Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0042%/8h= +4.6% APRpaid last 24h +0.048%

Price spread now: Hyperliquid against HTX−0.163%7-day average −0.119% · you buy dearer than you sell

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$550.553% of the position

Long on HTX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.217%−$22 on $10k

Price spread, last 3 days (all we have)+0.006%+$1 · spread now −0.163%, 7d avg −0.119%

Together, before fees−0.210%+ Points / potential airdropHyperliquid: Season 2 · farm board−$21 on $10k · with fees, hour by hour

Funding pays, the price is against you. Hyperliquid is 0.043% cheaper against HTX than usual: you would sell low and buy high (spread −0.163% now, against its 7-day average of −0.119%). If the spread goes back, that is −$4 on $10k: about 3.5 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.217%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX NEAR-USDT	4.2450	0.0100	pay 0.0100% / 8h	7h 33m	$455K	$3.6M	75x
Short	Hyperliquid NEAR	4.2381	0.0142	get 0.0018% / 1h	33m 11s	$355.3M	$303.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against HTX. 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 HTXbpFee HyperliquidbpOrdersPrice spread, now −0.163%Rate

Funding earned: $8.75
Price spread: −0.163% → −0.119%: −$4.33
Slippage, 4 orders: −$34.26
Fee HTX: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$50.84
Costs to cover: 0.553%
Break-even: 47.7 days

Slippage from HTX: live order book, 1 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 HTX live order book, 1 min ago	11.78 bp	19.7 bp −$20	57.1 bp −$571	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 11 min ago	1.17 bp	6.9 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
Bybit NEARUSDT	−0.0180%	8h	4.2390	−0.141%	$214.7M	$415.6M	75x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.2320	−0.306%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0133%	1h	4.2318	−0.311%	$7.2M	$37.4M	50x	as long as short
Gate NEAR_USDT	−0.0118%	8h	4.2316	−0.316%	$30.4M	$59.2M	75x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.2307	−0.337%	$2.2M	$12.9M	50x	as long as short
01 Exchange NEARUSD	−0.0032%	1h	4.2319	−0.309%	$12K	$7K	10x	as long as short
Variational Omni NEAR	−0.0004%	8h	4.2298	−0.357%	$7.9M	$18.8M	—	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2302	−0.348%	$110K	$64K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2267	−0.431%	$419K	$18.6M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2322	−0.302%	$201K	—	150x	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	−2.450%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2340	−0.259%	$110K	$481K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0098%	8h	4.2334	−0.273%	$56K	$193K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0099%	8h	4.2320	−0.306%	$31K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2339	−0.262%	$2.9M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.2317	−0.313%	$396K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2377	−0.172%	$251.1M	$1.07B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2410	−0.094%	$59.6M	$276.2M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2350	−0.236%	$194K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2709	+0.611%	$243K	−$0	10x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2410	−0.094%	$76.8M	$139.9M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2350	−0.236%	$55.6M	$43.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2395	−0.130%	$70.3M	$124.7M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.2320	−0.306%	—	$141.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2143	−0.724%	$261K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2147	−0.714%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2520	+0.165%	$178K	$788K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2338	−0.264%	$199K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2380	−0.165%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2325	−0.294%	$5K	$52K	10x	as long as short
HTX NEAR-USDTlong	+0.0100%	8h	4.2450	long leg	$455K	$3.6M	75x
Phemex NEARUSDT	+0.0100%	8h	4.2360	−0.212%	$3.8M	$8.6M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2301	−0.350%	$3.8M	$16.9M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2329	−0.285%	$197K	$28K	3x	as long as short
Hyperliquid NEARshort	+0.0142%	1h	4.2381	−0.163%	$355.3M	$303.8M	10x
BloFin NEAR-USDT	+0.0220%	8h	4.2320	−0.306%	$13.0M	$28.0M	75x	as long as short
Lighter RH NEAR	+0.0344%	1h	4.2380	−0.165%	$1.6M	$6.9M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0371% / S −0.0308%	1h	4.2310	−0.330%	$270K	—	100x	as long as short
Backpack NEAR_USDC_PERP	+0.0378%	1h	4.2298	−0.358%	$1.4M	$5.7M	20x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0411%	1h	4.2359	−0.214%	$1.9M	$3.3M	25x	as long as short
RISEx NEAR/USDC	+0.0428%	1h	4.2350	−0.236%	$400K	$1.2M	10x	as long as short
Nado NEAR-PERP	+0.0498%	1h	4.2300	−0.353%	$1.8M	$3.2M	10x	as long as short
Phoenix NEAR	+0.0499%	1h	4.2201	−0.587%	$1.7M	$2.7M	10x	as long as short
Aftermath Perps NEARUSD	+0.1342%	1h	4.2473	+0.054%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1928%	1h	4.2437	−0.031%	$16.9M	$24.1M	15x	as long as short