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

NEAR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0271%/8h= −29.7% APRpaid last 24h −0.069%
Price spread now: Reya against Variational Omni−0.396%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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVariational Omni: Active · Reya: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Reya is 0.396% cheaper against Variational Omni than usual: you would sell low and buy high (−$40 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni NEAR4.33370.0100pay 0.0100% / 8h38m 19s$8.6M$18.7M
ShortReya NEARRUSDPERP4.3165−0.0171pay 0.0021% / 1h38m 19s$2K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Reya against Variational Omni. 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: −0.396% → 0.000%
−$39.58
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Reya: 3 bp × 2 orders
−$6
Net
−$102.46
Costs to cover
0.060%
Break-even
never at this rate
Slippage unknown: Variational Omni: RFQ quote, 1 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 Variational Omni RFQ quote, 1 min ago3.87 bpdoesn't fit10.6 bp −$10629.1 bp −$2,912doesn'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%1h4.3165−0.396%$2K20x
dYdX NEAR-USD0.0000%1h4.3201−0.312%$106K$68K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.3149−0.433%$162K150xas long as short
Kraken Futures PF_NEARUSD+0.0017%1h4.3089−0.572%$7.1M$38.3M50xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−4.446%$578$301K12xas long as short
Popdex NEARUSDT+0.0096%1h4.3180−0.361%$110K$496K50xas long as short
Bybit NEARUSDT+0.0100%8h4.3143−0.447%$217.7M$430.1M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.3150−0.430%$60.7M$291.1M50xas long as short
Bulk NEAR-USD+0.0100%1h4.3160−0.408%$246K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.3161−0.405%$35.1M$62.3M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin NEARUSDTM+0.0100%8h4.3180−0.361%$52.3M$45.9M75xas long as short
Bitget NEARUSDT+0.0100%8h4.3151−0.428%$71.5M$128.1M75xas long as short
Variational Omni NEARlong+0.0100%8h4.3337long leg$8.6M$18.7M
edgeX NEARUSDC+0.0100%4h4.3338+0.004%$251K$898K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.3340+0.008%$1.4M$1.5M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.3330−0.015%$165K$815K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.3190−0.338%$282K$4.1M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.3170−0.384%$58K$235K20xas long as short
SunX NEAR-USDT+0.0100%8h4.3230−0.246%$1K$1.3M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.3125−0.488%$5K$53K10xas long as short
Phemex NEARUSDT+0.0100%8h4.3200−0.315%$3.5M$8.2M50xas long as short
Paradex NEAR-USD-PERP+0.0102%8h4.3228−0.251%$31K$58510xas long as short
Extended NEAR-USD+0.0104%1h4.3135−0.466%$3.6M$17.3M25xas long as short
HTX NEAR-USDT+0.0118%8h4.3280−0.130%$463K$3.8M75xas long as short
Aevo NEAR-PERP+0.0128%1h4.3152−0.425%$201K$38K3xas long as short
Kalshi KXNEARPERP+0.0192%8h4.3177−0.368%$938K$25.2M2.2xas long as short
BingX NEAR-USDT+0.0198%8h4.3160−0.407%$145.0Mas long as short
MEXC NEAR_USDT+0.0199%8h4.3170−0.384%$83.1M$150.5M200xas long as short
Binance NEARUSDT+0.0199%8h4.3170−0.383%$262.1M$1.09B75xas long as short
Aster NEARUSDT+0.0202%8h4.3176−0.371%$2.7M$4.8M50xas long as short
Hyperliquid NEAR+0.0253%1h4.3198−0.320%$348.8M$315.0M10xas long as short
01 Exchange NEARUSD+0.0280%1h4.3200−0.315%$13K$7K10xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0315% / S −0.0203%1h4.3149−0.432%$232K100xas long as short
BloFin NEAR-USDT+0.0319%8h4.3200−0.315%$13.3M$31.8M75xas long as short
Backpack NEAR_USDC_PERP+0.0393%1h4.3222−0.264%$1.2M$7.0M20xas long as short
Nado NEAR-PERP+0.0470%1h4.3173−0.377%$1.7M$3.2M10xas long as short
Coinbase International NEAR-PERP-INTX+0.0488%1h4.3272−0.149%$2.3M$16.8M50xas long as short
Lighter RH NEAR+0.0536%1h4.3271−0.151%$1.5M$6.6M10xas long as short
Arcus NEAR-USD+0.0638%1h4.3220−0.269%$225K$1.6M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0654%1h4.3196−0.324%$1.9M$13.2M25xas long as short
Lighter NEAR+0.0760%1h4.3290−0.108%$17.1M$25.0M15xas long as short
Pacifica NEAR+0.0949%1h4.3227−0.254%$407K$1.5M10xas long as short
Phoenix NEAR+0.0949%1h4.3384+0.109%$1.8M$2.4M10xas long as short
RISEx NEAR/USDC+0.0965%1h4.3210−0.292%$605K$1.4M10xas long as short
Aftermath Perps NEARUSD+0.1251%1h4.3268−0.158%$5K$7K10xas long as short