NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0307%/8h= −33.6% APRnext payment −$0.38 per $10,000 · paid last 24h −0.206%

Price spread now: gTrade (Gains Network) against Hyperliquid−0.092%7-day average −0.121% · 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−$281as in the Price arb table

costs, in and out, $10k−$2842.839% of the position

Long on Hyperliquid Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.446%−$45 on $10k

Price spread, last 4 days (all we have)+0.021%+$2 · spread now −0.092%, 7d avg −0.121%

Together, before fees−0.425%+ Points / potential airdropHyperliquid: Season 2 · farm board−$43 on $10k · with fees, hour by hour

The price spread pays, funding is against you. gTrade (Gains Network) is 0.029% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.092% now, against its 7-day average of −0.121%): +$3 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 8 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid NEAR	4.3369	0.0313	pay 0.0039% / 1h	41m 06s	$350.2M	$317.1M	10x
Short	gTrade (Gains Network) NEAR/USD	4.3329	L +0.0004% / S −0.0006%	get 0.0001% / 1h	41m 06s	$162K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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

Position, each leg$Hold fordaysFee HyperliquidbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.092%Rate

Funding earned: −$64.45
Price spread: −0.092% → −0.121%: $2.92
Slippage, 4 orders: −$264.88
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$345.41
Costs to cover: 2.839%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 13 min ago; gTrade (Gains Network): virtual book (oracle venue), 63 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, 13 min ago	0.12 bp	5.5 bp −$5	doesn't fit	doesn't fit	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 63 min ago	130.01 bp	137.7 bp −$138	1007.8 bp −$10.1K	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	4.3318	−0.117%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3281	−0.202%	$107K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USDshort	L +0.0004% / S −0.0006%	1h	4.3329	−0.092%	$162K	—	150x
Kraken Futures PF_NEARUSD	+0.0017%	1h	4.3309	−0.137%	$7.1M	$38.3M	50x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.517%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3350	−0.044%	$110K	$496K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3320	−0.113%	$218.5M	$430.1M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3300	−0.159%	$61.0M	$291.9M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3597	+0.525%	$248K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3319	−0.115%	$35.3M	$62.2M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NEARUSDTM	+0.0100%	8h	4.3350	−0.044%	$52.5M	$45.9M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3306	−0.145%	$71.8M	$128.1M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3267	−0.236%	$8.6M	$18.7M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3186	−0.423%	$250K	$897K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3210	−0.367%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3280	−0.205%	$165K	$815K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3360	−0.021%	$283K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3354	−0.035%	$58K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3360	−0.021%	$2K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3340	−0.067%	$5K	$53K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3350	−0.044%	$3.5M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.3280	−0.205%	$31K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3319	−0.115%	$3.6M	$17.3M	25x	as long as short
HTX NEAR-USDT	+0.0114%	8h	4.3510	+0.325%	$466K	$3.8M	75x	as long as short
Aevo NEAR-PERP	+0.0128%	1h	4.3329	−0.093%	$201K	$38K	3x	as long as short
Kalshi KXNEARPERP	+0.0193%	8h	4.3342	−0.062%	$939K	$25.2M	2.2x	as long as short
Binance NEARUSDT	+0.0204%	8h	4.3330	−0.090%	$263.1M	$1.09B	75x	as long as short
BingX NEAR-USDT	+0.0205%	8h	4.3330	−0.090%	—	$145.0M	—	as long as short
MEXC NEAR_USDT	+0.0206%	8h	4.3350	−0.044%	$83.4M	$150.0M	200x	as long as short
Aster NEARUSDT	+0.0212%	8h	4.3327	−0.098%	$2.7M	$4.8M	50x	as long as short
01 Exchange NEARUSD	+0.0304%	1h	4.3333	−0.083%	$13K	$7K	10x	as long as short
Hyperliquid NEARlong	+0.0313%	1h	4.3369	long leg	$350.2M	$317.1M	10x
GMX NEAR/USD [ETH-USDC]	L +0.0315% / S −0.0203%	1h	4.3327	−0.098%	$233K	—	100x	as long as short
BloFin NEAR-USDT	+0.0324%	8h	4.3370	+0.002%	$13.3M	$32.0M	75x	as long as short
Backpack NEAR_USDC_PERP	+0.0420%	1h	4.3361	−0.018%	$1.2M	$7.0M	20x	as long as short
Nado NEAR-PERP	+0.0446%	1h	4.3321	−0.110%	$1.7M	$3.2M	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.3345	−0.055%	$2.3M	$16.8M	50x	as long as short
Lighter RH NEAR	+0.0560%	1h	4.3394	+0.058%	$1.5M	$6.6M	10x	as long as short
Arcus NEAR-USD	+0.0638%	1h	4.3330	−0.090%	$226K	$1.6M	10x	as long as short
Lighter NEAR	+0.0760%	1h	4.3400	+0.072%	$17.1M	$25.0M	15x	as long as short
Pacifica NEAR	+0.0949%	1h	4.3325	−0.100%	$408K	$1.5M	10x	as long as short
Phoenix NEAR	+0.0949%	1h	4.3384	+0.035%	$1.8M	$2.4M	10x	as long as short
RISEx NEAR/USDC	+0.0965%	1h	4.3338	−0.071%	$618K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1273%	1h	4.3347	−0.051%	$5K	$7K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1712%	1h	4.3418	+0.113%	$1.9M	$13.2M	25x	as long as short