Funding you earn now, next payment 01:00 UTC+0.0155%/8h= +17.0% APRnext payment +$0.19 per $10,000 · paid last 24h +0.204%
Price spread now: Hyperliquid against dYdX+0.475%7-day average +0.133% · you sell dearer than you buy
Net, funding: paid 7d − costs−$229as in the Funding arb table
Net, price: spread back to 7d avg − costs−$251as in the Price arb table
costs, in and out, $10k−$2852.848% of the position
Funding, last 7 days+0.558%+$56 on $10k
+Price spread, last 4 days (all we have)−0.310%−$31 · spread now +0.475%, 7d avg +0.133%
=Together, before fees+0.248%+ Points / potential airdropHyperliquid: Season 2 · farm board+$25 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Hyperliquid is 0.342% dearer against dYdX than usual: you sell high and buy low: +$34 more if the spread goes back to its 7-day average of +0.133%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX NEAR-USD | 4.2632 | 0 | get 0.0000% / 1h | 29m 59s | $110K | $64K | 10x |
| Short | Hyperliquid NEAR | 4.2835 | 0.0155 | get 0.0019% / 1h | 29m 59s | $358.8M | $304.2M | 10x |
dYdX NEAR-USD
Hyperliquid NEARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against dYdX. 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
- $32.58
- Price spread: +0.475% → +0.133%
- $34.17
- Slippage, 4 orders
- −$265.78
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$218.02
- Costs to cover
- 2.848%
- Break-even
- 53.8 days
Slippage from dYdX: live order book, 44 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 dYdX live order book, 44 min ago | 73.01 bp | 193.3 bp −$193 | 193.4 bp −$1,934 | 193.4 bp −$19.3K | 193.8 bp −$96.9K |
| Sell Hyperliquid live order book, 4 min ago | 0.94 bp | 7.1 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 | 4.2733 | +0.236% | $2K | — | 20x | as long as short |
| Kraken Futures PF_NEARUSD | −0.0132% | 1h | 4.2767 | +0.316% | $7.2M | $37.4M | 50x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0096% | 1h | 4.2652 | +0.046% | $2.2M | $12.9M | 50x | as long as short |
| Bybit NEARUSDT | −0.0067% | 8h | 4.2790 | +0.369% | $216.1M | $415.9M | 75x | as long as short |
| 01 Exchange NEARUSD | −0.0024% | 1h | 4.2709 | +0.180% | $13K | $7K | 10x | as long as short |
| Variational Omni NEAR | −0.0005% | 8h | 4.2608 | −0.056% | $8.0M | $18.7M | — | as long as short |
| dYdX NEAR-USDlong | 0.0000% | 1h | 4.2632 | long leg | $110K | $64K | 10x | |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.2703 | +0.165% | $426K | $18.5M | 2.2x | as long as short |
| Gate NEAR_USDT | +0.0001% | 8h | 4.2789 | +0.367% | $30.7M | $59.4M | 75x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.2761 | +0.302% | $203K | — | 150x | as long as short |
Reya NEARRUSDPERP
Kraken Futures PF_NEARUSD
Coinbase International NEAR-PERP-INTX
Bybit NEARUSDT
01 Exchange NEARUSD
Variational Omni NEAR
Kalshi KXNEARPERP
Gate NEAR_USDT
gTrade (Gains Network) NEAR/USDShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −2.867% | $578 | $302K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.2700 | +0.158% | $112K | $479K | 50x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0098% | 8h | 4.2782 | +0.351% | $57K | $193K | 20x | as long as short |
| Paradex NEAR-USD-PERP | +0.0099% | 8h | 4.2641 | +0.021% | $31K | $647 | 10x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.2810 | +0.416% | $3.0M | $5.7M | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.2651 | +0.044% | $399K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.2800 | +0.393% | $253.4M | $1.06B | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.2770 | +0.323% | $60.1M | $278.4M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.2700 | +0.158% | $196K | $1.7M | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.2709 | +0.181% | $243K | −$0 | 10x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.2790 | +0.369% | $77.5M | $140.1M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.2790 | +0.369% | $56.1M | $42.9M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.2779 | +0.344% | $70.9M | $124.5M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.2790 | +0.369% | — | $6.6M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.2143 | −1.149% | $261K | $1.2M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.2147 | −1.139% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.2320 | −0.733% | $177K | $788K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.2741 | +0.255% | $204K | $3.5M | 10x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.2800 | +0.393% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.2766 | +0.313% | $5K | $52K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.2750 | +0.276% | $458K | $3.6M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.2790 | +0.369% | $3.8M | $8.6M | 50x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.2765 | +0.311% | $3.8M | $17.0M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.2760 | +0.299% | $199K | $28K | 3x | as long as short |
| Hyperliquid NEARshort | +0.0155% | 1h | 4.2835 | +0.475% | $358.8M | $304.2M | 10x | |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.2620 | −0.029% | $12.9M | $28.1M | 75x | as long as short |
| Lighter RH NEAR | +0.0368% | 1h | 4.2826 | +0.454% | $1.6M | $6.9M | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0372% / S −0.0306% | 1h | 4.2760 | +0.300% | $272K | — | 100x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0395% | 1h | 4.2857 | +0.527% | $1.4M | $5.8M | 20x | as long as short |
| RISEx NEAR/USDC | +0.0428% | 1h | 4.2721 | +0.209% | $405K | $1.2M | 10x | as long as short |
| Nado NEAR-PERP | +0.0475% | 1h | 4.2727 | +0.221% | $1.9M | $3.2M | 10x | as long as short |
| Phoenix NEAR | +0.0499% | 1h | 4.2201 | −1.012% | $1.7M | $2.7M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0615% | 1h | 4.2813 | +0.423% | $1.9M | $3.3M | 25x | as long as short |
| Aftermath Perps NEARUSD | +0.1319% | 1h | 4.2572 | −0.143% | $5K | $12K | 10x | as long as short |
| Lighter NEAR | +0.1912% | 1h | 4.2899 | +0.625% | $17.1M | $24.2M | 15x | as long as short |
Injective NEAR/USDC PERP
Popdex NEARUSDT
Orderly PERP_NEAR_USDC
Paradex NEAR-USD-PERP
Aster NEARUSDT
Pacifica NEAR
Binance NEARUSDT
OKX NEAR-USDT-SWAP
Arcus NEAR-USD
Bulk NEAR-USD
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
Extended NEAR-USD
Aevo NEAR-PERP
BloFin NEAR-USDT
Lighter RH NEAR
GMX NEAR/USD [ETH-USDC]
Backpack NEAR_USDC_PERP
RISEx NEAR/USDC
Nado NEAR-PERP
Phoenix NEAR
Deribit NEAR_USDC-PERPETUAL
Aftermath Perps NEARUSD
Lighter NEAR