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

NEAR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.1333%/8h= +146.0% APRnext payment +$1.67 per $10,000 · paid last 24h +0.227%
Price spread now: RISEx against Reya+0.086%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 +$40 a day on $10k at the current rate, and RISEx is 0.086% dearer against Reya than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya NEARRUSDPERP4.3399−0.0171get 0.0021% / 1h18m 18s$2K20x
ShortRISEx NEAR/USDC4.34360.1162get 0.0145% / 1h18m 18s$686K$1.3M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx 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
$279.95
Price spread: +0.086% → 0.000%
$8.57
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee RISEx: 3 bp × 2 orders
−$6
Net
$276.52
Costs to cover
0.120%
Break-even
0.1 days
Slippage unknown: Reya: no order-book sample; RISEx: live order book, just now. 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 RISEx live order book, just now1.21 bp4.2 bp −$411.7 bp −$117doesn't fitdoesn'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%1h4.3399long leg$2K20x
dYdX NEAR-USD0.0000%1h4.3381−0.042%$107K$69K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.3429+0.069%$162K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−4.583%$578$301K12xas long as short
Coinbase International NEAR-PERP-INTX+0.0056%1h4.3516+0.269%$2.3M$15.9M50xas long as short
Popdex NEARUSDT+0.0096%1h4.3400+0.002%$110K$502K50xas long as short
Binance NEARUSDT+0.0100%8h4.3466+0.153%$265.9M$1.09B75xas long as short
Bybit NEARUSDT+0.0100%8h4.3448+0.112%$214.8M$426.1M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.3450+0.117%$61.4M$289.5M50xas long as short
Bulk NEAR-USD+0.0100%1h4.3250−0.343%$246K−$010xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate NEAR_USDT+0.0100%8h4.3420+0.048%$32.1M$61.8M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.3460+0.140%$74.0M$146.0M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.3430+0.071%$53.8M$46.0M75xas long as short
Bitget NEARUSDT+0.0100%8h4.3460+0.140%$71.7M$127.8M75xas long as short
BingX NEAR-USDC+0.0100%8h4.3450+0.117%$6.6Mas long as short
Variational Omni NEAR+0.0100%8h4.3327−0.165%$8.2M$18.0Mas long as short
edgeX NEARUSDC+0.0100%4h4.3370−0.067%$253K$949K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.3370−0.067%$1.4M$1.5M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.3370−0.067%$167K$795K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.3448+0.112%$275K$3.9M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.3484+0.195%$58K$246K20xas long as short
SunX NEAR-USDT+0.0100%8h4.3510+0.255%$2K$1.4M20xas long as short
HTX NEAR-USDT+0.0100%8h4.3560+0.371%$472K$3.9M75xas long as short
Phemex NEARUSDT+0.0100%8h4.3510+0.255%$3.7M$8.3M50xas long as short
Paradex NEAR-USD-PERP+0.0100%8h4.3405+0.013%$31K$60810xas long as short
Aevo NEAR-PERP+0.0104%1h4.3483+0.194%$202K$37K3xas long as short
BloFin NEAR-USDT+0.0220%8h4.3430+0.071%$13.5M$32.2M75xas long as short
Pacifica NEAR+0.0263%1h4.3424+0.058%$402K$1.3M10xas long as short
Kalshi KXNEARPERP+0.0288%8h4.3412+0.029%$873K$23.4M2.2xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0324% / S −0.0198%1h4.3423+0.055%$234K100xas long as short
Aster NEARUSDT+0.0335%8h4.3450+0.117%$2.8M$5.5M50xas long as short
SoDEX NEAR-USD+0.0361%1h4.3455+0.129%$6K$53K10xas long as short
01 Exchange NEARUSD+0.0520%1h4.3460+0.140%$13K$7K10xas long as short
Nado NEAR-PERP+0.0566%1h4.3423+0.055%$1.8M$3.1M10xas long as short
Backpack NEAR_USDC_PERP+0.0583%1h4.3414+0.034%$1.3M$6.7M20xas long as short
Hyperliquid NEAR+0.0588%1h4.3448+0.113%$355.7M$314.3M10xas long as short
Extended NEAR-USD+0.0600%1h4.3448+0.112%$3.8M$20.0M25xas long as short
Arcus NEAR-USD+0.0627%1h4.3470+0.163%$214K$1.6M10xas long as short
Kraken Futures PF_NEARUSD+0.0709%1h4.3472+0.168%$7.6M$39.0M50xas long as short
Lighter RH NEAR+0.0896%1h4.3539+0.322%$1.5M$7.4M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0924%1h4.3484+0.195%$1.9M$9.5M25xas long as short
Phoenix NEAR+0.0941%1h4.3290−0.252%$1.8M$2.8M10xas long as short
Lighter NEAR+0.1104%1h4.3524+0.287%$17.5M$25.1M15xas long as short
RISEx NEAR/USDCshort+0.1162%1h4.3436+0.086%$686K$1.3M10x
Aftermath Perps NEARUSD+0.1559%1h4.3475+0.174%$5K$13K10xas long as short