Settings8H · net · $10k
Funding arb · Price arb /

NEAR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0411%/8h= +45.0% APRnext payment +$0.51 per $10,000 · paid last 24h +0.131%
Price spread now: GMX against Reya+0.047%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropReya: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and GMX is 0.047% dearer against Reya than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya NEARRUSDPERP4.3770−0.0171get 0.0021% / 1h8m 23s$2K20x
ShortGMX NEAR/USD [ETH-USDC]4.3791L +0.0341% / S −0.0240%get 0.0030% / 1h8m 23s$255K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX 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

Funding earned
$86.29
Price spread: +0.047% → 0.000%
$4.69
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee GMX: 6 bp × 2 orders
−$12
Net
$72.98
Costs to cover
0.180%
Break-even
1.1 days
Slippage unknown: Reya: no order-book sample; GMX: 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
LegHalf-spread$10k$100k$1M$5M
Buy Reya no order-book sample
Sell GMX no order-book sample
Reya and GMX: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya NEARRUSDPERPlong−0.0171%1h4.3770long leg$2K20x
dYdX NEAR-USD0.0000%1h4.3751−0.044%$108K$68K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.3787+0.037%$164K150xas long as short
Kraken Futures PF_NEARUSD+0.0016%1h4.3682−0.202%$7.3M$38.6M50xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−5.392%$578$301K12xas long as short
Popdex NEARUSDT+0.0096%1h4.3810+0.091%$113K$498K50xas long as short
Bybit NEARUSDT+0.0100%8h4.3797+0.061%$221.3M$428.6M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.3790+0.045%$61.4M$296.8M50xas long as short
Bulk NEAR-USD+0.0100%1h4.3750−0.046%$249K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.3776+0.013%$35.9M$63.0M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin NEARUSDTM+0.0100%8h4.3830+0.137%$53.1M$46.0M75xas long as short
Bitget NEARUSDT+0.0100%8h4.3786+0.036%$72.4M$127.8M75xas long as short
Variational Omni NEAR+0.0100%8h4.3490−0.641%$8.9M$18.6Mas long as short
edgeX NEARUSDC+0.0100%4h4.3477−0.671%$252K$894K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.3514−0.586%$1.4M$1.6M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.3440−0.755%$166K$816K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.3807+0.084%$278K$4.1M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.3815+0.102%$58K$235K20xas long as short
SunX NEAR-USDT+0.0100%8h4.3740−0.069%$2K$1.3M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.3680−0.206%$5K$50K10xas long as short
Phemex NEARUSDT+0.0100%8h4.3670−0.229%$3.6M$8.2M50xas long as short
Paradex NEAR-USD-PERP+0.0101%8h4.3762−0.020%$32K$58510xas long as short
Extended NEAR-USD+0.0104%1h4.3784+0.030%$3.6M$16.6M25xas long as short
Aster NEARUSDT+0.0119%8h4.3785+0.034%$2.7M$4.8M50xas long as short
Aevo NEAR-PERP+0.0120%1h4.3810+0.091%$204K$38K3xas long as short
Hyperliquid NEAR+0.0137%1h4.3823+0.121%$353.8M$315.5M10xas long as short
MEXC NEAR_USDT+0.0154%8h4.3780+0.022%$90.8M$154.2M200xas long as short
HTX NEAR-USDT+0.0155%8h4.3820+0.114%$466K$3.8M75xas long as short
Binance NEARUSDT+0.0155%8h4.3812+0.095%$265.3M$1.09B75xas long as short
BingX NEAR-USDC+0.0171%8h4.3800+0.068%$6.6Mas long as short
Kalshi KXNEARPERP+0.0173%8h4.3654−0.266%$970K$25.0M2.2xas long as short
01 Exchange NEARUSD+0.0232%1h4.3855+0.194%$13K$7K10xas long as short
BloFin NEAR-USDT+0.0275%8h4.3680−0.206%$13.3M$32.2M75xas long as short
GMX NEAR/USD [ETH-USDC]shortL +0.0341% / S −0.0240%1h4.3791+0.047%$255K100x
Nado NEAR-PERP+0.0362%1h4.3761−0.022%$1.7M$3.2M10xas long as short
Backpack NEAR_USDC_PERP+0.0461%1h4.3771+0.002%$1.1M$7.1M20xas long as short
Coinbase International NEAR-PERP-INTX+0.0488%1h4.3753−0.039%$2.3M$17.0M50xas long as short
Lighter RH NEAR+0.0488%1h4.3816+0.105%$1.5M$6.7M10xas long as short
Lighter NEAR+0.0536%1h4.3825+0.126%$17.3M$25.4M15xas long as short
Arcus NEAR-USD+0.0638%1h4.3810+0.091%$229K$1.5M10xas long as short
Pacifica NEAR+0.0949%1h4.3788+0.040%$413K$1.4M10xas long as short
Phoenix NEAR+0.0949%1h4.3782+0.027%$1.8M$2.4M10xas long as short
RISEx NEAR/USDC+0.0965%1h4.3817+0.106%$607K$1.4M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.1079%1h4.3698−0.165%$1.9M$13.1M25xas long as short
Aftermath Perps NEARUSD+0.1100%1h4.3632−0.315%$5K$7K10xas long as short