Funding you earn now, next payment 02:00 UTC−0.0681%/8h= −74.6% APRnext payment −$0.85 per $10,000 · paid last 24h −0.177%
Price spread now: Popdex against Hyperliquid−0.405%47s7-day average −0.103% · 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—prices read too far apart to compare
costs, in and out, $10k−$280.282% of the position
Funding, last 3 days (all we have)−0.322%−$32 on $10k
+Price spread, last 4 days (all we have)+0.439%+$44 · spread now −0.405%, 7d avg −0.103%
=Together, before fees+0.117%+ Points / potential airdropHyperliquid: Season 2 · farm board+$12 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and Popdex is 0.302% cheaper against Hyperliquid than usual: you would sell low and buy high (−$30 if the spread goes back to its 7-day average of −0.103%). Swap the legs. The two prices were read 47 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 | 4.3185 | 0.0777 | pay 0.0097% / 1h | 41m 53s | $363.2M | $305.6M | 10x |
| Short | Popdex NEARUSDT | 4.3010 | 0.0096 | get 0.0012% / 1h | 41m 53s | $115K | $477K | 50x |
Hyperliquid NEAR
Popdex NEARUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Popdex 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
- −$143.02
- Price spread: −0.405% → −0.103%
- −$30.22
- Slippage, 4 orders
- −$12.77
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- −$201.4
- Costs to cover
- 0.282%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 12 min ago; Popdex: live order book, 27 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, 12 min ago | 0.12 bp | 7.8 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell Popdex live order book, 27 min ago | 1.16 bp | 6.4 bp −$6 | 55.5 bp −$555 | 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 | 4.3017 | −0.389% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0064% | 1h | 4.3068 | −0.271% | $2.1M | $13.5M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3024 | −0.374% | $107K | $69K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.3035 | −0.347% | $510K | $19.5M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.3038 | −0.341% | $200K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −4.110% | $578 | $302K | 12x | as long as short |
| Variational Omni NEAR | +0.0040% | 8h | 4.3438 | +0.586% | $8.2M | $19.1M | — | as long as short |
| Popdex NEARUSDTshort | +0.0096% | 1h | 4.3010 | −0.405% | $115K | $477K | 50x | |
| Orderly PERP_NEAR_USDC | +0.0099% | 8h | 4.3084 | −0.234% | $57K | $161K | 20x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.3105 | −0.185% | $3.0M | $5.8M | 50x | as long as short |
Reya NEARRUSDPERP
Coinbase International NEAR-PERP-INTX
dYdX NEAR-USD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Variational Omni NEAR
Orderly PERP_NEAR_USDC
Aster NEARUSDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica NEAR | +0.0100% | 1h | 4.3007 | −0.412% | $407K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.3130 | −0.127% | $258.2M | $1.06B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3070 | −0.266% | $218.9M | $419.4M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3070 | −0.266% | $60.9M | $278.8M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.3070 | −0.266% | $204K | $1.8M | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3300 | +0.266% | $247K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3127 | −0.134% | $31.0M | $60.5M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.3150 | −0.081% | $75.8M | $137.6M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3150 | −0.081% | $55.5M | $42.7M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3070 | −0.266% | $71.3M | $123.5M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.3090 | −0.220% | — | $6.6M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3320 | +0.312% | $260K | $1.0M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3386 | +0.465% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3310 | +0.289% | $179K | $778K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3031 | −0.357% | $214K | $3.5M | 10x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3150 | −0.081% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.3055 | −0.301% | $5K | $51K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.3060 | −0.289% | $438K | $3.9M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3070 | −0.266% | $3.8M | $8.3M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.2947 | −0.552% | $31K | $608 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.3084 | −0.233% | $3.8M | $17.4M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.3069 | −0.268% | $201K | $34K | 3x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0220% | 1h | 4.3089 | −0.222% | $7.9M | $40.0M | 50x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.3220 | +0.081% | $13.2M | $27.6M | 75x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0358% / S −0.0277% | 1h | 4.3027 | −0.365% | $258K | — | 100x | as long as short |
| 01 Exchange NEARUSD | +0.0384% | 1h | 4.3051 | −0.310% | $13K | $7K | 10x | as long as short |
| Nado NEAR-PERP | +0.0436% | 1h | 4.3015 | −0.394% | $1.9M | $3.0M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0509% | 1h | 4.3067 | −0.273% | $536K | $1.3M | 10x | as long as short |
| Phoenix NEAR | +0.0592% | 1h | 4.3533 | +0.806% | $1.8M | $2.6M | 10x | as long as short |
| Lighter RH NEAR | +0.0664% | 1h | 4.3152 | −0.076% | $1.6M | $6.9M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0726% | 1h | 4.3092 | −0.215% | $1.9M | $4.1M | 25x | as long as short |
| Hyperliquid NEARlong | +0.0777% | 1h | 4.3185 | long leg | $363.2M | $305.6M | 10x | |
| Backpack NEAR_USDC_PERP | +0.0792% | 1h | 4.3143 | −0.097% | $1.4M | $6.0M | 20x | as long as short |
| Lighter NEAR | +0.1448% | 1h | 4.3179 | −0.015% | $17.2M | $24.6M | 15x | as long as short |
| Aftermath Perps NEARUSD | +0.1475% | 1h | 4.3205 | +0.046% | $5K | $12K | 10x | as long as short |
Pacifica NEAR
Binance NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Arcus NEAR-USD
Bulk NEAR-USD
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDC
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
SunX NEAR-USDT
SoDEX NEAR-USD
HTX NEAR-USDT
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Extended NEAR-USD
Aevo NEAR-PERP
Kraken Futures PF_NEARUSD
BloFin NEAR-USDT
GMX NEAR/USD [ETH-USDC]
01 Exchange NEARUSD
Nado NEAR-PERP
RISEx NEAR/USDC
Phoenix NEAR
Lighter RH NEAR
Deribit NEAR_USDC-PERPETUAL
Backpack NEAR_USDC_PERP
Lighter NEAR
Aftermath Perps NEARUSD