Settings8H · net · $10k
Funding arb · Price arb /

NEAR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0204%/8h= −22.4% APRnext payment $0.26 per $10,000 · paid last 24h −0.058%
Price spread now: Reya against Injective+3.867%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropReya: Active · farm boardneeds both histories
The price spread pays, funding is against you. Reya is 3.867% dearer against Injective than usual: you sell high and buy low (spread +3.867% now, against zero (this spread has no 7-day history yet)): +$387 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 2 months.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective NEAR/USDC PERP4.14100.0033pay 0.0004% / 1h24m 47s$578$301K12x
ShortReya NEARRUSDPERP4.3011−0.0171pay 0.0021% / 1h24m 47s$2K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Reya against Injective. 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

Funding earned
−$42.88
Price spread: +3.867% → 0.000%
$386.68
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Reya: 3 bp × 2 orders
−$6
Net
$337.78
Costs to cover
0.060%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; 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
LegHalf-spread$10k$100k$1M$5M
Buy Injective no order-book sample
Sell Reya no order-book sample
Injective and 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya NEARRUSDPERPshort−0.0171%1h4.3011+3.867%$2K20x
dYdX NEAR-USD0.0000%1h4.2982+3.797%$106K$68K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.2998+3.836%$161K150xas long as short
Injective NEAR/USDC PERPlong+0.0033%1h4.1410long leg$578$301K12x
Popdex NEARUSDT+0.0096%1h4.3010+3.864%$113K$501K50xas long as short
Binance NEARUSDT+0.0100%8h4.3062+3.990%$263.3M$1.08B75xas long as short
Bybit NEARUSDT+0.0100%8h4.3020+3.888%$214.5M$420.1M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.3050+3.960%$60.3M$285.4M50xas long as short
Bulk NEAR-USD+0.0100%1h4.2997+3.834%$245K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.2927+3.663%$32.4M$60.1M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC NEAR_USDT+0.0100%8h4.3080+4.033%$77.1M$144.5M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.3010+3.864%$51.7M$45.8M75xas long as short
Bitget NEARUSDT+0.0100%8h4.3046+3.951%$71.2M$127.1M75xas long as short
BingX NEAR-USDC+0.0100%8h4.3040+3.936%$6.7Mas long as short
Variational Omni NEAR+0.0100%8h4.2778+3.303%$8.1M$18.0Mas long as short
edgeX NEARUSDC+0.0100%4h4.2867+3.519%$258K$954K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.2900+3.598%$1.4M$1.5M10xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.3027+3.905%$262K$3.9M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.3054+3.970%$56K$243K20xas long as short
SunX NEAR-USDT+0.0100%8h4.3120+4.129%$1K$1.3M20xas long as short
HTX NEAR-USDT+0.0100%8h4.3100+4.081%$464K$4.0M75xas long as short
Phemex NEARUSDT+0.0100%8h4.3000+3.840%$3.6M$8.3M50xas long as short
Paradex NEAR-USD-PERP+0.0101%8h4.3040+3.935%$31K$60810xas long as short
Aevo NEAR-PERP+0.0104%1h4.3055+3.972%$200K$37K3xas long as short
BloFin NEAR-USDT+0.0220%8h4.3070+4.009%$13.3M$31.7M75xas long as short
ApeX Omni NEARUSDT+0.0226%1h4.2860+3.502%$165K$794K50xas long as short
Coinbase International NEAR-PERP-INTX+0.0256%1h4.3036+3.927%$2.3M$15.9M50xas long as short
Kalshi KXNEARPERP+0.0275%8h4.2930+3.671%$879K$24.5M2.2xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0311% / S −0.0198%1h4.2993+3.822%$232K100xas long as short
Aster NEARUSDT+0.0333%8h4.3010+3.864%$2.8M$5.3M50xas long as short
Nado NEAR-PERP+0.0393%1h4.3012+3.870%$1.7M$3.2M10xas long as short
Extended NEAR-USD+0.0536%1h4.2923+3.655%$3.6M$19.6M25xas long as short
SoDEX NEAR-USD+0.0590%1h4.3015+3.876%$6K$52K10xas long as short
Backpack NEAR_USDC_PERP+0.0664%1h4.3005+3.852%$1.3M$6.6M20xas long as short
Hyperliquid NEAR+0.0681%1h4.3032+3.917%$351.7M$308.6M10xas long as short
Kraken Futures PF_NEARUSD+0.0735%1h4.3021+3.890%$7.4M$38.8M50xas long as short
01 Exchange NEARUSD+0.0752%1h4.3055+3.972%$13K$7K10xas long as short
Arcus NEAR-USD+0.0814%1h4.3090+4.057%$216K$1.6M10xas long as short
Pacifica NEAR+0.0847%1h4.3023+3.895%$394K$1.3M10xas long as short
Lighter NEAR+0.0944%1h4.3056+3.975%$16.8M$25.1M15xas long as short
Phoenix NEAR+0.1033%1h4.2991+3.818%$1.8M$2.5M10xas long as short
Lighter RH NEAR+0.1136%1h4.3047+3.953%$1.4M$7.4M10xas long as short
RISEx NEAR/USDC+0.1220%1h4.3035+3.925%$687K$1.3M10xas long as short
Aftermath Perps NEARUSD+0.1377%1h4.2922+3.651%$5K$12K10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.1472%1h4.3054+3.970%$1.9M$11.0M25xas long as short