Settings8H · net · $10k
Funding arb · Price arb /

NEAR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC−0.0049%/8h= −5.3% APRnext payment $0.49 per $10,000 · paid last 24h +0.030%
Price spread now: Bitget against Kalshi−0.287%7-day average −0.040% · you buy dearer than you sell
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$69as in the Price arb table
costs, in and out, $10k−$440.440% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.158%+$16 on $10k
Price spread, last 7 days+0.263%+$26 · spread now −0.287%, 7d avg −0.040%
Together, before fees+0.422%+$42 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bitget is 0.247% cheaper against Kalshi than usual: you would sell low and buy high (−$25 if the spread goes back to its 7-day average of −0.040%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.158%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKalshi KXNEARPERP4.38440.0149pay 0.0149% / 8h3h 38m$875K$25.4M2.2x
ShortBitget NEARUSDT4.37180.0100get 0.0100% / 8h7h 38m$72.2M$127.9M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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
−$10.2
Price spread: −0.287% → −0.040%
−$24.74
Slippage, 4 orders
−$21.96
Fee Kalshi: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$78.9
Costs to cover
0.440%
Break-even
never at this rate
Slippage from Kalshi: live order book, 5 min ago; Bitget: live order book, 6 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, 5 min ago4.78 bp12.4 bp −$1219.2 bp −$192doesn't fitdoesn't fit
Sell Bitget live order book, 6 min ago2.16 bp10.3 bp −$1015.3 bp −$15341.8 bp −$4,183doesn'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
Kraken Futures PF_NEARUSD−0.0433%1h4.3648−0.448%$7.2M$38.7M50xas long as short
Reya NEARRUSDPERP−0.0171%1h4.3725−0.272%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.3686−0.360%$107K$67K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.3668−0.401%$164K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−5.552%$578$301K12xas long as short
Popdex NEARUSDT+0.0096%1h4.3710−0.306%$119K$504K50xas long as short
Aster NEARUSDT+0.0100%8h4.3701−0.326%$2.7M$4.8M50xas long as short
Bybit NEARUSDT+0.0100%8h4.3719−0.285%$220.4M$428.3M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.3710−0.306%$61.6M$295.8M50xas long as short
Arcus NEAR-USD+0.0100%1h4.3720−0.283%$221K$1.5M10xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate NEAR_USDT+0.0100%8h4.3657−0.427%$36.4M$62.1M75xas long as short
KuCoin NEARUSDTM+0.0100%8h4.3690−0.351%$52.5M$45.6M75xas long as short
Bitget NEARUSDTshort+0.0100%8h4.3718−0.287%$72.2M$127.9M75x
Variational Omni NEAR+0.0100%8h4.3698−0.333%$9.0M$18.2Mas long as short
edgeX NEARUSDC+0.0100%4h4.3733−0.252%$254K$892K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.3832−0.028%$1.5M$1.6M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.3750−0.214%$165K$826K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.3810−0.078%$273K$4.1M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.3690−0.351%$58K$235K20xas long as short
SunX NEAR-USDT+0.0100%8h4.3760−0.192%$2K$1.3M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.3655−0.431%$5K$50K10xas long as short
Phemex NEARUSDT+0.0100%8h4.3630−0.488%$3.5M$8.1M50xas long as short
Bulk NEAR-USD+0.0100%1h4.3708−0.309%$252K$3K10xas long as short
Paradex NEAR-USD-PERP+0.0100%8h4.3685−0.364%$32K$58510xas long as short
Extended NEAR-USD+0.0104%1h4.3675−0.386%$3.6M$15.8M25xas long as short
Binance NEARUSDT+0.0108%8h4.3720−0.284%$263.9M$1.09B75xas long as short
MEXC NEAR_USDT+0.0112%8h4.3680−0.374%$90.7M$157.1M200xas long as short
Aevo NEAR-PERP+0.0112%1h4.3685−0.363%$203K$40K3xas long as short
BingX NEAR-USDC+0.0122%8h4.3690−0.351%$6.6Mas long as short
Kalshi KXNEARPERPlong+0.0149%8h4.3844long leg$875K$25.4M2.2x
Hyperliquid NEAR+0.0202%1h4.3716−0.292%$353.2M$316.2M10xas long as short
BloFin NEAR-USDT+0.0232%8h4.3660−0.420%$12.5M$32.3M75xas long as short
Nado NEAR-PERP+0.0272%1h4.3700−0.328%$1.7M$3.2M10xas long as short
01 Exchange NEARUSD+0.0320%1h4.3740−0.237%$13K$7K10xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0351% / S −0.0254%1h4.3673−0.390%$257K100xas long as short
HTX NEAR-USDT+0.0354%8h4.3800−0.100%$463K$3.7M75xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0437%1h4.3713−0.299%$1.9M$13.1M25xas long as short
Lighter RH NEAR+0.0456%1h4.3732−0.255%$1.5M$6.4M10xas long as short
Coinbase International NEAR-PERP-INTX+0.0488%1h4.3786−0.132%$2.3M$17.2M50xas long as short
Lighter NEAR+0.0488%1h4.3744−0.229%$17.3M$23.9M15xas long as short
Backpack NEAR_USDC_PERP+0.0535%1h4.3652−0.438%$1.1M$7.2M20xas long as short
RISEx NEAR/USDC+0.0656%1h4.3721−0.280%$595K$1.5M10xas long as short
Pacifica NEAR+0.0701%1h4.3681−0.371%$412K$1.4M10xas long as short
Phoenix NEAR+0.0740%1h4.3911+0.153%$1.8M$2.4M10xas long as short
Aftermath Perps NEARUSD+0.1061%1h4.3856+0.028%$5K$7K10xas long as short