Funding you earn now, next payment 21:00 UTC+0.1122%/8h= +122.9% APRnext payment +$1.40 per $10,000 · paid last 24h +0.227%
Price spread now: Hyperliquid against Coinbase International+0.317%7-day average +0.148% · you sell dearer than you buy
Net, funding: paid 7d − costs+$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$370.373% of the position
Funding, last 7 days+0.553%+$55 on $10k
+Price spread, last 3 days (all we have)−0.348%−$35 · spread now +0.317%, 7d avg +0.148%
=Together, before fees+0.205%+ Points / potential airdropHyperliquid: Season 2 · farm board+$21 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$34 a day on $10k at the current rate, and Hyperliquid is 0.169% dearer against Coinbase International than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.148%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.553% in total (about 28.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.40 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 | Coinbase International NEAR-PERP-INTX | 4.1338 | −0.0024 | get 0.0003% / 1h | 37m 47s | $2.1M | $12.7M | 50x |
| Short | Hyperliquid NEAR | 4.1469 | 0.1098 | get 0.0137% / 1h | 37m 47s | $349.2M | $300.6M | 10x |
Coinbase International NEAR-PERP-INTX
Hyperliquid NEARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Coinbase International. 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
- $235.69
- Price spread: +0.317% → +0.148%
- $16.88
- Slippage, 4 orders
- −$18.28
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $215.29
- Costs to cover
- 0.373%
- Break-even
- 0.6 days
Slippage from Coinbase International: live order book, 1 min ago; Hyperliquid: live order book, 6 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 Coinbase International live order book, 1 min ago | 3.87 bp | 10.3 bp −$10 | 16.2 bp −$162 | 544.4 bp −$54.4K | doesn't fit |
| Sell Hyperliquid live order book, 6 min ago | 0.12 bp | 5.8 bp −$6 | 12.4 bp −$124 | 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 | 4.1294 | −0.106% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTXlong | −0.0024% | 1h | 4.1338 | long leg | $2.1M | $12.7M | 50x | |
| dYdX NEAR-USD | 0.0000% | 1h | 4.1297 | −0.098% | $104K | $54K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.1337 | −0.002% | $411K | $19.1M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.1396 | +0.141% | $205K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.0730 | −1.471% | $569 | $239K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.1250 | −0.213% | $107K | $489K | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.1275 | −0.152% | $30K | $647 | 10x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.1405 | +0.162% | $2.9M | $5.9M | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.1295 | −0.103% | $365K | $1.2M | 10x | as long as short |
Reya NEARRUSDPERP
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 | 4.1400 | +0.150% | $235.8M | $1.09B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.1376 | +0.092% | $211.1M | $427.8M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.1390 | +0.126% | $56.6M | $277.5M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.1240 | −0.238% | $235K | $6K | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.1401 | +0.152% | $29.6M | $58.0M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.1400 | +0.150% | $79.8M | $142.6M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.1430 | +0.223% | $56.2M | $45.1M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.1395 | +0.138% | $68.9M | $127.8M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.1390 | +0.126% | — | $6.6M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.1205 | −0.321% | $7.5M | $18.4M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.1188 | −0.364% | $234K | $1.3M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.1160 | −0.430% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.1200 | −0.334% | $182K | $790K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.1310 | −0.068% | $204K | $3.1M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.1385 | +0.114% | $53K | $159K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.1310 | −0.068% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.1370 | +0.077% | $5K | $46K | 10x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.1360 | +0.053% | $3.8M | $8.4M | 50x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.1383 | +0.108% | $3.6M | $14.5M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.1365 | +0.065% | $200K | $65K | 3x | as long as short |
| Arcus NEAR-USD | +0.0118% | 1h | 4.1290 | −0.116% | $306K | $1.6M | 10x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0150% | 1h | 4.1394 | +0.134% | $7.1M | $36.6M | 50x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0209% | 1h | 4.1411 | +0.177% | $1.8M | $2.1M | 25x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.1310 | −0.068% | $12.1M | $33.5M | 75x | as long as short |
| 01 Exchange NEARUSD | +0.0280% | 1h | 4.1279 | −0.143% | $12K | $7K | 10x | as long as short |
| Nado NEAR-PERP | +0.0351% | 1h | 4.1265 | −0.177% | $1.8M | $3.6M | 10x | as long as short |
| Lighter RH NEAR | +0.0352% | 1h | 4.1434 | +0.232% | $1.4M | $7.2M | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0373% / S −0.0317% | 1h | 4.1392 | +0.130% | $272K | — | 100x | as long as short |
| RISEx NEAR/USDC | +0.0569% | 1h | 4.1280 | −0.139% | $415K | $1.2M | 10x | as long as short |
| Phoenix NEAR | +0.0582% | 1h | 4.1355 | +0.041% | $1.7M | $2.8M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0809% | 1h | 4.1460 | +0.295% | $1.4M | $5.7M | 20x | as long as short |
| Lighter NEAR | +0.0888% | 1h | 4.1468 | +0.314% | $15.4M | $22.6M | 15x | as long as short |
| Aftermath Perps NEARUSD | +0.1046% | 1h | 4.1220 | −0.287% | $5K | $11K | 10x | as long as short |
| Hyperliquid NEARshort | +0.1098% | 1h | 4.1469 | +0.317% | $349.2M | $300.6M | 10x | |
| HTX NEAR-USDT | +0.1131% | 8h | 4.1410 | +0.174% | $448K | $3.8M | 75x | as long as short |
Binance NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Bulk NEAR-USD
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDC
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
Arcus NEAR-USD
Kraken Futures PF_NEARUSD
Deribit NEAR_USDC-PERPETUAL
BloFin NEAR-USDT
01 Exchange NEARUSD
Nado NEAR-PERP
Lighter RH NEAR
GMX NEAR/USD [ETH-USDC]
RISEx NEAR/USDC
Phoenix NEAR
Backpack NEAR_USDC_PERP
Lighter NEAR
Aftermath Perps NEARUSD
HTX NEAR-USDT