Funding you earn now, next payment 00:00 UTC−0.1513%/8h= −165.7% APRpaid last 24h −0.178%
Price spread now: Orderly against Hyperliquid−0.312%55s7-day average −0.124% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.404%−$40 on $10k
+Price spread, last 3 days (all we have)+0.363%+$36 · spread now −0.312%, 7d avg −0.124%
=Together, before fees−0.041%+ Points / potential airdropHyperliquid: Season 2 · farm board−$4 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$45 a day on $10k at the current rate, and Orderly is 0.187% cheaper against Hyperliquid than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of −0.124%). Swap the legs. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.404% 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 | 4.3322 | 0.1613 | pay 0.0202% / 1h | 57m 31s | $374.2M | $299.5M | 10x |
| Short | Orderly PERP_NEAR_USDC | 4.3187 | 0.0100 | get 0.0100% / 8h | 57m 31s | $57K | $194K | 20x |
Hyperliquid NEAR
Orderly PERP_NEAR_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$317.8
- Price spread: −0.312% → −0.124%
- −$18.75
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$351.55
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 7 min ago; Orderly: no order-book sample. Net counts fees only.
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 | 1.28 bp | 12.1 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 4.3202 | −0.278% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0072% | 1h | 4.3138 | −0.425% | $2.2M | $13.2M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3229 | −0.216% | $112K | $59K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.3183 | −0.321% | $414K | $18.4M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.3193 | −0.299% | $208K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −4.413% | $578 | $302K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3230 | −0.212% | $107K | $494K | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.3226 | −0.221% | $31K | $647 | 10x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.3278 | −0.101% | $3.1M | $5.6M | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.3243 | −0.181% | $406K | $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
Popdex NEARUSDT
Paradex NEAR-USD-PERP
Aster NEARUSDT
Pacifica NEARShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance NEARUSDT | +0.0100% | 8h | 4.3201 | −0.278% | $252.8M | $1.07B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3190 | −0.305% | $222.6M | $420.8M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3210 | −0.259% | $61.5M | $287.6M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.3230 | −0.212% | $199K | $1.8M | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3063 | −0.598% | $245K | $2K | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3230 | −0.212% | $30.7M | $58.2M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.3200 | −0.282% | $83.0M | $138.4M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3250 | −0.166% | $56.7M | $43.5M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3217 | −0.242% | $71.9M | $126.2M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.3180 | −0.328% | — | $137.9M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.3069 | −0.584% | $8.0M | $17.9M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3096 | −0.522% | $269K | $1.2M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3088 | −0.540% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3140 | −0.420% | $180K | $789K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3252 | −0.162% | $215K | $3.3M | 10x | as long as short |
| Orderly PERP_NEAR_USDCshort | +0.0100% | 8h | 4.3187 | −0.312% | $57K | $194K | 20x | |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3210 | −0.259% | $1K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.3150 | −0.397% | $5K | $46K | 10x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3150 | −0.397% | $4.0M | $8.1M | 50x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.3203 | −0.274% | $4.0M | $14.8M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.3146 | −0.407% | $208K | $62K | 3x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0117% | 1h | 4.3175 | −0.338% | $7.8M | $36.3M | 50x | as long as short |
| Lighter RH NEAR | +0.0128% | 1h | 4.3272 | −0.115% | $1.5M | $7.0M | 10x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.3120 | −0.466% | $12.8M | $33.2M | 75x | as long as short |
| 01 Exchange NEARUSD | +0.0256% | 1h | 4.3275 | −0.108% | $13K | $7K | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0352% | 1h | 4.3188 | −0.309% | $1.9M | $2.3M | 25x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0391% / S −0.0335% | 1h | 4.3173 | −0.344% | $295K | — | 100x | as long as short |
| RISEx NEAR/USDC | +0.0404% | 1h | 4.3253 | −0.159% | $417K | $1.2M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0489% | 1h | 4.3275 | −0.108% | $1.3M | $5.6M | 20x | as long as short |
| Phoenix NEAR | +0.0542% | 1h | 4.3220 | −0.235% | $1.8M | $2.7M | 10x | as long as short |
| Nado NEAR-PERP | +0.0680% | 1h | 4.3209 | −0.260% | $1.9M | $3.4M | 10x | as long as short |
| HTX NEAR-USDT | +0.0916% | 8h | 4.3200 | −0.282% | $461K | $3.6M | 75x | as long as short |
| Aftermath Perps NEARUSD | +0.1110% | 1h | 4.3048 | −0.632% | $5K | $11K | 10x | as long as short |
| Hyperliquid NEARlong | +0.1613% | 1h | 4.3322 | long leg | $374.2M | $299.5M | 10x | |
| Lighter NEAR | +0.1840% | 1h | 4.3356 | +0.079% | $16.7M | $23.5M | 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-USDT
Variational Omni NEAR
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
SunX NEAR-USDT
SoDEX NEAR-USD
Phemex NEARUSDT
Extended NEAR-USD
Aevo NEAR-PERP
Kraken Futures PF_NEARUSD
Lighter RH NEAR
BloFin NEAR-USDT
01 Exchange NEARUSD
Deribit NEAR_USDC-PERPETUAL
GMX NEAR/USD [ETH-USDC]
RISEx NEAR/USDC
Backpack NEAR_USDC_PERP
Phoenix NEAR
Nado NEAR-PERP
HTX NEAR-USDT
Aftermath Perps NEARUSD
Lighter NEAR