Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0275%/8h= −30.1% APRpaid last 24h −0.211%

Price spread now: Reya against HTX−0.244%7-day average — · you buy dearer than you sell

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

Long on HTX Short on Reya

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 days—no 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 −$8 a day on $10k at the current rate, and Reya is 0.244% cheaper against HTX than usual: you would sell low and buy high (−$24 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX NEAR-USDT	4.3730	0.0104	pay 0.0104% / 8h	48m 28s	$456K	$3.8M	75x
Short	Reya NEARRUSDPERP	4.3623	−0.0171	pay 0.0021% / 1h	48m 28s	$2K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against HTX. 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 HTXbpFee ReyabpOrdersPrice spread, now −0.244%Rate

Funding earned: −$57.73
Price spread: −0.244% → 0.000%: −$24.42
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: −$100.14
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: HTX: live order book, just now; 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 HTX live order book, just now	16.05 bp	23.1 bp −$23	45.4 bp −$454	doesn't fit	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya NEARRUSDPERPshort	−0.0171%	1h	4.3623	−0.244%	$2K	—	20x
dYdX NEAR-USD	0.0000%	1h	4.3507	−0.509%	$107K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3629	−0.232%	$163K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0017%	1h	4.3603	−0.291%	$7.2M	$38.3M	50x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.305%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3450	−0.640%	$106K	$492K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3479	−0.574%	$219.4M	$431.4M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3470	−0.595%	$61.1M	$292.8M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3597	−0.305%	$248K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3485	−0.560%	$35.5M	$61.8M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NEARUSDTM	+0.0100%	8h	4.3530	−0.457%	$52.7M	$45.9M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3484	−0.563%	$72.0M	$128.0M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3467	−0.603%	$8.6M	$18.7M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3475	−0.582%	$252K	$899K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3486	−0.557%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3500	−0.526%	$164K	$804K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3504	−0.517%	$282K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3648	−0.188%	$58K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3720	−0.023%	$1K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3630	−0.229%	$5K	$53K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3640	−0.206%	$3.6M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.3522	−0.476%	$31K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3478	−0.576%	$3.6M	$17.5M	25x	as long as short
HTX NEAR-USDTlong	+0.0104%	8h	4.3730	long leg	$456K	$3.8M	75x
Aevo NEAR-PERP	+0.0136%	1h	4.3655	−0.172%	$203K	$38K	3x	as long as short
BingX NEAR-USDC	+0.0204%	8h	4.3480	−0.572%	—	$6.6M	—	as long as short
Kalshi KXNEARPERP	+0.0205%	8h	4.3677	−0.121%	$961K	$25.2M	2.2x	as long as short
MEXC NEAR_USDT	+0.0216%	8h	4.3500	−0.526%	$80.5M	$149.1M	200x	as long as short
Binance NEARUSDT	+0.0217%	8h	4.3470	−0.595%	$264.1M	$1.09B	75x	as long as short
Aster NEARUSDT	+0.0232%	8h	4.3470	−0.595%	$2.7M	$4.8M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0315% / S −0.0202%	1h	4.3624	−0.242%	$234K	—	100x	as long as short
BloFin NEAR-USDT	+0.0337%	8h	4.3670	−0.137%	$13.4M	$32.2M	75x	as long as short
01 Exchange NEARUSD	+0.0360%	1h	4.3462	−0.613%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0409%	1h	4.3469	−0.596%	$1.7M	$3.2M	10x	as long as short
Hyperliquid NEAR	+0.0469%	1h	4.3500	−0.526%	$351.8M	$315.8M	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.3693	−0.085%	$2.3M	$16.9M	50x	as long as short
Backpack NEAR_USDC_PERP	+0.0544%	1h	4.3667	−0.144%	$1.2M	$6.9M	20x	as long as short
Arcus NEAR-USD	+0.0638%	1h	4.3520	−0.480%	$229K	$1.6M	10x	as long as short
Lighter RH NEAR	+0.0680%	1h	4.3585	−0.332%	$1.5M	$6.6M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0690%	1h	4.3664	−0.151%	$1.9M	$13.0M	25x	as long as short
Lighter NEAR	+0.0856%	1h	4.3540	−0.435%	$17.2M	$24.9M	15x	as long as short
Pacifica NEAR	+0.0949%	1h	4.3518	−0.485%	$410K	$1.5M	10x	as long as short
Phoenix NEAR	+0.0949%	1h	4.3382	−0.796%	$1.8M	$2.4M	10x	as long as short
RISEx NEAR/USDC	+0.0965%	1h	4.3486	−0.558%	$637K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1301%	1h	4.3484	−0.562%	$5K	$7K	10x	as long as short