Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0271%/8h= +29.7% APRpaid last 24h +0.081%

Price spread now: BingX against Reya+0.275%50s7-day average — · you sell dearer than you buy

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

Long on Reya Short on BingX

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 for this trade now. Funding pays +$8 a day on $10k at the current rate, and BingX is 0.275% dearer against Reya than usual: you sell high and buy low: +$27 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya NEARRUSDPERP	4.3381	−0.0171	get 0.0021% / 1h	36m 37s	$2K	—	20x
Short	BingX NEAR-USDT	4.3500	0.0100	get 0.0100% / 8h	6h 36m	—	$142.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Reya. 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 ReyabpFee BingXbpOrdersPrice spread, now +0.275%Rate

Funding earned: $56.88
Price spread: +0.275% → 0.000%: $27.46
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee BingX: 5 bp × 2 orders: −$10
Net: $68.33
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; BingX: live order book, 8 min ago. 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 Reya no order-book sample	—	—	—	—	—
Sell BingX live order book, 8 min ago	1.16 bp	6.2 bp −$6	6.2 bp −$62	17.6 bp −$1,764	46.0 bp −$23.0K

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 NEARRUSDPERPlong	−0.0171%	1h	4.3381	long leg	$2K	—	20x
Coinbase International NEAR-PERP-INTX	−0.0064%	1h	4.3375	−0.014%	$2.2M	$13.6M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3444	+0.144%	$108K	$69K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3314	−0.154%	$526K	$19.6M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3399	+0.043%	$201K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.543%	$578	$302K	12x	as long as short
Variational Omni NEAR	+0.0043%	8h	4.3108	−0.628%	$8.2M	$19.1M	—	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3540	+0.367%	$116K	$478K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.3393	+0.028%	$58K	$161K	20x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3485	+0.240%	$411K	$1.2M	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance NEARUSDT	+0.0100%	8h	4.3502	+0.280%	$259.9M	$1.07B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3474	+0.215%	$221.0M	$419.9M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3490	+0.252%	$61.4M	$281.6M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3560	+0.413%	$206K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3449	+0.158%	$248K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3483	+0.235%	$31.2M	$60.7M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3500	+0.275%	$75.7M	$138.1M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3500	+0.275%	$55.9M	$42.8M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3485	+0.240%	$72.1M	$123.6M	75x	as long as short
BingX NEAR-USDTshort	+0.0100%	8h	4.3500	+0.275%	—	$142.6M	—
edgeX NEARUSDC	+0.0100%	4h	4.3236	−0.334%	$260K	$1.0M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3339	−0.096%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3230	−0.348%	$179K	$775K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3434	+0.122%	$214K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3480	+0.228%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3395	+0.033%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3490	+0.252%	$443K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3400	+0.044%	$3.8M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3465	+0.194%	$31K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3474	+0.215%	$3.8M	$17.4M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3384	+0.007%	$202K	$34K	3x	as long as short
Aster NEARUSDT	+0.0114%	8h	4.3471	+0.208%	$3.0M	$5.8M	50x	as long as short
Kraken Futures PF_NEARUSD	+0.0218%	1h	4.3416	+0.082%	$7.6M	$40.2M	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3220	−0.371%	$13.2M	$27.6M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0360% / S −0.0278%	1h	4.3392	+0.025%	$260K	—	100x	as long as short
01 Exchange NEARUSD	+0.0368%	1h	4.3566	+0.427%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0442%	1h	4.3430	+0.113%	$1.9M	$3.1M	10x	as long as short
RISEx NEAR/USDC	+0.0509%	1h	4.3579	+0.457%	$545K	$1.3M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0580%	1h	4.3420	+0.090%	$1.9M	$4.1M	25x	as long as short
Phoenix NEAR	+0.0592%	1h	4.3434	+0.122%	$1.8M	$2.6M	10x	as long as short
Lighter RH NEAR	+0.0672%	1h	4.3526	+0.335%	$1.6M	$6.9M	10x	as long as short
Hyperliquid NEAR	+0.0746%	1h	4.3508	+0.293%	$365.3M	$303.4M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0794%	1h	4.3446	+0.150%	$1.4M	$6.0M	20x	as long as short
Aftermath Perps NEARUSD	+0.1439%	1h	4.3261	−0.275%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1440%	1h	4.3561	+0.415%	$17.4M	$24.7M	15x	as long as short