Funding you earn now, next payment 00:00 UTC−0.0777%/8h= −85.1% APRpaid last 24h −0.182%
Price spread now: Bybit against Hyperliquid−0.192%7-day average −0.121% · you buy dearer than you sell
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$300.300% of the position
Funding, last 7 days−0.403%−$40 on $10k
+Price spread, last 7 days+0.163%+$16 · spread now −0.192%, 7d avg −0.121%
=Together, before fees−0.240%+ Points / potential airdropHyperliquid: Season 2 · farm board−$24 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and Bybit is 0.072% cheaper against Hyperliquid than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.121%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.403% in total (about -21.0% 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 | 4.2642 | 0.0852 | pay 0.0106% / 1h | 33m 21s | $366.1M | $298.5M | 10x |
| Short | Bybit NEARUSDT | 4.2560 | 0.0074 | get 0.0074% / 8h | 33m 21s | $217.7M | $422.0M | 75x |
Hyperliquid NEAR
Bybit NEARUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$163.24
- Price spread: −0.192% → −0.121%
- −$7.18
- Slippage, 4 orders
- −$10.03
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$200.44
- Costs to cover
- 0.300%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 11 min ago; Bybit: 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, 11 min ago | 1.05 bp | 7.5 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 6 min ago | 1.17 bp | 9.0 bp −$9 | 14.1 bp −$141 | 31.3 bp −$3,132 | 132.7 bp −$66.4K |
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 | 4.2573 | −0.161% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0072% | 1h | 4.2559 | −0.195% | $2.2M | $13.0M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.2546 | −0.226% | $110K | $59K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.2633 | −0.021% | $416K | $18.6M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.2593 | −0.115% | $201K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −2.889% | $578 | $302K | 12x | as long as short |
| Bybit NEARUSDTshort | +0.0074% | 8h | 4.2560 | −0.192% | $217.7M | $422.0M | 75x | |
| Variational Omni NEAR | +0.0077% | 8h | 4.2580 | −0.145% | $7.9M | $18.3M | — | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.2630 | −0.028% | $109K | $496K | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.2578 | −0.150% | $31K | $647 | 10x | 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
Variational Omni NEAR
Popdex NEARUSDT
Paradex NEAR-USD-PERPShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster NEARUSDT | +0.0100% | 8h | 4.2633 | −0.022% | $3.0M | $5.7M | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.2591 | −0.119% | $401K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.2586 | −0.132% | $252.6M | $1.08B | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.2570 | −0.169% | $60.7M | $284.5M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.2610 | −0.075% | $202K | $1.8M | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.2674 | +0.075% | $243K | $2K | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.2590 | −0.122% | $29.9M | $59.1M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.2590 | −0.122% | $78.1M | $141.3M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.2610 | −0.075% | $55.7M | $43.5M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.2580 | −0.145% | $70.7M | $126.1M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.2580 | −0.145% | — | $139.9M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.2657 | +0.035% | $243K | $1.2M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.2667 | +0.059% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.2640 | −0.005% | $178K | $792K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.2623 | −0.045% | $198K | $3.5M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.2590 | −0.122% | $56K | $194K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.2620 | −0.052% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.2577 | −0.152% | $13K | $50K | 10x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.2580 | −0.145% | $3.8M | $8.4M | 50x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.2564 | −0.183% | $3.9M | $16.0M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.2575 | −0.157% | $205K | $62K | 3x | as long as short |
| 01 Exchange NEARUSD | +0.0112% | 1h | 4.2650 | +0.019% | $13K | $7K | 10x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0119% | 1h | 4.2605 | −0.087% | $7.6M | $37.1M | 50x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.2530 | −0.263% | $12.9M | $29.9M | 75x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0313% | 1h | 4.2623 | −0.045% | $1.9M | $2.4M | 25x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0374% / S −0.0314% | 1h | 4.2599 | −0.101% | $273K | — | 100x | as long as short |
| Lighter RH NEAR | +0.0384% | 1h | 4.2608 | −0.080% | $1.5M | $7.0M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0404% | 1h | 4.2667 | +0.060% | $417K | $1.2M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0446% | 1h | 4.2581 | −0.143% | $1.4M | $5.6M | 20x | as long as short |
| Phoenix NEAR | +0.0463% | 1h | 4.2704 | +0.145% | $1.8M | $2.7M | 10x | as long as short |
| Nado NEAR-PERP | +0.0753% | 1h | 4.2575 | −0.157% | $1.9M | $3.4M | 10x | as long as short |
| HTX NEAR-USDT | +0.0835% | 8h | 4.2690 | +0.113% | $457K | $3.7M | 75x | as long as short |
| Hyperliquid NEARlong | +0.0852% | 1h | 4.2642 | long leg | $366.1M | $298.5M | 10x | |
| Aftermath Perps NEARUSD | +0.1169% | 1h | 4.2662 | +0.047% | $5K | $11K | 10x | as long as short |
| Lighter NEAR | +0.1680% | 1h | 4.2668 | +0.061% | $16.4M | $23.8M | 15x | as long as short |
Aster NEARUSDT
Pacifica NEAR
Binance NEARUSDT
OKX NEAR-USDT-SWAP
Arcus NEAR-USD
Bulk NEAR-USD
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDT
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
01 Exchange NEARUSD
Kraken Futures PF_NEARUSD
BloFin NEAR-USDT
Deribit NEAR_USDC-PERPETUAL
GMX NEAR/USD [ETH-USDC]
Lighter RH NEAR
RISEx NEAR/USDC
Backpack NEAR_USDC_PERP
Phoenix NEAR
Nado NEAR-PERP
HTX NEAR-USDT
Aftermath Perps NEARUSD
Lighter NEAR