Funding you earn now, next payment 02:00 UTC+0.0665%/8h= +72.8% APRnext payment +$0.83 per $10,000 · paid last 24h +0.177%
Price spread now: Hyperliquid against Popdex+0.210%7-day average +0.104% · 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−$18as in the Price arb table
costs, in and out, $10k−$280.282% of the position
Funding, last 3 days (all we have)+0.317%+$32 on $10k
+Price spread, last 4 days (all we have)−0.190%−$19 · spread now +0.210%, 7d avg +0.104%
=Together, before fees+0.126%+ Points / potential airdropHyperliquid: Season 2 · farm board+$13 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and Hyperliquid is 0.105% dearer against Popdex than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.104%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Popdex NEARUSDT | 4.3100 | 0.0096 | pay 0.0012% / 1h | 50m 30s | $115K | $476K | 50x |
| Short | Hyperliquid NEAR | 4.3190 | 0.0761 | get 0.0095% / 1h | 50m 30s | $365.3M | $302.5M | 10x |
Popdex NEARUSDT
Hyperliquid NEARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Popdex. 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
- $139.65
- Price spread: +0.210% → +0.104%
- $10.52
- Slippage, 4 orders
- −$12.77
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $122
- Costs to cover
- 0.282%
- Break-even
- 0.9 days
Slippage from Popdex: live order book, 18 min ago; Hyperliquid: 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 Popdex live order book, 18 min ago | 1.16 bp | 7.5 bp −$7 | 60.0 bp −$600 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 4 min ago | 0.12 bp | 6.5 bp −$7 | 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 | 4.3088 | −0.027% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0064% | 1h | 4.3279 | +0.415% | $2.2M | $13.4M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3055 | −0.103% | $107K | $69K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.3028 | −0.167% | $446K | $19.0M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.3250 | +0.349% | $201K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −3.921% | $578 | $302K | 12x | as long as short |
| Variational Omni NEAR | +0.0034% | 8h | 4.3248 | +0.344% | $8.1M | $19.0M | — | as long as short |
| Popdex NEARUSDTlong | +0.0096% | 1h | 4.3100 | long leg | $115K | $476K | 50x | |
| Orderly PERP_NEAR_USDC | +0.0099% | 8h | 4.3293 | +0.448% | $57K | $162K | 20x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.3135 | +0.081% | $3.0M | $5.8M | 50x | 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
Variational Omni NEAR
Orderly PERP_NEAR_USDC
Aster NEARUSDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica NEAR | +0.0100% | 1h | 4.3103 | +0.007% | $406K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.3134 | +0.079% | $256.7M | $1.06B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3110 | +0.023% | $219.2M | $418.0M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3110 | +0.023% | $60.5M | $278.0M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.3100 | 0.000% | $204K | $1.7M | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3162 | +0.144% | $246K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3029 | −0.165% | $30.9M | $60.0M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.3040 | −0.139% | $75.7M | $136.9M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3150 | +0.116% | $55.6M | $42.7M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3118 | +0.042% | $71.4M | $123.1M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.3040 | −0.139% | — | $6.6M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3139 | +0.089% | $259K | $1.0M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3230 | +0.301% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3110 | +0.023% | $178K | $777K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3127 | +0.063% | $204K | $3.5M | 10x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3350 | +0.580% | $1K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.3275 | +0.406% | $5K | $51K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.3360 | +0.603% | $438K | $3.8M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3270 | +0.394% | $3.8M | $8.3M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.3017 | −0.193% | $31K | $608 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.3026 | −0.173% | $3.8M | $17.3M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.3264 | +0.380% | $201K | $34K | 3x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0218% | 1h | 4.3313 | +0.494% | $7.7M | $37.9M | 50x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.3260 | +0.371% | $13.2M | $27.6M | 75x | as long as short |
| 01 Exchange NEARUSD | +0.0336% | 1h | 4.3148 | +0.111% | $13K | $7K | 10x | as long as short |
| Nado NEAR-PERP | +0.0341% | 1h | 4.3113 | +0.030% | $1.9M | $3.1M | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0377% / S −0.0308% | 1h | 4.3251 | +0.351% | $276K | — | 100x | as long as short |
| RISEx NEAR/USDC | +0.0509% | 1h | 4.3112 | +0.028% | $445K | $1.2M | 10x | as long as short |
| Lighter RH NEAR | +0.0584% | 1h | 4.3186 | +0.200% | $1.6M | $6.9M | 10x | as long as short |
| Phoenix NEAR | +0.0592% | 1h | 4.3187 | +0.202% | $1.8M | $2.6M | 10x | as long as short |
| Hyperliquid NEARshort | +0.0761% | 1h | 4.3190 | +0.210% | $365.3M | $302.5M | 10x | |
| Backpack NEAR_USDC_PERP | +0.0840% | 1h | 4.3322 | +0.515% | $1.4M | $6.0M | 20x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0860% | 1h | 4.3302 | +0.469% | $1.9M | $4.1M | 25x | as long as short |
| Lighter NEAR | +0.1400% | 1h | 4.3162 | +0.144% | $17.2M | $24.5M | 15x | as long as short |
| Aftermath Perps NEARUSD | +0.1434% | 1h | 4.3118 | +0.041% | $5K | $12K | 10x | as long as short |
Pacifica NEAR
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-USDC
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
SunX NEAR-USDT
SoDEX NEAR-USD
HTX NEAR-USDT
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Extended NEAR-USD
Aevo NEAR-PERP
Kraken Futures PF_NEARUSD
BloFin NEAR-USDT
01 Exchange NEARUSD
Nado NEAR-PERP
GMX NEAR/USD [ETH-USDC]
RISEx NEAR/USDC
Lighter RH NEAR
Phoenix NEAR
Backpack NEAR_USDC_PERP
Deribit NEAR_USDC-PERPETUAL
Lighter NEAR
Aftermath Perps NEARUSD