Funding you earn now, next payment 05:00 UTC−0.0150%/8h= −16.4% APRpaid last 24h +0.030%
Price spread now: Polymarket Perps against Kalshi−0.021%7-day average +0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$370.374% of the position
Funding, last 7 days+0.181%+$18 on $10k
+Price spread, last 7 days−0.108%−$11 · spread now −0.021%, 7d avg +0.014%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Polymarket Perps is 0.035% cheaper against Kalshi than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.014%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.181%, 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 | 4.2956 | 0.0250 | pay 0.0250% / 8h | 7h 04m | $776K | $23.9M | 2.2x |
| Short | Polymarket Perps NEAR-USD | 4.2947 | 0.0100 | get 0.0013% / 1h | 4m 02s | $268K | $3.9M | 10x |
Kalshi KXNEARPERP
Polymarket Perps NEAR-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- −$31.42
- Price spread: −0.021% → +0.014%
- −$3.53
- Slippage, 4 orders
- −$19.38
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$72.32
- Costs to cover
- 0.374%
- Break-even
- never at this rate
Slippage from Kalshi: live order book, 5 min ago; Polymarket Perps: 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, 5 min ago | 3.82 bp | 8.8 bp −$9 | 18.7 bp −$187 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 5 min ago | 3.36 bp | 8.2 bp −$8 | 11.9 bp −$119 | 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 | 4.2909 | −0.109% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.2946 | −0.022% | $106K | $68K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.2893 | −0.146% | $161K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −3.599% | $578 | $301K | 12x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0056% | 1h | 4.2940 | −0.037% | $2.3M | $15.7M | 50x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.2910 | −0.107% | $110K | $501K | 50x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.2970 | +0.033% | $262.0M | $1.09B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.2933 | −0.054% | $212.6M | $426.3M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.2940 | −0.037% | $60.8M | $285.6M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3449 | +1.148% | $248K | −$0 | 10x | as long as short |
Reya NEARRUSDPERP
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Coinbase International NEAR-PERP-INTX
Popdex NEARUSDT
Binance NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Bulk NEAR-USDShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate NEAR_USDT | +0.0100% | 8h | 4.2919 | −0.086% | $31.9M | $62.6M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.2950 | −0.014% | $73.2M | $147.6M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.2920 | −0.084% | $53.3M | $45.7M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.2935 | −0.049% | $71.0M | $127.5M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.2960 | +0.009% | — | $6.7M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.2987 | +0.073% | $8.1M | $17.9M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3144 | +0.437% | $252K | $948K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3190 | +0.545% | $1.4M | $1.5M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3190 | +0.545% | $166K | $794K | 50x | as long as short |
| Polymarket Perps NEAR-USDshort | +0.0100% | 1h | 4.2947 | −0.021% | $268K | $3.9M | 10x | |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.2903 | −0.123% | $57K | $246K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3000 | +0.102% | $2K | $1.4M | 20x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.2990 | +0.079% | $460K | $3.9M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.2950 | −0.014% | $3.6M | $8.3M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.2926 | −0.071% | $31K | $608 | 10x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.2915 | −0.095% | $200K | $37K | 3x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.2990 | +0.079% | $13.4M | $31.7M | 75x | as long as short |
| Kalshi KXNEARPERPlong | +0.0250% | 8h | 4.2956 | long leg | $776K | $23.9M | 2.2x | |
| Pacifica NEAR | +0.0263% | 1h | 4.2979 | +0.054% | $397K | $1.3M | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0322% / S −0.0198% | 1h | 4.2885 | −0.166% | $232K | — | 100x | as long as short |
| SoDEX NEAR-USD | +0.0324% | 1h | 4.2875 | −0.189% | $6K | $53K | 10x | as long as short |
| Aster NEARUSDT | +0.0332% | 8h | 4.2970 | +0.033% | $2.8M | $5.5M | 50x | as long as short |
| 01 Exchange NEARUSD | +0.0528% | 1h | 4.2956 | 0.000% | $13K | $7K | 10x | as long as short |
| Extended NEAR-USD | +0.0560% | 1h | 4.2872 | −0.196% | $3.7M | $19.8M | 25x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0563% | 1h | 4.2966 | +0.023% | $1.3M | $6.8M | 20x | as long as short |
| Nado NEAR-PERP | +0.0568% | 1h | 4.2905 | −0.119% | $1.8M | $3.1M | 10x | as long as short |
| Hyperliquid NEAR | +0.0569% | 1h | 4.2979 | +0.054% | $351.8M | $313.0M | 10x | as long as short |
| Arcus NEAR-USD | +0.0627% | 1h | 4.2990 | +0.079% | $211K | $1.6M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0706% | 1h | 4.2910 | −0.107% | $1.9M | $9.9M | 25x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0719% | 1h | 4.2883 | −0.170% | $7.5M | $38.9M | 50x | as long as short |
| Lighter RH NEAR | +0.0904% | 1h | 4.2999 | +0.100% | $1.5M | $7.4M | 10x | as long as short |
| Phoenix NEAR | +0.0941% | 1h | 4.3300 | +0.801% | $1.8M | $2.8M | 10x | as long as short |
| Lighter NEAR | +0.1032% | 1h | 4.3015 | +0.137% | $17.3M | $25.1M | 15x | as long as short |
| RISEx NEAR/USDC | +0.1162% | 1h | 4.2947 | −0.022% | $669K | $1.3M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1540% | 1h | 4.3126 | +0.396% | $5K | $12K | 10x | as long as short |
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDC
Variational Omni NEAR
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
HTX NEAR-USDT
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Aevo NEAR-PERP
BloFin NEAR-USDT
Pacifica NEAR
GMX NEAR/USD [ETH-USDC]
SoDEX NEAR-USD
Aster NEARUSDT
01 Exchange NEARUSD
Extended NEAR-USD
Backpack NEAR_USDC_PERP
Nado NEAR-PERP
Hyperliquid NEAR
Arcus NEAR-USD
Deribit NEAR_USDC-PERPETUAL
Kraken Futures PF_NEARUSD
Lighter RH NEAR
Phoenix NEAR
Lighter NEAR
RISEx NEAR/USDC
Aftermath Perps NEARUSD