Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 5.3634 | 0 | 0.0000% / 43m | 20m 27s | $1K | $131K | 3x | Long Perpl | |
| SHORT | 5.3611 | L +0.0254S −0.0184 | get 0.0023% / 1h | 41m 27s | $486K | $1.3M | 50x | Short GMX5% off |
Price gap−0.044%
Funding gap+0.0184% /8h
Funding pays +$6 a day on $10k, but the gap is 0.062% under its 7d average: −$6 if it goes back, about 27 hours of funding. At the last 7 days' pace that is about 3.0 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$1+0.0184% /8h now · paid +0.006% over the last 7 hours (all we have)
Price−$6spread −0.044% now, avg +0.018% → −0.062% if it goes back
Costsno datano order book for Perpl and GMX
Result, before costs−$6−0.06%+ Points / potential airdropPerpl: points · farm boardcosts unknown: no order book for Perpl and GMX · What the last 7D really paid, hour by hour → backtest
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now−0.044%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hNEAR on 46 exchanges
lowest funding firstBefore you open
2 ok · 3 to watch- Note: Order book unknown—No order-book sample for Perpl and GMX: its slippage is not counted.
- Note: Margin at max leverage$3,333 + $200Perpl 3x, GMX 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ43m / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$5.53Long Perpl: 34 payments, $0.00; short GMX: 24 payments, +$5.53.
- Watch: Gap narrower than usual−0.044% vs +0.018%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$1K vs $486K OIPerpl sets your exit cost. Check its book before closing.
- OK: Points on a legPerpl pointsVolume here counts toward the points program.
- OK: No KYC on either legPerpl No · GMX NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0068%/8h × 21 periods+$14.32
Price spread−0.044% → +0.018% (7d avg)−$6.19
Slippage, 4 ordersno data for Perpl and GMX—
Fee Perpl bp × 2 orders−$6.90
Fee GMX bp × 2 orders−$12.00
Net, fees only · 7 days · $10k−$10.76
Costs to cover0.189%Break-even12.3 days
Slippage: Perpl: no order-book sample; GMX: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGPerpl—————
SELL · SHORTGMX—————
Closing costs about the same again.
Perpl and GMX: no data.
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| 09-30 17:06 | Perpl | Listing | new market NEAR ($NEAR) seen by our collector |
| 09-30 16:28 | Perpl | Listing | You can now trade $NEAR with up to 3x leverage @perpltrade on X ↗ |
| 09-30 02:45 | MEXC | Other | Not NEAR anymore. It’s here. 👀 $NRR is officially trading on NYSE Arca. Continuation or sell the news? 🤔 @MEXC on X ↗ |
| 09-30 01:05 | Reya | Listing | NEARRUSDPERP no longer reported ($NEAR) seen by our collector |
| 09-29 11:00 | Bulk | Listing | NEAR-USD no longer reported ($NEAR) seen by our collector |

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