Funding arb · Price arb /

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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: Reya against SunX−0.141%7-day average — · you buy dearer than you sell

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

Long on SunX 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 0.141% cheaper against SunX than usual: you would sell low and buy high (−$14 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	SunX NEAR-USDT	4.3610	0.0100	pay 0.0100% / 8h	6h 35m	$2K	$1.4M	20x
Short	Reya NEARRUSDPERP	4.3548	−0.0171	pay 0.0021% / 1h	35m 59s	$2K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against SunX. 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 SunXbpFee ReyabpOrdersPrice spread, now −0.141%Rate

Funding earned: −$56.88
Price spread: −0.141% → 0.000%: −$14.13
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Reya: 3 bp × 2 orders: −$6
Net: −$85.01
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 8 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 SunX live order book, 8 min ago	31.24 bp	54.0 bp −$54	doesn't fit	doesn't fit	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	4.3548	−0.141%	$2K	—	20x
Coinbase International NEAR-PERP-INTX	−0.0064%	1h	4.3611	+0.002%	$2.2M	$13.8M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3444	−0.382%	$108K	$69K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3580	−0.069%	$522K	$19.6M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3549	−0.140%	$202K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.045%	$578	$302K	12x	as long as short
Variational Omni NEAR	+0.0052%	8h	4.3548	−0.142%	$8.3M	$19.1M	—	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3540	−0.161%	$116K	$478K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.3583	−0.062%	$58K	$161K	20x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3485	−0.287%	$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	4.3610	0.000%	$260.6M	$1.07B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3576	−0.078%	$221.5M	$419.7M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3550	−0.138%	$61.5M	$282.3M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3560	−0.115%	$206K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3449	−0.368%	$248K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3571	−0.089%	$31.3M	$60.8M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3590	−0.046%	$75.5M	$138.2M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3580	−0.069%	$56.0M	$42.8M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3566	−0.101%	$72.2M	$123.7M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3580	−0.069%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3236	−0.857%	$260K	$1.0M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3339	−0.620%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3230	−0.871%	$179K	$775K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3575	−0.080%	$214K	$3.5M	10x	as long as short
SunX NEAR-USDTlong	+0.0100%	8h	4.3610	long leg	$2K	$1.4M	20x
SoDEX NEAR-USD	+0.0100%	1h	4.3571	−0.089%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3700	+0.206%	$445K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3580	−0.069%	$3.9M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3465	−0.332%	$31K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3551	−0.136%	$3.8M	$17.4M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3571	−0.090%	$203K	$34K	3x	as long as short
Aster NEARUSDT	+0.0114%	8h	4.3646	+0.082%	$3.0M	$5.8M	50x	as long as short
Kraken Futures PF_NEARUSD	+0.0217%	1h	4.3584	−0.059%	$7.7M	$40.3M	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3220	−0.894%	$13.2M	$27.6M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0360% / S −0.0278%	1h	4.3545	−0.148%	$261K	—	100x	as long as short
01 Exchange NEARUSD	+0.0368%	1h	4.3566	−0.101%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0432%	1h	4.3510	−0.229%	$1.9M	$3.1M	10x	as long as short
RISEx NEAR/USDC	+0.0509%	1h	4.3579	−0.071%	$545K	$1.3M	10x	as long as short
Phoenix NEAR	+0.0592%	1h	4.3434	−0.404%	$1.8M	$2.6M	10x	as long as short
Lighter RH NEAR	+0.0672%	1h	4.3672	+0.142%	$1.6M	$6.9M	10x	as long as short
Hyperliquid NEAR	+0.0759%	1h	4.3628	+0.041%	$366.2M	$303.5M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0783%	1h	4.3607	−0.007%	$1.9M	$4.1M	25x	as long as short
Backpack NEAR_USDC_PERP	+0.0805%	1h	4.3635	+0.057%	$1.4M	$5.9M	20x	as long as short
Aftermath Perps NEARUSD	+0.1440%	1h	4.3317	−0.673%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1480%	1h	4.3703	+0.214%	$17.4M	$24.7M	15x	as long as short