NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0513%/8h= −56.2% APRnext payment −$0.64 per $10,000 · paid last 24h −0.042%

Price spread now: GMX against Kraken Futures−0.031%7-day average −0.044% · you buy dearer than you sell

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

Long on Kraken Futures Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.030%+$3 on $10k

Price spread, last 4 days (all we have)−0.022%−$2 · spread now −0.031%, 7d avg −0.044%

Together, before fees+0.008%+$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.044%, so right now this pair is about funding alone: −$15 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.030% in total (about 3.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.64 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	Kraken Futures PF_NEARUSD	4.3338	0.0711	pay 0.0089% / 1h	21m 24s	$7.6M	$39.3M	50x
Short	GMX NEAR/USD [ETH-USDC]	4.3324	L +0.0323% / S −0.0198%	get 0.0025% / 1h	21m 24s	$234K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Kraken Futures. 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 Kraken FuturesbpFee GMXbpOrdersPrice spread, now −0.031%Rate

Funding earned: −$107.82
Price spread: −0.031% → −0.044%: $1.23
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$128.59
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 3 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 Kraken Futures live order book, 3 min ago	6.47 bp	11.6 bp −$12	12.9 bp −$129	51.6 bp −$5,160	5906.2 bp −$2.95M
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	4.3351	+0.031%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3393	+0.127%	$107K	$69K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3330	−0.018%	$162K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.448%	$578	$301K	12x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0056%	1h	4.3431	+0.215%	$2.3M	$15.9M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3390	+0.121%	$110K	$503K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3380	+0.097%	$265.8M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3336	−0.004%	$214.5M	$428.4M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3340	+0.005%	$61.4M	$291.1M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3250	−0.202%	$246K	−$0	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NEAR_USDT	+0.0100%	8h	4.3345	+0.017%	$32.0M	$61.7M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3400	+0.144%	$73.8M	$145.9M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3410	+0.167%	$53.8M	$46.1M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3328	−0.023%	$71.5M	$128.4M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3360	+0.051%	—	$145.8M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3627	+0.667%	$8.4M	$17.9M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3292	−0.107%	$253K	$948K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3500	+0.375%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3280	−0.133%	$166K	$796K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3406	+0.157%	$276K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3365	+0.063%	$57K	$246K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3440	+0.236%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3520	+0.421%	$472K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3380	+0.097%	$3.7M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3349	+0.026%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3328	−0.023%	$201K	$37K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3260	−0.179%	$13.4M	$32.1M	75x	as long as short
Pacifica NEAR	+0.0263%	1h	4.3405	+0.156%	$407K	$1.3M	10x	as long as short
Kalshi KXNEARPERP	+0.0276%	8h	4.3240	−0.226%	$873K	$23.5M	2.2x	as long as short
GMX NEAR/USD [ETH-USDC]short	L +0.0323% / S −0.0198%	1h	4.3324	−0.031%	$234K	—	100x
Aster NEARUSDT	+0.0331%	8h	4.3369	+0.073%	$2.8M	$5.5M	50x	as long as short
SoDEX NEAR-USD	+0.0362%	1h	4.3335	−0.006%	$6K	$53K	10x	as long as short
01 Exchange NEARUSD	+0.0520%	1h	4.3385	+0.109%	$13K	$7K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0570%	1h	4.3322	−0.036%	$1.3M	$6.7M	20x	as long as short
Nado NEAR-PERP	+0.0584%	1h	4.3357	+0.046%	$1.8M	$3.1M	10x	as long as short
Hyperliquid NEAR	+0.0598%	1h	4.3402	+0.148%	$355.3M	$313.9M	10x	as long as short
Extended NEAR-USD	+0.0616%	1h	4.3327	−0.025%	$3.8M	$20.0M	25x	as long as short
Arcus NEAR-USD	+0.0627%	1h	4.3400	+0.144%	$213K	$1.6M	10x	as long as short
Kraken Futures PF_NEARUSDlong	+0.0711%	1h	4.3338	long leg	$7.6M	$39.3M	50x
Lighter RH NEAR	+0.0880%	1h	4.3428	+0.208%	$1.5M	$7.4M	10x	as long as short
Phoenix NEAR	+0.0941%	1h	4.3290	−0.110%	$1.8M	$2.8M	10x	as long as short
Lighter NEAR	+0.1104%	1h	4.3445	+0.247%	$17.5M	$25.0M	15x	as long as short
RISEx NEAR/USDC	+0.1162%	1h	4.3394	+0.130%	$686K	$1.3M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1204%	1h	4.3390	+0.121%	$1.9M	$9.5M	25x	as long as short
Aftermath Perps NEARUSD	+0.1546%	1h	4.3401	+0.147%	$5K	$13K	10x	as long as short