NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0992%/8h= −108.7% APRnext payment −$1.24 per $10,000 · paid last 24h −0.177%

Price spread now: Polymarket Perps against Hyperliquid−0.082%7-day average −0.071% · you buy dearer than you sell

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$270.266% of the position

Long on Hyperliquid Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.359%−$36 on $10k

Price spread, last 7 days+0.086%+$9 · spread now −0.082%, 7d avg −0.071%

Together, before fees−0.273%+ Points / potential airdropHyperliquid: Season 2 · farm board−$27 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.071%, so right now this pair is about funding alone: −$30 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.359% in total (about -18.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.24 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	4.1484	0.1092	pay 0.0137% / 1h	36m 32s	$349.3M	$300.8M	10x
Short	Polymarket Perps NEAR-USD	4.1450	0.0100	get 0.0013% / 1h	36m 32s	$205K	$3.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Hyperliquid. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee Polymarket PerpsbpOrdersPrice spread, now −0.082%Rate

Funding earned: −$208.39
Price spread: −0.082% → −0.071%: −$1.05
Slippage, 4 orders: −$9.63
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$236.06
Costs to cover: 0.266%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 8 min ago; Polymarket Perps: 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, 8 min ago	0.12 bp	6.5 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 2 min ago	1.21 bp	9.0 bp −$9	14.7 bp −$147	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	4.1424	−0.145%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0024%	1h	4.1338	−0.352%	$2.1M	$12.7M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.1388	−0.231%	$104K	$54K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.1424	−0.145%	$411K	$19.1M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.1436	−0.116%	$205K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.0730	−1.818%	$569	$239K	12x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0039%	1h	4.1470	−0.034%	$1.8M	$2.1M	25x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.1360	−0.299%	$107K	$489K	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.1324	−0.386%	$30K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.1414	−0.169%	$2.9M	$5.9M	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica NEAR	+0.0100%	1h	4.1388	−0.231%	$366K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.1360	−0.299%	$235.6M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.1346	−0.333%	$211.0M	$427.9M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.1350	−0.323%	$56.5M	$277.1M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.1240	−0.589%	$235K	$6K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.1349	−0.325%	$29.5M	$58.0M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.1340	−0.347%	$80.3M	$142.7M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.1380	−0.251%	$56.2M	$45.1M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.1348	−0.328%	$68.9M	$127.8M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.1350	−0.323%	—	$136.5M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.1205	−0.672%	$7.5M	$18.4M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.1283	−0.485%	$235K	$1.3M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.1160	−0.780%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.1200	−0.685%	$182K	$790K	50x	as long as short
Polymarket Perps NEAR-USDshort	+0.0100%	1h	4.1450	−0.082%	$205K	$3.1M	10x
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.1446	−0.092%	$53K	$159K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.1440	−0.106%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.1390	−0.227%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.1410	−0.178%	$3.8M	$8.4M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.1344	−0.336%	$3.6M	$14.6M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.1435	−0.118%	$201K	$65K	3x	as long as short
Arcus NEAR-USD	+0.0118%	1h	4.1370	−0.275%	$307K	$1.6M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0150%	1h	4.1404	−0.194%	$7.1M	$36.6M	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.1410	−0.178%	$12.2M	$33.6M	75x	as long as short
01 Exchange NEARUSD	+0.0264%	1h	4.1384	−0.241%	$12K	$7K	10x	as long as short
Lighter RH NEAR	+0.0336%	1h	4.1414	−0.169%	$1.4M	$7.2M	10x	as long as short
Nado NEAR-PERP	+0.0344%	1h	4.1385	−0.239%	$1.8M	$3.6M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0373% / S −0.0317%	1h	4.1430	−0.131%	$273K	—	100x	as long as short
RISEx NEAR/USDC	+0.0569%	1h	4.1384	−0.241%	$416K	$1.2M	10x	as long as short
Phoenix NEAR	+0.0582%	1h	4.1355	−0.311%	$1.7M	$2.8M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0813%	1h	4.1470	−0.034%	$1.4M	$5.7M	20x	as long as short
Lighter NEAR	+0.0880%	1h	4.1439	−0.108%	$15.4M	$22.6M	15x	as long as short
Aftermath Perps NEARUSD	+0.1050%	1h	4.1275	−0.503%	$5K	$11K	10x	as long as short
Hyperliquid NEARlong	+0.1092%	1h	4.1484	long leg	$349.3M	$300.8M	10x
HTX NEAR-USDT	+0.1131%	8h	4.1540	+0.135%	$449K	$3.8M	75x	as long as short