Funding you earn now, next payment 02:00 UTC+0.0751%/8h= +82.2% APRpaid last 24h +0.184%
Price spread now: Hyperliquid against Bybit+0.072%7-day average +0.123% · you sell dearer than you buy
Net, funding: paid 7d − costs+$10as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$320.316% of the position
Funding, last 7 days+0.420%+$42 on $10k
+Price spread, last 7 days−0.053%−$5 · spread now +0.072%, 7d avg +0.123%
=Together, before fees+0.367%+ Points / potential airdropHyperliquid: Season 2 · farm board+$37 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.051% cheaper against Bybit than usual: you would sell low and buy high (spread +0.072% now, against its 7-day average of +0.123%). If the spread goes back, that is −$5 on $10k: about 5 hours of funding at the current rate (+$23 a day). At the pace of the last 7 days (+0.420% in total) that is about 21 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.420% in total (about 21.9% 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 | Bybit NEARUSDT | 4.3320 | 0.0100 | pay 0.0100% / 8h | 6h 47m | $220.4M | $418.5M | 75x |
| Short | Hyperliquid NEAR | 4.3351 | 0.0851 | get 0.0106% / 1h | 47m 20s | $367.4M | $303.1M | 10x |
Bybit NEARUSDT
Hyperliquid NEARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Bybit. 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
- $157.68
- Price spread: +0.072% → +0.123%
- −$5.14
- Slippage, 4 orders
- −$11.56
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $120.99
- Costs to cover
- 0.316%
- Break-even
- 1.6 days
Slippage from Bybit: live order book, 2 min ago; Hyperliquid: live order book, 7 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 Bybit live order book, 2 min ago | 1.15 bp | 8.6 bp −$9 | 17.8 bp −$178 | 45.2 bp −$4,519 | doesn't fit |
| Sell Hyperliquid live order book, 7 min ago | 0.12 bp | 6.5 bp −$7 | 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 | 4.3258 | −0.142% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0064% | 1h | 4.3281 | −0.090% | $2.2M | $13.4M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3163 | −0.362% | $108K | $69K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.3319 | −0.002% | $487K | $19.1M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.3319 | −0.002% | $201K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −4.409% | $578 | $302K | 12x | as long as short |
| Variational Omni NEAR | +0.0034% | 8h | 4.3248 | −0.166% | $8.1M | $19.0M | — | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3270 | −0.115% | $115K | $477K | 50x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0099% | 8h | 4.3367 | +0.108% | $58K | $161K | 20x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.3294 | −0.061% | $3.0M | $5.8M | 50x | 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
Variational Omni NEAR
Popdex NEARUSDT
Orderly PERP_NEAR_USDC
Aster NEARUSDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica NEAR | +0.0100% | 1h | 4.3229 | −0.209% | $409K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.3333 | +0.029% | $257.9M | $1.06B | 75x | as long as short |
| Bybit NEARUSDTlong | +0.0100% | 8h | 4.3320 | long leg | $220.4M | $418.5M | 75x | |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3310 | −0.023% | $61.0M | $279.6M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.3320 | 0.000% | $205K | $1.7M | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3300 | −0.046% | $247K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3305 | −0.035% | $31.1M | $60.1M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.3300 | −0.046% | $76.5M | $137.2M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3330 | +0.023% | $55.8M | $42.7M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3277 | −0.099% | $71.7M | $123.2M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.3320 | 0.000% | — | $6.6M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3213 | −0.247% | $259K | $1.0M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3229 | −0.210% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3240 | −0.185% | $179K | $777K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3314 | −0.014% | $206K | $3.5M | 10x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3390 | +0.162% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.3315 | −0.012% | $5K | $52K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.3380 | +0.139% | $442K | $3.9M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3310 | −0.023% | $3.8M | $8.3M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.3279 | −0.095% | $31K | $608 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.3277 | −0.100% | $3.8M | $17.3M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.3333 | +0.029% | $202K | $34K | 3x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0218% | 1h | 4.3321 | +0.002% | $7.9M | $39.1M | 50x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.3220 | −0.231% | $13.2M | $27.6M | 75x | as long as short |
| Nado NEAR-PERP | +0.0344% | 1h | 4.3245 | −0.173% | $1.9M | $3.0M | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0358% / S −0.0277% | 1h | 4.3309 | −0.025% | $259K | — | 100x | as long as short |
| 01 Exchange NEARUSD | +0.0368% | 1h | 4.3332 | +0.028% | $13K | $7K | 10x | as long as short |
| RISEx NEAR/USDC | +0.0509% | 1h | 4.3314 | −0.013% | $477K | $1.2M | 10x | as long as short |
| Lighter RH NEAR | +0.0560% | 1h | 4.3336 | +0.037% | $1.6M | $6.9M | 10x | as long as short |
| Phoenix NEAR | +0.0592% | 1h | 4.3227 | −0.215% | $1.8M | $2.6M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0651% | 1h | 4.3343 | +0.053% | $1.9M | $4.1M | 25x | as long as short |
| Hyperliquid NEARshort | +0.0851% | 1h | 4.3351 | +0.072% | $367.4M | $303.1M | 10x | |
| Backpack NEAR_USDC_PERP | +0.0860% | 1h | 4.3370 | +0.115% | $1.3M | $6.0M | 20x | as long as short |
| Lighter NEAR | +0.1416% | 1h | 4.3259 | −0.140% | $17.2M | $24.5M | 15x | as long as short |
| Aftermath Perps NEARUSD | +0.1463% | 1h | 4.3213 | −0.246% | $5K | $12K | 10x | as long as short |
Pacifica NEAR
Binance NEARUSDT
OKX NEAR-USDT-SWAP
Arcus NEAR-USD
Bulk NEAR-USD
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDC
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
SunX NEAR-USDT
SoDEX NEAR-USD
HTX NEAR-USDT
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Extended NEAR-USD
Aevo NEAR-PERP
Kraken Futures PF_NEARUSD
BloFin NEAR-USDT
Nado NEAR-PERP
GMX NEAR/USD [ETH-USDC]
01 Exchange NEARUSD
RISEx NEAR/USDC
Lighter RH NEAR
Phoenix NEAR
Deribit NEAR_USDC-PERPETUAL
Backpack NEAR_USDC_PERP
Lighter NEAR
Aftermath Perps NEARUSD