Funding you earn now, next payment 08:00 UTC−0.0739%/8h= −80.9% APRnext payment −$0.92 per $10,000 · paid last 24h +0.013%
Price spread now: Hyperliquid against RISEx+0.461%7-day average +0.063% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs+$16as in the Price arb table
costs, in and out, $10k−$230.233% of the position
Funding, last 4 days (all we have)−0.096%−$10 on $10k
+Price spread, last 7 days−0.475%−$47 · spread now +0.461%, 7d avg +0.063%
=Together, before fees−0.571%+ Points / potential airdropHyperliquid: Season 2 · farm board−$57 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Hyperliquid is 0.398% dearer against RISEx than usual: you sell high and buy low (spread +0.461% now, against its 7-day average of +0.063%): +$40 on $10k if it goes back. Holding the pair costs −$22 a day in funding at the current rate, which eats that in about 43 hours. At the pace of the last 4 days (−0.096% in total) that is about 15 days.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.096% in total (about -9.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.92 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 | RISEx NEAR/USDC | 4.3061 | 0.0965 | pay 0.0121% / 1h | 35m 47s | $598K | $1.4M | 10x |
| Short | Hyperliquid NEAR | 4.3260 | 0.0226 | get 0.0028% / 1h | 35m 47s | $349.0M | $315.3M | 10x |
RISEx NEAR/USDC
Hyperliquid NEARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against RISEx. 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
- −$155.19
- Price spread: +0.461% → +0.063%
- $39.83
- Slippage, 4 orders
- −$8.34
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$138.7
- Costs to cover
- 0.233%
- Break-even
- from the start
Slippage from RISEx: live order book, 3 min ago; Hyperliquid: live order book, 8 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 RISEx live order book, 3 min ago | 1.91 bp | 4.9 bp −$5 | 12.0 bp −$120 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 8 min ago | 0.35 bp | 7.1 bp −$7 | doesn't fit | 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 | 4.3087 | +0.059% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3057 | −0.010% | $106K | $68K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.3114 | +0.123% | $161K | — | 150x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0017% | 1h | 4.3180 | +0.276% | $7.1M | $38.3M | 50x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −3.835% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3060 | −0.003% | $110K | $496K | 50x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3203 | +0.329% | $218.1M | $430.3M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3200 | +0.322% | $60.7M | $291.6M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3160 | +0.229% | $246K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3193 | +0.306% | $35.2M | $62.4M | 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
OKX NEAR-USDT-SWAP
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 | 4.3210 | +0.346% | $52.3M | $45.9M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3201 | +0.325% | $71.5M | $128.2M | 75x | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.3217 | +0.361% | $8.7M | $18.8M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3177 | +0.268% | $250K | $898K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3207 | +0.339% | $1.4M | $1.5M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3330 | +0.624% | $165K | $815K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3085 | +0.055% | $283K | $4.1M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.3207 | +0.339% | $58K | $235K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3210 | +0.346% | $1K | $1.3M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.3201 | +0.325% | $5K | $53K | 10x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3240 | +0.415% | $3.5M | $8.2M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0102% | 8h | 4.3047 | −0.033% | $31K | $585 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.3182 | +0.280% | $3.6M | $17.2M | 25x | as long as short |
| HTX NEAR-USDT | +0.0122% | 8h | 4.3190 | +0.299% | $460K | $3.8M | 75x | as long as short |
| Aevo NEAR-PERP | +0.0128% | 1h | 4.3217 | +0.363% | $201K | $38K | 3x | as long as short |
| Kalshi KXNEARPERP | +0.0185% | 8h | 4.3079 | +0.041% | $935K | $25.2M | 2.2x | as long as short |
| Binance NEARUSDT | +0.0193% | 8h | 4.3220 | +0.369% | $262.4M | $1.09B | 75x | as long as short |
| MEXC NEAR_USDT | +0.0196% | 8h | 4.3220 | +0.369% | $83.5M | $150.7M | 200x | as long as short |
| Aster NEARUSDT | +0.0198% | 8h | 4.3208 | +0.341% | $2.7M | $4.8M | 50x | as long as short |
| BingX NEAR-USDC | +0.0205% | 8h | 4.3210 | +0.346% | — | $6.7M | — | as long as short |
| Hyperliquid NEARshort | +0.0226% | 1h | 4.3260 | +0.461% | $349.0M | $315.3M | 10x | |
| 01 Exchange NEARUSD | +0.0264% | 1h | 4.3057 | −0.010% | $13K | $7K | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0315% / S −0.0204% | 1h | 4.3121 | +0.140% | $232K | — | 100x | as long as short |
| BloFin NEAR-USDT | +0.0316% | 8h | 4.3110 | +0.113% | $13.2M | $31.8M | 75x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0390% | 1h | 4.3262 | +0.466% | $1.1M | $7.0M | 20x | as long as short |
| Nado NEAR-PERP | +0.0478% | 1h | 4.3060 | −0.002% | $1.7M | $3.2M | 10x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0488% | 1h | 4.3137 | +0.176% | $2.3M | $16.8M | 50x | as long as short |
| Lighter RH NEAR | +0.0512% | 1h | 4.3273 | +0.492% | $1.5M | $6.6M | 10x | as long as short |
| Arcus NEAR-USD | +0.0638% | 1h | 4.3070 | +0.020% | $225K | $1.6M | 10x | as long as short |
| Lighter NEAR | +0.0728% | 1h | 4.3278 | +0.503% | $17.1M | $25.1M | 15x | as long as short |
| Pacifica NEAR | +0.0949% | 1h | 4.3060 | −0.002% | $406K | $1.5M | 10x | as long as short |
| Phoenix NEAR | +0.0949% | 1h | 4.3384 | +0.750% | $1.8M | $2.4M | 10x | as long as short |
| RISEx NEAR/USDClong | +0.0965% | 1h | 4.3061 | long leg | $598K | $1.4M | 10x | |
| Deribit NEAR_USDC-PERPETUAL | +0.1093% | 1h | 4.3239 | +0.413% | $1.9M | $13.2M | 25x | as long as short |
| Aftermath Perps NEARUSD | +0.1248% | 1h | 4.3207 | +0.340% | $5K | $7K | 10x | 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
HTX NEAR-USDT
Aevo NEAR-PERP
Kalshi KXNEARPERP
Binance NEARUSDT
MEXC NEAR_USDT
Aster NEARUSDT
BingX NEAR-USDC
01 Exchange NEARUSD
GMX NEAR/USD [ETH-USDC]
BloFin NEAR-USDT
Backpack NEAR_USDC_PERP
Nado NEAR-PERP
Coinbase International NEAR-PERP-INTX
Lighter RH NEAR
Arcus NEAR-USD
Lighter NEAR
Pacifica NEAR
Phoenix NEAR
Deribit NEAR_USDC-PERPETUAL
Aftermath Perps NEARUSD