NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.021%

Price spread now: Kalshi against Bybit+0.199%7-day average +0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$490.486% of the position

Long on Bybit Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.148%−$15 on $10k

Price spread, last 7 days−0.054%−$5 · spread now +0.199%, 7d avg +0.035%

Together, before fees−0.202%−$20 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.164% dearer against Bybit than usual: you sell high and buy low (spread +0.199% now, against its 7-day average of +0.035%): +$16 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit NEARUSDT	4.3660	0.0100	pay 0.0100% / 8h	5h 47m	$220.6M	$416.6M	75x
Short	Kalshi KXNEARPERP	4.3747	0	get 0.0000% / 8h	1h 47m	$561K	$19.3M	2.2x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Bybit. 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 BybitbpFee KalshibpOrdersPrice spread, now +0.199%Rate

Funding earned: −$21
Price spread: +0.199% → +0.035%: $16.4
Slippage, 4 orders: −$27.58
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$53.18
Costs to cover: 0.486%
Break-even: never at this rate

Slippage from Bybit: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bybit live order book, 1 min ago	1.15 bp	8.3 bp −$8	13.6 bp −$136	40.3 bp −$4,032	175.6 bp −$87.8K
Sell Kalshi live order book, 1 min ago	9.71 bp	14.7 bp −$15	18.8 bp −$188	doesn't fit	doesn't fit

NEAR on 44 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	4.3707	+0.107%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.3700	+0.092%	$2.2M	$14.1M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3708	+0.110%	$108K	$70K	10x	as long as short
Kalshi KXNEARPERPshort	0.0000%	8h	4.3747	+0.199%	$561K	$19.3M	2.2x
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3708	+0.110%	$198K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.153%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3770	+0.252%	$115K	$484K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3705	+0.103%	$413K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3656	−0.010%	$265.4M	$1.07B	75x	as long as short
Bybit NEARUSDTlong	+0.0100%	8h	4.3660	long leg	$220.6M	$416.6M	75x

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3670	+0.023%	$62.3M	$288.7M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3657	−0.007%	$249K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3634	−0.060%	$31.4M	$61.8M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3650	−0.023%	$75.3M	$140.0M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3620	−0.092%	$54.4M	$44.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3694	+0.078%	$71.8M	$126.1M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3640	−0.046%	—	$144.1M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3926	+0.610%	$8.5M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3800	+0.322%	$268K	$994K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3910	+0.573%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3790	+0.298%	$195K	$778K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3744	+0.192%	$206K	$3.6M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3638	−0.050%	$60K	$190K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3780	+0.275%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3625	−0.080%	$5K	$50K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3850	+0.435%	$458K	$3.8M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3630	−0.069%	$3.8M	$8.1M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3732	+0.166%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3570	−0.207%	$3.8M	$18.5M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3645	−0.034%	$203K	$34K	3x	as long as short
Aster NEARUSDT	+0.0193%	8h	4.3636	−0.056%	$3.0M	$5.5M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0254%	1h	4.3657	−0.007%	$1.9M	$4.3M	25x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0349% / S −0.0244%	1h	4.3707	+0.108%	$256K	—	100x	as long as short
Nado NEAR-PERP	+0.0385%	1h	4.3725	+0.149%	$1.9M	$3.0M	10x	as long as short
01 Exchange NEARUSD	+0.0392%	1h	4.3790	+0.298%	$13K	$7K	10x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.3810	+0.344%	$209K	$1.7M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0671%	1h	4.3640	−0.046%	$1.4M	$6.4M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0706%	1h	4.3663	+0.007%	$8.1M	$41.0M	50x	as long as short
Lighter RH NEAR	+0.0760%	1h	4.3702	+0.096%	$1.6M	$6.9M	10x	as long as short
Hyperliquid NEAR	+0.0772%	1h	4.3752	+0.211%	$368.4M	$304.7M	10x	as long as short
Phoenix NEAR	+0.0855%	1h	4.3944	+0.650%	$1.8M	$2.7M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.3789	+0.296%	$552K	$1.3M	10x	as long as short
Lighter NEAR	+0.1232%	1h	4.3731	+0.162%	$17.5M	$25.6M	15x	as long as short
Aftermath Perps NEARUSD	+0.1730%	1h	4.3793	+0.304%	$6K	$12K	10x	as long as short