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

NEAR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%
Price spread now: Paradex against Kalshi−0.259%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropParadex: Active · farm boardneeds both histories
Funding pays, the price is against you. Paradex is 0.259% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.259% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$26 on $10k: about 8.7 days of funding at the current rate (+$3 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKalshi KXNEARPERP4.28370get 0.0000% / 8h4h 15m$340K$18.8M2.2x
ShortParadex NEAR-USD-PERP4.27260.0100get 0.0100% / 8h15m 21s$31K$64710x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex 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
$20.93
Price spread: −0.259% → 0.000%
−$25.88
Slippage, 4 orders
no order book: not counted
Fee Kalshi: 5 bp × 2 orders
−$10
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$18.95
Costs to cover
0.140%
Break-even
13.3 days
Slippage unknown: Kalshi: live order book, 4 min ago; Paradex: no order-book sample. Net counts fees only.

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, 4 min ago7.13 bp12.1 bp −$1217.1 bp −$171doesn't fitdoesn't fit
Sell Paradex no order-book sample
Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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%1h4.2652−0.431%$2K20xas long as short
Coinbase International NEAR-PERP-INTX−0.0072%1h4.2781−0.131%$2.2M$13.1M50xas long as short
dYdX NEAR-USD0.0000%1h4.2761−0.177%$111K$62K10xas long as short
Kalshi KXNEARPERPlong0.0000%8h4.2837long leg$340K$18.8M2.2x
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0004%1h4.2703−0.314%$201K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−3.331%$578$302K12xas long as short
Variational Omni NEAR+0.0047%8h4.2759−0.183%$7.9M$18.5Mas long as short
Bybit NEARUSDT+0.0051%8h4.2673−0.383%$217.5M$422.6M75xas long as short
01 Exchange NEARUSD+0.0072%1h4.2730−0.250%$13K$7K10xas long as short
Popdex NEARUSDT+0.0096%1h4.2700−0.320%$109K$495K50xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_NEAR_USDC+0.0100%8h4.2693−0.336%$57K$194K20xas long as short
Paradex NEAR-USD-PERPshort+0.0100%8h4.2726−0.259%$31K$64710x
Aster NEARUSDT+0.0100%8h4.2726−0.258%$3.0M$5.7M50xas long as short
Pacifica NEAR+0.0100%1h4.2771−0.155%$400K$1.2M10xas long as short
Binance NEARUSDT+0.0100%8h4.2680−0.367%$252.7M$1.08B75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.2660−0.413%$60.8M$285.9M50xas long as short
Arcus NEAR-USD+0.0100%1h4.2750−0.203%$196K$1.8M10xas long as short
Bulk NEAR-USD+0.0100%1h4.2950+0.264%$245K$2K10xas long as short
Gate NEAR_USDT+0.0100%8h4.2679−0.369%$30.5M$60.1M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.2700−0.320%$77.6M$142.2M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.2710−0.296%$55.7M$43.5M75xas long as short
Bitget NEARUSDT+0.0100%8h4.2675−0.378%$70.9M$126.1M75xas long as short
BingX NEAR-USDT+0.0100%8h4.2690−0.343%$140.2Mas long as short
edgeX NEARUSDC+0.0100%4h4.2754−0.194%$244K$1.2M20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.2783−0.126%$1.4M$1.3M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.2750−0.203%$179K$791K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.2696−0.329%$199K$3.5M10xas long as short
SunX NEAR-USDT+0.0100%8h4.2730−0.250%$2K$1.4M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.2690−0.343%$4K$54K10xas long as short
Phemex NEARUSDT+0.0100%8h4.2700−0.320%$3.8M$8.6M50xas long as short
Extended NEAR-USD+0.0104%1h4.2707−0.304%$3.9M$16.1M25xas long as short
Aevo NEAR-PERP+0.0104%1h4.2680−0.367%$201K$66K3xas long as short
Kraken Futures PF_NEARUSD+0.0119%1h4.2726−0.260%$7.6M$37.6M50xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0195%1h4.2718−0.278%$1.9M$2.5M25xas long as short
BloFin NEAR-USDT+0.0220%8h4.2800−0.086%$13.0M$29.4M75xas long as short
Lighter RH NEAR+0.0328%1h4.2810−0.063%$1.5M$7.1M10xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0375% / S −0.0314%1h4.2698−0.325%$274K100xas long as short
RISEx NEAR/USDC+0.0404%1h4.2751−0.200%$419K$1.2M10xas long as short
Backpack NEAR_USDC_PERP+0.0454%1h4.2742−0.222%$1.4M$5.6M20xas long as short
Phoenix NEAR+0.0463%1h4.2892+0.128%$1.8M$2.7M10xas long as short
Nado NEAR-PERP+0.0672%1h4.2685−0.355%$1.9M$3.4M10xas long as short
Hyperliquid NEAR+0.0689%1h4.2731−0.247%$365.8M$299.9M10xas long as short
HTX NEAR-USDT+0.0785%8h4.2760−0.180%$458K$3.7M75xas long as short
Aftermath Perps NEARUSD+0.1150%1h4.2766−0.165%$5K$12K10xas long as short
Lighter NEAR+0.1688%1h4.2863+0.061%$16.6M$24.1M15xas long as short