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Funding arb · Price arb /

NEAR

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 05:00 UTC−0.0250%/8h= −27.3% APRpaid last 24h +0.004%
Price spread now: dYdX against Kalshi−0.022%7-day average −0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$257as in the Funding arb table
Net, price: spread back to 7d avg − costs−$258as in the Price arb table
costs, in and out, $10k−$2582.581% of the position
Long on KalshiShort on dYdX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.006%+$1 on $10k
Price spread, last 4 days (all we have)−1.046%−$105 · spread now −0.022%, 7d avg −0.027%
Together, before fees−1.040%−$104 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.027%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.006% in total (about 0.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKalshi KXNEARPERP4.29560.0250pay 0.0250% / 8h7h 03m$776K$23.9M2.2x
ShortdYdX NEAR-USD4.29460get 0.0000% / 1h3m 56s$106K$68K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX 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
−$52.42
Price spread: −0.022% → −0.027%
$0.41
Slippage, 4 orders
−$238.05
Fee Kalshi: 5 bp × 2 orders
−$10
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$310.06
Costs to cover
2.581%
Break-even
never at this rate
Slippage from Kalshi: live order book, 5 min ago; dYdX: live order book, 50 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, 5 min ago3.82 bp8.8 bp −$918.7 bp −$187doesn't fitdoesn't fit
Sell dYdX live order book, 50 min ago109.99 bp121.3 bp −$121130.1 bp −$1,301137.5 bp −$13.8K368.1 bp −$184.1K

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%1h4.2909−0.109%$2K—20xas long as short
dYdX NEAR-USDshort0.0000%1h4.2946−0.022%$106K$68K10x
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.2893−0.146%$161K—150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−3.599%$578$301K12xas long as short
Coinbase International NEAR-PERP-INTX+0.0056%1h4.2940−0.037%$2.3M$15.7M50xas long as short
Popdex NEARUSDT+0.0096%1h4.2910−0.107%$110K$501K50xas long as short
Binance NEARUSDT+0.0100%8h4.2961+0.011%$262.0M$1.09B75xas long as short
Bybit NEARUSDT+0.0100%8h4.2921−0.081%$212.6M$426.3M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.2930−0.061%$60.8M$285.5M50xas long as short
Bulk NEAR-USD+0.0100%1h4.3449+1.148%$248K−$010xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate NEAR_USDT+0.0100%8h4.2917−0.091%$31.9M$62.6M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.2970+0.033%$73.3M$147.6M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.2970+0.033%$53.4M$45.8M75xas long as short
Bitget NEARUSDT+0.0100%8h4.2918−0.088%$71.0M$127.5M75xas long as short
BingX NEAR-USDT+0.0100%8h4.2940−0.037%—$144.5M—as long as short
Variational Omni NEAR+0.0100%8h4.2987+0.073%$8.1M$17.9M—as long as short
edgeX NEARUSDC+0.0100%4h4.3144+0.437%$252K$948K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.3190+0.545%$1.4M$1.5M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.3190+0.545%$166K$794K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.2947−0.021%$268K$3.9M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.2903−0.123%$57K$246K20xas long as short
SunX NEAR-USDT+0.0100%8h4.3000+0.102%$2K$1.4M20xas long as short
HTX NEAR-USDT+0.0100%8h4.2990+0.079%$460K$3.9M75xas long as short
Phemex NEARUSDT+0.0100%8h4.2950−0.014%$3.6M$8.3M50xas long as short
Paradex NEAR-USD-PERP+0.0100%8h4.2926−0.071%$31K$60810xas long as short
Aevo NEAR-PERP+0.0104%1h4.2915−0.095%$200K$37K3xas long as short
BloFin NEAR-USDT+0.0220%8h4.2990+0.079%$13.4M$31.7M75xas long as short
Kalshi KXNEARPERPlong+0.0250%8h4.2956long leg$776K$23.9M2.2x
Pacifica NEAR+0.0263%1h4.2979+0.054%$397K$1.3M10xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0322% / S −0.0198%1h4.2885−0.166%$232K—100xas long as short
SoDEX NEAR-USD+0.0324%1h4.2875−0.189%$6K$53K10xas long as short
Aster NEARUSDT+0.0332%8h4.2966+0.023%$2.8M$5.5M50xas long as short
01 Exchange NEARUSD+0.0528%1h4.29560.000%$13K$7K10xas long as short
Extended NEAR-USD+0.0560%1h4.2933−0.053%$3.7M$19.8M25xas long as short
Backpack NEAR_USDC_PERP+0.0563%1h4.2966+0.023%$1.3M$6.8M20xas long as short
Nado NEAR-PERP+0.0568%1h4.2905−0.119%$1.8M$3.1M10xas long as short
Hyperliquid NEAR+0.0569%1h4.2979+0.054%$351.8M$313.0M10xas long as short
Arcus NEAR-USD+0.0627%1h4.2990+0.079%$211K$1.6M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0706%1h4.2910−0.107%$1.9M$9.9M25xas long as short
Kraken Futures PF_NEARUSD+0.0719%1h4.2883−0.170%$7.5M$38.9M50xas long as short
Lighter RH NEAR+0.0904%1h4.2999+0.100%$1.5M$7.4M10xas long as short
Phoenix NEAR+0.0941%1h4.3300+0.801%$1.8M$2.8M10xas long as short
Lighter NEAR+0.1032%1h4.3015+0.137%$17.3M$25.1M15xas long as short
RISEx NEAR/USDC+0.1162%1h4.2947−0.022%$669K$1.3M10xas long as short
Aftermath Perps NEARUSD+0.1540%1h4.3126+0.396%$5K$12K10xas long as short