Funding you earn now, next payment 08:00 UTC−0.0137%/8h= −15.1% APRpaid last 24h +0.011%
Price spread now: Injective against Kalshi−5.169%7-day average +0.533% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.217%+$22 on $10k
+Price spread, last 4 days (all we have)+7.164%+$716 · spread now −5.169%, 7d avg +0.533%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Injective is 5.702% cheaper against Kalshi than usual: you would sell low and buy high (−$570 if the spread goes back to its 7-day average of +0.533%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.217%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kalshi KXNEARPERP | 4.3667 | 0.0171 | pay 0.0171% / 8h | 4h 06m | $959K | $25.1M | 2.2x |
| Short | Injective NEAR/USDC PERP | 4.1410 | 0.0033 | get 0.0004% / 1h | 6m 56s | $578 | $301K | 12x |
Kalshi KXNEARPERP
Injective NEAR/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$28.87
- Price spread: −5.169% → +0.533%
- −$570.17
- Slippage, 4 orders
- no order book: not counted
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$609.06
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Kalshi: live order book, 2 min ago; Injective: no order-book sample. 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 Kalshi live order book, 2 min ago | 6.73 bp | 11.7 bp −$12 | 18.3 bp −$183 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
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 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 | 4.3702 | +0.081% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3742 | +0.171% | $108K | $68K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.3672 | +0.012% | $163K | — | 150x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0017% | 1h | 4.3651 | −0.037% | $7.2M | $38.6M | 50x | as long as short |
| Injective NEAR/USDC PERPshort | +0.0033% | 1h | 4.1410 | −5.169% | $578 | $301K | 12x | |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3810 | +0.327% | $114K | $498K | 50x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3693 | +0.060% | $220.9M | $428.6M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3690 | +0.053% | $61.6M | $296.6M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3750 | +0.190% | $249K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3686 | +0.044% | $35.9M | $63.1M | 75x | as long as short |
Reya NEARRUSDPERP
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Kraken Futures PF_NEARUSD
Popdex NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Bulk NEAR-USD
Gate NEAR_USDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3710 | +0.098% | $53.0M | $45.9M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3688 | +0.048% | $72.2M | $127.9M | 75x | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.3490 | −0.406% | $8.9M | $18.6M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3477 | −0.436% | $252K | $894K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3514 | −0.351% | $1.4M | $1.6M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3440 | −0.520% | $166K | $816K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3815 | +0.339% | $277K | $4.1M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.3681 | +0.032% | $58K | $235K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3710 | +0.098% | $1K | $1.3M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.3655 | −0.027% | $5K | $50K | 10x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3670 | +0.007% | $3.6M | $8.2M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.3741 | +0.170% | $32K | $585 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.3672 | +0.012% | $3.6M | $16.5M | 25x | as long as short |
| Aster NEARUSDT | +0.0119% | 8h | 4.3710 | +0.098% | $2.7M | $4.8M | 50x | as long as short |
| Aevo NEAR-PERP | +0.0120% | 1h | 4.3670 | +0.007% | $203K | $38K | 3x | as long as short |
| Hyperliquid NEAR | +0.0141% | 1h | 4.3721 | +0.124% | $352.7M | $315.7M | 10x | as long as short |
| Binance NEARUSDT | +0.0152% | 8h | 4.3710 | +0.098% | $264.1M | $1.09B | 75x | as long as short |
| MEXC NEAR_USDT | +0.0154% | 8h | 4.3710 | +0.098% | $90.2M | $154.4M | 200x | as long as short |
| HTX NEAR-USDT | +0.0155% | 8h | 4.3750 | +0.190% | $466K | $3.8M | 75x | as long as short |
| Kalshi KXNEARPERPlong | +0.0171% | 8h | 4.3667 | long leg | $959K | $25.1M | 2.2x | |
| BingX NEAR-USDC | +0.0171% | 8h | 4.3700 | +0.076% | — | $6.7M | — | as long as short |
| 01 Exchange NEARUSD | +0.0232% | 1h | 4.3846 | +0.410% | $13K | $7K | 10x | as long as short |
| BloFin NEAR-USDT | +0.0272% | 8h | 4.3690 | +0.053% | $13.4M | $32.2M | 75x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0342% / S −0.0240% | 1h | 4.3643 | −0.056% | $255K | — | 100x | as long as short |
| Nado NEAR-PERP | +0.0362% | 1h | 4.3761 | +0.216% | $1.7M | $3.2M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0469% | 1h | 4.3716 | +0.112% | $1.1M | $7.2M | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0488% | 1h | 4.3761 | +0.215% | $2.3M | $17.0M | 50x | as long as short |
| Lighter RH NEAR | +0.0496% | 1h | 4.3698 | +0.071% | $1.5M | $6.8M | 10x | as long as short |
| Lighter NEAR | +0.0552% | 1h | 4.3743 | +0.173% | $17.2M | $25.4M | 15x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0598% | 1h | 4.3691 | +0.055% | $1.9M | $13.1M | 25x | as long as short |
| Arcus NEAR-USD | +0.0638% | 1h | 4.3820 | +0.350% | $229K | $1.5M | 10x | as long as short |
| Pacifica NEAR | +0.0949% | 1h | 4.3748 | +0.185% | $412K | $1.4M | 10x | as long as short |
| Phoenix NEAR | +0.0949% | 1h | 4.3865 | +0.453% | $1.8M | $2.4M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0965% | 1h | 4.3815 | +0.340% | $607K | $1.4M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1107% | 1h | 4.3672 | +0.012% | $5K | $7K | 10x | as long as short |
KuCoin NEARUSDTM
Bitget NEARUSDT
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
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Extended NEAR-USD
Aster NEARUSDT
Aevo NEAR-PERP
Hyperliquid NEAR
Binance NEARUSDT
MEXC NEAR_USDT
HTX NEAR-USDT
BingX NEAR-USDC
01 Exchange NEARUSD
BloFin NEAR-USDT
GMX NEAR/USD [ETH-USDC]
Nado NEAR-PERP
Backpack NEAR_USDC_PERP
Coinbase International NEAR-PERP-INTX
Lighter RH NEAR
Lighter NEAR
Deribit NEAR_USDC-PERPETUAL
Arcus NEAR-USD
Pacifica NEAR
Phoenix NEAR
RISEx NEAR/USDC
Aftermath Perps NEARUSD