Funding you earn now, next payment 22:00 UTC+0.0934%/8h= +102.2% APRnext payment +$1.17 per $10,000 · paid last 24h +0.171%
Price spread now: Hyperliquid against Bulk+0.513%7-day average +0.101% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$1as in the Price arb table
costs, in and out, $10k−$420.424% of the position
Funding, last 3 days (all we have)+0.275%+$27 on $10k
+Price spread, last 4 days (all we have)−0.674%−$67 · spread now +0.513%, 7d avg +0.101%
=Together, before fees−0.399%+ Points / potential airdropHyperliquid: Season 2 · farm board−$40 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$28 a day on $10k at the current rate, and Hyperliquid is 0.412% dearer against Bulk than usual: you sell high and buy low: +$41 more if the spread goes back to its 7-day average of +0.101%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.275% in total (about 30.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.17 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 | Bulk NEAR-USD | 4.0750 | 0.0100 | pay 0.0013% / 1h | 57m 25s | $232K | $6K | 10x |
| Short | Hyperliquid NEAR | 4.0959 | 0.1034 | get 0.0129% / 1h | 57m 25s | $343.4M | $306.7M | 10x |
Bulk NEAR-USD
Hyperliquid NEARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Bulk. 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
- $196.04
- Price spread: +0.513% → +0.101%
- $41.18
- Slippage, 4 orders
- −$26.37
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $194.86
- Costs to cover
- 0.424%
- Break-even
- 0.0 days
Slippage from Bulk: live order book, 31 min ago; Hyperliquid: live order book, 7 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 Bulk live order book, 31 min ago | 12.12 bp | 15.6 bp −$16 | 30.7 bp −$307 | 38.9 bp −$3,895 | 51.1 bp −$25.6K |
| Sell Hyperliquid live order book, 7 min ago | 0.12 bp | 6.5 bp −$7 | doesn't fit | 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 | 4.0911 | +0.394% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0024% | 1h | 4.0792 | +0.103% | $2.1M | $12.6M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.0860 | +0.269% | $103K | $56K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.0731 | −0.047% | $351K | $19.7M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.0909 | +0.390% | $199K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.0730 | −0.049% | $569 | $239K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.0920 | +0.417% | $106K | $488K | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.0850 | +0.246% | $29K | $2K | 10x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.0910 | +0.393% | $2.8M | $5.9M | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.0848 | +0.241% | $361K | $1.2M | 10x | as long as short |
Reya NEARRUSDPERP
Coinbase International NEAR-PERP-INTX
dYdX NEAR-USD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Paradex NEAR-USD-PERP
Aster NEARUSDT
Pacifica NEARShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance NEARUSDT | +0.0100% | 8h | 4.0903 | +0.376% | $234.3M | $1.09B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.0860 | +0.270% | $208.4M | $428.9M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.0880 | +0.319% | $55.8M | $275.1M | 50x | as long as short |
| Bulk NEAR-USDlong | +0.0100% | 1h | 4.0750 | long leg | $232K | $6K | 10x | |
| Gate NEAR_USDT | +0.0100% | 8h | 4.0917 | +0.410% | $29.1M | $57.6M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.0910 | +0.393% | $78.6M | $141.4M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.0930 | +0.442% | $55.6M | $45.7M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.0883 | +0.326% | $68.3M | $128.2M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.0900 | +0.368% | — | $136.2M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.0746 | −0.011% | $7.4M | $18.5M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.0708 | −0.103% | $232K | $1.3M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.0726 | −0.058% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.0680 | −0.172% | $179K | $787K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.0924 | +0.427% | $209K | $3.0M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.0891 | +0.346% | $52K | $159K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.0940 | +0.466% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.0790 | +0.098% | $4K | $46K | 10x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.0790 | +0.098% | $3.7M | $8.4M | 50x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.0881 | +0.320% | $3.6M | $14.4M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.0880 | +0.320% | $198K | $65K | 3x | as long as short |
| 01 Exchange NEARUSD | +0.0112% | 1h | 4.0954 | +0.501% | $12K | $8K | 10x | as long as short |
| Arcus NEAR-USD | +0.0118% | 1h | 4.0910 | +0.393% | $303K | $1.6M | 10x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0152% | 1h | 4.0792 | +0.103% | $7.0M | $36.9M | 50x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.0720 | −0.074% | $12.2M | $33.1M | 75x | as long as short |
| Nado NEAR-PERP | +0.0331% | 1h | 4.0899 | +0.366% | $1.8M | $3.7M | 10x | as long as short |
| Lighter RH NEAR | +0.0336% | 1h | 4.0864 | +0.280% | $1.4M | $7.2M | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0371% / S −0.0317% | 1h | 4.0908 | +0.387% | $270K | — | 100x | as long as short |
| Phoenix NEAR | +0.0474% | 1h | 4.0800 | +0.123% | $1.7M | $2.6M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0557% | 1h | 4.0928 | +0.437% | $1.8M | $2.0M | 25x | as long as short |
| RISEx NEAR/USDC | +0.0569% | 1h | 4.0958 | +0.511% | $417K | $1.2M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0681% | 1h | 4.0818 | +0.167% | $1.4M | $5.4M | 20x | as long as short |
| Lighter NEAR | +0.0848% | 1h | 4.0913 | +0.400% | $15.0M | $22.2M | 15x | as long as short |
| Hyperliquid NEARshort | +0.1034% | 1h | 4.0959 | +0.513% | $343.4M | $306.7M | 10x | |
| HTX NEAR-USDT | +0.1093% | 8h | 4.0980 | +0.564% | $444K | $3.8M | 75x | as long as short |
| Aftermath Perps NEARUSD | +0.1116% | 1h | 4.0752 | +0.006% | $5K | $11K | 10x | as long as short |
Binance NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDT
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
Extended NEAR-USD
Aevo NEAR-PERP
01 Exchange NEARUSD
Arcus NEAR-USD
Kraken Futures PF_NEARUSD
BloFin NEAR-USDT
Nado NEAR-PERP
Lighter RH NEAR
GMX NEAR/USD [ETH-USDC]
Phoenix NEAR
Deribit NEAR_USDC-PERPETUAL
RISEx NEAR/USDC
Backpack NEAR_USDC_PERP
Lighter NEAR
HTX NEAR-USDT
Aftermath Perps NEARUSD