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

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0673%/8h= +73.7% APRnext payment +$0.84 per $10,000 · paid last 24h +0.207%
Price spread now: Hyperliquid against dYdX+0.190%7-day average +0.133% · you sell dearer than you buy
Net, funding: paid 7d − costs−$67as in the Funding arb table
Net, price: spread back to 7d avg − costs−$121as in the Price arb table
costs, in and out, $10k−$1271.267% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.592%+$59 on $10k
Price spread, last 4 days (all we have)−0.046%−$5 · spread now +0.190%, 7d avg +0.133%
Together, before fees+0.546%+ Points / potential airdropHyperliquid: Season 2 · farm board+$55 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and Hyperliquid is 0.057% dearer against dYdX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.133%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX NEAR-USD4.29510get 0.0000% / 1h23m 16s$106K$68K10x
ShortHyperliquid NEAR4.30330.0673get 0.0084% / 1h23m 16s$352.5M$309.2M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against dYdX. 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
$141.31
Price spread: +0.190% → +0.133%
$5.72
Slippage, 4 orders
−$107.65
Fee dYdX: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$20.38
Costs to cover
1.267%
Break-even
6.0 days
Slippage from dYdX: live order book, 26 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 dYdX live order book, 26 min ago43.23 bp48.3 bp −$4875.6 bp −$756124.6 bp −$12.5K192.7 bp −$96.4K
Sell Hyperliquid live order book, 11 min ago0.70 bp6.9 bp −$7doesn'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%1h4.2995+0.102%$2K20xas long as short
dYdX NEAR-USDlong0.0000%1h4.2951long leg$106K$68K10x
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.2989+0.087%$161K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−3.589%$578$301K12xas long as short
Popdex NEARUSDT+0.0096%1h4.3000+0.113%$113K$498K50xas long as short
Binance NEARUSDT+0.0100%8h4.3039+0.205%$263.4M$1.08B75xas long as short
Bybit NEARUSDT+0.0100%8h4.2979+0.064%$214.5M$420.0M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.2990+0.090%$60.4M$285.1M50xas long as short
Bulk NEAR-USD+0.0100%1h4.2997+0.107%$245K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.2978+0.062%$32.5M$60.1M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC NEAR_USDT+0.0100%8h4.2990+0.090%$77.2M$144.6M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.3030+0.183%$51.8M$45.8M75xas long as short
Bitget NEARUSDT+0.0100%8h4.2987+0.083%$71.1M$127.1M75xas long as short
BingX NEAR-USDC+0.0100%8h4.3010+0.136%$6.6Mas long as short
Variational Omni NEAR+0.0100%8h4.2778−0.404%$8.1M$18.0Mas long as short
edgeX NEARUSDC+0.0100%4h4.2867−0.196%$258K$954K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.3020+0.159%$1.4M$1.5M10xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.3017+0.153%$263K$3.9M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.3031+0.185%$56K$243K20xas long as short
SunX NEAR-USDT+0.0100%8h4.3090+0.323%$2K$1.3M20xas long as short
HTX NEAR-USDT+0.0100%8h4.3190+0.555%$465K$4.0M75xas long as short
Phemex NEARUSDT+0.0100%8h4.3000+0.113%$3.6M$8.3M50xas long as short
Paradex NEAR-USD-PERP+0.0101%8h4.2968+0.038%$31K$60810xas long as short
Aevo NEAR-PERP+0.0104%1h4.3045+0.218%$200K$37K3xas long as short
BloFin NEAR-USDT+0.0220%8h4.3060+0.253%$13.3M$31.6M75xas long as short
ApeX Omni NEARUSDT+0.0226%1h4.2860−0.213%$165K$794K50xas long as short
Coinbase International NEAR-PERP-INTX+0.0256%1h4.3025+0.171%$2.3M$15.9M50xas long as short
Kalshi KXNEARPERP+0.0285%8h4.2965+0.032%$902K$24.5M2.2xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0311% / S −0.0198%1h4.2973+0.051%$232K100xas long as short
Aster NEARUSDT+0.0333%8h4.3020+0.160%$2.8M$5.3M50xas long as short
Nado NEAR-PERP+0.0400%1h4.3004+0.122%$1.7M$3.2M10xas long as short
Extended NEAR-USD+0.0520%1h4.2981+0.069%$3.6M$19.6M25xas long as short
SoDEX NEAR-USD+0.0575%1h4.3015+0.148%$6K$52K10xas long as short
Backpack NEAR_USDC_PERP+0.0668%1h4.3076+0.290%$1.3M$6.6M20xas long as short
Hyperliquid NEARshort+0.0673%1h4.3033+0.190%$352.5M$309.2M10x
Kraken Futures PF_NEARUSD+0.0736%1h4.2992+0.094%$7.4M$38.8M50xas long as short
01 Exchange NEARUSD+0.0744%1h4.3016+0.150%$13K$7K10xas long as short
Arcus NEAR-USD+0.0814%1h4.3000+0.113%$222K$1.6M10xas long as short
Pacifica NEAR+0.0847%1h4.3000+0.113%$394K$1.3M10xas long as short
Lighter NEAR+0.0936%1h4.3064+0.263%$16.8M$25.1M15xas long as short
Phoenix NEAR+0.1033%1h4.3164+0.495%$1.8M$2.5M10xas long as short
Lighter RH NEAR+0.1128%1h4.3063+0.260%$1.4M$7.4M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.1146%1h4.3036+0.197%$1.9M$11.1M25xas long as short
RISEx NEAR/USDC+0.1220%1h4.2988+0.085%$686K$1.3M10xas long as short
Aftermath Perps NEARUSD+0.1386%1h4.2970+0.043%$5K$12K10xas long as short