Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0271%/8h= −29.7% APRpaid last 24h −0.081%

Price spread now: Reya against edgeX−0.494%65s7-day average — · you buy dearer than you sell

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

Long on edgeX 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 airdropedgeX: Active · Reya: 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 0.494% cheaper against edgeX than usual: you would sell low and buy high (−$49 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 65 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	edgeX NEARUSDC	4.4779	0.0100	pay 0.0050% / 4h	1h 39m	$262K	$967K	20x
Short	Reya NEARRUSDPERP	4.4558	−0.0171	pay 0.0021% / 1h	39m 54s	$2K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against edgeX. 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 edgeXbpFee ReyabpOrdersPrice spread, now −0.494%Rate

Funding earned: −$56.88
Price spread: −0.494% → 0.000%: −$49.38
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Reya: 3 bp × 2 orders: −$6
Net: −$121.25
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 59 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 edgeX live order book, 59 min ago	6.99 bp	13.0 bp −$13	41.1 bp −$411	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	4.4558	−0.494%	$2K	—	20x
dYdX NEAR-USD	0.0000%	1h	4.4644	−0.302%	$110K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4563	−0.483%	$168K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.524%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4640	−0.311%	$111K	$494K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4446	−0.744%	$225.4M	$435.6M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4430	−0.780%	$62.9M	$299.2M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.5008	+0.511%	$256K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4453	−0.728%	$35.3M	$60.6M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4490	−0.646%	$52.7M	$46.0M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NEARUSDT	+0.0100%	8h	4.4484	−0.659%	$73.8M	$128.1M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4927	+0.331%	$9.1M	$18.5M	—	as long as short
edgeX NEARUSDClong	+0.0100%	4h	4.4779	long leg	$262K	$967K	20x
ApeX Omni NEARUSDT	+0.0100%	1h	4.4740	−0.087%	$168K	$804K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4607	−0.384%	$294K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4486	−0.655%	$58K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4520	−0.579%	$1K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4560	−0.489%	$464K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4460	−0.713%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0106%	8h	4.4700	−0.177%	$32K	$585	10x	as long as short
GRVT NEAR_USDT_Perp	+0.0124%	8h	4.4854	+0.167%	$1.5M	$1.5M	10x	as long as short
Aevo NEAR-PERP	+0.0128%	1h	4.4528	−0.562%	$207K	$40K	3x	as long as short
SoDEX NEAR-USD	+0.0175%	1h	4.4447	−0.742%	$5K	$53K	10x	as long as short
BingX NEAR-USDC	+0.0185%	8h	4.4470	−0.690%	—	$6.7M	—	as long as short
MEXC NEAR_USDT	+0.0189%	8h	4.4510	−0.601%	$83.5M	$146.3M	200x	as long as short
Binance NEARUSDT	+0.0190%	8h	4.4481	−0.665%	$270.8M	$1.09B	75x	as long as short
Kalshi KXNEARPERP	+0.0292%	8h	4.4525	−0.567%	$1.1M	$25.1M	2.2x	as long as short
Extended NEAR-USD	+0.0296%	1h	4.4464	−0.703%	$3.7M	$18.8M	25x	as long as short
BloFin NEAR-USDT	+0.0310%	8h	4.4790	+0.024%	$13.6M	$33.0M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0335% / S −0.0229%	1h	4.4554	−0.503%	$256K	—	100x	as long as short
Aster NEARUSDT	+0.0336%	8h	4.4480	−0.668%	$2.8M	$5.0M	50x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0424%	1h	4.4520	−0.579%	$2.3M	$16.5M	50x	as long as short
01 Exchange NEARUSD	+0.0472%	1h	4.4667	−0.250%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0541%	1h	4.4531	−0.554%	$366.4M	$311.8M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0548%	1h	4.4495	−0.634%	$1.4M	$6.7M	20x	as long as short
Nado NEAR-PERP	+0.0580%	1h	4.4594	−0.413%	$1.7M	$3.2M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0657%	1h	4.4424	−0.794%	$7.4M	$38.5M	50x	as long as short
Arcus NEAR-USD	+0.0880%	1h	4.4690	−0.199%	$227K	$1.6M	10x	as long as short
Lighter NEAR	+0.0960%	1h	4.4519	−0.581%	$17.4M	$24.8M	15x	as long as short
Lighter RH NEAR	+0.0984%	1h	4.4545	−0.523%	$1.5M	$6.7M	10x	as long as short
Phoenix NEAR	+0.1003%	1h	4.5134	+0.793%	$1.9M	$2.5M	10x	as long as short
Pacifica NEAR	+0.1187%	1h	4.4718	−0.137%	$412K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1259%	1h	4.4754	−0.057%	$6K	$12K	10x	as long as short
RISEx NEAR/USDC	+0.1259%	1h	4.4674	−0.235%	$670K	$1.4M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1347%	1h	4.4521	−0.576%	$1.9M	$12.4M	25x	as long as short