NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0854%/8h= +93.6% APRnext payment +$1.07 per $10,000 · paid last 24h +0.171%

Price spread now: Hyperliquid against Pacifica+0.238%7-day average +0.087% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$490.489% of the position

Long on Pacifica Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.299%+$30 on $10k

Price spread, last 4 days (all we have)−0.137%−$14 · spread now +0.238%, 7d avg +0.087%

Together, before fees+0.162%+ Points / potential airdropPacifica: Active · Hyperliquid: Season 2 · farm board+$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$26 a day on $10k at the current rate, and Hyperliquid is 0.151% dearer against Pacifica than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.087%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.299% in total (about 15.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.07 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	Pacifica NEAR	4.1160	0.0100	pay 0.0013% / 1h	20m 21s	$364K	$1.2M	10x
Short	Hyperliquid NEAR	4.1258	0.0954	get 0.0119% / 1h	20m 21s	$346.3M	$299.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Pacifica. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee PacificabpFee HyperliquidbpOrdersPrice spread, now +0.238%Rate

Funding earned: $179.41
Price spread: +0.238% → +0.087%: $15.11
Slippage, 4 orders: −$31.85
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $145.67
Costs to cover: 0.489%
Break-even: 1.3 days

Slippage from Pacifica: live order book, 4 min ago; Hyperliquid: 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 Pacifica live order book, 4 min ago	4.84 bp	15.5 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 4 min ago	0.36 bp	6.7 bp −$7	10.3 bp −$103	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	4.1192	+0.077%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0024%	1h	4.1220	+0.146%	$2.1M	$12.6M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.1169	+0.022%	$103K	$54K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.1185	+0.061%	$410K	$19.0M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.1212	+0.128%	$204K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	+0.608%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.1160	0.000%	$108K	$489K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.1216	+0.136%	$53K	$159K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.1154	−0.014%	$30K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.1201	+0.101%	$2.9M	$5.9M	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica NEARlong	+0.0100%	1h	4.1160	long leg	$364K	$1.2M	10x
Binance NEARUSDT	+0.0100%	8h	4.1230	+0.170%	$234.9M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.1220	+0.146%	$209.7M	$428.3M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.1240	+0.195%	$56.3M	$275.4M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.1200	+0.098%	$235K	$6K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.1195	+0.085%	$29.3M	$58.2M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.1190	+0.073%	$80.7M	$144.2M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.1170	+0.025%	$55.6M	$45.1M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.1207	+0.115%	$68.5M	$127.2M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.1190	+0.073%	—	$136.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.1083	−0.187%	$7.7M	$18.5M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.1292	+0.321%	$235K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.1258	+0.239%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.1290	+0.316%	$181K	$791K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.1226	+0.161%	$205K	$3.1M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.1250	+0.219%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.1215	+0.134%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.1230	+0.170%	$3.8M	$8.3M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.1195	+0.087%	$3.7M	$14.6M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.1204	+0.107%	$200K	$65K	3x	as long as short
Arcus NEAR-USD	+0.0118%	1h	4.1180	+0.049%	$305K	$1.6M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0150%	1h	4.1236	+0.184%	$7.0M	$36.5M	50x	as long as short
01 Exchange NEARUSD	+0.0200%	1h	4.1168	+0.020%	$12K	$7K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0211%	1h	4.1249	+0.217%	$1.8M	$2.1M	25x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.1120	−0.097%	$12.3M	$33.5M	75x	as long as short
Lighter RH NEAR	+0.0288%	1h	4.1280	+0.292%	$1.4M	$7.2M	10x	as long as short
Nado NEAR-PERP	+0.0363%	1h	4.1170	+0.025%	$1.8M	$3.6M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0372% / S −0.0317%	1h	4.1209	+0.120%	$271K	—	100x	as long as short
RISEx NEAR/USDC	+0.0569%	1h	4.1184	+0.059%	$411K	$1.2M	10x	as long as short
Phoenix NEAR	+0.0582%	1h	4.1304	+0.350%	$1.7M	$2.8M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0766%	1h	4.1216	+0.136%	$1.4M	$5.7M	20x	as long as short
Lighter NEAR	+0.0816%	1h	4.1290	+0.316%	$15.2M	$23.0M	15x	as long as short
Hyperliquid NEARshort	+0.0954%	1h	4.1258	+0.238%	$346.3M	$299.6M	10x
Aftermath Perps NEARUSD	+0.0994%	1h	4.1317	+0.381%	$5K	$11K	10x	as long as short
HTX NEAR-USDT	+0.1096%	8h	4.1300	+0.340%	$444K	$3.7M	75x	as long as short