Funding you earn now, next payment 08:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.207%
Price spread now: Kalshi against Hyperliquid+0.201%46s7-day average −0.092% · you sell dearer than you buy
Net, funding: paid 7d − costs−$102as 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−$410.411% of the position
Funding, last 7 days−0.612%−$61 on $10k
+Price spread, last 7 days−0.222%−$22 · spread now +0.201%, 7d avg −0.092%
=Together, before fees−0.834%+ Points / potential airdropHyperliquid: Season 2 · farm board−$83 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Kalshi is 0.293% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.201% now, against its 7-day average of −0.092%): +$29 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 9.4 days. At the pace of the last 7 days (−0.612% in total) that is about 3.4 days. The two prices were read 46 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 | 4.3255 | 0.0297 | pay 0.0037% / 1h | 40m 32s | $349.2M | $317.2M | 10x |
| Short | Kalshi KXNEARPERP | 4.3342 | 0.0193 | get 0.0193% / 8h | 4h 40m | $939K | $25.2M | 2.2x |
Hyperliquid NEAR
Kalshi KXNEARPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi 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
- −$21.92
- Price spread: +0.201% → −0.092%
- $29.28
- Slippage, 4 orders
- −$22.12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- −$33.76
- Costs to cover
- 0.411%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 3 min ago; Kalshi: 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, 3 min ago | 0.35 bp | 6.4 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kalshi live order book, 3 min ago | 8.80 bp | 13.8 bp −$14 | 20.5 bp −$205 | 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 | +0.146% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3227 | −0.065% | $106K | $68K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.3329 | +0.171% | $162K | — | 150x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0017% | 1h | 4.3309 | +0.126% | $7.1M | $38.3M | 50x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −4.265% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3220 | −0.081% | $110K | $496K | 50x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3205 | −0.116% | $218.0M | $430.1M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3210 | −0.104% | $60.8M | $291.4M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3597 | +0.790% | $248K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3225 | −0.069% | $35.2M | $62.2M | 75x | as long as short |
Reya NEARRUSDPERP
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Kraken Futures PF_NEARUSD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Bulk NEAR-USD
Gate NEAR_USDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3250 | −0.012% | $52.4M | $45.9M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3213 | −0.097% | $71.6M | $128.1M | 75x | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.3337 | +0.189% | $8.6M | $18.7M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3186 | −0.160% | $250K | $897K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3210 | −0.104% | $1.4M | $1.5M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3280 | +0.058% | $165K | $815K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3244 | −0.025% | $283K | $4.1M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.3354 | +0.229% | $58K | $235K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3360 | +0.243% | $2K | $1.3M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.3340 | +0.197% | $5K | $53K | 10x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3350 | +0.220% | $3.5M | $8.2M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0102% | 8h | 4.3310 | +0.126% | $31K | $585 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.3218 | −0.084% | $3.6M | $17.3M | 25x | as long as short |
| HTX NEAR-USDT | +0.0114% | 8h | 4.3510 | +0.590% | $466K | $3.8M | 75x | as long as short |
| Aevo NEAR-PERP | +0.0128% | 1h | 4.3329 | +0.170% | $201K | $38K | 3x | as long as short |
| Kalshi KXNEARPERPshort | +0.0193% | 8h | 4.3342 | +0.201% | $939K | $25.2M | 2.2x | |
| Binance NEARUSDT | +0.0202% | 8h | 4.3229 | −0.060% | $262.5M | $1.09B | 75x | as long as short |
| MEXC NEAR_USDT | +0.0203% | 8h | 4.3240 | −0.035% | $82.7M | $150.0M | 200x | as long as short |
| BingX NEAR-USDT | +0.0205% | 8h | 4.3240 | −0.035% | — | $145.0M | — | as long as short |
| Aster NEARUSDT | +0.0209% | 8h | 4.3234 | −0.050% | $2.7M | $4.8M | 50x | as long as short |
| 01 Exchange NEARUSD | +0.0296% | 1h | 4.3221 | −0.079% | $13K | $7K | 10x | as long as short |
| Hyperliquid NEARlong | +0.0297% | 1h | 4.3255 | long leg | $349.2M | $317.2M | 10x | |
| GMX NEAR/USD [ETH-USDC] | L +0.0315% / S −0.0203% | 1h | 4.3327 | +0.166% | $233K | — | 100x | as long as short |
| BloFin NEAR-USDT | +0.0324% | 8h | 4.3370 | +0.266% | $13.3M | $32.0M | 75x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0420% | 1h | 4.3361 | +0.245% | $1.2M | $7.0M | 20x | as long as short |
| Nado NEAR-PERP | +0.0455% | 1h | 4.3213 | −0.096% | $1.7M | $3.2M | 10x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0488% | 1h | 4.3345 | +0.208% | $2.3M | $16.8M | 50x | as long as short |
| Lighter RH NEAR | +0.0560% | 1h | 4.3285 | +0.069% | $1.5M | $6.6M | 10x | as long as short |
| Arcus NEAR-USD | +0.0638% | 1h | 4.3250 | −0.012% | $225K | $1.6M | 10x | as long as short |
| Lighter NEAR | +0.0760% | 1h | 4.3303 | +0.111% | $17.1M | $25.0M | 15x | as long as short |
| Pacifica NEAR | +0.0949% | 1h | 4.3296 | +0.095% | $408K | $1.5M | 10x | as long as short |
| Phoenix NEAR | +0.0949% | 1h | 4.3384 | +0.298% | $1.8M | $2.4M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0965% | 1h | 4.3244 | −0.025% | $618K | $1.4M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1273% | 1h | 4.3347 | +0.212% | $5K | $7K | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.1712% | 1h | 4.3418 | +0.377% | $1.9M | $13.2M | 25x | as long as short |
KuCoin NEARUSDTM
Bitget NEARUSDT
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
Paradex NEAR-USD-PERP
Extended NEAR-USD
HTX NEAR-USDT
Aevo NEAR-PERP
Binance NEARUSDT
MEXC NEAR_USDT
BingX NEAR-USDT
Aster NEARUSDT
01 Exchange NEARUSD
GMX NEAR/USD [ETH-USDC]
BloFin NEAR-USDT
Backpack NEAR_USDC_PERP
Nado NEAR-PERP
Coinbase International NEAR-PERP-INTX
Lighter RH NEAR
Arcus NEAR-USD
Lighter NEAR
Pacifica NEAR
Phoenix NEAR
RISEx NEAR/USDC
Aftermath Perps NEARUSD
Deribit NEAR_USDC-PERPETUAL