Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: Kalshi against ApeX Omni+1.255%7-day average −0.097% · you sell dearer than you buy

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs+$81as in the Price arb table

costs, in and out, $10k−$540.545% of the position

Long on ApeX Omni Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.209%−$21 on $10k

Price spread, last 4 days (all we have)−1.717%−$172 · spread now +1.255%, 7d avg −0.097%

Together, before fees−1.926%−$193 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 1.351% dearer against ApeX Omni than usual: you sell high and buy low (spread +1.255% now, against its 7-day average of −0.097%): +$135 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 45 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni NEARUSDT	4.4320	0.0100	pay 0.0013% / 1h	24m 44s	$173K	$793K	50x
Short	Kalshi KXNEARPERP	4.4876	0	get 0.0000% / 8h	1h 24m	$659K	$20.1M	2.2x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against ApeX Omni. 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 ApeX OmnibpFee KalshibpOrdersPrice spread, now +1.255%Rate

Funding earned: −$21
Price spread: +1.255% → −0.097%: $135.15
Slippage, 4 orders: −$34.47
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Kalshi: 5 bp × 2 orders: −$10
Net: $59.67
Costs to cover: 0.545%
Break-even: from the start

Slippage from ApeX Omni: live order book, 39 min ago; Kalshi: 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 ApeX Omni live order book, 39 min ago	6.87 bp	15.6 bp −$16	102.6 bp −$1,026	doesn't fit	doesn't fit
Sell Kalshi live order book, 4 min ago	5.42 bp	10.8 bp −$11	19.5 bp −$195	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	4.4902	+1.312%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.4923	+1.361%	$2.2M	$14.9M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4974	+1.476%	$111K	$70K	10x	as long as short
Kalshi KXNEARPERPshort	0.0000%	8h	4.4876	+1.255%	$659K	$20.1M	2.2x
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.4922	+1.358%	$207K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.566%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4900	+1.309%	$117K	$490K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4992	+1.517%	$425K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.5010	+1.557%	$274.0M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4981	+1.491%	$226.7M	$420.4M	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	4.4940	+1.399%	$64.5M	$299.3M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4421	+0.227%	$253K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4957	+1.437%	$32.6M	$63.3M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4980	+1.489%	$77.6M	$143.8M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4970	+1.467%	$56.4M	$44.6M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4939	+1.397%	$74.0M	$127.5M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.4960	+1.444%	—	$145.8M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4586	+0.600%	$8.7M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4330	+0.023%	$266K	$985K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4439	+0.269%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDTlong	+0.0100%	1h	4.4320	long leg	$173K	$793K	50x
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4943	+1.406%	$223K	$3.7M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4901	+1.311%	$62K	$195K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4960	+1.444%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4910	+1.331%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.5000	+1.534%	$469K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4900	+1.309%	$3.9M	$8.1M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4879	+1.260%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4922	+1.357%	$3.9M	$18.7M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4920	+1.353%	$209K	$34K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4950	+1.421%	$13.9M	$32.8M	75x	as long as short
Aster NEARUSDT	+0.0259%	8h	4.5027	+1.594%	$3.1M	$5.4M	50x	as long as short
01 Exchange NEARUSD	+0.0352%	1h	4.4979	+1.487%	$13K	$7K	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0355% / S −0.0246%	1h	4.4916	+1.345%	$265K	—	100x	as long as short
Nado NEAR-PERP	+0.0369%	1h	4.4890	+1.287%	$1.9M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.4970	+1.467%	$214K	$1.7M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0558%	1h	4.5018	+1.575%	$1.4M	$6.6M	20x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0641%	1h	4.4953	+1.428%	$2.0M	$4.4M	25x	as long as short
Hyperliquid NEAR	+0.0669%	1h	4.5016	+1.570%	$374.7M	$309.6M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0685%	1h	4.4952	+1.427%	$8.3M	$41.0M	50x	as long as short
Lighter RH NEAR	+0.0696%	1h	4.5032	+1.606%	$1.7M	$7.0M	10x	as long as short
Phoenix NEAR	+0.0855%	1h	4.4889	+1.284%	$1.9M	$2.7M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.4968	+1.462%	$543K	$1.3M	10x	as long as short
Lighter NEAR	+0.1272%	1h	4.5039	+1.622%	$18.0M	$26.0M	15x	as long as short
Aftermath Perps NEARUSD	+0.1573%	1h	4.4432	+0.252%	$6K	$12K	10x	as long as short