Funding you earn now, next payment 10:00 UTC−0.0733%/8h= −80.3% APRnext payment −$0.92 per $10,000 · paid last 24h +0.080%
Price spread now: Hyperliquid against Deribit−0.079%7-day average +0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$300.303% of the position
Funding, last 7 days+0.021%+$2 on $10k
+Price spread, last 4 days (all we have)−0.242%−$24 · spread now −0.079%, 7d avg +0.030%
=Together, before fees−0.221%+ Points / potential airdropHyperliquid: Season 2 · farm board−$22 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and Hyperliquid is 0.109% cheaper against Deribit than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.030%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.021% in total (about 1.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.92 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 | Deribit NEAR_USDC-PERPETUAL | 4.5316 | 0.0943 | pay 0.0118% / 1h | 58m 08s | $2.0M | $13.1M | 25x |
| Short | Hyperliquid NEAR | 4.5280 | 0.0210 | get 0.0026% / 1h | 58m 08s | $367.8M | $321.6M | 10x |
Deribit NEAR_USDC-PERPETUAL
Hyperliquid NEARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Deribit. 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
- −$153.95
- Price spread: −0.079% → +0.030%
- −$10.94
- Slippage, 4 orders
- −$14.28
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$195.18
- Costs to cover
- 0.303%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 1 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 Deribit live order book, 1 min ago | 4.52 bp | 8.2 bp −$8 | 14.7 bp −$147 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 6 min ago | 0.11 bp | 4.8 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 | 4.5367 | +0.112% | $2K | — | 20x | as long as short |
| Kraken Futures PF_NEARUSD | −0.0140% | 1h | 4.5265 | −0.113% | $7.4M | $38.6M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.5257 | −0.130% | $110K | $53K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.5437 | +0.267% | $170K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −8.619% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.5340 | +0.053% | $119K | $522K | 50x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.5260 | −0.124% | $2.7M | $4.7M | 50x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.5300 | −0.035% | $275.2M | $1.10B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.5310 | −0.013% | $235.4M | $435.0M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.5290 | −0.057% | $64.4M | $309.7M | 50x | as long as short |
Reya NEARRUSDPERP
Kraken Futures PF_NEARUSD
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Aster NEARUSDT
Binance NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAPShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus NEAR-USD | +0.0100% | 1h | 4.5370 | +0.119% | $234K | $1.4M | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.5050 | −0.587% | $260K | $3K | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.5228 | −0.194% | $38.9M | $61.1M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.5300 | −0.035% | $83.3M | $162.3M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.5290 | −0.057% | $53.8M | $45.7M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.5204 | −0.247% | $74.6M | $128.3M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.5230 | −0.190% | — | $6.7M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.5317 | +0.001% | $9.4M | $17.8M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.5428 | +0.246% | $268K | $901K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.5362 | +0.102% | $1.5M | $1.6M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.5390 | +0.163% | $169K | $826K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.5323 | +0.015% | $282K | $4.0M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.5296 | −0.044% | $59K | $269K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.5350 | +0.075% | $1K | $1.3M | 20x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.5260 | −0.124% | $3.5M | $8.0M | 50x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.5323 | +0.015% | $3.8M | $15.0M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.5305 | −0.024% | $211K | $38K | 3x | as long as short |
| Paradex NEAR-USD-PERP | +0.0109% | 8h | 4.5315 | −0.001% | $33K | $413 | 10x | as long as short |
| Kalshi KXNEARPERP | +0.0125% | 8h | 4.5293 | −0.051% | $858K | $25.5M | 2.2x | as long as short |
| Hyperliquid NEARshort | +0.0210% | 1h | 4.5280 | −0.079% | $367.8M | $321.6M | 10x | |
| HTX NEAR-USDT | +0.0218% | 8h | 4.5350 | +0.075% | $479K | $3.8M | 75x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.5280 | −0.079% | $12.7M | $33.4M | 75x | as long as short |
| SoDEX NEAR-USD | +0.0253% | 1h | 4.5275 | −0.090% | $5K | $44K | 10x | as long as short |
| 01 Exchange NEARUSD | +0.0344% | 1h | 4.5356 | +0.088% | $13K | $5K | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0347% / S −0.0242% | 1h | 4.5333 | +0.037% | $265K | — | 100x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0520% | 1h | 4.5365 | +0.108% | $2.3M | $18.0M | 50x | as long as short |
| RISEx NEAR/USDC | +0.0569% | 1h | 4.5355 | +0.086% | $649K | $1.6M | 10x | as long as short |
| Lighter NEAR | +0.0592% | 1h | 4.5325 | +0.020% | $17.8M | $23.3M | 15x | as long as short |
| Lighter RH NEAR | +0.0688% | 1h | 4.5327 | +0.024% | $1.6M | $6.0M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0713% | 1h | 4.5303 | −0.029% | $1.1M | $7.2M | 20x | as long as short |
| Phoenix NEAR | +0.0740% | 1h | 4.5602 | +0.631% | $1.7M | $2.2M | 10x | as long as short |
| Nado NEAR-PERP | +0.0811% | 1h | 4.5320 | +0.009% | $1.7M | $3.2M | 10x | as long as short |
| Pacifica NEAR | +0.0883% | 1h | 4.5283 | −0.073% | $427K | $1.4M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUALlong | +0.0943% | 1h | 4.5316 | long leg | $2.0M | $13.1M | 25x | |
| Aftermath Perps NEARUSD | +0.1259% | 1h | 4.5350 | +0.074% | $6K | $7K | 10x | as long as short |
Arcus NEAR-USD
Bulk NEAR-USD
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDC
Variational Omni NEAR
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
Phemex NEARUSDT
Extended NEAR-USD
Aevo NEAR-PERP
Paradex NEAR-USD-PERP
Kalshi KXNEARPERP
HTX NEAR-USDT
BloFin NEAR-USDT
SoDEX NEAR-USD
01 Exchange NEARUSD
GMX NEAR/USD [ETH-USDC]
Coinbase International NEAR-PERP-INTX
RISEx NEAR/USDC
Lighter NEAR
Lighter RH NEAR
Backpack NEAR_USDC_PERP
Phoenix NEAR
Nado NEAR-PERP
Pacifica NEAR
Aftermath Perps NEARUSD