Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0271%/8h= −29.7% APRpaid last 24h −0.081%

Price spread now: Reya against OKX−0.022%7-day average — · you buy dearer than you sell

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

Long on OKX 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

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Reya is 0.022% cheaper against OKX than usual: you would sell low and buy high (−$2 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	OKX NEAR-USDT-SWAP	4.4050	0.0100	pay 0.0100% / 8h	4h 11m	$63.0M	$297.7M	50x
Short	Reya NEARRUSDPERP	4.4040	−0.0171	pay 0.0021% / 1h	11m 32s	$2K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against OKX. 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 OKXbpFee ReyabpOrdersPrice spread, now −0.022%Rate

Funding earned: −$56.88
Price spread: −0.022% → 0.000%: −$2.24
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: −$75.12
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: OKX: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy OKX live order book, 3 min ago	1.13 bp	9.1 bp −$9	12.9 bp −$129	25.0 bp −$2,503	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	4.4040	−0.022%	$2K	—	20x
Coinbase International NEAR-PERP-INTX	−0.0008%	1h	4.4127	+0.175%	$2.2M	$15.5M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4091	+0.092%	$109K	$69K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4155	+0.238%	$620K	$22.3M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4078	+0.065%	$165K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.993%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4070	+0.045%	$113K	$517K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4135	+0.193%	$420K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4100	+0.114%	$271.7M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4040	−0.023%	$221.8M	$423.9M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAPlong	+0.0100%	8h	4.4050	long leg	$63.0M	$297.7M	50x
Bulk NEAR-USD	+0.0100%	1h	4.4054	+0.010%	$251K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4065	+0.034%	$32.1M	$64.3M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4100	+0.114%	$74.9M	$150.1M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4140	+0.204%	$54.9M	$46.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4053	+0.007%	$72.4M	$130.0M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.4090	+0.091%	—	$147.3M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4137	+0.198%	$8.6M	$18.1M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4159	+0.247%	$265K	$980K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4070	+0.045%	$1.5M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4090	+0.091%	$170K	$801K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4109	+0.134%	$244K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4109	+0.134%	$56K	$227K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4170	+0.272%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4180	+0.295%	$457K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4150	+0.227%	$3.8M	$8.4M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4085	+0.079%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4130	+0.181%	$205K	$40K	3x	as long as short
SoDEX NEAR-USD	+0.0176%	1h	4.4080	+0.068%	$8K	$52K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4170	+0.272%	$13.8M	$32.8M	75x	as long as short
Aster NEARUSDT	+0.0310%	8h	4.4120	+0.159%	$3.0M	$5.5M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0321% / S −0.0190%	1h	4.4080	+0.069%	$234K	—	100x	as long as short
Backpack NEAR_USDC_PERP	+0.0335%	1h	4.4145	+0.216%	$1.3M	$6.5M	20x	as long as short
01 Exchange NEARUSD	+0.0352%	1h	4.4126	+0.173%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0382%	1h	4.4134	+0.190%	$364.1M	$325.0M	10x	as long as short
Extended NEAR-USD	+0.0448%	1h	4.4066	+0.036%	$3.9M	$19.7M	25x	as long as short
Nado NEAR-PERP	+0.0553%	1h	4.4079	+0.066%	$1.9M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0581%	1h	4.4150	+0.227%	$218K	$1.8M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0589%	1h	4.4107	+0.130%	$8.1M	$39.6M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0612%	1h	4.4110	+0.136%	$2.0M	$7.3M	25x	as long as short
Lighter RH NEAR	+0.0688%	1h	4.4187	+0.311%	$1.5M	$7.2M	10x	as long as short
Phoenix NEAR	+0.0794%	1h	4.4173	+0.279%	$1.8M	$2.8M	10x	as long as short
RISEx NEAR/USDC	+0.0926%	1h	4.4150	+0.226%	$593K	$1.4M	10x	as long as short
Lighter NEAR	+0.0976%	1h	4.4203	+0.347%	$17.8M	$26.5M	15x	as long as short
Aftermath Perps NEARUSD	+0.1585%	1h	4.4135	+0.192%	$5K	$12K	10x	as long as short