Funding you earn now, next payment 09:00 UTC−0.0200%/8h= −21.9% APRnext payment −$0.25 per $10,000 · paid last 24h −0.194%
Price spread now: Injective against Hyperliquid−5.201%7-day average +0.381% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.396%−$40 on $10k
+Price spread, last 4 days (all we have)+6.968%+$697 · spread now −5.201%, 7d avg +0.381%
=Together, before fees+6.572%+ Points / potential airdropHyperliquid: Season 2 · farm board+$657 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Injective is 5.582% cheaper against Hyperliquid than usual: you would sell low and buy high (−$558 if the spread goes back to its 7-day average of +0.381%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid NEAR | 4.3682 | 0.0233 | pay 0.0029% / 1h | 33m 12s | $353.0M | $316.3M | 10x |
| Short | Injective NEAR/USDC PERP | 4.1410 | 0.0033 | get 0.0004% / 1h | 33m 12s | $578 | $301K | 12x |
Hyperliquid NEAR
Injective NEAR/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$41.94
- Price spread: −5.201% → +0.381%
- −$558.18
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$609.14
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 11 min ago; Injective: no order-book sample. Net counts fees only.
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, 11 min ago | 0.11 bp | 7.4 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_NEARUSD | −0.0434% | 1h | 4.3500 | −0.417% | $7.2M | $38.7M | 50x | as long as short |
| Reya NEARRUSDPERP | −0.0171% | 1h | 4.3603 | −0.180% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3558 | −0.285% | $106K | $65K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.3601 | −0.185% | $163K | — | 150x | as long as short |
| Injective NEAR/USDC PERPshort | +0.0033% | 1h | 4.1410 | −5.201% | $578 | $301K | 12x | |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3540 | −0.325% | $119K | $503K | 50x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.3549 | −0.303% | $2.7M | $4.8M | 50x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3620 | −0.142% | $219.7M | $427.3M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3620 | −0.142% | $61.3M | $294.5M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.3540 | −0.325% | $221K | $1.5M | 10x | as long as short |
Kraken Futures PF_NEARUSD
Reya NEARRUSDPERP
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Popdex NEARUSDT
Aster NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Arcus NEAR-USDShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate NEAR_USDT | +0.0100% | 8h | 4.3614 | −0.156% | $36.5M | $62.2M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.3630 | −0.119% | $90.4M | $157.6M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3540 | −0.325% | $52.3M | $45.4M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3615 | −0.153% | $72.0M | $127.6M | 75x | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.3708 | +0.059% | $9.0M | $18.1M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3689 | +0.017% | $253K | $895K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3640 | −0.095% | $1.4M | $1.6M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3730 | +0.110% | $165K | $826K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3535 | −0.337% | $272K | $4.1M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.3544 | −0.316% | $56K | $239K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3600 | −0.188% | $1K | $1.3M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.3510 | −0.394% | $5K | $50K | 10x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3610 | −0.165% | $3.5M | $8.1M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3708 | +0.060% | $252K | $3K | 10x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.3570 | −0.257% | $31K | $585 | 10x | as long as short |
| Binance NEARUSDT | +0.0101% | 8h | 4.3587 | −0.218% | $262.8M | $1.08B | 75x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.3495 | −0.429% | $3.6M | $15.6M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.3524 | −0.361% | $202K | $40K | 3x | as long as short |
| BingX NEAR-USDT | +0.0112% | 8h | 4.3620 | −0.142% | — | $83.2M | — | as long as short |
| Kalshi KXNEARPERP | +0.0144% | 8h | 4.3557 | −0.286% | $862K | $25.4M | 2.2x | as long as short |
| BloFin NEAR-USDT | +0.0221% | 8h | 4.3610 | −0.165% | $12.6M | $32.3M | 75x | as long as short |
| Hyperliquid NEARlong | +0.0233% | 1h | 4.3682 | long leg | $353.0M | $316.3M | 10x | |
| Nado NEAR-PERP | +0.0280% | 1h | 4.3518 | −0.376% | $1.6M | $3.1M | 10x | as long as short |
| 01 Exchange NEARUSD | +0.0320% | 1h | 4.3544 | −0.316% | $13K | $7K | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0352% / S −0.0256% | 1h | 4.3520 | −0.372% | $256K | — | 100x | as long as short |
| HTX NEAR-USDT | +0.0387% | 8h | 4.3660 | −0.050% | $461K | $3.7M | 75x | as long as short |
| Lighter NEAR | +0.0448% | 1h | 4.3618 | −0.146% | $17.2M | $23.9M | 15x | as long as short |
| Lighter RH NEAR | +0.0464% | 1h | 4.3620 | −0.142% | $1.5M | $6.4M | 10x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0488% | 1h | 4.3631 | −0.117% | $2.3M | $17.1M | 50x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0512% | 1h | 4.3660 | −0.050% | $1.1M | $7.1M | 20x | as long as short |
| RISEx NEAR/USDC | +0.0656% | 1h | 4.3523 | −0.364% | $590K | $1.5M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0692% | 1h | 4.3562 | −0.275% | $1.9M | $13.1M | 25x | as long as short |
| Pacifica NEAR | +0.0701% | 1h | 4.3589 | −0.212% | $411K | $1.4M | 10x | as long as short |
| Phoenix NEAR | +0.0740% | 1h | 4.3734 | +0.119% | $1.8M | $2.4M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1072% | 1h | 4.3715 | +0.075% | $5K | $7K | 10x | as long as short |
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
Phemex NEARUSDT
Bulk NEAR-USD
Paradex NEAR-USD-PERP
Binance NEARUSDT
Extended NEAR-USD
Aevo NEAR-PERP
BingX NEAR-USDT
Kalshi KXNEARPERP
BloFin NEAR-USDT
Nado NEAR-PERP
01 Exchange NEARUSD
GMX NEAR/USD [ETH-USDC]
HTX NEAR-USDT
Lighter NEAR
Lighter RH NEAR
Coinbase International NEAR-PERP-INTX
Backpack NEAR_USDC_PERP
RISEx NEAR/USDC
Deribit NEAR_USDC-PERPETUAL
Pacifica NEAR
Phoenix NEAR
Aftermath Perps NEARUSD