NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0759%/8h= +83.1% APRnext payment +$0.95 per $10,000 · paid last 24h −0.044%

Price spread now: RISEx against Hyperliquid+0.363%7-day average −0.063% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs+$11as in the Price arb table

costs, in and out, $10k−$310.313% of the position

Long on Hyperliquid Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.065%+$6 on $10k

Price spread, last 7 days−0.316%−$32 · spread now +0.363%, 7d avg −0.063%

Together, before fees−0.251%+ Points / potential airdropHyperliquid: Season 2 · farm board−$25 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and RISEx is 0.426% dearer against Hyperliquid than usual: you sell high and buy low: +$43 more if the spread goes back to its 7-day average of −0.063%.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.065% in total (about 6.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.95 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	4.4576	0.0167	pay 0.0021% / 1h	44m 29s	$368.2M	$326.8M	10x
Short	RISEx NEAR/USDC	4.4738	0.0926	get 0.0116% / 1h	44m 29s	$565K	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.363%Rate

Funding earned: $159.42
Price spread: +0.363% → −0.063%: $42.62
Slippage, 4 orders: −$16.31
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee RISEx: 3 bp × 2 orders: −$6
Net: $170.73
Costs to cover: 0.313%
Break-even: from the start

Slippage from Hyperliquid: live order book, 10 min ago; RISEx: 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, 10 min ago	1.12 bp	8.4 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell RISEx live order book, 4 min ago	3.93 bp	6.9 bp −$7	14.4 bp −$144	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	4.4695	+0.267%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0008%	1h	4.4210	−0.821%	$2.2M	$15.3M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4567	−0.021%	$110K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4222	−0.794%	$628K	$22.2M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0005%	1h	4.4194	−0.857%	$178K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.102%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4750	+0.390%	$117K	$515K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4592	+0.035%	$426K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4780	+0.458%	$273.8M	$1.11B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4740	+0.368%	$224.1M	$425.0M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4710	+0.301%	$63.3M	$304.8M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4550	−0.058%	$254K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4657	+0.182%	$32.3M	$63.0M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4650	+0.166%	$75.0M	$147.7M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4600	+0.054%	$55.4M	$46.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4693	+0.262%	$73.5M	$130.7M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.4680	+0.233%	—	$148.0M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4367	−0.469%	$8.6M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4481	−0.214%	$267K	$979K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4624	+0.108%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4460	−0.260%	$171K	$793K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4696	+0.269%	$241K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4217	−0.805%	$56K	$237K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4310	−0.597%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4215	−0.810%	$8K	$53K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4260	−0.709%	$460K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4360	−0.485%	$3.8M	$8.4M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4562	−0.033%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4215	−0.810%	$206K	$40K	3x	as long as short
Hyperliquid NEARlong	+0.0167%	1h	4.4576	long leg	$368.2M	$326.8M	10x
Backpack NEAR_USDC_PERP	+0.0178%	1h	4.4478	−0.220%	$1.4M	$6.6M	20x	as long as short
Extended NEAR-USD	+0.0192%	1h	4.4653	+0.174%	$4.0M	$19.6M	25x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4410	−0.372%	$14.1M	$33.1M	75x	as long as short
01 Exchange NEARUSD	+0.0240%	1h	4.4759	+0.411%	$13K	$7K	10x	as long as short
Aster NEARUSDT	+0.0296%	8h	4.4542	−0.077%	$3.1M	$5.5M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0338% / S −0.0217%	1h	4.4189	−0.868%	$247K	—	100x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0429%	1h	4.4230	−0.776%	$2.0M	$6.7M	25x	as long as short
Nado NEAR-PERP	+0.0500%	1h	4.4725	+0.334%	$1.9M	$3.1M	10x	as long as short
Lighter RH NEAR	+0.0504%	1h	4.4602	+0.058%	$1.6M	$7.2M	10x	as long as short
Arcus NEAR-USD	+0.0581%	1h	4.4800	+0.503%	$221K	$1.8M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0587%	1h	4.4241	−0.752%	$8.2M	$40.2M	50x	as long as short
Lighter NEAR	+0.0680%	1h	4.4682	+0.239%	$18.0M	$26.2M	15x	as long as short
Phoenix NEAR	+0.0794%	1h	4.4521	−0.123%	$1.8M	$2.8M	10x	as long as short
RISEx NEAR/USDCshort	+0.0926%	1h	4.4738	+0.363%	$565K	$1.4M	10x
Aftermath Perps NEARUSD	+0.1572%	1h	4.4597	+0.048%	$6K	$12K	10x	as long as short