Settings8H · net · $10k
Funding arb · Price arb /

NEAR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0992%/8h= −108.7% APRnext payment $1.24 per $10,000 · paid last 24h −0.178%
Price spread now: Extended against Hyperliquid−0.133%7-day average −0.147% · you buy dearer than you sell
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$250.253% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.351%−$35 on $10k
Price spread, last 7 days+0.146%+$15 · spread now −0.133%, 7d avg −0.147%
Together, before fees−0.205%+ Points / potential airdropHyperliquid: Season 2 · Extended: Active · farm board−$21 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.147%, so right now this pair is about funding alone: −$30 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.351% in total (about -18.3% a year). A funding rate is set anew for every payment; at this rate the next one is about $1.24 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid NEAR4.14860.1096pay 0.0137% / 1h37m 09s$349.4M$300.6M10x
ShortExtended NEAR-USD4.14310.0104get 0.0013% / 1h37m 09s$3.6M$14.5M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Hyperliquid. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$208.42
Price spread: −0.133% → −0.147%
$1.33
Slippage, 4 orders
−$11.3
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$232.39
Costs to cover
0.253%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 7 min ago; Extended: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 7 min ago0.12 bp6.5 bp −$6doesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 2 min ago0.85 bp7.3 bp −$712.0 bp −$120doesn't fitdoesn't fit

NEAR on 45 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya NEARRUSDPERP−0.0171%1h4.1424−0.150%$2K20xas long as short
Coinbase International NEAR-PERP-INTX−0.0024%1h4.1338−0.357%$2.1M$12.7M50xas long as short
dYdX NEAR-USD0.0000%1h4.1413−0.176%$104K$54K10xas long as short
Kalshi KXNEARPERP0.0000%8h4.1424−0.149%$411K$19.1M2.2xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0004%1h4.1436−0.121%$205K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.0730−1.822%$569$239K12xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0039%1h4.1470−0.039%$1.8M$2.1M25xas long as short
Popdex NEARUSDT+0.0096%1h4.1430−0.135%$107K$489K50xas long as short
Paradex NEAR-USD-PERP+0.0100%8h4.1390−0.230%$30K$64710xas long as short
Aster NEARUSDT+0.0100%8h4.1435−0.123%$2.9M$5.9M50xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica NEAR+0.0100%1h4.1401−0.204%$366K$1.2M10xas long as short
Binance NEARUSDT+0.0100%8h4.1409−0.187%$235.9M$1.09B75xas long as short
Bybit NEARUSDT+0.0100%8h4.1390−0.231%$211.2M$427.8M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.1400−0.207%$56.6M$277.4M50xas long as short
Bulk NEAR-USD+0.0100%1h4.1240−0.594%$235K$6K10xas long as short
Gate NEAR_USDT+0.0100%8h4.1413−0.176%$29.6M$58.0M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.1410−0.183%$80.1M$142.6M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.1440−0.111%$56.2M$45.1M75xas long as short
Bitget NEARUSDT+0.0100%8h4.1404−0.198%$69.0M$127.8M75xas long as short
BingX NEAR-USDT+0.0100%8h4.1410−0.183%$136.5Mas long as short
Variational Omni NEAR+0.0100%8h4.1205−0.677%$7.5M$18.4Mas long as short
edgeX NEARUSDC+0.0100%4h4.1283−0.490%$235K$1.3M20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.1160−0.785%$1.4M$1.3M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.1200−0.689%$182K$790K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.1450−0.087%$205K$3.1M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.1446−0.096%$53K$159K20xas long as short
SunX NEAR-USDT+0.0100%8h4.1440−0.111%$2K$1.4M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.1390−0.231%$5K$46K10xas long as short
Phemex NEARUSDT+0.0100%8h4.1410−0.183%$3.8M$8.4M50xas long as short
Extended NEAR-USDshort+0.0104%1h4.1431−0.133%$3.6M$14.5M25x
Aevo NEAR-PERP+0.0104%1h4.1435−0.123%$201K$65K3xas long as short
Arcus NEAR-USD+0.0118%1h4.1420−0.159%$307K$1.6M10xas long as short
Kraken Futures PF_NEARUSD+0.0150%1h4.1404−0.199%$7.1M$36.6M50xas long as short
BloFin NEAR-USDT+0.0220%8h4.1410−0.183%$12.2M$33.6M75xas long as short
01 Exchange NEARUSD+0.0272%1h4.1458−0.067%$12K$7K10xas long as short
Lighter RH NEAR+0.0336%1h4.1460−0.063%$1.4M$7.2M10xas long as short
Nado NEAR-PERP+0.0344%1h4.1385−0.243%$1.8M$3.6M10xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0373% / S −0.0317%1h4.1430−0.136%$273K100xas long as short
RISEx NEAR/USDC+0.0569%1h4.1451−0.085%$416K$1.2M10xas long as short
Phoenix NEAR+0.0582%1h4.1355−0.316%$1.7M$2.8M10xas long as short
Backpack NEAR_USDC_PERP+0.0813%1h4.1470−0.039%$1.4M$5.7M20xas long as short
Lighter NEAR+0.0888%1h4.1494+0.020%$15.4M$22.6M15xas long as short
Aftermath Perps NEARUSD+0.1050%1h4.1275−0.508%$5K$11K10xas long as short
Hyperliquid NEARlong+0.1096%1h4.1486long leg$349.4M$300.6M10x
HTX NEAR-USDT+0.1131%8h4.1540+0.130%$449K$3.8M75xas long as short