Funding you earn now, next payment 07:00 UTC−0.0793%/8h= −86.8% APRnext payment −$0.99 per $10,000 · paid last 24h +0.022%
Price spread now: Hyperliquid against RISEx+0.212%7-day average +0.062% · 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−$5as in the Price arb table
costs, in and out, $10k−$200.202% of the position
Funding, last 4 days (all we have)−0.086%−$9 on $10k
+Price spread, last 7 days−0.253%−$25 · spread now +0.212%, 7d avg +0.062%
=Together, before fees−0.339%+ Points / potential airdropHyperliquid: Season 2 · farm board−$34 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Hyperliquid is 0.149% dearer against RISEx than usual: you sell high and buy low (spread +0.212% now, against its 7-day average of +0.062%): +$15 on $10k if it goes back. Holding the pair costs −$24 a day in funding at the current rate, which eats that in about 15 hours. At the pace of the last 4 days (−0.086% in total) that is about 6.5 days.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.086% in total (about -8.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.99 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 | RISEx NEAR/USDC | 4.3380 | 0.1259 | pay 0.0157% / 1h | 7m 07s | $656K | $1.4M | 10x |
| Short | Hyperliquid NEAR | 4.3472 | 0.0466 | get 0.0058% / 1h | 7m 07s | $353.9M | $313.9M | 10x |
RISEx NEAR/USDC
Hyperliquid NEARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against RISEx. 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
- −$166.55
- Price spread: +0.212% → +0.062%
- $14.93
- Slippage, 4 orders
- −$5.15
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$171.78
- Costs to cover
- 0.202%
- Break-even
- never at this rate
Slippage from RISEx: live order book, 1 min ago; Hyperliquid: live order book, 7 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 RISEx live order book, 1 min ago | 1.04 bp | 4.0 bp −$4 | 9.7 bp −$97 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 7 min ago | 0.11 bp | 6.5 bp −$6 | 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 | 4.3399 | +0.043% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3326 | −0.124% | $107K | $68K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.3423 | +0.099% | $162K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −4.542% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3360 | −0.046% | $106K | $484K | 50x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3391 | +0.025% | $219.4M | $431.4M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3390 | +0.023% | $61.1M | $291.7M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3565 | +0.427% | $248K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3405 | +0.057% | $35.2M | $62.3M | 75x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3460 | +0.184% | $52.6M | $46.0M | 75x | as long as short |
Reya NEARRUSDPERP
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Bulk NEAR-USD
Gate NEAR_USDT
KuCoin NEARUSDTMShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget NEARUSDT | +0.0100% | 8h | 4.3358 | −0.051% | $71.8M | $128.5M | 75x | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.3567 | +0.431% | $8.7M | $18.7M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3470 | +0.208% | $252K | $904K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3475 | +0.218% | $1.4M | $1.5M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3470 | +0.207% | $164K | $804K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3408 | +0.064% | $288K | $4.1M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.3460 | +0.184% | $58K | $235K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3520 | +0.322% | $1K | $1.3M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.3445 | +0.149% | $5K | $53K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.3510 | +0.299% | $460K | $3.8M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3460 | +0.184% | $3.6M | $8.2M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0103% | 8h | 4.3340 | −0.092% | $31K | $585 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.3428 | +0.111% | $3.6M | $17.9M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0136% | 1h | 4.3485 | +0.242% | $202K | $38K | 3x | as long as short |
| BingX NEAR-USDC | +0.0203% | 8h | 4.3420 | +0.092% | — | $6.7M | — | as long as short |
| MEXC NEAR_USDT | +0.0212% | 8h | 4.3460 | +0.184% | $77.0M | $150.6M | 200x | as long as short |
| Binance NEARUSDT | +0.0213% | 8h | 4.3438 | +0.134% | $263.8M | $1.09B | 75x | as long as short |
| Kalshi KXNEARPERP | +0.0228% | 8h | 4.3397 | +0.039% | $950K | $25.1M | 2.2x | as long as short |
| Aster NEARUSDT | +0.0269% | 8h | 4.3403 | +0.053% | $2.8M | $4.8M | 50x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0313% / S −0.0200% | 1h | 4.3433 | +0.121% | $231K | — | 100x | as long as short |
| BloFin NEAR-USDT | +0.0333% | 8h | 4.3470 | +0.207% | $13.6M | $32.2M | 75x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0394% | 1h | 4.3458 | +0.179% | $1.3M | $6.9M | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0424% | 1h | 4.3489 | +0.251% | $2.3M | $16.6M | 50x | as long as short |
| 01 Exchange NEARUSD | +0.0448% | 1h | 4.3383 | +0.007% | $13K | $7K | 10x | as long as short |
| Hyperliquid NEARshort | +0.0466% | 1h | 4.3472 | +0.212% | $353.9M | $313.9M | 10x | |
| Nado NEAR-PERP | +0.0546% | 1h | 4.3364 | −0.037% | $1.7M | $3.2M | 10x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0672% | 1h | 4.3433 | +0.122% | $7.2M | $38.3M | 50x | as long as short |
| Lighter NEAR | +0.0768% | 1h | 4.3512 | +0.305% | $17.1M | $25.5M | 15x | as long as short |
| Lighter RH NEAR | +0.0864% | 1h | 4.3495 | +0.265% | $1.5M | $6.8M | 10x | as long as short |
| Arcus NEAR-USD | +0.0880% | 1h | 4.3400 | +0.046% | $223K | $1.6M | 10x | as long as short |
| Phoenix NEAR | +0.1003% | 1h | 4.3483 | +0.237% | $1.8M | $2.5M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.1040% | 1h | 4.3480 | +0.230% | $1.9M | $13.1M | 25x | as long as short |
| Pacifica NEAR | +0.1187% | 1h | 4.3390 | +0.022% | $400K | $1.4M | 10x | as long as short |
| RISEx NEAR/USDClong | +0.1259% | 1h | 4.3380 | long leg | $656K | $1.4M | 10x | |
| Aftermath Perps NEARUSD | +0.1342% | 1h | 4.3649 | +0.619% | $5K | $12K | 10x | as long as short |
Bitget NEARUSDT
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
HTX NEAR-USDT
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Extended NEAR-USD
Aevo NEAR-PERP
BingX NEAR-USDC
MEXC NEAR_USDT
Binance NEARUSDT
Kalshi KXNEARPERP
Aster NEARUSDT
GMX NEAR/USD [ETH-USDC]
BloFin NEAR-USDT
Backpack NEAR_USDC_PERP
Coinbase International NEAR-PERP-INTX
01 Exchange NEARUSD
Nado NEAR-PERP
Kraken Futures PF_NEARUSD
Lighter NEAR
Lighter RH NEAR
Arcus NEAR-USD
Phoenix NEAR
Deribit NEAR_USDC-PERPETUAL
Pacifica NEAR
Aftermath Perps NEARUSD