NEAR

Alert

Funding spread now, next payment 17:00 UTC−0.0617%/8h

next payment, per $10,000−$0.77paid, last 24h−0.151%paid, last 7 days−0.313%to open and close $10k−$29

Long on Hyperliquid Short on Polymarket Perps

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.313% in total (about -16.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.77 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	4.0663	0.0717	pay 0.0090% / 1h	57m 25s	$328.5M	$371.0M	10x
Short	Polymarket Perps NEAR-USD	4.0604	0.0100	get 0.0013% / 1h	57m 25s	$168K	$3.6M	10x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee Polymarket PerpsbpOrdersRate

Funding earned: −$129.48
Slippage, 4 orders: −$12.09
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$158.56
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 8 min ago; Polymarket Perps: live order book, 3 min ago.

Price risk

price view

Price gap now: −0.145%
Avg gap 7d: −0.062%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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, 8 min ago	0.25 bp	8.3 bp −$8	12.9 bp −$129	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 3 min ago	2.58 bp	7.3 bp −$7	11.1 bp −$111	doesn't fit	doesn't fit

NEAR on 44 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Reya NEARRUSDPERP	−0.0171%	1h	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0048%	1h	$2.2M	$15.8M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	$93K	$45K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	$362K	$23.4M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	$152K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	$608	$84K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	$105K	$548K	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	$29K	$2K	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	$2.7M	$7.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	$473K	$1.3M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Binance NEARUSDT	+0.0100%	8h	$228.2M	$1.26B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	$199.9M	$493.1M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	$54.8M	$330.6M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	$241K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	$232K	$4K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	$28.7M	$57.0M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	$75.3M	$162.6M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	$54.9M	$49.8M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	$67.5M	$132.6M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	—	$6.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	$7.6M	$22.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	$229K	$1.3M	20x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	$108K	$783K	50x	as long as short
Polymarket Perps NEAR-USDshort	+0.0100%	1h	$168K	$3.6M	10x
Orderly PERP_NEAR_USDC	+0.0100%	8h	$52K	$260K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	$2K	$1.6M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	$5K	$60K	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	$3.4M	$15.5M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	$196K	$77K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	$12.5M	$37.1M	75x	as long as short
Lighter RH NEAR	+0.0240%	1h	$1.3M	$8.1M	10x	as long as short
01 Exchange NEARUSD	+0.0272%	1h	$12K	$9K	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0330% / S −0.0253%	1h	$229K	—	100x	as long as short
Nado NEAR-PERP	+0.0449%	1h	$1.8M	$5.2M	10x	as long as short
Phemex NEARUSDT	+0.0470%	8h	$3.8M	$9.0M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0487%	1h	$1.8M	$1.8M	25x	as long as short
Phoenix NEAR	+0.0553%	1h	$1.7M	$3.3M	10x	as long as short
HTX NEAR-USDT	+0.0579%	8h	$412K	$4.4M	75x	as long as short
RISEx NEAR/USDC	+0.0656%	1h	$343K	$1.3M	10x	as long as short
Hyperliquid NEARlong	+0.0717%	1h	$328.5M	$371.0M	10x
Aftermath Perps NEARUSD	+0.1026%	1h	$5K	$13K	10x	as long as short
Lighter NEAR	+0.1088%	1h	$15.0M	$21.9M	15x	as long as short
Backpack NEAR_USDC_PERP	+0.1103%	1h	$1.7M	$5.1M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.1415%	1h	$8.5M	$35.5M	50x	as long as short