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

NEAR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC+0.0049%/8h= +5.3% APRnext payment +$0.49 per $10,000 · paid last 24h −0.030%
Price spread now: Kalshi against Bitget+0.288%7-day average +0.040% · you sell dearer than you buy
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$440.440% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.158%−$16 on $10k
Price spread, last 7 days−0.264%−$26 · spread now +0.288%, 7d avg +0.040%
Together, before fees−0.422%−$42 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Kalshi is 0.248% dearer against Bitget than usual: you sell high and buy low: +$25 more if the spread goes back to its 7-day average of +0.040%. Mind the row above: over the last 7 days funding on this pair cost −0.158%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget NEARUSDT4.37180.0100pay 0.0100% / 8h7h 38m$72.2M$127.9M75x
ShortKalshi KXNEARPERP4.38440.0149get 0.0149% / 8h3h 38m$875K$25.4M2.2x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kalshi against Bitget. 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
$10.2
Price spread: +0.288% → +0.040%
$24.82
Slippage, 4 orders
−$21.96
Fee Bitget: 6 bp × 2 orders
−$12
Fee Kalshi: 5 bp × 2 orders
−$10
Net
−$8.94
Costs to cover
0.440%
Break-even
13.1 days
Slippage from Bitget: live order book, 6 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
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 6 min ago2.16 bp11.5 bp −$1117.2 bp −$17240.6 bp −$4,056doesn't fit
Sell Kalshi live order book, 5 min ago4.78 bp9.8 bp −$1016.2 bp −$162doesn't fitdoesn't fit

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
Kraken Futures PF_NEARUSD−0.0433%1h4.3648−0.161%$7.2M$38.7M50xas long as short
Reya NEARRUSDPERP−0.0171%1h4.3725+0.015%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.3686−0.073%$107K$67K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.3668−0.114%$164K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−5.279%$578$301K12xas long as short
Popdex NEARUSDT+0.0096%1h4.3710−0.018%$119K$504K50xas long as short
Aster NEARUSDT+0.0100%8h4.3701−0.038%$2.7M$4.8M50xas long as short
Bybit NEARUSDT+0.0100%8h4.3719+0.002%$220.4M$428.3M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.3710−0.018%$61.6M$295.8M50xas long as short
Arcus NEAR-USD+0.0100%1h4.3720+0.005%$221K$1.5M10xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate NEAR_USDT+0.0100%8h4.3657−0.140%$36.4M$62.1M75xas long as short
KuCoin NEARUSDTM+0.0100%8h4.3690−0.064%$52.5M$45.6M75xas long as short
Bitget NEARUSDTlong+0.0100%8h4.3718long leg$72.2M$127.9M75x
Variational Omni NEAR+0.0100%8h4.3698−0.046%$9.0M$18.2Mas long as short
edgeX NEARUSDC+0.0100%4h4.3733+0.035%$254K$892K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.3832+0.260%$1.5M$1.6M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.3750+0.073%$165K$826K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.3810+0.210%$273K$4.1M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.3690−0.064%$58K$235K20xas long as short
SunX NEAR-USDT+0.0100%8h4.3760+0.096%$2K$1.3M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.3655−0.144%$5K$50K10xas long as short
Phemex NEARUSDT+0.0100%8h4.3630−0.201%$3.5M$8.1M50xas long as short
Bulk NEAR-USD+0.0100%1h4.3708−0.022%$252K$3K10xas long as short
Paradex NEAR-USD-PERP+0.0100%8h4.3685−0.076%$32K$58510xas long as short
Extended NEAR-USD+0.0104%1h4.3675−0.099%$3.6M$15.8M25xas long as short
Binance NEARUSDT+0.0108%8h4.3720+0.004%$263.9M$1.09B75xas long as short
MEXC NEAR_USDT+0.0112%8h4.3680−0.087%$90.7M$157.1M200xas long as short
Aevo NEAR-PERP+0.0112%1h4.3685−0.075%$203K$40K3xas long as short
BingX NEAR-USDC+0.0122%8h4.3690−0.064%$6.6Mas long as short
Kalshi KXNEARPERPshort+0.0149%8h4.3844+0.288%$875K$25.4M2.2x
Hyperliquid NEAR+0.0202%1h4.3716−0.005%$353.2M$316.2M10xas long as short
BloFin NEAR-USDT+0.0232%8h4.3660−0.133%$12.5M$32.3M75xas long as short
Nado NEAR-PERP+0.0272%1h4.3700−0.041%$1.7M$3.2M10xas long as short
01 Exchange NEARUSD+0.0320%1h4.3740+0.050%$13K$7K10xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0351% / S −0.0254%1h4.3673−0.103%$257K100xas long as short
HTX NEAR-USDT+0.0354%8h4.3800+0.188%$463K$3.7M75xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0437%1h4.3713−0.011%$1.9M$13.1M25xas long as short
Lighter RH NEAR+0.0456%1h4.3732+0.032%$1.5M$6.4M10xas long as short
Coinbase International NEAR-PERP-INTX+0.0488%1h4.3786+0.156%$2.3M$17.2M50xas long as short
Lighter NEAR+0.0488%1h4.3744+0.059%$17.3M$23.9M15xas long as short
Backpack NEAR_USDC_PERP+0.0535%1h4.3652−0.151%$1.1M$7.2M20xas long as short
RISEx NEAR/USDC+0.0656%1h4.3721+0.008%$595K$1.5M10xas long as short
Pacifica NEAR+0.0701%1h4.3681−0.084%$412K$1.4M10xas long as short
Phoenix NEAR+0.0740%1h4.3911+0.441%$1.8M$2.4M10xas long as short
Aftermath Perps NEARUSD+0.1061%1h4.3856+0.317%$5K$7K10xas long as short