Funding you earn now, next payment 01:00 UTC−0.0112%/8h= −12.2% APRpaid last 24h −0.178%
Price spread now: BingX against Hyperliquid−0.220%7-day average −0.105% · you buy dearer than you sell
Net, funding: paid 7d − costs−$83as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$390.386% of the position
Funding, last 7 days−0.440%−$44 on $10k
+Price spread, last 7 days+0.209%+$21 · spread now −0.220%, 7d avg −0.105%
=Together, before fees−0.231%+ Points / potential airdropHyperliquid: Season 2 · farm board−$23 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and BingX is 0.114% cheaper against Hyperliquid than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.105%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid NEAR | 4.2794 | 0.0212 | pay 0.0026% / 1h | 40m 56s | $363.3M | $302.3M | 10x |
| Short | BingX NEAR-USDC | 4.2700 | 0.0100 | get 0.0100% / 8h | 7h 40m | — | $6.6M | — |
Hyperliquid NEAR
BingX NEAR-USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$23.47
- Price spread: −0.220% → −0.105%
- −$11.44
- Slippage, 4 orders
- −$19.58
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$73.49
- Costs to cover
- 0.386%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 13 min ago; BingX: 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, 13 min ago | 1.04 bp | 7.9 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 6 min ago | 1.17 bp | 12.2 bp −$12 | 26.8 bp −$268 | 61.0 bp −$6,098 | 483.7 bp −$241.9K |
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 | 4.2658 | −0.317% | $2K | — | 20x | as long as short |
| Bybit NEARUSDT | −0.0137% | 8h | 4.2700 | −0.220% | $217.6M | $418.6M | 75x | as long as short |
| Kraken Futures PF_NEARUSD | −0.0131% | 1h | 4.2846 | +0.121% | $7.5M | $36.9M | 50x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0096% | 1h | 4.2792 | −0.005% | $2.3M | $13.0M | 50x | as long as short |
| Gate NEAR_USDT | −0.0087% | 8h | 4.2719 | −0.175% | $30.8M | $58.9M | 75x | as long as short |
| 01 Exchange NEARUSD | −0.0008% | 1h | 4.2667 | −0.297% | $13K | $7K | 10x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.2699 | −0.222% | $111K | $64K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.2716 | −0.182% | $415K | $18.5M | 2.2x | as long as short |
| Variational Omni NEAR | +0.0002% | 8h | 4.2588 | −0.480% | $7.9M | $18.7M | — | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.2761 | −0.077% | $202K | — | 150x | as long as short |
Reya NEARRUSDPERP
Bybit NEARUSDT
Kraken Futures PF_NEARUSD
Coinbase International NEAR-PERP-INTX
Gate NEAR_USDT
01 Exchange NEARUSD
dYdX NEAR-USD
Kalshi KXNEARPERP
Variational Omni NEAR
gTrade (Gains Network) NEAR/USDShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −3.234% | $578 | $302K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.2670 | −0.290% | $111K | $480K | 50x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0099% | 8h | 4.2817 | +0.054% | $57K | $193K | 20x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.2691 | −0.241% | $31K | $647 | 10x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.2748 | −0.108% | $3.0M | $5.7M | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.2666 | −0.300% | $399K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.2736 | −0.136% | $254.1M | $1.07B | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.2690 | −0.243% | $60.7M | $277.8M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.2700 | −0.220% | $196K | $1.8M | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3050 | +0.598% | $245K | −$0 | 10x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.2730 | −0.150% | $78.8M | $139.0M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.2770 | −0.056% | $56.0M | $43.0M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.2729 | −0.152% | $70.9M | $124.8M | 75x | as long as short |
| BingX NEAR-USDCshort | +0.0100% | 8h | 4.2700 | −0.220% | — | $6.6M | — | |
| edgeX NEARUSDC | +0.0100% | 4h | 4.2773 | −0.049% | $275K | $1.2M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.2740 | −0.126% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.2880 | +0.201% | $179K | $790K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.2672 | −0.285% | $195K | $3.5M | 10x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.2870 | +0.178% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.2810 | +0.037% | $5K | $52K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.2870 | +0.178% | $456K | $3.6M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.2830 | +0.084% | $3.8M | $8.5M | 50x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.2709 | −0.199% | $3.9M | $17.2M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.2778 | −0.038% | $199K | $28K | 3x | as long as short |
| Hyperliquid NEARlong | +0.0212% | 1h | 4.2794 | long leg | $363.3M | $302.3M | 10x | |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.2830 | +0.084% | $13.1M | $28.9M | 75x | as long as short |
| Lighter RH NEAR | +0.0304% | 1h | 4.2879 | +0.199% | $1.6M | $6.9M | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0373% / S −0.0307% | 1h | 4.2744 | −0.117% | $272K | — | 100x | as long as short |
| RISEx NEAR/USDC | +0.0428% | 1h | 4.2688 | −0.247% | $404K | $1.2M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0445% | 1h | 4.2800 | +0.014% | $1.3M | $5.7M | 20x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0498% | 1h | 4.2838 | +0.103% | $1.9M | $3.2M | 25x | as long as short |
| Phoenix NEAR | +0.0499% | 1h | 4.2790 | −0.009% | $1.8M | $2.7M | 10x | as long as short |
| Nado NEAR-PERP | +0.0515% | 1h | 4.2660 | −0.313% | $1.9M | $3.3M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1308% | 1h | 4.2867 | +0.171% | $5K | $12K | 10x | as long as short |
| Lighter NEAR | +0.2136% | 1h | 4.2955 | +0.375% | $17.2M | $23.9M | 15x | as long as short |
Injective NEAR/USDC PERP
Popdex NEARUSDT
Orderly PERP_NEAR_USDC
Paradex NEAR-USD-PERP
Aster NEARUSDT
Pacifica NEAR
Binance NEARUSDT
OKX NEAR-USDT-SWAP
Arcus NEAR-USD
Bulk NEAR-USD
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
SunX NEAR-USDT
SoDEX NEAR-USD
HTX NEAR-USDT
Phemex NEARUSDT
Extended NEAR-USD
Aevo NEAR-PERP
BloFin NEAR-USDT
Lighter RH NEAR
GMX NEAR/USD [ETH-USDC]
RISEx NEAR/USDC
Backpack NEAR_USDC_PERP
Deribit NEAR_USDC-PERPETUAL
Phoenix NEAR
Nado NEAR-PERP
Aftermath Perps NEARUSD
Lighter NEAR