NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0596%/8h= +65.3% APRnext payment +$0.74 per $10,000 · paid last 24h +0.207%

Price spread now: Hyperliquid against dYdX−0.053%7-day average +0.133% · you buy dearer than you sell

Net, funding: paid 7d − costs−$193as in the Funding arb table

Net, price: spread back to 7d avg − costs−$270as in the Price arb table

costs, in and out, $10k−$2522.518% of the position

Long on dYdX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.587%+$59 on $10k

Price spread, last 4 days (all we have)+0.172%+$17 · spread now −0.053%, 7d avg +0.133%

Together, before fees+0.759%+ Points / potential airdropHyperliquid: Season 2 · farm board+$76 on $10k · with fees, hour by hour

Funding pays, the price is against you. Hyperliquid is 0.186% cheaper against dYdX than usual: you would sell low and buy high (spread −0.053% now, against its 7-day average of +0.133%). If the spread goes back, that is −$19 on $10k: about 25 hours of funding at the current rate (+$18 a day). At the pace of the last 7 days (+0.587% in total) that is about 2.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX NEAR-USD	4.3462	0	get 0.0000% / 1h	20m 36s	$107K	$69K	10x
Short	Hyperliquid NEAR	4.3439	0.0596	get 0.0074% / 1h	20m 36s	$355.6M	$313.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against dYdX. 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 dYdXbpFee HyperliquidbpOrdersPrice spread, now −0.053%Rate

Funding earned: $125.14
Price spread: −0.053% → +0.133%: −$18.6
Slippage, 4 orders: −$232.85
Fee dYdX: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$145.3
Costs to cover: 2.518%
Break-even: 15.1 days

Slippage from dYdX: live order book, 33 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 dYdX live order book, 33 min ago	109.99 bp	115.0 bp −$115	115.0 bp −$1,150	118.2 bp −$11.8K	320.7 bp −$160.4K
Sell Hyperliquid live order book, 3 min ago	0.46 bp	10.2 bp −$10	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	4.3351	−0.255%	$2K	—	20x	as long as short
dYdX NEAR-USDlong	0.0000%	1h	4.3462	long leg	$107K	$69K	10x
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3330	−0.304%	$162K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.722%	$578	$301K	12x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0056%	1h	4.3431	−0.072%	$2.3M	$15.9M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3560	+0.225%	$110K	$503K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3586	+0.286%	$266.6M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3501	+0.089%	$215.3M	$428.3M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3510	+0.110%	$61.5M	$290.6M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3250	−0.488%	$246K	−$0	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NEAR_USDT	+0.0100%	8h	4.3503	+0.094%	$32.1M	$61.7M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3510	+0.110%	$73.8M	$145.9M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3500	+0.087%	$53.9M	$46.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3518	+0.128%	$71.8M	$127.9M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3520	+0.133%	—	$145.9M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3327	−0.310%	$8.2M	$18.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3292	−0.393%	$253K	$948K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3500	+0.087%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3280	−0.419%	$166K	$796K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3406	−0.129%	$276K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3365	−0.224%	$57K	$246K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3440	−0.051%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3520	+0.133%	$472K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3380	−0.189%	$3.7M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3504	+0.096%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3328	−0.310%	$201K	$37K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3410	−0.120%	$13.4M	$32.2M	75x	as long as short
Pacifica NEAR	+0.0263%	1h	4.3459	−0.008%	$408K	$1.3M	10x	as long as short
Kalshi KXNEARPERP	+0.0277%	8h	4.3354	−0.249%	$873K	$23.5M	2.2x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0323% / S −0.0198%	1h	4.3324	−0.317%	$234K	—	100x	as long as short
Aster NEARUSDT	+0.0333%	8h	4.3485	+0.053%	$2.9M	$5.5M	50x	as long as short
SoDEX NEAR-USD	+0.0362%	1h	4.3335	−0.293%	$6K	$53K	10x	as long as short
01 Exchange NEARUSD	+0.0512%	1h	4.3541	+0.181%	$13K	$7K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0574%	1h	4.3382	−0.184%	$1.3M	$6.8M	20x	as long as short
Nado NEAR-PERP	+0.0584%	1h	4.3357	−0.241%	$1.8M	$3.1M	10x	as long as short
Hyperliquid NEARshort	+0.0596%	1h	4.3439	−0.053%	$355.6M	$313.9M	10x
Extended NEAR-USD	+0.0616%	1h	4.3504	+0.095%	$3.8M	$20.0M	25x	as long as short
Arcus NEAR-USD	+0.0627%	1h	4.3540	+0.179%	$214K	$1.6M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0711%	1h	4.3338	−0.286%	$7.6M	$39.3M	50x	as long as short
Lighter RH NEAR	+0.0896%	1h	4.3461	−0.003%	$1.5M	$7.4M	10x	as long as short
Phoenix NEAR	+0.0941%	1h	4.3290	−0.396%	$1.8M	$2.8M	10x	as long as short
Lighter NEAR	+0.1096%	1h	4.3495	+0.075%	$17.5M	$25.0M	15x	as long as short
RISEx NEAR/USDC	+0.1162%	1h	4.3545	+0.190%	$688K	$1.3M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1204%	1h	4.3390	−0.166%	$1.9M	$9.5M	25x	as long as short
Aftermath Perps NEARUSD	+0.1546%	1h	4.3401	−0.140%	$5K	$13K	10x	as long as short