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

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0271%/8h= +29.7% APRpaid last 24h +0.077%
Price spread now: Variational Omni against Reya+0.415%55s7-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 · Variational Omni: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Variational Omni is 0.415% dearer against Reya than usual: you sell high and buy low: +$41 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya NEARRUSDPERP4.1123−0.0171get 0.0021% / 1h11m 35s$2K20x
ShortVariational Omni NEAR4.12930.0100get 0.0100% / 8h2h 11m$7.7M$18.5M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni 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: +0.415% → 0.000%
$41.47
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$92.35
Costs to cover
0.060%
Break-even
from the start
Slippage unknown: Reya: no order-book sample; Variational Omni: RFQ quote, 3 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 Variational Omni RFQ quote, 3 min ago3.93 bpdoesn't fit15.7 bp −$15737.8 bp −$3,784doesn'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%1h4.1123long leg$2K20x
Coinbase International NEAR-PERP-INTX−0.0024%1h4.1162+0.096%$2.1M$12.6M50xas long as short
dYdX NEAR-USD0.0000%1h4.1140+0.041%$103K$54K10xas long as short
Kalshi KXNEARPERP0.0000%8h4.1174+0.125%$396K$18.6M2.2xas long as short
Deribit NEAR_USDC-PERPETUAL0.0000%1h4.1193+0.171%$1.8M$2.1M25xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0004%1h4.1138+0.038%$204K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410+0.699%$578$302K12xas long as short
Popdex NEARUSDT+0.0096%1h4.1130+0.018%$107K$490K50xas long as short
Orderly PERP_NEAR_USDC+0.0099%8h4.1176+0.130%$53K$157K20xas long as short
Paradex NEAR-USD-PERP+0.0100%8h4.1131+0.020%$30K$64710xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster NEARUSDT+0.0100%8h4.1146+0.057%$2.9M$5.8M50xas long as short
Pacifica NEAR+0.0100%1h4.1153+0.073%$347K$1.2M10xas long as short
Binance NEARUSDT+0.0100%8h4.1140+0.042%$234.4M$1.08B75xas long as short
Bybit NEARUSDT+0.0100%8h4.1140+0.042%$209.3M$428.6M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.1120−0.006%$56.2M$274.2M50xas long as short
Bulk NEAR-USD+0.0100%1h4.1150+0.067%$234K$6K10xas long as short
Gate NEAR_USDT+0.0100%8h4.1130+0.018%$29.3M$58.3M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.1140+0.042%$79.9M$144.6M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.1150+0.067%$55.6M$44.9M75xas long as short
Bitget NEARUSDT+0.0100%8h4.1128+0.013%$68.4M$127.0M75xas long as short
BingX NEAR-USDT+0.0100%8h4.1120−0.006%$136.6Mas long as short
Variational Omni NEARshort+0.0100%8h4.1293+0.415%$7.7M$18.5M
edgeX NEARUSDC+0.0100%4h4.1291+0.410%$235K$1.2M20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.1255+0.321%$1.4M$1.3M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.1280+0.383%$181K$791K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.1158+0.086%$204K$3.1M10xas long as short
SunX NEAR-USDT+0.0100%8h4.1200+0.188%$2K$1.4M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.1145+0.054%$5K$46K10xas long as short
Phemex NEARUSDT+0.0100%8h4.1160+0.091%$3.8M$8.2M50xas long as short
Extended NEAR-USD+0.0104%1h4.1119−0.010%$3.7M$14.6M25xas long as short
Aevo NEAR-PERP+0.0104%1h4.1161+0.094%$199K$61K3xas long as short
Arcus NEAR-USD+0.0118%1h4.1150+0.067%$306K$1.6M10xas long as short
Kraken Futures PF_NEARUSD+0.0151%1h4.1179+0.138%$7.3M$37.0M50xas long as short
01 Exchange NEARUSD+0.0168%1h4.1140+0.042%$12K$7K10xas long as short
BloFin NEAR-USDT+0.0220%8h4.1140+0.042%$12.2M$33.5M75xas long as short
Lighter RH NEAR+0.0264%1h4.1175+0.127%$1.4M$7.2M10xas long as short
Nado NEAR-PERP+0.0370%1h4.1124+0.005%$1.8M$3.6M10xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0372% / S −0.0317%1h4.1134+0.029%$271K100xas long as short
RISEx NEAR/USDC+0.0569%1h4.1153+0.074%$410K$1.2M10xas long as short
Phoenix NEAR+0.0582%1h4.1296+0.422%$1.7M$2.8M10xas long as short
Backpack NEAR_USDC_PERP+0.0747%1h4.1182+0.144%$1.4M$5.7M20xas long as short
Lighter NEAR+0.0776%1h4.1199+0.186%$15.2M$23.0M15xas long as short
Hyperliquid NEAR+0.0886%1h4.1186+0.154%$345.7M$299.9M10xas long as short
Aftermath Perps NEARUSD+0.0932%1h4.1255+0.321%$5K$11K10xas long as short
HTX NEAR-USDT+0.1077%8h4.1230+0.261%$443K$3.7M75xas long as short