Funding you earn now, next payment 00:00 UTC−0.0090%/8h= −9.9% APRnext payment −$0.11 per $10,000 · paid last 24h −0.060%
Price spread now: GMX against RISEx−0.141%7-day average −0.050% · 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)−0.110%−$11 on $10k
+Price spread, last 3 days (all we have)+0.251%+$25 · spread now −0.141%, 7d avg −0.050%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and GMX is 0.091% cheaper against RISEx than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.050%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | RISEx NEAR/USDC | 4.2762 | 0.0404 | pay 0.0051% / 1h | 45m 52s | $412K | $1.2M | 10x |
| Short | GMX NEAR/USD [ETH-USDC] | 4.2702 | L +0.0374% / S −0.0314% | get 0.0039% / 1h | 45m 52s | $274K | — | 100x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against RISEx. 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
- −$18.91
- Price spread: −0.141% → −0.050%
- −$9.06
- Slippage, 4 orders
- no order book: not counted
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$45.97
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: RISEx: 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 RISEx live order book, 3 min ago | 2.03 bp | 5.0 bp −$5 | 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 | 4.2690 | −0.169% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0072% | 1h | 4.2695 | −0.156% | $2.2M | $13.0M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.2739 | −0.052% | $111K | $59K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.2719 | −0.100% | $396K | $18.5M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.2712 | −0.116% | $203K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −3.161% | $578 | $302K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.2730 | −0.074% | $108K | $496K | 50x | as long as short |
| Bybit NEARUSDT | +0.0099% | 8h | 4.2718 | −0.102% | $219.5M | $421.8M | 75x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.2719 | −0.101% | $31K | $647 | 10x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.2783 | +0.050% | $3.0M | $5.6M | 50x | as long as short |
Show all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica NEAR | +0.0100% | 1h | 4.2765 | +0.007% | $402K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.2775 | +0.030% | $253.3M | $1.07B | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.2730 | −0.074% | $61.0M | $285.3M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.2730 | −0.074% | $201K | $1.8M | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3000 | +0.557% | $245K | $2K | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.2763 | +0.003% | $30.2M | $58.8M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.2770 | +0.019% | $78.4M | $140.4M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.2780 | +0.043% | $56.0M | $43.5M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.2725 | −0.086% | $71.0M | $126.2M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.2750 | −0.028% | — | $6.6M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.3020 | +0.603% | $8.0M | $17.9M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.2986 | +0.525% | $245K | $1.2M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.2963 | +0.471% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.2990 | +0.534% | $180K | $788K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.2741 | −0.049% | $217K | $3.4M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.2732 | −0.070% | $57K | $194K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.2770 | +0.019% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.2720 | −0.098% | $5K | $46K | 10x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.2750 | −0.028% | $3.9M | $8.2M | 50x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.2731 | −0.072% | $4.0M | $15.9M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.2720 | −0.098% | $206K | $62K | 3x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0119% | 1h | 4.2739 | −0.053% | $7.4M | $36.9M | 50x | as long as short |
| 01 Exchange NEARUSD | +0.0200% | 1h | 4.2754 | −0.018% | $13K | $7K | 10x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.2730 | −0.074% | $13.0M | $30.7M | 75x | as long as short |
| Lighter RH NEAR | +0.0344% | 1h | 4.2819 | +0.134% | $1.5M | $7.0M | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC]short | L +0.0374% / S −0.0314% | 1h | 4.2702 | −0.141% | $274K | — | 100x | |
| RISEx NEAR/USDClong | +0.0404% | 1h | 4.2762 | long leg | $412K | $1.2M | 10x | |
| Backpack NEAR_USDC_PERP | +0.0437% | 1h | 4.2829 | +0.157% | $1.3M | $5.5M | 20x | as long as short |
| Phoenix NEAR | +0.0463% | 1h | 4.2919 | +0.368% | $1.8M | $2.7M | 10x | as long as short |
| Nado NEAR-PERP | +0.0814% | 1h | 4.2705 | −0.132% | $1.9M | $3.4M | 10x | as long as short |
| HTX NEAR-USDT | +0.0876% | 8h | 4.2830 | +0.159% | $457K | $3.7M | 75x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.1084% | 1h | 4.2794 | +0.075% | $1.9M | $2.3M | 25x | as long as short |
| Hyperliquid NEAR | +0.1164% | 1h | 4.2856 | +0.220% | $369.3M | $298.2M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1171% | 1h | 4.2947 | +0.433% | $5K | $11K | 10x | as long as short |
| Lighter NEAR | +0.1920% | 1h | 4.2862 | +0.235% | $16.5M | $23.7M | 15x | as long as short |
RISEx NEAR/USDC
GMX NEAR/USD [ETH-USDC]
Coinbase International NEAR-PERP-INTX
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Bybit NEARUSDT
Paradex NEAR-USD-PERP
Aster NEARUSDT
Pacifica NEAR
Binance NEARUSDT
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
SunX NEAR-USDT
SoDEX NEAR-USD
Phemex NEARUSDT
Extended NEAR-USD
Kraken Futures PF_NEARUSD
01 Exchange NEARUSD
BloFin NEAR-USDT
Lighter RH NEAR
Backpack NEAR_USDC_PERP
Phoenix NEAR
HTX NEAR-USDT
Deribit NEAR_USDC-PERPETUAL
Hyperliquid NEAR
Aftermath Perps NEARUSD
Lighter NEAR