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Funding arb · Price arb /

NEAR

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Alert: spread
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Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.5% APRpaid last 24h +0.001%
Price spread now: gTrade (Gains Network) against Kalshi+0.100%7-day average +0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$289as in the Price arb table
costs, in and out, $10k−$2952.954% of the position
Long on KalshiShort on gTrade (Gains Network)
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.003%$0 on $10k
Price spread, last 3 days (all we have)+0.194%+$19 · spread now +0.100%, 7d avg +0.032%
Together, before fees+0.197%+$20 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: gTrade (Gains Network) is 0.068% dearer against Kalshi than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.032%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKalshi KXNEARPERP4.26800get 0.0000% / 8h4h 40m$401K$18.5M2.2x
ShortgTrade (Gains Network) NEAR/USD4.2723L +0.0004% / S −0.0004%get 0.0001% / 1h40m 39s$203K—150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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
$0.88
Price spread: +0.100% → +0.032%
$6.83
Slippage, 4 orders
−$275.37
Fee Kalshi: 5 bp × 2 orders
−$10
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
−$287.66
Costs to cover
2.954%
Break-even
2294.9 days
Slippage from Kalshi: live order book, 3 min ago; gTrade (Gains Network): virtual book (oracle venue), 38 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, 3 min ago6.33 bp11.3 bp −$1118.4 bp −$184doesn't fitdoesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 38 min ago130.01 bp137.7 bp −$1381007.8 bp −$10.1Kdoesn'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%1h4.2678−0.005%$2K—20xas long as short
Coinbase International NEAR-PERP-INTX−0.0072%1h4.2685+0.012%$2.2M$13.0M50xas long as short
dYdX NEAR-USD0.0000%1h4.2677−0.008%$111K$59K10xas long as short
Kalshi KXNEARPERPlong0.0000%8h4.2680long leg$401K$18.5M2.2x
gTrade (Gains Network) NEAR/USDshortL +0.0004% / S −0.0004%1h4.2723+0.100%$203K—150x
Injective NEAR/USDC PERP+0.0033%1h4.1410−2.976%$578$302K12xas long as short
Bybit NEARUSDT+0.0083%8h4.26800.000%$218.8M$422.0M75xas long as short
Popdex NEARUSDT+0.0096%1h4.2710+0.070%$109K$496K50xas long as short
Variational Omni NEAR+0.0098%8h4.2670−0.024%$7.8M$18.0M—as long as short
Paradex NEAR-USD-PERP+0.0100%8h4.2721+0.096%$31K$64710xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster NEARUSDT+0.0100%8h4.2708+0.065%$2.9M$5.7M50xas long as short
Pacifica NEAR+0.0100%1h4.2702+0.051%$402K$1.2M10xas long as short
Binance NEARUSDT+0.0100%8h4.2688+0.018%$252.8M$1.07B75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.2710+0.070%$60.8M$285.2M50xas long as short
Arcus NEAR-USD+0.0100%1h4.2750+0.164%$202K$1.8M10xas long as short
Bulk NEAR-USD+0.0100%1h4.2674−0.014%$243K$2K10xas long as short
Gate NEAR_USDT+0.0100%8h4.2728+0.112%$30.1M$59.0M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.2690+0.023%$78.3M$141.1M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.2710+0.070%$55.9M$43.5M75xas long as short
Bitget NEARUSDT+0.0100%8h4.2726+0.108%$71.0M$126.2M75xas long as short
BingX NEAR-USDC+0.0100%8h4.2720+0.094%—$6.6M—as long as short
edgeX NEARUSDC+0.0100%4h4.2703+0.055%$243K$1.2M20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.26800.000%$1.4M$1.3M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.2710+0.070%$178K$791K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.2748+0.159%$188K$3.4M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.2678−0.005%$57K$194K20xas long as short
SunX NEAR-USDT+0.0100%8h4.2720+0.094%$2K$1.4M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.2683+0.007%$13K$50K10xas long as short
Phemex NEARUSDT+0.0100%8h4.2690+0.023%$3.9M$8.4M50xas long as short
Extended NEAR-USD+0.0104%1h4.2746+0.155%$3.9M$15.9M25xas long as short
Aevo NEAR-PERP+0.0104%1h4.2687+0.017%$206K$62K3xas long as short
Kraken Futures PF_NEARUSD+0.0119%1h4.2693+0.032%$7.6M$37.1M50xas long as short
01 Exchange NEARUSD+0.0160%1h4.2672−0.019%$13K$7K10xas long as short
BloFin NEAR-USDT+0.0220%8h4.2700+0.047%$13.0M$30.7M75xas long as short
Lighter RH NEAR+0.0368%1h4.2731+0.119%$1.5M$7.0M10xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0374% / S −0.0313%1h4.2724+0.103%$274K—100xas long as short
RISEx NEAR/USDC+0.0404%1h4.2820+0.327%$413K$1.2M10xas long as short
Backpack NEAR_USDC_PERP+0.0426%1h4.2731+0.119%$1.3M$5.5M20xas long as short
Phoenix NEAR+0.0463%1h4.2717+0.087%$1.8M$2.7M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0523%1h4.2720+0.094%$1.9M$2.3M25xas long as short
Nado NEAR-PERP+0.0774%1h4.2714+0.080%$1.9M$3.4M10xas long as short
HTX NEAR-USDT+0.0860%8h4.2830+0.351%$459K$3.7M75xas long as short
Hyperliquid NEAR+0.0999%1h4.2729+0.115%$367.1M$299.4M10xas long as short
Aftermath Perps NEARUSD+0.1197%1h4.2767+0.204%$5K$11K10xas long as short
Lighter NEAR+0.1800%1h4.2781+0.237%$16.4M$23.7M15xas long as short