Funding you earn now, next payment 06:00 UTC+0.0600%/8h= +65.7% APRnext payment +$0.75 per $10,000 · paid last 24h +0.180%
Price spread now: Hyperliquid against Bulk+0.236%7-day average +0.112% · 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−$31as in the Price arb table
costs, in and out, $10k−$440.436% of the position
Funding, last 4 days (all we have)+0.344%+$34 on $10k
+Price spread, last 4 days (all we have)−0.482%−$48 · spread now +0.236%, 7d avg +0.112%
=Together, before fees−0.138%+ Points / potential airdropHyperliquid: Season 2 · farm board−$14 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 0.123% dearer against Bulk than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.112%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bulk NEAR-USD | 4.2850 | 0.0100 | pay 0.0013% / 1h | 33m 16s | $244K | −$0 | 10x |
| Short | Hyperliquid NEAR | 4.2951 | 0.0700 | get 0.0088% / 1h | 33m 16s | $351.0M | $310.1M | 10x |
Bulk NEAR-USD
Hyperliquid NEARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Bulk. 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
- $126.08
- Price spread: +0.236% → +0.112%
- $12.34
- Slippage, 4 orders
- −$27.62
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $94.79
- Costs to cover
- 0.436%
- Break-even
- 1.7 days
Slippage from Bulk: live order book, 16 min ago; Hyperliquid: live order book, 11 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 Bulk live order book, 16 min ago | 11.67 bp | 15.2 bp −$15 | 15.2 bp −$152 | 26.9 bp −$2,694 | 41.3 bp −$20.6K |
| Sell Hyperliquid live order book, 11 min ago | 0.58 bp | 7.4 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 | 4.2905 | +0.129% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.2919 | +0.160% | $106K | $68K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.2889 | +0.091% | $161K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −3.361% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.2950 | +0.233% | $112K | $500K | 50x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.2937 | +0.204% | $262.4M | $1.08B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.2853 | +0.007% | $213.2M | $420.5M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.2870 | +0.047% | $60.5M | $284.4M | 50x | as long as short |
| Bulk NEAR-USDlong | +0.0100% | 1h | 4.2850 | long leg | $244K | −$0 | 10x | |
| Gate NEAR_USDT | +0.0100% | 8h | 4.2884 | +0.079% | $32.3M | $59.9M | 75x | as long as short |
Reya NEARRUSDPERP
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Binance NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Gate NEAR_USDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC NEAR_USDT | +0.0100% | 8h | 4.2930 | +0.187% | $74.6M | $143.7M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.2960 | +0.257% | $51.8M | $45.7M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.2865 | +0.035% | $70.8M | $127.2M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.2900 | +0.117% | — | $143.4M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.2998 | +0.346% | $8.2M | $18.0M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3129 | +0.651% | $252K | $949K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.2990 | +0.326% | $1.4M | $1.5M | 10x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.2957 | +0.250% | $263K | $3.9M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.2900 | +0.117% | $56K | $243K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3050 | +0.467% | $2K | $1.3M | 20x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.3080 | +0.537% | $463K | $4.0M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.2920 | +0.163% | $3.6M | $8.3M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.2937 | +0.203% | $31K | $608 | 10x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.2915 | +0.151% | $200K | $37K | 3x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.2950 | +0.233% | $13.2M | $31.6M | 75x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0256% | 1h | 4.2942 | +0.215% | $2.3M | $15.8M | 50x | as long as short |
| Kalshi KXNEARPERP | +0.0265% | 8h | 4.2957 | +0.250% | $870K | $24.5M | 2.2x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0311% / S −0.0198% | 1h | 4.2865 | +0.036% | $232K | — | 100x | as long as short |
| ApeX Omni NEARUSDT | +0.0331% | 1h | 4.3150 | +0.700% | $166K | $794K | 50x | as long as short |
| Aster NEARUSDT | +0.0337% | 8h | 4.2910 | +0.140% | $2.8M | $5.3M | 50x | as long as short |
| Nado NEAR-PERP | +0.0364% | 1h | 4.2925 | +0.176% | $1.7M | $3.2M | 10x | as long as short |
| Extended NEAR-USD | +0.0528% | 1h | 4.2865 | +0.035% | $3.7M | $19.8M | 25x | as long as short |
| SoDEX NEAR-USD | +0.0570% | 1h | 4.2875 | +0.058% | $6K | $53K | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0656% | 1h | 4.3027 | +0.413% | $1.3M | $6.7M | 20x | as long as short |
| Hyperliquid NEARshort | +0.0700% | 1h | 4.2951 | +0.236% | $351.0M | $310.1M | 10x | |
| Kraken Futures PF_NEARUSD | +0.0738% | 1h | 4.2877 | +0.063% | $7.4M | $38.8M | 50x | as long as short |
| 01 Exchange NEARUSD | +0.0752% | 1h | 4.3020 | +0.397% | $13K | $7K | 10x | as long as short |
| Arcus NEAR-USD | +0.0814% | 1h | 4.3010 | +0.373% | $216K | $1.6M | 10x | as long as short |
| Pacifica NEAR | +0.0847% | 1h | 4.2967 | +0.273% | $394K | $1.3M | 10x | as long as short |
| Lighter NEAR | +0.0928% | 1h | 4.2939 | +0.208% | $16.8M | $25.1M | 15x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0940% | 1h | 4.2902 | +0.121% | $2.0M | $11.0M | 25x | as long as short |
| Phoenix NEAR | +0.1033% | 1h | 4.3089 | +0.558% | $1.8M | $2.5M | 10x | as long as short |
| Lighter RH NEAR | +0.1120% | 1h | 4.2940 | +0.210% | $1.4M | $7.3M | 10x | as long as short |
| RISEx NEAR/USDC | +0.1220% | 1h | 4.2993 | +0.334% | $689K | $1.3M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1368% | 1h | 4.2954 | +0.244% | $5K | $12K | 10x | as long as short |
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDT
Variational Omni NEAR
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
Polymarket Perps NEAR-USD
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
HTX NEAR-USDT
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Aevo NEAR-PERP
BloFin NEAR-USDT
Coinbase International NEAR-PERP-INTX
Kalshi KXNEARPERP
GMX NEAR/USD [ETH-USDC]
ApeX Omni NEARUSDT
Aster NEARUSDT
Nado NEAR-PERP
Extended NEAR-USD
SoDEX NEAR-USD
Backpack NEAR_USDC_PERP
Kraken Futures PF_NEARUSD
01 Exchange NEARUSD
Arcus NEAR-USD
Pacifica NEAR
Lighter NEAR
Deribit NEAR_USDC-PERPETUAL
Phoenix NEAR
Lighter RH NEAR
RISEx NEAR/USDC
Aftermath Perps NEARUSD