NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0268%/8h= +29.4% APRnext payment +$0.34 per $10,000 · paid last 24h +0.020%

Price spread now: Kraken Futures against GMX−0.232%7-day average +0.044% · you buy dearer than you sell

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

Long on GMX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.004%$0 on $10k

Price spread, last 4 days (all we have)+0.319%+$32 · spread now −0.232%, 7d avg +0.044%

Together, before fees+0.315%+$32 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.276% cheaper against GMX than usual: you would sell low and buy high (spread −0.232% now, against its 7-day average of +0.044%). If the spread goes back, that is −$28 on $10k: about 3.4 days of funding at the current rate (+$8 a day).

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.004% in total (about -0.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.34 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]	4.4191	L +0.0321% / S −0.0190%	pay 0.0040% / 1h	15m 12s	$234K	—	100x
Short	Kraken Futures PF_NEARUSD	4.4088	0.0589	get 0.0074% / 1h	15m 12s	$8.1M	$39.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.232%Rate

Funding earned: $56.37
Price spread: −0.232% → +0.044%: −$27.56
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $6.81
Costs to cover: 0.220%
Break-even: 6.2 days

Slippage unknown: GMX: no order-book sample; Kraken Futures: live order book, 4 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 Kraken Futures live order book, 4 min ago	10.61 bp	16.6 bp −$17	18.7 bp −$187	51.8 bp −$5,175	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	4.4012	−0.405%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0008%	1h	4.4070	−0.273%	$2.2M	$15.5M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4104	−0.196%	$109K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4131	−0.135%	$619K	$22.3M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4149	−0.096%	$165K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.293%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4110	−0.183%	$113K	$519K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4133	−0.130%	$419K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4113	−0.176%	$271.3M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4030	−0.364%	$221.6M	$425.0M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4010	−0.409%	$62.9M	$298.9M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4098	−0.209%	$251K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4173	−0.040%	$32.1M	$64.2M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4120	−0.160%	$74.6M	$150.0M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4090	−0.228%	$54.6M	$46.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4016	−0.395%	$72.3M	$130.6M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.4180	−0.024%	—	$6.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4137	−0.121%	$8.6M	$18.1M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4270	+0.179%	$266K	$980K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4260	+0.157%	$1.5M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4210	+0.044%	$170K	$801K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4112	−0.178%	$244K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4154	−0.083%	$56K	$227K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4200	+0.021%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4230	+0.089%	$458K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4160	−0.070%	$3.8M	$8.4M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4116	−0.169%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4123	−0.154%	$205K	$40K	3x	as long as short
SoDEX NEAR-USD	+0.0159%	1h	4.4055	−0.307%	$8K	$52K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4190	−0.002%	$13.8M	$32.9M	75x	as long as short
Aster NEARUSDT	+0.0309%	8h	4.4100	−0.205%	$3.0M	$5.5M	50x	as long as short
GMX NEAR/USD [ETH-USDC]long	L +0.0321% / S −0.0190%	1h	4.4191	long leg	$234K	—	100x
Backpack NEAR_USDC_PERP	+0.0327%	1h	4.4171	−0.045%	$1.4M	$6.5M	20x	as long as short
01 Exchange NEARUSD	+0.0336%	1h	4.4164	−0.060%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0355%	1h	4.4149	−0.094%	$364.2M	$324.8M	10x	as long as short
Extended NEAR-USD	+0.0416%	1h	4.4092	−0.223%	$3.9M	$19.6M	25x	as long as short
Nado NEAR-PERP	+0.0549%	1h	4.4061	−0.293%	$1.9M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0581%	1h	4.4180	−0.024%	$219K	$1.8M	10x	as long as short
Kraken Futures PF_NEARUSDshort	+0.0589%	1h	4.4088	−0.232%	$8.1M	$39.6M	50x
Lighter RH NEAR	+0.0656%	1h	4.4144	−0.106%	$1.5M	$7.2M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0724%	1h	4.4167	−0.054%	$2.0M	$7.3M	25x	as long as short
Phoenix NEAR	+0.0794%	1h	4.4322	+0.297%	$1.8M	$2.8M	10x	as long as short
RISEx NEAR/USDC	+0.0926%	1h	4.4178	−0.029%	$594K	$1.4M	10x	as long as short
Lighter NEAR	+0.0960%	1h	4.4190	−0.001%	$17.8M	$26.5M	15x	as long as short
Aftermath Perps NEARUSD	+0.1574%	1h	4.4184	−0.016%	$5K	$12K	10x	as long as short