NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.1557%/8h= +170.5% APRnext payment +$1.95 per $10,000 · paid last 24h +0.128%

Price spread now: Lighter against GMX+0.619%7-day average +0.179% · you sell dearer than you buy

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

Long on GMX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.277%+$28 on $10k

Price spread, last 3 days (all we have)−0.429%−$43 · spread now +0.619%, 7d avg +0.179%

Together, before fees−0.152%+ Points / potential airdropLighter: Season 3 · farm board−$15 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$47 a day on $10k at the current rate, and Lighter is 0.440% dearer against GMX than usual: you sell high and buy low: +$44 more if the spread goes back to its 7-day average of +0.179%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.277% in total (about 31.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.95 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]	4.2310	L +0.0371% / S −0.0308%	pay 0.0046% / 1h	32m 34s	$270K	—	100x
Short	Lighter NEAR	4.2572	0.1928	get 0.0241% / 1h	32m 34s	$17.0M	$24.1M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.619%Rate

Funding earned: $326.93
Price spread: +0.619% → +0.179%: $43.97
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: $358.9
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; Lighter: live order book, 6 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 Lighter live order book, 6 min ago	2.12 bp	4.7 bp −$5	13.8 bp −$138	77.8 bp −$7,776	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	4.2417	+0.253%	$2K	—	20x	as long as short
Bybit NEARUSDT	−0.0150%	8h	4.2414	+0.246%	$214.7M	$415.0M	75x	as long as short
Kraken Futures PF_NEARUSD	−0.0133%	1h	4.2318	+0.019%	$7.2M	$37.4M	50x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.2307	−0.007%	$2.2M	$12.9M	50x	as long as short
Gate NEAR_USDT	−0.0074%	8h	4.2424	+0.269%	$30.4M	$59.3M	75x	as long as short
01 Exchange NEARUSD	−0.0032%	1h	4.2455	+0.342%	$12K	$7K	10x	as long as short
Variational Omni NEAR	−0.0004%	8h	4.2298	−0.028%	$7.9M	$18.8M	—	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2453	+0.338%	$110K	$64K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2267	−0.102%	$419K	$18.6M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2322	+0.028%	$201K	—	150x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−2.127%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2450	+0.331%	$110K	$480K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0098%	8h	4.2334	+0.057%	$56K	$193K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0099%	8h	4.2416	+0.250%	$31K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2453	+0.338%	$2.9M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.2442	+0.311%	$397K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2450	+0.331%	$251.6M	$1.06B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2420	+0.260%	$59.7M	$275.9M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2450	+0.331%	$194K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2709	+0.944%	$243K	−$0	10x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2430	+0.283%	$77.1M	$140.0M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2470	+0.378%	$55.7M	$43.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2421	+0.262%	$70.3M	$124.6M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.2440	+0.307%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2143	−0.396%	$261K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2147	−0.385%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2520	+0.496%	$178K	$788K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2439	+0.305%	$203K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2380	+0.165%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2325	+0.035%	$5K	$52K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.2450	+0.331%	$455K	$3.6M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2360	+0.118%	$3.8M	$8.6M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2410	+0.236%	$3.8M	$16.9M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2329	+0.045%	$197K	$28K	3x	as long as short
Hyperliquid NEAR	+0.0150%	1h	4.2473	+0.385%	$355.9M	$304.0M	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2320	+0.023%	$13.0M	$28.0M	75x	as long as short
Lighter RH NEAR	+0.0344%	1h	4.2508	+0.468%	$1.6M	$6.9M	10x	as long as short
GMX NEAR/USD [ETH-USDC]long	L +0.0371% / S −0.0308%	1h	4.2310	long leg	$270K	—	100x
Backpack NEAR_USDC_PERP	+0.0385%	1h	4.2453	+0.338%	$1.4M	$5.7M	20x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0411%	1h	4.2359	+0.116%	$1.9M	$3.3M	25x	as long as short
RISEx NEAR/USDC	+0.0428%	1h	4.2461	+0.356%	$402K	$1.2M	10x	as long as short
Nado NEAR-PERP	+0.0493%	1h	4.2411	+0.240%	$1.8M	$3.2M	10x	as long as short
Phoenix NEAR	+0.0499%	1h	4.2201	−0.258%	$1.7M	$2.7M	10x	as long as short
Aftermath Perps NEARUSD	+0.1342%	1h	4.2473	+0.385%	$5K	$12K	10x	as long as short
Lighter NEARshort	+0.1928%	1h	4.2572	+0.619%	$17.0M	$24.1M	15x