Funding you earn now, next payment 23:00 UTC−0.0246%/8h= −27.0% APRnext payment −$0.31 per $10,000 · paid last 24h −0.173%
Price spread now: Pacifica against Hyperliquid−0.118%7-day average −0.088% · you buy dearer than you sell
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$310.306% of the position
Funding, last 7 days−0.308%−$31 on $10k
+Price spread, last 4 days (all we have)+0.063%+$6 · spread now −0.118%, 7d avg −0.088%
=Together, before fees−0.245%+ Points / potential airdropHyperliquid: Season 2 · Pacifica: Active · farm board−$25 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Pacifica is 0.030% cheaper against Hyperliquid than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.088%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid NEAR | 4.1540 | 0.0346 | pay 0.0043% / 1h | 51m 18s | $350.1M | $297.3M | 10x |
| Short | Pacifica NEAR | 4.1491 | 0.0100 | get 0.0013% / 1h | 51m 18s | $350K | $1.2M | 10x |
Hyperliquid NEAR
Pacifica NEARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica 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
- −$51.69
- Price spread: −0.118% → −0.088%
- −$3.03
- Slippage, 4 orders
- −$13.6
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$85.32
- Costs to cover
- 0.306%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 13 min ago; Pacifica: 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, 13 min ago | 0.12 bp | 7.2 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell Pacifica live order book, 3 min ago | 0.12 bp | 10.7 bp −$11 | doesn't fit | 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 | 4.1475 | −0.156% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0032% | 1h | 4.1479 | −0.147% | $2.1M | $12.7M | 50x | as long as short |
| Injective NEAR/USDC PERP | −0.0002% | 1h | 4.1410 | −0.313% | $578 | $302K | 12x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.1488 | −0.124% | $106K | $56K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.1410 | −0.313% | $400K | $18.3M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0005% | 1h | 4.1484 | −0.135% | $184K | — | 150x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0049% | 1h | 4.1498 | −0.102% | $7.5M | $36.8M | 50x | as long as short |
| 01 Exchange NEARUSD | +0.0056% | 1h | 4.1506 | −0.082% | $12K | $7K | 10x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.1490 | −0.120% | $111K | $493K | 50x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.1491 | −0.118% | $53K | $157K | 20x | as long as short |
Reya NEARRUSDPERP
Coinbase International NEAR-PERP-INTX
Injective NEAR/USDC PERP
dYdX NEAR-USD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
Kraken Futures PF_NEARUSD
01 Exchange NEARUSD
Popdex NEARUSDT
Orderly PERP_NEAR_USDCShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.1482 | −0.140% | $30K | $647 | 10x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.1517 | −0.056% | $2.9M | $5.7M | 50x | as long as short |
| Pacifica NEARshort | +0.0100% | 1h | 4.1491 | −0.118% | $350K | $1.2M | 10x | |
| Binance NEARUSDT | +0.0100% | 8h | 4.1516 | −0.059% | $236.7M | $1.08B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.1490 | −0.120% | $211.7M | $426.4M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.1490 | −0.120% | $56.6M | $276.6M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.1500 | −0.096% | $307K | $1.6M | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.1486 | −0.130% | $29.6M | $56.8M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.1510 | −0.072% | $81.9M | $140.7M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.1510 | −0.072% | $56.0M | $44.8M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.1479 | −0.147% | $68.9M | $126.3M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.1480 | −0.144% | — | $6.6M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.1361 | −0.430% | $7.7M | $18.5M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.1229 | −0.749% | $235K | $1.2M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.1340 | −0.481% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.1240 | −0.722% | $181K | $793K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.1505 | −0.084% | $198K | $3.2M | 10x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.1550 | +0.024% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.1480 | −0.144% | $5K | $46K | 10x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.1480 | −0.144% | $3.8M | $8.2M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.1450 | −0.217% | $236K | $4K | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.1470 | −0.167% | $3.8M | $14.6M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.1483 | −0.138% | $200K | $62K | 3x | as long as short |
| Lighter RH NEAR | +0.0112% | 1h | 4.1529 | −0.026% | $1.4M | $6.9M | 10x | as long as short |
| Lighter NEAR | +0.0160% | 1h | 4.1553 | +0.031% | $15.3M | $22.4M | 15x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.1480 | −0.144% | $12.2M | $33.5M | 75x | as long as short |
| Hyperliquid NEARlong | +0.0346% | 1h | 4.1540 | long leg | $350.1M | $297.3M | 10x | |
| RISEx NEAR/USDC | +0.0364% | 1h | 4.1511 | −0.071% | $411K | $1.2M | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0379% / S −0.0327% | 1h | 4.1490 | −0.120% | $279K | — | 100x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0449% | 1h | 4.1524 | −0.039% | $1.8M | $2.1M | 25x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0452% | 1h | 4.1389 | −0.364% | $1.2M | $5.7M | 20x | as long as short |
| Nado NEAR-PERP | +0.0500% | 1h | 4.1472 | −0.164% | $1.8M | $3.6M | 10x | as long as short |
| Phoenix NEAR | +0.0542% | 1h | 4.1307 | −0.561% | $1.7M | $2.7M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.0949% | 1h | 4.1383 | −0.378% | $5K | $11K | 10x | as long as short |
| HTX NEAR-USDT | +0.1024% | 8h | 4.1620 | +0.193% | $447K | $3.6M | 75x | as long as short |
Paradex NEAR-USD-PERP
Aster NEARUSDT
Binance NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Arcus 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
SunX NEAR-USDT
SoDEX NEAR-USD
Phemex NEARUSDT
Bulk NEAR-USD
Extended NEAR-USD
Aevo NEAR-PERP
Lighter RH NEAR
Lighter NEAR
BloFin NEAR-USDT
RISEx NEAR/USDC
GMX NEAR/USD [ETH-USDC]
Deribit NEAR_USDC-PERPETUAL
Backpack NEAR_USDC_PERP
Nado NEAR-PERP
Phoenix NEAR
Aftermath Perps NEARUSD
HTX NEAR-USDT