Funding you earn now, next payment 03:00 UTC−0.0695%/8h= −76.2% APRpaid last 24h −0.181%
Price spread now: KuCoin against Hyperliquid−0.380%7-day average −0.080% · you buy dearer than you sell
Net, funding: paid 7d − costs−$86as in the Funding arb table
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$450.453% of the position
Funding, last 7 days−0.405%−$41 on $10k
+Price spread, last 7 days+0.378%+$38 · spread now −0.380%, 7d avg −0.080%
=Together, before fees−0.027%+ Points / potential airdropHyperliquid: Season 2 · farm board−$3 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and KuCoin is 0.300% cheaper against Hyperliquid than usual: you would sell low and buy high (−$30 if the spread goes back to its 7-day average of −0.080%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.405% in total (about -21.1% a year). A funding rate is set anew for every payment. 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 | 4.4158 | 0.0795 | pay 0.0099% / 1h | 37m 09s | $371.7M | $303.8M | 10x |
| Short | KuCoin NEARUSDTM | 4.3990 | 0.0100 | get 0.0100% / 8h | 5h 37m | $55.5M | $44.2M | 75x |
Hyperliquid NEAR
KuCoin NEARUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$146.04
- Price spread: −0.380% → −0.080%
- −$30.03
- Slippage, 4 orders
- −$24.34
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$221.41
- Costs to cover
- 0.453%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 7 min ago; KuCoin: live order book, 2 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, 7 min ago | 0.11 bp | 4.6 bp −$5 | 13.6 bp −$136 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 2 min ago | 1.14 bp | 17.2 bp −$17 | 36.1 bp −$361 | 108.7 bp −$10.9K | 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 | 4.3941 | −0.492% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0016% | 1h | 4.4050 | −0.245% | $2.2M | $14.3M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3921 | −0.537% | $108K | $70K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.4034 | −0.281% | $612K | $19.4M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.3958 | −0.453% | $199K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −6.223% | $578 | $302K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3980 | −0.403% | $115K | $488K | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.3943 | −0.486% | $415K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.4111 | −0.105% | $268.4M | $1.08B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.4100 | −0.131% | $222.5M | $417.7M | 75x | 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
Popdex NEARUSDT
Pacifica NEAR
Binance NEARUSDT
Bybit NEARUSDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.4070 | −0.199% | $62.6M | $291.4M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3650 | −1.150% | $249K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.4087 | −0.161% | $31.7M | $62.2M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.4100 | −0.131% | $76.2M | $141.5M | 200x | as long as short |
| KuCoin NEARUSDTMshort | +0.0100% | 8h | 4.3990 | −0.380% | $55.5M | $44.2M | 75x | |
| Bitget NEARUSDT | +0.0100% | 8h | 4.4070 | −0.199% | $72.6M | $126.3M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.4080 | −0.177% | — | $144.6M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.4286 | +0.291% | $8.6M | $18.2M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.4253 | +0.214% | $265K | $986K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3800 | −0.811% | $1.5M | $1.4M | 10x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3991 | −0.378% | $236K | $3.6M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.3957 | −0.455% | $60K | $195K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.4030 | −0.290% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.4047 | −0.251% | $5K | $50K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.4160 | +0.005% | $456K | $3.9M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.4100 | −0.131% | $3.9M | $8.1M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.3956 | −0.457% | $32K | $608 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.4030 | −0.289% | $3.8M | $18.6M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.3980 | −0.403% | $205K | $34K | 3x | as long as short |
| ApeX Omni NEARUSDT | +0.0198% | 1h | 4.3790 | −0.833% | $199K | $779K | 50x | as long as short |
| Aster NEARUSDT | +0.0214% | 8h | 4.3981 | −0.402% | $3.0M | $5.5M | 50x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.4110 | −0.109% | $13.6M | $31.2M | 75x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0350% / S −0.0245% | 1h | 4.3950 | −0.471% | $258K | — | 100x | as long as short |
| 01 Exchange NEARUSD | +0.0408% | 1h | 4.3983 | −0.396% | $13K | $7K | 10x | as long as short |
| Arcus NEAR-USD | +0.0410% | 1h | 4.3990 | −0.380% | $209K | $1.7M | 10x | as long as short |
| Nado NEAR-PERP | +0.0420% | 1h | 4.3938 | −0.497% | $1.9M | $3.1M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0614% | 1h | 4.4004 | −0.349% | $1.9M | $4.4M | 25x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0668% | 1h | 4.4127 | −0.070% | $1.4M | $6.6M | 20x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0699% | 1h | 4.4076 | −0.186% | $8.2M | $41.0M | 50x | as long as short |
| Hyperliquid NEARlong | +0.0795% | 1h | 4.4158 | long leg | $371.7M | $303.8M | 10x | |
| Lighter RH NEAR | +0.0800% | 1h | 4.4133 | −0.057% | $1.6M | $6.9M | 10x | as long as short |
| Phoenix NEAR | +0.0855% | 1h | 4.4223 | +0.147% | $1.8M | $2.7M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0924% | 1h | 4.3986 | −0.389% | $558K | $1.3M | 10x | as long as short |
| Lighter NEAR | +0.1448% | 1h | 4.4132 | −0.060% | $17.7M | $25.8M | 15x | as long as short |
| Aftermath Perps NEARUSD | +0.1747% | 1h | 4.3985 | −0.393% | $6K | $12K | 10x | as long as short |
OKX NEAR-USDT-SWAP
Bulk NEAR-USD
Gate NEAR_USDT
MEXC NEAR_USDT
Bitget NEARUSDT
BingX NEAR-USDT
Variational Omni NEAR
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
Polymarket Perps NEAR-USD
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
SoDEX NEAR-USD
HTX NEAR-USDT
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Extended NEAR-USD
Aevo NEAR-PERP
ApeX Omni NEARUSDT
Aster NEARUSDT
BloFin NEAR-USDT
GMX NEAR/USD [ETH-USDC]
01 Exchange NEARUSD
Arcus NEAR-USD
Nado NEAR-PERP
Deribit NEAR_USDC-PERPETUAL
Backpack NEAR_USDC_PERP
Kraken Futures PF_NEARUSD
Lighter RH NEAR
Phoenix NEAR
RISEx NEAR/USDC
Lighter NEAR
Aftermath Perps NEARUSD