Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.1437%/8h= +157.4% APRpaid last 24h +0.339%

Price spread now: Aftermath Perps against Kalshi−0.384%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Kalshi Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Aftermath Perps is 0.384% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.384% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$38 on $10k: about 21 hours of funding at the current rate (+$43 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXNEARPERP	4.3475	0	get 0.0000% / 8h	2h 44m	$521K	$19.3M	2.2x
Short	Aftermath Perps NEARUSD	4.3308	0.1437	get 0.0180% / 1h	44m 58s	$5K	$12K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps 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 Aftermath PerpsbpOrdersPrice spread, now −0.384%Rate

Funding earned: $301.87
Price spread: −0.384% → 0.000%: −$38.42
Slippage, 4 orders: no order book: not counted
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $244.45
Costs to cover: 0.190%
Break-even: 1.3 days

Slippage unknown: Kalshi: live order book, 4 min ago; Aftermath Perps: no order-book sample. 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 Kalshi live order book, 4 min ago	5.66 bp	10.7 bp −$11	17.7 bp −$177	doesn't fit	doesn't fit
Sell Aftermath Perps no order-book sample	—	—	—	—	—

Aftermath Perps: 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	4.3350	−0.288%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0064%	1h	4.3415	−0.138%	$2.2M	$13.5M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3451	−0.054%	$108K	$69K	10x	as long as short
Kalshi KXNEARPERPlong	0.0000%	8h	4.3475	long leg	$521K	$19.3M	2.2x
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3409	−0.153%	$201K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.750%	$578	$302K	12x	as long as short
Variational Omni NEAR	+0.0040%	8h	4.3438	−0.084%	$8.2M	$19.1M	—	as long as short
Phemex NEARUSDT	+0.0089%	8h	4.3340	−0.311%	$3.8M	$8.3M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3420	−0.127%	$116K	$477K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.3430	−0.104%	$58K	$161K	20x	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	4.3485	+0.022%	$411K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3315	−0.369%	$259.3M	$1.06B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3300	−0.403%	$220.2M	$419.2M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3310	−0.380%	$61.2M	$280.3M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3500	+0.058%	$206K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3300	−0.403%	$247K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3281	−0.446%	$31.1M	$60.2M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3270	−0.472%	$76.6M	$137.4M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3310	−0.380%	$55.7M	$42.7M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3202	−0.628%	$71.6M	$123.4M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3300	−0.403%	—	$142.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3320	−0.357%	$260K	$1.0M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3229	−0.566%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3310	−0.380%	$179K	$778K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3434	−0.094%	$206K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3480	+0.012%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3395	−0.184%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3460	−0.035%	$442K	$3.9M	75x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3454	−0.049%	$31K	$608	10x	as long as short
Aster NEARUSDT	+0.0103%	8h	4.3395	−0.185%	$3.0M	$5.8M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3214	−0.601%	$3.8M	$17.3M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3420	−0.127%	$202K	$34K	3x	as long as short
Kraken Futures PF_NEARUSD	+0.0218%	1h	4.3396	−0.182%	$7.7M	$39.6M	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3220	−0.587%	$13.2M	$27.6M	75x	as long as short
Nado NEAR-PERP	+0.0334%	1h	4.3356	−0.273%	$1.9M	$3.0M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0359% / S −0.0277%	1h	4.3391	−0.193%	$260K	—	100x	as long as short
01 Exchange NEARUSD	+0.0384%	1h	4.3479	+0.009%	$13K	$7K	10x	as long as short
RISEx NEAR/USDC	+0.0509%	1h	4.3463	−0.028%	$541K	$1.3M	10x	as long as short
Phoenix NEAR	+0.0592%	1h	4.3533	+0.133%	$1.8M	$2.6M	10x	as long as short
Lighter RH NEAR	+0.0760%	1h	4.3423	−0.120%	$1.6M	$6.9M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0764%	1h	4.3440	−0.081%	$1.9M	$4.1M	25x	as long as short
Backpack NEAR_USDC_PERP	+0.0849%	1h	4.3435	−0.092%	$1.3M	$6.0M	20x	as long as short
Hyperliquid NEAR	+0.0871%	1h	4.3466	−0.021%	$368.5M	$303.4M	10x	as long as short
Lighter NEAR	+0.1432%	1h	4.3482	+0.017%	$17.3M	$24.6M	15x	as long as short
Aftermath Perps NEARUSDshort	+0.1437%	1h	4.3308	−0.384%	$5K	$12K	10x