Funding arb · Price arb /

NEAR

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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 +0.061%

Price spread now: GRVT against Reya−0.344%64s7-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 GRVT

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 · GRVT: Active · farm boardneeds both histories

Funding pays, the price is against you. GRVT is 0.344% cheaper against Reya than usual: you would sell low and buy high (spread −0.344% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$34 on $10k: about 4.2 days of funding at the current rate (+$8 a day). The two prices were read 64 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya NEARRUSDPERP	4.2966	−0.0171	get 0.0021% / 1h	54m 25s	$2K	—	20x
Short	GRVT NEAR_USDT_Perp	4.2819	0.0100	get 0.0100% / 8h	7h 54m	$1.4M	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.344%Rate

Funding earned: $56.88
Price spread: −0.344% → 0.000%: −$34.35
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $7.52
Costs to cover: 0.150%
Break-even: 6.1 days

Slippage unknown: Reya: no order-book sample; GRVT: live order book, 4 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 GRVT live order book, 4 min ago	2.34 bp	11.9 bp −$12	26.1 bp −$261	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
Bybit NEARUSDT	−0.0197%	8h	4.2936	−0.070%	$218.6M	$419.9M	75x	as long as short
Reya NEARRUSDPERPlong	−0.0171%	1h	4.2966	long leg	$2K	—	20x
Phemex NEARUSDT	−0.0167%	8h	4.2810	−0.364%	$3.8M	$8.5M	50x	as long as short
Kraken Futures PF_NEARUSD	−0.0131%	1h	4.2851	−0.268%	$7.6M	$37.3M	50x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.2762	−0.475%	$2.2M	$13.0M	50x	as long as short
01 Exchange NEARUSD	−0.0016%	1h	4.2991	+0.058%	$13K	$7K	10x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2984	+0.040%	$111K	$62K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2760	−0.480%	$386K	$18.7M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3023	+0.131%	$204K	—	150x	as long as short
Variational Omni NEAR	+0.0019%	8h	4.2869	−0.226%	$7.9M	$18.5M	—	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	−3.622%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2980	+0.032%	$111K	$479K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.2792	−0.406%	$57K	$194K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2971	+0.010%	$31K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2990	+0.056%	$3.0M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.2983	+0.039%	$402K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2977	+0.026%	$254.9M	$1.07B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2960	−0.015%	$61.0M	$281.6M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2990	+0.055%	$197K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2646	−0.745%	$243K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2966	−0.001%	$31.0M	$58.5M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3010	+0.102%	$79.5M	$138.4M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3000	+0.079%	$56.1M	$43.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2967	+0.002%	$71.3M	$125.3M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.2960	−0.015%	—	$141.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2790	−0.411%	$244K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perpshort	+0.0100%	8h	4.2819	−0.344%	$1.4M	$1.3M	10x
ApeX Omni NEARUSDT	+0.0100%	1h	4.2780	−0.434%	$179K	$794K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2989	+0.053%	$193K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2830	−0.317%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2815	−0.352%	$4K	$53K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.2880	−0.201%	$456K	$3.6M	75x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2958	−0.018%	$3.9M	$16.4M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2788	−0.414%	$199K	$28K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2820	−0.340%	$13.0M	$29.3M	75x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0264%	1h	4.2816	−0.350%	$1.9M	$2.9M	25x	as long as short
Hyperliquid NEAR	+0.0332%	1h	4.3039	+0.169%	$366.7M	$299.5M	10x	as long as short
Lighter RH NEAR	+0.0344%	1h	4.3044	+0.181%	$1.6M	$6.8M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0375% / S −0.0313%	1h	4.2786	−0.421%	$274K	—	100x	as long as short
RISEx NEAR/USDC	+0.0428%	1h	4.3007	+0.096%	$418K	$1.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0431%	1h	4.2854	−0.261%	$1.4M	$5.6M	20x	as long as short
Phoenix NEAR	+0.0463%	1h	4.2848	−0.275%	$1.8M	$2.7M	10x	as long as short
Nado NEAR-PERP	+0.0463%	1h	4.2941	−0.059%	$1.9M	$3.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1169%	1h	4.2861	−0.245%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1712%	1h	4.3111	+0.338%	$17.2M	$23.7M	15x	as long as short