Funding you earn now, next payment 03:00 UTC−0.0697%/8h= −76.4% APRnext payment −$0.87 per $10,000 · paid last 24h −0.181%
Price spread now: Bulk against Hyperliquid−1.692%7-day average −0.107% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$205as in the Price arb table
costs, in and out, $10k−$460.462% of the position
Funding, last 4 days (all we have)−0.327%−$33 on $10k
+Price spread, last 4 days (all we have)+1.853%+$185 · spread now −1.692%, 7d avg −0.107%
=Together, before fees+1.527%+ Points / potential airdropHyperliquid: Season 2 · farm board+$153 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and Bulk is 1.585% cheaper against Hyperliquid than usual: you would sell low and buy high (−$159 if the spread goes back to its 7-day average of −0.107%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid NEAR | 4.5675 | 0.0797 | pay 0.0100% / 1h | 17m 28s | $385.5M | $315.5M | 10x |
| Short | Bulk NEAR-USD | 4.4902 | 0.0100 | get 0.0013% / 1h | 17m 28s | $256K | −$0 | 10x |
Hyperliquid NEAR
Bulk NEAR-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk 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
- −$146.43
- Price spread: −1.692% → −0.107%
- −$158.53
- Slippage, 4 orders
- −$30.23
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$351.19
- Costs to cover
- 0.462%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 7 min ago; Bulk: live order book, 46 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, 7 min ago | 0.89 bp | 7.3 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bulk live order book, 46 min ago | 11.45 bp | 15.0 bp −$15 | 15.0 bp −$150 | 35.6 bp −$3,556 | 59.8 bp −$29.9K |
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 | 4.5547 | −0.280% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0016% | 1h | 4.5847 | +0.377% | $2.3M | $15.4M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.5732 | +0.125% | $113K | $70K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.5759 | +0.184% | $544K | $20.5M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0003% | 1h | 4.5519 | −0.342% | $133K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −9.338% | $578 | $302K | 12x | as long as short |
| Phemex NEARUSDT | +0.0034% | 8h | 4.5690 | +0.033% | $3.9M | $8.3M | 50x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.5710 | +0.077% | $111K | $506K | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.5745 | +0.153% | $436K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.5710 | +0.077% | $278.3M | $1.10B | 75x | 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
Phemex NEARUSDT
Popdex NEARUSDT
Pacifica NEAR
Binance NEARUSDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit NEARUSDT | +0.0100% | 8h | 4.5669 | −0.013% | $229.6M | $424.2M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.5640 | −0.077% | $66.1M | $308.0M | 50x | as long as short |
| Bulk NEAR-USDshort | +0.0100% | 1h | 4.4902 | −1.692% | $256K | −$0 | 10x | |
| Gate NEAR_USDT | +0.0100% | 8h | 4.5730 | +0.120% | $33.3M | $64.2M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.5560 | −0.252% | $79.5M | $146.2M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.5740 | +0.142% | $56.6M | $45.3M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.5656 | −0.042% | $75.1M | $128.7M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.5500 | −0.383% | — | $6.6M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.5277 | −0.872% | $8.8M | $18.2M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.5608 | −0.147% | $273K | $988K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.5621 | −0.118% | $1.5M | $1.4M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.5350 | −0.712% | $180K | $793K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.5696 | +0.046% | $215K | $3.8M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.5682 | +0.015% | $59K | $227K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.5750 | +0.164% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.5665 | −0.022% | $5K | $51K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.5770 | +0.208% | $474K | $4.0M | 75x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.5701 | +0.056% | $33K | $608 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.5687 | +0.025% | $4.2M | $19.0M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.5740 | +0.142% | $213K | $34K | 3x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.5720 | +0.099% | $13.8M | $34.1M | 75x | as long as short |
| Aster NEARUSDT | +0.0300% | 8h | 4.5740 | +0.142% | $3.1M | $5.4M | 50x | as long as short |
| Nado NEAR-PERP | +0.0351% | 1h | 4.5670 | −0.011% | $2.0M | $3.1M | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0363% / S −0.0250% | 1h | 4.5723 | +0.104% | $277K | — | 100x | as long as short |
| 01 Exchange NEARUSD | +0.0384% | 1h | 4.5780 | +0.230% | $13K | $7K | 10x | as long as short |
| Arcus NEAR-USD | +0.0410% | 1h | 4.5790 | +0.252% | $222K | $1.7M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0616% | 1h | 4.5734 | +0.129% | $1.4M | $6.6M | 20x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0674% | 1h | 4.5702 | +0.058% | $8.5M | $41.3M | 50x | as long as short |
| Lighter RH NEAR | +0.0696% | 1h | 4.5839 | +0.359% | $1.6M | $7.1M | 10x | as long as short |
| Hyperliquid NEARlong | +0.0797% | 1h | 4.5675 | long leg | $385.5M | $315.5M | 10x | |
| Phoenix NEAR | +0.0855% | 1h | 4.5923 | +0.543% | $1.9M | $2.7M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0924% | 1h | 4.5750 | +0.163% | $575K | $1.4M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.1042% | 1h | 4.5732 | +0.125% | $2.0M | $4.4M | 25x | as long as short |
| Lighter NEAR | +0.1224% | 1h | 4.5828 | +0.335% | $18.3M | $26.5M | 15x | as long as short |
| Aftermath Perps NEARUSD | +0.1579% | 1h | 4.5364 | −0.681% | $6K | $12K | 10x | as long as short |
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
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
HTX NEAR-USDT
Paradex NEAR-USD-PERP
Extended NEAR-USD
Aevo NEAR-PERP
BloFin NEAR-USDT
Aster NEARUSDT
Nado NEAR-PERP
GMX NEAR/USD [ETH-USDC]
01 Exchange NEARUSD
Arcus NEAR-USD
Backpack NEAR_USDC_PERP
Kraken Futures PF_NEARUSD
Lighter RH NEAR
Phoenix NEAR
RISEx NEAR/USDC
Deribit NEAR_USDC-PERPETUAL
Lighter NEAR
Aftermath Perps NEARUSD