Funding you earn now, next payment 01:00 UTC−0.0033%/8h= −3.6% APRpaid last 24h −0.076%
Price spread now: Kalshi against Injective+3.448%7-day average −1.051% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.217%−$22 on $10k
+Price spread, last 3 days (all we have)−5.548%−$555 · spread now +3.448%, 7d avg −1.051%
=The price spread pays, funding is against you. Kalshi is 4.500% dearer against Injective than usual: you sell high and buy low (spread +3.448% now, against its 7-day average of −1.051%): +$450 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 15 months. At the pace of the last 7 days (−0.217% in total) that is about 5 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective NEAR/USDC PERP | 4.1410 | 0.0033 | pay 0.0004% / 1h | 29m 02s | $578 | $302K | 12x |
| Short | Kalshi KXNEARPERP | 4.2838 | 0 | get 0.0000% / 8h | 3h 29m | $416K | $18.5M | 2.2x |
Injective NEAR/USDC PERP
Kalshi KXNEARPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi against Injective. 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
- −$7
- Price spread: +3.448% → −1.051%
- $449.95
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- $432.93
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Kalshi: live order book, 5 min ago. Net counts fees only.
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 Injective no order-book sample | — | — | — | — | — |
| Sell Kalshi live order book, 5 min ago | 6.14 bp | 11.1 bp −$11 | 18.7 bp −$187 | doesn't fit | doesn't fit |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 4.2780 | +3.308% | $2K | — | 20x | as long as short |
| Kraken Futures PF_NEARUSD | −0.0132% | 1h | 4.2728 | +3.182% | $7.2M | $37.4M | 50x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0096% | 1h | 4.2777 | +3.301% | $2.2M | $12.9M | 50x | as long as short |
| Bybit NEARUSDT | −0.0051% | 8h | 4.2800 | +3.357% | $216.2M | $416.1M | 75x | as long as short |
| 01 Exchange NEARUSD | −0.0024% | 1h | 4.2901 | +3.601% | $13K | $7K | 10x | as long as short |
| Variational Omni NEAR | −0.0005% | 8h | 4.2608 | +2.894% | $8.0M | $18.7M | — | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.2858 | +3.497% | $111K | $64K | 10x | as long as short |
| Kalshi KXNEARPERPshort | 0.0000% | 8h | 4.2838 | +3.448% | $416K | $18.5M | 2.2x | |
| Gate NEAR_USDT | +0.0003% | 8h | 4.2777 | +3.301% | $30.7M | $59.5M | 75x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.2751 | +3.239% | $203K | — | 150x | as long as short |
Reya NEARRUSDPERP
Kraken Futures PF_NEARUSD
Coinbase International NEAR-PERP-INTX
Bybit NEARUSDT
01 Exchange NEARUSD
Variational Omni NEAR
dYdX NEAR-USD
Gate NEAR_USDT
gTrade (Gains Network) NEAR/USDShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective NEAR/USDC PERPlong | +0.0033% | 1h | 4.1410 | long leg | $578 | $302K | 12x | |
| Deribit NEAR_USDC-PERPETUAL | +0.0054% | 1h | 4.2712 | +3.144% | $1.9M | $3.4M | 25x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.2890 | +3.574% | $114K | $482K | 50x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0098% | 8h | 4.2700 | +3.115% | $57K | $193K | 20x | as long as short |
| Paradex NEAR-USD-PERP | +0.0099% | 8h | 4.2862 | +3.506% | $31K | $647 | 10x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.2760 | +3.260% | $2.9M | $5.7M | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.2849 | +3.474% | $396K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.2813 | +3.388% | $253.4M | $1.06B | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.2770 | +3.284% | $60.1M | $278.3M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.2900 | +3.598% | $197K | $1.7M | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.2709 | +3.138% | $243K | −$0 | 10x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.2790 | +3.333% | $77.1M | $140.2M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.2730 | +3.188% | $56.1M | $42.9M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.2781 | +3.311% | $70.9M | $124.6M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.2790 | +3.333% | — | $141.8M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.2606 | +2.888% | $254K | $1.2M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.2603 | +2.881% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.2320 | +2.198% | $177K | $788K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.2835 | +3.441% | $206K | $3.5M | 10x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.2860 | +3.502% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.2700 | +3.115% | $5K | $52K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.2990 | +3.816% | $461K | $3.6M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.2720 | +3.163% | $3.8M | $8.6M | 50x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.2656 | +3.009% | $3.8M | $16.9M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.2685 | +3.079% | $199K | $28K | 3x | as long as short |
| Hyperliquid NEAR | +0.0159% | 1h | 4.2839 | +3.451% | $359.2M | $304.9M | 10x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.2730 | +3.188% | $13.0M | $28.1M | 75x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0372% / S −0.0306% | 1h | 4.2745 | +3.225% | $272K | — | 100x | as long as short |
| Lighter RH NEAR | +0.0376% | 1h | 4.2770 | +3.284% | $1.6M | $6.9M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0409% | 1h | 4.2813 | +3.388% | $1.3M | $5.8M | 20x | as long as short |
| RISEx NEAR/USDC | +0.0428% | 1h | 4.2921 | +3.649% | $407K | $1.2M | 10x | as long as short |
| Nado NEAR-PERP | +0.0459% | 1h | 4.2812 | +3.385% | $1.9M | $3.2M | 10x | as long as short |
| Phoenix NEAR | +0.0499% | 1h | 4.2669 | +3.040% | $1.8M | $2.7M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1313% | 1h | 4.2608 | +2.894% | $5K | $12K | 10x | as long as short |
| Lighter NEAR | +0.1904% | 1h | 4.2835 | +3.441% | $17.1M | $24.2M | 15x | as long as short |
Deribit NEAR_USDC-PERPETUAL
Popdex NEARUSDT
Orderly PERP_NEAR_USDC
Paradex NEAR-USD-PERP
Aster NEARUSDT
Pacifica NEAR
Binance NEARUSDT
OKX NEAR-USDT-SWAP
Arcus NEAR-USD
Bulk NEAR-USD
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDT
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
SunX NEAR-USDT
SoDEX NEAR-USD
HTX NEAR-USDT
Phemex NEARUSDT
Extended NEAR-USD
Aevo NEAR-PERP
Hyperliquid NEAR
BloFin NEAR-USDT
GMX NEAR/USD [ETH-USDC]
Lighter RH NEAR
Backpack NEAR_USDC_PERP
RISEx NEAR/USDC
Nado NEAR-PERP
Phoenix NEAR
Aftermath Perps NEARUSD
Lighter NEAR