Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0941%/8h= +103.1% APRpaid last 24h +0.354%

Price spread now: Aftermath Perps against Kalshi−0.037%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Kalshi Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Aftermath Perps is 0.037% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.037% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 3 hours of funding at the current rate (+$28 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXNEARPERP	4.3586	0.0173	pay 0.0173% / 8h	4h 10m	$974K	$25.1M	2.2x
Short	Aftermath Perps NEARUSD	4.3570	0.1114	get 0.0139% / 1h	10m 11s	$5K	$7K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Kalshi. 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 KalshibpFee Aftermath PerpsbpOrdersPrice spread, now −0.037%Rate

Funding earned: $197.7
Price spread: −0.037% → 0.000%: −$3.7
Slippage, 4 orders: no order book: not counted
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $175.01
Costs to cover: 0.190%
Break-even: 0.8 days

Slippage unknown: Kalshi: live order book, 4 min ago; Aftermath Perps: no order-book sample. 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 Kalshi live order book, 4 min ago	4.58 bp	15.6 bp −$16	21.2 bp −$212	doesn't fit	doesn't fit
Sell Aftermath Perps no order-book sample	—	—	—	—	—

Aftermath Perps: 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	4.3639	+0.122%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3600	+0.033%	$107K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3660	+0.170%	$163K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0017%	1h	4.3663	+0.178%	$7.1M	$38.2M	50x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.992%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3610	+0.055%	$113K	$498K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3671	+0.195%	$220.5M	$428.4M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3650	+0.147%	$61.3M	$295.7M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3601	+0.033%	$248K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3655	+0.158%	$35.8M	$62.9M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NEARUSDTM	+0.0100%	8h	4.3680	+0.216%	$53.0M	$46.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3662	+0.174%	$72.2M	$127.8M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3490	−0.221%	$8.9M	$18.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3647	+0.139%	$253K	$902K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3469	−0.269%	$1.4M	$1.6M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3540	−0.106%	$166K	$816K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3646	+0.138%	$278K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3682	+0.220%	$58K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3680	+0.216%	$1K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3680	+0.216%	$5K	$50K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3680	+0.216%	$3.6M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3572	−0.031%	$31K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3664	+0.180%	$3.6M	$16.6M	25x	as long as short
Aevo NEAR-PERP	+0.0120%	1h	4.3695	+0.250%	$203K	$38K	3x	as long as short
Aster NEARUSDT	+0.0124%	8h	4.3667	+0.187%	$2.7M	$4.8M	50x	as long as short
Hyperliquid NEAR	+0.0137%	1h	4.3703	+0.268%	$352.2M	$316.2M	10x	as long as short
HTX NEAR-USDT	+0.0154%	8h	4.3690	+0.239%	$465K	$3.8M	75x	as long as short
Binance NEARUSDT	+0.0156%	8h	4.3689	+0.237%	$264.6M	$1.09B	75x	as long as short
MEXC NEAR_USDT	+0.0159%	8h	4.3680	+0.216%	$87.9M	$153.6M	200x	as long as short
BingX NEAR-USDC	+0.0171%	8h	4.3660	+0.170%	—	$6.7M	—	as long as short
Kalshi KXNEARPERPlong	+0.0173%	8h	4.3586	long leg	$974K	$25.1M	2.2x
01 Exchange NEARUSD	+0.0232%	1h	4.3630	+0.101%	$13K	$7K	10x	as long as short
BloFin NEAR-USDT	+0.0279%	8h	4.3500	−0.197%	$13.3M	$32.1M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0340% / S −0.0239%	1h	4.3660	+0.171%	$253K	—	100x	as long as short
Nado NEAR-PERP	+0.0377%	1h	4.3665	+0.182%	$1.7M	$3.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0460%	1h	4.3703	+0.268%	$1.0M	$7.1M	20x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.3692	+0.243%	$2.3M	$17.0M	50x	as long as short
Lighter RH NEAR	+0.0504%	1h	4.3724	+0.317%	$1.5M	$6.7M	10x	as long as short
Lighter NEAR	+0.0552%	1h	4.3731	+0.332%	$17.2M	$25.4M	15x	as long as short
Arcus NEAR-USD	+0.0638%	1h	4.3630	+0.101%	$228K	$1.5M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0826%	1h	4.3712	+0.289%	$1.9M	$13.1M	25x	as long as short
Pacifica NEAR	+0.0949%	1h	4.3598	+0.029%	$411K	$1.4M	10x	as long as short
Phoenix NEAR	+0.0949%	1h	4.3782	+0.450%	$1.8M	$2.4M	10x	as long as short
RISEx NEAR/USDC	+0.0965%	1h	4.3631	+0.104%	$607K	$1.4M	10x	as long as short
Aftermath Perps NEARUSDshort	+0.1114%	1h	4.3570	−0.037%	$5K	$7K	10x