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

NEAR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0271%/8h= +29.7% APRpaid last 24h +0.081%
Price spread now: KuCoin against Reya+0.182%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 +$8 a day on $10k at the current rate, and KuCoin is 0.182% dearer against Reya than usual: you sell high and buy low: +$18 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya NEARRUSDPERP4.2652−0.0171get 0.0021% / 1h15m 01s$2K20x
ShortKuCoin NEARUSDTM4.27300.0100get 0.0100% / 8h15m 01s$55.8M$43.5M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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
$56.88
Price spread: +0.182% → 0.000%
$18.22
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee KuCoin: 6 bp × 2 orders
−$12
Net
$57.1
Costs to cover
0.180%
Break-even
from the start
Slippage unknown: Reya: no order-book sample; KuCoin: 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
LegHalf-spread$10k$100k$1M$5M
Buy Reya no order-book sample
Sell KuCoin live order book, 4 min ago1.17 bp9.4 bp −$928.1 bp −$28190.6 bp −$9,056doesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya NEARRUSDPERPlong−0.0171%1h4.2652long leg$2K20x
Coinbase International NEAR-PERP-INTX−0.0072%1h4.2618−0.080%$2.2M$13.0M50xas long as short
dYdX NEAR-USD0.0000%1h4.2761+0.255%$111K$62K10xas long as short
Kalshi KXNEARPERP0.0000%8h4.2698+0.107%$356K$18.7M2.2xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0004%1h4.2703+0.118%$201K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−2.913%$578$302K12xas long as short
Variational Omni NEAR+0.0047%8h4.2759+0.250%$7.9M$18.5Mas long as short
Bybit NEARUSDT+0.0051%8h4.2627−0.059%$217.2M$422.7M75xas long as short
01 Exchange NEARUSD+0.0072%1h4.2730+0.182%$13K$7K10xas long as short
Popdex NEARUSDT+0.0096%1h4.2700+0.112%$109K$495K50xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_NEAR_USDC+0.0100%8h4.2693+0.095%$57K$194K20xas long as short
Paradex NEAR-USD-PERP+0.0100%8h4.2726+0.173%$31K$64710xas long as short
Aster NEARUSDT+0.0100%8h4.2706+0.126%$3.0M$5.7M50xas long as short
Pacifica NEAR+0.0100%1h4.2771+0.278%$400K$1.2M10xas long as short
Binance NEARUSDT+0.0100%8h4.2655+0.007%$252.6M$1.08B75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.2610−0.099%$60.6M$285.6M50xas long as short
Arcus NEAR-USD+0.0100%1h4.2750+0.229%$196K$1.8M10xas long as short
Bulk NEAR-USD+0.0100%1h4.2950+0.698%$245K$2K10xas long as short
Gate NEAR_USDT+0.0100%8h4.2669+0.039%$30.5M$60.1M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.2700+0.112%$77.7M$142.3M200xas long as short
KuCoin NEARUSDTMshort+0.0100%8h4.2730+0.182%$55.8M$43.5M75x
Bitget NEARUSDT+0.0100%8h4.2653+0.002%$70.8M$126.2M75xas long as short
BingX NEAR-USDC+0.0100%8h4.2660+0.018%$6.6Mas long as short
edgeX NEARUSDC+0.0100%4h4.2754+0.238%$244K$1.2M20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.2783+0.306%$1.4M$1.3M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.2750+0.229%$179K$791K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.2696+0.103%$199K$3.5M10xas long as short
SunX NEAR-USDT+0.0100%8h4.2730+0.182%$2K$1.4M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.2704+0.121%$4K$54K10xas long as short
Phemex NEARUSDT+0.0100%8h4.2680+0.065%$3.8M$8.6M50xas long as short
Extended NEAR-USD+0.0104%1h4.2658+0.014%$3.9M$16.1M25xas long as short
Aevo NEAR-PERP+0.0104%1h4.2675+0.053%$201K$66K3xas long as short
Kraken Futures PF_NEARUSD+0.0119%1h4.2722+0.163%$7.6M$37.6M50xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0125%1h4.2702+0.117%$1.9M$2.5M25xas long as short
BloFin NEAR-USDT+0.0220%8h4.2680+0.065%$13.0M$29.3M75xas long as short
Lighter RH NEAR+0.0320%1h4.2763+0.260%$1.5M$7.1M10xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0375% / S −0.0314%1h4.2698+0.107%$274K100xas long as short
RISEx NEAR/USDC+0.0404%1h4.2751+0.232%$419K$1.2M10xas long as short
Backpack NEAR_USDC_PERP+0.0452%1h4.2716+0.149%$1.4M$5.6M20xas long as short
Phoenix NEAR+0.0463%1h4.2892+0.562%$1.8M$2.7M10xas long as short
Nado NEAR-PERP+0.0672%1h4.2685+0.077%$1.9M$3.4M10xas long as short
Hyperliquid NEAR+0.0685%1h4.2717+0.152%$365.1M$300.2M10xas long as short
HTX NEAR-USDT+0.0782%8h4.2820+0.393%$459K$3.7M75xas long as short
Aftermath Perps NEARUSD+0.1150%1h4.2766+0.267%$5K$12K10xas long as short
Lighter NEAR+0.1688%1h4.2807+0.362%$16.6M$24.1M15xas long as short