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

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0077%/8h= +8.4% APRpaid last 24h −0.030%
Price spread now: Kalshi against edgeX+0.051%7-day average +0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$490.487% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.210%−$21 on $10k
Price spread, last 7 days−0.016%−$2 · spread now +0.051%, 7d avg +0.008%
Together, before fees−0.226%+ Points / potential airdropedgeX: Active · farm board−$23 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Kalshi is 0.043% dearer against edgeX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.008%. Mind the row above: over the last 7 days funding on this pair cost −0.210%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX NEARUSDC4.36470.0100pay 0.0050% / 4h13m 26s$253K$902K20x
ShortKalshi KXNEARPERP4.36690.0177get 0.0177% / 8h4h 13m$981K$25.1M2.2x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kalshi against edgeX. 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
$16.11
Price spread: +0.051% → +0.008%
$4.3
Slippage, 4 orders
−$29.68
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Kalshi: 5 bp × 2 orders
−$10
Net
−$28.26
Costs to cover
0.487%
Break-even
19.3 days
Slippage from edgeX: live order book, 15 min ago; Kalshi: live order book, 6 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 edgeX live order book, 15 min ago8.05 bp13.7 bp −$1456.3 bp −$563doesn't fitdoesn't fit
Sell Kalshi live order book, 6 min ago5.72 bp10.7 bp −$1119.9 bp −$199doesn'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
Reya NEARRUSDPERP−0.0171%1h4.3507−0.320%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.3639−0.018%$107K$68K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.3491−0.356%$163K150xas long as short
Kraken Futures PF_NEARUSD+0.0017%1h4.3631−0.035%$7.1M$38.4M50xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−5.124%$578$301K12xas long as short
Popdex NEARUSDT+0.0096%1h4.3620−0.061%$113K$498K50xas long as short
Bybit NEARUSDT+0.0100%8h4.3460−0.428%$219.5M$428.7M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.3430−0.496%$61.0M$294.4M50xas long as short
Bulk NEAR-USD+0.0100%1h4.3601−0.106%$248K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.3477−0.389%$35.6M$62.8M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin NEARUSDTM+0.0100%8h4.3500−0.336%$52.7M$46.0M75xas long as short
Bitget NEARUSDT+0.0100%8h4.3516−0.299%$71.9M$127.9M75xas long as short
Variational Omni NEAR+0.0100%8h4.3658+0.027%$8.9M$18.6Mas long as short
edgeX NEARUSDClong+0.0100%4h4.3647long leg$253K$902K20x
GRVT NEAR_USDT_Perp+0.0100%8h4.3636−0.025%$1.4M$1.6M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.3640−0.015%$166K$816K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.3606−0.093%$277K$4.1M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.3479−0.384%$58K$235K20xas long as short
SunX NEAR-USDT+0.0100%8h4.3740+0.214%$1K$1.3M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.3670+0.054%$5K$50K10xas long as short
Phemex NEARUSDT+0.0100%8h4.3660+0.031%$3.6M$8.2M50xas long as short
Paradex NEAR-USD-PERP+0.0101%8h4.3666+0.044%$32K$58510xas long as short
Extended NEAR-USD+0.0104%1h4.3623−0.054%$3.6M$16.7M25xas long as short
Aevo NEAR-PERP+0.0120%1h4.3680+0.076%$203K$38K3xas long as short
Aster NEARUSDT+0.0135%8h4.3516−0.299%$2.7M$4.8M50xas long as short
Hyperliquid NEAR+0.0142%1h4.3568−0.180%$351.1M$316.1M10xas long as short
HTX NEAR-USDT+0.0152%8h4.3660+0.031%$465K$3.8M75xas long as short
Binance NEARUSDT+0.0162%8h4.3513−0.306%$263.5M$1.09B75xas long as short
MEXC NEAR_USDT+0.0165%8h4.3480−0.382%$87.9M$153.3M200xas long as short
Kalshi KXNEARPERPshort+0.0177%8h4.3669+0.051%$981K$25.1M2.2x
BingX NEAR-USDC+0.0178%8h4.3490−0.359%$6.6Mas long as short
01 Exchange NEARUSD+0.0240%1h4.3612−0.079%$13K$7K10xas long as short
BloFin NEAR-USDT+0.0288%8h4.3620−0.061%$13.3M$32.2M75xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0338% / S −0.0237%1h4.3626−0.047%$253K100xas long as short
Nado NEAR-PERP+0.0383%1h4.3560−0.199%$1.7M$3.2M10xas long as short
Backpack NEAR_USDC_PERP+0.0461%1h4.3694+0.109%$1.0M$7.1M20xas long as short
Coinbase International NEAR-PERP-INTX+0.0488%1h4.3667+0.047%$2.3M$17.0M50xas long as short
Lighter RH NEAR+0.0520%1h4.3715+0.157%$1.5M$6.7M10xas long as short
Lighter NEAR+0.0552%1h4.3719+0.166%$17.2M$25.4M15xas long as short
Arcus NEAR-USD+0.0638%1h4.3650+0.008%$230K$1.5M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0643%1h4.3699+0.120%$1.9M$13.1M25xas long as short
Pacifica NEAR+0.0949%1h4.3662+0.036%$411K$1.4M10xas long as short
Phoenix NEAR+0.0949%1h4.3782+0.310%$1.8M$2.4M10xas long as short
RISEx NEAR/USDC+0.0965%1h4.3611−0.082%$609K$1.4M10xas long as short
Aftermath Perps NEARUSD+0.1132%1h4.3576−0.161%$5K$7K10xas long as short