NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0627%/8h= +68.7% APRnext payment +$0.78 per $10,000 · paid last 24h −0.002%

Price spread now: Hyperliquid against Arcus+0.221%7-day average +0.069% · 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−$13as in the Price arb table

costs, in and out, $10k−$280.281% of the position

Long on Arcus Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.012%−$1 on $10k

Price spread, last 7 days−0.176%−$18 · spread now +0.221%, 7d avg +0.069%

Together, before fees−0.188%+ Points / potential airdropHyperliquid: Season 2 · farm board−$19 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Hyperliquid is 0.153% dearer against Arcus than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.069%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.012% in total (about -1.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.78 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	Arcus NEAR-USD	4.2910	0.0100	pay 0.0013% / 1h	20m 39s	$197K	$1.8M	10x
Short	Hyperliquid NEAR	4.3005	0.0727	get 0.0091% / 1h	20m 39s	$369.5M	$298.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Arcus. 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 ArcusbpFee HyperliquidbpOrdersPrice spread, now +0.221%Rate

Funding earned: $131.68
Price spread: +0.221% → +0.069%: $15.28
Slippage, 4 orders: −$14.56
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $118.89
Costs to cover: 0.281%
Break-even: 0.7 days

Slippage from Arcus: live order book, 3 min ago; Hyperliquid: live order book, 3 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 Arcus live order book, 3 min ago	3.52 bp	5.8 bp −$6	11.4 bp −$114	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 3 min ago	2.11 bp	8.4 bp −$8	9.9 bp −$99	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	4.2882	−0.065%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0072%	1h	4.2861	−0.114%	$2.3M	$13.1M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2924	+0.032%	$111K	$62K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2838	−0.168%	$335K	$18.8M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2873	−0.087%	$202K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.496%	$578	$302K	12x	as long as short
Variational Omni NEAR	+0.0056%	8h	4.2869	−0.095%	$7.9M	$18.5M	—	as long as short
Bybit NEARUSDT	+0.0057%	8h	4.2884	−0.061%	$218.8M	$422.4M	75x	as long as short
01 Exchange NEARUSD	+0.0080%	1h	4.2926	+0.037%	$13K	$7K	10x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2890	−0.047%	$109K	$496K	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2866	−0.103%	$57K	$194K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2896	−0.032%	$31K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2972	+0.144%	$3.0M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.2928	+0.042%	$402K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2904	−0.013%	$253.7M	$1.08B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2890	−0.047%	$61.1M	$287.0M	50x	as long as short
Arcus NEAR-USDlong	+0.0100%	1h	4.2910	long leg	$197K	$1.8M	10x
Bulk NEAR-USD	+0.0100%	1h	4.2551	−0.837%	$242K	$2K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2922	+0.028%	$30.8M	$60.0M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2920	+0.023%	$78.6M	$142.0M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2970	+0.140%	$55.8M	$43.4M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2929	+0.044%	$71.2M	$126.1M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.2910	0.000%	—	$140.1M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2658	−0.587%	$243K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2722	−0.438%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2690	−0.513%	$178K	$791K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2933	+0.054%	$192K	$3.4M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2940	+0.070%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2850	−0.140%	$4K	$54K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2870	−0.093%	$3.8M	$8.6M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2918	+0.018%	$3.9M	$16.1M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2850	−0.140%	$202K	$66K	3x	as long as short
Kraken Futures PF_NEARUSD	+0.0118%	1h	4.2899	−0.025%	$7.7M	$37.6M	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2880	−0.070%	$13.0M	$29.4M	75x	as long as short
Lighter RH NEAR	+0.0328%	1h	4.3003	+0.217%	$1.5M	$7.0M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0356%	1h	4.2903	−0.016%	$1.9M	$2.5M	25x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0376% / S −0.0314%	1h	4.2889	−0.049%	$275K	—	100x	as long as short
RISEx NEAR/USDC	+0.0404%	1h	4.2911	+0.003%	$418K	$1.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0457%	1h	4.2941	+0.072%	$1.4M	$5.6M	20x	as long as short
Phoenix NEAR	+0.0463%	1h	4.2601	−0.720%	$1.8M	$2.7M	10x	as long as short
Nado NEAR-PERP	+0.0684%	1h	4.2869	−0.095%	$1.9M	$3.4M	10x	as long as short
Hyperliquid NEARshort	+0.0727%	1h	4.3005	+0.221%	$369.5M	$298.7M	10x
HTX NEAR-USDT	+0.0801%	8h	4.2930	+0.047%	$462K	$3.7M	75x	as long as short
Aftermath Perps NEARUSD	+0.1149%	1h	4.2713	−0.460%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1688%	1h	4.3047	+0.320%	$16.5M	$23.9M	15x	as long as short