NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.024%

Price spread now: Bybit against Kalshi−0.433%7-day average −0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$79as in the Price arb table

costs, in and out, $10k−$390.387% of the position

Long on Kalshi Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.167%+$17 on $10k

Price spread, last 7 days+0.475%+$47 · spread now −0.433%, 7d avg −0.024%

Together, before fees+0.642%+$64 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.408% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.433% now, against its 7-day average of −0.024%). If the spread goes back, that is −$41 on $10k: about 14 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXNEARPERP	4.5055	0	get 0.0000% / 8h	57m 32s	$922K	$26.5M	2.2x
Short	Bybit NEARUSDT	4.4860	0.0100	get 0.0100% / 8h	4h 57m	$230.4M	$431.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Kalshi. 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 KalshibpFee BybitbpOrdersPrice spread, now −0.433%Rate

Funding earned: $21
Price spread: −0.433% → −0.024%: −$40.83
Slippage, 4 orders: −$17.66
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$58.49
Costs to cover: 0.387%
Break-even: 26.5 days

Slippage from Kalshi: live order book, 4 min ago; Bybit: live order book, 5 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	6.01 bp	11.0 bp −$11	18.1 bp −$181	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	1.11 bp	8.0 bp −$8	12.6 bp −$126	33.2 bp −$3,321	139.3 bp −$69.7K

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	−0.0380%	1h	4.4904	−0.335%	$7.3M	$37.1M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.4908	−0.326%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4837	−0.485%	$110K	$53K	10x	as long as short
Kalshi KXNEARPERPlong	0.0000%	8h	4.5055	long leg	$922K	$26.5M	2.2x
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4934	−0.268%	$168K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−8.090%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4880	−0.388%	$124K	$506K	50x	as long as short
Hyperliquid NEAR	+0.0100%	1h	4.4861	−0.431%	$360.4M	$313.0M	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.4899	−0.347%	$2.7M	$4.9M	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4888	−0.371%	$271.0M	$1.08B	75x	as long as short

Show all 45 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit NEARUSDTshort	+0.0100%	8h	4.4860	−0.433%	$230.4M	$431.0M	75x
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4850	−0.455%	$63.8M	$301.4M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4850	−0.455%	$276K	$24K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4860	−0.433%	$41.0M	$61.4M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4900	−0.344%	$73.6M	$167.4M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4890	−0.366%	$54.0M	$44.5M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4833	−0.493%	$74.6M	$127.6M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.4870	−0.411%	—	$74.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4983	−0.160%	$8.8M	$16.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.5190	+0.299%	$268K	$861K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.5011	−0.097%	$1.5M	$1.8M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4990	−0.144%	$168K	$808K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4873	−0.404%	$188K	$4.2M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4938	−0.260%	$56K	$273K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.5000	−0.122%	$1K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4921	−0.297%	$5K	$34K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.5000	−0.122%	$471K	$3.7M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4920	−0.300%	$3.4M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4849	−0.457%	$32K	$389	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4849	−0.457%	$3.7M	$15.0M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4919	−0.302%	$209K	$38K	3x	as long as short
Lighter RH NEAR	+0.0136%	1h	4.4899	−0.346%	$1.6M	$5.7M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0191% / S −0.0033%	1h	4.4938	−0.259%	$242K	—	100x	as long as short
Lighter NEAR	+0.0208%	1h	4.4853	−0.448%	$17.0M	$24.6M	15x	as long as short
01 Exchange NEARUSD	+0.0216%	1h	4.4886	−0.375%	$13K	$4K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.5310	+0.566%	$12.9M	$32.8M	75x	as long as short
Arcus NEAR-USD	+0.0253%	1h	4.4900	−0.344%	$227K	$1.4M	10x	as long as short
RISEx NEAR/USDC	+0.0478%	1h	4.4888	−0.370%	$639K	$1.6M	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0544%	1h	4.5060	+0.011%	$2.3M	$17.7M	50x	as long as short
Nado NEAR-PERP	+0.0660%	1h	4.4850	−0.455%	$1.8M	$3.1M	10x	as long as short
Pacifica NEAR	+0.0687%	1h	4.4849	−0.457%	$422K	$1.3M	10x	as long as short
Phoenix NEAR	+0.0741%	1h	4.5098	+0.095%	$1.7M	$2.4M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0797%	1h	4.4956	−0.220%	$1.9M	$13.0M	25x	as long as short
Backpack NEAR_USDC_PERP	+0.0883%	1h	4.4926	−0.286%	$1.1M	$7.2M	20x	as long as short
Aftermath Perps NEARUSD	+0.0926%	1h	4.4974	−0.179%	$6K	$6K	10x	as long as short