Funding you earn now, next payment 12:00 UTC−0.0063%/8h= −6.9% APRnext payment −$0.63 per $10,000 · paid last 24h +0.159%
Price spread now: HTX against Kalshi+0.481%7-day average +0.277% · you sell dearer than you buy
Net, funding: paid 7d − costs−$10as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$880.884% of the position
Funding, last 7 days+0.780%+$78 on $10k
+Price spread, last 4 days (all we have)−0.171%−$17 · spread now +0.481%, 7d avg +0.277%
=The price spread pays, funding is against you. HTX is 0.204% dearer against Kalshi than usual: you sell high and buy low (spread +0.481% now, against its 7-day average of +0.277%): +$20 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 11 days. Mind the row above: over the last 7 days funding on this pair paid +0.780%, 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 | 4.3660 | 0.0163 | pay 0.0163% / 8h | 3h 59m | $916K | $25.1M | 2.2x |
| Short | HTX NEAR-USDT | 4.3870 | 0.0100 | get 0.0100% / 8h | 7h 59m | $464K | $3.8M | 75x |
Kalshi KXNEARPERP
HTX NEAR-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against Kalshi. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$13.23
- Price spread: +0.481% → +0.277%
- $20.35
- Slippage, 4 orders
- −$66.43
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$81.31
- Costs to cover
- 0.884%
- Break-even
- never at this rate
Slippage from Kalshi: live order book, 5 min ago; HTX: live order book, 5 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, 5 min ago | 8.38 bp | 13.4 bp −$13 | 21.3 bp −$213 | doesn't fit | doesn't fit |
| Sell HTX live order book, 5 min ago | 24.02 bp | 31.6 bp −$32 | 79.8 bp −$798 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_NEARUSD | −0.0431% | 1h | 4.3806 | +0.335% | $7.3M | $38.6M | 50x | as long as short |
| Reya NEARRUSDPERP | −0.0171% | 1h | 4.3803 | +0.328% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3645 | −0.035% | $107K | $68K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.3751 | +0.208% | $164K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −5.153% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3590 | −0.160% | $115K | $500K | 50x | as long as short |
| Nado NEAR-PERP | +0.0100% | 1h | 4.3685 | +0.057% | $1.7M | $3.2M | 10x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.3756 | +0.220% | $2.7M | $4.8M | 50x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3756 | +0.220% | $220.8M | $430.3M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3750 | +0.206% | $61.8M | $297.1M | 50x | as long as short |
Kraken Futures PF_NEARUSD
Reya NEARRUSDPERP
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Nado NEAR-PERP
Aster NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAPShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bulk NEAR-USD | +0.0100% | 1h | 4.3750 | +0.206% | $249K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3767 | +0.245% | $36.2M | $61.5M | 75x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3830 | +0.389% | $53.1M | $45.9M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3758 | +0.224% | $72.4M | $127.6M | 75x | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.3629 | −0.071% | $8.9M | $18.6M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3577 | −0.189% | $253K | $897K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3670 | +0.023% | $1.4M | $1.6M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3590 | −0.160% | $166K | $815K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3680 | +0.046% | $273K | $4.1M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.3820 | +0.366% | $58K | $235K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3750 | +0.206% | $1K | $1.3M | 20x | as long as short |
| HTX NEAR-USDTshort | +0.0100% | 8h | 4.3870 | +0.481% | $464K | $3.8M | 75x | |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3780 | +0.275% | $3.5M | $8.2M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.3662 | +0.005% | $32K | $585 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.3785 | +0.285% | $3.6M | $16.3M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0112% | 1h | 4.3795 | +0.309% | $204K | $40K | 3x | as long as short |
| Binance NEARUSDT | +0.0138% | 8h | 4.3757 | +0.222% | $264.4M | $1.09B | 75x | as long as short |
| MEXC NEAR_USDT | +0.0140% | 8h | 4.3770 | +0.252% | $89.2M | $152.3M | 200x | as long as short |
| BingX NEAR-USDT | +0.0146% | 8h | 4.3770 | +0.252% | — | $83.2M | — | as long as short |
| Kalshi KXNEARPERPlong | +0.0163% | 8h | 4.3660 | long leg | $916K | $25.1M | 2.2x | |
| BloFin NEAR-USDT | +0.0258% | 8h | 4.3770 | +0.252% | $13.3M | $32.3M | 75x | as long as short |
| 01 Exchange NEARUSD | +0.0272% | 1h | 4.3617 | −0.098% | $13K | $7K | 10x | as long as short |
| Lighter RH NEAR | +0.0304% | 1h | 4.3843 | +0.419% | $1.5M | $6.4M | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0344% / S −0.0244% | 1h | 4.3761 | +0.231% | $254K | — | 100x | as long as short |
| Hyperliquid NEAR | +0.0353% | 1h | 4.3808 | +0.339% | $353.3M | $316.9M | 10x | as long as short |
| SoDEX NEAR-USD | +0.0426% | 1h | 4.3801 | +0.323% | $5K | $50K | 10x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0488% | 1h | 4.3724 | +0.147% | $2.3M | $17.0M | 50x | as long as short |
| Arcus NEAR-USD | +0.0638% | 1h | 4.3660 | 0.000% | $229K | $1.5M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0656% | 1h | 4.3638 | −0.051% | $602K | $1.4M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0690% | 1h | 4.3822 | +0.371% | $1.1M | $7.2M | 20x | as long as short |
| Lighter NEAR | +0.0888% | 1h | 4.3840 | +0.412% | $17.3M | $23.7M | 15x | as long as short |
| Pacifica NEAR | +0.0949% | 1h | 4.3684 | +0.056% | $412K | $1.4M | 10x | as long as short |
| Phoenix NEAR | +0.0949% | 1h | 4.3666 | +0.014% | $1.8M | $2.4M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1103% | 1h | 4.3638 | −0.050% | $5K | $7K | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +1.1470% | 1h | 4.4285 | +1.432% | $1.9M | $13.1M | 25x | as long as short |
Bulk NEAR-USD
Gate NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
Variational Omni NEAR
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Extended NEAR-USD
Aevo NEAR-PERP
Binance NEARUSDT
MEXC NEAR_USDT
BingX NEAR-USDT
BloFin NEAR-USDT
01 Exchange NEARUSD
Lighter RH NEAR
GMX NEAR/USD [ETH-USDC]
Hyperliquid NEAR
SoDEX NEAR-USD
Coinbase International NEAR-PERP-INTX
Arcus NEAR-USD
RISEx NEAR/USDC
Backpack NEAR_USDC_PERP
Lighter NEAR
Pacifica NEAR
Phoenix NEAR
Aftermath Perps NEARUSD
Deribit NEAR_USDC-PERPETUAL