex−0.033%7-day average — · you buy dearer than you sell

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

Long on Paradex 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 airdropParadex: Active · Reya: 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 0.033% cheaper against Paradex than usual: you would sell low and buy high (−$3 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	Paradex NEAR-USD-PERP	4.2761	0.0100	pay 0.0100% / 8h	18m 15s	$31K	$647	10x
Short	Reya NEARRUSDPERP	4.2747	−0.0171	pay 0.0021% / 1h	18m 15s	$2K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Paradex. 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 ParadexbpFee ReyabpOrdersPrice spread, now −0.033%Rate

Funding earned: −$56.8
Price spread: −0.033% → 0.000%: −$3.34
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Reya: 3 bp × 2 orders: −$6
Net: −$70.14
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; 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 Paradex no order-book sample	—	—	—	—	—
Sell Reya no order-book sample	—	—	—	—	—

Paradex and 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	4.2747	−0.033%	$2K	—	20x
Coinbase International NEAR-PERP-INTX	−0.0072%	1h	4.2766	+0.012%	$2.2M	$13.1M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2724	−0.087%	$111K	$62K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2739	−0.052%	$350K	$18.8M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2772	+0.026%	$202K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.160%	$578	$302K	12x	as long as short
Bybit NEARUSDT	+0.0052%	8h	4.2745	−0.038%	$218.0M	$422.4M	75x	as long as short
Variational Omni NEAR	+0.0056%	8h	4.2869	+0.253%	$7.9M	$18.5M	—	as long as short
01 Exchange NEARUSD	+0.0080%	1h	4.2782	+0.049%	$13K	$7K	10x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2770	+0.021%	$109K	$495K	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	4.2787	+0.061%	$57K	$194K	20x	as long as short
Paradex NEAR-USD-PERPlong	+0.0100%	8h	4.2761	long leg	$31K	$647	10x
Aster NEARUSDT	+0.0100%	8h	4.2834	+0.169%	$3.0M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.2755	−0.014%	$400K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2774	+0.030%	$252.9M	$1.08B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2780	+0.044%	$60.8M	$286.3M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2790	+0.068%	$196K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2950	+0.442%	$245K	$2K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2753	−0.019%	$30.7M	$60.0M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2770	+0.021%	$77.9M	$142.2M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2790	+0.068%	$55.8M	$43.4M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2769	+0.019%	$71.0M	$126.1M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.2760	−0.003%	—	$140.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2658	−0.241%	$243K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2722	−0.092%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2690	−0.166%	$178K	$791K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2784	+0.054%	$202K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2810	+0.114%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2769	+0.019%	$4K	$54K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2780	+0.044%	$3.8M	$8.6M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2754	−0.016%	$3.9M	$16.1M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2765	+0.009%	$202K	$66K	3x	as long as short
Kraken Futures PF_NEARUSD	+0.0118%	1h	4.2804	+0.101%	$7.6M	$37.6M	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2810	+0.114%	$13.0M	$29.4M	75x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0241%	1h	4.2802	+0.096%	$1.9M	$2.5M	25x	as long as short
Lighter RH NEAR	+0.0320%	1h	4.2838	+0.180%	$1.5M	$7.1M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0376% / S −0.0314%	1h	4.2771	+0.023%	$274K	—	100x	as long as short
RISEx NEAR/USDC	+0.0404%	1h	4.2791	+0.070%	$417K	$1.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0462%	1h	4.2841	+0.187%	$1.4M	$5.6M	20x	as long as short
Phoenix NEAR	+0.0463%	1h	4.2939	+0.416%	$1.8M	$2.7M	10x	as long as short
Nado NEAR-PERP	+0.0677%	1h	4.2736	−0.057%	$1.9M	$3.4M	10x	as long as short
Hyperliquid NEAR	+0.0712%	1h	4.2820	+0.138%	$366.6M	$299.7M	10x	as long as short
HTX NEAR-USDT	+0.0791%	8h	4.2870	+0.255%	$458K	$3.7M	75x	as long as short
Aftermath Perps NEARUSD	+0.1152%	1h	4.2827	+0.155%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1656%	1h	4.2874	+0.263%	$16.5M	$23.9M	15x	as long as short