Funding arb · Price arb /

NEAR

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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 −0.081%

Price spread now: Reya against Gate−0.048%7-day average — · you buy dearer than you sell

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

Long on Gate 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 0.048% cheaper against Gate than usual: you would sell low and buy high (−$5 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	Gate NEAR_USDT	4.2661	0.0100	pay 0.0100% / 8h	37m 50s	$30.0M	$59.0M	75x
Short	Reya NEARRUSDPERP	4.2641	−0.0171	pay 0.0021% / 1h	37m 50s	$2K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Gate. 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 GatebpFee ReyabpOrdersPrice spread, now −0.048%Rate

Funding earned: −$56.88
Price spread: −0.048% → 0.000%: −$4.77
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Reya: 3 bp × 2 orders: −$6
Net: −$82.65
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 1 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 Gate live order book, 1 min ago	1.87 bp	17.4 bp −$17	25.2 bp −$252	38.1 bp −$3,810	56.2 bp −$28.1K
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	4.2641	−0.048%	$2K	—	20x
Coinbase International NEAR-PERP-INTX	−0.0072%	1h	4.2750	+0.209%	$2.2M	$13.1M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2749	+0.206%	$111K	$59K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2706	+0.105%	$398K	$18.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2673	+0.028%	$203K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−2.932%	$578	$302K	12x	as long as short
Bybit NEARUSDT	+0.0081%	8h	4.2641	−0.047%	$218.5M	$422.0M	75x	as long as short
Variational Omni NEAR	+0.0087%	8h	4.2660	−0.003%	$7.8M	$18.2M	—	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2650	−0.026%	$109K	$496K	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2726	+0.152%	$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 NEARUSDT	+0.0100%	8h	4.2723	+0.145%	$2.9M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.2764	+0.240%	$402K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2670	+0.021%	$253.1M	$1.07B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2660	−0.002%	$60.8M	$284.9M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2700	+0.091%	$202K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2674	+0.031%	$243K	$2K	10x	as long as short
Gate NEAR_USDTlong	+0.0100%	8h	4.2661	long leg	$30.0M	$59.0M	75x
MEXC NEAR_USDT	+0.0100%	8h	4.2670	+0.021%	$78.1M	$141.2M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2700	+0.091%	$55.8M	$43.5M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2661	0.000%	$70.9M	$126.1M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.2660	−0.002%	—	$138.8M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2660	−0.003%	$243K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2670	+0.021%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2710	+0.115%	$178K	$791K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2671	+0.023%	$198K	$3.4M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2674	+0.030%	$57K	$194K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2690	+0.068%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2662	+0.002%	$13K	$50K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2690	+0.068%	$3.9M	$8.4M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2657	−0.009%	$4.0M	$15.9M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2661	−0.001%	$205K	$62K	3x	as long as short
Kraken Futures PF_NEARUSD	+0.0119%	1h	4.2696	+0.081%	$7.6M	$37.2M	50x	as long as short
01 Exchange NEARUSD	+0.0136%	1h	4.2665	+0.009%	$13K	$7K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2730	+0.162%	$13.0M	$30.7M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0374% / S −0.0313%	1h	4.2672	+0.026%	$273K	—	100x	as long as short
Lighter RH NEAR	+0.0376%	1h	4.2726	+0.152%	$1.5M	$7.0M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0383%	1h	4.2705	+0.103%	$1.9M	$2.3M	25x	as long as short
RISEx NEAR/USDC	+0.0404%	1h	4.2678	+0.039%	$416K	$1.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0449%	1h	4.2713	+0.122%	$1.4M	$5.6M	20x	as long as short
Phoenix NEAR	+0.0463%	1h	4.2717	+0.131%	$1.8M	$2.7M	10x	as long as short
Nado NEAR-PERP	+0.0772%	1h	4.2643	−0.042%	$1.9M	$3.4M	10x	as long as short
HTX NEAR-USDT	+0.0850%	8h	4.2810	+0.349%	$458K	$3.7M	75x	as long as short
Hyperliquid NEAR	+0.0946%	1h	4.2734	+0.171%	$367.1M	$298.2M	10x	as long as short
Aftermath Perps NEARUSD	+0.1192%	1h	4.2753	+0.215%	$5K	$11K	10x	as long as short
Lighter NEAR	+0.1760%	1h	4.2786	+0.292%	$16.4M	$23.7M	15x	as long as short