Funding you earn now, next payment 02:00 UTC−0.0077%/8h= −8.5% APRnext payment −$0.10 per $10,000 · paid last 24h +0.022%
Price spread now: GMX against Deribit+0.476%54s7-day average −0.077% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.051%+$5 on $10k
+Price spread, last 3 days (all we have)−0.538%−$54 · spread now +0.476%, 7d avg −0.077%
=The price spread pays, funding is against you. GMX is 0.552% dearer against Deribit than usual: you sell high and buy low (spread +0.476% now, against its 7-day average of −0.077%): +$55 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 24 days. Mind the row above: over the last 3 days funding on this pair paid +0.051%, so the current rate has only just turned against you. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit NEAR_USDC-PERPETUAL | 4.4500 | 0.0335 | pay 0.0042% / 1h | 21m 28s | $1.9M | $4.2M | 25x |
| Short | GMX NEAR/USD [ETH-USDC] | 4.4712 | L +0.0361% / S −0.0258% | get 0.0032% / 1h | 21m 28s | $270K | — | 100x |
Deribit NEAR_USDC-PERPETUAL
GMX NEAR/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Deribit. 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
- −$16.21
- Price spread: +0.476% → −0.077%
- $55.21
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $20
- Costs to cover
- 0.190%
- Break-even
- from the start
Slippage unknown: Deribit: live order book, 3 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 Deribit live order book, 3 min ago | 4.99 bp | 8.7 bp −$9 | 15.7 bp −$157 | 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 44 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 | 4.4701 | +0.452% | $2K | — | 20x | as long as short |
| Phemex NEARUSDT | −0.0170% | 8h | 4.4450 | −0.112% | $3.9M | $8.2M | 50x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0064% | 1h | 4.4448 | −0.117% | $2.2M | $14.5M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.4556 | +0.125% | $110K | $70K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.4561 | +0.137% | $703K | $19.7M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.4743 | +0.546% | $198K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −6.944% | $578 | $302K | 12x | as long as short |
| Variational Omni NEAR | +0.0072% | 8h | 4.3998 | −1.129% | $8.6M | $18.6M | — | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.4690 | +0.427% | $112K | $487K | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.4615 | +0.257% | $422K | $1.2M | 10x | as long as short |
Reya NEARRUSDPERP
Phemex NEARUSDT
Coinbase International NEAR-PERP-INTX
dYdX NEAR-USD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Variational Omni NEAR
Popdex NEARUSDT
Pacifica NEARShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance NEARUSDT | +0.0100% | 8h | 4.4777 | +0.623% | $271.5M | $1.08B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.4749 | +0.560% | $226.6M | $422.2M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.4750 | +0.562% | $63.8M | $294.0M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.4700 | +0.449% | $213K | $1.7M | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.4050 | −1.011% | $251K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.4729 | +0.515% | $32.4M | $62.1M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.4740 | +0.539% | $76.7M | $141.6M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.4740 | +0.539% | $55.2M | $43.0M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.4757 | +0.578% | $73.8M | $125.7M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.4750 | +0.562% | — | $6.6M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.4177 | −0.725% | $273K | $1.0M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.4339 | −0.362% | $1.5M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.4180 | −0.719% | $183K | $763K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.4737 | +0.533% | $218K | $3.5M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.4744 | +0.548% | $62K | $190K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.4560 | +0.135% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.4465 | −0.079% | $5K | $51K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.4520 | +0.045% | $456K | $3.9M | 75x | as long as short |
| Paradex NEAR-USD-PERP | +0.0102% | 8h | 4.4653 | +0.343% | $32K | $608 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.4642 | +0.319% | $3.9M | $18.5M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.4815 | +0.708% | $209K | $34K | 3x | as long as short |
| Aster NEARUSDT | +0.0181% | 8h | 4.4730 | +0.517% | $3.1M | $5.8M | 50x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0213% | 1h | 4.4473 | −0.061% | $8.1M | $40.8M | 50x | as long as short |
| Deribit NEAR_USDC-PERPETUALlong | +0.0335% | 1h | 4.4500 | long leg | $1.9M | $4.2M | 25x | |
| GMX NEAR/USD [ETH-USDC]short | L +0.0361% / S −0.0258% | 1h | 4.4712 | +0.476% | $270K | — | 100x | |
| Nado NEAR-PERP | +0.0362% | 1h | 4.4687 | +0.421% | $1.9M | $3.1M | 10x | as long as short |
| 01 Exchange NEARUSD | +0.0416% | 1h | 4.4723 | +0.501% | $13K | $7K | 10x | as long as short |
| RISEx NEAR/USDC | +0.0509% | 1h | 4.4700 | +0.449% | $564K | $1.3M | 10x | as long as short |
| Phoenix NEAR | +0.0592% | 1h | 4.4597 | +0.218% | $1.8M | $2.6M | 10x | as long as short |
| Lighter RH NEAR | +0.0832% | 1h | 4.4649 | +0.335% | $1.7M | $7.0M | 10x | as long as short |
| Hyperliquid NEAR | +0.0907% | 1h | 4.4793 | +0.658% | $378.6M | $307.3M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0954% | 1h | 4.4513 | +0.029% | $1.4M | $6.1M | 20x | as long as short |
| Aftermath Perps NEARUSD | +0.1542% | 1h | 4.4272 | −0.512% | $6K | $12K | 10x | as long as short |
| Lighter NEAR | +0.1688% | 1h | 4.4771 | +0.609% | $17.9M | $25.4M | 15x | as long as short |
Binance NEARUSDT
Bybit 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
HTX NEAR-USDT
Paradex NEAR-USD-PERP
Extended NEAR-USD
Aevo NEAR-PERP
Aster NEARUSDT
Kraken Futures PF_NEARUSD
Nado NEAR-PERP
01 Exchange NEARUSD
RISEx NEAR/USDC
Phoenix NEAR
Lighter RH NEAR
Hyperliquid NEAR
Backpack NEAR_USDC_PERP
Aftermath Perps NEARUSD
Lighter NEAR