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: KuCoin against Reya+0.096%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 KuCoin

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 +$8 a day on $10k at the current rate, and KuCoin is 0.096% dearer against Reya than usual: you sell high and buy low: +$10 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	4.4098	−0.0171	get 0.0021% / 1h	34m 55s	$2K	—	20x
Short	KuCoin NEARUSDTM	4.4140	0.0100	get 0.0100% / 8h	4h 34m	$54.9M	$46.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.096%Rate

Funding earned: $56.88
Price spread: +0.096% → 0.000%: $9.56
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $48.44
Costs to cover: 0.180%
Break-even: 1.0 days

Slippage unknown: Reya: no order-book sample; KuCoin: live order book, 4 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 KuCoin live order book, 4 min ago	1.13 bp	20.3 bp −$20	41.1 bp −$411	105.7 bp −$10.6K	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	4.4098	long leg	$2K	—	20x
Coinbase International NEAR-PERP-INTX	−0.0008%	1h	4.4138	+0.091%	$2.2M	$15.3M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4052	−0.104%	$109K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4034	−0.145%	$599K	$22.0M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4119	+0.049%	$165K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.095%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4120	+0.050%	$117K	$514K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4064	−0.077%	$421K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4130	+0.073%	$269.9M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4084	−0.031%	$221.7M	$424.3M	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	4.4100	+0.005%	$62.6M	$299.6M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4550	+1.025%	$254K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4117	+0.043%	$32.0M	$63.4M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4100	+0.005%	$74.8M	$148.6M	200x	as long as short
KuCoin NEARUSDTMshort	+0.0100%	8h	4.4140	+0.096%	$54.9M	$46.0M	75x
Bitget NEARUSDT	+0.0100%	8h	4.4077	−0.047%	$72.4M	$130.2M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.4120	+0.050%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3977	−0.273%	$8.5M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4041	−0.129%	$264K	$978K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4010	−0.199%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4010	−0.199%	$169K	$791K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4122	+0.055%	$235K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4141	+0.098%	$56K	$217K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4250	+0.345%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4125	+0.062%	$8K	$53K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4120	+0.050%	$457K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4170	+0.164%	$3.8M	$8.4M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4027	−0.161%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4145	+0.107%	$205K	$40K	3x	as long as short
Hyperliquid NEAR	+0.0165%	1h	4.4160	+0.141%	$364.1M	$324.9M	10x	as long as short
Extended NEAR-USD	+0.0216%	1h	4.4044	−0.122%	$4.0M	$19.6M	25x	as long as short
Backpack NEAR_USDC_PERP	+0.0217%	1h	4.4168	+0.159%	$1.3M	$6.6M	20x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4180	+0.186%	$13.9M	$32.9M	75x	as long as short
01 Exchange NEARUSD	+0.0240%	1h	4.4156	+0.132%	$13K	$7K	10x	as long as short
Aster NEARUSDT	+0.0287%	8h	4.4120	+0.050%	$3.0M	$5.6M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0330% / S −0.0206%	1h	4.4125	+0.062%	$240K	—	100x	as long as short
Lighter RH NEAR	+0.0456%	1h	4.4177	+0.180%	$1.5M	$7.2M	10x	as long as short
Nado NEAR-PERP	+0.0552%	1h	4.4078	−0.044%	$1.9M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0581%	1h	4.4180	+0.186%	$222K	$1.8M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0588%	1h	4.4141	+0.097%	$8.1M	$39.9M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0792%	1h	4.4176	+0.177%	$1.9M	$6.8M	25x	as long as short
Phoenix NEAR	+0.0794%	1h	4.4338	+0.545%	$1.8M	$2.8M	10x	as long as short
Lighter NEAR	+0.0888%	1h	4.4212	+0.258%	$17.8M	$26.3M	15x	as long as short
RISEx NEAR/USDC	+0.0926%	1h	4.4171	+0.165%	$562K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1540%	1h	4.4262	+0.373%	$5K	$12K	10x	as long as short