NEAR

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: Kalshi against Orderly+0.044%7-day average −0.034% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.146%−$15 on $10k

Price spread, last 3 days (all we have)−0.444%−$44 · spread now +0.044%, 7d avg −0.034%

Together, before fees−0.589%−$59 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.079% dearer against Orderly than usual: you sell high and buy low (spread +0.044% now, against its 7-day average of −0.034%): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_NEAR_USDC	4.2929	0.0100	pay 0.0100% / 8h	1h 04m	$57K	$194K	20x
Short	Kalshi KXNEARPERP	4.2948	0	get 0.0000% / 8h	5h 04m	$455K	$18.2M	2.2x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Orderly. 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 OrderlybpFee KalshibpOrdersPrice spread, now +0.044%Rate

Funding earned: −$21
Price spread: +0.044% → −0.034%: $7.86
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$29.14
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Kalshi: live order book, 4 min ago. Net counts fees only.

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 Orderly no order-book sample	—	—	—	—	—
Sell Kalshi live order book, 4 min ago	5.61 bp	14.4 bp −$14	22.4 bp −$224	doesn't fit	doesn't fit

Orderly: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya NEARRUSDPERP	−0.0171%	1h	4.2903	−0.061%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0032%	1h	4.2898	−0.072%	$2.2M	$13.2M	50x	as long as short
Injective NEAR/USDC PERP	−0.0002%	1h	4.1410	−3.538%	$578	$302K	12x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2862	−0.155%	$112K	$59K	10x	as long as short
Kalshi KXNEARPERPshort	0.0000%	8h	4.2948	+0.044%	$455K	$18.2M	2.2x
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2922	−0.016%	$207K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0047%	1h	4.2943	+0.033%	$7.8M	$36.3M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2940	+0.026%	$107K	$490K	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2878	−0.119%	$31K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2949	+0.046%	$3.0M	$5.6M	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica NEAR	+0.0100%	1h	4.2891	−0.089%	$399K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2960	+0.072%	$249.4M	$1.07B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.2931	+0.005%	$220.7M	$420.8M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2950	+0.049%	$60.4M	$284.6M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2910	−0.044%	$197K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2317	−1.426%	$241K	$2K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2956	+0.063%	$30.4M	$59.2M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2900	−0.068%	$83.9M	$145.5M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2890	−0.091%	$56.3M	$43.3M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2877	−0.121%	$71.3M	$125.8M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.2950	+0.049%	—	$137.9M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.2849	−0.186%	$8.0M	$17.8M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2739	−0.443%	$244K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2644	−0.664%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2740	−0.440%	$179K	$790K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2983	+0.126%	$231K	$3.3M	10x	as long as short
Orderly PERP_NEAR_USDClong	+0.0100%	8h	4.2929	long leg	$57K	$194K	20x
SunX NEAR-USDT	+0.0100%	8h	4.2990	+0.142%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2909	−0.047%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2860	−0.161%	$3.9M	$8.1M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2859	−0.164%	$4.0M	$14.8M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2915	−0.034%	$207K	$62K	3x	as long as short
01 Exchange NEARUSD	+0.0152%	1h	4.2990	+0.142%	$13K	$7K	10x	as long as short
Lighter RH NEAR	+0.0168%	1h	4.2949	+0.047%	$1.5M	$7.0M	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2910	−0.044%	$12.6M	$32.8M	75x	as long as short
RISEx NEAR/USDC	+0.0364%	1h	4.2972	+0.101%	$414K	$1.2M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0391% / S −0.0335%	1h	4.2929	−0.001%	$293K	—	100x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0402%	1h	4.2952	+0.054%	$1.9M	$2.3M	25x	as long as short
Nado NEAR-PERP	+0.0469%	1h	4.2914	−0.034%	$1.9M	$3.5M	10x	as long as short
Phoenix NEAR	+0.0542%	1h	4.2890	−0.091%	$1.8M	$2.7M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0558%	1h	4.2922	−0.016%	$1.3M	$5.5M	20x	as long as short
Hyperliquid NEAR	+0.0663%	1h	4.2973	+0.102%	$371.3M	$297.3M	10x	as long as short
HTX NEAR-USDT	+0.0927%	8h	4.3080	+0.352%	$462K	$3.6M	75x	as long as short
Lighter NEAR	+0.1000%	1h	4.2994	+0.151%	$16.5M	$23.8M	15x	as long as short
Aftermath Perps NEARUSD	+0.1002%	1h	4.2635	−0.686%	$5K	$11K	10x	as long as short