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

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0106%/8h= −11.6% APRnext payment $1.06 per $10,000 · paid last 24h +0.030%
Price spread now: Bitget against Kalshi−0.106%7-day average −0.040% · you buy dearer than you sell
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$400.395% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.149%+$15 on $10k
Price spread, last 7 days+0.011%+$1 · spread now −0.106%, 7d avg −0.040%
Together, before fees+0.160%+$16 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bitget is 0.066% cheaper against Kalshi than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.040%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.149%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKalshi KXNEARPERP4.34060.0206pay 0.0206% / 8h4h 55m$944K$25.1M2.2x
ShortBitget NEARUSDT4.33600.0100get 0.0100% / 8h55m 08s$71.8M$128.2M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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

Funding earned
−$22.16
Price spread: −0.106% → −0.040%
−$6.63
Slippage, 4 orders
−$17.51
Fee Kalshi: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$68.3
Costs to cover
0.395%
Break-even
never at this rate
Slippage from Kalshi: live order book, 4 min ago; Bitget: live order book, 4 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 Kalshi live order book, 4 min ago2.78 bp14.3 bp −$1419.3 bp −$193doesn't fitdoesn't fit
Sell Bitget live order book, 4 min ago0.35 bp7.2 bp −$715.1 bp −$15126.8 bp −$2,679doesn'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%1h4.3265−0.325%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.3192−0.493%$106K$68K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.3348−0.133%$162K150xas long as short
Kraken Futures PF_NEARUSD+0.0017%1h4.3366−0.092%$7.1M$38.3M50xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−4.598%$578$301K12xas long as short
Popdex NEARUSDT+0.0096%1h4.3280−0.290%$105K$492K50xas long as short
Bybit NEARUSDT+0.0100%8h4.3320−0.198%$218.9M$431.4M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.3300−0.244%$61.1M$291.6M50xas long as short
Bulk NEAR-USD+0.0100%1h4.3150−0.589%$246K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.3370−0.083%$35.4M$61.6M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin NEARUSDTM+0.0100%8h4.3410+0.009%$52.6M$45.9M75xas long as short
Bitget NEARUSDTshort+0.0100%8h4.3360−0.106%$71.8M$128.2M75x
Variational Omni NEAR+0.0100%8h4.3187−0.505%$8.6M$18.7Mas long as short
edgeX NEARUSDC+0.0100%4h4.3229−0.409%$251K$897K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.3233−0.398%$1.4M$1.5M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.3220−0.429%$163K$804K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.3295−0.256%$280K$4.1M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.3400−0.014%$58K$235K20xas long as short
SunX NEAR-USDT+0.0100%8h4.3460+0.124%$2K$1.3M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.3385−0.048%$5K$53K10xas long as short
HTX NEAR-USDT+0.0100%8h4.3460+0.124%$460K$3.8M75xas long as short
Phemex NEARUSDT+0.0100%8h4.3390−0.037%$3.6M$8.2M50xas long as short
Paradex NEAR-USD-PERP+0.0102%8h4.3238−0.386%$31K$58510xas long as short
Extended NEAR-USD+0.0104%1h4.3374−0.074%$3.6M$17.7M25xas long as short
Aevo NEAR-PERP+0.0136%1h4.3384−0.052%$202K$38K3xas long as short
BingX NEAR-USDC+0.0202%8h4.3360−0.106%$6.7Mas long as short
Kalshi KXNEARPERPlong+0.0206%8h4.3406long leg$944K$25.1M2.2x
MEXC NEAR_USDT+0.0214%8h4.3380−0.060%$77.1M$148.1M200xas long as short
Binance NEARUSDT+0.0215%8h4.3370−0.083%$263.5M$1.09B75xas long as short
Aster NEARUSDT+0.0241%8h4.3350−0.129%$2.7M$4.8M50xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0314% / S −0.0201%1h4.3336−0.162%$232K100xas long as short
BloFin NEAR-USDT+0.0335%8h4.3430+0.055%$13.4M$32.1M75xas long as short
01 Exchange NEARUSD+0.0384%1h4.3307−0.228%$13K$7K10xas long as short
Nado NEAR-PERP+0.0386%1h4.3275−0.301%$1.6M$3.2M10xas long as short
Backpack NEAR_USDC_PERP+0.0437%1h4.3404−0.005%$1.3M$7.0M20xas long as short
Hyperliquid NEAR+0.0478%1h4.3395−0.025%$351.8M$315.8M10xas long as short
Coinbase International NEAR-PERP-INTX+0.0488%1h4.3457+0.117%$2.3M$16.7M50xas long as short
Arcus NEAR-USD+0.0638%1h4.3310−0.221%$228K$1.6M10xas long as short
Lighter RH NEAR+0.0728%1h4.3434+0.065%$1.5M$6.6M10xas long as short
Lighter NEAR+0.0768%1h4.3438+0.073%$17.1M$24.9M15xas long as short
Pacifica NEAR+0.0949%1h4.3258−0.341%$407K$1.5M10xas long as short
RISEx NEAR/USDC+0.0965%1h4.3309−0.223%$650K$1.4M10xas long as short
Phoenix NEAR+0.1003%1h4.3206−0.461%$1.8M$2.4M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.1064%1h4.3421+0.035%$1.9M$13.0M25xas long as short
Aftermath Perps NEARUSD+0.1270%1h4.3293−0.261%$5K$12K10xas long as short