Settings8H · net · $10k
Funding arb · Price arb /

NEAR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 13:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.133%
Price spread now: Hyperliquid against SoDEX+0.211%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.211% dearer against SoDEX than usual: you sell high and buy low, +$21 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX NEAR-USD4.63600.0100pay 0.0013% / 1h25m 05s$6K$36K10x
ShortHyperliquid NEAR4.64580.0100get 0.0013% / 1h25m 05s$372.1M$322.2M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against SoDEX. 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

Funding earned
$0
Price spread: +0.211% → 0.000%
$21.14
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$4.14
Costs to cover
0.170%
Break-even
from the start
Slippage unknown: SoDEX: no order-book sample; Hyperliquid: live order book, 12 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SoDEX no order-book sample
Sell Hyperliquid live order book, 12 min ago2.81 bp7.9 bp −$8doesn't fitdoesn't fitdoesn't fit
SoDEX: 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 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_NEARUSD−0.0605%1h4.6413+0.114%$7.6M$38.4M50xas long as short
Reya NEARRUSDPERP−0.0171%1h4.6286−0.159%$2K20xas long as short
Kalshi KXNEARPERP−0.0118%8h4.6406+0.099%$804K$28.4M2.2xas long as short
dYdX NEAR-USD0.0000%1h4.6287−0.158%$113K$53K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0007%1h4.6366+0.012%$173K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.6190−0.367%$652$301K12xas long as short
Popdex NEARUSDT+0.0096%1h4.6300−0.129%$133K$547K50xas long as short
Hyperliquid NEARshort+0.0100%1h4.6458+0.211%$372.1M$322.2M10x
Aster NEARUSDT+0.0100%8h4.6417+0.122%$2.7M$5.6M50xas long as short
Binance NEARUSDT+0.0100%8h4.6401+0.088%$278.7M$1.12B75xas long as short
Show all 45 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit NEARUSDT+0.0100%8h4.6350−0.022%$238.9M$436.8M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.6310−0.108%$66.8M$327.1M50xas long as short
Arcus NEAR-USD+0.0100%1h4.6350−0.022%$236K$1.4M10xas long as short
Bulk NEAR-USD+0.0100%1h4.6100−0.561%$284K$23K10xas long as short
Gate NEAR_USDT+0.0100%8h4.6397+0.080%$44.1M$69.1M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.6420+0.129%$80.5M$180.8M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.63600.000%$55.7M$46.3M75xas long as short
Bitget NEARUSDT+0.0100%8h4.6387+0.058%$77.8M$132.4M75xas long as short
BingX NEAR-USDC+0.0100%8h4.6410+0.108%$6.7Mas long as short
Variational Omni NEAR+0.0100%8h4.6465+0.227%$9.2M$15.7Mas long as short
edgeX NEARUSDC+0.0100%4h4.6530+0.366%$267K$873K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.6550+0.410%$1.5M$1.9M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.6480+0.259%$175K$817K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.6327−0.071%$181K$4.3M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.6379+0.041%$57K$255K20xas long as short
SunX NEAR-USDT+0.0100%8h4.6480+0.259%$2K$1.3M20xas long as short
SoDEX NEAR-USDlong+0.0100%1h4.6360long leg$6K$36K10x
HTX NEAR-USDT+0.0100%8h4.6400+0.086%$484K$3.7M75xas long as short
Phemex NEARUSDT+0.0100%8h4.6410+0.108%$3.4M$9.3M50xas long as short
Paradex NEAR-USD-PERP+0.0101%8h4.6271−0.193%$33K$38910xas long as short
Extended NEAR-USD+0.0104%1h4.6321−0.085%$3.9M$15.8M25xas long as short
Aevo NEAR-PERP+0.0104%1h4.6370+0.022%$216K$35K3xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0175% / S +0.0020%1h4.6376+0.034%$204K100xas long as short
BloFin NEAR-USDT+0.0220%8h4.63600.000%$13.2M$33.6M75xas long as short
01 Exchange NEARUSD+0.0232%1h4.6307−0.114%$14K$4K10xas long as short
Lighter RH NEAR+0.0296%1h4.6463+0.222%$1.8M$5.9M10xas long as short
Nado NEAR-PERP+0.0364%1h4.6285−0.162%$1.8M$3.3M10xas long as short
Coinbase International NEAR-PERP-INTX+0.0536%1h4.6421+0.132%$2.5M$19.2M50xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0591%1h4.6398+0.082%$2.0M$13.2M25xas long as short
Backpack NEAR_USDC_PERP+0.0601%1h4.6478+0.255%$1.2M$7.4M20xas long as short
Pacifica NEAR+0.0684%1h4.6293−0.145%$438K$1.1M10xas long as short
RISEx NEAR/USDC+0.0686%1h4.6310−0.108%$569K$1.9M10xas long as short
Phoenix NEAR+0.0702%1h4.6591+0.498%$1.8M$2.8M10xas long as short
Lighter NEAR+0.0784%1h4.6504+0.310%$18.8M$27.1M15xas long as short
Aftermath Perps NEARUSD+0.0830%1h4.6375+0.032%$6K$7K10xas long as short