Funding you earn now, next payment 10:00 UTC+0.0230%/8h= +25.2% APRnext payment +$0.29 per $10,000 · paid last 24h −0.080%
Price spread now: Deribit against Hyperliquid+0.094%7-day average −0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$18as 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)+0.227%+$23 · spread now +0.094%, 7d avg −0.030%
=Together, before fees+0.206%+ Points / potential airdropHyperliquid: Season 2 · farm board+$21 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Deribit is 0.124% dearer against Hyperliquid than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.030%.
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 +$0.29 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 | 4.4777 | 0.0100 | pay 0.0013% / 1h | 54m 59s | $362.4M | $323.9M | 10x |
| Short | Deribit NEAR_USDC-PERPETUAL | 4.4819 | 0.0330 | get 0.0041% / 1h | 54m 59s | $1.9M | $13.1M | 25x |
Hyperliquid NEAR
Deribit NEAR_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $48.3
- Price spread: +0.094% → −0.030%
- $12.38
- Slippage, 4 orders
- −$14.28
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $30.39
- Costs to cover
- 0.303%
- Break-even
- 2.6 days
Slippage from Hyperliquid: live order book, 9 min ago; Deribit: 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, 9 min ago | 0.11 bp | 9.2 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell Deribit live order book, 4 min ago | 4.52 bp | 8.0 bp −$8 | 16.3 bp −$163 | 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 | 4.4851 | +0.164% | $2K | — | 20x | as long as short |
| Kraken Futures PF_NEARUSD | −0.0141% | 1h | 4.4764 | −0.029% | $7.3M | $38.6M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.4877 | +0.223% | $109K | $53K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.5437 | +1.474% | $170K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −7.519% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.4910 | +0.297% | $119K | $519K | 50x | as long as short |
| Hyperliquid NEARlong | +0.0100% | 1h | 4.4777 | long leg | $362.4M | $323.9M | 10x | |
| Aster NEARUSDT | +0.0100% | 8h | 4.4782 | +0.012% | $2.6M | $4.7M | 50x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.4780 | +0.007% | $272.0M | $1.10B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.4782 | +0.011% | $232.6M | $435.9M | 75x | 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 NEARUSDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.4730 | −0.105% | $63.7M | $306.7M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.4940 | +0.364% | $232K | $1.4M | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.5308 | +1.185% | $261K | $3K | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.4748 | −0.065% | $38.4M | $61.3M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.4780 | +0.007% | $79.7M | $163.0M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.4830 | +0.118% | $53.3M | $45.7M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.4749 | −0.063% | $73.9M | $128.7M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.4770 | −0.016% | — | $6.7M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.5146 | +0.825% | $9.4M | $17.7M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.5342 | +1.262% | $268K | $881K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.5350 | +1.280% | $1.5M | $1.6M | 10x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.4903 | +0.281% | $279K | $4.0M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.4848 | +0.159% | $58K | $269K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.4870 | +0.208% | $2K | $1.3M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.4825 | +0.107% | $5K | $44K | 10x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.4850 | +0.163% | $3.4M | $8.0M | 50x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.4756 | −0.046% | $3.8M | $15.0M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.4826 | +0.109% | $208K | $38K | 3x | as long as short |
| Paradex NEAR-USD-PERP | +0.0109% | 8h | 4.4920 | +0.318% | $32K | $413 | 10x | as long as short |
| Kalshi KXNEARPERP | +0.0123% | 8h | 4.4881 | +0.232% | $775K | $25.6M | 2.2x | as long as short |
| HTX NEAR-USDT | +0.0129% | 8h | 4.4950 | +0.386% | $476K | $3.8M | 75x | as long as short |
| 01 Exchange NEARUSD | +0.0208% | 1h | 4.4866 | +0.199% | $13K | $5K | 10x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.4900 | +0.275% | $12.8M | $33.0M | 75x | as long as short |
| Lighter NEAR | +0.0288% | 1h | 4.4850 | +0.163% | $17.6M | $23.4M | 15x | as long as short |
| Deribit NEAR_USDC-PERPETUALshort | +0.0330% | 1h | 4.4819 | +0.094% | $1.9M | $13.1M | 25x | |
| GMX NEAR/USD [ETH-USDC] | L +0.0341% / S −0.0235% | 1h | 4.4856 | +0.176% | $258K | — | 100x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0520% | 1h | 4.4846 | +0.154% | $2.3M | $17.9M | 50x | as long as short |
| Lighter RH NEAR | +0.0528% | 1h | 4.4863 | +0.192% | $1.6M | $6.0M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0569% | 1h | 4.4858 | +0.181% | $640K | $1.6M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0685% | 1h | 4.4796 | +0.042% | $1.1M | $7.1M | 20x | as long as short |
| Phoenix NEAR | +0.0740% | 1h | 4.5188 | +0.918% | $1.7M | $2.5M | 10x | as long as short |
| Nado NEAR-PERP | +0.0746% | 1h | 4.4860 | +0.185% | $1.7M | $3.2M | 10x | as long as short |
| Pacifica NEAR | +0.0883% | 1h | 4.4937 | +0.358% | $424K | $1.4M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0995% | 1h | 4.5320 | +1.213% | $169K | $827K | 50x | as long as short |
| Aftermath Perps NEARUSD | +0.1262% | 1h | 4.5235 | +1.023% | $6K | $7K | 10x | as long as short |
OKX NEAR-USDT-SWAP
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
Polymarket Perps NEAR-USD
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
SoDEX NEAR-USD
Phemex NEARUSDT
Extended NEAR-USD
Aevo NEAR-PERP
Paradex NEAR-USD-PERP
Kalshi KXNEARPERP
HTX NEAR-USDT
01 Exchange NEARUSD
BloFin NEAR-USDT
Lighter NEAR
GMX NEAR/USD [ETH-USDC]
Coinbase International NEAR-PERP-INTX
Lighter RH NEAR
RISEx NEAR/USDC
Backpack NEAR_USDC_PERP
Phoenix NEAR
Nado NEAR-PERP
Pacifica NEAR
ApeX Omni NEARUSDT
Aftermath Perps NEARUSD