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+0.0041%/8h= +4.4% APRnext payment +$0.41 per $10,000 · paid last 24h +0.035%
Price spread now: Aster against Kalshi+0.088%51s7-day average +0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$470.468% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.224%+$22 on $10k
Price spread, last 7 days−0.166%−$17 · spread now +0.088%, 7d avg +0.032%
Together, before fees+0.057%+ Points / potential airdropAster: Stage 5 · farm board+$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Aster is 0.056% dearer against Kalshi than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.032%. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKalshi KXNEARPERP4.43610.0305pay 0.0305% / 8h5h 57m$1.1M$24.6M2.2x
ShortAster NEARUSDT4.44000.0346get 0.0346% / 8h1h 57m$2.9M$5.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster 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

Funding earned
$8.51
Price spread: +0.088% → +0.032%
$5.64
Slippage, 4 orders
−$28.79
Fee Kalshi: 5 bp × 2 orders
−$10
Fee Aster: 4 bp × 2 orders
−$8
Net
−$32.64
Costs to cover
0.468%
Break-even
33.9 days
Slippage from Kalshi: live order book, 2 min ago; Aster: live order book, 1 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 Kalshi live order book, 2 min ago8.11 bp13.5 bp −$1419.0 bp −$190doesn't fitdoesn't fit
Sell Aster live order book, 1 min ago4.49 bp10.7 bp −$1120.4 bp −$204doesn'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%1h4.4408+0.105%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.4506+0.326%$110K$68K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.4347−0.032%$167K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−6.652%$578$301K12xas long as short
Popdex NEARUSDT+0.0096%1h4.4410+0.110%$114K$501K50xas long as short
Bybit NEARUSDT+0.0100%8h4.4340−0.047%$226.0M$425.2M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.4330−0.070%$62.6M$296.1M50xas long as short
Bulk NEAR-USD+0.0100%1h4.4419+0.132%$253K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.4380+0.043%$34.1M$59.2M75xas long as short
KuCoin NEARUSDTM+0.0100%8h4.4420+0.133%$53.5M$45.9M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget NEARUSDT+0.0100%8h4.4331−0.068%$73.2M$126.9M75xas long as short
Variational Omni NEAR+0.0100%8h4.4347−0.032%$9.0M$18.4Mas long as short
edgeX NEARUSDC+0.0100%4h4.4258−0.232%$258K$962K20xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.4355−0.014%$58K$243K20xas long as short
SunX NEAR-USDT+0.0100%8h4.4510+0.336%$1K$1.3M20xas long as short
HTX NEAR-USDT+0.0100%8h4.4560+0.449%$461K$4.0M75xas long as short
Phemex NEARUSDT+0.0100%8h4.4450+0.201%$3.7M$8.3M50xas long as short
Paradex NEAR-USD-PERP+0.0103%8h4.4513+0.342%$32K$60810xas long as short
GRVT NEAR_USDT_Perp+0.0119%8h4.4330−0.070%$1.5M$1.5M10xas long as short
Aevo NEAR-PERP+0.0120%1h4.4380+0.043%$206K$40K3xas long as short
BingX NEAR-USDT+0.0154%8h4.4400+0.088%$144.2Mas long as short
MEXC NEAR_USDT+0.0158%8h4.4410+0.110%$85.2M$143.4M200xas long as short
Binance NEARUSDT+0.0159%8h4.4390+0.065%$269.2M$1.09B75xas long as short
Polymarket Perps NEAR-USD+0.0227%1h4.4428+0.151%$277K$4.0M10xas long as short
BloFin NEAR-USDT+0.0274%8h4.4390+0.065%$13.3M$32.8M75xas long as short
Kalshi KXNEARPERPlong+0.0305%8h4.4361long leg$1.1M$24.6M2.2x
GMX NEAR/USD [ETH-USDC]L +0.0315% / S −0.0201%1h4.4355−0.013%$237K100xas long as short
Aster NEARUSDTshort+0.0346%8h4.4400+0.088%$2.9M$5.0M50x
SoDEX NEAR-USD+0.0353%1h4.4469+0.243%$5K$52K10xas long as short
ApeX Omni NEARUSDT+0.0394%1h4.4450+0.201%$168K$803K50xas long as short
Coinbase International NEAR-PERP-INTX+0.0424%1h4.4497+0.307%$2.3M$16.4M50xas long as short
Extended NEAR-USD+0.0432%1h4.4422+0.138%$3.7M$19.1M25xas long as short
Nado NEAR-PERP+0.0509%1h4.4390+0.065%$1.7M$3.2M10xas long as short
01 Exchange NEARUSD+0.0536%1h4.4391+0.068%$13K$7K10xas long as short
Kraken Futures PF_NEARUSD+0.0656%1h4.4447+0.194%$7.4M$39.1M50xas long as short
Hyperliquid NEAR+0.0762%1h4.4447+0.194%$365.8M$312.7M10xas long as short
Lighter NEAR+0.0816%1h4.4584+0.503%$17.5M$24.6M15xas long as short
Arcus NEAR-USD+0.0880%1h4.4430+0.156%$223K$1.6M10xas long as short
Backpack NEAR_USDC_PERP+0.0917%1h4.4466+0.237%$1.3M$6.6M20xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0966%1h4.4480+0.268%$1.9M$12.2M25xas long as short
Lighter RH NEAR+0.0976%1h4.4547+0.419%$1.5M$6.6M10xas long as short
Phoenix NEAR+0.1033%1h4.4593+0.523%$1.8M$2.4M10xas long as short
Pacifica NEAR+0.1187%1h4.4543+0.410%$409K$1.4M10xas long as short
Aftermath Perps NEARUSD+0.1249%1h4.4237−0.280%$6K$12K10xas long as short
RISEx NEAR/USDC+0.1259%1h4.4383+0.049%$688K$1.4M10xas long as short