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

NEAR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0216%/8h= −23.6% APRnext payment $2.16 per $10,000 · paid last 24h +0.030%
Price spread now: Paradex against Kalshi−0.052%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropParadex: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Paradex is 0.052% cheaper against Kalshi than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKalshi KXNEARPERP4.37790.0317pay 0.0317% / 8h6h 07m$1.0M$24.6M2.2x
ShortParadex NEAR-USD-PERP4.37560.0101get 0.0101% / 8h2h 07m$32K$60810x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex 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
−$45.27
Price spread: −0.052% → 0.000%
−$5.21
Slippage, 4 orders
no order book: not counted
Fee Kalshi: 5 bp × 2 orders
−$10
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$64.47
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: Kalshi: live order book, 1 min ago; Paradex: no order-book sample. Net counts fees only.

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, 1 min ago4.34 bp11.4 bp −$1119.7 bp −$197doesn't fitdoesn't fit
Sell Paradex no order-book sample
Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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%1h4.3759−0.047%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.3751−0.065%$108K$68K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.3738−0.093%$165K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−5.411%$578$301K12xas long as short
Popdex NEARUSDT+0.0096%1h4.3810+0.071%$116K$497K50xas long as short
Bybit NEARUSDT+0.0100%8h4.3780+0.002%$218.9M$420.7M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.3800+0.048%$61.8M$291.5M50xas long as short
Bulk NEAR-USD+0.0100%1h4.3500−0.637%$248K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.3728−0.116%$33.2M$61.0M75xas long as short
KuCoin NEARUSDTM+0.0100%8h4.3770−0.021%$52.8M$45.9M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget NEARUSDT+0.0100%8h4.3796+0.039%$71.9M$126.4M75xas long as short
Variational Omni NEAR+0.0100%8h4.3607−0.392%$8.8M$18.4Mas long as short
edgeX NEARUSDC+0.0100%4h4.3652−0.290%$255K$963K20xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.3820+0.094%$281K$3.9M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.3786+0.016%$57K$243K20xas long as short
SunX NEAR-USDT+0.0100%8h4.3850+0.162%$1K$1.3M20xas long as short
HTX NEAR-USDT+0.0100%8h4.3900+0.276%$473K$3.9M75xas long as short
Phemex NEARUSDT+0.0100%8h4.3720−0.135%$3.6M$8.3M50xas long as short
Paradex NEAR-USD-PERPshort+0.0101%8h4.3756−0.052%$32K$60810x
GRVT NEAR_USDT_Perp+0.0102%8h4.3673−0.241%$1.4M$1.5M10xas long as short
Aevo NEAR-PERP+0.0112%1h4.3793+0.031%$204K$37K3xas long as short
BingX NEAR-USDC+0.0116%8h4.3870+0.208%$6.6Mas long as short
MEXC NEAR_USDT+0.0129%8h4.3850+0.162%$83.4M$146.2M200xas long as short
Binance NEARUSDT+0.0133%8h4.3883+0.238%$267.0M$1.09B75xas long as short
BloFin NEAR-USDT+0.0250%8h4.3850+0.162%$13.3M$32.3M75xas long as short
Coinbase International NEAR-PERP-INTX+0.0256%1h4.3867+0.201%$2.3M$16.2M50xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0313% / S −0.0201%1h4.3735−0.100%$235K100xas long as short
Kalshi KXNEARPERPlong+0.0317%8h4.3779long leg$1.0M$24.6M2.2x
Aster NEARUSDT+0.0338%8h4.3770−0.021%$2.8M$5.2M50xas long as short
Nado NEAR-PERP+0.0404%1h4.3805+0.059%$1.7M$3.2M10xas long as short
ApeX Omni NEARUSDT+0.0417%1h4.3640−0.318%$167K$796K50xas long as short
Extended NEAR-USD+0.0472%1h4.3788+0.020%$3.7M$19.3M25xas long as short
SoDEX NEAR-USD+0.0514%1h4.3745−0.078%$5K$52K10xas long as short
Hyperliquid NEAR+0.0667%1h4.3792+0.030%$360.1M$310.6M10xas long as short
Backpack NEAR_USDC_PERP+0.0688%1h4.3776−0.007%$1.3M$6.6M20xas long as short
01 Exchange NEARUSD+0.0720%1h4.3856+0.176%$13K$7K10xas long as short
Kraken Futures PF_NEARUSD+0.0723%1h4.3739−0.092%$7.3M$39.0M50xas long as short
Arcus NEAR-USD+0.0814%1h4.3850+0.162%$227K$1.6M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0825%1h4.3787+0.018%$2.0M$11.9M25xas long as short
Pacifica NEAR+0.0847%1h4.3790+0.025%$401K$1.4M10xas long as short
Lighter NEAR+0.0912%1h4.3808+0.066%$17.2M$25.2M15xas long as short
Phoenix NEAR+0.1033%1h4.3931+0.347%$1.8M$2.5M10xas long as short
Lighter RH NEAR+0.1096%1h4.3810+0.071%$1.5M$7.4M10xas long as short
RISEx NEAR/USDC+0.1220%1h4.3838+0.134%$686K$1.3M10xas long as short
Aftermath Perps NEARUSD+0.1287%1h4.3636−0.327%$5K$12K10xas long as short