Funding you earn now, next payment 09:00 UTC−0.0245%/8h= −26.8% APRpaid last 24h −0.083%
Price spread now: Bybit against GMX−0.089%7-day average −0.026% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.244%−$24 on $10k
+Price spread, last 4 days (all we have)−0.035%−$3 · spread now −0.089%, 7d avg −0.026%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Bybit is 0.063% cheaper against GMX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.026%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX NEAR/USD [ETH-USDC] | 4.3651 | L +0.0345% / S −0.0246% | pay 0.0043% / 1h | 54m 10s | $255K | — | 100x |
| Short | Bybit NEARUSDT | 4.3612 | 0.0100 | get 0.0100% / 8h | 7h 54m | $220.1M | $429.3M | 75x |
GMX NEAR/USD [ETH-USDC]
Bybit NEARUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against GMX. 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
- −$51.47
- Price spread: −0.089% → −0.026%
- −$6.28
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$80.75
- Costs to cover
- 0.230%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Bybit: live order book, 5 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 Bybit live order book, 5 min ago | 1.14 bp | 8.1 bp −$8 | 13.1 bp −$131 | 35.7 bp −$3,572 | 156.9 bp −$78.4K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex NEARUSDT | −0.0628% | 8h | 4.3620 | −0.071% | $3.5M | $8.2M | 50x | as long as short |
| Kraken Futures PF_NEARUSD | −0.0433% | 1h | 4.3628 | −0.053% | $7.2M | $38.6M | 50x | as long as short |
| Reya NEARRUSDPERP | −0.0171% | 1h | 4.3638 | −0.029% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3728 | +0.177% | $108K | $68K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.3618 | −0.075% | $163K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −5.134% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3700 | +0.112% | $115K | $500K | 50x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.3660 | +0.021% | $2.7M | $4.8M | 50x | as long as short |
| Bybit NEARUSDTshort | +0.0100% | 8h | 4.3612 | −0.089% | $220.1M | $429.3M | 75x | |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3610 | −0.094% | $61.5M | $296.2M | 50x | as long as short |
Phemex NEARUSDT
Kraken Futures PF_NEARUSD
Reya NEARRUSDPERP
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Aster NEARUSDT
OKX NEAR-USDT-SWAPShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus NEAR-USD | +0.0100% | 1h | 4.3700 | +0.112% | $229K | $1.5M | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3688 | +0.085% | $252K | $3K | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3660 | +0.021% | $36.1M | $61.6M | 75x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3630 | −0.048% | $52.9M | $45.9M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3634 | −0.039% | $72.1M | $127.6M | 75x | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.3578 | −0.168% | $8.9M | $18.5M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3672 | +0.048% | $253K | $892K | 20x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3710 | +0.135% | $167K | $815K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3666 | +0.035% | $272K | $4.1M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.3646 | −0.011% | $58K | $235K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3720 | +0.158% | $2K | $1.3M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.3640 | −0.025% | $5K | $50K | 10x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.3690 | +0.089% | $32K | $585 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.3611 | −0.092% | $3.6M | $16.2M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0112% | 1h | 4.3644 | −0.016% | $203K | $40K | 3x | as long as short |
| MEXC NEAR_USDT | +0.0132% | 8h | 4.3620 | −0.071% | $90.1M | $152.8M | 200x | as long as short |
| Binance NEARUSDT | +0.0133% | 8h | 4.3656 | +0.013% | $263.5M | $1.09B | 75x | as long as short |
| BingX NEAR-USDT | +0.0138% | 8h | 4.3620 | −0.071% | — | $83.0M | — | as long as short |
| Kalshi KXNEARPERP | +0.0159% | 8h | 4.3703 | +0.119% | $911K | $25.1M | 2.2x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0250% | 8h | 4.3771 | +0.276% | $1.4M | $1.6M | 10x | as long as short |
| BloFin NEAR-USDT | +0.0253% | 8h | 4.3670 | +0.044% | $13.4M | $32.2M | 75x | as long as short |
| Hyperliquid NEAR | +0.0271% | 1h | 4.3686 | +0.080% | $352.3M | $316.2M | 10x | as long as short |
| 01 Exchange NEARUSD | +0.0312% | 1h | 4.3709 | +0.133% | $13K | $7K | 10x | as long as short |
| Nado NEAR-PERP | +0.0329% | 1h | 4.3645 | −0.012% | $1.7M | $3.2M | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC]long | L +0.0345% / S −0.0246% | 1h | 4.3651 | long leg | $255K | — | 100x | |
| Lighter RH NEAR | +0.0376% | 1h | 4.3674 | +0.053% | $1.5M | $6.4M | 10x | as long as short |
| HTX NEAR-USDT | +0.0436% | 8h | 4.3770 | +0.273% | $463K | $3.8M | 75x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0488% | 1h | 4.3634 | −0.039% | $2.3M | $17.0M | 50x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0570% | 1h | 4.3648 | −0.007% | $1.1M | $7.2M | 20x | as long as short |
| RISEx NEAR/USDC | +0.0656% | 1h | 4.3691 | +0.092% | $594K | $1.5M | 10x | as long as short |
| Lighter NEAR | +0.0680% | 1h | 4.3693 | +0.097% | $17.2M | $23.8M | 15x | as long as short |
| Pacifica NEAR | +0.0701% | 1h | 4.3728 | +0.178% | $412K | $1.4M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0759% | 1h | 4.3667 | +0.037% | $1.9M | $13.1M | 25x | as long as short |
| Phoenix NEAR | +0.0949% | 1h | 4.3754 | +0.236% | $1.8M | $2.4M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1098% | 1h | 4.3686 | +0.081% | $5K | $7K | 10x | as long as short |
Arcus NEAR-USD
Bulk NEAR-USD
Gate NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
Variational Omni NEAR
edgeX NEARUSDC
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
SoDEX NEAR-USD
Paradex NEAR-USD-PERP
Extended NEAR-USD
Aevo NEAR-PERP
MEXC NEAR_USDT
Binance NEARUSDT
BingX NEAR-USDT
Kalshi KXNEARPERP
GRVT NEAR_USDT_Perp
BloFin NEAR-USDT
Hyperliquid NEAR
01 Exchange NEARUSD
Nado NEAR-PERP
Lighter RH NEAR
HTX NEAR-USDT
Coinbase International NEAR-PERP-INTX
Backpack NEAR_USDC_PERP
RISEx NEAR/USDC
Lighter NEAR
Pacifica NEAR
Deribit NEAR_USDC-PERPETUAL
Phoenix NEAR
Aftermath Perps NEARUSD