Funding you earn now, next payment 04:00 UTC−0.0099%/8h= −10.9% APRnext payment −$0.99 per $10,000 · paid last 24h −0.030%
Price spread now: Kalshi against Orderly−0.327%52s7-day average −0.042% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.160%−$16 on $10k
+Price spread, last 3 days (all we have)+0.188%+$19 · spread now −0.327%, 7d avg −0.042%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Kalshi is 0.286% cheaper against Orderly than usual: you would sell low and buy high (−$29 if the spread goes back to its 7-day average of −0.042%). Swap the legs. The two prices were read 52 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 | Orderly PERP_NEAR_USDC | 4.3393 | 0.0099 | pay 0.0099% / 8h | 6h 37m | $58K | $161K | 20x |
| Short | Kalshi KXNEARPERP | 4.3251 | 0 | get 0.0000% / 8h | 2h 37m | $517K | $19.5M | 2.2x |
Orderly PERP_NEAR_USDC
Kalshi KXNEARPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi against Orderly. 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
- −$20.87
- Price spread: −0.327% → −0.042%
- −$28.57
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- −$65.44
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Kalshi: live order book, 2 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Kalshi live order book, 2 min ago | 5.07 bp | 11.9 bp −$12 | 18.7 bp −$187 | doesn't fit | doesn't fit |
Orderly: 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 | 4.3381 | −0.028% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0064% | 1h | 4.3313 | −0.184% | $2.1M | $13.5M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3382 | −0.026% | $108K | $69K | 10x | as long as short |
| Kalshi KXNEARPERPshort | 0.0000% | 8h | 4.3251 | −0.327% | $517K | $19.5M | 2.2x | |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.3399 | +0.015% | $201K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −4.570% | $578 | $302K | 12x | as long as short |
| Variational Omni NEAR | +0.0043% | 8h | 4.3108 | −0.656% | $8.2M | $19.1M | — | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3430 | +0.085% | $116K | $478K | 50x | as long as short |
| Orderly PERP_NEAR_USDClong | +0.0099% | 8h | 4.3393 | long leg | $58K | $161K | 20x | |
| Pacifica NEAR | +0.0100% | 1h | 4.3385 | −0.018% | $410K | $1.2M | 10x | as long as short |
Reya NEARRUSDPERP
Coinbase International NEAR-PERP-INTX
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Variational Omni NEAR
Popdex NEARUSDT
Pacifica NEARShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance NEARUSDT | +0.0100% | 8h | 4.3420 | +0.062% | $259.4M | $1.06B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3385 | −0.018% | $220.7M | $419.8M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3380 | −0.030% | $61.2M | $281.2M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.3470 | +0.177% | $206K | $1.8M | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3300 | −0.214% | $247K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3403 | +0.023% | $31.2M | $60.6M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.3400 | +0.016% | $75.7M | $137.9M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3440 | +0.108% | $55.8M | $42.8M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3382 | −0.025% | $71.9M | $123.7M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.3390 | −0.007% | — | $6.6M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3236 | −0.361% | $260K | $1.0M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3339 | −0.123% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3230 | −0.376% | $179K | $775K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3434 | +0.094% | $214K | $3.5M | 10x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3480 | +0.200% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.3232 | −0.371% | $5K | $51K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.3440 | +0.108% | $442K | $3.9M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3270 | −0.283% | $3.8M | $8.3M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.3371 | −0.051% | $31K | $608 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.3419 | +0.061% | $3.8M | $17.3M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.3384 | −0.021% | $202K | $34K | 3x | as long as short |
| Aster NEARUSDT | +0.0112% | 8h | 4.3482 | +0.204% | $3.0M | $5.8M | 50x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0219% | 1h | 4.3242 | −0.349% | $7.9M | $39.9M | 50x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.3220 | −0.399% | $13.2M | $27.6M | 75x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0305% | 1h | 4.3257 | −0.313% | $1.9M | $4.1M | 25x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0360% / S −0.0278% | 1h | 4.3392 | −0.003% | $260K | — | 100x | as long as short |
| 01 Exchange NEARUSD | +0.0368% | 1h | 4.3475 | +0.189% | $13K | $7K | 10x | as long as short |
| Nado NEAR-PERP | +0.0442% | 1h | 4.3430 | +0.085% | $1.9M | $3.1M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0509% | 1h | 4.3479 | +0.198% | $544K | $1.3M | 10x | as long as short |
| Phoenix NEAR | +0.0592% | 1h | 4.3434 | +0.094% | $1.8M | $2.6M | 10x | as long as short |
| Lighter RH NEAR | +0.0656% | 1h | 4.3457 | +0.147% | $1.6M | $6.9M | 10x | as long as short |
| Hyperliquid NEAR | +0.0742% | 1h | 4.3467 | +0.171% | $364.9M | $303.4M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0790% | 1h | 4.3325 | −0.157% | $1.4M | $6.0M | 20x | as long as short |
| Lighter NEAR | +0.1432% | 1h | 4.3457 | +0.148% | $17.3M | $24.7M | 15x | as long as short |
| Aftermath Perps NEARUSD | +0.1439% | 1h | 4.3261 | −0.303% | $5K | $12K | 10x | as long as short |
Binance NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Arcus NEAR-USD
Bulk NEAR-USD
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDC
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
SunX NEAR-USDT
SoDEX NEAR-USD
HTX NEAR-USDT
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Extended NEAR-USD
Aevo NEAR-PERP
Aster NEARUSDT
Kraken Futures PF_NEARUSD
BloFin NEAR-USDT
Deribit NEAR_USDC-PERPETUAL
GMX NEAR/USD [ETH-USDC]
01 Exchange NEARUSD
Nado NEAR-PERP
RISEx NEAR/USDC
Phoenix NEAR
Lighter RH NEAR
Hyperliquid NEAR
Backpack NEAR_USDC_PERP
Lighter NEAR
Aftermath Perps NEARUSD