NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0566%/8h= +61.9% APRnext payment +$0.71 per $10,000 · paid last 24h +0.004%

Price spread now: Arcus against GMX+0.179%7-day average +0.084% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on GMX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.115%+$12 on $10k

Price spread, last 4 days (all we have)−0.278%−$28 · spread now +0.179%, 7d avg +0.084%

Together, before fees−0.162%−$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Arcus is 0.095% dearer against GMX than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.084%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.115% in total (about 12.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.71 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	GMX NEAR/USD [ETH-USDC]	4.4211	L +0.0314% / S −0.0197%	pay 0.0039% / 1h	31m 01s	$234K	—	100x
Short	Arcus NEAR-USD	4.4290	0.0880	get 0.0110% / 1h	31m 01s	$225K	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against GMX. 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 GMXbpFee ArcusbpOrdersPrice spread, now +0.179%Rate

Funding earned: $118.77
Price spread: +0.179% → +0.084%: $9.54
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $111.81
Costs to cover: 0.165%
Break-even: 0.4 days

Slippage unknown: GMX: no order-book sample; Arcus: live order book, 3 min ago. 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 GMX no order-book sample	—	—	—	—	—
Sell Arcus live order book, 3 min ago	3.39 bp	6.1 bp −$6	10.7 bp −$107	doesn't fit	doesn't fit

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	4.4213	+0.005%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4316	+0.238%	$109K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4222	+0.025%	$165K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.335%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4240	+0.066%	$111K	$491K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4165	−0.103%	$224.1M	$435.4M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4190	−0.047%	$62.5M	$297.2M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4350	+0.315%	$253K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4233	+0.051%	$35.5M	$61.4M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4260	+0.112%	$53.4M	$46.2M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NEARUSDT	+0.0100%	8h	4.4196	−0.033%	$73.1M	$127.1M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4297	+0.196%	$8.9M	$18.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4331	+0.272%	$259K	$966K	20x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4270	+0.134%	$167K	$805K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4258	+0.107%	$297K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4249	+0.087%	$59K	$236K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4300	+0.202%	$2K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4410	+0.451%	$466K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4270	+0.134%	$3.6M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0105%	8h	4.4310	+0.225%	$32K	$585	10x	as long as short
GRVT NEAR_USDT_Perp	+0.0115%	8h	4.4407	+0.444%	$1.5M	$1.5M	10x	as long as short
Aevo NEAR-PERP	+0.0128%	1h	4.4255	+0.100%	$206K	$38K	3x	as long as short
BingX NEAR-USDT	+0.0194%	8h	4.4160	−0.115%	—	$143.9M	—	as long as short
SoDEX NEAR-USD	+0.0195%	1h	4.4235	+0.055%	$5K	$53K	10x	as long as short
MEXC NEAR_USDT	+0.0196%	8h	4.4190	−0.047%	$80.7M	$147.8M	200x	as long as short
Binance NEARUSDT	+0.0200%	8h	4.4200	−0.024%	$269.8M	$1.09B	75x	as long as short
Extended NEAR-USD	+0.0224%	1h	4.4190	−0.047%	$3.7M	$18.5M	25x	as long as short
Kalshi KXNEARPERP	+0.0267%	8h	4.4316	+0.238%	$1.1M	$25.1M	2.2x	as long as short
GMX NEAR/USD [ETH-USDC]long	L +0.0314% / S −0.0197%	1h	4.4211	long leg	$234K	—	100x
Aster NEARUSDT	+0.0318%	8h	4.4171	−0.090%	$2.8M	$5.0M	50x	as long as short
BloFin NEAR-USDT	+0.0320%	8h	4.4290	+0.179%	$13.8M	$32.7M	75x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0424%	1h	4.4344	+0.302%	$2.3M	$16.7M	50x	as long as short
01 Exchange NEARUSD	+0.0456%	1h	4.4285	+0.168%	$13K	$7K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0459%	1h	4.4258	+0.107%	$1.4M	$6.8M	20x	as long as short
Hyperliquid NEAR	+0.0493%	1h	4.4289	+0.177%	$362.2M	$312.7M	10x	as long as short
Nado NEAR-PERP	+0.0596%	1h	4.4235	+0.055%	$1.7M	$3.2M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0660%	1h	4.4220	+0.022%	$7.3M	$38.4M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0790%	1h	4.4257	+0.105%	$1.9M	$13.1M	25x	as long as short
Lighter NEAR	+0.0864%	1h	4.4300	+0.202%	$17.4M	$25.1M	15x	as long as short
Arcus NEAR-USDshort	+0.0880%	1h	4.4290	+0.179%	$225K	$1.6M	10x
Lighter RH NEAR	+0.0912%	1h	4.4302	+0.207%	$1.5M	$6.7M	10x	as long as short
Phoenix NEAR	+0.1003%	1h	4.4381	+0.385%	$1.8M	$2.5M	10x	as long as short
Pacifica NEAR	+0.1187%	1h	4.4336	+0.283%	$409K	$1.4M	10x	as long as short
RISEx NEAR/USDC	+0.1259%	1h	4.4279	+0.154%	$668K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1273%	1h	4.4381	+0.385%	$6K	$12K	10x	as long as short