NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0236%/8h= +25.9% APRnext payment +$0.30 per $10,000 · paid last 24h +0.101%

Price spread now: Hyperliquid against GMX+0.178%7-day average +0.131% · you sell dearer than you buy

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

Long on GMX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.090%+$9 on $10k

Price spread, last 3 days (all we have)−0.169%−$17 · spread now +0.178%, 7d avg +0.131%

Together, before fees−0.078%+ Points / potential airdropHyperliquid: Season 2 · farm board−$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Hyperliquid is 0.047% dearer against GMX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.131%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX NEAR/USD [ETH-USDC]	4.2785	L +0.0377% / S −0.0316%	pay 0.0047% / 1h	6m 08s	$275K	—	100x
Short	Hyperliquid NEAR	4.2861	0.0613	get 0.0077% / 1h	6m 08s	$365.5M	$300.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.178%Rate

Funding earned: $49.62
Price spread: +0.178% → +0.131%: $4.72
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $33.33
Costs to cover: 0.210%
Break-even: 2.3 days

Slippage unknown: GMX: no order-book sample; Hyperliquid: live order book, 8 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 Hyperliquid live order book, 8 min ago	0.12 bp	9.4 bp −$9	doesn't fit	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	4.2729	−0.130%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0072%	1h	4.2773	−0.027%	$2.2M	$13.2M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2729	−0.129%	$111K	$62K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2777	−0.018%	$368K	$18.7M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2791	+0.015%	$203K	—	150x	as long as short
Variational Omni NEAR	+0.0032%	8h	4.2749	−0.083%	$7.8M	$18.5M	—	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.213%	$578	$302K	12x	as long as short
Bybit NEARUSDT	+0.0043%	8h	4.2770	−0.034%	$217.7M	$421.8M	75x	as long as short
01 Exchange NEARUSD	+0.0064%	1h	4.2766	−0.044%	$13K	$7K	10x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2760	−0.058%	$110K	$497K	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2791	+0.015%	$57K	$194K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2730	−0.129%	$31K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2790	+0.013%	$3.0M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.2740	−0.104%	$400K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2799	+0.034%	$253.4M	$1.08B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2780	−0.011%	$60.7M	$286.3M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2770	−0.034%	$196K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2757	−0.064%	$244K	$2K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2793	+0.019%	$30.9M	$60.7M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2760	−0.058%	$78.5M	$142.7M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2800	+0.036%	$55.8M	$43.4M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2790	+0.012%	$71.0M	$126.1M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.2780	−0.011%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2757	−0.064%	$244K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2740	−0.104%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2750	−0.081%	$179K	$792K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2760	−0.058%	$194K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2810	+0.059%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2783	−0.004%	$4K	$54K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2790	+0.012%	$3.8M	$8.5M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2740	−0.104%	$3.8M	$16.4M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2785	+0.001%	$202K	$66K	3x	as long as short
Kraken Futures PF_NEARUSD	+0.0118%	1h	4.2819	+0.081%	$7.6M	$37.5M	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2760	−0.058%	$13.0M	$29.3M	75x	as long as short
Lighter RH NEAR	+0.0328%	1h	4.2858	+0.171%	$1.6M	$7.1M	10x	as long as short
GMX NEAR/USD [ETH-USDC]long	L +0.0377% / S −0.0316%	1h	4.2785	long leg	$275K	—	100x
RISEx NEAR/USDC	+0.0404%	1h	4.2779	−0.014%	$420K	$1.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0445%	1h	4.2853	+0.160%	$1.4M	$5.6M	20x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0451%	1h	4.2818	+0.078%	$1.9M	$2.7M	25x	as long as short
Phoenix NEAR	+0.0463%	1h	4.2832	+0.111%	$1.8M	$2.7M	10x	as long as short
Hyperliquid NEARshort	+0.0613%	1h	4.2861	+0.178%	$365.5M	$300.9M	10x
Nado NEAR-PERP	+0.0660%	1h	4.2736	−0.114%	$1.9M	$3.4M	10x	as long as short
HTX NEAR-USDT	+0.0751%	8h	4.2830	+0.106%	$457K	$3.7M	75x	as long as short
Aftermath Perps NEARUSD	+0.1160%	1h	4.2836	+0.121%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1776%	1h	4.2932	+0.344%	$16.9M	$24.6M	15x	as long as short