NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0261%/8h= −28.6% APRnext payment −$0.33 per $10,000 · paid last 24h −0.077%

Price spread now: Polymarket Perps against GMX+0.057%7-day average +0.019% · you sell dearer than you buy

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

Long on GMX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.216%−$22 on $10k

Price spread, last 3 days (all we have)−0.203%−$20 · spread now +0.057%, 7d avg +0.019%

Together, before fees−0.418%−$42 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.038% dearer against GMX than usual: you sell high and buy low (spread +0.057% now, against its 7-day average of +0.019%): +$4 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 12 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX NEAR/USD [ETH-USDC]	4.4712	L +0.0361% / S −0.0258%	pay 0.0045% / 1h	21m 20s	$270K	—	100x
Short	Polymarket Perps NEAR-USD	4.4737	0.0100	get 0.0013% / 1h	21m 20s	$218K	$3.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.057%Rate

Funding earned: −$54.78
Price spread: +0.057% → +0.019%: $3.76
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$71.03
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Polymarket Perps: live order book, 3 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 Polymarket Perps live order book, 3 min ago	3.18 bp	7.2 bp −$7	20.5 bp −$205	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 44 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	4.4701	−0.023%	$2K	—	20x	as long as short
Phemex NEARUSDT	−0.0170%	8h	4.4450	−0.585%	$3.9M	$8.2M	50x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0064%	1h	4.4448	−0.590%	$2.2M	$14.5M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4556	−0.349%	$110K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4561	−0.337%	$703K	$19.7M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.4743	+0.070%	$198K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.384%	$578	$302K	12x	as long as short
Variational Omni NEAR	+0.0072%	8h	4.3998	−1.597%	$8.6M	$18.6M	—	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4690	−0.048%	$112K	$487K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4615	−0.217%	$422K	$1.2M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance NEARUSDT	+0.0100%	8h	4.4777	+0.147%	$271.5M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4749	+0.084%	$226.6M	$422.2M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4750	+0.086%	$63.8M	$294.0M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.4700	−0.026%	$213K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4050	−1.480%	$251K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4729	+0.039%	$32.4M	$62.1M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4740	+0.063%	$76.7M	$141.6M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4740	+0.063%	$55.2M	$43.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4757	+0.102%	$73.8M	$125.7M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.4750	+0.086%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4177	−1.195%	$273K	$1.0M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4339	−0.833%	$1.5M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4180	−1.189%	$183K	$763K	50x	as long as short
Polymarket Perps NEAR-USDshort	+0.0100%	1h	4.4737	+0.057%	$218K	$3.5M	10x
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4744	+0.072%	$62K	$190K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4560	−0.339%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4465	−0.552%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4520	−0.429%	$456K	$3.9M	75x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.4653	−0.132%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4642	−0.156%	$3.9M	$18.5M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4815	+0.231%	$209K	$34K	3x	as long as short
Aster NEARUSDT	+0.0181%	8h	4.4730	+0.042%	$3.1M	$5.8M	50x	as long as short
Kraken Futures PF_NEARUSD	+0.0213%	1h	4.4473	−0.534%	$8.1M	$40.8M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0335%	1h	4.4500	−0.473%	$1.9M	$4.2M	25x	as long as short
GMX NEAR/USD [ETH-USDC]long	L +0.0361% / S −0.0258%	1h	4.4712	long leg	$270K	—	100x
Nado NEAR-PERP	+0.0362%	1h	4.4687	−0.054%	$1.9M	$3.1M	10x	as long as short
01 Exchange NEARUSD	+0.0416%	1h	4.4723	+0.025%	$13K	$7K	10x	as long as short
RISEx NEAR/USDC	+0.0509%	1h	4.4700	−0.027%	$564K	$1.3M	10x	as long as short
Phoenix NEAR	+0.0592%	1h	4.4597	−0.256%	$1.8M	$2.6M	10x	as long as short
Lighter RH NEAR	+0.0832%	1h	4.4649	−0.140%	$1.7M	$7.0M	10x	as long as short
Hyperliquid NEAR	+0.0907%	1h	4.4793	+0.182%	$378.6M	$307.3M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0954%	1h	4.4513	−0.444%	$1.4M	$6.1M	20x	as long as short
Aftermath Perps NEARUSD	+0.1542%	1h	4.4272	−0.983%	$6K	$12K	10x	as long as short
Lighter NEAR	+0.1688%	1h	4.4771	+0.133%	$17.9M	$25.4M	15x	as long as short