Funding you earn now, next payment 23:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.142%
Price spread now: BloFin against Hyperliquid−0.226%87s7-day average −0.119% · you buy dearer than you sell
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$380.377% of the position
Funding, last 7 days−0.145%−$14 on $10k
+Price spread, last 3 days (all we have)+0.224%+$22 · spread now −0.226%, 7d avg −0.119%
=Together, before fees+0.079%+ Points / potential airdropHyperliquid: Season 2 · farm board+$8 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BloFin is 0.107% cheaper against Hyperliquid than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.119%). Swap the legs. The two prices were read 87 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid NEAR | 4.1534 | 0.0270 | pay 0.0034% / 1h | 37m 43s | $349.5M | $297.7M | 10x |
| Short | BloFin NEAR-USDT | 4.1440 | 0.0220 | get 0.0220% / 8h | 1h 37m | $12.3M | $33.2M | 75x |
Hyperliquid NEAR
BloFin NEAR-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$10.59
- Price spread: −0.226% → −0.119%
- −$10.73
- Slippage, 4 orders
- −$16.65
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$58.97
- Costs to cover
- 0.377%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 6 min ago; BloFin: 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 | 0.96 bp | 8.8 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 6 min ago | 1.20 bp | 11.6 bp −$12 | 14.2 bp −$142 | 25.6 bp −$2,563 | 83.4 bp −$41.7K |
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 | 4.1476 | −0.139% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0032% | 1h | 4.1450 | −0.202% | $2.1M | $12.6M | 50x | as long as short |
| Injective NEAR/USDC PERP | −0.0002% | 1h | 4.1410 | −0.299% | $578 | $302K | 12x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.1536 | +0.005% | $106K | $56K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.1483 | −0.123% | $408K | $18.4M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.1497 | −0.089% | $205K | — | 150x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0049% | 1h | 4.1496 | −0.091% | $7.6M | $36.8M | 50x | as long as short |
| 01 Exchange NEARUSD | +0.0064% | 1h | 4.1497 | −0.089% | $12K | $7K | 10x | as long as short |
| Lighter RH NEAR | +0.0096% | 1h | 4.1535 | +0.002% | $1.4M | $6.9M | 10x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.1480 | −0.130% | $111K | $482K | 50x | as long as short |
Reya NEARRUSDPERP
Coinbase International NEAR-PERP-INTX
Injective NEAR/USDC PERP
dYdX NEAR-USD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
Kraken Futures PF_NEARUSD
01 Exchange NEARUSD
Lighter RH NEAR
Popdex NEARUSDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_NEAR_USDC | +0.0099% | 8h | 4.1501 | −0.079% | $53K | $155K | 20x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.1523 | −0.025% | $30K | $647 | 10x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.1520 | −0.034% | $2.9M | $5.7M | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.1538 | +0.008% | $359K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.1530 | −0.010% | $237.4M | $1.07B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.1506 | −0.067% | $211.5M | $422.3M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.1520 | −0.034% | $56.9M | $274.3M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.1540 | +0.014% | $308K | $1.6M | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.1500 | −0.082% | $236K | $4K | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.1528 | −0.014% | $29.8M | $57.3M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.1520 | −0.034% | $81.8M | $141.3M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.1510 | −0.058% | $54.8M | $44.4M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.1516 | −0.043% | $69.0M | $125.3M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.1520 | −0.034% | — | $136.8M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.1460 | −0.178% | $7.7M | $18.4M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.1494 | −0.096% | $236K | $1.2M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.1501 | −0.081% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.1540 | +0.014% | $182K | $789K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.1498 | −0.087% | $199K | $3.1M | 10x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.1540 | +0.014% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.1468 | −0.159% | $5K | $46K | 10x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.1470 | −0.154% | $3.8M | $8.1M | 50x | as long as short |
| Lighter NEAR | +0.0104% | 1h | 4.1585 | +0.124% | $15.3M | $22.5M | 15x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.1497 | −0.089% | $3.8M | $14.7M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.1459 | −0.180% | $200K | $62K | 3x | as long as short |
| BloFin NEAR-USDTshort | +0.0220% | 8h | 4.1440 | −0.226% | $12.3M | $33.2M | 75x | |
| Hyperliquid NEARlong | +0.0270% | 1h | 4.1534 | long leg | $349.5M | $297.7M | 10x | |
| Deribit NEAR_USDC-PERPETUAL | +0.0280% | 1h | 4.1522 | −0.029% | $1.8M | $2.2M | 25x | as long as short |
| RISEx NEAR/USDC | +0.0364% | 1h | 4.1538 | +0.010% | $408K | $1.2M | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0379% / S −0.0327% | 1h | 4.1493 | −0.100% | $279K | — | 100x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0418% | 1h | 4.1518 | −0.039% | $1.2M | $5.7M | 20x | as long as short |
| Phoenix NEAR | +0.0542% | 1h | 4.1593 | +0.142% | $1.7M | $2.7M | 10x | as long as short |
| Nado NEAR-PERP | +0.0552% | 1h | 4.1471 | −0.152% | $1.8M | $3.5M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.0863% | 1h | 4.1519 | −0.036% | $5K | $11K | 10x | as long as short |
| HTX NEAR-USDT | +0.0991% | 8h | 4.1630 | +0.231% | $449K | $3.6M | 75x | as long as short |
Orderly PERP_NEAR_USDC
Paradex NEAR-USD-PERP
Aster NEARUSDT
Pacifica NEAR
Binance NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Arcus NEAR-USD
Bulk NEAR-USD
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDT
Variational Omni NEAR
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
SunX NEAR-USDT
SoDEX NEAR-USD
Phemex NEARUSDT
Lighter NEAR
Extended NEAR-USD
Aevo NEAR-PERP
Deribit NEAR_USDC-PERPETUAL
RISEx NEAR/USDC
GMX NEAR/USD [ETH-USDC]
Backpack NEAR_USDC_PERP
Phoenix NEAR
Nado NEAR-PERP
Aftermath Perps NEARUSD
HTX NEAR-USDT