Funding you earn now, next payment 03:00 UTC−0.0461%/8h= −50.5% APRnext payment −$0.58 per $10,000 · paid last 24h +0.016%
Price spread now: GMX against Lighter RH−0.188%7-day average −0.156% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.054%−$5 on $10k
+Price spread, last 4 days (all we have)+0.246%+$25 · spread now −0.188%, 7d avg −0.156%
=Together, before fees+0.192%+ Points / potential airdropLighter RH: Points live · farm board+$19 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and GMX is 0.032% cheaper against Lighter RH than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.156%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.054% in total (about -6.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.58 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 | Lighter RH NEAR | 4.4507 | 0.0696 | pay 0.0087% / 1h | 5m 18s | $1.6M | $7.2M | 10x |
| Short | GMX NEAR/USD [ETH-USDC] | 4.4423 | L +0.0352% / S −0.0235% | get 0.0029% / 1h | 5m 18s | $266K | — | 100x |
Lighter RH NEAR
GMX NEAR/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Lighter RH. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$96.81
- Price spread: −0.188% → −0.156%
- −$3.23
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$112.05
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Lighter RH: 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 Lighter RH live order book, 3 min ago | 2.32 bp | 5.8 bp −$6 | 12.8 bp −$128 | 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 | 4.4413 | −0.211% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0016% | 1h | 4.4511 | +0.009% | $2.2M | $15.4M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.4480 | −0.061% | $110K | $70K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.4675 | +0.377% | $561K | $21.5M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.4439 | −0.153% | $166K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −6.958% | $578 | $302K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.4500 | −0.016% | $113K | $513K | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.4503 | −0.009% | $425K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.4481 | −0.058% | $273.0M | $1.12B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.4440 | −0.151% | $222.8M | $428.8M | 75x | as long as short |
Reya NEARRUSDPERP
Coinbase International NEAR-PERP-INTX
dYdX NEAR-USD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Pacifica NEAR
Binance NEARUSDT
Bybit NEARUSDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.4420 | −0.195% | $63.5M | $304.0M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.5467 | +2.156% | $259K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.4433 | −0.166% | $32.3M | $65.3M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.4450 | −0.128% | $76.3M | $149.9M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.4450 | −0.128% | $55.0M | $45.8M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.4425 | −0.184% | $73.2M | $130.9M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.4440 | −0.151% | — | $6.6M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.4486 | −0.046% | $8.6M | $18.2M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.4994 | +1.095% | $270K | $977K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.5311 | +1.806% | $1.5M | $1.4M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.5320 | +1.827% | $174K | $797K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.4499 | −0.018% | $257K | $3.9M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.4448 | −0.133% | $57K | $237K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.4530 | +0.052% | $1K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.4502 | −0.011% | $8K | $53K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.4550 | +0.097% | $460K | $4.1M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.4540 | +0.074% | $3.8M | $8.4M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0102% | 8h | 4.4433 | −0.166% | $32K | $608 | 10x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.4465 | −0.094% | $207K | $40K | 3x | as long as short |
| Extended NEAR-USD | +0.0200% | 1h | 4.4424 | −0.187% | $4.0M | $19.4M | 25x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.4890 | +0.861% | $14.2M | $33.7M | 75x | as long as short |
| Aster NEARUSDT | +0.0284% | 8h | 4.4480 | −0.061% | $3.1M | $5.5M | 50x | as long as short |
| GMX NEAR/USD [ETH-USDC]short | L +0.0352% / S −0.0235% | 1h | 4.4423 | −0.188% | $266K | — | 100x | |
| 01 Exchange NEARUSD | +0.0384% | 1h | 4.4512 | +0.011% | $13K | $7K | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0403% | 1h | 4.4459 | −0.108% | $1.9M | $4.5M | 25x | as long as short |
| Arcus NEAR-USD | +0.0410% | 1h | 4.4560 | +0.119% | $215K | $1.8M | 10x | as long as short |
| Nado NEAR-PERP | +0.0480% | 1h | 4.4450 | −0.128% | $1.9M | $3.2M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0540% | 1h | 4.4633 | +0.283% | $1.4M | $6.8M | 20x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0691% | 1h | 4.4572 | +0.146% | $8.3M | $41.3M | 50x | as long as short |
| Lighter RH NEARlong | +0.0696% | 1h | 4.4507 | long leg | $1.6M | $7.2M | 10x | |
| Hyperliquid NEAR | +0.0771% | 1h | 4.4465 | −0.094% | $369.7M | $325.5M | 10x | as long as short |
| Phoenix NEAR | +0.0855% | 1h | 4.5453 | +2.126% | $1.9M | $2.7M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0924% | 1h | 4.4543 | +0.080% | $570K | $1.4M | 10x | as long as short |
| Lighter NEAR | +0.1120% | 1h | 4.4535 | +0.064% | $17.9M | $27.1M | 15x | as long as short |
| Aftermath Perps NEARUSD | +0.1651% | 1h | 4.5085 | +1.299% | $6K | $12K | 10x | as long as short |
OKX NEAR-USDT-SWAP
Bulk NEAR-USD
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDC
Variational Omni NEAR
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
SoDEX NEAR-USD
HTX NEAR-USDT
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Aevo NEAR-PERP
Extended NEAR-USD
BloFin NEAR-USDT
Aster NEARUSDT
01 Exchange NEARUSD
Deribit NEAR_USDC-PERPETUAL
Arcus NEAR-USD
Nado NEAR-PERP
Backpack NEAR_USDC_PERP
Kraken Futures PF_NEARUSD
Hyperliquid NEAR
Phoenix NEAR
RISEx NEAR/USDC
Lighter NEAR
Aftermath Perps NEARUSD