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

NEAR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC−0.0272%/8h= −29.7% APRpaid last 24h −0.081%
Price spread now: Reya against Paradex−0.170%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 airdropParadex: 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 0.170% cheaper against Paradex than usual: you would sell low and buy high (−$17 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex NEAR-USD-PERP4.49090.0101pay 0.0101% / 8h4h 49m$32K$38910x
ShortReya NEARRUSDPERP4.4833−0.0171pay 0.0021% / 1h49m 17s$2K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Reya against Paradex. 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
−$57.03
Price spread: −0.170% → 0.000%
−$16.96
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee Reya: 3 bp × 2 orders
−$6
Net
−$83.99
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: Paradex: no order-book sample; 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 Paradex no order-book sample
Sell Reya no order-book sample
Paradex and 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 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_NEARUSD−0.0381%1h4.4775−0.300%$7.3M$37.1M50xas long as short
Reya NEARRUSDPERPshort−0.0171%1h4.4833−0.170%$2K20x
dYdX NEAR-USD0.0000%1h4.4884−0.056%$110K$53K10xas long as short
Kalshi KXNEARPERP0.0000%8h4.4897−0.027%$919K$26.5M2.2xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.4746−0.363%$168K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−7.792%$578$301K12xas long as short
Popdex NEARUSDT+0.0096%1h4.4890−0.043%$124K$507K50xas long as short
Aster NEARUSDT+0.0100%8h4.4835−0.166%$2.7M$5.0M50xas long as short
Binance NEARUSDT+0.0100%8h4.4826−0.185%$270.7M$1.08B75xas long as short
Bybit NEARUSDT+0.0100%8h4.4826−0.185%$230.2M$429.7M75xas long as short
Show all 45 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX NEAR-USDT-SWAP+0.0100%8h4.4750−0.354%$64.0M$300.1M50xas long as short
Bulk NEAR-USD+0.0100%1h4.4850−0.132%$276K$24K10xas long as short
Gate NEAR_USDT+0.0100%8h4.4783−0.281%$41.0M$61.6M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.4850−0.132%$75.6M$168.7M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.4870−0.087%$54.0M$44.1M75xas long as short
Bitget NEARUSDT+0.0100%8h4.4751−0.352%$74.5M$127.6M75xas long as short
BingX NEAR-USDT+0.0100%8h4.4770−0.310%$74.6Mas long as short
Variational Omni NEAR+0.0100%8h4.4723−0.414%$8.7M$15.7Mas long as short
edgeX NEARUSDC+0.0100%4h4.4769−0.313%$265K$864K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.4740−0.377%$1.5M$1.9M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.4770−0.310%$167K$810K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.4860−0.110%$189K$4.2M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.4776−0.297%$55K$273K20xas long as short
SunX NEAR-USDT+0.0100%8h4.4920+0.024%$2K$1.3M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.4955+0.102%$5K$34K10xas long as short
HTX NEAR-USDT+0.0100%8h4.4840−0.154%$463K$3.7M75xas long as short
Phemex NEARUSDT+0.0100%8h4.4820−0.199%$3.4M$8.3M50xas long as short
Paradex NEAR-USD-PERPlong+0.0101%8h4.4909long leg$32K$38910x
Extended NEAR-USD+0.0104%1h4.4745−0.366%$3.7M$15.0M25xas long as short
Aevo NEAR-PERP+0.0104%1h4.4754−0.345%$208K$38K3xas long as short
Lighter NEAR+0.0168%1h4.4853−0.124%$17.0M$24.7M15xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0191% / S −0.0033%1h4.4772−0.307%$241K100xas long as short
Lighter RH NEAR+0.0192%1h4.4871−0.085%$1.6M$5.7M10xas long as short
Hyperliquid NEAR+0.0215%1h4.4893−0.036%$360.8M$312.6M10xas long as short
01 Exchange NEARUSD+0.0216%1h4.4869−0.089%$13K$4K10xas long as short
BloFin NEAR-USDT+0.0220%8h4.4830−0.176%$12.8M$32.4M75xas long as short
Arcus NEAR-USD+0.0253%1h4.4880−0.065%$226K$1.4M10xas long as short
RISEx NEAR/USDC+0.0478%1h4.4858−0.115%$641K$1.7M10xas long as short
Nado NEAR-PERP+0.0490%1h4.4780−0.288%$1.8M$3.1M10xas long as short
Coinbase International NEAR-PERP-INTX+0.0544%1h4.4889−0.045%$2.3M$17.6M50xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0666%1h4.4797−0.250%$1.9M$13.0M25xas long as short
Pacifica NEAR+0.0687%1h4.4886−0.053%$422K$1.3M10xas long as short
Backpack NEAR_USDC_PERP+0.0728%1h4.4977+0.151%$1.1M$7.2M20xas long as short
Phoenix NEAR+0.0733%1h4.5001+0.204%$1.7M$2.6M10xas long as short
Aftermath Perps NEARUSD+0.0939%1h4.4883−0.059%$6K$6K10xas long as short