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 +0.211%

Price spread now: HTX against Reya−0.173%47s7-day average — · you buy dearer than you sell

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

Long on Reya Short on HTX

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

Funding pays, the price is against you. HTX is 0.173% cheaper against Reya than usual: you would sell low and buy high (spread −0.173% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 2.1 days of funding at the current rate (+$8 a day). The two prices were read 47 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	4.3175	−0.0171	get 0.0021% / 1h	59m 35s	$2K	—	20x
Short	HTX NEAR-USDT	4.3100	0.0100	get 0.0100% / 8h	6h 59m	$450K	$3.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.173%Rate

Funding earned: $56.88
Price spread: −0.173% → 0.000%: −$17.3
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee HTX: 6 bp × 2 orders: −$12
Net: $21.57
Costs to cover: 0.180%
Break-even: 4.3 days

Slippage unknown: Reya: no order-book sample; HTX: live order book, 4 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 HTX live order book, 4 min ago	9.24 bp	16.9 bp −$17	63.2 bp −$632	doesn't fit	doesn't fit

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	4.3175	long leg	$2K	—	20x
Kraken Futures PF_NEARUSD	−0.0131%	1h	4.3065	−0.254%	$7.9M	$37.9M	50x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.3004	−0.395%	$2.1M	$13.2M	50x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2961	−0.495%	$379K	$18.8M	2.2x	as long as short
dYdX NEAR-USD	+0.0003%	1h	4.3096	−0.181%	$112K	$64K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3020	−0.358%	$156K	—	150x	as long as short
Variational Omni NEAR	+0.0016%	8h	4.2957	−0.503%	$8.2M	$18.8M	—	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.087%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3190	+0.035%	$115K	$474K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.3033	−0.328%	$57K	$162K	20x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster NEARUSDT	+0.0100%	8h	4.3110	−0.150%	$3.0M	$5.8M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3174	−0.002%	$406K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3200	+0.059%	$257.9M	$1.05B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3189	+0.033%	$220.0M	$416.7M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3160	−0.034%	$60.9M	$277.0M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3170	−0.011%	$205K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3243	+0.157%	$246K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3148	−0.062%	$30.9M	$59.6M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3200	+0.059%	$74.9M	$135.4M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3180	+0.012%	$55.7M	$42.6M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3184	+0.022%	$71.5M	$122.7M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3160	−0.034%	—	$142.3M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3202	+0.063%	$257K	$1.1M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2940	−0.544%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3200	+0.059%	$177K	$777K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3206	+0.072%	$209K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3090	−0.196%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3025	−0.347%	$5K	$51K	10x	as long as short
HTX NEAR-USDTshort	+0.0100%	8h	4.3100	−0.173%	$450K	$3.7M	75x
Phemex NEARUSDT	+0.0100%	8h	4.3030	−0.335%	$3.8M	$8.4M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3113	−0.144%	$31K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3144	−0.070%	$3.8M	$17.3M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3019	−0.361%	$200K	$31K	3x	as long as short
01 Exchange NEARUSD	+0.0192%	1h	4.3209	+0.079%	$13K	$7K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2890	−0.659%	$13.1M	$27.5M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0376% / S −0.0308%	1h	4.3007	−0.388%	$274K	—	100x	as long as short
Nado NEAR-PERP	+0.0420%	1h	4.3180	+0.012%	$1.9M	$3.1M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0493%	1h	4.3128	−0.108%	$1.3M	$5.9M	20x	as long as short
Phoenix NEAR	+0.0499%	1h	4.3191	+0.038%	$1.8M	$2.5M	10x	as long as short
RISEx NEAR/USDC	+0.0509%	1h	4.3198	+0.054%	$414K	$1.2M	10x	as long as short
Lighter RH NEAR	+0.0528%	1h	4.3211	+0.084%	$1.6M	$6.9M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0564%	1h	4.3038	−0.317%	$1.9M	$3.9M	25x	as long as short
Hyperliquid NEAR	+0.1113%	1h	4.3255	+0.186%	$366.4M	$302.2M	10x	as long as short
Aftermath Perps NEARUSD	+0.1474%	1h	4.3151	−0.056%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1784%	1h	4.3267	+0.214%	$17.3M	$24.3M	15x	as long as short