Funding you earn now, next payment 00:00 UTC+0.0728%/8h= +79.7% APRnext payment +$0.91 per $10,000 · paid last 24h +0.133%
Price spread now: Hyperliquid against Injective+2.712%53s7-day average −0.942% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.341%+$34 on $10k
+Price spread, last 3 days (all we have)−4.856%−$486 · spread now +2.712%, 7d avg −0.942%
=Together, before fees−4.515%+ Points / potential airdropHyperliquid: Season 2 · farm board−$451 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and Hyperliquid is 3.653% dearer against Injective than usual: you sell high and buy low: +$365 more if the spread goes back to its 7-day average of −0.942%. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.341% in total (about 17.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.91 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 | Injective NEAR/USDC PERP | 4.1410 | 0.0033 | pay 0.0004% / 1h | 26m 19s | $578 | $302K | 12x |
| Short | Hyperliquid NEAR | 4.2533 | 0.0761 | get 0.0095% / 1h | 26m 19s | $365.5M | $299.8M | 10x |
Injective NEAR/USDC PERP
Hyperliquid NEARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Injective. 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
- $152.87
- Price spread: +2.712% → −0.942%
- $365.35
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $509.19
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Hyperliquid: live order book, 8 min ago. Net counts fees only.
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 Injective no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 8 min ago | 1.41 bp | 6.9 bp −$7 | 10.7 bp −$107 | doesn't fit | doesn't fit |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 4.2448 | +2.508% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0072% | 1h | 4.2478 | +2.579% | $2.2M | $13.0M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.2520 | +2.680% | $110K | $59K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.2715 | +3.151% | $357K | $18.7M | 2.2x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | 0.0000% | 1h | 4.2459 | +2.533% | $1.8M | $2.5M | 25x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.2463 | +2.542% | $200K | — | 150x | as long as short |
| Injective NEAR/USDC PERPlong | +0.0033% | 1h | 4.1410 | long leg | $578 | $302K | 12x | |
| Variational Omni NEAR | +0.0062% | 8h | 4.2470 | +2.560% | $7.9M | $18.4M | — | as long as short |
| Bybit NEARUSDT | +0.0065% | 8h | 4.2414 | +2.425% | $216.4M | $422.3M | 75x | as long as short |
| 01 Exchange NEARUSD | +0.0080% | 1h | 4.2482 | +2.589% | $12K | $7K | 10x | as long as short |
Reya NEARRUSDPERP
Coinbase International NEAR-PERP-INTX
dYdX NEAR-USD
Kalshi KXNEARPERP
Deribit NEAR_USDC-PERPETUAL
gTrade (Gains Network) NEAR/USD
Variational Omni NEAR
Bybit NEARUSDT
01 Exchange NEARUSDShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex NEARUSDT | +0.0096% | 1h | 4.2470 | +2.560% | $108K | $496K | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.2503 | +2.638% | $31K | $647 | 10x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.2530 | +2.705% | $3.0M | $5.7M | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.2560 | +2.778% | $398K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.2446 | +2.501% | $251.3M | $1.08B | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.2430 | +2.463% | $60.4M | $283.6M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.2500 | +2.632% | $201K | $1.8M | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.2551 | +2.755% | $242K | $2K | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.2449 | +2.509% | $29.8M | $59.3M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.2460 | +2.536% | $78.0M | $141.6M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.2500 | +2.632% | $55.3M | $43.4M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.2434 | +2.473% | $70.5M | $126.0M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.2450 | +2.511% | — | $6.6M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.2605 | +2.886% | $243K | $1.2M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.2563 | +2.784% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.2630 | +2.946% | $178K | $792K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.2484 | +2.594% | $195K | $3.4M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.2443 | +2.495% | $56K | $194K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.2480 | +2.584% | $1K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.2431 | +2.466% | $13K | $50K | 10x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.2450 | +2.511% | $3.8M | $8.5M | 50x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.2424 | +2.448% | $3.9M | $16.1M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.2430 | +2.463% | $200K | $66K | 3x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0119% | 1h | 4.2477 | +2.577% | $7.6M | $36.9M | 50x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.2820 | +3.405% | $13.0M | $29.3M | 75x | as long as short |
| Lighter RH NEAR | +0.0320% | 1h | 4.2502 | +2.637% | $1.5M | $7.0M | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0374% / S −0.0314% | 1h | 4.2460 | +2.535% | $272K | — | 100x | as long as short |
| RISEx NEAR/USDC | +0.0404% | 1h | 4.2490 | +2.608% | $414K | $1.2M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0461% | 1h | 4.2824 | +3.415% | $1.4M | $5.6M | 20x | as long as short |
| Phoenix NEAR | +0.0463% | 1h | 4.2668 | +3.038% | $1.8M | $2.7M | 10x | as long as short |
| Nado NEAR-PERP | +0.0722% | 1h | 4.2462 | +2.542% | $1.9M | $3.4M | 10x | as long as short |
| Hyperliquid NEARshort | +0.0761% | 1h | 4.2533 | +2.712% | $365.5M | $299.8M | 10x | |
| HTX NEAR-USDT | +0.0814% | 8h | 4.2550 | +2.753% | $458K | $3.7M | 75x | as long as short |
| Aftermath Perps NEARUSD | +0.1118% | 1h | 4.2661 | +3.021% | $6K | $11K | 10x | as long as short |
| Lighter NEAR | +0.1712% | 1h | 4.2611 | +2.899% | $16.4M | $23.8M | 15x | as long as short |
Popdex NEARUSDT
Paradex NEAR-USD-PERP
Aster NEARUSDT
Pacifica NEAR
Binance 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
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
SoDEX NEAR-USD
Phemex NEARUSDT
Extended NEAR-USD
Aevo NEAR-PERP
Kraken Futures PF_NEARUSD
BloFin NEAR-USDT
Lighter RH NEAR
GMX NEAR/USD [ETH-USDC]
RISEx NEAR/USDC
Backpack NEAR_USDC_PERP
Phoenix NEAR
Nado NEAR-PERP
HTX NEAR-USDT
Aftermath Perps NEARUSD
Lighter NEAR