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−0.0575%/8h= −63.0% APRnext payment $0.72 per $10,000 · paid last 24h −0.216%
Price spread now: Reya against RISEx−0.040%7-day average · you buy dearer than you sell
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 against this trade now: funding costs −$17 a day on $10k at the current rate, and Reya is 0.040% cheaper against RISEx than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx NEAR/USDC4.26950.0404pay 0.0051% / 1h40m 56s$412K$1.2M10x
ShortReya NEARRUSDPERP4.2678−0.0171pay 0.0021% / 1h40m 56s$2K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Reya against RISEx. 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
−$120.75
Price spread: −0.040% → 0.000%
−$3.99
Slippage, 4 orders
no order book: not counted
Fee RISEx: 3 bp × 2 orders
−$6
Fee Reya: 3 bp × 2 orders
−$6
Net
−$136.74
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: RISEx: live order book, 3 min ago; Reya: 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
LegHalf-spread$10k$100k$1M$5M
Buy RISEx live order book, 3 min ago0.96 bp4.0 bp −$48.4 bp −$84doesn't fitdoesn't fit
Sell Reya no order-book sample
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 NEARRUSDPERPshort−0.0171%1h4.2678−0.040%$2K20x
Coinbase International NEAR-PERP-INTX−0.0072%1h4.2685−0.023%$2.2M$13.0M50xas long as short
dYdX NEAR-USD0.0000%1h4.2625−0.164%$110K$59K10xas long as short
Kalshi KXNEARPERP0.0000%8h4.2680−0.034%$401K$18.5M2.2xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0004%1h4.2723+0.066%$203K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−3.009%$578$302K12xas long as short
Bybit NEARUSDT+0.0086%8h4.2650−0.105%$218.6M$422.2M75xas long as short
Popdex NEARUSDT+0.0096%1h4.2710+0.036%$109K$496K50xas long as short
Variational Omni NEAR+0.0098%8h4.2670−0.059%$7.8M$18.0Mas long as short
Paradex NEAR-USD-PERP+0.0100%8h4.2623−0.169%$31K$64710xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster NEARUSDT+0.0100%8h4.2710+0.036%$2.9M$5.7M50xas long as short
Pacifica NEAR+0.0100%1h4.2659−0.084%$401K$1.2M10xas long as short
Binance NEARUSDT+0.0100%8h4.2680−0.034%$252.8M$1.07B75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.2670−0.058%$60.8M$285.0M50xas long as short
Arcus NEAR-USD+0.0100%1h4.2670−0.058%$201K$1.8M10xas long as short
Bulk NEAR-USD+0.0100%1h4.3000+0.715%$245K$2K10xas long as short
Gate NEAR_USDT+0.0100%8h4.2684−0.025%$30.0M$59.0M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.2690−0.011%$78.3M$141.1M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.2710+0.036%$55.9M$43.5M75xas long as short
Bitget NEARUSDT+0.0100%8h4.2673−0.051%$70.9M$126.2M75xas long as short
BingX NEAR-USDT+0.0100%8h4.2670−0.058%$138.9Mas long as short
edgeX NEARUSDC+0.0100%4h4.2703+0.020%$243K$1.2M20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.2680−0.034%$1.4M$1.3M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.2710+0.036%$178K$791K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.2748+0.125%$188K$3.4M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.2678−0.039%$57K$194K20xas long as short
SunX NEAR-USDT+0.0100%8h4.2720+0.059%$2K$1.4M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.2683−0.027%$13K$50K10xas long as short
Phemex NEARUSDT+0.0100%8h4.2690−0.011%$3.9M$8.4M50xas long as short
Extended NEAR-USD+0.0104%1h4.2658−0.085%$3.9M$15.9M25xas long as short
Aevo NEAR-PERP+0.0104%1h4.2687−0.017%$206K$62K3xas long as short
Kraken Futures PF_NEARUSD+0.0119%1h4.2693−0.003%$7.6M$37.1M50xas long as short
01 Exchange NEARUSD+0.0160%1h4.2672−0.053%$13K$7K10xas long as short
BloFin NEAR-USDT+0.0220%8h4.2700+0.012%$13.0M$30.7M75xas long as short
Lighter RH NEAR+0.0360%1h4.2746+0.120%$1.5M$7.0M10xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0374% / S −0.0313%1h4.2724+0.069%$274K100xas long as short
RISEx NEAR/USDClong+0.0404%1h4.2695long leg$412K$1.2M10x
Backpack NEAR_USDC_PERP+0.0426%1h4.2731+0.085%$1.3M$5.5M20xas long as short
Phoenix NEAR+0.0463%1h4.2717+0.052%$1.8M$2.7M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0523%1h4.2720+0.059%$1.9M$2.3M25xas long as short
Nado NEAR-PERP+0.0774%1h4.2714+0.046%$1.9M$3.4M10xas long as short
HTX NEAR-USDT+0.0860%8h4.2830+0.317%$459K$3.7M75xas long as short
Hyperliquid NEAR+0.0999%1h4.2729+0.080%$367.1M$299.4M10xas long as short
Aftermath Perps NEARUSD+0.1197%1h4.2767+0.169%$5K$11K10xas long as short
Lighter NEAR+0.1800%1h4.2793+0.231%$16.4M$23.7M15xas long as short