NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0521%/8h= −57.0% APRnext payment −$0.65 per $10,000 · paid last 24h −0.178%

Price spread now: Aevo against Hyperliquid−0.040%7-day average −0.122% · you buy dearer than you sell

Net, funding: paid 7d − costs−$150as in the Funding arb table

Net, price: spread back to 7d avg − costs−$107as in the Price arb table

costs, in and out, $10k−$1151.155% of the position

Long on Hyperliquid Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days−0.349%−$35 on $10k

Price spread, last 3 days (all we have)+0.020%+$2 · spread now −0.040%, 7d avg −0.122%

Together, before fees−0.328%+ Points / potential airdropHyperliquid: Season 2 · farm board−$33 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aevo is 0.082% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.040% now, against its 7-day average of −0.122%): +$8 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 13 hours. At the pace of the last 7 days (−0.349% in total) that is about 40 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.349% in total (about -18.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.65 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	Hyperliquid NEAR	4.2842	0.0625	pay 0.0078% / 1h	7m 47s	$365.4M	$300.9M	10x
Short	Aevo NEAR-PERP	4.2825	0.0104	get 0.0013% / 1h	7m 47s	$202K	$66K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Hyperliquid. 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 HyperliquidbpFee AevobpOrdersPrice spread, now −0.040%Rate

Funding earned: −$109.34
Price spread: −0.040% → −0.122%: $8.25
Slippage, 4 orders: −$90.47
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$216.57
Costs to cover: 1.155%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 6 min ago; Aevo: 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 Hyperliquid live order book, 6 min ago	0.12 bp	5.7 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell Aevo live order book, 6 min ago	42.17 bp	50.2 bp −$50	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	4.2807	−0.082%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0072%	1h	4.2739	−0.240%	$2.2M	$13.1M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2754	−0.206%	$111K	$62K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2741	−0.236%	$372K	$18.7M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2852	+0.023%	$203K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.343%	$578	$302K	12x	as long as short
Variational Omni NEAR	+0.0037%	8h	4.2689	−0.358%	$7.9M	$18.5M	—	as long as short
Bybit NEARUSDT	+0.0046%	8h	4.2760	−0.191%	$217.8M	$421.9M	75x	as long as short
01 Exchange NEARUSD	+0.0064%	1h	4.2850	+0.019%	$13K	$7K	10x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2820	−0.051%	$110K	$497K	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2839	−0.007%	$57K	$194K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2730	−0.261%	$31K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2820	−0.052%	$3.0M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.2757	−0.200%	$400K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2763	−0.184%	$253.2M	$1.08B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2760	−0.191%	$60.7M	$286.5M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2780	−0.145%	$196K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2757	−0.198%	$244K	$2K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2770	−0.168%	$30.9M	$60.7M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2790	−0.121%	$78.5M	$142.7M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2800	−0.098%	$55.8M	$43.4M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2771	−0.166%	$70.9M	$126.2M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.2770	−0.168%	—	$140.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2701	−0.330%	$243K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2727	−0.268%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2750	−0.215%	$179K	$792K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2843	+0.002%	$194K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2880	+0.089%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2820	−0.051%	$4K	$54K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2780	−0.145%	$3.8M	$8.5M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2761	−0.188%	$3.8M	$16.3M	25x	as long as short
Aevo NEAR-PERPshort	+0.0104%	1h	4.2825	−0.040%	$202K	$66K	3x
Kraken Futures PF_NEARUSD	+0.0118%	1h	4.2847	+0.013%	$7.6M	$37.5M	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2720	−0.285%	$13.0M	$29.3M	75x	as long as short
Lighter RH NEAR	+0.0328%	1h	4.2822	−0.047%	$1.6M	$7.1M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0376% / S −0.0316%	1h	4.2852	+0.022%	$275K	—	100x	as long as short
RISEx NEAR/USDC	+0.0404%	1h	4.2827	−0.036%	$420K	$1.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0449%	1h	4.2853	+0.026%	$1.4M	$5.6M	20x	as long as short
Phoenix NEAR	+0.0463%	1h	4.2832	−0.023%	$1.8M	$2.7M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0497%	1h	4.2872	+0.070%	$1.9M	$2.7M	25x	as long as short
Hyperliquid NEARlong	+0.0625%	1h	4.2842	long leg	$365.4M	$300.9M	10x
Nado NEAR-PERP	+0.0660%	1h	4.2805	−0.086%	$1.9M	$3.4M	10x	as long as short
HTX NEAR-USDT	+0.0758%	8h	4.2850	+0.019%	$457K	$3.7M	75x	as long as short
Aftermath Perps NEARUSD	+0.1140%	1h	4.2836	−0.014%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1776%	1h	4.2889	+0.109%	$16.9M	$24.6M	15x	as long as short