Funding you earn now, next payment 08:00 UTC−0.0040%/8h= −4.3% APRpaid last 24h −0.177%
Price spread now: OKX against Hyperliquid−0.066%7-day average −0.125% · you buy dearer than you sell
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$310.306% of the position
Funding, last 7 days−0.414%−$41 on $10k
+Price spread, last 7 days+0.031%+$3 · spread now −0.066%, 7d avg −0.125%
=Together, before fees−0.383%+ Points / potential airdropHyperliquid: Season 2 · farm board−$38 on $10k · with fees, hour by hour
The price spread pays, funding is against you. OKX is 0.059% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.066% now, against its 7-day average of −0.125%): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.0 days. At the pace of the last 7 days (−0.414% in total) that is about 24 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid NEAR | 4.3849 | 0.0140 | pay 0.0017% / 1h | 8m 03s | $353.8M | $315.6M | 10x |
| Short | OKX NEAR-USDT-SWAP | 4.3820 | 0.0100 | get 0.0100% / 8h | 8m 03s | $61.5M | $297.0M | 50x |
Hyperliquid NEAR
OKX NEAR-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$8.33
- Price spread: −0.066% → −0.125%
- $5.92
- Slippage, 4 orders
- −$11.6
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$33.01
- Costs to cover
- 0.306%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 6 min ago; OKX: live order book, 1 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, 6 min ago | 0.11 bp | 5.2 bp −$5 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 1 min ago | 1.14 bp | 9.4 bp −$9 | 15.8 bp −$158 | 38.6 bp −$3,860 | 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 | 4.3770 | −0.180% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3751 | −0.223% | $108K | $68K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.3787 | −0.142% | $164K | — | 150x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0016% | 1h | 4.3799 | −0.115% | $7.3M | $38.6M | 50x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −5.562% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3810 | −0.089% | $113K | $498K | 50x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3828 | −0.048% | $221.5M | $428.6M | 75x | as long as short |
| OKX NEAR-USDT-SWAPshort | +0.0100% | 8h | 4.3820 | −0.066% | $61.5M | $297.0M | 50x | |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3750 | −0.226% | $249K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3804 | −0.103% | $35.9M | $63.0M | 75x | as long as short |
Reya NEARRUSDPERP
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Kraken Futures PF_NEARUSD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Bybit NEARUSDT
Bulk NEAR-USD
Gate NEAR_USDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3810 | −0.089% | $53.1M | $46.0M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3825 | −0.055% | $72.4M | $127.8M | 75x | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.3490 | −0.820% | $8.9M | $18.6M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3477 | −0.849% | $252K | $894K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3514 | −0.764% | $1.4M | $1.6M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3440 | −0.933% | $166K | $816K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3807 | −0.096% | $278K | $4.1M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.3815 | −0.078% | $58K | $235K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3870 | +0.048% | $2K | $1.3M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.3800 | −0.112% | $5K | $50K | 10x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3800 | −0.112% | $3.6M | $8.2M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.3762 | −0.199% | $32K | $585 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.3813 | −0.083% | $3.6M | $16.5M | 25x | as long as short |
| Aster NEARUSDT | +0.0119% | 8h | 4.3840 | −0.021% | $2.7M | $4.8M | 50x | as long as short |
| Aevo NEAR-PERP | +0.0120% | 1h | 4.3810 | −0.089% | $204K | $38K | 3x | as long as short |
| Hyperliquid NEARlong | +0.0140% | 1h | 4.3849 | long leg | $353.8M | $315.6M | 10x | |
| MEXC NEAR_USDT | +0.0154% | 8h | 4.3800 | −0.112% | $90.7M | $154.3M | 200x | as long as short |
| HTX NEAR-USDT | +0.0154% | 8h | 4.3890 | +0.094% | $467K | $3.8M | 75x | as long as short |
| Binance NEARUSDT | +0.0155% | 8h | 4.3840 | −0.021% | $264.9M | $1.09B | 75x | as long as short |
| Kalshi KXNEARPERP | +0.0171% | 8h | 4.3789 | −0.137% | $972K | $25.0M | 2.2x | as long as short |
| BingX NEAR-USDC | +0.0171% | 8h | 4.3810 | −0.089% | — | $6.6M | — | as long as short |
| 01 Exchange NEARUSD | +0.0232% | 1h | 4.3855 | +0.014% | $13K | $7K | 10x | as long as short |
| BloFin NEAR-USDT | +0.0275% | 8h | 4.3680 | −0.385% | $13.3M | $32.2M | 75x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0341% / S −0.0240% | 1h | 4.3791 | −0.133% | $255K | — | 100x | as long as short |
| Nado NEAR-PERP | +0.0362% | 1h | 4.3761 | −0.201% | $1.7M | $3.2M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0466% | 1h | 4.3871 | +0.050% | $1.1M | $7.1M | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0488% | 1h | 4.3773 | −0.173% | $2.3M | $17.0M | 50x | as long as short |
| Lighter RH NEAR | +0.0488% | 1h | 4.3855 | +0.014% | $1.5M | $6.7M | 10x | as long as short |
| Lighter NEAR | +0.0536% | 1h | 4.3863 | +0.031% | $17.3M | $25.4M | 15x | as long as short |
| Arcus NEAR-USD | +0.0638% | 1h | 4.3810 | −0.089% | $229K | $1.5M | 10x | as long as short |
| Pacifica NEAR | +0.0949% | 1h | 4.3788 | −0.140% | $413K | $1.4M | 10x | as long as short |
| Phoenix NEAR | +0.0949% | 1h | 4.3782 | −0.153% | $1.8M | $2.4M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0965% | 1h | 4.3817 | −0.074% | $607K | $1.4M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1100% | 1h | 4.3632 | −0.494% | $5K | $7K | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.1485% | 1h | 4.3873 | +0.055% | $1.9M | $13.1M | 25x | as long as short |
KuCoin NEARUSDTM
Bitget NEARUSDT
Variational Omni NEAR
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
SoDEX NEAR-USD
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Extended NEAR-USD
Aster NEARUSDT
Aevo NEAR-PERP
MEXC NEAR_USDT
HTX NEAR-USDT
Binance NEARUSDT
Kalshi KXNEARPERP
BingX NEAR-USDC
01 Exchange NEARUSD
BloFin NEAR-USDT
GMX NEAR/USD [ETH-USDC]
Nado NEAR-PERP
Backpack NEAR_USDC_PERP
Coinbase International NEAR-PERP-INTX
Lighter RH NEAR
Lighter NEAR
Arcus NEAR-USD
Pacifica NEAR
Phoenix NEAR
RISEx NEAR/USDC
Aftermath Perps NEARUSD
Deribit NEAR_USDC-PERPETUAL