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: Reya against Bitget−0.017%7-day average — · you buy dearer than you sell

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

Long on Bitget 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$8 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NEARUSDT	4.4169	0.0100	pay 0.0100% / 8h	4h 38m	$72.6M	$130.2M	75x
Short	Reya NEARRUSDPERP	4.4161	−0.0171	pay 0.0021% / 1h	38m 27s	$2K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Bitget. 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 BitgetbpFee ReyabpOrdersPrice spread, now −0.017%Rate

Funding earned: −$56.88
Price spread: −0.017% → 0.000%: −$1.74
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: −$76.61
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 6 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 Bitget live order book, 6 min ago	1.90 bp	11.5 bp −$11	20.0 bp −$200	35.8 bp −$3,582	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	4.4161	−0.017%	$2K	—	20x
Coinbase International NEAR-PERP-INTX	−0.0008%	1h	4.4077	−0.208%	$2.2M	$15.2M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4146	−0.052%	$109K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4180	+0.025%	$599K	$22.0M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4149	−0.046%	$165K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.246%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4220	+0.115%	$117K	$515K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4136	−0.074%	$422K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4230	+0.138%	$270.5M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4200	+0.070%	$222.1M	$424.2M	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	4.4180	+0.025%	$62.8M	$299.8M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4550	+0.863%	$254K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4141	−0.063%	$32.0M	$63.3M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4210	+0.093%	$74.3M	$148.1M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4160	−0.020%	$54.9M	$46.0M	75x	as long as short
Bitget NEARUSDTlong	+0.0100%	8h	4.4169	long leg	$72.6M	$130.2M	75x
BingX NEAR-USDC	+0.0100%	8h	4.4200	+0.070%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4567	+0.901%	$8.7M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4571	+0.910%	$267K	$976K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4605	+0.987%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4600	+0.976%	$171K	$792K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4221	+0.118%	$238K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4187	+0.041%	$56K	$220K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4260	+0.206%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4165	−0.009%	$8K	$53K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4200	+0.070%	$460K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4220	+0.115%	$3.9M	$8.5M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4196	+0.061%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4193	+0.053%	$205K	$40K	3x	as long as short
Hyperliquid NEAR	+0.0172%	1h	4.4200	+0.070%	$364.8M	$324.4M	10x	as long as short
Extended NEAR-USD	+0.0200%	1h	4.4169	0.000%	$4.0M	$19.6M	25x	as long as short
Backpack NEAR_USDC_PERP	+0.0206%	1h	4.4133	−0.082%	$1.3M	$6.6M	20x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4190	+0.048%	$13.9M	$32.9M	75x	as long as short
01 Exchange NEARUSD	+0.0240%	1h	4.4246	+0.174%	$13K	$7K	10x	as long as short
Aster NEARUSDT	+0.0290%	8h	4.4184	+0.035%	$3.0M	$5.5M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0329% / S −0.0206%	1h	4.4142	−0.060%	$239K	—	100x	as long as short
Lighter RH NEAR	+0.0464%	1h	4.4187	+0.041%	$1.5M	$7.2M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0543%	1h	4.4181	+0.027%	$2.0M	$6.8M	25x	as long as short
Nado NEAR-PERP	+0.0553%	1h	4.4185	+0.036%	$1.9M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0581%	1h	4.4600	+0.976%	$220K	$1.8M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0588%	1h	4.4163	−0.015%	$8.2M	$39.9M	50x	as long as short
Phoenix NEAR	+0.0794%	1h	4.4453	+0.643%	$1.8M	$2.8M	10x	as long as short
Lighter NEAR	+0.0848%	1h	4.4224	+0.125%	$17.8M	$26.3M	15x	as long as short
RISEx NEAR/USDC	+0.0926%	1h	4.4262	+0.212%	$562K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1570%	1h	4.4505	+0.761%	$6K	$12K	10x	as long as short