Funding you earn now, next payment 02:00 UTC+0.0819%/8h= +89.7% APRpaid last 24h +0.176%
Price spread now: Hyperliquid against MEXC−0.029%7-day average +0.099% · you buy dearer than you sell
Net, funding: paid 7d − costs+$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$240.245% of the position
Funding, last 7 days+0.399%+$40 on $10k
+Price spread, last 7 days+0.006%+$1 · spread now −0.029%, 7d avg +0.099%
=Together, before fees+0.405%+ Points / potential airdropHyperliquid: Season 2 · farm board+$41 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.128% cheaper against MEXC than usual: you would sell low and buy high (spread −0.029% now, against its 7-day average of +0.099%). If the spread goes back, that is −$13 on $10k: about 13 hours of funding at the current rate (+$25 a day). At the pace of the last 7 days (+0.399% in total) that is about 2.3 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.399% in total (about 20.8% 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 | MEXC NEAR_USDT | 4.4680 | 0.0100 | pay 0.0100% / 8h | 6h 19m | $77.0M | $142.1M | 200x |
| Short | Hyperliquid NEAR | 4.4667 | 0.0919 | get 0.0115% / 1h | 19m 44s | $377.7M | $307.9M | 10x |
MEXC NEAR_USDT
Hyperliquid NEARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against MEXC. 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
- $171.98
- Price spread: −0.029% → +0.099%
- −$12.83
- Slippage, 4 orders
- −$15.48
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $134.67
- Costs to cover
- 0.245%
- Break-even
- 1.5 days
Slippage from MEXC: live order book, 4 min ago; Hyperliquid: 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 MEXC live order book, 4 min ago | 1.13 bp | 6.9 bp −$7 | 13.0 bp −$130 | 33.8 bp −$3,381 | 74.2 bp −$37.1K |
| Sell Hyperliquid live order book, 4 min ago | 1.36 bp | 9.5 bp −$10 | 12.6 bp −$126 | doesn't fit | doesn't fit |
NEAR on 44 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 | 4.4654 | −0.058% | $2K | — | 20x | as long as short |
| Phemex NEARUSDT | −0.0118% | 8h | 4.4520 | −0.358% | $3.9M | $8.2M | 50x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0064% | 1h | 4.4609 | −0.159% | $2.2M | $14.6M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.4596 | −0.189% | $110K | $70K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.4698 | +0.040% | $690K | $19.8M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.4638 | −0.093% | $198K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −7.319% | $578 | $302K | 12x | as long as short |
| Variational Omni NEAR | +0.0080% | 8h | 4.4757 | +0.172% | $8.6M | $18.5M | — | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.4630 | −0.112% | $111K | $489K | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.4621 | −0.131% | $422K | $1.2M | 10x | as long as short |
Reya NEARRUSDPERP
Phemex NEARUSDT
Coinbase International NEAR-PERP-INTX
dYdX NEAR-USD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Variational Omni NEAR
Popdex NEARUSDT
Pacifica NEARShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance NEARUSDT | +0.0100% | 8h | 4.4674 | −0.014% | $270.9M | $1.08B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.4616 | −0.143% | $226.2M | $422.3M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.4580 | −0.224% | $63.8M | $293.4M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.4690 | +0.022% | $213K | $1.7M | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.4050 | −1.410% | $251K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.4634 | −0.103% | $32.4M | $62.2M | 75x | as long as short |
| MEXC NEAR_USDTlong | +0.0100% | 8h | 4.4680 | long leg | $77.0M | $142.1M | 200x | |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.4690 | +0.022% | $54.9M | $43.6M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.4571 | −0.244% | $73.4M | $125.9M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.4650 | −0.067% | — | $6.6M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.4177 | −1.125% | $273K | $1.0M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.4339 | −0.763% | $1.5M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.4180 | −1.119% | $183K | $763K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.4689 | +0.020% | $207K | $3.6M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.4537 | −0.320% | $61K | $190K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.4620 | −0.134% | $1K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.4535 | −0.325% | $5K | $51K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.4620 | −0.134% | $463K | $3.9M | 75x | as long as short |
| Paradex NEAR-USD-PERP | +0.0102% | 8h | 4.4571 | −0.245% | $32K | $608 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.4648 | −0.073% | $3.9M | $18.5M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.4565 | −0.257% | $207K | $34K | 3x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0154% | 1h | 4.4553 | −0.284% | $1.9M | $4.2M | 25x | as long as short |
| Aster NEARUSDT | +0.0192% | 8h | 4.4659 | −0.046% | $3.1M | $5.8M | 50x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0212% | 1h | 4.4551 | −0.288% | $8.1M | $40.8M | 50x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0355% / S −0.0249% | 1h | 4.4634 | −0.103% | $265K | — | 100x | as long as short |
| Nado NEAR-PERP | +0.0360% | 1h | 4.4640 | −0.090% | $1.9M | $3.1M | 10x | as long as short |
| 01 Exchange NEARUSD | +0.0416% | 1h | 4.4711 | +0.069% | $13K | $7K | 10x | as long as short |
| RISEx NEAR/USDC | +0.0509% | 1h | 4.4675 | −0.011% | $568K | $1.3M | 10x | as long as short |
| Phoenix NEAR | +0.0592% | 1h | 4.4597 | −0.186% | $1.8M | $2.6M | 10x | as long as short |
| Lighter RH NEAR | +0.0840% | 1h | 4.4672 | −0.018% | $1.7M | $7.0M | 10x | as long as short |
| Hyperliquid NEARshort | +0.0919% | 1h | 4.4667 | −0.029% | $377.7M | $307.9M | 10x | |
| Backpack NEAR_USDC_PERP | +0.0963% | 1h | 4.4658 | −0.049% | $1.4M | $6.3M | 20x | as long as short |
| Aftermath Perps NEARUSD | +0.1554% | 1h | 4.4349 | −0.742% | $6K | $12K | 10x | as long as short |
| Lighter NEAR | +0.1704% | 1h | 4.4716 | +0.080% | $17.9M | $25.5M | 15x | as long as short |
Binance NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Arcus NEAR-USD
Bulk NEAR-USD
Gate NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDC
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
Paradex NEAR-USD-PERP
Extended NEAR-USD
Aevo NEAR-PERP
Deribit NEAR_USDC-PERPETUAL
Aster NEARUSDT
Kraken Futures PF_NEARUSD
GMX NEAR/USD [ETH-USDC]
Nado NEAR-PERP
01 Exchange NEARUSD
RISEx NEAR/USDC
Phoenix NEAR
Lighter RH NEAR
Backpack NEAR_USDC_PERP
Aftermath Perps NEARUSD
Lighter NEAR