NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0393%/8h= +43.0% APRnext payment +$0.49 per $10,000 · paid last 24h +0.090%

Price spread now: Phoenix against GMX−0.376%65s7-day average +0.192% · you buy dearer than you sell

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

Long on GMX Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.242%+$24 on $10k

Price spread, last 4 days (all we have)+0.252%+$25 · spread now −0.376%, 7d avg +0.192%

Together, before fees+0.494%+$49 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phoenix is 0.568% cheaper against GMX than usual: you would sell low and buy high (spread −0.376% now, against its 7-day average of +0.192%). If the spread goes back, that is −$57 on $10k: about 4.8 days of funding at the current rate (+$12 a day). The two prices were read 65 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX NEAR/USD [ETH-USDC]	4.3894	L +0.0348% / S −0.0248%	pay 0.0043% / 1h	48m 07s	$256K	—	100x
Short	Phoenix NEAR	4.3729	0.0740	get 0.0093% / 1h	48m 07s	$1.8M	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.376%Rate

Funding earned: $82.49
Price spread: −0.376% → +0.192%: −$56.79
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $6.69
Costs to cover: 0.190%
Break-even: 6.4 days

Slippage unknown: GMX: no order-book sample; Phoenix: 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 Phoenix live order book, 5 min ago	0.91 bp	11.8 bp −$12	26.9 bp −$269	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
Kraken Futures PF_NEARUSD	−0.0430%	1h	4.3954	+0.137%	$7.3M	$38.6M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.3869	−0.056%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3703	−0.435%	$107K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3920	+0.060%	$164K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.659%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3850	−0.100%	$119K	$503K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.3946	+0.119%	$2.8M	$4.8M	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3956	+0.141%	$221.5M	$429.1M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3970	+0.173%	$62.0M	$298.6M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3810	−0.191%	$229K	$1.5M	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bulk NEAR-USD	+0.0100%	1h	4.3750	−0.328%	$252K	$3K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3972	+0.178%	$36.5M	$61.7M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3990	+0.219%	$53.2M	$45.6M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3970	+0.173%	$72.7M	$127.7M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3688	−0.470%	$9.0M	$18.3M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3651	−0.553%	$253K	$894K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3670	−0.510%	$1.4M	$1.6M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3660	−0.533%	$166K	$816K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3830	−0.146%	$273K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3947	+0.121%	$59K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4000	+0.241%	$2K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3945	+0.116%	$5K	$50K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3950	+0.128%	$3.6M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3736	−0.360%	$32K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3914	+0.046%	$3.6M	$16.0M	25x	as long as short
Hyperliquid NEAR	+0.0110%	1h	4.3998	+0.237%	$354.5M	$317.2M	10x	as long as short
Aevo NEAR-PERP	+0.0112%	1h	4.3950	+0.129%	$204K	$40K	3x	as long as short
Binance NEARUSDT	+0.0121%	8h	4.3981	+0.199%	$265.4M	$1.09B	75x	as long as short
MEXC NEAR_USDT	+0.0122%	8h	4.3960	+0.150%	$92.7M	$153.6M	200x	as long as short
BingX NEAR-USDC	+0.0133%	8h	4.3970	+0.173%	—	$6.6M	—	as long as short
Kalshi KXNEARPERP	+0.0153%	8h	4.3750	−0.328%	$886K	$25.2M	2.2x	as long as short
BloFin NEAR-USDT	+0.0242%	8h	4.3640	−0.579%	$12.5M	$32.2M	75x	as long as short
01 Exchange NEARUSD	+0.0264%	1h	4.3871	−0.052%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0312%	1h	4.3890	−0.009%	$1.7M	$3.2M	10x	as long as short
GMX NEAR/USD [ETH-USDC]long	L +0.0348% / S −0.0248%	1h	4.3894	long leg	$256K	—	100x
Lighter RH NEAR	+0.0376%	1h	4.4018	+0.282%	$1.5M	$6.4M	10x	as long as short
HTX NEAR-USDT	+0.0443%	8h	4.4010	+0.264%	$466K	$3.8M	75x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.3978	+0.191%	$2.3M	$17.2M	50x	as long as short
Lighter NEAR	+0.0552%	1h	4.4015	+0.275%	$17.4M	$23.8M	15x	as long as short
Backpack NEAR_USDC_PERP	+0.0572%	1h	4.4024	+0.296%	$1.1M	$7.2M	20x	as long as short
RISEx NEAR/USDC	+0.0656%	1h	4.3811	−0.189%	$594K	$1.5M	10x	as long as short
Pacifica NEAR	+0.0701%	1h	4.3735	−0.361%	$412K	$1.4M	10x	as long as short
Phoenix NEARshort	+0.0740%	1h	4.3729	−0.376%	$1.8M	$2.4M	10x
Aftermath Perps NEARUSD	+0.1081%	1h	4.3666	−0.518%	$5K	$7K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1571%	1h	4.4010	+0.264%	$1.9M	$13.1M	25x	as long as short