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Funding arb · Price arb /

NEAR

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Alert: spread
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Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.5% APRpaid last 24h −0.001%
Price spread now: Kalshi against gTrade (Gains Network)−0.079%7-day average −0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$301as in the Price arb table
costs, in and out, $10k−$2962.962% of the position
Long on gTrade (Gains Network)Short on Kalshi
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.004%$0 on $10k
Price spread, last 3 days (all we have)−0.072%−$7 · spread now −0.079%, 7d avg −0.035%
Together, before fees−0.076%−$8 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Kalshi is 0.045% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.035%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) NEAR/USD4.3910L +0.0004% / S −0.0004%pay 0.0001% / 1h15m 59s$194K—150x
ShortKalshi KXNEARPERP4.38750get 0.0000% / 8h2h 15m$599K$20.0M2.2x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kalshi against gTrade (Gains Network). 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
−$0.89
Price spread: −0.079% → −0.035%
−$4.45
Slippage, 4 orders
−$276.24
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee Kalshi: 5 bp × 2 orders
−$10
Net
−$301.59
Costs to cover
2.962%
Break-even
never at this rate
Slippage from gTrade (Gains Network): virtual book (oracle venue), 53 min ago; Kalshi: live order book, 3 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 gTrade (Gains Network) virtual book (oracle venue), 53 min ago130.01 bp135.0 bp −$135875.9 bp −$8,7599405.5 bp −$940.6Kdoesn't fit
Sell Kalshi live order book, 3 min ago6.76 bp11.8 bp −$1221.3 bp −$213doesn't fitdoesn't fit

NEAR on 44 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%1h4.3815−0.216%$2K—20xas long as short
Coinbase International NEAR-PERP-INTX−0.0064%1h4.3911+0.003%$2.2M$14.4M50xas long as short
dYdX NEAR-USD0.0000%1h4.3856−0.122%$108K$70K10xas long as short
Kalshi KXNEARPERPshort0.0000%8h4.3875−0.079%$599K$20.0M2.2x
gTrade (Gains Network) NEAR/USDlongL +0.0004% / S −0.0004%1h4.3910long leg$194K—150x
Injective NEAR/USDC PERP+0.0033%1h4.1410−5.693%$578$302K12xas long as short
Variational Omni NEAR+0.0088%8h4.3887−0.052%$8.5M$18.5M—as long as short
Popdex NEARUSDT+0.0096%1h4.3830−0.182%$112K$496K50xas long as short
Pacifica NEAR+0.0100%1h4.3885−0.058%$412K$1.2M10xas long as short
Binance NEARUSDT+0.0100%8h4.3899−0.026%$266.5M$1.08B75xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit NEARUSDT+0.0100%8h4.3860−0.114%$222.5M$422.3M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.3840−0.159%$62.4M$290.7M50xas long as short
Arcus NEAR-USD+0.0100%1h4.3890−0.045%$209K$1.7M10xas long as short
Bulk NEAR-USD+0.0100%1h4.3850−0.136%$250K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.3886−0.054%$31.7M$62.6M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.3900−0.023%$75.3M$143.1M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.3900−0.023%$53.9M$43.7M75xas long as short
Bitget NEARUSDT+0.0100%8h4.3872−0.086%$72.2M$126.1M75xas long as short
BingX NEAR-USDT+0.0100%8h4.3890−0.045%—$143.4M—as long as short
edgeX NEARUSDC+0.0100%4h4.4564+1.489%$281K$1.0M20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.4520+1.389%$1.5M$1.3M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.4540+1.435%$183K$765K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.3871−0.089%$208K$3.6M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.3929+0.043%$60K$190K20xas long as short
SunX NEAR-USDT+0.0100%8h4.3950+0.091%$2K$1.4M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.3880−0.068%$5K$51K10xas long as short
HTX NEAR-USDT+0.0100%8h4.3990+0.182%$454K$3.9M75xas long as short
Phemex NEARUSDT+0.0100%8h4.3870−0.091%$3.9M$8.2M50xas long as short
Paradex NEAR-USD-PERP+0.0102%8h4.3832−0.177%$32K$60810xas long as short
Extended NEAR-USD+0.0104%1h4.3865−0.103%$3.8M$18.5M25xas long as short
Aevo NEAR-PERP+0.0104%1h4.3923+0.030%$205K$34K3xas long as short
Aster NEARUSDT+0.0176%8h4.3869−0.093%$3.0M$5.8M50xas long as short
Kraken Futures PF_NEARUSD+0.0216%1h4.3887−0.053%$8.0M$40.9M50xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0348% / S −0.0242%1h4.3881−0.065%$256K—100xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0387%1h4.3957+0.107%$1.9M$4.2M25xas long as short
Nado NEAR-PERP+0.0408%1h4.3838−0.163%$1.9M$3.1M10xas long as short
01 Exchange NEARUSD+0.0424%1h4.3831−0.180%$13K$7K10xas long as short
RISEx NEAR/USDC+0.0509%1h4.3847−0.142%$554K$1.3M10xas long as short
Phoenix NEAR+0.0592%1h4.4150+0.547%$1.8M$2.6M10xas long as short
Lighter RH NEAR+0.0792%1h4.3924+0.032%$1.6M$7.0M10xas long as short
Hyperliquid NEAR+0.0907%1h4.3961+0.116%$370.3M$309.2M10xas long as short
Backpack NEAR_USDC_PERP+0.0920%1h4.3934+0.055%$1.4M$6.3M20xas long as short
Aftermath Perps NEARUSD+0.1618%1h4.4191+0.640%$6K$12K10xas long as short
Lighter NEAR+0.1752%1h4.3984+0.168%$17.6M$25.7M15xas long as short