Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0271%/8h= −29.7% APRpaid last 24h −0.081%

Price spread now: Reya against BingX+0.232%7-day average — · you sell dearer than you buy

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

Long on BingX Short on Reya

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 · farm boardneeds both histories

The price spread pays, funding is against you. Reya is 0.232% dearer against BingX than usual: you sell high and buy low (spread +0.232% now, against zero (this spread has no 7-day history yet)): +$23 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 2.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX NEAR-USDT	4.2930	0.0100	pay 0.0100% / 8h	7h 48m	—	$140.8M	—
Short	Reya NEARRUSDPERP	4.3030	−0.0171	pay 0.0021% / 1h	48m 00s	$2K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against BingX. 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 BingXbpFee ReyabpOrdersPrice spread, now +0.232%Rate

Funding earned: −$56.88
Price spread: +0.232% → 0.000%: $23.22
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: −$49.66
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: BingX: live order book, 11 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BingX live order book, 11 min ago	1.17 bp	6.2 bp −$6	6.9 bp −$69	15.3 bp −$1,533	41.4 bp −$20.7K
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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex NEARUSDT	−0.0213%	8h	4.2970	+0.093%	$3.8M	$8.5M	50x	as long as short
Bybit NEARUSDT	−0.0182%	8h	4.2950	+0.047%	$219.1M	$418.5M	75x	as long as short
Reya NEARRUSDPERPshort	−0.0171%	1h	4.3030	+0.232%	$2K	—	20x
Kraken Futures PF_NEARUSD	−0.0131%	1h	4.2987	+0.132%	$7.6M	$37.1M	50x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.3081	+0.352%	$2.3M	$13.0M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3035	+0.244%	$112K	$64K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3069	+0.324%	$377K	$18.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3068	+0.322%	$204K	—	150x	as long as short
01 Exchange NEARUSD	+0.0008%	1h	4.3062	+0.307%	$13K	$7K	10x	as long as short
Variational Omni NEAR	+0.0014%	8h	4.2988	+0.136%	$7.9M	$18.6M	—	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.541%	$578	$302K	12x	as long as short
Gate NEAR_USDT	+0.0060%	8h	4.2946	+0.037%	$31.0M	$58.6M	75x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3060	+0.303%	$112K	$478K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.3035	+0.245%	$57K	$193K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3013	+0.194%	$31K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.3017	+0.202%	$3.0M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3042	+0.261%	$403K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2980	+0.116%	$255.2M	$1.07B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2930	0.000%	$61.1M	$279.7M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3030	+0.233%	$197K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3050	+0.280%	$245K	−$0	10x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2970	+0.093%	$79.7M	$138.7M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2980	+0.116%	$56.3M	$43.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2943	+0.030%	$71.3M	$125.0M	75x	as long as short
BingX NEAR-USDTlong	+0.0100%	8h	4.2930	long leg	—	$140.8M	—
edgeX NEARUSDC	+0.0100%	4h	4.3062	+0.306%	$267K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3082	+0.354%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3000	+0.163%	$180K	$791K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3068	+0.321%	$193K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3070	+0.326%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2973	+0.100%	$5K	$53K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3160	+0.536%	$459K	$3.6M	75x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2919	−0.025%	$3.9M	$16.7M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3022	+0.215%	$200K	$28K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3080	+0.349%	$13.0M	$29.3M	75x	as long as short
Hyperliquid NEAR	+0.0310%	1h	4.3005	+0.175%	$366.7M	$300.1M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0354%	1h	4.3056	+0.294%	$1.9M	$3.0M	25x	as long as short
Lighter RH NEAR	+0.0368%	1h	4.3034	+0.242%	$1.6M	$6.8M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0377% / S −0.0313%	1h	4.3069	+0.324%	$276K	—	100x	as long as short
RISEx NEAR/USDC	+0.0428%	1h	4.3050	+0.281%	$409K	$1.2M	10x	as long as short
Nado NEAR-PERP	+0.0437%	1h	4.3022	+0.214%	$1.9M	$3.3M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0492%	1h	4.2984	+0.126%	$1.4M	$5.6M	20x	as long as short
Phoenix NEAR	+0.0499%	1h	4.3171	+0.561%	$1.8M	$2.7M	10x	as long as short
Aftermath Perps NEARUSD	+0.1238%	1h	4.3054	+0.289%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.2224%	1h	4.3101	+0.397%	$17.2M	$23.9M	15x	as long as short