Funding you earn now, next payment 01:00 UTC−0.0145%/8h= −15.9% APRnext payment −$0.18 per $10,000 · paid last 24h −0.206%
Price spread now: gTrade (Gains Network) against Hyperliquid−0.865%7-day average −0.129% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$360as in the Price arb table
costs, in and out, $10k−$2862.862% of the position
Funding, last 3 days (all we have)−0.395%−$40 on $10k
+Price spread, last 3 days (all we have)+0.804%+$80 · spread now −0.865%, 7d avg −0.129%
=Together, before fees+0.409%+ Points / potential airdropHyperliquid: Season 2 · farm board+$41 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and gTrade (Gains Network) is 0.736% cheaper against Hyperliquid than usual: you would sell low and buy high (−$74 if the spread goes back to its 7-day average of −0.129%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid NEAR | 4.3068 | 0.0149 | pay 0.0019% / 1h | 25m 42s | $361.3M | $305.3M | 10x |
| Short | gTrade (Gains Network) NEAR/USD | 4.2695 | L +0.0004% / S −0.0004% | get 0.0001% / 1h | 25m 42s | $203K | — | 150x |
Hyperliquid NEAR
gTrade (Gains Network) NEAR/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) 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
- −$30.48
- Price spread: −0.865% → −0.129%
- −$73.6
- Slippage, 4 orders
- −$267.2
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$390.28
- Costs to cover
- 2.862%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 8 min ago; gTrade (Gains Network): virtual book (oracle venue), 48 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, 8 min ago | 0.94 bp | 6.4 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell gTrade (Gains Network) virtual book (oracle venue), 48 min ago | 130.01 bp | 137.7 bp −$138 | 1007.8 bp −$10.1K | 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 | 4.2664 | −0.939% | $2K | — | 20x | as long as short |
| Kraken Futures PF_NEARUSD | −0.0132% | 1h | 4.2689 | −0.880% | $7.2M | $37.3M | 50x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0096% | 1h | 4.2748 | −0.743% | $2.2M | $12.9M | 50x | as long as short |
| 01 Exchange NEARUSD | −0.0016% | 1h | 4.2814 | −0.590% | $13K | $7K | 10x | as long as short |
| Variational Omni NEAR | −0.0004% | 8h | 4.2668 | −0.929% | $7.9M | $18.8M | — | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3014 | −0.125% | $111K | $64K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.2761 | −0.713% | $385K | $18.6M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USDshort | L +0.0004% / S −0.0004% | 1h | 4.2695 | −0.865% | $203K | — | 150x | |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −3.850% | $578 | $302K | 12x | as long as short |
| Bybit NEARUSDT | +0.0038% | 8h | 4.2979 | −0.207% | $217.5M | $416.5M | 75x | as long as short |
Reya NEARRUSDPERP
Kraken Futures PF_NEARUSD
Coinbase International NEAR-PERP-INTX
01 Exchange NEARUSD
Variational Omni NEAR
dYdX NEAR-USD
Kalshi KXNEARPERP
Injective NEAR/USDC PERP
Bybit NEARUSDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate NEAR_USDT | +0.0092% | 8h | 4.2994 | −0.172% | $30.9M | $59.6M | 75x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.2780 | −0.669% | $114K | $480K | 50x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0098% | 8h | 4.2698 | −0.859% | $57K | $191K | 20x | as long as short |
| Paradex NEAR-USD-PERP | +0.0099% | 8h | 4.2960 | −0.250% | $31K | $608 | 10x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.2842 | −0.526% | $2.9M | $5.7M | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.3029 | −0.091% | $398K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.3026 | −0.098% | $254.7M | $1.06B | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.2960 | −0.251% | $60.4M | $279.1M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.3030 | −0.088% | $197K | $1.7M | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.2789 | −0.647% | $244K | −$0 | 10x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.3050 | −0.042% | $76.9M | $140.4M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3030 | −0.088% | $56.6M | $42.8M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3003 | −0.151% | $71.3M | $124.3M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.3010 | −0.135% | — | $141.9M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.2763 | −0.709% | $255K | $1.2M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.2603 | −1.080% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.2810 | −0.599% | $179K | $782K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.2752 | −0.734% | $205K | $3.5M | 10x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.2870 | −0.460% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.2689 | −0.880% | $5K | $52K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.2760 | −0.715% | $452K | $3.6M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.2720 | −0.808% | $3.8M | $8.5M | 50x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0101% | 1h | 4.2714 | −0.822% | $1.9M | $3.4M | 25x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.2998 | −0.162% | $3.9M | $17.0M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.2690 | −0.878% | $199K | $28K | 3x | as long as short |
| Hyperliquid NEARlong | +0.0149% | 1h | 4.3068 | long leg | $361.3M | $305.3M | 10x | |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.2770 | −0.692% | $12.9M | $28.1M | 75x | as long as short |
| Lighter RH NEAR | +0.0368% | 1h | 4.3072 | +0.009% | $1.6M | $6.9M | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0372% / S −0.0306% | 1h | 4.2695 | −0.867% | $272K | — | 100x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0418% | 1h | 4.2791 | −0.643% | $1.3M | $5.9M | 20x | as long as short |
| RISEx NEAR/USDC | +0.0428% | 1h | 4.3040 | −0.066% | $408K | $1.2M | 10x | as long as short |
| Nado NEAR-PERP | +0.0476% | 1h | 4.2724 | −0.798% | $1.9M | $3.2M | 10x | as long as short |
| Phoenix NEAR | +0.0499% | 1h | 4.2669 | −0.926% | $1.8M | $2.7M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1312% | 1h | 4.2729 | −0.788% | $5K | $12K | 10x | as long as short |
| Lighter NEAR | +0.1864% | 1h | 4.3125 | +0.134% | $17.3M | $24.4M | 15x | as long as short |
Gate NEAR_USDT
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-USDT
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
SunX NEAR-USDT
SoDEX NEAR-USD
HTX NEAR-USDT
Phemex NEARUSDT
Deribit NEAR_USDC-PERPETUAL
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
Aftermath Perps NEARUSD
Lighter NEAR