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

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0304%/8h= +33.2% APRpaid last 24h +0.177%
Price spread now: Hyperliquid against Binance+0.058%7-day average +0.091% · you sell dearer than you buy
Net, funding: paid 7d − costs+$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$230.231% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.442%+$44 on $10k
Price spread, last 7 days−0.055%−$6 · spread now +0.058%, 7d avg +0.091%
Together, before fees+0.386%+ Points / potential airdropHyperliquid: Season 2 · farm board+$39 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.033% cheaper against Binance than usual: you would sell low and buy high (spread +0.058% now, against its 7-day average of +0.091%). If the spread goes back, that is −$3 on $10k: about 9 hours of funding at the current rate (+$9 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance NEARUSDT4.33400.0215pay 0.0215% / 8h53m 01s$263.3M$1.09B75x
ShortHyperliquid NEAR4.33650.0519get 0.0065% / 1h53m 01s$351.6M$314.6M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Binance. 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
$63.74
Price spread: +0.058% → +0.091%
−$3.29
Slippage, 4 orders
−$4.12
Fee Binance: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$37.33
Costs to cover
0.231%
Break-even
2.9 days
Slippage from Binance: live order book, 6 min ago; Hyperliquid: live order book, 11 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 6 min ago1.16 bp6.2 bp −$611.1 bp −$11131.5 bp −$3,155100.3 bp −$50.1K
Sell Hyperliquid live order book, 11 min ago0.12 bp4.6 bp −$5doesn't fitdoesn't fitdoesn't fit

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%1h4.3298−0.098%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.3275−0.149%$106K$68K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.3267−0.168%$162K150xas long as short
Kraken Futures PF_NEARUSD+0.0017%1h4.3314−0.059%$7.1M$38.3M50xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−4.453%$578$301K12xas long as short
Popdex NEARUSDT+0.0096%1h4.3330−0.023%$105K$491K50xas long as short
Bybit NEARUSDT+0.0100%8h4.3317−0.053%$218.9M$431.1M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.3320−0.046%$61.0M$291.6M50xas long as short
Bulk NEAR-USD+0.0100%1h4.3150−0.437%$246K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.3323−0.039%$35.3M$61.6M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin NEARUSDTM+0.0100%8h4.3360+0.046%$52.5M$45.9M75xas long as short
Bitget NEARUSDT+0.0100%8h4.3320−0.046%$71.8M$128.2M75xas long as short
Variational Omni NEAR+0.0100%8h4.3187−0.353%$8.6M$18.7Mas long as short
edgeX NEARUSDC+0.0100%4h4.3229−0.257%$251K$897K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.3380+0.092%$1.4M$1.5M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.3220−0.277%$163K$804K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.33400.000%$280K$4.1M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.3307−0.076%$58K$235K20xas long as short
SunX NEAR-USDT+0.0100%8h4.3390+0.115%$1K$1.3M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.3335−0.012%$5K$53K10xas long as short
HTX NEAR-USDT+0.0100%8h4.3440+0.231%$453K$3.8M75xas long as short
Phemex NEARUSDT+0.0100%8h4.3330−0.023%$3.5M$8.2M50xas long as short
Paradex NEAR-USD-PERP+0.0102%8h4.3289−0.118%$31K$58510xas long as short
Extended NEAR-USD+0.0104%1h4.3282−0.134%$3.6M$17.6M25xas long as short
Aevo NEAR-PERP+0.0136%1h4.3320−0.047%$201K$38K3xas long as short
BingX NEAR-USDT+0.0202%8h4.3330−0.023%$144.8Mas long as short
Kalshi KXNEARPERP+0.0205%8h4.3341+0.002%$942K$25.1M2.2xas long as short
MEXC NEAR_USDT+0.0214%8h4.3330−0.023%$79.3M$148.5M200xas long as short
Binance NEARUSDTlong+0.0215%8h4.3340long leg$263.3M$1.09B75x
Aster NEARUSDT+0.0237%8h4.3330−0.023%$2.7M$4.8M50xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0314% / S −0.0201%1h4.3273−0.154%$232K100xas long as short
BloFin NEAR-USDT+0.0335%8h4.33400.000%$13.4M$32.0M75xas long as short
01 Exchange NEARUSD+0.0384%1h4.3338−0.005%$13K$7K10xas long as short
Nado NEAR-PERP+0.0407%1h4.3295−0.103%$1.7M$3.2M10xas long as short
Backpack NEAR_USDC_PERP+0.0460%1h4.3360+0.046%$1.2M$7.0M20xas long as short
Coinbase International NEAR-PERP-INTX+0.0488%1h4.3330−0.023%$2.3M$16.6M50xas long as short
Hyperliquid NEARshort+0.0519%1h4.3365+0.058%$351.6M$314.6M10x
Arcus NEAR-USD+0.0638%1h4.3330−0.023%$228K$1.6M10xas long as short
Lighter RH NEAR+0.0728%1h4.3408+0.157%$1.5M$6.6M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0767%1h4.3326−0.032%$1.9M$13.0M25xas long as short
Lighter NEAR+0.0808%1h4.3393+0.122%$17.1M$24.9M15xas long as short
Pacifica NEAR+0.0949%1h4.3306−0.078%$408K$1.5M10xas long as short
Phoenix NEAR+0.0949%1h4.3382+0.097%$1.8M$2.4M10xas long as short
RISEx NEAR/USDC+0.0965%1h4.3329−0.025%$650K$1.4M10xas long as short
Aftermath Perps NEARUSD+0.1293%1h4.3319−0.048%$5K$10K10xas long as short