Funding you earn now, next payment 22:00 UTC−0.1012%/8h= −110.9% APRpaid last 24h −0.177%
Price spread now: Binance against Hyperliquid−0.225%7-day average −0.087% · you buy dearer than you sell
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$260.261% of the position
Funding, last 7 days−0.370%−$37 on $10k
+Price spread, last 7 days+0.229%+$23 · spread now −0.225%, 7d avg −0.087%
=Together, before fees−0.141%+ Points / potential airdropHyperliquid: Season 2 · farm board−$14 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$30 a day on $10k at the current rate, and Binance is 0.138% cheaper against Hyperliquid than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.087%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.370% in total (about -19.3% 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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid NEAR | 4.1374 | 0.1112 | pay 0.0139% / 1h | 38m 45s | $348.4M | $300.5M | 10x |
| Short | Binance NEARUSDT | 4.1281 | 0.0100 | get 0.0100% / 8h | 2h 38m | $235.1M | $1.09B | 75x |
Hyperliquid NEAR
Binance NEARUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Hyperliquid. 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
- −$212.59
- Price spread: −0.225% → −0.087%
- −$13.84
- Slippage, 4 orders
- −$7.09
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$252.52
- Costs to cover
- 0.261%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 5 min ago; Binance: live order book, 5 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, 5 min ago | 0.12 bp | 6.5 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 5 min ago | 1.22 bp | 7.0 bp −$7 | 11.2 bp −$112 | 28.9 bp −$2,889 | 103.8 bp −$51.9K |
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 | 4.1258 | −0.280% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0024% | 1h | 4.1215 | −0.384% | $2.1M | $12.6M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.1297 | −0.185% | $104K | $54K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.1348 | −0.063% | $410K | $19.1M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.1300 | −0.179% | $204K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.0730 | −1.557% | $569 | $239K | 12x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0065% | 1h | 4.1328 | −0.111% | $1.8M | $2.1M | 25x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.1230 | −0.348% | $107K | $489K | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.1280 | −0.227% | $30K | $647 | 10x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.1376 | +0.005% | $2.9M | $5.9M | 50x | as long as short |
Reya NEARRUSDPERP
Coinbase International NEAR-PERP-INTX
dYdX NEAR-USD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Deribit NEAR_USDC-PERPETUAL
Popdex NEARUSDT
Paradex NEAR-USD-PERP
Aster NEARUSDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica NEAR | +0.0100% | 1h | 4.1295 | −0.190% | $365K | $1.2M | 10x | as long as short |
| Binance NEARUSDTshort | +0.0100% | 8h | 4.1281 | −0.225% | $235.1M | $1.09B | 75x | |
| Bybit NEARUSDT | +0.0100% | 8h | 4.1260 | −0.276% | $210.4M | $427.9M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.1260 | −0.276% | $56.5M | $276.6M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.1240 | −0.324% | $235K | $6K | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.1311 | −0.152% | $29.5M | $58.0M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.1290 | −0.203% | $79.7M | $142.5M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.1330 | −0.106% | $56.1M | $45.2M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.1299 | −0.181% | $68.8M | $127.8M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.1320 | −0.131% | — | $6.6M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.1205 | −0.408% | $7.5M | $18.4M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.1188 | −0.451% | $234K | $1.3M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.1160 | −0.517% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.1200 | −0.421% | $182K | $790K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.1276 | −0.237% | $204K | $3.1M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.1301 | −0.176% | $53K | $159K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.1330 | −0.106% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.1285 | −0.215% | $5K | $46K | 10x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.1300 | −0.179% | $3.8M | $8.4M | 50x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.1297 | −0.187% | $3.6M | $14.5M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.1295 | −0.191% | $200K | $65K | 3x | as long as short |
| Arcus NEAR-USD | +0.0118% | 1h | 4.1250 | −0.300% | $306K | $1.6M | 10x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0150% | 1h | 4.1300 | −0.180% | $7.1M | $36.7M | 50x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.1310 | −0.155% | $12.1M | $33.5M | 75x | as long as short |
| 01 Exchange NEARUSD | +0.0280% | 1h | 4.1241 | −0.321% | $12K | $7K | 10x | as long as short |
| Nado NEAR-PERP | +0.0344% | 1h | 4.1221 | −0.369% | $1.8M | $3.6M | 10x | as long as short |
| Lighter RH NEAR | +0.0352% | 1h | 4.1360 | −0.034% | $1.4M | $7.2M | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0373% / S −0.0317% | 1h | 4.1276 | −0.236% | $272K | — | 100x | as long as short |
| RISEx NEAR/USDC | +0.0569% | 1h | 4.1248 | −0.305% | $414K | $1.2M | 10x | as long as short |
| Phoenix NEAR | +0.0582% | 1h | 4.1355 | −0.046% | $1.7M | $2.8M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0810% | 1h | 4.1353 | −0.051% | $1.4M | $5.7M | 20x | as long as short |
| Lighter NEAR | +0.0888% | 1h | 4.1364 | −0.025% | $15.4M | $22.6M | 15x | as long as short |
| Aftermath Perps NEARUSD | +0.1060% | 1h | 4.1196 | −0.431% | $5K | $11K | 10x | as long as short |
| Hyperliquid NEARlong | +0.1112% | 1h | 4.1374 | long leg | $348.4M | $300.5M | 10x | |
| HTX NEAR-USDT | +0.1132% | 8h | 4.1470 | +0.232% | $448K | $3.8M | 75x | as long as short |
Pacifica NEAR
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
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
SoDEX NEAR-USD
Phemex NEARUSDT
Extended NEAR-USD
Aevo NEAR-PERP
Arcus NEAR-USD
Kraken Futures PF_NEARUSD
BloFin NEAR-USDT
01 Exchange NEARUSD
Nado NEAR-PERP
Lighter RH NEAR
GMX NEAR/USD [ETH-USDC]
RISEx NEAR/USDC
Phoenix NEAR
Backpack NEAR_USDC_PERP
Lighter NEAR
Aftermath Perps NEARUSD
HTX NEAR-USDT