Funding you earn now, next payment 08:00 UTC+0.0078%/8h= +8.5% APRnext payment +$0.78 per $10,000 · paid last 24h −0.021%
Price spread now: Kalshi against Bybit+0.053%7-day average +0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$400.398% of the position
Funding, last 7 days−0.148%−$15 on $10k
+Price spread, last 7 days−0.031%−$3 · spread now +0.053%, 7d avg +0.030%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Kalshi is 0.022% dearer against Bybit than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.030%. Mind the row above: over the last 7 days funding on this pair cost −0.148%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit NEARUSDT | 4.3696 | 0.0100 | pay 0.0100% / 8h | 16m 53s | $220.6M | $428.8M | 75x |
| Short | Kalshi KXNEARPERP | 4.3719 | 0.0178 | get 0.0178% / 8h | 4h 16m | $969K | $25.0M | 2.2x |
Bybit NEARUSDT
Kalshi KXNEARPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $16.37
- Price spread: +0.053% → +0.030%
- $2.22
- Slippage, 4 orders
- −$18.77
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- −$21.18
- Costs to cover
- 0.398%
- Break-even
- 16.1 days
Slippage from Bybit: live order book, 2 min ago; Kalshi: live order book, 2 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 Bybit live order book, 2 min ago | 1.15 bp | 10.1 bp −$10 | 14.5 bp −$145 | 33.0 bp −$3,301 | 140.7 bp −$70.3K |
| Sell Kalshi live order book, 2 min ago | 5.72 bp | 10.7 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya NEARRUSDPERP | −0.0171% | 1h | 4.3658 | −0.087% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3682 | −0.032% | $107K | $68K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.3663 | −0.076% | $163K | — | 150x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0016% | 1h | 4.3683 | −0.030% | $7.2M | $38.4M | 50x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −5.232% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3680 | −0.037% | $113K | $498K | 50x | as long as short |
| Bybit NEARUSDTlong | +0.0100% | 8h | 4.3696 | long leg | $220.6M | $428.8M | 75x | |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3690 | −0.014% | $61.3M | $295.8M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3601 | −0.218% | $248K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3693 | −0.007% | $35.7M | $62.8M | 75x | as long as short |
Reya NEARRUSDPERP
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Kraken Futures PF_NEARUSD
Injective NEAR/USDC PERP
Popdex NEARUSDT
OKX NEAR-USDT-SWAP
Bulk NEAR-USD
Gate NEAR_USDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3710 | +0.032% | $52.9M | $46.0M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3702 | +0.014% | $72.2M | $127.8M | 75x | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.3517 | −0.409% | $8.9M | $18.6M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3595 | −0.232% | $253K | $901K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3600 | −0.220% | $1.4M | $1.6M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3590 | −0.243% | $166K | $816K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3705 | +0.021% | $277K | $4.1M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.3718 | +0.050% | $58K | $235K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3750 | +0.124% | $1K | $1.3M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.3700 | +0.009% | $5K | $50K | 10x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3690 | −0.014% | $3.6M | $8.2M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.3710 | +0.032% | $32K | $585 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.3674 | −0.051% | $3.6M | $16.7M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0120% | 1h | 4.3719 | +0.052% | $203K | $38K | 3x | as long as short |
| Aster NEARUSDT | +0.0147% | 8h | 4.3701 | +0.011% | $2.7M | $4.9M | 50x | as long as short |
| HTX NEAR-USDT | +0.0151% | 8h | 4.3830 | +0.307% | $467K | $3.8M | 75x | as long as short |
| Hyperliquid NEAR | +0.0152% | 1h | 4.3744 | +0.110% | $352.6M | $315.9M | 10x | as long as short |
| Binance NEARUSDT | +0.0169% | 8h | 4.3720 | +0.055% | $264.4M | $1.09B | 75x | as long as short |
| MEXC NEAR_USDT | +0.0171% | 8h | 4.3710 | +0.032% | $89.2M | $152.9M | 200x | as long as short |
| Kalshi KXNEARPERPshort | +0.0178% | 8h | 4.3719 | +0.053% | $969K | $25.0M | 2.2x | |
| BingX NEAR-USDC | +0.0184% | 8h | 4.3700 | +0.009% | — | $6.7M | — | as long as short |
| 01 Exchange NEARUSD | +0.0240% | 1h | 4.3706 | +0.023% | $13K | $7K | 10x | as long as short |
| BloFin NEAR-USDT | +0.0289% | 8h | 4.3690 | −0.014% | $13.3M | $32.2M | 75x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0338% / S −0.0236% | 1h | 4.3667 | −0.067% | $254K | — | 100x | as long as short |
| Nado NEAR-PERP | +0.0381% | 1h | 4.3690 | −0.014% | $1.7M | $3.2M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0462% | 1h | 4.3740 | +0.101% | $1.0M | $7.1M | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0488% | 1h | 4.3742 | +0.105% | $2.3M | $17.0M | 50x | as long as short |
| Lighter RH NEAR | +0.0528% | 1h | 4.3759 | +0.144% | $1.5M | $6.7M | 10x | as long as short |
| Lighter NEAR | +0.0544% | 1h | 4.3755 | +0.134% | $17.2M | $25.3M | 15x | as long as short |
| Arcus NEAR-USD | +0.0638% | 1h | 4.3700 | +0.009% | $230K | $1.5M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0872% | 1h | 4.3735 | +0.089% | $1.9M | $13.1M | 25x | as long as short |
| Pacifica NEAR | +0.0949% | 1h | 4.3711 | +0.034% | $412K | $1.4M | 10x | as long as short |
| Phoenix NEAR | +0.0949% | 1h | 4.3607 | −0.204% | $1.8M | $2.4M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0965% | 1h | 4.3706 | +0.022% | $607K | $1.4M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1124% | 1h | 4.3519 | −0.404% | $5K | $7K | 10x | as long as short |
KuCoin NEARUSDTM
Bitget NEARUSDT
Variational Omni NEAR
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
SoDEX NEAR-USD
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Extended NEAR-USD
Aevo NEAR-PERP
Aster NEARUSDT
HTX NEAR-USDT
Hyperliquid NEAR
Binance NEARUSDT
MEXC NEAR_USDT
BingX NEAR-USDC
01 Exchange NEARUSD
BloFin NEAR-USDT
GMX NEAR/USD [ETH-USDC]
Nado NEAR-PERP
Backpack NEAR_USDC_PERP
Coinbase International NEAR-PERP-INTX
Lighter RH NEAR
Lighter NEAR
Arcus NEAR-USD
Deribit NEAR_USDC-PERPETUAL
Pacifica NEAR
Phoenix NEAR
RISEx NEAR/USDC
Aftermath Perps NEARUSD