Polygon vs NEAR Comparison

Side-by-side comparison of MATIC and NEAR on Hyperliquid perpetual futures

MATIC
$0.3762
+0.00% (24h)
View MATIC Analysis
NEAR
$1.09
-0.04% (24h)
View NEAR Analysis

MATIC vs NEAR Comparison Table

MetricMATICNEAREdge
Price$0.3762$1.09-
24h Change+0.00%-0.04%MATIC
24h Volume$0$2.99MNEAR
Open Interest$0$7.64MNEAR
Funding Rate (8h)+0.0000%+0.0013%NEAR
Annualized Funding+0.00%+1.37%-

Derivatives Comparison

Funding Rate Comparison

MATIC has a funding rate of +0.0000% (8h), while NEAR sits at +0.0013% (8h).

NEAR has a higher absolute funding rate, meaning longs are paying more to hold positions. This suggests stronger directional conviction in NEAR.

Open Interest Context

MATIC has $0 in open interest with an OI/Volume ratio of 0.00.NEAR has $7.64M with a ratio of 2.55.

NEAR has a higher OI/Volume ratio, indicating more sustained positions relative to trading activity. This typically means traders are holding longer-term directional bets.

Volume Context

MATIC traded $0 in the last 24 hours, while NEAR traded $2.99M.

NEAR is more actively traded, which generally means tighter spreads, better execution, and lower slippage for traders. Higher volume also tends to reflect greater market interest and liquidity.

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Frequently Asked Questions

Polygon (MATIC) and NEAR (NEAR) are both available as perpetual futures on Hyperliquid. They differ in price, market capitalization, trading volume, and funding rates. MATIC currently trades at $0.3762 while NEAR trades at $1.09. Each has its own funding rate dynamics, open interest levels, and volatility profile, making them suitable for different trading strategies.
Currently, NEAR has a higher absolute funding rate (+0.0013% per 8h) compared to MATIC (+0.0000% per 8h). A higher funding rate means traders on the paying side incur greater costs, but it can also present funding rate arbitrage opportunities.
The choice between trading MATIC and NEAR depends on your strategy and risk tolerance. MATIC has a 24h volume of $0 and open interest of $0, while NEAR has $2.99M volume and $7.64M open interest. Higher volume typically means tighter spreads and better execution. Consider each asset's funding rate, volatility, and your own thesis when deciding. You can trade both on Beacon with real-time analytics.
NEAR currently has higher open interest, indicating more capital committed to open positions. MATIC has $0 in open interest while NEAR has $7.64M. Higher open interest generally signals stronger market conviction and can lead to more volatile moves when liquidations cascade. The OI-to-volume ratio also matters - a higher ratio suggests more sustained positioning rather than purely speculative day trading.
Yes, both Polygon (MATIC) and NEAR (NEAR) perpetual futures are available on Hyperliquid and can be traded through Beacon. You can open positions in both assets simultaneously, allowing for pair trades, hedging strategies, or portfolio diversification. Beacon provides real-time data, signals, and analytics for both assets to help inform your trading decisions.

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