NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0597%/8h= +65.4% APRnext payment +$0.75 per $10,000 · paid last 24h +0.172%

Price spread now: Hyperliquid against Pacifica+0.202%7-day average +0.090% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$530.526% of the position

Long on Pacifica Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.322%+$32 on $10k

Price spread, last 4 days (all we have)−0.098%−$10 · spread now +0.202%, 7d avg +0.090%

Together, before fees+0.224%+ Points / potential airdropPacifica: Active · Hyperliquid: Season 2 · farm board+$22 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Hyperliquid is 0.112% dearer against Pacifica than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.090%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.322% in total (about 16.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.75 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	Pacifica NEAR	4.2860	0.0100	pay 0.0013% / 1h	54m 48s	$404K	$1.2M	10x
Short	Hyperliquid NEAR	4.2947	0.0697	get 0.0087% / 1h	54m 48s	$363.3M	$302.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Pacifica. 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 PacificabpFee HyperliquidbpOrdersPrice spread, now +0.202%Rate

Funding earned: $125.47
Price spread: +0.202% → +0.090%: $11.21
Slippage, 4 orders: −$35.64
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $84.03
Costs to cover: 0.526%
Break-even: 2.3 days

Slippage from Pacifica: live order book, 4 min ago; Hyperliquid: live order book, 9 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 Pacifica live order book, 4 min ago	4.52 bp	18.6 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 9 min ago	0.12 bp	9.2 bp −$9	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	4.2799	−0.142%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0064%	1h	4.2904	+0.102%	$2.1M	$13.3M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2868	+0.018%	$107K	$69K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2859	−0.003%	$405K	$18.9M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2831	−0.069%	$156K	—	150x	as long as short
Variational Omni NEAR	+0.0025%	8h	4.2868	+0.019%	$8.1M	$18.8M	—	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.384%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2790	−0.164%	$114K	$474K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.2820	−0.094%	$57K	$162K	20x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2910	+0.116%	$3.0M	$5.8M	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica NEARlong	+0.0100%	1h	4.2860	long leg	$404K	$1.2M	10x
Binance NEARUSDT	+0.0100%	8h	4.2840	−0.047%	$254.2M	$1.05B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.2830	−0.071%	$217.5M	$417.2M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2840	−0.047%	$60.3M	$275.4M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2840	−0.047%	$203K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3162	+0.705%	$246K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2824	−0.085%	$30.7M	$59.8M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2880	+0.046%	$75.0M	$136.5M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2880	+0.046%	$55.2M	$42.7M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2832	−0.066%	$70.9M	$122.9M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.2840	−0.047%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2963	+0.240%	$258K	$1.0M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2860	−0.001%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2960	+0.233%	$178K	$777K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2829	−0.073%	$208K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2920	+0.139%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2800	−0.141%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.2940	+0.186%	$437K	$3.8M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2860	−0.001%	$3.8M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2823	−0.087%	$31K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2864	+0.009%	$3.8M	$17.3M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2820	−0.094%	$199K	$31K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2850	−0.024%	$13.2M	$27.4M	75x	as long as short
Kraken Futures PF_NEARUSD	+0.0221%	1h	4.2824	−0.085%	$7.7M	$38.0M	50x	as long as short
01 Exchange NEARUSD	+0.0296%	1h	4.2772	−0.206%	$13K	$7K	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0376% / S −0.0308%	1h	4.2845	−0.036%	$273K	—	100x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0451%	1h	4.2835	−0.059%	$1.9M	$4.0M	25x	as long as short
Nado NEAR-PERP	+0.0452%	1h	4.2786	−0.173%	$1.9M	$3.1M	10x	as long as short
Phoenix NEAR	+0.0499%	1h	4.2970	+0.256%	$1.8M	$2.6M	10x	as long as short
RISEx NEAR/USDC	+0.0509%	1h	4.2823	−0.087%	$428K	$1.2M	10x	as long as short
Lighter RH NEAR	+0.0528%	1h	4.2932	+0.167%	$1.6M	$6.9M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0665%	1h	4.2926	+0.153%	$1.4M	$6.0M	20x	as long as short
Hyperliquid NEARshort	+0.0697%	1h	4.2947	+0.202%	$363.3M	$302.7M	10x
Lighter NEAR	+0.1312%	1h	4.2910	+0.117%	$17.1M	$24.4M	15x	as long as short
Aftermath Perps NEARUSD	+0.1499%	1h	4.3048	+0.438%	$5K	$12K	10x	as long as short