Funding you earn now, next payment 06:00 UTC−0.0470%/8h= −51.5% APRpaid last 24h −0.144%
Price spread now: BloFin against Hyperliquid−0.072%87s7-day average −0.120% · you buy dearer than you sell
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$270.269% of the position
Funding, last 7 days−0.193%−$19 on $10k
+Price spread, last 4 days (all we have)+0.046%+$5 · spread now −0.072%, 7d avg −0.120%
=Together, before fees−0.147%+ Points / potential airdropHyperliquid: Season 2 · farm board−$15 on $10k · with fees, hour by hour
The price spread pays, funding is against you. BloFin is 0.048% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.072% now, against its 7-day average of −0.120%): +$5 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 8 hours. At the pace of the last 7 days (−0.193% in total) that is about 42 hours. The two prices were read 87 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.193% in total (about -10.1% 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 | Hyperliquid NEAR | 4.2991 | 0.0690 | pay 0.0086% / 1h | 29m 39s | $351.4M | $310.3M | 10x |
| Short | BloFin NEAR-USDT | 4.2960 | 0.0220 | get 0.0220% / 8h | 2h 29m | $13.2M | $31.6M | 75x |
Hyperliquid NEAR
BloFin NEAR-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Hyperliquid. 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
- −$98.79
- Price spread: −0.072% → −0.120%
- $4.81
- Slippage, 4 orders
- −$5.95
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$120.93
- Costs to cover
- 0.269%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 4 min ago; BloFin: 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 Hyperliquid live order book, 4 min ago | 0.70 bp | 5.7 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 4 min ago | 1.16 bp | 7.2 bp −$7 | 12.6 bp −$126 | 26.3 bp −$2,632 | 75.7 bp −$37.9K |
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 | 4.2995 | +0.009% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.2937 | −0.125% | $106K | $68K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.2937 | −0.127% | $161K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −3.678% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.2970 | −0.049% | $113K | $501K | 50x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.2980 | −0.026% | $262.8M | $1.08B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.2947 | −0.102% | $214.1M | $420.5M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.2960 | −0.072% | $60.4M | $285.0M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.2997 | +0.015% | $245K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.2956 | −0.081% | $32.4M | $60.0M | 75x | as long as short |
Reya NEARRUSDPERP
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Binance NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Bulk NEAR-USD
Gate NEAR_USDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC NEAR_USDT | +0.0100% | 8h | 4.2980 | −0.026% | $76.1M | $143.9M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.2980 | −0.026% | $51.9M | $45.7M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.2945 | −0.107% | $71.1M | $127.3M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.2950 | −0.095% | — | $6.7M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.2878 | −0.262% | $8.1M | $18.0M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.2962 | −0.067% | $259K | $958K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.2949 | −0.098% | $1.4M | $1.5M | 10x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3006 | +0.035% | $262K | $3.9M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.2995 | +0.009% | $56K | $243K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3090 | +0.230% | $2K | $1.3M | 20x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.3100 | +0.254% | $466K | $4.0M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3000 | +0.021% | $3.6M | $8.3M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.2957 | −0.079% | $31K | $608 | 10x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.3015 | +0.056% | $200K | $37K | 3x | as long as short |
| BloFin NEAR-USDTshort | +0.0220% | 8h | 4.2960 | −0.072% | $13.2M | $31.6M | 75x | |
| Coinbase International NEAR-PERP-INTX | +0.0256% | 1h | 4.3035 | +0.102% | $2.3M | $15.8M | 50x | as long as short |
| Kalshi KXNEARPERP | +0.0262% | 8h | 4.2967 | −0.056% | $869K | $24.6M | 2.2x | as long as short |
| ApeX Omni NEARUSDT | +0.0263% | 1h | 4.2960 | −0.072% | $165K | $795K | 50x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0311% / S −0.0198% | 1h | 4.2931 | −0.139% | $232K | — | 100x | as long as short |
| Aster NEARUSDT | +0.0335% | 8h | 4.2972 | −0.043% | $2.8M | $5.3M | 50x | as long as short |
| Nado NEAR-PERP | +0.0372% | 1h | 4.2985 | −0.014% | $1.7M | $3.2M | 10x | as long as short |
| Extended NEAR-USD | +0.0528% | 1h | 4.2968 | −0.053% | $3.7M | $19.7M | 25x | as long as short |
| SoDEX NEAR-USD | +0.0567% | 1h | 4.2975 | −0.037% | $6K | $53K | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0656% | 1h | 4.3000 | +0.021% | $1.3M | $6.7M | 20x | as long as short |
| Hyperliquid NEARlong | +0.0690% | 1h | 4.2991 | long leg | $351.4M | $310.3M | 10x | |
| Kraken Futures PF_NEARUSD | +0.0736% | 1h | 4.2958 | −0.077% | $7.4M | $38.9M | 50x | as long as short |
| 01 Exchange NEARUSD | +0.0752% | 1h | 4.3039 | +0.112% | $13K | $7K | 10x | as long as short |
| Arcus NEAR-USD | +0.0814% | 1h | 4.3000 | +0.021% | $216K | $1.6M | 10x | as long as short |
| Pacifica NEAR | +0.0847% | 1h | 4.2975 | −0.038% | $394K | $1.3M | 10x | as long as short |
| Lighter NEAR | +0.0928% | 1h | 4.3010 | +0.044% | $16.8M | $25.1M | 15x | as long as short |
| Phoenix NEAR | +0.1033% | 1h | 4.3089 | +0.228% | $1.8M | $2.5M | 10x | as long as short |
| Lighter RH NEAR | +0.1112% | 1h | 4.3009 | +0.042% | $1.5M | $7.4M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.1171% | 1h | 4.3000 | +0.021% | $1.9M | $11.0M | 25x | as long as short |
| RISEx NEAR/USDC | +0.1220% | 1h | 4.3005 | +0.032% | $684K | $1.3M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1349% | 1h | 4.2958 | −0.078% | $5K | $12K | 10x | as long as short |
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDC
Variational Omni NEAR
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
Polymarket Perps NEAR-USD
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
HTX NEAR-USDT
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Aevo NEAR-PERP
Coinbase International NEAR-PERP-INTX
Kalshi KXNEARPERP
ApeX Omni NEARUSDT
GMX NEAR/USD [ETH-USDC]
Aster NEARUSDT
Nado NEAR-PERP
Extended NEAR-USD
SoDEX NEAR-USD
Backpack NEAR_USDC_PERP
Kraken Futures PF_NEARUSD
01 Exchange NEARUSD
Arcus NEAR-USD
Pacifica NEAR
Lighter NEAR
Phoenix NEAR
Lighter RH NEAR
Deribit NEAR_USDC-PERPETUAL
RISEx NEAR/USDC
Aftermath Perps NEARUSD