Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h +0.031%

Price spread now: Aevo against Kalshi+0.112%7-day average +0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$75as in the Price arb table

costs, in and out, $10k−$820.821% of the position

Long on Kalshi Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.209%+$21 on $10k

Price spread, last 3 days (all we have)+0.296%+$30 · spread now +0.112%, 7d avg +0.036%

Together, before fees+0.505%+$51 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Aevo is 0.076% dearer against Kalshi than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXNEARPERP	4.2557	0	get 0.0000% / 8h	5h 08m	$483K	$18.0M	2.2x
Short	Aevo NEAR-PERP	4.2605	0.0104	get 0.0013% / 1h	8m 26s	$205K	$62K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Kalshi. 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

Position, each leg$Hold fordaysFee KalshibpFee AevobpOrdersPrice spread, now +0.112%Rate

Funding earned: $21.84
Price spread: +0.112% → +0.036%: $7.59
Slippage, 4 orders: −$56.12
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$52.69
Costs to cover: 0.821%
Break-even: 23.9 days

Slippage from Kalshi: live order book, 5 min ago; Aevo: live order book, 10 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 Kalshi live order book, 5 min ago	4.87 bp	9.9 bp −$10	17.4 bp −$174	doesn't fit	doesn't fit
Sell Aevo live order book, 10 min ago	21.34 bp	29.9 bp −$30	doesn't fit	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	4.2774	+0.510%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0032%	1h	4.2593	+0.085%	$2.2M	$13.0M	50x	as long as short
Injective NEAR/USDC PERP	−0.0002%	1h	4.1410	−2.695%	$578	$302K	12x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2787	+0.539%	$111K	$59K	10x	as long as short
Kalshi KXNEARPERPlong	0.0000%	8h	4.2557	long leg	$483K	$18.0M	2.2x
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2700	+0.336%	$207K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0047%	1h	4.2688	+0.307%	$7.7M	$36.3M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2740	+0.430%	$105K	$489K	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2796	+0.561%	$31K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2830	+0.641%	$3.0M	$5.6M	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica NEAR	+0.0100%	1h	4.2811	+0.596%	$398K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2767	+0.493%	$247.0M	$1.06B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.2781	+0.526%	$219.8M	$420.0M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2780	+0.524%	$59.8M	$282.3M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2760	+0.477%	$200K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2317	−0.564%	$241K	$2K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2787	+0.540%	$30.1M	$58.4M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2760	+0.477%	$83.1M	$144.3M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2770	+0.501%	$56.2M	$43.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2780	+0.524%	$70.9M	$125.4M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.2780	+0.524%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.2299	−0.606%	$7.9M	$17.8M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2295	−0.616%	$247K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2168	−0.914%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2150	−0.956%	$176K	$793K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2800	+0.571%	$230K	$3.2M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2601	+0.103%	$56K	$194K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2710	+0.360%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2639	+0.193%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2640	+0.195%	$3.9M	$8.1M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2757	+0.471%	$4.0M	$14.8M	25x	as long as short
Aevo NEAR-PERPshort	+0.0104%	1h	4.2605	+0.112%	$205K	$62K	3x
01 Exchange NEARUSD	+0.0136%	1h	4.2809	+0.592%	$13K	$7K	10x	as long as short
Lighter RH NEAR	+0.0152%	1h	4.2834	+0.651%	$1.5M	$7.0M	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2660	+0.242%	$12.6M	$32.3M	75x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0290%	1h	4.2628	+0.167%	$1.9M	$2.2M	25x	as long as short
RISEx NEAR/USDC	+0.0364%	1h	4.2785	+0.535%	$412K	$1.2M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0388% / S −0.0332%	1h	4.2613	+0.132%	$290K	—	100x	as long as short
Nado NEAR-PERP	+0.0467%	1h	4.2794	+0.558%	$1.9M	$3.5M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0541%	1h	4.2742	+0.435%	$1.3M	$5.5M	20x	as long as short
Phoenix NEAR	+0.0542%	1h	4.2316	−0.566%	$1.8M	$2.7M	10x	as long as short
Hyperliquid NEAR	+0.0596%	1h	4.2905	+0.818%	$368.6M	$294.9M	10x	as long as short
HTX NEAR-USDT	+0.0931%	8h	4.2770	+0.501%	$460K	$3.6M	75x	as long as short
Aftermath Perps NEARUSD	+0.0980%	1h	4.2366	−0.448%	$5K	$11K	10x	as long as short
Lighter NEAR	+0.0992%	1h	4.2912	+0.834%	$16.5M	$23.8M	15x	as long as short