NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%

Price spread now: Kalshi against BingX−0.060%7-day average +0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$360.358% of the position

Long on BingX Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.120%−$12 on $10k

Price spread, last 7 days+0.176%+$18 · spread now −0.060%, 7d avg +0.023%

Together, before fees+0.056%+$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Kalshi is 0.084% cheaper against BingX than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.023%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX NEAR-USDT	4.3110	0.0100	pay 0.0100% / 8h	7h 53m	—	$141.0M	—
Short	Kalshi KXNEARPERP	4.3084	0	get 0.0000% / 8h	3h 53m	$377K	$18.5M	2.2x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against BingX. 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 BingXbpFee KalshibpOrdersPrice spread, now −0.060%Rate

Funding earned: −$21
Price spread: −0.060% → +0.023%: −$8.35
Slippage, 4 orders: −$15.76
Fee BingX: 5 bp × 2 orders: −$10
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$65.11
Costs to cover: 0.358%
Break-even: never at this rate

Slippage from BingX: live order book, 5 min ago; Kalshi: live order book, 5 min ago.

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 BingX live order book, 5 min ago	1.17 bp	6.2 bp −$6	6.9 bp −$69	15.3 bp −$1,533	41.4 bp −$20.7K
Sell Kalshi live order book, 5 min ago	6.08 bp	11.1 bp −$11	19.9 bp −$199	doesn't fit	doesn't fit

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
Phemex NEARUSDT	−0.1723%	8h	4.3100	−0.023%	$3.9M	$8.5M	50x	as long as short
Bybit NEARUSDT	−0.0197%	8h	4.3080	−0.070%	$219.3M	$419.1M	75x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.2966	−0.333%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0130%	1h	4.3121	+0.025%	$7.6M	$37.2M	50x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.3091	−0.044%	$2.3M	$13.1M	50x	as long as short
01 Exchange NEARUSD	−0.0016%	1h	4.2991	−0.276%	$13K	$7K	10x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2984	−0.293%	$111K	$62K	10x	as long as short
Kalshi KXNEARPERPshort	0.0000%	8h	4.3084	−0.060%	$377K	$18.5M	2.2x
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3023	−0.203%	$204K	—	150x	as long as short
Variational Omni NEAR	+0.0019%	8h	4.2869	−0.559%	$7.9M	$18.5M	—	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.943%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2980	−0.302%	$111K	$479K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.3090	−0.046%	$57K	$194K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2971	−0.323%	$31K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.3130	+0.046%	$3.0M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.2983	−0.295%	$402K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3116	+0.014%	$255.7M	$1.07B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3090	−0.046%	$61.1M	$282.6M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2990	−0.278%	$197K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2646	−1.076%	$243K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3104	−0.014%	$31.1M	$58.5M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3120	+0.023%	$79.7M	$138.4M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3110	0.000%	$56.3M	$43.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3086	−0.056%	$71.5M	$125.3M	75x	as long as short
BingX NEAR-USDTlong	+0.0100%	8h	4.3110	long leg	—	$141.0M	—
edgeX NEARUSDC	+0.0100%	4h	4.2790	−0.743%	$244K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2819	−0.676%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2780	−0.765%	$179K	$794K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2989	−0.281%	$193K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3150	+0.093%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3090	−0.046%	$4K	$53K	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3067	−0.099%	$3.9M	$16.4M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3089	−0.048%	$201K	$28K	3x	as long as short
HTX NEAR-USDT	+0.0154%	8h	4.3170	+0.139%	$459K	$3.6M	75x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2820	−0.673%	$13.0M	$29.3M	75x	as long as short
Lighter RH NEAR	+0.0328%	1h	4.3149	+0.090%	$1.6M	$6.8M	10x	as long as short
Hyperliquid NEAR	+0.0350%	1h	4.3155	+0.104%	$368.1M	$299.8M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0376% / S −0.0313%	1h	4.3018	−0.213%	$275K	—	100x	as long as short
RISEx NEAR/USDC	+0.0428%	1h	4.3007	−0.238%	$418K	$1.2M	10x	as long as short
Phoenix NEAR	+0.0463%	1h	4.2848	−0.608%	$1.8M	$2.7M	10x	as long as short
Nado NEAR-PERP	+0.0463%	1h	4.2941	−0.393%	$1.9M	$3.4M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0473%	1h	4.3164	+0.125%	$1.4M	$5.6M	20x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0678%	1h	4.3139	+0.067%	$1.9M	$2.9M	25x	as long as short
Aftermath Perps NEARUSD	+0.1169%	1h	4.2861	−0.578%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1712%	1h	4.3218	+0.251%	$17.3M	$23.7M	15x	as long as short