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

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0359%/8h= −39.3% APRnext payment $0.45 per $10,000 · paid last 24h −0.081%
Price spread now: Reya against SoDEX−0.025%50s7-day average · you buy dearer than you sell
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
Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Reya is 0.025% cheaper against SoDEX than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX NEAR-USD4.38200.0188pay 0.0024% / 1h7m 32s$8K$52K10x
ShortReya NEARRUSDPERP4.3809−0.0171pay 0.0021% / 1h7m 32s$2K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Reya against SoDEX. 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
−$75.45
Price spread: −0.025% → 0.000%
−$2.54
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Reya: 3 bp × 2 orders
−$6
Net
−$91.98
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: SoDEX: 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 SoDEX no order-book sample
Sell Reya no order-book sample
SoDEX 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%1h4.3809−0.025%$2K20x
Coinbase International NEAR-PERP-INTX−0.0008%1h4.3801−0.043%$2.2M$15.6M50xas long as short
Kalshi KXNEARPERP0.0000%8h4.3973+0.349%$617K$22.3M2.2xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.3838+0.041%$164K150xas long as short
dYdX NEAR-USD+0.0008%1h4.3837+0.039%$108K$69K10xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−5.500%$578$302K12xas long as short
Popdex NEARUSDT+0.0096%1h4.3810−0.023%$112K$514K50xas long as short
Pacifica NEAR+0.0100%1h4.3878+0.132%$417K$1.2M10xas long as short
Binance NEARUSDT+0.0100%8h4.3848+0.064%$270.2M$1.10B75xas long as short
Bybit NEARUSDT+0.0100%8h4.3824+0.009%$220.6M$423.7M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX NEAR-USDT-SWAP+0.0100%8h4.3830+0.023%$62.7M$295.8M50xas long as short
Bulk NEAR-USD+0.0100%1h4.4054+0.535%$251K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.3856+0.082%$31.9M$64.4M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.3900+0.183%$75.3M$150.6M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.3920+0.228%$54.7M$46.2M75xas long as short
Bitget NEARUSDT+0.0100%8h4.3823+0.007%$72.0M$130.1M75xas long as short
BingX NEAR-USDT+0.0100%8h4.3860+0.091%$146.8Mas long as short
Variational Omni NEAR+0.0100%8h4.4067+0.563%$8.5M$18.1Mas long as short
edgeX NEARUSDC+0.0100%4h4.4083+0.599%$264K$962K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.4010+0.435%$1.5M$1.5M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.4090+0.616%$170K$801K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.3850+0.068%$243K$3.9M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.3853+0.075%$56K$227K20xas long as short
SunX NEAR-USDT+0.0100%8h4.4050+0.525%$2K$1.4M20xas long as short
HTX NEAR-USDT+0.0100%8h4.3980+0.365%$455K$4.0M75xas long as short
Phemex NEARUSDT+0.0100%8h4.3840+0.046%$3.8M$8.4M50xas long as short
Paradex NEAR-USD-PERP+0.0101%8h4.3848+0.064%$32K$60810xas long as short
Aevo NEAR-PERP+0.0104%1h4.3855+0.080%$204K$40K3xas long as short
SoDEX NEAR-USDlong+0.0188%1h4.3820long leg$8K$52K10x
BloFin NEAR-USDT+0.0220%8h4.3910+0.205%$13.7M$32.5M75xas long as short
Aster NEARUSDT+0.0304%8h4.3849+0.065%$2.9M$5.5M50xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0320% / S −0.0190%1h4.3828+0.018%$233K100xas long as short
Backpack NEAR_USDC_PERP+0.0338%1h4.3822+0.005%$1.3M$6.4M20xas long as short
01 Exchange NEARUSD+0.0352%1h4.3834+0.032%$13K$7K10xas long as short
Hyperliquid NEAR+0.0389%1h4.3897+0.176%$361.9M$319.8M10xas long as short
Extended NEAR-USD+0.0480%1h4.3830+0.023%$3.9M$19.6M25xas long as short
Nado NEAR-PERP+0.0573%1h4.3794−0.059%$1.9M$3.1M10xas long as short
Arcus NEAR-USD+0.0581%1h4.3910+0.205%$217K$1.7M10xas long as short
Kraken Futures PF_NEARUSD+0.0593%1h4.3812−0.018%$7.9M$39.7M50xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0594%1h4.3860+0.091%$2.0M$7.3M25xas long as short
Lighter RH NEAR+0.0688%1h4.3916+0.219%$1.5M$7.2M10xas long as short
Phoenix NEAR+0.0794%1h4.4000+0.411%$1.8M$2.8M10xas long as short
RISEx NEAR/USDC+0.0926%1h4.3872+0.119%$589K$1.4M10xas long as short
Lighter NEAR+0.1032%1h4.3931+0.253%$17.7M$26.5M15xas long as short
Aftermath Perps NEARUSD+0.1604%1h4.4008+0.430%$5K$12K10xas long as short