Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0280%/8h= −30.7% APRpaid last 24h −0.048%

Price spread now: HTX against Hyperliquid+0.254%48s7-day average +0.119% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$570.571% of the position

Long on Hyperliquid Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.217%+$22 on $10k

Price spread, last 3 days (all we have)−0.098%−$10 · spread now +0.254%, 7d avg +0.119%

Together, before fees+0.118%+ Points / potential airdropHyperliquid: Season 2 · farm board+$12 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.135% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.254% now, against its 7-day average of +0.119%): +$14 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 39 hours. Mind the row above: over the last 7 days funding on this pair paid +0.217%, so the current rate has only just turned against you. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid NEAR	4.3240	0.0380	pay 0.0048% / 1h	10m 30s	$367.0M	$306.8M	10x
Short	HTX NEAR-USDT	4.3350	0.0100	get 0.0100% / 8h	7h 10m	$457K	$3.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.254%Rate

Funding earned: −$58.89
Price spread: +0.254% → +0.119%: $13.52
Slippage, 4 orders: −$36.07
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee HTX: 6 bp × 2 orders: −$12
Net: −$102.45
Costs to cover: 0.571%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 4 min ago; HTX: live order book, 3 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, 4 min ago	1.96 bp	6.8 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 3 min ago	11.49 bp	21.8 bp −$22	66.4 bp −$664	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
Phemex NEARUSDT	−0.0239%	8h	4.3180	−0.139%	$3.8M	$8.4M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.3137	−0.238%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0130%	1h	4.3198	−0.097%	$7.9M	$38.1M	50x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.3396	+0.361%	$2.3M	$13.0M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3164	−0.177%	$112K	$64K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3275	+0.081%	$346K	$19.0M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3232	−0.019%	$204K	—	150x	as long as short
Variational Omni NEAR	+0.0010%	8h	4.3248	+0.018%	$8.2M	$18.9M	—	as long as short
01 Exchange NEARUSD	+0.0024%	1h	4.3185	−0.127%	$13K	$7K	10x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.232%	$578	$302K	12x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit NEAR_USDC-PERPETUAL	+0.0051%	1h	4.3214	−0.060%	$1.9M	$3.8M	25x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3160	−0.185%	$115K	$479K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0098%	8h	4.3203	−0.086%	$57K	$177K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3164	−0.176%	$31K	$608	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.3230	−0.023%	$3.0M	$5.8M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3182	−0.135%	$399K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3157	−0.191%	$257.6M	$1.05B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3140	−0.231%	$218.5M	$414.5M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3140	−0.231%	$60.9M	$278.0M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3180	−0.139%	$205K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3083	−0.362%	$245K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3138	−0.236%	$31.0M	$60.9M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3120	−0.278%	$75.6M	$141.8M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3170	−0.162%	$56.1M	$42.7M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3157	−0.192%	$71.9M	$122.3M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3130	−0.254%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3290	+0.116%	$258K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3459	+0.507%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3330	+0.208%	$181K	$780K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3177	−0.146%	$198K	$3.4M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3280	+0.093%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3185	−0.127%	$5K	$51K	10x	as long as short
HTX NEAR-USDTshort	+0.0100%	8h	4.3350	+0.254%	$457K	$3.7M	75x
Extended NEAR-USD	+0.0104%	1h	4.3111	−0.298%	$3.8M	$17.3M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3180	−0.139%	$201K	$31K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3230	−0.023%	$12.9M	$27.7M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0376% / S −0.0307%	1h	4.3245	+0.011%	$277K	—	100x	as long as short
Hyperliquid NEARlong	+0.0380%	1h	4.3240	long leg	$367.0M	$306.8M	10x
RISEx NEAR/USDC	+0.0428%	1h	4.3174	−0.152%	$402K	$1.2M	10x	as long as short
Nado NEAR-PERP	+0.0429%	1h	4.3138	−0.236%	$1.9M	$3.1M	10x	as long as short
Lighter RH NEAR	+0.0472%	1h	4.3228	−0.028%	$1.6M	$7.0M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0485%	1h	4.3193	−0.109%	$1.3M	$5.9M	20x	as long as short
Phoenix NEAR	+0.0499%	1h	4.3638	+0.920%	$1.8M	$2.7M	10x	as long as short
Aftermath Perps NEARUSD	+0.1503%	1h	4.3323	+0.191%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1792%	1h	4.3256	+0.037%	$17.3M	$24.7M	15x	as long as short