Funding you earn now, next payment 09:00 UTC+0.0047%/8h= +5.2% APRpaid last 24h −0.030%
Price spread now: Kalshi against Bulk+0.070%7-day average +0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$520.523% of the position
Funding, last 4 days (all we have)−0.113%−$11 on $10k
+Price spread, last 4 days (all we have)+2.075%+$207 · spread now +0.070%, 7d avg +0.002%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Kalshi is 0.068% dearer against Bulk than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.002%. Mind the row above: over the last 4 days funding on this pair cost −0.113%, 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 | Bulk NEAR-USD | 4.3708 | 0.0100 | pay 0.0013% / 1h | 36m 39s | $252K | $3K | 10x |
| Short | Kalshi KXNEARPERP | 4.3739 | 0.0147 | get 0.0147% / 8h | 3h 36m | $866K | $25.5M | 2.2x |
Bulk NEAR-USD
Kalshi KXNEARPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi against Bulk. 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
- $9.96
- Price spread: +0.070% → +0.002%
- $6.79
- Slippage, 4 orders
- −$35.26
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- −$35.52
- Costs to cover
- 0.523%
- Break-even
- 32.0 days
Slippage from Bulk: live order book, 62 min ago; Kalshi: live order book, 2 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 Bulk live order book, 62 min ago | 11.56 bp | 15.1 bp −$15 | 15.1 bp −$151 | 22.2 bp −$2,224 | 47.8 bp −$23.9K |
| Sell Kalshi live order book, 2 min ago | 6.07 bp | 11.1 bp −$11 | 18.5 bp −$185 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_NEARUSD | −0.0432% | 1h | 4.3712 | +0.008% | $7.2M | $38.7M | 50x | as long as short |
| Reya NEARRUSDPERP | −0.0171% | 1h | 4.3715 | +0.016% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3700 | −0.020% | $107K | $66K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.3703 | −0.012% | $164K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −5.258% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3740 | +0.072% | $119K | $504K | 50x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.3699 | −0.021% | $2.7M | $4.8M | 50x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3710 | +0.004% | $220.3M | $428.1M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3700 | −0.019% | $61.6M | $295.4M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.3810 | +0.233% | $221K | $1.5M | 10x | as long as short |
Kraken Futures PF_NEARUSD
Reya NEARRUSDPERP
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Aster NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Arcus 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 | 4.3687 | −0.049% | $36.5M | $62.1M | 75x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3690 | −0.042% | $52.5M | $45.5M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3680 | −0.065% | $72.1M | $127.9M | 75x | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.3698 | −0.024% | $9.0M | $18.2M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3747 | +0.089% | $254K | $893K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3650 | −0.133% | $1.4M | $1.6M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3740 | +0.072% | $165K | $826K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3735 | +0.061% | $273K | $4.1M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.3719 | +0.024% | $56K | $239K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3860 | +0.347% | $2K | $1.3M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.3720 | +0.027% | $5K | $50K | 10x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3730 | +0.050% | $3.5M | $8.1M | 50x | as long as short |
| Bulk NEAR-USDlong | +0.0100% | 1h | 4.3708 | long leg | $252K | $3K | 10x | |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.3712 | +0.008% | $32K | $585 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.3693 | −0.034% | $3.6M | $15.7M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.3726 | +0.040% | $203K | $40K | 3x | as long as short |
| Binance NEARUSDT | +0.0106% | 8h | 4.3711 | +0.006% | $263.8M | $1.09B | 75x | as long as short |
| MEXC NEAR_USDT | +0.0107% | 8h | 4.3720 | +0.027% | $90.7M | $157.1M | 200x | as long as short |
| BingX NEAR-USDT | +0.0118% | 8h | 4.3700 | −0.019% | — | $83.5M | — | as long as short |
| Kalshi KXNEARPERPshort | +0.0147% | 8h | 4.3739 | +0.070% | $866K | $25.5M | 2.2x | |
| Hyperliquid NEAR | +0.0216% | 1h | 4.3737 | +0.066% | $353.4M | $316.2M | 10x | as long as short |
| BloFin NEAR-USDT | +0.0228% | 8h | 4.3750 | +0.095% | $12.5M | $32.4M | 75x | as long as short |
| Nado NEAR-PERP | +0.0278% | 1h | 4.3731 | +0.051% | $1.7M | $3.2M | 10x | as long as short |
| 01 Exchange NEARUSD | +0.0320% | 1h | 4.3827 | +0.271% | $13K | $7K | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0352% / S −0.0255% | 1h | 4.3702 | −0.014% | $257K | — | 100x | as long as short |
| HTX NEAR-USDT | +0.0378% | 8h | 4.3790 | +0.187% | $463K | $3.7M | 75x | as long as short |
| Lighter RH NEAR | +0.0448% | 1h | 4.3738 | +0.068% | $1.5M | $6.4M | 10x | as long as short |
| Lighter NEAR | +0.0472% | 1h | 4.3738 | +0.068% | $17.3M | $23.9M | 15x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0488% | 1h | 4.3820 | +0.255% | $2.3M | $17.2M | 50x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0526% | 1h | 4.3747 | +0.088% | $1.1M | $7.1M | 20x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0596% | 1h | 4.3747 | +0.088% | $1.9M | $13.1M | 25x | as long as short |
| RISEx NEAR/USDC | +0.0656% | 1h | 4.3796 | +0.200% | $595K | $1.5M | 10x | as long as short |
| Pacifica NEAR | +0.0701% | 1h | 4.3699 | −0.021% | $412K | $1.4M | 10x | as long as short |
| Phoenix NEAR | +0.0740% | 1h | 4.3762 | +0.123% | $1.8M | $2.4M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1053% | 1h | 4.3798 | +0.206% | $5K | $7K | 10x | as long as short |
Gate NEAR_USDT
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
Aevo NEAR-PERP
Binance NEARUSDT
MEXC NEAR_USDT
BingX NEAR-USDT
Hyperliquid NEAR
BloFin NEAR-USDT
Nado NEAR-PERP
01 Exchange NEARUSD
GMX NEAR/USD [ETH-USDC]
HTX NEAR-USDT
Lighter RH NEAR
Lighter NEAR
Coinbase International NEAR-PERP-INTX
Backpack NEAR_USDC_PERP
Deribit NEAR_USDC-PERPETUAL
RISEx NEAR/USDC
Pacifica NEAR
Phoenix NEAR
Aftermath Perps NEARUSD