NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0157%/8h= −17.1% APRnext payment −$0.20 per $10,000 · paid last 24h −0.127%

Price spread now: GMX against Hyperliquid−0.099%7-day average −0.132% · you buy dearer than you sell

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

Long on Hyperliquid Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.074%−$7 on $10k

Price spread, last 4 days (all we have)+0.159%+$16 · spread now −0.099%, 7d avg −0.132%

Together, before fees+0.084%+ Points / potential airdropHyperliquid: Season 2 · farm board+$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. GMX is 0.033% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.099% now, against its 7-day average of −0.132%): +$3 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 17 hours. At the pace of the last 3 days (−0.074% in total) that is about 35 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid NEAR	4.4866	0.0373	pay 0.0047% / 1h	51m 14s	$371.9M	$325.0M	10x
Short	GMX NEAR/USD [ETH-USDC]	4.4821	L +0.0339% / S −0.0216%	get 0.0027% / 1h	51m 14s	$250K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Hyperliquid. 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 HyperliquidbpFee GMXbpOrdersPrice spread, now −0.099%Rate

Funding earned: −$32.87
Price spread: −0.099% → −0.132%: $3.31
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee GMX: 6 bp × 2 orders: −$12
Net: −$50.56
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 13 min ago; GMX: no order-book sample. 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 Hyperliquid live order book, 13 min ago	0.67 bp	6.6 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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	4.4797	−0.153%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0008%	1h	4.4796	−0.156%	$2.2M	$15.4M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4796	−0.156%	$110K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4837	−0.065%	$619K	$22.2M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4818	−0.106%	$167K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.703%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4830	−0.080%	$118K	$516K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4827	−0.086%	$426K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4860	−0.013%	$275.1M	$1.11B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4798	−0.152%	$224.5M	$425.1M	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	4.4780	−0.192%	$64.2M	$305.0M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.5100	+0.522%	$257K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4822	−0.098%	$32.3M	$62.6M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4850	−0.036%	$77.1M	$146.5M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4860	−0.013%	$55.5M	$46.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4784	−0.183%	$73.7M	$130.6M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.4820	−0.103%	—	$147.2M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.5068	+0.449%	$8.7M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4912	+0.103%	$269K	$977K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4926	+0.133%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4950	+0.187%	$173K	$792K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4834	−0.071%	$235K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4806	−0.134%	$57K	$237K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4880	+0.031%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4803	−0.140%	$8K	$53K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4910	+0.098%	$467K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4780	−0.192%	$3.8M	$8.4M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4785	−0.181%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4825	−0.091%	$208K	$40K	3x	as long as short
Extended NEAR-USD	+0.0216%	1h	4.4758	−0.240%	$4.0M	$19.6M	25x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4840	−0.058%	$14.2M	$33.6M	75x	as long as short
Backpack NEAR_USDC_PERP	+0.0272%	1h	4.4767	−0.221%	$1.4M	$6.7M	20x	as long as short
Aster NEARUSDT	+0.0304%	8h	4.4831	−0.077%	$3.1M	$5.6M	50x	as long as short
01 Exchange NEARUSD	+0.0312%	1h	4.4813	−0.118%	$13K	$7K	10x	as long as short
GMX NEAR/USD [ETH-USDC]short	L +0.0339% / S −0.0216%	1h	4.4821	−0.099%	$250K	—	100x
Hyperliquid NEARlong	+0.0373%	1h	4.4866	long leg	$371.9M	$325.0M	10x
Nado NEAR-PERP	+0.0494%	1h	4.4783	−0.184%	$1.9M	$3.1M	10x	as long as short
Lighter RH NEAR	+0.0544%	1h	4.4835	−0.069%	$1.6M	$7.1M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0579%	1h	4.4821	−0.101%	$8.3M	$40.3M	50x	as long as short
Arcus NEAR-USD	+0.0581%	1h	4.4850	−0.036%	$222K	$1.8M	10x	as long as short
Lighter NEAR	+0.0744%	1h	4.4868	+0.005%	$18.1M	$26.1M	15x	as long as short
Phoenix NEAR	+0.0794%	1h	4.5018	+0.339%	$1.9M	$2.8M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0866%	1h	4.4847	−0.042%	$2.1M	$6.5M	25x	as long as short
RISEx NEAR/USDC	+0.0926%	1h	4.4842	−0.055%	$566K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1582%	1h	4.4888	+0.049%	$6K	$12K	10x	as long as short