Funding you earn now, next payment 12:00 UTC−0.0033%/8h= −3.6% APRpaid last 24h −0.011%
Price spread now: Kalshi against Injective+8.278%66s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.217%−$22 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Kalshi is 8.278% dearer against Injective than usual: you sell high and buy low (spread +8.278% now, against zero (this spread has no 7-day history yet)): +$828 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about years. At the pace of the last 7 days (−0.217% in total) that is about 9 months. The two prices were read 66 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 | Injective NEAR/USDC PERP | 4.1410 | 0.0033 | pay 0.0004% / 1h | 55m 32s | $578 | $301K | 12x |
| Short | Kalshi KXNEARPERP | 4.4838 | 0 | get 0.0000% / 8h | 55m 32s | $921K | $26.5M | 2.2x |
Injective NEAR/USDC PERP
Kalshi KXNEARPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi against Injective. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$7
- Price spread: +8.278% → 0.000%
- $827.82
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- $810.8
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Kalshi: live order book, 1 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 Injective no order-book sample | — | — | — | — | — |
| Sell Kalshi live order book, 1 min ago | 6.35 bp | 11.4 bp −$11 | 17.1 bp −$171 | doesn't fit | doesn't fit |
Injective: 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 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_NEARUSD | −0.0381% | 1h | 4.4815 | +8.223% | $7.3M | $37.1M | 50x | as long as short |
| Reya NEARRUSDPERP | −0.0171% | 1h | 4.4788 | +8.158% | $2K | — | 20x | as long as short |
| ApeX Omni NEARUSDT | −0.0164% | 1h | 4.4850 | +8.307% | $168K | $809K | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.4812 | +8.215% | $110K | $53K | 10x | as long as short |
| Kalshi KXNEARPERPshort | 0.0000% | 8h | 4.4838 | +8.278% | $921K | $26.5M | 2.2x | |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.4813 | +8.218% | $168K | — | 150x | as long as short |
| Injective NEAR/USDC PERPlong | +0.0033% | 1h | 4.1410 | long leg | $578 | $301K | 12x | |
| Popdex NEARUSDT | +0.0096% | 1h | 4.4810 | +8.211% | $124K | $506K | 50x | as long as short |
| Hyperliquid NEAR | +0.0100% | 1h | 4.4840 | +8.283% | $360.2M | $313.1M | 10x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.4824 | +8.244% | $2.7M | $4.9M | 50x | as long as short |
Kraken Futures PF_NEARUSD
Reya NEARRUSDPERP
ApeX Omni NEARUSDT
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Popdex NEARUSDT
Hyperliquid NEAR
Aster NEARUSDTShow all 45 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance NEARUSDT | +0.0100% | 8h | 4.4830 | +8.259% | $270.6M | $1.08B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.4800 | +8.186% | $230.1M | $430.4M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.4770 | +8.114% | $63.7M | $300.8M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.4850 | +8.307% | $276K | $24K | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.4797 | +8.179% | $41.0M | $61.4M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.4830 | +8.259% | $74.4M | $167.5M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.4820 | +8.235% | $53.9M | $44.4M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.4798 | +8.182% | $74.6M | $127.6M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.4810 | +8.211% | — | $6.7M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.4813 | +8.218% | $8.8M | $16.0M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.4865 | +8.343% | $266K | $861K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.4858 | +8.328% | $1.5M | $1.8M | 10x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.4817 | +8.227% | $189K | $4.2M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.4841 | +8.285% | $55K | $273K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.4960 | +8.573% | $1K | $1.3M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.4830 | +8.259% | $5K | $34K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.4860 | +8.331% | $463K | $3.7M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.4840 | +8.283% | $3.4M | $8.3M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.4805 | +8.199% | $32K | $389 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.4784 | +8.148% | $3.7M | $15.0M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.4817 | +8.226% | $208K | $38K | 3x | as long as short |
| Lighter NEAR | +0.0112% | 1h | 4.4855 | +8.320% | $17.0M | $24.6M | 15x | as long as short |
| Lighter RH NEAR | +0.0128% | 1h | 4.4856 | +8.322% | $1.6M | $5.7M | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0191% / S −0.0033% | 1h | 4.4808 | +8.205% | $241K | — | 100x | as long as short |
| 01 Exchange NEARUSD | +0.0192% | 1h | 4.4811 | +8.213% | $13K | $4K | 10x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.4840 | +8.283% | $12.7M | $32.5M | 75x | as long as short |
| Arcus NEAR-USD | +0.0253% | 1h | 4.4850 | +8.307% | $226K | $1.4M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0478% | 1h | 4.4823 | +8.242% | $639K | $1.6M | 10x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0544% | 1h | 4.5060 | +8.814% | $2.3M | $17.7M | 50x | as long as short |
| Nado NEAR-PERP | +0.0596% | 1h | 4.4800 | +8.186% | $1.8M | $3.1M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0682% | 1h | 4.4856 | +8.322% | $1.1M | $7.2M | 20x | as long as short |
| Pacifica NEAR | +0.0687% | 1h | 4.4828 | +8.254% | $422K | $1.3M | 10x | as long as short |
| Phoenix NEAR | +0.0741% | 1h | 4.5326 | +9.457% | $1.8M | $2.6M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.0916% | 1h | 4.4933 | +8.507% | $6K | $6K | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.1022% | 1h | 4.4870 | +8.355% | $1.9M | $13.0M | 25x | as long as short |
Binance NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Bulk NEAR-USD
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDC
Variational Omni NEAR
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
Polymarket Perps NEAR-USD
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
SoDEX NEAR-USD
HTX NEAR-USDT
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Extended NEAR-USD
Aevo NEAR-PERP
Lighter NEAR
Lighter RH NEAR
GMX NEAR/USD [ETH-USDC]
01 Exchange NEARUSD
BloFin NEAR-USDT
Arcus NEAR-USD
RISEx NEAR/USDC
Coinbase International NEAR-PERP-INTX
Nado NEAR-PERP
Backpack NEAR_USDC_PERP
Pacifica NEAR
Phoenix NEAR
Aftermath Perps NEARUSD
Deribit NEAR_USDC-PERPETUAL