Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0364%/8h= +39.8% APRpaid last 24h +0.081%

Price spread now: BingX against Reya+0.053%7-day average — · you sell dearer than you buy

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

Long on Reya Short on BingX

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 for this trade now. Funding pays +$11 a day on $10k at the current rate, and BingX is 0.053% dearer against Reya than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya NEARRUSDPERP	4.4187	−0.0171	get 0.0021% / 1h	25m 59s	$2K	—	20x
Short	BingX NEAR-USDT	4.4210	0.0193	get 0.0193% / 8h	1h 25m	—	$144.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Reya. 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 ReyabpFee BingXbpOrdersPrice spread, now +0.053%Rate

Funding earned: $76.41
Price spread: +0.053% → 0.000%: $5.31
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee BingX: 5 bp × 2 orders: −$10
Net: $65.72
Costs to cover: 0.160%
Break-even: 1.0 days

Slippage unknown: Reya: no order-book sample; BingX: live order book, 8 min ago. 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 Reya no order-book sample	—	—	—	—	—
Sell BingX live order book, 8 min ago	1.13 bp	6.1 bp −$6	10.4 bp −$104	21.9 bp −$2,187	46.5 bp −$23.2K

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 NEARRUSDPERPlong	−0.0171%	1h	4.4187	long leg	$2K	—	20x
dYdX NEAR-USD	0.0000%	1h	4.4161	−0.058%	$109K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4186	−0.002%	$165K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.284%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4180	−0.015%	$112K	$491K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4151	−0.080%	$223.8M	$434.6M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4150	−0.083%	$62.6M	$296.8M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4350	+0.370%	$253K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4199	+0.028%	$35.4M	$61.6M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4250	+0.144%	$53.6M	$46.1M	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	4.4218	+0.071%	$72.7M	$127.4M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4217	+0.070%	$8.8M	$18.7M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4018	−0.381%	$257K	$914K	20x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4010	−0.400%	$166K	$805K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4212	+0.058%	$293K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4220	+0.076%	$59K	$236K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4250	+0.144%	$2K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4370	+0.415%	$465K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4240	+0.121%	$3.6M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0105%	8h	4.4133	−0.120%	$32K	$585	10x	as long as short
GRVT NEAR_USDT_Perp	+0.0113%	8h	4.4260	+0.166%	$1.5M	$1.5M	10x	as long as short
Aevo NEAR-PERP	+0.0128%	1h	4.4235	+0.110%	$206K	$38K	3x	as long as short
Extended NEAR-USD	+0.0184%	1h	4.4209	+0.052%	$3.7M	$18.4M	25x	as long as short
SoDEX NEAR-USD	+0.0190%	1h	4.4205	+0.042%	$5K	$52K	10x	as long as short
BingX NEAR-USDTshort	+0.0193%	8h	4.4210	+0.053%	—	$144.2M	—
MEXC NEAR_USDT	+0.0201%	8h	4.4240	+0.121%	$80.4M	$148.8M	200x	as long as short
Binance NEARUSDT	+0.0201%	8h	4.4250	+0.144%	$270.0M	$1.09B	75x	as long as short
Kalshi KXNEARPERP	+0.0254%	8h	4.4212	+0.058%	$1.0M	$25.0M	2.2x	as long as short
Aster NEARUSDT	+0.0304%	8h	4.4231	+0.101%	$2.8M	$5.0M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0314% / S −0.0198%	1h	4.3978	−0.471%	$234K	—	100x	as long as short
BloFin NEAR-USDT	+0.0321%	8h	4.4060	−0.286%	$13.7M	$32.5M	75x	as long as short
Backpack NEAR_USDC_PERP	+0.0412%	1h	4.4276	+0.202%	$1.4M	$6.8M	20x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0424%	1h	4.4267	+0.182%	$2.3M	$16.8M	50x	as long as short
01 Exchange NEARUSD	+0.0440%	1h	4.4213	+0.060%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0465%	1h	4.4285	+0.223%	$361.3M	$315.0M	10x	as long as short
Nado NEAR-PERP	+0.0596%	1h	4.4173	−0.031%	$1.7M	$3.2M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0660%	1h	4.4194	+0.016%	$7.3M	$38.3M	50x	as long as short
Lighter NEAR	+0.0832%	1h	4.4278	+0.207%	$17.4M	$25.2M	15x	as long as short
Arcus NEAR-USD	+0.0880%	1h	4.4200	+0.030%	$224K	$1.6M	10x	as long as short
Lighter RH NEAR	+0.0920%	1h	4.4280	+0.212%	$1.5M	$6.7M	10x	as long as short
Phoenix NEAR	+0.1003%	1h	4.4297	+0.250%	$1.8M	$2.5M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1085%	1h	4.4247	+0.137%	$1.9M	$13.1M	25x	as long as short
Pacifica NEAR	+0.1187%	1h	4.4100	−0.195%	$421K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1253%	1h	4.4200	+0.031%	$5K	$12K	10x	as long as short
RISEx NEAR/USDC	+0.1259%	1h	4.4229	+0.095%	$665K	$1.4M	10x	as long as short