NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0995%/8h= +108.9% APRnext payment +$1.24 per $10,000 · paid last 24h +0.178%

Price spread now: Hyperliquid against Extended+0.196%7-day average +0.147% · you sell dearer than you buy

Net, funding: paid 7d − costs+$10as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$250.253% of the position

Long on Extended Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.351%+$35 on $10k

Price spread, last 7 days−0.208%−$21 · spread now +0.196%, 7d avg +0.147%

Together, before fees+0.142%+ Points / potential airdropExtended: Active · Hyperliquid: Season 2 · farm board+$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$30 a day on $10k at the current rate, and Hyperliquid is 0.050% dearer against Extended than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.147%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.351% in total (about 18.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.24 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	Extended NEAR-USD	4.1431	0.0104	pay 0.0013% / 1h	37m 14s	$3.6M	$14.5M	25x
Short	Hyperliquid NEAR	4.1512	0.1099	get 0.0137% / 1h	37m 14s	$349.6M	$300.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Extended. 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

Position, each leg$Hold fordaysFee ExtendedbpFee HyperliquidbpOrdersPrice spread, now +0.196%Rate

Funding earned: $208.94
Price spread: +0.196% → +0.147%: $4.97
Slippage, 4 orders: −$11.3
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $188.61
Costs to cover: 0.253%
Break-even: 0.7 days

Slippage from Extended: live order book, 2 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 Extended live order book, 2 min ago	0.85 bp	5.8 bp −$6	13.6 bp −$136	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 7 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	4.1424	−0.016%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0024%	1h	4.1338	−0.224%	$2.1M	$12.7M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.1413	−0.043%	$104K	$54K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.1337	−0.226%	$411K	$19.1M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.1436	+0.012%	$205K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.0730	−1.691%	$569	$239K	12x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0039%	1h	4.1470	+0.095%	$1.8M	$2.1M	25x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.1430	−0.002%	$107K	$489K	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.1390	−0.097%	$30K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.1401	−0.071%	$2.9M	$5.9M	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica NEAR	+0.0100%	1h	4.1401	−0.071%	$366K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.1430	−0.002%	$236.0M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.1410	−0.050%	$211.3M	$427.7M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.1430	−0.002%	$56.6M	$277.6M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.1240	−0.461%	$235K	$6K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.1441	+0.025%	$29.6M	$58.0M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.1440	+0.023%	$80.1M	$142.6M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.1470	+0.095%	$56.3M	$45.1M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.1441	+0.025%	$69.0M	$127.8M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.1430	−0.002%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.1205	−0.544%	$7.5M	$18.4M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.1283	−0.357%	$235K	$1.3M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.1160	−0.653%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.1200	−0.557%	$182K	$790K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.1450	+0.047%	$205K	$3.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.1446	+0.037%	$53K	$159K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.1440	+0.023%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.1390	−0.098%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.1410	−0.050%	$3.8M	$8.4M	50x	as long as short
Extended NEAR-USDlong	+0.0104%	1h	4.1431	long leg	$3.6M	$14.5M	25x
Aevo NEAR-PERP	+0.0104%	1h	4.1435	+0.011%	$201K	$65K	3x	as long as short
Arcus NEAR-USD	+0.0118%	1h	4.1420	−0.026%	$307K	$1.6M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0150%	1h	4.1404	−0.065%	$7.1M	$36.6M	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.1310	−0.291%	$12.1M	$33.5M	75x	as long as short
01 Exchange NEARUSD	+0.0272%	1h	4.1458	+0.066%	$12K	$7K	10x	as long as short
Lighter RH NEAR	+0.0336%	1h	4.1450	+0.047%	$1.4M	$7.2M	10x	as long as short
Nado NEAR-PERP	+0.0344%	1h	4.1385	−0.110%	$1.8M	$3.6M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0373% / S −0.0317%	1h	4.1430	−0.003%	$273K	—	100x	as long as short
RISEx NEAR/USDC	+0.0569%	1h	4.1451	+0.048%	$416K	$1.2M	10x	as long as short
Phoenix NEAR	+0.0582%	1h	4.1355	−0.183%	$1.7M	$2.8M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0809%	1h	4.1460	+0.071%	$1.4M	$5.7M	20x	as long as short
Lighter NEAR	+0.0888%	1h	4.1469	+0.093%	$15.4M	$22.6M	15x	as long as short
Aftermath Perps NEARUSD	+0.1050%	1h	4.1275	−0.375%	$5K	$11K	10x	as long as short
Hyperliquid NEARshort	+0.1099%	1h	4.1512	+0.196%	$349.6M	$300.6M	10x
HTX NEAR-USDT	+0.1131%	8h	4.1540	+0.264%	$449K	$3.8M	75x	as long as short