Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0270%/8h= +29.6% APRpaid last 24h +0.081%

Price spread now: Paradex against Reya+0.012%7-day average — · you sell dearer than you buy

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

Long on Reya Short on Paradex

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 · Paradex: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$8 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya NEARRUSDPERP	4.2710	−0.0171	get 0.0021% / 1h	17m 02s	$2K	—	20x
Short	Paradex NEAR-USD-PERP	4.2715	0.0100	get 0.0100% / 8h	17m 02s	$31K	$647	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.012%Rate

Funding earned: $56.8
Price spread: +0.012% → 0.000%: $1.24
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Paradex: 2 bp × 2 orders: −$4
Net: $48.04
Costs to cover: 0.100%
Break-even: 1.1 days

Slippage unknown: Reya: no order-book sample; Paradex: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Reya no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

Reya and Paradex: 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	4.2710	long leg	$2K	—	20x
Coinbase International NEAR-PERP-INTX	−0.0072%	1h	4.2728	+0.042%	$2.2M	$13.1M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2734	+0.055%	$111K	$62K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2763	+0.124%	$347K	$18.8M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2762	+0.123%	$202K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.044%	$578	$302K	12x	as long as short
Bybit NEARUSDT	+0.0054%	8h	4.2830	+0.281%	$218.4M	$422.5M	75x	as long as short
Variational Omni NEAR	+0.0056%	8h	4.2869	+0.373%	$7.9M	$18.5M	—	as long as short
01 Exchange NEARUSD	+0.0080%	1h	4.2722	+0.028%	$13K	$7K	10x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2720	+0.024%	$109K	$496K	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex NEAR-USD-PERPshort	+0.0100%	8h	4.2715	+0.012%	$31K	$647	10x
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2770	+0.141%	$57K	$194K	20x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2814	+0.244%	$3.0M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.2758	+0.113%	$400K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2840	+0.304%	$253.3M	$1.08B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2830	+0.281%	$60.9M	$286.9M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2730	+0.047%	$196K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2950	+0.562%	$245K	$2K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2816	+0.248%	$30.7M	$60.1M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2790	+0.187%	$77.8M	$142.2M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2790	+0.187%	$55.8M	$43.4M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2824	+0.267%	$71.1M	$126.1M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.2830	+0.281%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2911	+0.470%	$245K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2797	+0.203%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2940	+0.539%	$179K	$792K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2748	+0.089%	$201K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2790	+0.187%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2765	+0.129%	$4K	$54K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2770	+0.141%	$3.8M	$8.6M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2815	+0.245%	$3.9M	$16.1M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2749	+0.092%	$202K	$66K	3x	as long as short
Kraken Futures PF_NEARUSD	+0.0118%	1h	4.2812	+0.240%	$7.6M	$37.6M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0218%	1h	4.2777	+0.157%	$1.9M	$2.5M	25x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2800	+0.211%	$13.0M	$29.4M	75x	as long as short
Lighter RH NEAR	+0.0328%	1h	4.2844	+0.314%	$1.5M	$7.1M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0376% / S −0.0314%	1h	4.2764	+0.128%	$274K	—	100x	as long as short
RISEx NEAR/USDC	+0.0404%	1h	4.2745	+0.082%	$419K	$1.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0455%	1h	4.2852	+0.333%	$1.4M	$5.6M	20x	as long as short
Phoenix NEAR	+0.0463%	1h	4.2892	+0.426%	$1.8M	$2.7M	10x	as long as short
Nado NEAR-PERP	+0.0676%	1h	4.2710	0.000%	$1.9M	$3.4M	10x	as long as short
Hyperliquid NEAR	+0.0702%	1h	4.2886	+0.412%	$367.1M	$299.8M	10x	as long as short
HTX NEAR-USDT	+0.0788%	8h	4.2860	+0.351%	$458K	$3.7M	75x	as long as short
Aftermath Perps NEARUSD	+0.1150%	1h	4.2812	+0.239%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1656%	1h	4.2901	+0.446%	$16.5M	$23.9M	15x	as long as short