Funding you earn now, next payment 08:00 UTC−0.0743%/8h= −81.4% APRpaid last 24h −0.061%
Price spread now: Kalshi against Pacifica−0.229%7-day average −0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$84as in the Funding arb table
Net, price: spread back to 7d avg − costs−$79as in the Price arb table
costs, in and out, $10k−$580.576% of the position
Funding, last 7 days−0.266%−$27 on $10k
+Price spread, last 7 days+0.251%+$25 · spread now −0.229%, 7d avg −0.012%
=Together, before fees−0.015%+ Points / potential airdropPacifica: Active · farm board−$2 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and Kalshi is 0.217% cheaper against Pacifica than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of −0.012%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.266% in total (about -13.9% 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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica NEAR | 4.3575 | 0.0949 | pay 0.0119% / 1h | 50m 21s | $410K | $1.5M | 10x |
| Short | Kalshi KXNEARPERP | 4.3475 | 0.0206 | get 0.0206% / 8h | 4h 50m | $957K | $25.2M | 2.2x |
Pacifica NEAR
Kalshi KXNEARPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi against Pacifica. 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
- −$156.04
- Price spread: −0.229% → −0.012%
- −$21.67
- Slippage, 4 orders
- −$39.64
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- −$235.36
- Costs to cover
- 0.576%
- Break-even
- never at this rate
Slippage from Pacifica: live order book, 4 min ago; Kalshi: live order book, 4 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 Pacifica live order book, 4 min ago | 3.57 bp | 11.6 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kalshi live order book, 4 min ago | 6.46 bp | 11.5 bp −$11 | 19.5 bp −$195 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya NEARRUSDPERP | −0.0171% | 1h | 4.3598 | +0.054% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3421 | −0.352% | $107K | $68K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.3619 | +0.101% | $163K | — | 150x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0017% | 1h | 4.3658 | +0.191% | $7.2M | $38.3M | 50x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −4.968% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3590 | +0.035% | $106K | $491K | 50x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3643 | +0.157% | $220.4M | $431.1M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3650 | +0.173% | $61.3M | $293.9M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3597 | +0.051% | $248K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3616 | +0.095% | $35.6M | $61.7M | 75x | as long as short |
Reya NEARRUSDPERP
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Kraken Futures PF_NEARUSD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Bulk NEAR-USD
Gate NEAR_USDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3620 | +0.104% | $52.8M | $45.9M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3654 | +0.182% | $72.3M | $128.2M | 75x | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.3467 | −0.248% | $8.6M | $18.7M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3324 | −0.575% | $251K | $898K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3380 | −0.447% | $1.4M | $1.5M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3330 | −0.561% | $163K | $805K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3632 | +0.132% | $282K | $4.1M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.3664 | +0.205% | $58K | $235K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3690 | +0.265% | $1K | $1.3M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.3665 | +0.208% | $5K | $53K | 10x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3680 | +0.242% | $3.6M | $8.2M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0102% | 8h | 4.3569 | −0.013% | $31K | $585 | 10x | as long as short |
| HTX NEAR-USDT | +0.0103% | 8h | 4.3740 | +0.380% | $456K | $3.8M | 75x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.3646 | +0.163% | $3.6M | $17.6M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0136% | 1h | 4.3678 | +0.238% | $203K | $38K | 3x | as long as short |
| BingX NEAR-USDC | +0.0202% | 8h | 4.3630 | +0.127% | — | $6.7M | — | as long as short |
| Kalshi KXNEARPERPshort | +0.0206% | 8h | 4.3475 | −0.229% | $957K | $25.2M | 2.2x | |
| MEXC NEAR_USDT | +0.0215% | 8h | 4.3630 | +0.127% | $80.4M | $149.0M | 200x | as long as short |
| Binance NEARUSDT | +0.0215% | 8h | 4.3651 | +0.176% | $265.2M | $1.09B | 75x | as long as short |
| Aster NEARUSDT | +0.0235% | 8h | 4.3630 | +0.127% | $2.7M | $4.8M | 50x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0315% / S −0.0202% | 1h | 4.3615 | +0.094% | $234K | — | 100x | as long as short |
| BloFin NEAR-USDT | +0.0335% | 8h | 4.3510 | −0.148% | $13.4M | $32.1M | 75x | as long as short |
| Nado NEAR-PERP | +0.0371% | 1h | 4.3598 | +0.053% | $1.7M | $3.2M | 10x | as long as short |
| 01 Exchange NEARUSD | +0.0376% | 1h | 4.3627 | +0.120% | $13K | $7K | 10x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0488% | 1h | 4.3591 | +0.038% | $2.3M | $16.9M | 50x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0514% | 1h | 4.3518 | −0.130% | $1.2M | $7.0M | 20x | as long as short |
| Hyperliquid NEAR | +0.0527% | 1h | 4.3640 | +0.150% | $353.5M | $315.2M | 10x | as long as short |
| Arcus NEAR-USD | +0.0638% | 1h | 4.3620 | +0.104% | $230K | $1.6M | 10x | as long as short |
| Lighter RH NEAR | +0.0736% | 1h | 4.3724 | +0.343% | $1.5M | $6.6M | 10x | as long as short |
| Lighter NEAR | +0.0920% | 1h | 4.3731 | +0.358% | $17.3M | $24.9M | 15x | as long as short |
| Pacifica NEARlong | +0.0949% | 1h | 4.3575 | long leg | $410K | $1.5M | 10x | |
| Phoenix NEAR | +0.0949% | 1h | 4.3382 | −0.442% | $1.8M | $2.4M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0965% | 1h | 4.3609 | +0.079% | $641K | $1.4M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.1010% | 1h | 4.3693 | +0.272% | $1.9M | $13.0M | 25x | as long as short |
| Aftermath Perps NEARUSD | +0.1289% | 1h | 4.3401 | −0.399% | $5K | $10K | 10x | as long as short |
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
SoDEX NEAR-USD
Phemex NEARUSDT
Paradex NEAR-USD-PERP
HTX NEAR-USDT
Extended NEAR-USD
Aevo NEAR-PERP
BingX NEAR-USDC
MEXC NEAR_USDT
Binance NEARUSDT
Aster NEARUSDT
GMX NEAR/USD [ETH-USDC]
BloFin NEAR-USDT
Nado NEAR-PERP
01 Exchange NEARUSD
Coinbase International NEAR-PERP-INTX
Backpack NEAR_USDC_PERP
Hyperliquid NEAR
Arcus NEAR-USD
Lighter RH NEAR
Lighter NEAR
Phoenix NEAR
RISEx NEAR/USDC
Deribit NEAR_USDC-PERPETUAL
Aftermath Perps NEARUSD