Funding you earn now, next payment 03:00 UTC+0.0810%/8h= +88.7% APRnext payment +$1.01 per $10,000 · paid last 24h +0.044%
Price spread now: Hyperliquid against Arcus+0.158%7-day average +0.069% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$260.263% of the position
Funding, last 4 days (all we have)−0.001%$0 on $10k
+Price spread, last 7 days−0.157%−$16 · spread now +0.158%, 7d avg +0.069%
=Together, before fees−0.159%+ Points / potential airdropHyperliquid: Season 2 · farm board−$16 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$24 a day on $10k at the current rate, and Hyperliquid is 0.089% dearer against Arcus than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.069%.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.001% in total (about -0.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.01 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 | Arcus NEAR-USD | 4.3670 | 0.0100 | pay 0.0013% / 1h | 59m 40s | $208K | $1.7M | 10x |
| Short | Hyperliquid NEAR | 4.3739 | 0.0910 | get 0.0114% / 1h | 59m 40s | $368.2M | $306.2M | 10x |
Arcus NEAR-USD
Hyperliquid NEARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Arcus. 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
- $170.18
- Price spread: +0.158% → +0.069%
- $8.85
- Slippage, 4 orders
- −$12.8
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $152.73
- Costs to cover
- 0.263%
- Break-even
- 0.7 days
Slippage from Arcus: 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 Arcus live order book, 4 min ago | 3.43 bp | 5.7 bp −$6 | 11.3 bp −$113 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 4 min ago | 0.23 bp | 7.4 bp −$7 | doesn't fit | 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 | 4.3411 | −0.593% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0064% | 1h | 4.3386 | −0.650% | $2.2M | $14.2M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3708 | +0.087% | $108K | $70K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.3505 | −0.378% | $551K | $19.4M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.3444 | −0.519% | $196K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −5.175% | $578 | $302K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3550 | −0.275% | $114K | $486K | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.3701 | +0.072% | $413K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.3700 | +0.069% | $265.1M | $1.08B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3680 | +0.023% | $219.8M | $417.1M | 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 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3600 | −0.160% | $62.1M | $288.6M | 50x | as long as short |
| Arcus NEAR-USDlong | +0.0100% | 1h | 4.3670 | long leg | $208K | $1.7M | 10x | |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3555 | −0.263% | $248K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3647 | −0.053% | $31.5M | $61.4M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.3670 | 0.000% | $75.8M | $139.2M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3720 | +0.114% | $54.0M | $43.8M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3644 | −0.060% | $71.6M | $125.9M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.3650 | −0.046% | — | $143.8M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.3517 | −0.349% | $8.4M | $18.3M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3594 | −0.174% | $269K | $1.0M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3541 | −0.297% | $1.4M | $1.4M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3590 | −0.183% | $196K | $775K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3545 | −0.286% | $204K | $3.6M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.3455 | −0.492% | $60K | $190K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3510 | −0.366% | $1K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.3440 | −0.527% | $5K | $51K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.3520 | −0.343% | $454K | $3.9M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3410 | −0.595% | $3.8M | $8.2M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.3612 | −0.133% | $31K | $608 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.3610 | −0.138% | $3.8M | $18.6M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.3454 | −0.495% | $202K | $34K | 3x | as long as short |
| Aster NEARUSDT | +0.0177% | 8h | 4.3672 | +0.005% | $3.0M | $5.5M | 50x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0218% | 1h | 4.3440 | −0.527% | $8.1M | $41.1M | 50x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0256% | 1h | 4.3464 | −0.472% | $1.9M | $4.3M | 25x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0347% / S −0.0243% | 1h | 4.3443 | −0.521% | $254K | — | 100x | as long as short |
| 01 Exchange NEARUSD | +0.0408% | 1h | 4.3662 | −0.018% | $13K | $7K | 10x | as long as short |
| Nado NEAR-PERP | +0.0423% | 1h | 4.3505 | −0.378% | $1.9M | $3.1M | 10x | as long as short |
| Phoenix NEAR | +0.0592% | 1h | 4.3584 | −0.197% | $1.8M | $2.6M | 10x | as long as short |
| Lighter RH NEAR | +0.0768% | 1h | 4.3749 | +0.181% | $1.6M | $7.1M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0798% | 1h | 4.3487 | −0.419% | $1.5M | $6.3M | 20x | as long as short |
| Hyperliquid NEARshort | +0.0910% | 1h | 4.3739 | +0.158% | $368.2M | $306.2M | 10x | |
| RISEx NEAR/USDC | +0.0924% | 1h | 4.3671 | +0.003% | $551K | $1.3M | 10x | as long as short |
| Lighter NEAR | +0.1704% | 1h | 4.3773 | +0.236% | $17.5M | $25.5M | 15x | as long as short |
| Aftermath Perps NEARUSD | +0.1708% | 1h | 4.3618 | −0.119% | $5K | $12K | 10x | as long as short |
OKX NEAR-USDT-SWAP
Bulk NEAR-USD
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDT
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
Aster NEARUSDT
Kraken Futures PF_NEARUSD
Deribit NEAR_USDC-PERPETUAL
GMX NEAR/USD [ETH-USDC]
01 Exchange NEARUSD
Nado NEAR-PERP
Phoenix NEAR
Lighter RH NEAR
Backpack NEAR_USDC_PERP
RISEx NEAR/USDC
Lighter NEAR
Aftermath Perps NEARUSD