NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0711%/8h= −77.8% APRnext payment −$0.89 per $10,000 · paid last 24h −0.180%

Price spread now: Aevo against Hyperliquid+0.009%7-day average −0.120% · you sell dearer than you buy

Net, funding: paid 7d − costs−$139as in the Funding arb table

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$1021.019% of the position

Long on Hyperliquid Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days−0.371%−$37 on $10k

Price spread, last 4 days (all we have)+0.297%+$30 · spread now +0.009%, 7d avg −0.120%

Together, before fees−0.074%+ Points / potential airdropHyperliquid: Season 2 · farm board−$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aevo is 0.128% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.009% now, against its 7-day average of −0.120%): +$13 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 14 hours. At the pace of the last 7 days (−0.371% in total) that is about 2.4 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.371% in total (about -19.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.89 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	Hyperliquid NEAR	4.5531	0.0815	pay 0.0102% / 1h	12m 14s	$381.9M	$321.1M	10x
Short	Aevo NEAR-PERP	4.5535	0.0104	get 0.0013% / 1h	12m 14s	$212K	$40K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Hyperliquid. 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

Position, each leg$Hold fordaysFee HyperliquidbpFee AevobpOrdersPrice spread, now +0.009%Rate

Funding earned: −$149.26
Price spread: +0.009% → −0.120%: $12.85
Slippage, 4 orders: −$76.88
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$238.29
Costs to cover: 1.019%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 12 min ago; Aevo: live order book, 52 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 Hyperliquid live order book, 12 min ago	0.89 bp	7.3 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell Aevo live order book, 52 min ago	10.31 bp	44.4 bp −$44	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	4.5524	−0.016%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.5542	+0.024%	$2.2M	$15.6M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.5642	+0.245%	$113K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.5662	+0.288%	$489K	$21.2M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.5473	−0.127%	$170K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−9.051%	$578	$302K	12x	as long as short
Phemex NEARUSDT	+0.0085%	8h	4.5470	−0.134%	$3.9M	$8.3M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.5580	+0.108%	$114K	$512K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.5659	+0.281%	$435K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.5500	−0.068%	$278.7M	$1.11B	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit NEARUSDT	+0.0100%	8h	4.5458	−0.160%	$227.7M	$424.8M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.5440	−0.200%	$65.6M	$308.6M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.5467	−0.142%	$259K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.5479	−0.114%	$33.0M	$64.6M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.5490	−0.090%	$78.1M	$147.6M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.5490	−0.090%	$55.9M	$45.6M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.5454	−0.169%	$74.8M	$129.5M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.5460	−0.156%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.5466	−0.142%	$8.8M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.5651	+0.263%	$274K	$989K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.5626	+0.208%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.5600	+0.152%	$175K	$797K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.5570	+0.086%	$214K	$3.8M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.5521	−0.022%	$58K	$237K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.5620	+0.195%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.5500	−0.068%	$9K	$54K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.5720	+0.415%	$473K	$4.1M	75x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.5605	+0.162%	$33K	$608	10x	as long as short
Aevo NEAR-PERPshort	+0.0104%	1h	4.5535	+0.009%	$212K	$40K	3x
Extended NEAR-USD	+0.0120%	1h	4.5487	−0.097%	$4.3M	$19.2M	25x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.5670	+0.305%	$13.8M	$34.1M	75x	as long as short
Aster NEARUSDT	+0.0306%	8h	4.5551	+0.045%	$3.1M	$5.5M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0362% / S −0.0249%	1h	4.5512	−0.041%	$275K	—	100x	as long as short
Nado NEAR-PERP	+0.0386%	1h	4.5562	+0.069%	$2.0M	$3.2M	10x	as long as short
01 Exchange NEARUSD	+0.0392%	1h	4.5612	+0.178%	$13K	$7K	10x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.5680	+0.327%	$221K	$1.7M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0585%	1h	4.5531	0.000%	$2.0M	$4.5M	25x	as long as short
Backpack NEAR_USDC_PERP	+0.0588%	1h	4.5496	−0.077%	$1.4M	$6.7M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0677%	1h	4.5533	+0.003%	$8.4M	$41.3M	50x	as long as short
Lighter RH NEAR	+0.0720%	1h	4.5557	+0.057%	$1.6M	$7.1M	10x	as long as short
Hyperliquid NEARlong	+0.0815%	1h	4.5531	long leg	$381.9M	$321.1M	10x
Phoenix NEAR	+0.0855%	1h	4.5923	+0.861%	$1.9M	$2.7M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.5639	+0.236%	$576K	$1.4M	10x	as long as short
Lighter NEAR	+0.1184%	1h	4.5546	+0.034%	$18.3M	$26.8M	15x	as long as short
Aftermath Perps NEARUSD	+0.1600%	1h	4.5512	−0.042%	$6K	$12K	10x	as long as short