NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0025%/8h= −2.8% APRnext payment −$0.25 per $10,000 · paid last 24h +0.035%

Price spread now: BingX against Kalshi−0.665%7-day average −0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$104as in the Price arb table

costs, in and out, $10k−$400.396% of the position

Long on Kalshi Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.130%+$13 on $10k

Price spread, last 7 days+0.694%+$69 · spread now −0.665%, 7d avg −0.017%

Together, before fees+0.823%+$82 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.649% cheaper against Kalshi than usual: you would sell low and buy high (−$65 if the spread goes back to its 7-day average of −0.017%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.130%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXNEARPERP	4.5402	0.0125	pay 0.0125% / 8h	2h 56m	$860K	$25.5M	2.2x
Short	BingX NEAR-USDT	4.5100	0.0100	get 0.0100% / 8h	6h 56m	—	$82.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.665%Rate

Funding earned: −$5.34
Price spread: −0.665% → −0.017%: −$64.85
Slippage, 4 orders: −$19.62
Fee Kalshi: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$109.81
Costs to cover: 0.396%
Break-even: never at this rate

Slippage from Kalshi: live order book, 2 min ago; BingX: live order book, 7 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 Kalshi live order book, 2 min ago	8.71 bp	13.7 bp −$14	21.0 bp −$210	doesn't fit	doesn't fit
Sell BingX live order book, 7 min ago	1.10 bp	6.1 bp −$6	8.8 bp −$88	16.4 bp −$1,644	44.1 bp −$22.1K

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	4.5317	−0.188%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0139%	1h	4.5351	−0.111%	$7.4M	$38.6M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.5340	−0.137%	$110K	$53K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.5437	+0.077%	$170K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−8.793%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.5080	−0.709%	$119K	$521K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.5094	−0.677%	$2.7M	$4.7M	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.5084	−0.701%	$273.9M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.5103	−0.659%	$234.4M	$435.1M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.5090	−0.687%	$64.4M	$308.5M	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus NEAR-USD	+0.0100%	1h	4.5140	−0.577%	$233K	$1.4M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.5308	−0.208%	$261K	$3K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.5072	−0.727%	$38.8M	$61.2M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.5100	−0.665%	$82.0M	$162.5M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.5160	−0.533%	$53.7M	$45.7M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.5054	−0.766%	$74.4M	$128.5M	75x	as long as short
BingX NEAR-USDTshort	+0.0100%	8h	4.5100	−0.665%	—	$82.8M	—
Variational Omni NEAR	+0.0100%	8h	4.5317	−0.188%	$9.4M	$17.8M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.5378	−0.052%	$268K	$880K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.5362	−0.088%	$1.5M	$1.6M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.5390	−0.026%	$169K	$826K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.5370	−0.070%	$282K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.5368	−0.075%	$59K	$269K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.5410	+0.018%	$2K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.5365	−0.081%	$5K	$44K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.5320	−0.181%	$3.5M	$8.0M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.5082	−0.704%	$3.7M	$15.0M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.5380	−0.047%	$211K	$38K	3x	as long as short
Paradex NEAR-USD-PERP	+0.0109%	8h	4.5129	−0.602%	$33K	$413	10x	as long as short
Kalshi KXNEARPERPlong	+0.0125%	8h	4.5402	long leg	$860K	$25.5M	2.2x
HTX NEAR-USDT	+0.0192%	8h	4.5340	−0.137%	$478K	$3.8M	75x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.5380	−0.048%	$12.8M	$33.4M	75x	as long as short
01 Exchange NEARUSD	+0.0248%	1h	4.5071	−0.729%	$13K	$5K	10x	as long as short
Hyperliquid NEAR	+0.0248%	1h	4.5194	−0.458%	$366.9M	$321.9M	10x	as long as short
Lighter NEAR	+0.0336%	1h	4.5150	−0.554%	$17.7M	$23.4M	15x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0347% / S −0.0242%	1h	4.5333	−0.153%	$265K	—	100x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0520%	1h	4.5372	−0.066%	$2.4M	$18.0M	50x	as long as short
RISEx NEAR/USDC	+0.0569%	1h	4.5086	−0.695%	$645K	$1.6M	10x	as long as short
Lighter RH NEAR	+0.0592%	1h	4.5177	−0.496%	$1.6M	$6.0M	10x	as long as short
Nado NEAR-PERP	+0.0707%	1h	4.5315	−0.192%	$1.7M	$3.2M	10x	as long as short
Phoenix NEAR	+0.0740%	1h	4.5602	+0.441%	$1.8M	$2.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0782%	1h	4.5325	−0.170%	$1.1M	$7.2M	20x	as long as short
Pacifica NEAR	+0.0883%	1h	4.5151	−0.553%	$426K	$1.4M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1140%	1h	4.5388	−0.031%	$2.0M	$13.1M	25x	as long as short
Aftermath Perps NEARUSD	+0.1258%	1h	4.5358	−0.098%	$6K	$7K	10x	as long as short