Settings8H · net · $10k
Funding arb · Price arb /

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0797%/8h= +87.3% APRpaid last 24h +0.046%
Price spread now: Hyperliquid against HTX+0.038%7-day average −0.120% · you sell dearer than you buy
Net, funding: paid 7d − costs−$100as in the Funding arb table
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$790.792% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.212%−$21 on $10k
Price spread, last 3 days (all we have)−0.125%−$13 · spread now +0.038%, 7d avg −0.120%
Together, before fees−0.337%+ Points / potential airdropHyperliquid: Season 2 · farm board−$34 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 0.158% dearer against HTX than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of −0.120%. Mind the row above: over the last 7 days funding on this pair cost −0.212%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.212% in total (about -11.0% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX NEAR-USDT4.45200.0100pay 0.0100% / 8h6h 21m$456K$3.9M75x
ShortHyperliquid NEAR4.45370.0897get 0.0112% / 1h21m 53s$376.4M$307.2M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against HTX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$167.37
Price spread: +0.038% → −0.120%
$15.8
Slippage, 4 orders
−$58.2
Fee HTX: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$103.97
Costs to cover
0.792%
Break-even
2.7 days
Slippage from HTX: live order book, 2 min ago; Hyperliquid: live order book, 12 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy HTX live order book, 2 min ago14.74 bp27.4 bp −$2770.8 bp −$708doesn't fitdoesn't fit
Sell Hyperliquid live order book, 12 min ago0.11 bp5.2 bp −$5doesn't fitdoesn't fitdoesn't fit

NEAR on 44 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya NEARRUSDPERP−0.0171%1h4.4458−0.139%$2K20xas long as short
Phemex NEARUSDT−0.0170%8h4.4450−0.157%$3.9M$8.2M50xas long as short
Coinbase International NEAR-PERP-INTX−0.0064%1h4.4448−0.162%$2.2M$14.5M50xas long as short
dYdX NEAR-USD0.0000%1h4.4612+0.207%$110K$70K10xas long as short
Kalshi KXNEARPERP0.0000%8h4.4561+0.092%$703K$19.7M2.2xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0004%1h4.4459−0.137%$197K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−6.986%$578$302K12xas long as short
Variational Omni NEAR+0.0072%8h4.3998−1.173%$8.6M$18.6Mas long as short
Popdex NEARUSDT+0.0096%1h4.4460−0.135%$110K$486K50xas long as short
Pacifica NEAR+0.0100%1h4.4642+0.275%$422K$1.2M10xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance NEARUSDT+0.0100%8h4.4510−0.022%$269.9M$1.07B75xas long as short
Bybit NEARUSDT+0.0100%8h4.4510−0.022%$225.4M$421.9M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.4540+0.045%$63.4M$292.4M50xas long as short
Arcus NEAR-USD+0.0100%1h4.4560+0.090%$212K$1.7M10xas long as short
Bulk NEAR-USD+0.0100%1h4.4050−1.056%$251K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.4470−0.112%$32.2M$62.0M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.4480−0.090%$75.6M$141.3M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.4480−0.090%$54.9M$43.0M75xas long as short
Bitget NEARUSDT+0.0100%8h4.4450−0.157%$73.3M$125.7M75xas long as short
BingX NEAR-USDT+0.0100%8h4.4490−0.067%$143.1Mas long as short
edgeX NEARUSDC+0.0100%4h4.4063−1.026%$272K$1.0M20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.4170−0.786%$1.5M$1.3M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.4180−0.764%$184K$762K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.4501−0.043%$218K$3.5M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.4470−0.112%$61K$190K20xas long as short
SunX NEAR-USDT+0.0100%8h4.4560+0.090%$2K$1.4M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.4465−0.124%$5K$51K10xas long as short
HTX NEAR-USDTlong+0.0100%8h4.4520long leg$456K$3.9M75x
Paradex NEAR-USD-PERP+0.0102%8h4.4562+0.095%$32K$60810xas long as short
Extended NEAR-USD+0.0104%1h4.4423−0.217%$3.9M$18.4M25xas long as short
Aevo NEAR-PERP+0.0104%1h4.4683+0.365%$208K$34K3xas long as short
Aster NEARUSDT+0.0168%8h4.4500−0.045%$3.1M$5.8M50xas long as short
Kraken Futures PF_NEARUSD+0.0213%1h4.4473−0.106%$8.1M$40.8M50xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0335%1h4.4500−0.045%$1.9M$4.2M25xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0360% / S −0.0258%1h4.4451−0.155%$269K100xas long as short
Nado NEAR-PERP+0.0369%1h4.4485−0.079%$1.9M$3.1M10xas long as short
01 Exchange NEARUSD+0.0408%1h4.4533+0.029%$13K$7K10xas long as short
RISEx NEAR/USDC+0.0509%1h4.4520+0.001%$561K$1.3M10xas long as short
Phoenix NEAR+0.0592%1h4.4147−0.838%$1.8M$2.6M10xas long as short
Lighter RH NEAR+0.0832%1h4.4486−0.076%$1.7M$7.0M10xas long as short
Hyperliquid NEARshort+0.0897%1h4.4537+0.038%$376.4M$307.2M10x
Backpack NEAR_USDC_PERP+0.0954%1h4.4513−0.016%$1.4M$6.1M20xas long as short
Aftermath Perps NEARUSD+0.1528%1h4.4160−0.808%$6K$12K10xas long as short
Lighter NEAR+0.1672%1h4.4544+0.055%$17.8M$25.4M15xas long as short