Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0271%/8h= +29.7% APRpaid last 24h +0.086%

Price spread now: Aster against Reya+0.286%7-day average — · you sell dearer than you buy

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

Long on Reya Short on Aster

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 · Aster: Stage 5 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Aster is 0.286% dearer against Reya than usual: you sell high and buy low: +$29 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya NEARRUSDPERP	4.2611	−0.0171	get 0.0021% / 1h	38m 27s	$2K	—	20x
Short	Aster NEARUSDT	4.2733	0.0100	get 0.0100% / 8h	7h 38m	$3.0M	$5.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Reya. 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 ReyabpFee AsterbpOrdersPrice spread, now +0.286%Rate

Funding earned: $56.88
Price spread: +0.286% → 0.000%: $28.57
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Aster: 4 bp × 2 orders: −$8
Net: $71.44
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; Aster: live order book, 5 min ago. 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 Reya no order-book sample	—	—	—	—	—
Sell Aster live order book, 5 min ago	3.51 bp	9.7 bp −$10	18.3 bp −$183	doesn't fit	doesn't fit

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 NEARRUSDPERPlong	−0.0171%	1h	4.2611	long leg	$2K	—	20x
Kraken Futures PF_NEARUSD	−0.0131%	1h	4.2798	+0.438%	$7.5M	$37.0M	50x	as long as short
Gate NEAR_USDT	−0.0129%	8h	4.2616	+0.011%	$30.7M	$59.0M	75x	as long as short
Bybit NEARUSDT	−0.0128%	8h	4.2596	−0.036%	$216.9M	$417.1M	75x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.2770	+0.373%	$2.2M	$13.1M	50x	as long as short
01 Exchange NEARUSD	−0.0024%	1h	4.2655	+0.103%	$13K	$7K	10x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2726	+0.269%	$111K	$64K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2714	+0.241%	$430K	$18.5M	2.2x	as long as short
Variational Omni NEAR	+0.0002%	8h	4.2588	−0.054%	$7.9M	$18.7M	—	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2632	+0.048%	$202K	—	150x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−2.819%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2650	+0.091%	$111K	$481K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.2637	+0.060%	$56K	$193K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0099%	8h	4.2736	+0.292%	$31K	$647	10x	as long as short
Aster NEARUSDTshort	+0.0100%	8h	4.2733	+0.286%	$3.0M	$5.7M	50x
Pacifica NEAR	+0.0100%	1h	4.2726	+0.268%	$400K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2630	+0.044%	$253.5M	$1.07B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2590	−0.050%	$60.5M	$276.9M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2700	+0.208%	$196K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2709	+0.231%	$243K	−$0	10x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2620	+0.021%	$78.3M	$139.1M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2660	+0.114%	$55.8M	$43.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2599	−0.029%	$70.7M	$124.8M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.2620	+0.021%	—	$141.1M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2724	+0.265%	$275K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2740	+0.302%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2650	+0.091%	$178K	$790K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2640	+0.067%	$191K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2860	+0.584%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2779	+0.394%	$5K	$52K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.2880	+0.631%	$455K	$3.6M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2790	+0.419%	$3.8M	$8.6M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2596	−0.037%	$3.8M	$17.1M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2606	−0.012%	$198K	$28K	3x	as long as short
Hyperliquid NEAR	+0.0189%	1h	4.2672	+0.143%	$361.6M	$300.3M	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2790	+0.419%	$13.2M	$28.9M	75x	as long as short
Lighter RH NEAR	+0.0312%	1h	4.2765	+0.361%	$1.6M	$6.9M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0373% / S −0.0308%	1h	4.2628	+0.040%	$272K	—	100x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0404%	1h	4.2839	+0.534%	$1.9M	$3.2M	25x	as long as short
RISEx NEAR/USDC	+0.0428%	1h	4.2704	+0.218%	$404K	$1.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0439%	1h	4.2819	+0.488%	$1.3M	$5.7M	20x	as long as short
Phoenix NEAR	+0.0499%	1h	4.2790	+0.419%	$1.8M	$2.7M	10x	as long as short
Nado NEAR-PERP	+0.0510%	1h	4.2608	−0.008%	$1.9M	$3.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1310%	1h	4.2796	+0.433%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.2056%	1h	4.2869	+0.604%	$17.1M	$24.0M	15x	as long as short