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

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0585%/8h= +64.0% APRpaid last 24h +0.048%
Price spread now: Hyperliquid against HTX+0.033%7-day average −0.119% · you sell dearer than you buy
Net, funding: paid 7d − costs−$73as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$510.513% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.217%−$22 on $10k
Price spread, last 3 days (all we have)−0.189%−$19 · spread now +0.033%, 7d avg −0.119%
Together, before fees−0.405%+ Points / potential airdropHyperliquid: Season 2 · farm board−$41 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Hyperliquid is 0.152% dearer against HTX than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of −0.119%. Mind the row above: over the last 7 days funding on this pair cost −0.217%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.217% in total (about -11.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX NEAR-USDT4.30400.0100pay 0.0100% / 8h6h 53m$437K$3.8M75x
ShortHyperliquid NEAR4.30540.0685get 0.0086% / 1h53m 58s$364.0M$301.9M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against HTX. 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
$122.79
Price spread: +0.033% → −0.119%
$15.17
Slippage, 4 orders
−$30.33
Fee HTX: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$86.64
Costs to cover
0.513%
Break-even
2.1 days
Slippage from HTX: live order book, 5 min ago; Hyperliquid: live order book, 10 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 HTX live order book, 5 min ago8.11 bp17.0 bp −$1766.2 bp −$662doesn't fitdoesn't fit
Sell Hyperliquid live order book, 10 min ago0.12 bp9.2 bp −$9doesn'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%1h4.2836−0.473%$2K20xas long as short
Coinbase International NEAR-PERP-INTX−0.0064%1h4.2953−0.202%$2.1M$13.3M50xas long as short
dYdX NEAR-USD0.0000%1h4.2867−0.403%$107K$69K10xas long as short
Kalshi KXNEARPERP0.0000%8h4.2829−0.490%$412K$18.9M2.2xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0004%1h4.2841−0.462%$156K150xas long as short
Variational Omni NEAR+0.0025%8h4.2868−0.399%$8.1M$18.8Mas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−3.787%$578$302K12xas long as short
Popdex NEARUSDT+0.0096%1h4.2800−0.558%$114K$475K50xas long as short
Orderly PERP_NEAR_USDC+0.0099%8h4.2943−0.225%$57K$162K20xas long as short
Aster NEARUSDT+0.0100%8h4.2943−0.225%$3.0M$5.8M50xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica NEAR+0.0100%1h4.2890−0.349%$404K$1.2M10xas long as short
Binance NEARUSDT+0.0100%8h4.3027−0.031%$255.3M$1.05B75xas long as short
Bybit NEARUSDT+0.0100%8h4.3010−0.070%$218.5M$417.4M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.3030−0.023%$60.4M$276.8M50xas long as short
Arcus NEAR-USD+0.0100%1h4.2850−0.441%$203K$1.7M10xas long as short
Bulk NEAR-USD+0.0100%1h4.3162+0.284%$246K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.2976−0.149%$30.8M$59.8M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.3070+0.070%$75.4M$136.5M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.3060+0.046%$55.5M$42.7M75xas long as short
Bitget NEARUSDT+0.0100%8h4.3026−0.033%$71.2M$123.0M75xas long as short
BingX NEAR-USDC+0.0100%8h4.3000−0.093%$6.6Mas long as short
edgeX NEARUSDC+0.0100%4h4.2963−0.179%$258K$1.0M20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.2860−0.418%$1.4M$1.3M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.2960−0.186%$178K$777K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.2859−0.421%$208K$3.5M10xas long as short
SunX NEAR-USDT+0.0100%8h4.3010−0.070%$1K$1.4M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.2985−0.128%$5K$51K10xas long as short
HTX NEAR-USDTlong+0.0100%8h4.3040long leg$437K$3.8M75x
Phemex NEARUSDT+0.0100%8h4.2960−0.186%$3.8M$8.3M50xas long as short
Paradex NEAR-USD-PERP+0.0100%8h4.2824−0.501%$31K$60810xas long as short
Extended NEAR-USD+0.0104%1h4.3025−0.035%$3.8M$17.3M25xas long as short
Aevo NEAR-PERP+0.0104%1h4.2934−0.247%$200K$31K3xas long as short
Kraken Futures PF_NEARUSD+0.0220%1h4.3015−0.057%$7.7M$37.9M50xas long as short
BloFin NEAR-USDT+0.0220%8h4.2850−0.441%$13.2M$27.4M75xas long as short
01 Exchange NEARUSD+0.0296%1h4.2829−0.490%$13K$7K10xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0376% / S −0.0308%1h4.2845−0.452%$274K100xas long as short
Nado NEAR-PERP+0.0394%1h4.2840−0.465%$1.9M$3.1M10xas long as short
Phoenix NEAR+0.0499%1h4.2970−0.163%$1.8M$2.6M10xas long as short
Lighter RH NEAR+0.0504%1h4.3033−0.016%$1.6M$6.9M10xas long as short
RISEx NEAR/USDC+0.0509%1h4.2829−0.490%$429K$1.2M10xas long as short
Hyperliquid NEARshort+0.0685%1h4.3054+0.033%$364.0M$301.9M10x
Deribit NEAR_USDC-PERPETUAL+0.0706%1h4.2936−0.242%$1.9M$4.0M25xas long as short
Backpack NEAR_USDC_PERP+0.0716%1h4.3038−0.005%$1.4M$6.0M20xas long as short
Lighter NEAR+0.1352%1h4.3091+0.118%$17.2M$24.4M15xas long as short
Aftermath Perps NEARUSD+0.1503%1h4.3010−0.069%$5K$12K10xas long as short