Funding you earn now, next payment 00:00 UTC+0.1513%/8h= +165.7% APRpaid last 24h +0.178%
Price spread now: Hyperliquid against Orderly+0.313%55s7-day average +0.124% · you sell dearer than you buy
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)−0.364%−$36 · spread now +0.313%, 7d avg +0.124%
=Together, before fees+0.040%+ Points / potential airdropHyperliquid: Season 2 · farm board+$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$45 a day on $10k at the current rate, and Hyperliquid is 0.188% dearer against Orderly than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of +0.124%. 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 | Orderly PERP_NEAR_USDC | 4.3187 | 0.0100 | pay 0.0100% / 8h | 57m 31s | $57K | $194K | 20x |
| Short | Hyperliquid NEAR | 4.3322 | 0.1613 | get 0.0202% / 1h | 57m 31s | $374.2M | $299.5M | 10x |
Orderly PERP_NEAR_USDC
Hyperliquid NEARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Orderly. 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: +0.313% → +0.124%
- $18.85
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $321.64
- Costs to cover
- 0.150%
- Break-even
- from the start
Slippage unknown: Orderly: no order-book sample; Hyperliquid: live order book, 7 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 7 min ago | 1.28 bp | 6.2 bp −$6 | 9.3 bp −$93 | doesn't fit | doesn't fit |
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 | +0.034% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0072% | 1h | 4.3138 | −0.113% | $2.2M | $13.2M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3229 | +0.096% | $112K | $59K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.3183 | −0.009% | $414K | $18.4M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.3193 | +0.013% | $208K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −4.115% | $578 | $302K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3230 | +0.100% | $107K | $494K | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.3226 | +0.091% | $31K | $647 | 10x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.3278 | +0.212% | $3.1M | $5.6M | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.3243 | +0.131% | $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 | +0.033% | $252.8M | $1.07B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3190 | +0.007% | $222.6M | $420.8M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3210 | +0.053% | $61.5M | $287.6M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.3230 | +0.100% | $199K | $1.8M | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3063 | −0.288% | $245K | $2K | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3230 | +0.100% | $30.7M | $58.2M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.3200 | +0.030% | $83.0M | $138.4M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3250 | +0.146% | $56.7M | $43.5M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3217 | +0.069% | $71.9M | $126.2M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.3180 | −0.016% | — | $137.9M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.3069 | −0.273% | $8.0M | $17.9M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3096 | −0.211% | $269K | $1.2M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3088 | −0.229% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3140 | −0.109% | $180K | $789K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3252 | +0.151% | $215K | $3.3M | 10x | as long as short |
| Orderly PERP_NEAR_USDClong | +0.0100% | 8h | 4.3187 | long leg | $57K | $194K | 20x | |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3210 | +0.053% | $1K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.3150 | −0.086% | $5K | $46K | 10x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3150 | −0.086% | $4.0M | $8.1M | 50x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.3203 | +0.037% | $4.0M | $14.8M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.3146 | −0.095% | $208K | $62K | 3x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0117% | 1h | 4.3175 | −0.027% | $7.8M | $36.3M | 50x | as long as short |
| Lighter RH NEAR | +0.0128% | 1h | 4.3272 | +0.197% | $1.5M | $7.0M | 10x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.3120 | −0.155% | $12.8M | $33.2M | 75x | as long as short |
| 01 Exchange NEARUSD | +0.0256% | 1h | 4.3275 | +0.204% | $13K | $7K | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0352% | 1h | 4.3188 | +0.002% | $1.9M | $2.3M | 25x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0391% / S −0.0335% | 1h | 4.3173 | −0.032% | $295K | — | 100x | as long as short |
| RISEx NEAR/USDC | +0.0404% | 1h | 4.3253 | +0.153% | $417K | $1.2M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0489% | 1h | 4.3275 | +0.204% | $1.3M | $5.6M | 20x | as long as short |
| Phoenix NEAR | +0.0542% | 1h | 4.3220 | +0.076% | $1.8M | $2.7M | 10x | as long as short |
| Nado NEAR-PERP | +0.0680% | 1h | 4.3209 | +0.052% | $1.9M | $3.4M | 10x | as long as short |
| HTX NEAR-USDT | +0.0916% | 8h | 4.3200 | +0.030% | $461K | $3.6M | 75x | as long as short |
| Aftermath Perps NEARUSD | +0.1110% | 1h | 4.3048 | −0.321% | $5K | $11K | 10x | as long as short |
| Hyperliquid NEARshort | +0.1613% | 1h | 4.3322 | +0.313% | $374.2M | $299.5M | 10x | |
| Lighter NEAR | +0.1840% | 1h | 4.3356 | +0.392% | $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