NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0731%/8h= +80.1% APRnext payment +$0.91 per $10,000 · paid last 24h +0.044%

Price spread now: Hyperliquid against Arcus−0.363%7-day average +0.069% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$330.329% of the position

Long on Arcus Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.001%$0 on $10k

Price spread, last 7 days+0.363%+$36 · spread now −0.363%, 7d avg +0.069%

Together, before fees+0.362%+ Points / potential airdropHyperliquid: Season 2 · farm board+$36 on $10k · with fees, hour by hour

Funding pays, the price is against you. Hyperliquid is 0.432% cheaper against Arcus than usual: you would sell low and buy high (spread −0.363% now, against its 7-day average of +0.069%). If the spread goes back, that is −$43 on $10k: about 47 hours of funding at the current rate (+$22 a day).

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.001% in total (about -0.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.91 per $10,000. 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	Arcus NEAR-USD	4.4120	0.0100	pay 0.0013% / 1h	29m 59s	$209K	$1.7M	10x
Short	Hyperliquid NEAR	4.3960	0.0831	get 0.0104% / 1h	29m 59s	$371.6M	$306.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Arcus. 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

Position, each leg$Hold fordaysFee ArcusbpFee HyperliquidbpOrdersPrice spread, now −0.363%Rate

Funding earned: $153.55
Price spread: −0.363% → +0.069%: −$43.21
Slippage, 4 orders: −$19.37
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $77.46
Costs to cover: 0.329%
Break-even: 3.5 days

Slippage from Arcus: live order book, 4 min ago; Hyperliquid: 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 Arcus live order book, 4 min ago	3.42 bp	5.7 bp −$6	8.6 bp −$86	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 4 min ago	0.11 bp	5.2 bp −$5	doesn't fit	doesn't fit	doesn't fit

NEAR on 44 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	4.3940	−0.408%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0064%	1h	4.4077	−0.097%	$2.2M	$13.8M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3993	−0.288%	$108K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3954	−0.376%	$589K	$19.2M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3905	−0.487%	$159K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.142%	$578	$302K	12x	as long as short
Phemex NEARUSDT	+0.0051%	8h	4.3880	−0.544%	$3.9M	$8.2M	50x	as long as short
Variational Omni NEAR	+0.0059%	8h	4.3918	−0.457%	$8.5M	$18.7M	—	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4070	−0.113%	$113K	$482K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3981	−0.316%	$416K	$1.2M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance NEARUSDT	+0.0100%	8h	4.3875	−0.555%	$263.7M	$1.06B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3833	−0.650%	$222.6M	$418.4M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3820	−0.680%	$62.0M	$285.1M	50x	as long as short
Arcus NEAR-USDlong	+0.0100%	1h	4.4120	long leg	$209K	$1.7M	10x
Bulk NEAR-USD	+0.0100%	1h	4.3449	−1.520%	$248K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3880	−0.544%	$31.6M	$61.3M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3860	−0.589%	$76.4M	$139.1M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3870	−0.567%	$56.1M	$42.9M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3836	−0.644%	$72.5M	$123.4M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3880	−0.544%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3679	−0.999%	$262K	$1.0M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3920	−0.454%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3670	−1.020%	$181K	$774K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4028	−0.209%	$218K	$3.5M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3929	−0.433%	$59K	$189K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4020	−0.227%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3915	−0.465%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4090	−0.068%	$457K	$3.8M	75x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3942	−0.403%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3815	−0.692%	$3.8M	$18.3M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3920	−0.453%	$204K	$34K	3x	as long as short
Aster NEARUSDT	+0.0146%	8h	4.3930	−0.431%	$3.1M	$5.8M	50x	as long as short
Kraken Futures PF_NEARUSD	+0.0215%	1h	4.3915	−0.465%	$7.7M	$39.9M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0361% / S −0.0276%	1h	4.3894	−0.512%	$263K	—	100x	as long as short
01 Exchange NEARUSD	+0.0392%	1h	4.4144	+0.054%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0409%	1h	4.3941	−0.406%	$1.9M	$3.1M	10x	as long as short
RISEx NEAR/USDC	+0.0509%	1h	4.4121	+0.001%	$559K	$1.3M	10x	as long as short
Phoenix NEAR	+0.0592%	1h	4.3944	−0.399%	$1.8M	$2.6M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0593%	1h	4.3929	−0.433%	$1.9M	$4.1M	25x	as long as short
Lighter RH NEAR	+0.0768%	1h	4.3955	−0.374%	$1.6M	$7.0M	10x	as long as short
Hyperliquid NEARshort	+0.0831%	1h	4.3960	−0.363%	$371.6M	$306.4M	10x
Backpack NEAR_USDC_PERP	+0.0886%	1h	4.3937	−0.415%	$1.4M	$6.0M	20x	as long as short
Aftermath Perps NEARUSD	+0.1451%	1h	4.3774	−0.783%	$6K	$12K	10x	as long as short
Lighter NEAR	+0.1528%	1h	4.3993	−0.288%	$17.6M	$24.9M	15x	as long as short