Funding you earn now, next payment 02:00 UTC−0.0641%/8h= −70.1% APRnext payment −$0.80 per $10,000 · paid last 24h −0.097%
Price spread now: Kraken Futures against Hyperliquid+0.055%7-day average −0.090% · you sell dearer than you buy
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$510.508% of the position
Funding, last 7 days−0.215%−$21 on $10k
+Price spread, last 3 days (all we have)−0.120%−$12 · spread now +0.055%, 7d avg −0.090%
=Together, before fees−0.335%+ Points / potential airdropHyperliquid: Season 2 · farm board−$33 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Kraken Futures is 0.145% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.055% now, against its 7-day average of −0.090%): +$14 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 18 hours. At the pace of the last 7 days (−0.215% in total) that is about 4.7 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.215% in total (about -11.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.80 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 | 4.4070 | 0.0855 | pay 0.0107% / 1h | 26m 09s | $372.3M | $307.6M | 10x |
| Short | Kraken Futures PF_NEARUSD | 4.4094 | 0.0215 | get 0.0027% / 1h | 26m 09s | $7.8M | $39.9M | 50x |
Hyperliquid NEAR
Kraken Futures PF_NEARUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$134.52
- Price spread: +0.055% → −0.090%
- $14.5
- Slippage, 4 orders
- −$31.8
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$170.83
- Costs to cover
- 0.508%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 8 min ago; Kraken Futures: 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, 8 min ago | 0.11 bp | 11.7 bp −$12 | 15.4 bp −$154 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 3 min ago | 10.75 bp | 17.3 bp −$17 | 22.5 bp −$225 | 53.4 bp −$5,336 | doesn't fit |
NEAR on 44 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 | 4.3998 | −0.163% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0064% | 1h | 4.4069 | −0.002% | $2.2M | $13.9M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.4003 | −0.153% | $108K | $70K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.4031 | −0.088% | $620K | $19.3M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.4003 | −0.152% | $159K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −6.036% | $578 | $302K | 12x | as long as short |
| Variational Omni NEAR | +0.0072% | 8h | 4.3998 | −0.164% | $8.6M | $18.6M | — | as long as short |
| Phemex NEARUSDT | +0.0092% | 8h | 4.4080 | +0.023% | $3.9M | $8.2M | 50x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.4030 | −0.091% | $112K | $481K | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.4021 | −0.110% | $416K | $1.2M | 10x | as long as short |
Reya NEARRUSDPERP
Coinbase International NEAR-PERP-INTX
dYdX NEAR-USD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Variational Omni NEAR
Phemex NEARUSDT
Popdex NEARUSDT
Pacifica NEARShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance NEARUSDT | +0.0100% | 8h | 4.4157 | +0.197% | $266.5M | $1.07B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.4128 | +0.132% | $223.9M | $418.1M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.4120 | +0.113% | $62.4M | $287.5M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.4060 | −0.023% | $209K | $1.8M | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.4050 | −0.045% | $251K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3997 | −0.166% | $31.7M | $61.5M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.4120 | +0.113% | $76.4M | $139.9M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.4160 | +0.204% | $56.4M | $42.9M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.4161 | +0.206% | $73.1M | $123.7M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.4170 | +0.227% | — | $6.6M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3854 | −0.490% | $271K | $1.0M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3820 | −0.567% | $1.5M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3860 | −0.477% | $182K | $767K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.4038 | −0.073% | $218K | $3.5M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.4091 | +0.048% | $59K | $189K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.4070 | 0.000% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.4080 | +0.023% | $5K | $51K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.4200 | +0.295% | $459K | $3.9M | 75x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.4000 | −0.158% | $32K | $608 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.4042 | −0.063% | $3.8M | $18.4M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.4107 | +0.084% | $205K | $34K | 3x | as long as short |
| Aster NEARUSDT | +0.0158% | 8h | 4.4067 | −0.008% | $3.1M | $5.7M | 50x | as long as short |
| Kraken Futures PF_NEARUSDshort | +0.0215% | 1h | 4.4094 | +0.055% | $7.8M | $39.9M | 50x | |
| GMX NEAR/USD [ETH-USDC] | L +0.0352% / S −0.0262% | 1h | 4.4001 | −0.157% | $255K | — | 100x | as long as short |
| 01 Exchange NEARUSD | +0.0400% | 1h | 4.4078 | +0.018% | $13K | $7K | 10x | as long as short |
| Nado NEAR-PERP | +0.0401% | 1h | 4.3974 | −0.217% | $1.9M | $3.1M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0509% | 1h | 4.4056 | −0.031% | $559K | $1.3M | 10x | as long as short |
| Phoenix NEAR | +0.0592% | 1h | 4.4243 | +0.393% | $1.8M | $2.6M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0726% | 1h | 4.4100 | +0.068% | $1.9M | $4.2M | 25x | as long as short |
| Lighter RH NEAR | +0.0816% | 1h | 4.4181 | +0.252% | $1.6M | $7.0M | 10x | as long as short |
| Hyperliquid NEARlong | +0.0855% | 1h | 4.4070 | long leg | $372.3M | $307.6M | 10x | |
| Backpack NEAR_USDC_PERP | +0.0914% | 1h | 4.4192 | +0.277% | $1.4M | $6.0M | 20x | as long as short |
| Aftermath Perps NEARUSD | +0.1508% | 1h | 4.3928 | −0.323% | $6K | $12K | 10x | as long as short |
| Lighter NEAR | +0.1656% | 1h | 4.4191 | +0.274% | $17.7M | $25.0M | 15x | as long as short |
Binance NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Arcus NEAR-USD
Bulk NEAR-USD
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDC
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
SoDEX NEAR-USD
HTX NEAR-USDT
Paradex NEAR-USD-PERP
Extended NEAR-USD
Aevo NEAR-PERP
Aster NEARUSDT
GMX NEAR/USD [ETH-USDC]
01 Exchange NEARUSD
Nado NEAR-PERP
RISEx NEAR/USDC
Phoenix NEAR
Deribit NEAR_USDC-PERPETUAL
Lighter RH NEAR
Backpack NEAR_USDC_PERP
Aftermath Perps NEARUSD
Lighter NEAR