Funding you earn now, next payment 03:00 UTC−0.0712%/8h= −77.9% APRpaid last 24h −0.181%
Price spread now: BingX against Hyperliquid−0.108%7-day average — · you buy dearer than you sell
Net, funding: paid 7d − costs−$88as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$430.426% of the position
Funding, last 7 days−0.456%−$46 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and BingX is 0.108% cheaper against Hyperliquid than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.456% in total (about -23.8% a year). A funding rate is set anew for every payment. 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 | 4.5349 | 0.0812 | pay 0.0101% / 1h | 8m 52s | $379.5M | $321.1M | 10x |
| Short | BingX NEAR-USDC | 4.5300 | 0.0100 | get 0.0100% / 8h | 5h 08m | — | $6.6M | — |
Hyperliquid NEAR
BingX NEAR-USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Hyperliquid. 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
- −$149.47
- Price spread: −0.108% → 0.000%
- −$10.81
- Slippage, 4 orders
- −$23.62
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$202.9
- Costs to cover
- 0.426%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 5 min ago; BingX: live order book, 8 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, 5 min ago | 1.64 bp | 6.9 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 8 min ago | 2.19 bp | 14.6 bp −$15 | 33.6 bp −$336 | 68.7 bp −$6,866 | 547.8 bp −$273.9K |
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 | 4.5315 | −0.074% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0016% | 1h | 4.5250 | −0.218% | $2.2M | $15.6M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.5195 | −0.339% | $111K | $70K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.5193 | −0.344% | $536K | $21.3M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.5307 | −0.093% | $169K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −8.686% | $578 | $302K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.5300 | −0.108% | $114K | $513K | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.5224 | −0.275% | $431K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.5320 | −0.064% | $277.6M | $1.11B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.5268 | −0.179% | $226.9M | $425.2M | 75x | as long as short |
Reya NEARRUSDPERP
Coinbase International NEAR-PERP-INTX
dYdX NEAR-USD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Pacifica NEAR
Binance NEARUSDT
Bybit NEARUSDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.5240 | −0.240% | $65.3M | $307.6M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.5467 | +0.259% | $259K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.5255 | −0.207% | $32.8M | $64.8M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.5260 | −0.196% | $76.9M | $148.0M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.5220 | −0.284% | $55.6M | $45.7M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.5211 | −0.304% | $74.4M | $129.7M | 75x | as long as short |
| BingX NEAR-USDCshort | +0.0100% | 8h | 4.5300 | −0.108% | — | $6.6M | — | |
| Variational Omni NEAR | +0.0100% | 8h | 4.5696 | +0.765% | $8.8M | $18.3M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.5623 | +0.605% | $274K | $975K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.5530 | +0.399% | $1.5M | $1.4M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.5670 | +0.708% | $176K | $796K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.5356 | +0.015% | $223K | $3.8M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.5335 | −0.031% | $58K | $237K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.5390 | +0.090% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.5314 | −0.077% | $8K | $54K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.5340 | −0.020% | $468K | $4.1M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.5300 | −0.108% | $3.8M | $8.3M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0102% | 8h | 4.5210 | −0.306% | $33K | $608 | 10x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.5424 | +0.166% | $211K | $40K | 3x | as long as short |
| Extended NEAR-USD | +0.0160% | 1h | 4.5188 | −0.355% | $4.2M | $19.3M | 25x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.5300 | −0.108% | $14.0M | $34.0M | 75x | as long as short |
| Aster NEARUSDT | +0.0296% | 8h | 4.5294 | −0.121% | $3.1M | $5.5M | 50x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0361% / S −0.0250% | 1h | 4.5315 | −0.075% | $273K | — | 100x | as long as short |
| 01 Exchange NEARUSD | +0.0392% | 1h | 4.5286 | −0.139% | $13K | $7K | 10x | as long as short |
| Arcus NEAR-USD | +0.0410% | 1h | 4.5290 | −0.130% | $219K | $1.7M | 10x | as long as short |
| Nado NEAR-PERP | +0.0416% | 1h | 4.5328 | −0.045% | $2.0M | $3.2M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0566% | 1h | 4.5335 | −0.031% | $1.4M | $6.7M | 20x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0655% | 1h | 4.5369 | +0.044% | $2.0M | $4.5M | 25x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0679% | 1h | 4.5352 | +0.006% | $8.4M | $41.3M | 50x | as long as short |
| Lighter RH NEAR | +0.0712% | 1h | 4.5364 | +0.033% | $1.6M | $7.2M | 10x | as long as short |
| Hyperliquid NEARlong | +0.0812% | 1h | 4.5349 | long leg | $379.5M | $321.1M | 10x | |
| Phoenix NEAR | +0.0855% | 1h | 4.5621 | +0.600% | $1.9M | $2.7M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0924% | 1h | 4.5293 | −0.123% | $574K | $1.4M | 10x | as long as short |
| Lighter NEAR | +0.1136% | 1h | 4.5358 | +0.020% | $18.2M | $26.9M | 15x | as long as short |
| Aftermath Perps NEARUSD | +0.1605% | 1h | 4.5408 | +0.129% | $6K | $12K | 10x | as long as short |
OKX NEAR-USDT-SWAP
Bulk NEAR-USD
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
Variational Omni NEAR
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
SoDEX NEAR-USD
HTX NEAR-USDT
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Aevo NEAR-PERP
Extended NEAR-USD
BloFin NEAR-USDT
Aster NEARUSDT
GMX NEAR/USD [ETH-USDC]
01 Exchange NEARUSD
Arcus NEAR-USD
Nado NEAR-PERP
Backpack NEAR_USDC_PERP
Deribit NEAR_USDC-PERPETUAL
Kraken Futures PF_NEARUSD
Lighter RH NEAR
Phoenix NEAR
RISEx NEAR/USDC
Lighter NEAR
Aftermath Perps NEARUSD