Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0271%/8h= +29.7% APRpaid last 24h +0.081%

Price spread now: Bitget against Reya−0.130%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 Bitget

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. Bitget is 0.130% cheaper against Reya than usual: you would sell low and buy high (spread −0.130% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 38 hours 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	4.4695	−0.0171	get 0.0021% / 1h	44m 10s	$2K	—	20x
Short	Bitget NEARUSDT	4.4637	0.0100	get 0.0100% / 8h	4h 44m	$73.4M	$130.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.130%Rate

Funding earned: $56.88
Price spread: −0.130% → 0.000%: −$13.03
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Bitget: 6 bp × 2 orders: −$12
Net: $25.85
Costs to cover: 0.180%
Break-even: 3.8 days

Slippage unknown: Reya: no order-book sample; Bitget: 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 Bitget live order book, 5 min ago	0.56 bp	13.2 bp −$13	19.2 bp −$192	37.6 bp −$3,764	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	4.4695	long leg	$2K	—	20x
Coinbase International NEAR-PERP-INTX	−0.0008%	1h	4.4686	−0.021%	$2.2M	$15.5M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4567	−0.288%	$110K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4554	−0.316%	$610K	$22.2M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4693	−0.005%	$167K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.350%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4750	+0.123%	$117K	$515K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4592	−0.232%	$426K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4682	−0.029%	$273.2M	$1.11B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4640	−0.124%	$223.6M	$425.1M	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	4.4620	−0.168%	$63.4M	$304.3M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4550	−0.325%	$254K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4699	+0.008%	$32.3M	$63.0M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4710	+0.033%	$75.1M	$147.8M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4720	+0.055%	$55.5M	$46.2M	75x	as long as short
Bitget NEARUSDTshort	+0.0100%	8h	4.4637	−0.130%	$73.4M	$130.7M	75x
BingX NEAR-USDT	+0.0100%	8h	4.4650	−0.101%	—	$148.0M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4367	−0.735%	$8.6M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4481	−0.480%	$267K	$979K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4624	−0.159%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4460	−0.526%	$171K	$793K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4696	+0.002%	$241K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4701	+0.013%	$57K	$237K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4760	+0.145%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4684	−0.025%	$8K	$53K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4760	+0.145%	$466K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4680	−0.034%	$3.8M	$8.4M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4562	−0.299%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4690	−0.012%	$208K	$40K	3x	as long as short
Hyperliquid NEAR	+0.0186%	1h	4.4775	+0.178%	$369.8M	$326.9M	10x	as long as short
Extended NEAR-USD	+0.0200%	1h	4.4638	−0.127%	$4.0M	$19.6M	25x	as long as short
Backpack NEAR_USDC_PERP	+0.0218%	1h	4.4700	+0.011%	$1.4M	$6.6M	20x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4410	−0.638%	$14.1M	$33.1M	75x	as long as short
01 Exchange NEARUSD	+0.0240%	1h	4.4759	+0.143%	$13K	$7K	10x	as long as short
Aster NEARUSDT	+0.0296%	8h	4.4710	+0.033%	$3.1M	$5.5M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0339% / S −0.0217%	1h	4.4701	+0.013%	$250K	—	100x	as long as short
Nado NEAR-PERP	+0.0500%	1h	4.4725	+0.067%	$1.9M	$3.1M	10x	as long as short
Lighter RH NEAR	+0.0512%	1h	4.4740	+0.100%	$1.6M	$7.2M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0581%	1h	4.4712	+0.037%	$8.3M	$40.2M	50x	as long as short
Arcus NEAR-USD	+0.0581%	1h	4.4800	+0.234%	$221K	$1.8M	10x	as long as short
Lighter NEAR	+0.0680%	1h	4.4764	+0.154%	$18.0M	$26.2M	15x	as long as short
Phoenix NEAR	+0.0794%	1h	4.4521	−0.390%	$1.8M	$2.8M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0824%	1h	4.4726	+0.069%	$2.0M	$6.8M	25x	as long as short
RISEx NEAR/USDC	+0.0926%	1h	4.4738	+0.095%	$565K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1557%	1h	4.4608	−0.195%	$6K	$12K	10x	as long as short