Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0161%/8h= +17.6% APRpaid last 24h −0.030%

Price spread now: Kalshi against ApeX Omni−0.644%7-day average −0.099% · you buy dearer than you sell

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$108as in the Price arb table

costs, in and out, $10k−$540.539% of the position

Long on ApeX Omni Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.209%−$21 on $10k

Price spread, last 4 days (all we have)+0.231%+$23 · spread now −0.644%, 7d avg −0.099%

Together, before fees+0.023%+$2 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kalshi is 0.545% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.644% now, against its 7-day average of −0.099%). If the spread goes back, that is −$54 on $10k: about 11 days of funding at the current rate (+$5 a day). Mind the row above: over the last 7 days funding on this pair cost −0.209%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni NEARUSDT	4.3190	0.0100	pay 0.0013% / 1h	4m 53s	$166K	$794K	50x
Short	Kalshi KXNEARPERP	4.2912	0.0261	get 0.0261% / 8h	7h 04m	$781K	$23.9M	2.2x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against ApeX Omni. 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 ApeX OmnibpFee KalshibpOrdersPrice spread, now −0.644%Rate

Funding earned: $33.74
Price spread: −0.644% → −0.099%: −$54.47
Slippage, 4 orders: −$33.89
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$74.63
Costs to cover: 0.539%
Break-even: 22.5 days

Slippage from ApeX Omni: live order book, 49 min ago; Kalshi: 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 ApeX Omni live order book, 49 min ago	5.74 bp	18.5 bp −$19	117.2 bp −$1,172	doesn't fit	doesn't fit
Sell Kalshi live order book, 4 min ago	3.82 bp	13.0 bp −$13	20.3 bp −$203	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	4.2933	−0.595%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2890	−0.695%	$106K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.2913	−0.641%	$161K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.121%	$578	$301K	12x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0056%	1h	4.2921	−0.623%	$2.3M	$15.7M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2900	−0.671%	$110K	$501K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2980	−0.486%	$262.5M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.2922	−0.621%	$212.7M	$426.4M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2920	−0.625%	$60.8M	$285.5M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3449	+0.600%	$248K	−$0	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NEAR_USDT	+0.0100%	8h	4.2930	−0.602%	$31.9M	$62.6M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2970	−0.509%	$73.5M	$147.6M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2980	−0.486%	$53.4M	$45.7M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2952	−0.551%	$71.0M	$127.6M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.2950	−0.556%	—	$144.4M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.2987	−0.469%	$8.1M	$17.9M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3144	−0.107%	$252K	$948K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3190	0.000%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDTlong	+0.0100%	1h	4.3190	long leg	$166K	$794K	50x
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2947	−0.563%	$269K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2918	−0.630%	$57K	$246K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3020	−0.394%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3000	−0.440%	$461K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2950	−0.556%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2889	−0.696%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2938	−0.585%	$200K	$37K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2990	−0.463%	$13.4M	$31.7M	75x	as long as short
Kalshi KXNEARPERPshort	+0.0261%	8h	4.2912	−0.644%	$781K	$23.9M	2.2x
Pacifica NEAR	+0.0263%	1h	4.2927	−0.608%	$396K	$1.3M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0322% / S −0.0198%	1h	4.2918	−0.631%	$232K	—	100x	as long as short
SoDEX NEAR-USD	+0.0329%	1h	4.2905	−0.660%	$6K	$53K	10x	as long as short
Aster NEARUSDT	+0.0334%	8h	4.2960	−0.533%	$2.8M	$5.5M	50x	as long as short
01 Exchange NEARUSD	+0.0528%	1h	4.2959	−0.535%	$13K	$7K	10x	as long as short
Extended NEAR-USD	+0.0560%	1h	4.2947	−0.562%	$3.7M	$19.8M	25x	as long as short
Backpack NEAR_USDC_PERP	+0.0563%	1h	4.2974	−0.500%	$1.3M	$6.8M	20x	as long as short
Nado NEAR-PERP	+0.0567%	1h	4.2900	−0.671%	$1.8M	$3.1M	10x	as long as short
Hyperliquid NEAR	+0.0576%	1h	4.2981	−0.484%	$351.9M	$313.0M	10x	as long as short
Arcus NEAR-USD	+0.0627%	1h	4.2960	−0.533%	$211K	$1.6M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0659%	1h	4.2930	−0.602%	$1.9M	$9.9M	25x	as long as short
Kraken Futures PF_NEARUSD	+0.0718%	1h	4.2904	−0.663%	$7.5M	$38.9M	50x	as long as short
Lighter RH NEAR	+0.0920%	1h	4.3017	−0.401%	$1.5M	$7.4M	10x	as long as short
Phoenix NEAR	+0.0941%	1h	4.3300	+0.255%	$1.8M	$2.8M	10x	as long as short
Lighter NEAR	+0.1048%	1h	4.3032	−0.366%	$17.4M	$25.1M	15x	as long as short
RISEx NEAR/USDC	+0.1162%	1h	4.2937	−0.587%	$668K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1539%	1h	4.3173	−0.039%	$5K	$12K	10x	as long as short