Funding you earn now, next payment 08:00 UTC+0.0201%/8h= +22.0% APRpaid last 24h +0.210%
Price spread now: Hyperliquid against Kalshi+0.079%46s7-day average +0.091% · you sell dearer than you buy
Net, funding: paid 7d − costs+$28as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$330.331% of the position
Funding, last 7 days+0.607%+$61 on $10k
+Price spread, last 7 days−0.113%−$11 · spread now +0.079%, 7d avg +0.091%
=Together, before fees+0.495%+ Points / potential airdropHyperliquid: Season 2 · farm board+$49 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.091%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kalshi KXNEARPERP | 4.3161 | 0.0213 | pay 0.0213% / 8h | 4h 58m | $945K | $25.1M | 2.2x |
| Short | Hyperliquid NEAR | 4.3195 | 0.0414 | get 0.0052% / 1h | 58m 28s | $350.7M | $315.2M | 10x |
Kalshi KXNEARPERP
Hyperliquid NEARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Kalshi. 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
- $42.25
- Price spread: +0.079% → +0.091%
- −$1.23
- Slippage, 4 orders
- −$14.11
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $7.9
- Costs to cover
- 0.331%
- Break-even
- 5.7 days
Slippage from Kalshi: live order book, 5 min ago; Hyperliquid: live order book, 6 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 Kalshi live order book, 5 min ago | 4.86 bp | 14.0 bp −$14 | 19.7 bp −$197 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 6 min ago | 0.12 bp | 4.6 bp −$5 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya NEARRUSDPERP | −0.0171% | 1h | 4.3153 | −0.019% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3105 | −0.130% | $106K | $68K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.3134 | −0.063% | $161K | — | 150x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0017% | 1h | 4.3115 | −0.107% | $7.1M | $38.3M | 50x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −4.057% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3160 | −0.002% | $105K | $492K | 50x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3154 | −0.016% | $218.1M | $431.3M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3150 | −0.025% | $60.6M | $290.3M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3150 | −0.024% | $246K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3106 | −0.127% | $35.1M | $61.5M | 75x | as long as short |
Reya NEARRUSDPERP
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Kraken Futures PF_NEARUSD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Bulk NEAR-USD
Gate NEAR_USDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3130 | −0.072% | $52.2M | $45.9M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3153 | −0.019% | $71.4M | $128.6M | 75x | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.3137 | −0.055% | $8.6M | $18.7M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3156 | −0.011% | $250K | $907K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3153 | −0.018% | $1.4M | $1.5M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3150 | −0.025% | $163K | $804K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3188 | +0.063% | $278K | $4.1M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.3169 | +0.019% | $58K | $235K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3250 | +0.206% | $2K | $1.3M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.3135 | −0.060% | $5K | $53K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.3300 | +0.322% | $458K | $3.8M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3180 | +0.044% | $3.5M | $8.2M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0103% | 8h | 4.3126 | −0.081% | $31K | $585 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.3124 | −0.086% | $3.6M | $17.8M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0136% | 1h | 4.3165 | +0.009% | $201K | $38K | 3x | as long as short |
| BingX NEAR-USDT | +0.0203% | 8h | 4.3140 | −0.049% | — | $144.8M | — | as long as short |
| MEXC NEAR_USDT | +0.0212% | 8h | 4.3140 | −0.049% | $76.0M | $147.7M | 200x | as long as short |
| Kalshi KXNEARPERPlong | +0.0213% | 8h | 4.3161 | long leg | $945K | $25.1M | 2.2x | |
| Binance NEARUSDT | +0.0214% | 8h | 4.3177 | +0.036% | $262.4M | $1.09B | 75x | as long as short |
| Aster NEARUSDT | +0.0245% | 8h | 4.3157 | −0.010% | $2.7M | $4.8M | 50x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0313% / S −0.0201% | 1h | 4.3131 | −0.069% | $231K | — | 100x | as long as short |
| BloFin NEAR-USDT | +0.0333% | 8h | 4.3130 | −0.072% | $13.4M | $31.9M | 75x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0398% | 1h | 4.3118 | −0.100% | $1.3M | $6.9M | 20x | as long as short |
| 01 Exchange NEARUSD | +0.0408% | 1h | 4.3190 | +0.067% | $13K | $7K | 10x | as long as short |
| Hyperliquid NEARshort | +0.0414% | 1h | 4.3195 | +0.079% | $350.7M | $315.2M | 10x | |
| Nado NEAR-PERP | +0.0451% | 1h | 4.3155 | −0.014% | $1.6M | $3.2M | 10x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0488% | 1h | 4.3190 | +0.067% | $2.3M | $16.5M | 50x | as long as short |
| Lighter NEAR | +0.0600% | 1h | 4.3176 | +0.034% | $17.0M | $24.8M | 15x | as long as short |
| Arcus NEAR-USD | +0.0638% | 1h | 4.3180 | +0.044% | $227K | $1.6M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0701% | 1h | 4.3176 | +0.035% | $1.9M | $13.0M | 25x | as long as short |
| Lighter RH NEAR | +0.0760% | 1h | 4.3177 | +0.037% | $1.5M | $6.6M | 10x | as long as short |
| Pacifica NEAR | +0.0949% | 1h | 4.3130 | −0.072% | $406K | $1.5M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0965% | 1h | 4.3175 | +0.032% | $655K | $1.4M | 10x | as long as short |
| Phoenix NEAR | +0.1003% | 1h | 4.3312 | +0.350% | $1.8M | $2.3M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1290% | 1h | 4.3299 | +0.319% | $5K | $12K | 10x | as long as short |
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
Extended NEAR-USD
Aevo NEAR-PERP
BingX NEAR-USDT
MEXC NEAR_USDT
Binance NEARUSDT
Aster NEARUSDT
GMX NEAR/USD [ETH-USDC]
BloFin NEAR-USDT
Backpack NEAR_USDC_PERP
01 Exchange NEARUSD
Nado NEAR-PERP
Coinbase International NEAR-PERP-INTX
Lighter NEAR
Arcus NEAR-USD
Deribit NEAR_USDC-PERPETUAL
Lighter RH NEAR
Pacifica NEAR
RISEx NEAR/USDC
Phoenix NEAR
Aftermath Perps NEARUSD