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: Arcus against Hyperliquid−0.221%7-day average −0.069% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

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

Long on Hyperliquid Short on Arcus

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+0.187%+ Points / potential airdropHyperliquid: Season 2 · farm board+$19 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and Arcus is 0.152% cheaper against Hyperliquid than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.069%). Swap the legs.

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	Hyperliquid NEAR	4.3005	0.0727	pay 0.0091% / 1h	20m 32s	$369.5M	$298.7M	10x
Short	Arcus NEAR-USD	4.2910	0.0100	get 0.0013% / 1h	20m 32s	$197K	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Hyperliquid. 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 HyperliquidbpFee ArcusbpOrdersPrice spread, now −0.221%Rate

Funding earned: −$131.68
Price spread: −0.221% → −0.069%: −$15.23
Slippage, 4 orders: −$14.56
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$174.97
Costs to cover: 0.281%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 4 min ago; Arcus: live order book, 4 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 Hyperliquid live order book, 4 min ago	2.11 bp	8.1 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell Arcus live order book, 4 min ago	3.52 bp	5.8 bp −$6	11.6 bp −$116	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	−0.286%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0072%	1h	4.2861	−0.335%	$2.3M	$13.1M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2924	−0.189%	$111K	$62K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2838	−0.388%	$335K	$18.8M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2873	−0.308%	$202K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.709%	$578	$302K	12x	as long as short
Variational Omni NEAR	+0.0056%	8h	4.2869	−0.316%	$7.9M	$18.5M	—	as long as short
Bybit NEARUSDT	+0.0057%	8h	4.2884	−0.281%	$218.8M	$422.4M	75x	as long as short
01 Exchange NEARUSD	+0.0080%	1h	4.2926	−0.184%	$13K	$7K	10x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2890	−0.267%	$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	−0.323%	$57K	$194K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2896	−0.253%	$31K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2972	−0.077%	$3.0M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.2928	−0.179%	$402K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2904	−0.234%	$253.7M	$1.08B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2890	−0.267%	$61.1M	$287.0M	50x	as long as short
Arcus NEAR-USDshort	+0.0100%	1h	4.2910	−0.221%	$197K	$1.8M	10x
Bulk NEAR-USD	+0.0100%	1h	4.2551	−1.056%	$242K	$2K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2922	−0.193%	$30.8M	$60.0M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2920	−0.198%	$78.6M	$142.0M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2970	−0.081%	$55.8M	$43.4M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2929	−0.177%	$71.2M	$126.1M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.2910	−0.221%	—	$140.1M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2658	−0.807%	$243K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2722	−0.658%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2690	−0.732%	$178K	$791K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2933	−0.167%	$192K	$3.4M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2940	−0.151%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2850	−0.360%	$4K	$54K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2870	−0.314%	$3.8M	$8.6M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2918	−0.203%	$3.9M	$16.1M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2850	−0.360%	$202K	$66K	3x	as long as short
Kraken Futures PF_NEARUSD	+0.0118%	1h	4.2899	−0.246%	$7.7M	$37.6M	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2880	−0.291%	$13.0M	$29.4M	75x	as long as short
Lighter RH NEAR	+0.0328%	1h	4.3003	−0.005%	$1.5M	$7.0M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0356%	1h	4.2903	−0.237%	$1.9M	$2.5M	25x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0376% / S −0.0314%	1h	4.2889	−0.270%	$275K	—	100x	as long as short
RISEx NEAR/USDC	+0.0404%	1h	4.2911	−0.218%	$418K	$1.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0457%	1h	4.2941	−0.149%	$1.4M	$5.6M	20x	as long as short
Phoenix NEAR	+0.0463%	1h	4.2601	−0.939%	$1.8M	$2.7M	10x	as long as short
Nado NEAR-PERP	+0.0684%	1h	4.2869	−0.316%	$1.9M	$3.4M	10x	as long as short
Hyperliquid NEARlong	+0.0727%	1h	4.3005	long leg	$369.5M	$298.7M	10x
HTX NEAR-USDT	+0.0801%	8h	4.2930	−0.174%	$462K	$3.7M	75x	as long as short
Aftermath Perps NEARUSD	+0.1149%	1h	4.2713	−0.680%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1688%	1h	4.3047	+0.099%	$16.5M	$23.9M	15x	as long as short