Funding you earn now, next payment 12:00 UTC+0.0083%/8h= +9.1% APRnext payment +$0.83 per $10,000 · paid last 24h +0.070%
Price spread now: BloFin against Kalshi−0.586%61s7-day average +0.043% · you buy dearer than you sell
Net, funding: paid 7d − costs−$8as 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−$500.503% of the position
Funding, last 7 days+0.426%+$43 on $10k
+Price spread, last 4 days (all we have)+1.497%+$150 · spread now −0.586%, 7d avg +0.043%
=Funding pays, the price is against you. BloFin is 0.629% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.586% now, against its 7-day average of +0.043%). If the spread goes back, that is −$63 on $10k: about 25 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.426% in total) that is about 10 days. The two prices were read 61 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 | Kalshi KXNEARPERP | 4.4571 | 0.0137 | pay 0.0137% / 8h | 3h 19m | $905K | $25.5M | 2.2x |
| Short | BloFin NEAR-USDT | 4.4310 | 0.0220 | get 0.0220% / 8h | 7h 19m | $12.7M | $32.6M | 75x |
Kalshi KXNEARPERP
BloFin NEAR-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Kalshi. 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
- $17.41
- Price spread: −0.586% → +0.043%
- −$62.91
- Slippage, 4 orders
- −$28.31
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$95.8
- Costs to cover
- 0.503%
- Break-even
- 45.5 days
Slippage from Kalshi: live order book, 4 min ago; BloFin: 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 Kalshi live order book, 4 min ago | 2.38 bp | 18.5 bp −$18 | 23.9 bp −$239 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 4 min ago | 3.40 bp | 12.0 bp −$12 | 17.0 bp −$170 | 35.3 bp −$3,526 | 91.6 bp −$45.8K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_NEARUSD | −0.0423% | 1h | 4.4672 | +0.226% | $7.4M | $38.7M | 50x | as long as short |
| Reya NEARRUSDPERP | −0.0171% | 1h | 4.4589 | +0.039% | $2K | — | 20x | as long as short |
| Phemex NEARUSDT | −0.0150% | 8h | 4.4660 | +0.200% | $3.6M | $7.7M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.4489 | −0.185% | $109K | $65K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0009% | 1h | 4.4610 | +0.087% | $149K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −7.092% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.4520 | −0.114% | $123K | $501K | 50x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.4672 | +0.226% | $2.7M | $4.6M | 50x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.4710 | +0.312% | $269.5M | $1.08B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.4643 | +0.162% | $225.3M | $426.4M | 75x | as long as short |
Kraken Futures PF_NEARUSD
Reya NEARRUSDPERP
Phemex NEARUSDT
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Aster NEARUSDT
Binance NEARUSDT
Bybit NEARUSDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.4620 | +0.110% | $62.9M | $300.6M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.4520 | −0.114% | $225K | $1.5M | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3750 | −1.842% | $252K | $3K | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.4659 | +0.197% | $37.6M | $62.5M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.4680 | +0.245% | $89.8M | $160.6M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.4680 | +0.245% | $53.7M | $45.3M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.4621 | +0.112% | $73.6M | $127.4M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.4670 | +0.222% | — | $83.4M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.4199 | −0.836% | $9.2M | $18.1M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.4218 | −0.793% | $256K | $894K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.4259 | −0.701% | $1.5M | $1.6M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.4220 | −0.788% | $166K | $825K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.4575 | +0.009% | $278K | $4.0M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.4666 | +0.213% | $57K | $238K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.4740 | +0.379% | $2K | $1.3M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.4685 | +0.256% | $5K | $49K | 10x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.4490 | −0.181% | $32K | $585 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.4614 | +0.097% | $3.7M | $15.3M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.4670 | +0.222% | $208K | $38K | 3x | as long as short |
| Kalshi KXNEARPERPlong | +0.0137% | 8h | 4.4571 | long leg | $905K | $25.5M | 2.2x | |
| Nado NEAR-PERP | +0.0213% | 1h | 4.4625 | +0.121% | $1.7M | $3.2M | 10x | as long as short |
| BloFin NEAR-USDTshort | +0.0220% | 8h | 4.4310 | −0.586% | $12.7M | $32.6M | 75x | |
| Hyperliquid NEAR | +0.0293% | 1h | 4.4713 | +0.319% | $363.4M | $316.3M | 10x | as long as short |
| 01 Exchange NEARUSD | +0.0320% | 1h | 4.4541 | −0.067% | $13K | $6K | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0357% / S −0.0259% | 1h | 4.4572 | +0.002% | $261K | — | 100x | as long as short |
| Lighter RH NEAR | +0.0448% | 1h | 4.4733 | +0.363% | $1.6M | $6.5M | 10x | as long as short |
| Lighter NEAR | +0.0480% | 1h | 4.4694 | +0.276% | $17.6M | $24.0M | 15x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0488% | 1h | 4.4658 | +0.195% | $2.3M | $17.5M | 50x | as long as short |
| HTX NEAR-USDT | +0.0497% | 8h | 4.4750 | +0.402% | $473K | $3.7M | 75x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0555% | 1h | 4.4732 | +0.361% | $1.1M | $7.1M | 20x | as long as short |
| RISEx NEAR/USDC | +0.0656% | 1h | 4.4622 | +0.113% | $603K | $1.5M | 10x | as long as short |
| Pacifica NEAR | +0.0701% | 1h | 4.4485 | −0.192% | $419K | $1.4M | 10x | as long as short |
| Phoenix NEAR | +0.0740% | 1h | 4.4057 | −1.153% | $1.8M | $2.4M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1007% | 1h | 4.4120 | −1.012% | $6K | $7K | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.2930% | 1h | 4.4792 | +0.496% | $2.0M | $13.1M | 25x | as long as short |
OKX NEAR-USDT-SWAP
Arcus NEAR-USD
Bulk NEAR-USD
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDT
Variational Omni NEAR
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
SoDEX NEAR-USD
Paradex NEAR-USD-PERP
Extended NEAR-USD
Aevo NEAR-PERP
Nado NEAR-PERP
Hyperliquid NEAR
01 Exchange NEARUSD
GMX NEAR/USD [ETH-USDC]
Lighter RH NEAR
Lighter NEAR
Coinbase International NEAR-PERP-INTX
HTX NEAR-USDT
Backpack NEAR_USDC_PERP
RISEx NEAR/USDC
Pacifica NEAR
Phoenix NEAR
Aftermath Perps NEARUSD
Deribit NEAR_USDC-PERPETUAL