Funding you earn now, next payment 22:00 UTC−0.0974%/8h= −106.6% APRpaid last 24h −0.177%
Price spread now: MEXC against Hyperliquid−0.154%7-day average −0.095% · you buy dearer than you sell
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$220.220% of the position
Funding, last 7 days−0.371%−$37 on $10k
+Price spread, last 7 days+0.151%+$15 · spread now −0.154%, 7d avg −0.095%
=Together, before fees−0.220%+ Points / potential airdropHyperliquid: Season 2 · farm board−$22 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$29 a day on $10k at the current rate, and MEXC is 0.059% cheaper against Hyperliquid than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.095%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.371% in total (about -19.3% 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 | 4.1484 | 0.1074 | pay 0.0134% / 1h | 30m 31s | $349.0M | $301.6M | 10x |
| Short | MEXC NEAR_USDT | 4.1420 | 0.0100 | get 0.0100% / 8h | 2h 30m | $80.8M | $143.1M | 200x |
Hyperliquid NEAR
MEXC NEAR_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$204.48
- Price spread: −0.154% → −0.095%
- −$5.93
- Slippage, 4 orders
- −$12.99
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$232.4
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 4 min ago; MEXC: live order book, 4 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 | 2.16 bp | 8.1 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 2.40 bp | 4.1 bp −$4 | 5.2 bp −$52 | 21.7 bp −$2,166 | 53.5 bp −$26.8K |
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 | 4.1407 | −0.187% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0024% | 1h | 4.1562 | +0.188% | $2.1M | $12.7M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.1392 | −0.221% | $104K | $54K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.1573 | +0.215% | $412K | $19.1M | 2.2x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | 0.0000% | 1h | 4.1601 | +0.282% | $1.8M | $2.1M | 25x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.1427 | −0.138% | $205K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.0730 | −1.818% | $569 | $239K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.1410 | −0.178% | $108K | $490K | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.1403 | −0.196% | $30K | $647 | 10x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.1433 | −0.123% | $2.9M | $5.9M | 50x | as long as short |
Reya NEARRUSDPERP
Coinbase International NEAR-PERP-INTX
dYdX NEAR-USD
Kalshi KXNEARPERP
Deribit NEAR_USDC-PERPETUAL
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Paradex NEAR-USD-PERP
Aster NEARUSDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica NEAR | +0.0100% | 1h | 4.1425 | −0.142% | $366K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.1430 | −0.130% | $235.9M | $1.09B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.1390 | −0.227% | $210.9M | $428.9M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.1390 | −0.227% | $56.6M | $277.4M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.1550 | +0.159% | $237K | $6K | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.1408 | −0.183% | $29.5M | $58.1M | 75x | as long as short |
| MEXC NEAR_USDTshort | +0.0100% | 8h | 4.1420 | −0.154% | $80.8M | $143.1M | 200x | |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.1430 | −0.130% | $56.0M | $45.2M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.1403 | −0.195% | $69.0M | $127.9M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.1420 | −0.154% | — | $136.5M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.1354 | −0.314% | $7.6M | $18.4M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.1548 | +0.155% | $236K | $1.3M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.1528 | +0.107% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.1560 | +0.183% | $183K | $790K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.1431 | −0.128% | $195K | $3.1M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.1573 | +0.215% | $54K | $159K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.1620 | +0.328% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.1530 | +0.111% | $5K | $46K | 10x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.1540 | +0.135% | $3.8M | $8.4M | 50x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.1397 | −0.210% | $3.7M | $14.6M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.1566 | +0.199% | $201K | $65K | 3x | as long as short |
| Arcus NEAR-USD | +0.0118% | 1h | 4.1440 | −0.106% | $307K | $1.6M | 10x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0149% | 1h | 4.1546 | +0.150% | $7.1M | $36.7M | 50x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.1610 | +0.304% | $12.3M | $33.9M | 75x | as long as short |
| 01 Exchange NEARUSD | +0.0240% | 1h | 4.1431 | −0.128% | $12K | $7K | 10x | as long as short |
| Nado NEAR-PERP | +0.0344% | 1h | 4.1390 | −0.227% | $1.8M | $3.6M | 10x | as long as short |
| Lighter RH NEAR | +0.0352% | 1h | 4.1463 | −0.051% | $1.4M | $7.2M | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0374% / S −0.0317% | 1h | 4.1592 | +0.260% | $274K | — | 100x | as long as short |
| RISEx NEAR/USDC | +0.0569% | 1h | 4.1430 | −0.130% | $414K | $1.2M | 10x | as long as short |
| Phoenix NEAR | +0.0582% | 1h | 4.1650 | +0.400% | $1.7M | $2.8M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0808% | 1h | 4.1588 | +0.251% | $1.4M | $5.7M | 20x | as long as short |
| Lighter NEAR | +0.0880% | 1h | 4.1486 | +0.004% | $15.4M | $22.7M | 15x | as long as short |
| Aftermath Perps NEARUSD | +0.0997% | 1h | 4.1447 | −0.088% | $5K | $11K | 10x | as long as short |
| Hyperliquid NEARlong | +0.1074% | 1h | 4.1484 | long leg | $349.0M | $301.6M | 10x | |
| HTX NEAR-USDT | +0.1122% | 8h | 4.1670 | +0.448% | $448K | $3.8M | 75x | as long as short |
Pacifica NEAR
Binance NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Bulk NEAR-USD
Gate NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDT
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
Extended NEAR-USD
Aevo NEAR-PERP
Arcus NEAR-USD
Kraken Futures PF_NEARUSD
BloFin NEAR-USDT
01 Exchange NEARUSD
Nado NEAR-PERP
Lighter RH NEAR
GMX NEAR/USD [ETH-USDC]
RISEx NEAR/USDC
Phoenix NEAR
Backpack NEAR_USDC_PERP
Lighter NEAR
Aftermath Perps NEARUSD
HTX NEAR-USDT