Funding arb · Price arb /

NEAR

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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: Binance against Reya−0.509%7-day average — · you buy dearer than you sell

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

Long on Reya Short on Binance

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

Funding pays, the price is against you. Binance is 0.509% cheaper against Reya than usual: you would sell low and buy high (spread −0.509% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$51 on $10k: about 6.3 days of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya NEARRUSDPERP	4.5673	−0.0171	get 0.0021% / 1h	11m 06s	$2K	—	20x
Short	Binance NEARUSDT	4.5440	0.0100	get 0.0100% / 8h	5h 11m	$278.3M	$1.11B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.509%Rate

Funding earned: $56.88
Price spread: −0.509% → 0.000%: −$50.95
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Binance: 5 bp × 2 orders: −$10
Net: −$10.07
Costs to cover: 0.160%
Break-even: 8.2 days

Slippage unknown: Reya: no order-book sample; Binance: live order book, 3 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 Binance live order book, 3 min ago	1.09 bp	6.6 bp −$7	11.9 bp −$119	38.2 bp −$3,820	127.3 bp −$63.6K

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	4.5673	long leg	$2K	—	20x
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.5587	−0.188%	$2.3M	$15.7M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.5654	−0.042%	$113K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.5661	−0.026%	$513K	$21.2M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.5579	−0.207%	$170K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−9.334%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.5630	−0.094%	$115K	$513K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.5641	−0.070%	$435K	$1.2M	10x	as long as short
Binance NEARUSDTshort	+0.0100%	8h	4.5440	−0.509%	$278.3M	$1.11B	75x
Bybit NEARUSDT	+0.0100%	8h	4.5369	−0.666%	$227.3M	$425.0M	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	4.5300	−0.817%	$65.6M	$307.8M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.5467	−0.452%	$259K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.5475	−0.434%	$33.0M	$64.7M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.5520	−0.335%	$78.4M	$147.7M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.5510	−0.357%	$55.9M	$45.6M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.5472	−0.440%	$74.9M	$129.6M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.5480	−0.423%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.5696	+0.051%	$8.8M	$18.3M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.5692	+0.042%	$274K	$974K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.5655	−0.041%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.5670	−0.007%	$176K	$796K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.5715	+0.092%	$216K	$3.8M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.5637	−0.079%	$58K	$237K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.5700	+0.059%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.5625	−0.105%	$9K	$54K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.5700	+0.059%	$471K	$4.1M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.5500	−0.379%	$3.9M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.5547	−0.276%	$33K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.5612	−0.133%	$212K	$40K	3x	as long as short
Extended NEAR-USD	+0.0136%	1h	4.5599	−0.163%	$4.3M	$19.3M	25x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.5590	−0.182%	$14.1M	$34.1M	75x	as long as short
Aster NEARUSDT	+0.0304%	8h	4.5618	−0.120%	$3.1M	$5.5M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0362% / S −0.0249%	1h	4.5580	−0.204%	$275K	—	100x	as long as short
Nado NEAR-PERP	+0.0391%	1h	4.5670	−0.007%	$2.0M	$3.2M	10x	as long as short
01 Exchange NEARUSD	+0.0392%	1h	4.5482	−0.418%	$13K	$7K	10x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.5750	+0.169%	$222K	$1.7M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0585%	1h	4.5527	−0.320%	$1.4M	$6.7M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0675%	1h	4.5653	−0.045%	$8.5M	$41.3M	50x	as long as short
Lighter RH NEAR	+0.0720%	1h	4.5652	−0.046%	$1.6M	$7.1M	10x	as long as short
Hyperliquid NEAR	+0.0817%	1h	4.5546	−0.278%	$381.6M	$321.6M	10x	as long as short
Phoenix NEAR	+0.0855%	1h	4.5621	−0.114%	$1.9M	$2.7M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.5684	+0.025%	$578K	$1.4M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1000%	1h	4.5664	−0.020%	$2.0M	$4.5M	25x	as long as short
Lighter NEAR	+0.1152%	1h	4.5691	+0.040%	$18.3M	$26.8M	15x	as long as short
Aftermath Perps NEARUSD	+0.1604%	1h	4.5520	−0.335%	$6K	$12K	10x	as long as short