NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0327%/8h= +35.8% APRnext payment +$0.41 per $10,000 · paid last 24h +0.206%

Price spread now: Hyperliquid against gTrade (Gains Network)+0.077%7-day average +0.129% · 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−$293as in the Price arb table

costs, in and out, $10k−$2882.879% of the position

Long on gTrade (Gains Network)Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.395%+$39 on $10k

Price spread, last 3 days (all we have)−0.016%−$2 · spread now +0.077%, 7d avg +0.129%

Together, before fees+0.379%+ Points / potential airdropHyperliquid: Season 2 · farm board+$38 on $10k · with fees, hour by hour

Funding pays, the price is against you. Hyperliquid is 0.053% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread +0.077% now, against its 7-day average of +0.129%). If the spread goes back, that is −$5 on $10k: about 13 hours of funding at the current rate (+$10 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) NEAR/USD	4.3120	L +0.0004% / S −0.0004%	pay 0.0001% / 1h	49m 19s	$204K	—	150x
Short	Hyperliquid NEAR	4.3153	0.0331	get 0.0041% / 1h	49m 19s	$368.0M	$300.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee HyperliquidbpOrdersPrice spread, now +0.077%Rate

Funding earned: $68.63
Price spread: +0.077% → +0.129%: −$5.26
Slippage, 4 orders: −$268.87
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$224.51
Costs to cover: 2.879%
Break-even: 29.9 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 25 min ago; Hyperliquid: live order book, 5 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 gTrade (Gains Network) virtual book (oracle venue), 25 min ago	130.01 bp	135.0 bp −$135	875.9 bp −$8,759	9405.5 bp −$940.5K	doesn't fit
Sell Hyperliquid live order book, 5 min ago	1.04 bp	7.2 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
Phemex NEARUSDT	−0.0390%	8h	4.3130	+0.023%	$3.9M	$8.6M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.3069	−0.118%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0130%	1h	4.3162	+0.098%	$7.6M	$37.1M	50x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.3016	−0.241%	$2.3M	$13.0M	50x	as long as short
Bybit NEARUSDT	−0.0095%	8h	4.3093	−0.063%	$219.8M	$419.0M	75x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3123	+0.006%	$112K	$64K	10x	as long as short
01 Exchange NEARUSD	0.0000%	1h	4.3140	+0.046%	$13K	$7K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3058	−0.144%	$377K	$18.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USDlong	L +0.0004% / S −0.0004%	1h	4.3120	long leg	$204K	—	150x
Variational Omni NEAR	+0.0014%	8h	4.2988	−0.305%	$7.9M	$18.6M	—	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.966%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3130	+0.023%	$112K	$478K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.3150	+0.070%	$57K	$193K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3034	−0.199%	$31K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.3151	+0.072%	$3.0M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3072	−0.111%	$403K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3130	+0.023%	$256.1M	$1.07B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3110	−0.023%	$61.3M	$282.3M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3140	+0.046%	$198K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2646	−1.099%	$243K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3111	−0.021%	$31.1M	$58.6M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3120	0.000%	$80.0M	$138.7M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3120	0.000%	$56.5M	$43.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3128	+0.019%	$71.5M	$125.1M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3100	−0.046%	—	$141.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3062	−0.136%	$267K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3082	−0.089%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3000	−0.278%	$180K	$791K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3106	−0.032%	$193K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3190	+0.162%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3140	+0.046%	$5K	$53K	10x	as long as short
HTX NEAR-USDT	+0.0102%	8h	4.3200	+0.186%	$460K	$3.6M	75x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3119	−0.003%	$3.9M	$16.6M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3140	+0.046%	$201K	$28K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3080	−0.093%	$13.0M	$29.3M	75x	as long as short
Hyperliquid NEARshort	+0.0331%	1h	4.3153	+0.077%	$368.0M	$300.0M	10x
Lighter RH NEAR	+0.0368%	1h	4.3190	+0.162%	$1.6M	$6.8M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0377% / S −0.0313%	1h	4.3117	−0.006%	$276K	—	100x	as long as short
Nado NEAR-PERP	+0.0416%	1h	4.3080	−0.093%	$1.9M	$3.3M	10x	as long as short
RISEx NEAR/USDC	+0.0428%	1h	4.3147	+0.063%	$410K	$1.2M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0492%	1h	4.3172	+0.121%	$1.9M	$3.0M	25x	as long as short
Phoenix NEAR	+0.0499%	1h	4.3171	+0.118%	$1.8M	$2.7M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0501%	1h	4.3109	−0.026%	$1.4M	$5.6M	20x	as long as short
Aftermath Perps NEARUSD	+0.1236%	1h	4.3045	−0.174%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.2232%	1h	4.3263	+0.332%	$17.3M	$23.9M	15x	as long as short