NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0505%/8h= −55.3% APRnext payment −$0.63 per $10,000 · paid last 24h −0.100%

Price spread now: GMX against Lighter−0.220%7-day average −0.179% · you buy dearer than you sell

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

Long on Lighter Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.215%−$21 on $10k

Price spread, last 3 days (all we have)+0.140%+$14 · spread now −0.220%, 7d avg −0.179%

Together, before fees−0.075%+ Points / potential airdropLighter: Season 3 · farm board−$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and GMX is 0.042% cheaper against Lighter than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.179%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter NEAR	4.2204	0.0832	pay 0.0104% / 1h	16m 54s	$16.3M	$23.6M	15x
Short	GMX NEAR/USD [ETH-USDC]	4.2111	L +0.0382% / S −0.0327%	get 0.0041% / 1h	16m 54s	$283K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Lighter. 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 LighterbpFee GMXbpOrdersPrice spread, now −0.220%Rate

Funding earned: −$106.06
Price spread: −0.220% → −0.179%: −$4.19
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: −$122.25
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 7 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 Lighter live order book, 7 min ago	2.17 bp	2.4 bp −$2	15.6 bp −$156	64.8 bp −$6,483	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	4.2092	−0.264%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0032%	1h	4.2128	−0.179%	$2.2M	$12.8M	50x	as long as short
Injective NEAR/USDC PERP	−0.0002%	1h	4.1410	−1.880%	$578	$302K	12x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2143	−0.144%	$109K	$58K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2099	−0.248%	$431K	$18.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2112	−0.216%	$209K	—	150x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0035%	1h	4.2105	−0.234%	$1.9M	$2.2M	25x	as long as short
Kraken Futures PF_NEARUSD	+0.0048%	1h	4.2102	−0.241%	$7.7M	$36.6M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2140	−0.151%	$108K	$487K	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2141	−0.148%	$30K	$647	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster NEARUSDT	+0.0100%	8h	4.2148	−0.131%	$3.0M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.2176	−0.065%	$364K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2071	−0.313%	$241.9M	$1.07B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.2051	−0.362%	$214.9M	$421.3M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2060	−0.340%	$58.4M	$277.6M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2160	−0.103%	$226K	$1.7M	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2081	−0.290%	$30.3M	$57.9M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2070	−0.317%	$83.2M	$143.0M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2100	−0.245%	$55.3M	$43.9M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2066	−0.326%	$69.7M	$124.8M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.2070	−0.317%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.1950	−0.601%	$7.8M	$18.3M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.1992	−0.502%	$240K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2092	−0.263%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2020	−0.435%	$176K	$793K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2158	−0.108%	$204K	$3.2M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2091	−0.267%	$56K	$194K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2150	−0.127%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2079	−0.295%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2100	−0.245%	$3.9M	$8.2M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2042	−0.383%	$240K	$2K	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2069	−0.320%	$3.9M	$14.7M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2070	−0.317%	$203K	$62K	3x	as long as short
Lighter RH NEAR	+0.0120%	1h	4.2140	−0.151%	$1.5M	$7.0M	10x	as long as short
01 Exchange NEARUSD	+0.0120%	1h	4.2183	−0.049%	$12K	$7K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2120	−0.198%	$12.4M	$31.8M	75x	as long as short
RISEx NEAR/USDC	+0.0364%	1h	4.2169	−0.081%	$411K	$1.2M	10x	as long as short
GMX NEAR/USD [ETH-USDC]short	L +0.0382% / S −0.0327%	1h	4.2111	−0.220%	$283K	—	100x
Hyperliquid NEAR	+0.0433%	1h	4.2157	−0.110%	$357.7M	$294.0M	10x	as long as short
Nado NEAR-PERP	+0.0503%	1h	4.2116	−0.208%	$1.9M	$3.5M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0509%	1h	4.2129	−0.177%	$1.2M	$5.6M	20x	as long as short
Phoenix NEAR	+0.0542%	1h	4.2035	−0.399%	$1.7M	$2.7M	10x	as long as short
Lighter NEARlong	+0.0832%	1h	4.2204	long leg	$16.3M	$23.6M	15x
HTX NEAR-USDT	+0.0947%	8h	4.2240	+0.086%	$454K	$3.5M	75x	as long as short
Aftermath Perps NEARUSD	+0.0979%	1h	4.2046	−0.373%	$5K	$11K	10x	as long as short