Funding you earn now, next payment 22:00 UTC+0.1031%/8h= +112.9% APRnext payment +$1.29 per $10,000 · paid last 24h +0.131%
Price spread now: Hyperliquid against Injective+1.220%73s7-day average −1.023% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.323%+$32 on $10k
+Price spread, last 3 days (all we have)−4.798%−$480 · spread now +1.220%, 7d avg −1.023%
=Together, before fees−4.475%+ Points / potential airdropHyperliquid: Season 2 · farm board−$448 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$31 a day on $10k at the current rate, and Hyperliquid is 2.243% dearer against Injective than usual: you sell high and buy low: +$224 more if the spread goes back to its 7-day average of −1.023%. The two prices were read 73 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 0.323% in total (about 16.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.29 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 | Injective NEAR/USDC PERP | 4.0730 | 0.0033 | pay 0.0004% / 1h | 48m 05s | $569 | $239K | 12x |
| Short | Hyperliquid NEAR | 4.1227 | 0.1064 | get 0.0133% / 1h | 48m 05s | $347.2M | $301.2M | 10x |
Injective NEAR/USDC PERP
Hyperliquid NEARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Injective. 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
- $216.55
- Price spread: +1.220% → −1.023%
- $224.3
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $431.83
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Hyperliquid: live order book, 6 min ago. 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 Injective no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 6 min ago | 0.37 bp | 5.1 bp −$5 | doesn't fit | doesn't fit | doesn't fit |
Injective: 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 | 4.1076 | +0.850% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0024% | 1h | 4.1045 | +0.773% | $2.1M | $12.6M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.1062 | +0.814% | $103K | $54K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.1124 | +0.967% | $418K | $19.3M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.1189 | +1.126% | $199K | — | 150x | as long as short |
| Injective NEAR/USDC PERPlong | +0.0033% | 1h | 4.0730 | long leg | $569 | $239K | 12x | |
| Popdex NEARUSDT | +0.0096% | 1h | 4.1050 | +0.786% | $106K | $487K | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.1045 | +0.773% | $30K | $647 | 10x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.1220 | +1.203% | $2.9M | $5.9M | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.1064 | +0.821% | $363K | $1.2M | 10x | as long as short |
Reya NEARRUSDPERP
Coinbase International NEAR-PERP-INTX
dYdX NEAR-USD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
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 | 4.1160 | +1.056% | $234.5M | $1.09B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.1140 | +1.007% | $209.9M | $427.1M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.1160 | +1.056% | $56.2M | $276.3M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.0916 | +0.455% | $233K | $6K | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.1176 | +1.095% | $29.3M | $57.8M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.1160 | +1.056% | $79.6M | $142.0M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.1220 | +1.203% | $56.0M | $45.3M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.1160 | +1.056% | $68.6M | $127.8M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.1150 | +1.031% | — | $6.6M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.0845 | +0.283% | $7.5M | $18.5M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.0956 | +0.555% | $233K | $1.3M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.0942 | +0.520% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.0920 | +0.466% | $180K | $791K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.1119 | +0.955% | $202K | $3.1M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.1201 | +1.156% | $53K | $159K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.1250 | +1.277% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.1204 | +1.164% | $5K | $46K | 10x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.1160 | +1.056% | $3.8M | $8.4M | 50x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.1146 | +1.022% | $3.6M | $14.4M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.1190 | +1.129% | $200K | $65K | 3x | as long as short |
| Arcus NEAR-USD | +0.0118% | 1h | 4.1070 | +0.835% | $305K | $1.6M | 10x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0150% | 1h | 4.1225 | +1.216% | $7.1M | $36.8M | 50x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.1040 | +0.761% | $12.1M | $33.3M | 75x | as long as short |
| 01 Exchange NEARUSD | +0.0344% | 1h | 4.1078 | +0.854% | $12K | $8K | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0372% / S −0.0317% | 1h | 4.1179 | +1.103% | $271K | — | 100x | as long as short |
| Nado NEAR-PERP | +0.0378% | 1h | 4.1046 | +0.776% | $1.8M | $3.7M | 10x | as long as short |
| Lighter RH NEAR | +0.0392% | 1h | 4.1218 | +1.198% | $1.4M | $7.2M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0405% | 1h | 4.1235 | +1.240% | $1.8M | $2.1M | 25x | as long as short |
| RISEx NEAR/USDC | +0.0569% | 1h | 4.1082 | +0.865% | $418K | $1.2M | 10x | as long as short |
| Phoenix NEAR | +0.0582% | 1h | 4.1045 | +0.773% | $1.7M | $2.8M | 10x | as long as short |
| Lighter NEAR | +0.0616% | 1h | 4.1246 | +1.267% | $15.3M | $22.6M | 15x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0802% | 1h | 4.1238 | +1.247% | $1.4M | $5.7M | 20x | as long as short |
| Aftermath Perps NEARUSD | +0.1062% | 1h | 4.0977 | +0.606% | $5K | $11K | 10x | as long as short |
| Hyperliquid NEARshort | +0.1064% | 1h | 4.1227 | +1.220% | $347.2M | $301.2M | 10x | |
| HTX NEAR-USDT | +0.1133% | 8h | 4.1210 | +1.178% | $440K | $3.8M | 75x | as long as short |
Binance NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
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
Extended NEAR-USD
Aevo NEAR-PERP
Arcus NEAR-USD
Kraken Futures PF_NEARUSD
BloFin NEAR-USDT
01 Exchange NEARUSD
GMX NEAR/USD [ETH-USDC]
Nado NEAR-PERP
Lighter RH NEAR
Deribit NEAR_USDC-PERPETUAL
RISEx NEAR/USDC
Phoenix NEAR
Lighter NEAR
Backpack NEAR_USDC_PERP
Aftermath Perps NEARUSD
HTX NEAR-USDT