Funding you earn now, next payment 03:00 UTC−0.0063%/8h= −6.9% APRnext payment −$0.08 per $10,000 · paid last 24h −0.097%
Price spread now: Kraken Futures against Hyperliquid−0.506%50s7-day average −0.092% · you buy dearer than you sell
Net, funding: paid 7d − costs−$70as 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−$470.474% of the position
Funding, last 7 days−0.226%−$23 on $10k
+Price spread, last 4 days (all we have)+0.833%+$83 · spread now −0.506%, 7d avg −0.092%
=Together, before fees+0.607%+ Points / potential airdropHyperliquid: Season 2 · farm board+$61 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Kraken Futures is 0.413% cheaper against Hyperliquid than usual: you would sell low and buy high (−$41 if the spread goes back to its 7-day average of −0.092%). Swap the legs. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid NEAR | 4.4382 | 0.0761 | pay 0.0095% / 1h | 30m 29s | $369.7M | $309.0M | 10x |
| Short | Kraken Futures PF_NEARUSD | 4.4158 | 0.0698 | get 0.0087% / 1h | 30m 29s | $8.2M | $41.0M | 50x |
Hyperliquid NEAR
Kraken Futures PF_NEARUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$13.25
- Price spread: −0.506% → −0.092%
- −$41.35
- Slippage, 4 orders
- −$28.44
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$102.05
- Costs to cover
- 0.474%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 4 min ago; Kraken Futures: 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 | 0.22 bp | 10.6 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 4 min ago | 7.77 bp | 17.6 bp −$18 | 21.0 bp −$210 | 54.2 bp −$5,423 | 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 | 4.4318 | −0.144% | $2K | — | 20x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | −0.0044% | 1h | 4.4161 | −0.498% | $1.9M | $4.4M | 25x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0016% | 1h | 4.4183 | −0.448% | $2.2M | $14.6M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.4232 | −0.337% | $109K | $70K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.4213 | −0.381% | $645K | $19.6M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.4212 | −0.383% | $199K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −6.696% | $578 | $302K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.4370 | −0.027% | $116K | $490K | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.4242 | −0.316% | $418K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.4362 | −0.045% | $269.3M | $1.08B | 75x | as long as short |
Reya NEARRUSDPERP
Deribit NEAR_USDC-PERPETUAL
Coinbase International NEAR-PERP-INTX
dYdX NEAR-USD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Pacifica NEAR
Binance NEARUSDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit NEARUSDT | +0.0100% | 8h | 4.4342 | −0.090% | $223.0M | $419.5M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.4300 | −0.185% | $63.4M | $293.7M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.4421 | +0.087% | $253K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.4297 | −0.192% | $32.0M | $62.8M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.4350 | −0.072% | $76.3M | $142.9M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.4270 | −0.252% | $55.5M | $44.3M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.4312 | −0.158% | $73.0M | $127.2M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.4290 | −0.207% | — | $6.6M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.4186 | −0.442% | $8.7M | $18.2M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.4477 | +0.215% | $267K | $989K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.4540 | +0.357% | $1.5M | $1.4M | 10x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.4357 | −0.056% | $216K | $3.7M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.4178 | −0.460% | $60K | $195K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.4210 | −0.388% | $1K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.4170 | −0.478% | $5K | $51K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.4360 | −0.050% | $461K | $3.9M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.4160 | −0.500% | $3.9M | $8.1M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.4201 | −0.409% | $32K | $608 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.4297 | −0.191% | $3.8M | $18.7M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.4200 | −0.410% | $206K | $34K | 3x | as long as short |
| ApeX Omni NEARUSDT | +0.0186% | 1h | 4.4450 | +0.153% | $172K | $793K | 50x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.4160 | −0.500% | $13.6M | $31.2M | 75x | as long as short |
| Aster NEARUSDT | +0.0234% | 8h | 4.4319 | −0.142% | $3.0M | $5.4M | 50x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0351% / S −0.0245% | 1h | 4.4218 | −0.370% | $260K | — | 100x | as long as short |
| Nado NEAR-PERP | +0.0390% | 1h | 4.4350 | −0.072% | $1.9M | $3.1M | 10x | as long as short |
| 01 Exchange NEARUSD | +0.0392% | 1h | 4.4335 | −0.106% | $13K | $7K | 10x | as long as short |
| Arcus NEAR-USD | +0.0410% | 1h | 4.4350 | −0.072% | $211K | $1.7M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0600% | 1h | 4.4166 | −0.487% | $1.4M | $6.6M | 20x | as long as short |
| Kraken Futures PF_NEARUSDshort | +0.0698% | 1h | 4.4158 | −0.506% | $8.2M | $41.0M | 50x | |
| Lighter RH NEAR | +0.0760% | 1h | 4.4348 | −0.077% | $1.6M | $6.9M | 10x | as long as short |
| Hyperliquid NEARlong | +0.0761% | 1h | 4.4382 | long leg | $369.7M | $309.0M | 10x | |
| Phoenix NEAR | +0.0855% | 1h | 4.4463 | +0.183% | $1.8M | $2.7M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0924% | 1h | 4.4371 | −0.025% | $559K | $1.3M | 10x | as long as short |
| Lighter NEAR | +0.1312% | 1h | 4.4300 | −0.185% | $17.7M | $25.9M | 15x | as long as short |
| Aftermath Perps NEARUSD | +0.1706% | 1h | 4.4245 | −0.308% | $6K | $12K | 10x | as long as short |
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
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
HTX NEAR-USDT
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Extended NEAR-USD
Aevo NEAR-PERP
ApeX Omni NEARUSDT
BloFin NEAR-USDT
Aster NEARUSDT
GMX NEAR/USD [ETH-USDC]
Nado NEAR-PERP
01 Exchange NEARUSD
Arcus NEAR-USD
Backpack NEAR_USDC_PERP
Lighter RH NEAR
Phoenix NEAR
RISEx NEAR/USDC
Lighter NEAR
Aftermath Perps NEARUSD