Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0271%/8h= −29.7% APRpaid last 24h −0.095%

Price spread now: Reya against Aster+0.166%7-day average — · you sell dearer than you buy

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

Long on Aster 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 airdropAster: Stage 5 · Reya: Active · farm boardneeds both histories

The price spread pays, funding is against you. Reya is 0.166% dearer against Aster than usual: you sell high and buy low (spread +0.166% now, against zero (this spread has no 7-day history yet)): +$17 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 2.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster NEARUSDT	4.2704	0.0100	pay 0.0100% / 8h	40m 30s	$2.9M	$5.7M	50x
Short	Reya NEARRUSDPERP	4.2775	−0.0171	pay 0.0021% / 1h	40m 30s	$2K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Aster. 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 AsterbpFee ReyabpOrdersPrice spread, now +0.166%Rate

Funding earned: −$56.88
Price spread: +0.166% → 0.000%: $16.64
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Reya: 3 bp × 2 orders: −$6
Net: −$54.24
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Aster: live order book, 3 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 Aster live order book, 3 min ago	3.51 bp	14.4 bp −$14	26.5 bp −$265	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	4.2775	+0.166%	$2K	—	20x
Coinbase International NEAR-PERP-INTX	−0.0072%	1h	4.2685	−0.044%	$2.2M	$13.0M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2677	−0.063%	$111K	$59K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2680	−0.056%	$401K	$18.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2723	+0.044%	$203K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.030%	$578	$302K	12x	as long as short
Bybit NEARUSDT	+0.0083%	8h	4.2763	+0.139%	$219.2M	$422.0M	75x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2800	+0.225%	$109K	$496K	50x	as long as short
Variational Omni NEAR	+0.0098%	8h	4.2670	−0.080%	$7.8M	$18.0M	—	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2721	+0.040%	$31K	$647	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster NEARUSDTlong	+0.0100%	8h	4.2704	long leg	$2.9M	$5.7M	50x
Pacifica NEAR	+0.0100%	1h	4.2702	−0.005%	$402K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2800	+0.225%	$253.5M	$1.07B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2790	+0.202%	$61.0M	$285.8M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2750	+0.108%	$202K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2674	−0.070%	$243K	$2K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2728	+0.057%	$30.1M	$59.0M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2780	+0.178%	$78.4M	$141.1M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2830	+0.295%	$56.0M	$43.5M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2780	+0.178%	$71.1M	$126.2M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.2720	+0.038%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2703	−0.001%	$243K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2680	−0.056%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2710	+0.014%	$178K	$791K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2831	+0.298%	$199K	$3.4M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2678	−0.060%	$57K	$194K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2720	+0.038%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2683	−0.049%	$13K	$50K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2690	−0.032%	$3.9M	$8.4M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2746	+0.099%	$3.9M	$15.9M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2687	−0.039%	$206K	$62K	3x	as long as short
Kraken Futures PF_NEARUSD	+0.0119%	1h	4.2693	−0.024%	$7.6M	$37.1M	50x	as long as short
01 Exchange NEARUSD	+0.0152%	1h	4.2809	+0.246%	$13K	$7K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2700	−0.009%	$13.0M	$30.7M	75x	as long as short
Lighter RH NEAR	+0.0368%	1h	4.2731	+0.064%	$1.5M	$7.0M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0374% / S −0.0313%	1h	4.2724	+0.047%	$274K	—	100x	as long as short
RISEx NEAR/USDC	+0.0404%	1h	4.2820	+0.271%	$413K	$1.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0426%	1h	4.2731	+0.064%	$1.3M	$5.5M	20x	as long as short
Phoenix NEAR	+0.0463%	1h	4.2717	+0.031%	$1.8M	$2.7M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0523%	1h	4.2720	+0.038%	$1.9M	$2.3M	25x	as long as short
Nado NEAR-PERP	+0.0766%	1h	4.2765	+0.143%	$1.9M	$3.4M	10x	as long as short
HTX NEAR-USDT	+0.0860%	8h	4.2830	+0.295%	$459K	$3.7M	75x	as long as short
Hyperliquid NEAR	+0.0997%	1h	4.2878	+0.409%	$368.4M	$299.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1191%	1h	4.2806	+0.239%	$5K	$11K	10x	as long as short
Lighter NEAR	+0.1800%	1h	4.2781	+0.181%	$16.4M	$23.7M	15x	as long as short