NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.021%

Price spread now: Bybit against Kalshi+0.124%7-day average −0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$400.397% of the position

Long on Kalshi Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.149%+$15 on $10k

Price spread, last 7 days−0.269%−$27 · spread now +0.124%, 7d avg −0.035%

Together, before fees−0.121%−$12 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 Bybit is 0.159% dearer against Kalshi than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of −0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXNEARPERP	4.3662	0	get 0.0000% / 8h	1h 56m	$556K	$19.3M	2.2x
Short	Bybit NEARUSDT	4.3716	0.0100	get 0.0100% / 8h	5h 56m	$220.5M	$416.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.124%Rate

Funding earned: $21
Price spread: +0.124% → −0.035%: $15.89
Slippage, 4 orders: −$18.71
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$2.82
Costs to cover: 0.397%
Break-even: 7.9 days

Slippage from Kalshi: live order book, 2 min ago; Bybit: live order book, 2 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, 2 min ago	5.73 bp	10.7 bp −$11	17.8 bp −$178	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	1.15 bp	9.2 bp −$9	15.6 bp −$156	29.8 bp −$2,977	154.1 bp −$77.1K

NEAR on 44 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	4.3576	−0.198%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.3550	−0.257%	$2.2M	$14.1M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3547	−0.264%	$107K	$70K	10x	as long as short
Kalshi KXNEARPERPlong	0.0000%	8h	4.3662	long leg	$556K	$19.3M	2.2x
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3692	+0.069%	$197K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.158%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3570	−0.211%	$115K	$488K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3569	−0.214%	$411K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3739	+0.176%	$265.3M	$1.08B	75x	as long as short
Bybit NEARUSDTshort	+0.0100%	8h	4.3716	+0.124%	$220.5M	$416.8M	75x

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3730	+0.156%	$62.1M	$288.9M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3555	−0.245%	$248K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3678	+0.037%	$31.5M	$61.5M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3700	+0.087%	$75.9M	$139.3M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3690	+0.064%	$54.0M	$43.8M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3732	+0.160%	$71.8M	$126.0M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3720	+0.133%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3517	−0.331%	$8.4M	$18.3M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3545	−0.268%	$269K	$1.0M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3589	−0.166%	$1.4M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3630	−0.073%	$194K	$777K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3641	−0.048%	$202K	$3.6M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3716	+0.124%	$60K	$190K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3750	+0.202%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3650	−0.027%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3670	+0.018%	$456K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3650	−0.027%	$3.8M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3503	−0.364%	$31K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3644	−0.042%	$3.8M	$18.6M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3685	+0.053%	$203K	$34K	3x	as long as short
Aster NEARUSDT	+0.0184%	8h	4.3701	+0.089%	$3.0M	$5.5M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0347% / S −0.0243%	1h	4.3679	+0.040%	$255K	—	100x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0391%	1h	4.3727	+0.149%	$1.9M	$4.3M	25x	as long as short
01 Exchange NEARUSD	+0.0408%	1h	4.3604	−0.133%	$13K	$7K	10x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.3560	−0.234%	$207K	$1.7M	10x	as long as short
Nado NEAR-PERP	+0.0463%	1h	4.3580	−0.188%	$1.9M	$3.1M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0538%	1h	4.3687	+0.057%	$1.5M	$6.3M	20x	as long as short
Phoenix NEAR	+0.0592%	1h	4.3584	−0.179%	$1.8M	$2.5M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0706%	1h	4.3669	+0.015%	$8.2M	$41.1M	50x	as long as short
Hyperliquid NEAR	+0.0807%	1h	4.3807	+0.332%	$368.8M	$306.3M	10x	as long as short
Lighter RH NEAR	+0.0864%	1h	4.3714	+0.119%	$1.6M	$6.9M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.3566	−0.221%	$549K	$1.3M	10x	as long as short
Lighter NEAR	+0.1344%	1h	4.3723	+0.140%	$17.5M	$25.5M	15x	as long as short
Aftermath Perps NEARUSD	+0.1701%	1h	4.3682	+0.045%	$5K	$12K	10x	as long as short