Funding you earn now, next payment 08:00 UTC−0.0195%/8h= −21.3% APRnext payment −$1.95 per $10,000 · paid last 24h +0.030%
Price spread now: MEXC against Kalshi−0.100%7-day average −0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$10as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$270.273% of the position
Funding, last 7 days+0.170%+$17 on $10k
+Price spread, last 7 days+0.022%+$2 · spread now −0.100%, 7d avg −0.006%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and MEXC is 0.094% cheaper against Kalshi than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.006%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.170%, 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 | 4.3834 | 0.0320 | pay 0.0320% / 8h | 6h 09m | $1.0M | $24.6M | 2.2x |
| Short | MEXC NEAR_USDT | 4.3790 | 0.0125 | get 0.0125% / 8h | 2h 09m | $83.7M | $146.2M | 200x |
Kalshi KXNEARPERP
MEXC NEAR_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$40.92
- Price spread: −0.100% → −0.006%
- −$9.43
- Slippage, 4 orders
- −$17.27
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$77.63
- Costs to cover
- 0.273%
- Break-even
- never at this rate
Slippage from Kalshi: live order book, 5 min ago; MEXC: 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 | 6.89 bp | 11.9 bp −$12 | 19.0 bp −$190 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 5 min ago | 1.15 bp | 2.4 bp −$2 | 4.4 bp −$44 | 17.9 bp −$1,785 | 65.4 bp −$32.7K |
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 | 4.3804 | −0.069% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3820 | −0.033% | $108K | $68K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.3778 | −0.129% | $165K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −5.530% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3810 | −0.055% | $116K | $497K | 50x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3762 | −0.164% | $219.1M | $420.7M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3770 | −0.146% | $62.0M | $291.2M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3500 | −0.762% | $248K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3752 | −0.187% | $33.2M | $60.9M | 75x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3810 | −0.055% | $52.9M | $45.9M | 75x | as long as short |
Reya NEARRUSDPERP
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Bulk NEAR-USD
Gate NEAR_USDT
KuCoin NEARUSDTMShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget NEARUSDT | +0.0100% | 8h | 4.3795 | −0.089% | $71.9M | $126.2M | 75x | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.3607 | −0.517% | $8.8M | $18.4M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3652 | −0.416% | $255K | $963K | 20x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3834 | 0.000% | $283K | $3.9M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.3821 | −0.030% | $57K | $243K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3880 | +0.105% | $2K | $1.3M | 20x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.3940 | +0.242% | $473K | $3.9M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3770 | −0.146% | $3.6M | $8.3M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0102% | 8h | 4.3811 | −0.053% | $32K | $608 | 10x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0102% | 8h | 4.3673 | −0.366% | $1.4M | $1.5M | 10x | as long as short |
| Aevo NEAR-PERP | +0.0112% | 1h | 4.3835 | +0.002% | $204K | $37K | 3x | as long as short |
| BingX NEAR-USDT | +0.0119% | 8h | 4.3770 | −0.146% | — | $143.5M | — | as long as short |
| MEXC NEAR_USDTshort | +0.0125% | 8h | 4.3790 | −0.100% | $83.7M | $146.2M | 200x | |
| Binance NEARUSDT | +0.0130% | 8h | 4.3802 | −0.074% | $266.5M | $1.09B | 75x | as long as short |
| BloFin NEAR-USDT | +0.0250% | 8h | 4.3850 | +0.037% | $13.3M | $32.3M | 75x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0256% | 1h | 4.3876 | +0.096% | $2.3M | $16.2M | 50x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0313% / S −0.0201% | 1h | 4.3772 | −0.143% | $234K | — | 100x | as long as short |
| Kalshi KXNEARPERPlong | +0.0320% | 8h | 4.3834 | long leg | $1.0M | $24.6M | 2.2x | |
| Aster NEARUSDT | +0.0339% | 8h | 4.3790 | −0.100% | $2.8M | $5.2M | 50x | as long as short |
| Nado NEAR-PERP | +0.0398% | 1h | 4.3825 | −0.021% | $1.7M | $3.2M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0417% | 1h | 4.3640 | −0.443% | $167K | $796K | 50x | as long as short |
| Extended NEAR-USD | +0.0480% | 1h | 4.3735 | −0.226% | $3.7M | $19.3M | 25x | as long as short |
| SoDEX NEAR-USD | +0.0518% | 1h | 4.3787 | −0.107% | $5K | $52K | 10x | as long as short |
| Hyperliquid NEAR | +0.0663% | 1h | 4.3799 | −0.080% | $359.7M | $309.5M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0690% | 1h | 4.3785 | −0.112% | $1.3M | $6.6M | 20x | as long as short |
| 01 Exchange NEARUSD | +0.0720% | 1h | 4.3856 | +0.050% | $13K | $7K | 10x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0723% | 1h | 4.3762 | −0.165% | $7.3M | $39.0M | 50x | as long as short |
| Arcus NEAR-USD | +0.0814% | 1h | 4.3850 | +0.037% | $227K | $1.6M | 10x | as long as short |
| Pacifica NEAR | +0.0847% | 1h | 4.3865 | +0.070% | $402K | $1.4M | 10x | as long as short |
| Lighter NEAR | +0.0912% | 1h | 4.3849 | +0.035% | $17.2M | $25.2M | 15x | as long as short |
| Phoenix NEAR | +0.1033% | 1h | 4.3931 | +0.221% | $1.8M | $2.5M | 10x | as long as short |
| Lighter RH NEAR | +0.1104% | 1h | 4.3847 | +0.030% | $1.5M | $7.4M | 10x | as long as short |
| RISEx NEAR/USDC | +0.1220% | 1h | 4.3844 | +0.022% | $687K | $1.3M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1289% | 1h | 4.3581 | −0.576% | $5K | $12K | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.1326% | 1h | 4.3843 | +0.021% | $1.9M | $11.9M | 25x | as long as short |
Bitget NEARUSDT
Variational Omni NEAR
edgeX NEARUSDC
Polymarket Perps NEAR-USD
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
HTX NEAR-USDT
Phemex NEARUSDT
Paradex NEAR-USD-PERP
GRVT NEAR_USDT_Perp
Aevo NEAR-PERP
BingX NEAR-USDT
Binance NEARUSDT
BloFin NEAR-USDT
Coinbase International NEAR-PERP-INTX
GMX NEAR/USD [ETH-USDC]
Aster NEARUSDT
Nado NEAR-PERP
ApeX Omni NEARUSDT
Extended NEAR-USD
SoDEX NEAR-USD
Hyperliquid NEAR
Backpack NEAR_USDC_PERP
01 Exchange NEARUSD
Kraken Futures PF_NEARUSD
Arcus NEAR-USD
Pacifica NEAR
Lighter NEAR
Phoenix NEAR
Lighter RH NEAR
RISEx NEAR/USDC
Aftermath Perps NEARUSD
Deribit NEAR_USDC-PERPETUAL