NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0344%/8h= +37.6% APRnext payment +$0.43 per $10,000 · paid last 24h −0.032%

Price spread now: Lighter RH against GMX+0.197%7-day average +0.156% · you sell dearer than you buy

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

Long on GMX Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.086%+$9 on $10k

Price spread, last 4 days (all we have)−0.256%−$26 · spread now +0.197%, 7d avg +0.156%

Together, before fees−0.169%+ Points / potential airdropLighter RH: Points live · farm board−$17 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Lighter RH is 0.042% dearer against GMX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.156%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.086% in total (about 9.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.43 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]	4.4423	L +0.0352% / S −0.0235%	pay 0.0044% / 1h	4m 31s	$266K	—	100x
Short	Lighter RH NEAR	4.4511	0.0696	get 0.0087% / 1h	4m 31s	$1.5M	$7.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +0.197%Rate

Funding earned: $72.16
Price spread: +0.197% → +0.156%: $4.17
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: $64.33
Costs to cover: 0.120%
Break-even: 0.8 days

Slippage unknown: GMX: no order-book sample; Lighter RH: 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 Lighter RH live order book, 4 min ago	2.32 bp	3.1 bp −$3	13.5 bp −$135	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	4.4362	−0.137%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.4462	+0.087%	$2.2M	$15.4M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4468	+0.101%	$110K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4580	+0.353%	$584K	$21.8M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4439	+0.035%	$166K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.783%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4380	−0.097%	$115K	$516K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4495	+0.161%	$425K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4377	−0.105%	$272.3M	$1.12B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4321	−0.230%	$222.1M	$428.9M	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	4.4340	−0.187%	$63.5M	$303.9M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4470	+0.105%	$253K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4391	−0.073%	$32.2M	$65.3M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4430	+0.015%	$75.2M	$150.2M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4370	−0.120%	$54.9M	$46.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4371	−0.118%	$73.1M	$131.1M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.4400	−0.052%	—	$147.0M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4486	+0.142%	$8.6M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4994	+1.285%	$270K	$977K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.5311	+1.998%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.5320	+2.019%	$174K	$797K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4400	−0.052%	$256K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4448	+0.056%	$57K	$237K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4530	+0.240%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4425	+0.004%	$8K	$53K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4490	+0.150%	$461K	$4.1M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4500	+0.173%	$3.8M	$8.4M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.4425	+0.004%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4465	+0.094%	$207K	$40K	3x	as long as short
Extended NEAR-USD	+0.0200%	1h	4.4375	−0.108%	$4.0M	$19.4M	25x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4500	+0.173%	$14.0M	$33.4M	75x	as long as short
Aster NEARUSDT	+0.0281%	8h	4.4498	+0.168%	$3.1M	$5.5M	50x	as long as short
GMX NEAR/USD [ETH-USDC]long	L +0.0352% / S −0.0235%	1h	4.4423	long leg	$266K	—	100x
01 Exchange NEARUSD	+0.0384%	1h	4.4405	−0.041%	$13K	$7K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0403%	1h	4.4459	+0.080%	$1.9M	$4.5M	25x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.4480	+0.128%	$215K	$1.8M	10x	as long as short
Nado NEAR-PERP	+0.0481%	1h	4.4336	−0.197%	$1.9M	$3.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0536%	1h	4.4509	+0.193%	$1.4M	$6.7M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0693%	1h	4.4463	+0.090%	$8.2M	$41.3M	50x	as long as short
Lighter RH NEARshort	+0.0696%	1h	4.4511	+0.197%	$1.5M	$7.2M	10x
Hyperliquid NEAR	+0.0759%	1h	4.4402	−0.048%	$369.0M	$325.7M	10x	as long as short
Phoenix NEAR	+0.0855%	1h	4.5453	+2.318%	$1.9M	$2.7M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.4432	+0.019%	$570K	$1.4M	10x	as long as short
Lighter NEAR	+0.1120%	1h	4.4531	+0.243%	$17.9M	$27.1M	15x	as long as short
Aftermath Perps NEARUSD	+0.1646%	1h	4.4963	+1.215%	$6K	$12K	10x	as long as short