Funding you earn now, next payment 23:00 UTC+0.0228%/8h= +25.0% APRnext payment +$0.28 per $10,000 · paid last 24h −0.133%
Price spread now: GMX against Arcus−0.067%7-day average −0.090% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.079%−$8 on $10k
+Price spread, last 3 days (all we have)+0.361%+$36 · spread now −0.067%, 7d avg −0.090%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and GMX is 0.024% dearer against Arcus than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.090%. Mind the row above: over the last 3 days funding on this pair cost −0.079%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus NEAR-USD | 4.1730 | 0.0100 | pay 0.0013% / 1h | 27m 23s | $240K | $1.7M | 10x |
| Short | GMX NEAR/USD [ETH-USDC] | 4.1702 | L +0.0381% / S −0.0328% | get 0.0041% / 1h | 27m 23s | $281K | — | 100x |
Arcus NEAR-USD
GMX NEAR/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Arcus. 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
- $47.87
- Price spread: −0.067% → −0.090%
- $2.37
- Slippage, 4 orders
- no order book: not counted
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $33.74
- Costs to cover
- 0.165%
- Break-even
- 2.1 days
Slippage unknown: Arcus: live order book, 2 min ago; GMX: no order-book sample. 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 Arcus live order book, 2 min ago | 1.20 bp | 3.5 bp −$3 | 5.0 bp −$50 | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: 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 | 4.1683 | −0.113% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0032% | 1h | 4.1674 | −0.134% | $2.1M | $12.6M | 50x | as long as short |
| Injective NEAR/USDC PERP | −0.0002% | 1h | 4.1410 | −0.767% | $578 | $302K | 12x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.1682 | −0.114% | $108K | $58K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.1684 | −0.110% | $430K | $18.5M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.1701 | −0.069% | $206K | — | 150x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0048% | 1h | 4.1778 | +0.115% | $7.6M | $36.8M | 50x | as long as short |
| Lighter RH NEAR | +0.0096% | 1h | 4.1750 | +0.048% | $1.5M | $7.0M | 10x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.1710 | −0.048% | $111K | $482K | 50x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0099% | 8h | 4.1746 | +0.038% | $53K | $158K | 20x | as long as short |
Reya NEARRUSDPERP
Coinbase International NEAR-PERP-INTX
Injective NEAR/USDC PERP
dYdX NEAR-USD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
Kraken Futures PF_NEARUSD
Lighter RH NEAR
Popdex NEARUSDT
Orderly PERP_NEAR_USDCShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.1694 | −0.085% | $30K | $647 | 10x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.1744 | +0.033% | $2.9M | $5.7M | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.1708 | −0.053% | $360K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.1708 | −0.053% | $238.9M | $1.07B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.1680 | −0.120% | $212.7M | $423.1M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.1710 | −0.048% | $57.6M | $276.0M | 50x | as long as short |
| Arcus NEAR-USDlong | +0.0100% | 1h | 4.1730 | long leg | $240K | $1.7M | 10x | |
| Gate NEAR_USDT | +0.0100% | 8h | 4.1698 | −0.077% | $29.9M | $57.4M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.1710 | −0.048% | $82.3M | $141.9M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.1710 | −0.048% | $54.9M | $44.4M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.1740 | +0.024% | $69.1M | $125.4M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.1690 | −0.096% | — | $6.6M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.1650 | −0.192% | $7.7M | $18.4M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.1652 | −0.186% | $238K | $1.2M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.1653 | −0.184% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.1670 | −0.144% | $174K | $794K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.1726 | −0.010% | $205K | $3.2M | 10x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.1740 | +0.024% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.1750 | +0.048% | $5K | $46K | 10x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.1740 | +0.024% | $3.8M | $8.2M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.1600 | −0.312% | $237K | $2K | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.1725 | −0.011% | $3.8M | $14.7M | 25x | as long as short |
| 01 Exchange NEARUSD | +0.0104% | 1h | 4.1766 | +0.086% | $12K | $7K | 10x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.1755 | +0.060% | $201K | $62K | 3x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.1650 | −0.192% | $12.3M | $31.6M | 75x | as long as short |
| Hyperliquid NEAR | +0.0351% | 1h | 4.1746 | +0.038% | $352.4M | $299.0M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0364% | 1h | 4.1761 | +0.073% | $410K | $1.2M | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC]short | L +0.0381% / S −0.0328% | 1h | 4.1702 | −0.067% | $281K | — | 100x | |
| Deribit NEAR_USDC-PERPETUAL | +0.0421% | 1h | 4.1776 | +0.110% | $1.8M | $2.2M | 25x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0435% | 1h | 4.1778 | +0.115% | $1.2M | $5.7M | 20x | as long as short |
| Nado NEAR-PERP | +0.0542% | 1h | 4.1705 | −0.060% | $1.8M | $3.5M | 10x | as long as short |
| Phoenix NEAR | +0.0542% | 1h | 4.1861 | +0.314% | $1.7M | $2.7M | 10x | as long as short |
| Lighter NEAR | +0.0584% | 1h | 4.1795 | +0.157% | $16.0M | $23.3M | 15x | as long as short |
| Aftermath Perps NEARUSD | +0.0890% | 1h | 4.1778 | +0.116% | $5K | $11K | 10x | as long as short |
| HTX NEAR-USDT | +0.0969% | 8h | 4.1750 | +0.048% | $446K | $3.6M | 75x | as long as short |
Paradex NEAR-USD-PERP
Aster NEARUSDT
Pacifica NEAR
Binance NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDC
Variational Omni NEAR
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
SunX NEAR-USDT
SoDEX NEAR-USD
Phemex NEARUSDT
Bulk NEAR-USD
Extended NEAR-USD
01 Exchange NEARUSD
Aevo NEAR-PERP
BloFin NEAR-USDT
Hyperliquid NEAR
RISEx NEAR/USDC
Deribit NEAR_USDC-PERPETUAL
Backpack NEAR_USDC_PERP
Nado NEAR-PERP
Phoenix NEAR
Lighter NEAR
Aftermath Perps NEARUSD
HTX NEAR-USDT