Funding you earn now, next payment 00:00 UTC−0.0840%/8h= −92.0% APRnext payment −$1.05 per $10,000 · paid last 24h −0.113%
Price spread now: Nado against Hyperliquid−0.267%7-day average −0.053% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$350.352% of the position
Funding, last 3 days (all we have)−0.226%−$23 on $10k
+Price spread, last 7 days+0.354%+$35 · spread now −0.267%, 7d avg −0.053%
=Together, before fees+0.128%+ Points / potential airdropHyperliquid: Season 2 · Nado: Active · farm board+$13 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$25 a day on $10k at the current rate, and Nado is 0.214% cheaper against Hyperliquid than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of −0.053%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.226% in total (about -26.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.05 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 | 4.3446 | 0.1520 | pay 0.0190% / 1h | 54m 23s | $375.5M | $295.4M | 10x |
| Short | Nado NEAR-PERP | 4.3330 | 0.0680 | get 0.0085% / 1h | 54m 23s | $1.9M | $3.4M | 10x |
Hyperliquid NEAR
Nado NEAR-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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
- −$176.41
- Price spread: −0.267% → −0.053%
- −$21.41
- Slippage, 4 orders
- −$19.21
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$233.04
- Costs to cover
- 0.352%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 10 min ago; Nado: live order book, 5 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, 10 min ago | 1.28 bp | 12.1 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell Nado live order book, 5 min ago | 2.89 bp | 9.1 bp −$9 | 21.4 bp −$214 | 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 | 4.3344 | −0.235% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0072% | 1h | 4.3220 | −0.520% | $2.2M | $13.2M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3314 | −0.303% | $112K | $59K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.3243 | −0.467% | $413K | $18.4M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.3362 | −0.193% | $209K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −4.686% | $578 | $302K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3320 | −0.290% | $108K | $495K | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.3330 | −0.268% | $31K | $647 | 10x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.3323 | −0.282% | $407K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.3366 | −0.185% | $255.9M | $1.07B | 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
Paradex NEAR-USD-PERP
Pacifica NEAR
Binance NEARUSDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit NEARUSDT | +0.0100% | 8h | 4.3331 | −0.265% | $223.5M | $421.1M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3320 | −0.290% | $61.8M | $288.4M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.3340 | −0.244% | $199K | $1.8M | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3063 | −0.882% | $245K | $2K | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3357 | −0.205% | $30.7M | $58.4M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.3360 | −0.198% | $81.5M | $139.1M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3360 | −0.198% | $56.8M | $43.5M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3366 | −0.184% | $72.2M | $126.1M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.3350 | −0.221% | — | $6.6M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.3159 | −0.660% | $8.1M | $17.9M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3192 | −0.584% | $270K | $1.2M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3177 | −0.620% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3230 | −0.497% | $181K | $789K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3374 | −0.166% | $208K | $3.3M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.3351 | −0.219% | $57K | $194K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3340 | −0.244% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.3289 | −0.361% | $5K | $46K | 10x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3250 | −0.451% | $4.0M | $8.1M | 50x | as long as short |
| Aster NEARUSDT | +0.0103% | 8h | 4.3372 | −0.171% | $3.1M | $5.5M | 50x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.3338 | −0.249% | $4.3M | $15.1M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.3282 | −0.378% | $208K | $62K | 3x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0117% | 1h | 4.3289 | −0.362% | $7.6M | $36.7M | 50x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.3260 | −0.428% | $13.0M | $32.7M | 75x | as long as short |
| 01 Exchange NEARUSD | +0.0256% | 1h | 4.3381 | −0.150% | $13K | $7K | 10x | as long as short |
| Lighter RH NEAR | +0.0392% | 1h | 4.3341 | −0.242% | $1.6M | $7.0M | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0392% / S −0.0343% | 1h | 4.3366 | −0.184% | $294K | — | 100x | as long as short |
| RISEx NEAR/USDC | +0.0404% | 1h | 4.3370 | −0.175% | $418K | $1.2M | 10x | as long as short |
| Phoenix NEAR | +0.0542% | 1h | 4.3220 | −0.520% | $1.8M | $2.7M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0582% | 1h | 4.3330 | −0.267% | $1.9M | $2.3M | 25x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0592% | 1h | 4.3379 | −0.154% | $1.3M | $5.6M | 20x | as long as short |
| Nado NEAR-PERPshort | +0.0680% | 1h | 4.3330 | −0.267% | $1.9M | $3.4M | 10x | |
| HTX NEAR-USDT | +0.0910% | 8h | 4.3420 | −0.060% | $463K | $3.6M | 75x | as long as short |
| Aftermath Perps NEARUSD | +0.1145% | 1h | 4.3167 | −0.642% | $5K | $11K | 10x | as long as short |
| Hyperliquid NEARlong | +0.1520% | 1h | 4.3446 | long leg | $375.5M | $295.4M | 10x | |
| Lighter NEAR | +0.2112% | 1h | 4.3427 | −0.044% | $16.7M | $23.5M | 15x | as long as short |
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
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
Aster NEARUSDT
Extended NEAR-USD
Aevo NEAR-PERP
Kraken Futures PF_NEARUSD
BloFin NEAR-USDT
01 Exchange NEARUSD
Lighter RH NEAR
GMX NEAR/USD [ETH-USDC]
RISEx NEAR/USDC
Phoenix NEAR
Deribit NEAR_USDC-PERPETUAL
Backpack NEAR_USDC_PERP
HTX NEAR-USDT
Aftermath Perps NEARUSD
Lighter NEAR