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
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%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX NEAR-USD | 4.2951 | 0 | get 0.0000% / 1h | 23m 16s | $106K | $68K | 10x |
| Short | Hyperliquid NEAR | 4.3033 | 0.0673 | get 0.0084% / 1h | 23m 16s | $352.5M | $309.2M | 10x |
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 itlatest
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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy dYdX live order book, 26 min ago | 43.23 bp | 48.3 bp −$48 | 75.6 bp −$756 | 124.6 bp −$12.5K | 192.7 bp −$96.4K |
| Sell Hyperliquid live order book, 11 min ago | 0.70 bp | 6.9 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 | 4.2995 | +0.102% | $2K | — | 20x | as long as short |
| dYdX NEAR-USDlong | 0.0000% | 1h | 4.2951 | long leg | $106K | $68K | 10x | |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.2989 | +0.087% | $161K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −3.589% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3000 | +0.113% | $113K | $498K | 50x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.3039 | +0.205% | $263.4M | $1.08B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.2979 | +0.064% | $214.5M | $420.0M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.2990 | +0.090% | $60.4M | $285.1M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.2997 | +0.107% | $245K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.2978 | +0.062% | $32.5M | $60.1M | 75x | as long as short |
Show all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC NEAR_USDT | +0.0100% | 8h | 4.2990 | +0.090% | $77.2M | $144.6M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3030 | +0.183% | $51.8M | $45.8M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.2987 | +0.083% | $71.1M | $127.1M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.3010 | +0.136% | — | $6.6M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.2778 | −0.404% | $8.1M | $18.0M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.2867 | −0.196% | $258K | $954K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3020 | +0.159% | $1.4M | $1.5M | 10x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3017 | +0.153% | $263K | $3.9M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.3031 | +0.185% | $56K | $243K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3090 | +0.323% | $2K | $1.3M | 20x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.3190 | +0.555% | $465K | $4.0M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3000 | +0.113% | $3.6M | $8.3M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.2968 | +0.038% | $31K | $608 | 10x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.3045 | +0.218% | $200K | $37K | 3x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.3060 | +0.253% | $13.3M | $31.6M | 75x | as long as short |
| ApeX Omni NEARUSDT | +0.0226% | 1h | 4.2860 | −0.213% | $165K | $794K | 50x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0256% | 1h | 4.3025 | +0.171% | $2.3M | $15.9M | 50x | as long as short |
| Kalshi KXNEARPERP | +0.0285% | 8h | 4.2965 | +0.032% | $902K | $24.5M | 2.2x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0311% / S −0.0198% | 1h | 4.2973 | +0.051% | $232K | — | 100x | as long as short |
| Aster NEARUSDT | +0.0333% | 8h | 4.3020 | +0.160% | $2.8M | $5.3M | 50x | as long as short |
| Nado NEAR-PERP | +0.0400% | 1h | 4.3004 | +0.122% | $1.7M | $3.2M | 10x | as long as short |
| Extended NEAR-USD | +0.0520% | 1h | 4.2981 | +0.069% | $3.6M | $19.6M | 25x | as long as short |
| SoDEX NEAR-USD | +0.0575% | 1h | 4.3015 | +0.148% | $6K | $52K | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0668% | 1h | 4.3076 | +0.290% | $1.3M | $6.6M | 20x | as long as short |
| Hyperliquid NEARshort | +0.0673% | 1h | 4.3033 | +0.190% | $352.5M | $309.2M | 10x | |
| Kraken Futures PF_NEARUSD | +0.0736% | 1h | 4.2992 | +0.094% | $7.4M | $38.8M | 50x | as long as short |
| 01 Exchange NEARUSD | +0.0744% | 1h | 4.3016 | +0.150% | $13K | $7K | 10x | as long as short |
| Arcus NEAR-USD | +0.0814% | 1h | 4.3000 | +0.113% | $222K | $1.6M | 10x | as long as short |
| Pacifica NEAR | +0.0847% | 1h | 4.3000 | +0.113% | $394K | $1.3M | 10x | as long as short |
| Lighter NEAR | +0.0936% | 1h | 4.3064 | +0.263% | $16.8M | $25.1M | 15x | as long as short |
| Phoenix NEAR | +0.1033% | 1h | 4.3164 | +0.495% | $1.8M | $2.5M | 10x | as long as short |
| Lighter RH NEAR | +0.1128% | 1h | 4.3063 | +0.260% | $1.4M | $7.4M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.1146% | 1h | 4.3036 | +0.197% | $1.9M | $11.1M | 25x | as long as short |
| RISEx NEAR/USDC | +0.1220% | 1h | 4.2988 | +0.085% | $686K | $1.3M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1386% | 1h | 4.2970 | +0.043% | $5K | $12K | 10x | as long as short |
Hyperliquid NEAR
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
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
Polymarket Perps NEAR-USD
SunX NEAR-USDT
HTX NEAR-USDT
Phemex NEARUSDT
Paradex NEAR-USD-PERP
BloFin NEAR-USDT
ApeX Omni NEARUSDT
Coinbase International NEAR-PERP-INTX
Kalshi KXNEARPERP
GMX NEAR/USD [ETH-USDC]
Aster NEARUSDT
Extended NEAR-USD
SoDEX NEAR-USD
Backpack NEAR_USDC_PERP
Kraken Futures PF_NEARUSD
01 Exchange NEARUSD
Pacifica NEAR
Lighter NEAR
Phoenix NEAR
Lighter RH NEAR
Deribit NEAR_USDC-PERPETUAL
RISEx NEAR/USDC
Aftermath Perps NEARUSD