Settings8H · net · $10k
Funding arb · Price arb /

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0286%/8h= −31.3% APRnext payment $2.86 per $10,000 · paid last 24h −0.035%
Price spread now: Kalshi against Aster+0.003%7-day average −0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$65as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$430.429% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.224%−$22 on $10k
Price spread, last 7 days+0.088%+$9 · spread now +0.003%, 7d avg −0.030%
Together, before fees−0.136%+ Points / potential airdropAster: Stage 5 · farm board−$14 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Kalshi is 0.033% dearer against Aster than usual: you sell high and buy low (spread +0.003% now, against its 7-day average of −0.030%): +$3 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 7 days (−0.224% in total) that is about 25 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster NEARUSDT4.47070.0286pay 0.0286% / 8h5h 02m$3.1M$5.6M50x
ShortKalshi KXNEARPERP4.47080get 0.0000% / 8h1h 02m$543K$21.9M2.2x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kalshi against Aster. 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

Funding earned
−$60.02
Price spread: +0.003% → −0.030%
$3.31
Slippage, 4 orders
−$24.87
Fee Aster: 4 bp × 2 orders
−$8
Fee Kalshi: 5 bp × 2 orders
−$10
Net
−$99.58
Costs to cover
0.429%
Break-even
never at this rate
Slippage from Aster: live order book, 1 min ago; Kalshi: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 1 min ago2.23 bp9.6 bp −$1020.1 bp −$201doesn't fitdoesn't fit
Sell Kalshi live order book, 1 min ago8.04 bp13.0 bp −$1322.0 bp −$220doesn't fitdoesn't fit

NEAR on 45 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya NEARRUSDPERP−0.0171%1h4.4750+0.097%$2K20xas long as short
Coinbase International NEAR-PERP-INTX−0.0016%1h4.4728+0.048%$2.2M$15.5M50xas long as short
dYdX NEAR-USD0.0000%1h4.4719+0.028%$110K$70K10xas long as short
Kalshi KXNEARPERPshort0.0000%8h4.4708+0.003%$543K$21.9M2.2x
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.4760+0.119%$168K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−7.374%$578$302K12xas long as short
Popdex NEARUSDT+0.0096%1h4.4750+0.097%$116K$516K50xas long as short
Pacifica NEAR+0.0100%1h4.4737+0.068%$427K$1.2M10xas long as short
Binance NEARUSDT+0.0100%8h4.4740+0.075%$273.6M$1.12B75xas long as short
Bybit NEARUSDT+0.0100%8h4.4694−0.028%$223.6M$429.3M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX NEAR-USDT-SWAP+0.0100%8h4.4700−0.015%$63.8M$306.6M50xas long as short
Bulk NEAR-USD+0.0100%1h4.4470−0.530%$253K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.4727+0.045%$32.4M$65.4M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.4730+0.052%$76.0M$150.9M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.4740+0.075%$55.4M$46.2M75xas long as short
Bitget NEARUSDT+0.0100%8h4.4741+0.077%$73.7M$131.2M75xas long as short
BingX NEAR-USDT+0.0100%8h4.4720+0.030%$147.3Mas long as short
Variational Omni NEAR+0.0100%8h4.4486−0.493%$8.6M$18.2Mas long as short
edgeX NEARUSDC+0.0100%4h4.4501−0.459%$267K$977K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.4479−0.510%$1.5M$1.4M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.4460−0.552%$171K$797K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.4777+0.157%$250K$3.9M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.4721+0.032%$57K$237K20xas long as short
SunX NEAR-USDT+0.0100%8h4.4830+0.276%$2K$1.4M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.4710+0.007%$8K$53K10xas long as short
HTX NEAR-USDT+0.0100%8h4.4730+0.052%$460K$4.1M75xas long as short
Phemex NEARUSDT+0.0100%8h4.4670−0.082%$3.8M$8.4M50xas long as short
Paradex NEAR-USD-PERP+0.0102%8h4.4691−0.035%$32K$60810xas long as short
Aevo NEAR-PERP+0.0104%1h4.4731+0.055%$208K$40K3xas long as short
Extended NEAR-USD+0.0208%1h4.4710+0.006%$4.0M$19.5M25xas long as short
BloFin NEAR-USDT+0.0220%8h4.4680−0.060%$14.4M$33.6M75xas long as short
Aster NEARUSDTlong+0.0286%8h4.4707long leg$3.1M$5.6M50x
GMX NEAR/USD [ETH-USDC]L +0.0354% / S −0.0235%1h4.4756+0.111%$268K100xas long as short
01 Exchange NEARUSD+0.0376%1h4.4776+0.155%$13K$7K10xas long as short
Arcus NEAR-USD+0.0410%1h4.4810+0.231%$216K$1.8M10xas long as short
Nado NEAR-PERP+0.0470%1h4.4736+0.065%$1.9M$3.2M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0533%1h4.4760+0.119%$2.0M$4.5M25xas long as short
Backpack NEAR_USDC_PERP+0.0539%1h4.4733+0.059%$1.4M$6.7M20xas long as short
Kraken Futures PF_NEARUSD+0.0690%1h4.4674−0.072%$8.3M$41.3M50xas long as short
Lighter RH NEAR+0.0704%1h4.4744+0.084%$1.6M$7.2M10xas long as short
Hyperliquid NEAR+0.0765%1h4.4772+0.146%$372.5M$326.7M10xas long as short
Phoenix NEAR+0.0855%1h4.4578−0.288%$1.8M$2.7M10xas long as short
RISEx NEAR/USDC+0.0924%1h4.4777+0.158%$574K$1.4M10xas long as short
Lighter NEAR+0.1120%1h4.4754+0.105%$18.0M$27.1M15xas long as short
Aftermath Perps NEARUSD+0.1611%1h4.4908+0.451%$6K$12K10xas long as short