Funding you earn now, next payment 06:00 UTC−0.0212%/8h= −23.2% APRpaid last 24h −0.072%
Price spread now: GRVT against GMX+0.238%7-day average −0.042% · 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)−0.227%−$23 on $10k
+Price spread, last 4 days (all we have)−0.241%−$24 · spread now +0.238%, 7d avg −0.042%
=Together, before fees−0.468%+ Points / potential airdropGRVT: Active · farm board−$47 on $10k · with fees, hour by hour
The price spread pays, funding is against you. GRVT is 0.280% dearer against GMX than usual: you sell high and buy low (spread +0.238% now, against its 7-day average of −0.042%): +$28 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 4.4 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX NEAR/USD [ETH-USDC] | 4.3488 | L +0.0312% / S −0.0201% | pay 0.0039% / 1h | 13m 01s | $233K | — | 100x |
| Short | GRVT NEAR_USDT_Perp | 4.3591 | 0.0100 | get 0.0100% / 8h | 2h 13m | $1.4M | $1.5M | 10x |
GMX NEAR/USD [ETH-USDC]
GRVT NEAR_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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
- −$44.55
- Price spread: +0.238% → −0.042%
- $28.05
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$37.5
- Costs to cover
- 0.210%
- Break-even
- from the start
Slippage unknown: GMX: no order-book sample; GRVT: 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 GRVT live order book, 5 min ago | 2.31 bp | 7.9 bp −$8 | 15.8 bp −$158 | 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 | 4.3530 | +0.098% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3575 | +0.201% | $107K | $68K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.3490 | +0.005% | $164K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −4.778% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3600 | +0.258% | $115K | $498K | 50x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3463 | −0.057% | $217.6M | $420.3M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3460 | −0.064% | $61.4M | $289.2M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3050 | −1.007% | $245K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3507 | +0.044% | $33.1M | $60.5M | 75x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3540 | +0.120% | $52.5M | $46.1M | 75x | as long as short |
Reya NEARRUSDPERP
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Bulk NEAR-USD
Gate NEAR_USDT
KuCoin NEARUSDTMShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget NEARUSDT | +0.0100% | 8h | 4.3512 | +0.056% | $71.8M | $126.2M | 75x | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.3478 | −0.023% | $8.5M | $18.2M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3566 | +0.180% | $254K | $967K | 20x | as long as short |
| GRVT NEAR_USDT_Perpshort | +0.0100% | 8h | 4.3591 | +0.238% | $1.4M | $1.5M | 10x | |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3617 | +0.297% | $279K | $4.0M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.3542 | +0.125% | $57K | $243K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3670 | +0.419% | $2K | $1.3M | 20x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.3700 | +0.488% | $471K | $4.0M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3510 | +0.051% | $3.6M | $8.3M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.3547 | +0.136% | $31K | $608 | 10x | as long as short |
| BingX NEAR-USDC | +0.0105% | 8h | 4.3510 | +0.051% | — | $6.6M | — | as long as short |
| Aevo NEAR-PERP | +0.0112% | 1h | 4.3550 | +0.143% | $202K | $37K | 3x | as long as short |
| MEXC NEAR_USDT | +0.0115% | 8h | 4.3570 | +0.189% | $82.3M | $145.6M | 200x | as long as short |
| Binance NEARUSDT | +0.0119% | 8h | 4.3510 | +0.051% | $264.8M | $1.09B | 75x | as long as short |
| BloFin NEAR-USDT | +0.0239% | 8h | 4.3520 | +0.074% | $13.3M | $31.9M | 75x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0256% | 1h | 4.3556 | +0.157% | $2.3M | $16.2M | 50x | as long as short |
| GMX NEAR/USD [ETH-USDC]long | L +0.0312% / S −0.0201% | 1h | 4.3488 | long leg | $233K | — | 100x | |
| Kalshi KXNEARPERP | +0.0312% | 8h | 4.3577 | +0.205% | $994K | $24.7M | 2.2x | as long as short |
| Aster NEARUSDT | +0.0336% | 8h | 4.3500 | +0.028% | $2.8M | $5.2M | 50x | as long as short |
| Nado NEAR-PERP | +0.0394% | 1h | 4.3540 | +0.119% | $1.7M | $3.2M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0435% | 1h | 4.3520 | +0.074% | $167K | $795K | 50x | as long as short |
| Extended NEAR-USD | +0.0504% | 1h | 4.3498 | +0.023% | $3.7M | $19.4M | 25x | as long as short |
| SoDEX NEAR-USD | +0.0543% | 1h | 4.3505 | +0.040% | $5K | $52K | 10x | as long as short |
| Hyperliquid NEAR | +0.0656% | 1h | 4.3561 | +0.168% | $357.8M | $311.1M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0688% | 1h | 4.3534 | +0.106% | $1.3M | $6.6M | 20x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0693% | 1h | 4.3535 | +0.109% | $1.9M | $11.7M | 25x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0727% | 1h | 4.3492 | +0.010% | $7.3M | $39.1M | 50x | as long as short |
| 01 Exchange NEARUSD | +0.0736% | 1h | 4.3659 | +0.394% | $13K | $7K | 10x | as long as short |
| Arcus NEAR-USD | +0.0814% | 1h | 4.3610 | +0.281% | $226K | $1.6M | 10x | as long as short |
| Pacifica NEAR | +0.0847% | 1h | 4.3596 | +0.249% | $399K | $1.3M | 10x | as long as short |
| Lighter NEAR | +0.0920% | 1h | 4.3585 | +0.223% | $17.1M | $25.2M | 15x | as long as short |
| Phoenix NEAR | +0.1033% | 1h | 4.3660 | +0.396% | $1.8M | $2.5M | 10x | as long as short |
| Lighter RH NEAR | +0.1112% | 1h | 4.3588 | +0.230% | $1.5M | $7.4M | 10x | as long as short |
| RISEx NEAR/USDC | +0.1220% | 1h | 4.3602 | +0.263% | $691K | $1.3M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1317% | 1h | 4.3417 | −0.163% | $5K | $12K | 10x | as long as short |
Bitget NEARUSDT
Variational Omni NEAR
edgeX NEARUSDC
Polymarket Perps NEAR-USD
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
HTX NEAR-USDT
Phemex NEARUSDT
Paradex NEAR-USD-PERP
BingX NEAR-USDC
Aevo NEAR-PERP
MEXC NEAR_USDT
Binance NEARUSDT
BloFin NEAR-USDT
Coinbase International NEAR-PERP-INTX
Kalshi KXNEARPERP
Aster NEARUSDT
Nado NEAR-PERP
ApeX Omni NEARUSDT
Extended NEAR-USD
SoDEX NEAR-USD
Hyperliquid NEAR
Backpack NEAR_USDC_PERP
Deribit NEAR_USDC-PERPETUAL
Kraken Futures PF_NEARUSD
01 Exchange NEARUSD
Arcus NEAR-USD
Pacifica NEAR
Lighter NEAR
Phoenix NEAR
Lighter RH NEAR
RISEx NEAR/USDC
Aftermath Perps NEARUSD