NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0177%/8h= −19.4% APRnext payment −$1.77 per $10,000 · paid last 24h +0.030%

Price spread now: MEXC against Kalshi+0.188%48s7-day average −0.006% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$240.238% of the position

Long on Kalshi Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.170%+$17 on $10k

Price spread, last 7 days−0.267%−$27 · spread now +0.188%, 7d avg −0.006%

Together, before fees−0.097%−$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.194% dearer against Kalshi than usual: you sell high and buy low (spread +0.188% now, against its 7-day average of −0.006%): +$19 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 3.7 days. Mind the row above: over the last 7 days funding on this pair paid +0.170%, so the current rate has only just turned against you. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXNEARPERP	4.4057	0.0314	pay 0.0314% / 8h	6h 05m	$1.0M	$24.7M	2.2x
Short	MEXC NEAR_USDT	4.4140	0.0137	get 0.0137% / 8h	2h 05m	$83.8M	$146.6M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.188%Rate

Funding earned: −$37.27
Price spread: +0.188% → −0.006%: $19.45
Slippage, 4 orders: −$13.79
Fee Kalshi: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$41.61
Costs to cover: 0.238%
Break-even: never at this rate

Slippage from Kalshi: live order book, 3 min ago; MEXC: live order book, 4 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, 3 min ago	4.34 bp	11.4 bp −$11	19.7 bp −$197	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	1.14 bp	1.1 bp −$1	2.2 bp −$22	46.8 bp −$4,678	90.2 bp −$45.1K

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	4.4098	+0.093%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4157	+0.226%	$109K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4048	−0.020%	$166K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.008%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4140	+0.188%	$117K	$497K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4110	+0.120%	$221.7M	$423.0M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4100	+0.098%	$62.4M	$293.9M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3500	−1.264%	$248K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4159	+0.232%	$33.7M	$61.2M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4160	+0.234%	$53.2M	$46.0M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NEARUSDT	+0.0100%	8h	4.4104	+0.107%	$72.8M	$127.0M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4197	+0.318%	$8.9M	$18.4M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4038	−0.044%	$257K	$964K	20x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4140	+0.188%	$283K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4225	+0.381%	$58K	$243K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4270	+0.483%	$1K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4340	+0.642%	$478K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4200	+0.325%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.4163	+0.240%	$32K	$608	10x	as long as short
GRVT NEAR_USDT_Perp	+0.0111%	8h	4.4060	+0.007%	$1.5M	$1.5M	10x	as long as short
Aevo NEAR-PERP	+0.0112%	1h	4.4265	+0.472%	$206K	$40K	3x	as long as short
BingX NEAR-USDC	+0.0127%	8h	4.4070	+0.030%	—	$6.7M	—	as long as short
MEXC NEAR_USDTshort	+0.0137%	8h	4.4140	+0.188%	$83.8M	$146.6M	200x
Binance NEARUSDT	+0.0142%	8h	4.4170	+0.256%	$268.5M	$1.09B	75x	as long as short
BloFin NEAR-USDT	+0.0253%	8h	4.4130	+0.166%	$13.3M	$32.6M	75x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0256%	1h	4.4274	+0.493%	$2.3M	$16.4M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0314% / S −0.0201%	1h	4.4067	+0.022%	$236K	—	100x	as long as short
Kalshi KXNEARPERPlong	+0.0314%	8h	4.4057	long leg	$1.0M	$24.7M	2.2x
Aster NEARUSDT	+0.0342%	8h	4.4150	+0.211%	$2.8M	$5.2M	50x	as long as short
Nado NEAR-PERP	+0.0388%	1h	4.4136	+0.180%	$1.7M	$3.2M	10x	as long as short
ApeX Omni NEARUSDT	+0.0434%	1h	4.4030	−0.061%	$168K	$797K	50x	as long as short
Extended NEAR-USD	+0.0464%	1h	4.4148	+0.205%	$3.7M	$19.2M	25x	as long as short
SoDEX NEAR-USD	+0.0508%	1h	4.4205	+0.336%	$5K	$52K	10x	as long as short
Hyperliquid NEAR	+0.0676%	1h	4.4155	+0.222%	$363.2M	$311.1M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0699%	1h	4.4272	+0.488%	$1.3M	$6.5M	20x	as long as short
01 Exchange NEARUSD	+0.0712%	1h	4.4198	+0.320%	$13K	$7K	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0716%	1h	4.4197	+0.317%	$7.4M	$39.1M	50x	as long as short
Arcus NEAR-USD	+0.0814%	1h	4.4190	+0.302%	$229K	$1.6M	10x	as long as short
Pacifica NEAR	+0.0847%	1h	4.4195	+0.314%	$405K	$1.4M	10x	as long as short
Lighter NEAR	+0.0920%	1h	4.4246	+0.428%	$17.4M	$25.3M	15x	as long as short
Phoenix NEAR	+0.1033%	1h	4.4241	+0.418%	$1.8M	$2.5M	10x	as long as short
Lighter RH NEAR	+0.1112%	1h	4.4238	+0.411%	$1.5M	$7.5M	10x	as long as short
RISEx NEAR/USDC	+0.1220%	1h	4.4164	+0.243%	$708K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1251%	1h	4.3841	−0.491%	$5K	$12K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.2919%	1h	4.4314	+0.583%	$2.0M	$12.0M	25x	as long as short