Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0274%/8h= −30.0% APRpaid last 24h −0.081%

Price spread now: Reya against Paradex+0.089%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Reya

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · Reya: Active · farm boardneeds both histories

The price spread pays, funding is against you. Reya is 0.089% dearer against Paradex than usual: you sell high and buy low (spread +0.089% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 26 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex NEAR-USD-PERP	4.4949	0.0103	pay 0.0103% / 8h	6h 08m	$32K	$51	10x
Short	Reya NEARRUSDPERP	4.4989	−0.0171	pay 0.0021% / 1h	8m 47s	$2K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Paradex. 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 ParadexbpFee ReyabpOrdersPrice spread, now +0.089%Rate

Funding earned: −$57.45
Price spread: +0.089% → 0.000%: $8.92
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Reya: 3 bp × 2 orders: −$6
Net: −$58.54
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Paradex: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Paradex no order-book sample	—	—	—	—	—
Sell Reya no order-book sample	—	—	—	—	—

Paradex 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 exchanges

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	4.4989	+0.089%	$2K	—	20x
Kraken Futures PF_NEARUSD	−0.0140%	1h	4.5035	+0.191%	$7.5M	$37.9M	50x	as long as short
dYdX NEAR-USD	+0.0002%	1h	4.4950	+0.002%	$110K	$53K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4986	+0.082%	$169K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.874%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.5040	+0.202%	$124K	$522K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.5132	+0.406%	$2.7M	$4.8M	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.5152	+0.451%	$274.6M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.5140	+0.424%	$233.9M	$434.0M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.5130	+0.402%	$64.5M	$310.8M	50x	as long as short

Show all 45 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus NEAR-USD	+0.0100%	1h	4.5080	+0.291%	$227K	$1.4M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.5102	+0.340%	$269K	$12K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.5129	+0.400%	$40.0M	$63.7M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.5140	+0.424%	$77.3M	$172.8M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.5150	+0.447%	$53.6M	$45.3M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.5132	+0.407%	$74.9M	$130.2M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.5140	+0.424%	—	$77.9M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4825	−0.277%	$8.9M	$17.4M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4863	−0.192%	$265K	$868K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4829	−0.268%	$1.5M	$1.7M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4850	−0.221%	$167K	$827K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.5029	+0.177%	$282K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.5042	+0.206%	$58K	$269K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.5140	+0.424%	$1K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.5048	+0.220%	$5K	$40K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.5090	+0.313%	$468K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.5060	+0.246%	$3.4M	$7.9M	50x	as long as short
Paradex NEAR-USD-PERPlong	+0.0103%	8h	4.4949	long leg	$32K	$51	10x
Kalshi KXNEARPERP	+0.0103%	8h	4.5069	+0.266%	$814K	$26.3M	2.2x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.5115	+0.370%	$3.8M	$15.1M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.5028	+0.175%	$209K	$38K	3x	as long as short
01 Exchange NEARUSD	+0.0168%	1h	4.5033	+0.186%	$13K	$5K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.5070	+0.269%	$13.0M	$32.9M	75x	as long as short
Hyperliquid NEAR	+0.0287%	1h	4.5179	+0.511%	$364.5M	$317.9M	10x	as long as short
Lighter NEAR	+0.0296%	1h	4.5109	+0.355%	$17.6M	$23.9M	15x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0342% / S −0.0235%	1h	4.5050	+0.225%	$259K	—	100x	as long as short
Nado NEAR-PERP	+0.0406%	1h	4.4984	+0.077%	$1.7M	$3.2M	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0520%	1h	4.5072	+0.273%	$2.3M	$17.8M	50x	as long as short
RISEx NEAR/USDC	+0.0569%	1h	4.5027	+0.173%	$641K	$1.6M	10x	as long as short
Lighter RH NEAR	+0.0640%	1h	4.5113	+0.364%	$1.6M	$6.1M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0702%	1h	4.5127	+0.395%	$1.1M	$7.0M	20x	as long as short
Phoenix NEAR	+0.0851%	1h	4.5150	+0.447%	$1.7M	$2.5M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0861%	1h	4.5067	+0.262%	$1.9M	$13.1M	25x	as long as short
Pacifica NEAR	+0.0883%	1h	4.4981	+0.072%	$418K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1183%	1h	4.5030	+0.181%	$6K	$7K	10x	as long as short