Funding you earn now, next payment 21:00 UTC−0.1116%/8h= −122.2% APRnext payment −$1.40 per $10,000 · paid last 24h −0.227%
Price spread now: Coinbase International against Hyperliquid−0.352%7-day average −0.148% · you buy dearer than you sell
Net, funding: paid 7d − costs−$93as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$370.373% of the position
Funding, last 7 days−0.553%−$55 on $10k
+Price spread, last 3 days (all we have)+0.383%+$38 · spread now −0.352%, 7d avg −0.148%
=Together, before fees−0.170%+ Points / potential airdropHyperliquid: Season 2 · farm board−$17 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$33 a day on $10k at the current rate, and Coinbase International is 0.204% cheaper against Hyperliquid than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of −0.148%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.553% in total (about -28.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.40 per $10,000. 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 | 4.1484 | 0.1092 | pay 0.0137% / 1h | 36m 45s | $349.3M | $300.8M | 10x |
| Short | Coinbase International NEAR-PERP-INTX | 4.1338 | −0.0024 | pay 0.0003% / 1h | 36m 45s | $2.1M | $12.7M | 50x |
Hyperliquid NEAR
Coinbase International NEAR-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$234.43
- Price spread: −0.352% → −0.148%
- −$20.38
- Slippage, 4 orders
- −$18.28
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$292.09
- Costs to cover
- 0.373%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 7 min ago; Coinbase International: live order book, 2 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 | 0.12 bp | 6.5 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 2 min ago | 3.87 bp | 14.8 bp −$15 | 22.4 bp −$224 | doesn't fit | doesn't fit |
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 | 4.1424 | −0.145% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTXshort | −0.0024% | 1h | 4.1338 | −0.352% | $2.1M | $12.7M | 50x | |
| dYdX NEAR-USD | 0.0000% | 1h | 4.1388 | −0.231% | $104K | $54K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.1424 | −0.145% | $411K | $19.1M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.1436 | −0.116% | $205K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.0730 | −1.818% | $569 | $239K | 12x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0039% | 1h | 4.1470 | −0.034% | $1.8M | $2.1M | 25x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.1430 | −0.130% | $107K | $489K | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.1390 | −0.225% | $30K | $647 | 10x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.1430 | −0.130% | $2.9M | $5.9M | 50x | as long as short |
Reya NEARRUSDPERP
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 | 4.1401 | −0.199% | $366K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.1360 | −0.299% | $235.6M | $1.09B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.1316 | −0.405% | $210.9M | $427.8M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.1310 | −0.419% | $56.5M | $276.8M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.1240 | −0.589% | $235K | $6K | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.1422 | −0.149% | $29.6M | $58.0M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.1420 | −0.154% | $80.4M | $142.7M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.1440 | −0.106% | $56.2M | $45.1M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.1389 | −0.229% | $68.9M | $127.8M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.1410 | −0.178% | — | $136.5M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.1205 | −0.672% | $7.5M | $18.4M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.1283 | −0.485% | $235K | $1.3M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.1160 | −0.780% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.1200 | −0.685% | $182K | $790K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.1450 | −0.082% | $205K | $3.1M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.1446 | −0.092% | $53K | $159K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.1440 | −0.106% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.1390 | −0.227% | $5K | $46K | 10x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.1410 | −0.178% | $3.8M | $8.4M | 50x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.1405 | −0.191% | $3.6M | $14.5M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.1435 | −0.118% | $201K | $65K | 3x | as long as short |
| Arcus NEAR-USD | +0.0118% | 1h | 4.1420 | −0.154% | $307K | $1.6M | 10x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0150% | 1h | 4.1404 | −0.194% | $7.1M | $36.6M | 50x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.1410 | −0.178% | $12.2M | $33.6M | 75x | as long as short |
| 01 Exchange NEARUSD | +0.0272% | 1h | 4.1458 | −0.063% | $12K | $7K | 10x | as long as short |
| Lighter RH NEAR | +0.0336% | 1h | 4.1414 | −0.169% | $1.4M | $7.2M | 10x | as long as short |
| Nado NEAR-PERP | +0.0344% | 1h | 4.1385 | −0.239% | $1.8M | $3.6M | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0373% / S −0.0317% | 1h | 4.1430 | −0.131% | $273K | — | 100x | as long as short |
| RISEx NEAR/USDC | +0.0569% | 1h | 4.1451 | −0.081% | $416K | $1.2M | 10x | as long as short |
| Phoenix NEAR | +0.0582% | 1h | 4.1355 | −0.311% | $1.7M | $2.8M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0813% | 1h | 4.1470 | −0.034% | $1.4M | $5.7M | 20x | as long as short |
| Lighter NEAR | +0.0880% | 1h | 4.1439 | −0.108% | $15.4M | $22.6M | 15x | as long as short |
| Aftermath Perps NEARUSD | +0.1050% | 1h | 4.1275 | −0.503% | $5K | $11K | 10x | as long as short |
| Hyperliquid NEARlong | +0.1092% | 1h | 4.1484 | long leg | $349.3M | $300.8M | 10x | |
| HTX NEAR-USDT | +0.1131% | 8h | 4.1540 | +0.135% | $449K | $3.8M | 75x | as long as short |
Pacifica NEAR
Binance NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
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
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
Lighter RH NEAR
Nado NEAR-PERP
GMX NEAR/USD [ETH-USDC]
RISEx NEAR/USDC
Phoenix NEAR
Backpack NEAR_USDC_PERP
Lighter NEAR
Aftermath Perps NEARUSD
HTX NEAR-USDT