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: SunX against Reya+0.440%7-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 SunX

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 SunX is 0.440% dearer against Reya than usual: you sell high and buy low: +$44 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya NEARRUSDPERP	4.3857	−0.0171	get 0.0021% / 1h	7m 47s	$2K	—	20x
Short	SunX NEAR-USDT	4.4050	0.0100	get 0.0100% / 8h	4h 07m	$2K	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.440%Rate

Funding earned: $56.88
Price spread: +0.440% → 0.000%: $44.03
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee SunX: 4 bp × 2 orders: −$8
Net: $86.91
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; SunX: live order book, 7 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 SunX live order book, 7 min ago	30.57 bp	81.5 bp −$81	doesn't fit	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	4.3857	long leg	$2K	—	20x
Coinbase International NEAR-PERP-INTX	−0.0008%	1h	4.3801	−0.127%	$2.2M	$15.6M	50x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3973	+0.265%	$617K	$22.3M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3838	−0.043%	$164K	—	150x	as long as short
dYdX NEAR-USD	+0.0008%	1h	4.3837	−0.045%	$108K	$69K	10x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.579%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3890	+0.075%	$113K	$514K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3878	+0.048%	$417K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3902	+0.104%	$270.5M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3860	+0.007%	$220.9M	$423.7M	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-SWAP	+0.0100%	8h	4.3860	+0.007%	$62.6M	$296.0M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4054	+0.450%	$251K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3824	−0.075%	$31.9M	$64.4M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3900	+0.098%	$75.3M	$150.6M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3920	+0.144%	$54.7M	$46.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3844	−0.029%	$72.1M	$130.1M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3840	−0.039%	—	$146.8M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4067	+0.479%	$8.5M	$18.1M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4083	+0.515%	$264K	$962K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4010	+0.350%	$1.5M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4090	+0.531%	$170K	$801K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3890	+0.075%	$243K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3853	−0.009%	$56K	$227K	20x	as long as short
SunX NEAR-USDTshort	+0.0100%	8h	4.4050	+0.440%	$2K	$1.4M	20x
HTX NEAR-USDT	+0.0100%	8h	4.3980	+0.281%	$455K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3840	−0.039%	$3.8M	$8.4M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3848	−0.021%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3855	−0.004%	$204K	$40K	3x	as long as short
SoDEX NEAR-USD	+0.0188%	1h	4.3820	−0.084%	$8K	$52K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3910	+0.121%	$13.7M	$32.5M	75x	as long as short
Aster NEARUSDT	+0.0304%	8h	4.3864	+0.016%	$2.9M	$5.5M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0320% / S −0.0190%	1h	4.3828	−0.066%	$233K	—	100x	as long as short
Backpack NEAR_USDC_PERP	+0.0338%	1h	4.3822	−0.080%	$1.3M	$6.4M	20x	as long as short
01 Exchange NEARUSD	+0.0352%	1h	4.3938	+0.185%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0389%	1h	4.3897	+0.091%	$361.9M	$319.8M	10x	as long as short
Extended NEAR-USD	+0.0480%	1h	4.3815	−0.096%	$3.9M	$19.6M	25x	as long as short
Nado NEAR-PERP	+0.0565%	1h	4.3899	+0.097%	$1.9M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0581%	1h	4.4000	+0.326%	$217K	$1.7M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0593%	1h	4.3812	−0.103%	$7.9M	$39.7M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0594%	1h	4.3860	+0.007%	$2.0M	$7.3M	25x	as long as short
Lighter RH NEAR	+0.0688%	1h	4.3916	+0.135%	$1.5M	$7.2M	10x	as long as short
Phoenix NEAR	+0.0794%	1h	4.4000	+0.326%	$1.8M	$2.8M	10x	as long as short
RISEx NEAR/USDC	+0.0926%	1h	4.3972	+0.262%	$591K	$1.4M	10x	as long as short
Lighter NEAR	+0.1032%	1h	4.3931	+0.169%	$17.7M	$26.5M	15x	as long as short
Aftermath Perps NEARUSD	+0.1604%	1h	4.4008	+0.346%	$5K	$12K	10x	as long as short