Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0271%/8h= +29.7% APRpaid last 24h +0.081%

Price spread now: Bitget against Reya−0.195%7-day average — · you buy dearer than you sell

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

Long on Reya Short on Bitget

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

Funding pays, the price is against you. Bitget is 0.195% cheaper against Reya than usual: you would sell low and buy high (spread −0.195% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$20 on $10k: about 2.4 days of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya NEARRUSDPERP	4.4161	−0.0171	get 0.0021% / 1h	38m 21s	$2K	—	20x
Short	Bitget NEARUSDT	4.4075	0.0100	get 0.0100% / 8h	4h 38m	$72.4M	$130.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.195%Rate

Funding earned: $56.88
Price spread: −0.195% → 0.000%: −$19.55
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Bitget: 6 bp × 2 orders: −$12
Net: $19.33
Costs to cover: 0.180%
Break-even: 4.6 days

Slippage unknown: Reya: no order-book sample; Bitget: live order book, 6 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 Bitget live order book, 6 min ago	1.90 bp	8.8 bp −$9	12.8 bp −$128	28.7 bp −$2,869	doesn't fit

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	4.4161	long leg	$2K	—	20x
Coinbase International NEAR-PERP-INTX	−0.0008%	1h	4.4077	−0.191%	$2.2M	$15.2M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4146	−0.034%	$109K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4180	+0.042%	$599K	$22.0M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4149	−0.027%	$165K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.230%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4220	+0.133%	$117K	$515K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4136	−0.056%	$422K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4170	+0.020%	$270.1M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4100	−0.139%	$221.6M	$424.2M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4090	−0.162%	$62.9M	$299.2M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4550	+0.880%	$254K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4182	+0.047%	$32.0M	$63.3M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4170	+0.020%	$74.3M	$148.2M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4230	+0.156%	$55.0M	$46.0M	75x	as long as short
Bitget NEARUSDTshort	+0.0100%	8h	4.4075	−0.195%	$72.4M	$130.2M	75x
BingX NEAR-USDC	+0.0100%	8h	4.4120	−0.094%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4567	+0.918%	$8.7M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4571	+0.927%	$267K	$976K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4605	+1.005%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4600	+0.993%	$171K	$792K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4221	+0.135%	$238K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4122	−0.089%	$56K	$217K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4290	+0.291%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4094	−0.152%	$8K	$53K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4200	+0.088%	$460K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4220	+0.133%	$3.9M	$8.5M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4196	+0.079%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4143	−0.042%	$205K	$40K	3x	as long as short
Hyperliquid NEAR	+0.0170%	1h	4.4224	+0.142%	$365.0M	$324.4M	10x	as long as short
Extended NEAR-USD	+0.0200%	1h	4.4059	−0.232%	$4.0M	$19.6M	25x	as long as short
Backpack NEAR_USDC_PERP	+0.0206%	1h	4.4133	−0.064%	$1.3M	$6.6M	20x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4190	+0.065%	$13.9M	$32.9M	75x	as long as short
01 Exchange NEARUSD	+0.0240%	1h	4.4246	+0.192%	$13K	$7K	10x	as long as short
Aster NEARUSDT	+0.0290%	8h	4.4190	+0.065%	$3.0M	$5.5M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0330% / S −0.0206%	1h	4.4132	−0.067%	$240K	—	100x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0339%	1h	4.4133	−0.064%	$1.9M	$6.8M	25x	as long as short
Lighter RH NEAR	+0.0464%	1h	4.4187	+0.058%	$1.5M	$7.2M	10x	as long as short
Nado NEAR-PERP	+0.0553%	1h	4.4185	+0.054%	$1.9M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0581%	1h	4.4600	+0.993%	$220K	$1.8M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0589%	1h	4.4103	−0.132%	$8.2M	$39.9M	50x	as long as short
Phoenix NEAR	+0.0794%	1h	4.4453	+0.660%	$1.8M	$2.8M	10x	as long as short
Lighter NEAR	+0.0848%	1h	4.4224	+0.143%	$17.8M	$26.3M	15x	as long as short
RISEx NEAR/USDC	+0.0926%	1h	4.4262	+0.229%	$562K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1549%	1h	4.4442	+0.636%	$6K	$12K	10x	as long as short