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 −0.030%

Price spread now: Kalshi against KuCoin−0.436%49s7-day average −0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$82as 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−$650.650% of the position

Long on KuCoin Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.175%−$17 on $10k

Price spread, last 7 days+0.554%+$55 · spread now −0.436%, 7d avg −0.009%

Together, before fees+0.379%+$38 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Kalshi is 0.427% cheaper against KuCoin than usual: you would sell low and buy high (−$43 if the spread goes back to its 7-day average of −0.009%). Swap the legs. The two prices were read 49 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	KuCoin NEARUSDTM	4.4920	0.0100	pay 0.0100% / 8h	5h 01m	$55.6M	$46.2M	75x
Short	Kalshi KXNEARPERP	4.4724	0	get 0.0000% / 8h	1h 01m	$536K	$21.9M	2.2x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against KuCoin. 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 KuCoinbpFee KalshibpOrdersPrice spread, now −0.436%Rate

Funding earned: −$21
Price spread: −0.436% → −0.009%: −$42.71
Slippage, 4 orders: −$42.97
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$128.68
Costs to cover: 0.650%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; Kalshi: live order book, 3 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 KuCoin live order book, 3 min ago	2.23 bp	21.1 bp −$21	43.0 bp −$430	107.8 bp −$10.8K	doesn't fit
Sell Kalshi live order book, 3 min ago	8.04 bp	13.0 bp −$13	22.0 bp −$220	doesn't fit	doesn't fit

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	4.4890	−0.068%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.4708	−0.472%	$2.2M	$15.6M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4864	−0.125%	$111K	$70K	10x	as long as short
Kalshi KXNEARPERPshort	0.0000%	8h	4.4724	−0.436%	$536K	$21.9M	2.2x
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4864	−0.125%	$167K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.814%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4870	−0.111%	$117K	$515K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4849	−0.158%	$428K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4888	−0.072%	$274.5M	$1.12B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4880	−0.089%	$224.6M	$429.4M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4870	−0.111%	$63.9M	$307.7M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4470	−1.002%	$253K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4856	−0.142%	$32.5M	$65.7M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4900	−0.045%	$76.4M	$151.1M	200x	as long as short
KuCoin NEARUSDTMlong	+0.0100%	8h	4.4920	long leg	$55.6M	$46.2M	75x
Bitget NEARUSDT	+0.0100%	8h	4.4902	−0.040%	$73.9M	$131.2M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.4820	−0.223%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4486	−0.965%	$8.6M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4501	−0.932%	$267K	$977K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4714	−0.460%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4750	−0.378%	$172K	$797K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4883	−0.082%	$248K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4686	−0.521%	$57K	$237K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4670	−0.557%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4690	−0.512%	$8K	$53K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4710	−0.467%	$463K	$4.2M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4700	−0.490%	$3.8M	$8.4M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.4838	−0.183%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4710	−0.467%	$208K	$40K	3x	as long as short
Extended NEAR-USD	+0.0208%	1h	4.4795	−0.277%	$4.1M	$19.5M	25x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4680	−0.534%	$14.4M	$33.6M	75x	as long as short
Aster NEARUSDT	+0.0293%	8h	4.4841	−0.176%	$3.1M	$5.6M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0354% / S −0.0235%	1h	4.4601	−0.710%	$267K	—	100x	as long as short
01 Exchange NEARUSD	+0.0376%	1h	4.4856	−0.142%	$13K	$7K	10x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.4880	−0.089%	$217K	$1.8M	10x	as long as short
Nado NEAR-PERP	+0.0467%	1h	4.4890	−0.066%	$1.9M	$3.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0535%	1h	4.4740	−0.401%	$1.4M	$6.7M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0689%	1h	4.4728	−0.427%	$8.3M	$41.3M	50x	as long as short
Lighter RH NEAR	+0.0712%	1h	4.4923	+0.007%	$1.6M	$7.3M	10x	as long as short
Hyperliquid NEAR	+0.0765%	1h	4.4939	+0.042%	$373.9M	$327.1M	10x	as long as short
Phoenix NEAR	+0.0855%	1h	4.4916	−0.009%	$1.9M	$2.7M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.4877	−0.097%	$574K	$1.4M	10x	as long as short
Lighter NEAR	+0.1120%	1h	4.4914	−0.013%	$18.1M	$27.2M	15x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1294%	1h	4.4761	−0.354%	$2.0M	$4.9M	25x	as long as short
Aftermath Perps NEARUSD	+0.1597%	1h	4.4904	−0.035%	$6K	$12K	10x	as long as short