Funding you earn now, next payment 03:00 UTC−0.0320%/8h= −35.1% APRnext payment −$0.40 per $10,000 · paid last 24h −0.019%
Price spread now: Injective against GMX−7.476%117s7-day average +0.946% · 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)−0.200%−$20 on $10k
+Price spread, last 3 days (all we have)+9.331%+$933 · spread now −7.476%, 7d avg +0.946%
=Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Injective is 8.423% cheaper against GMX than usual: you would sell low and buy high (−$842 if the spread goes back to its 7-day average of +0.946%). Swap the legs. The two prices were read 117 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX NEAR/USD [ETH-USDC] | 4.4756 | L +0.0354% / S −0.0235% | pay 0.0044% / 1h | 3m 30s | $268K | — | 100x |
| Short | Injective NEAR/USDC PERP | 4.1410 | 0.0033 | get 0.0004% / 1h | 3m 30s | $578 | $302K | 12x |
GMX NEAR/USD [ETH-USDC]
Injective NEAR/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against GMX. 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
- −$67.26
- Price spread: −7.476% → +0.946%
- −$842.27
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$921.56
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Injective: 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 GMX no order-book sample | — | — | — | — | — |
| Sell Injective no order-book sample | — | — | — | — | — |
GMX and Injective: 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 | 4.4750 | −0.014% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0016% | 1h | 4.4520 | −0.528% | $2.2M | $15.5M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.4719 | −0.082% | $110K | $70K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.4513 | −0.543% | $563K | $21.9M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.4760 | +0.008% | $168K | — | 150x | as long as short |
| Injective NEAR/USDC PERPshort | +0.0033% | 1h | 4.1410 | −7.476% | $578 | $302K | 12x | |
| Popdex NEARUSDT | +0.0096% | 1h | 4.4750 | −0.014% | $116K | $516K | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.4737 | −0.042% | $427K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.4808 | +0.116% | $275.0M | $1.12B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.4723 | −0.074% | $223.9M | $429.4M | 75x | as long as short |
Reya NEARRUSDPERP
Coinbase International NEAR-PERP-INTX
dYdX NEAR-USD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
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 | 4.4710 | −0.103% | $63.9M | $306.6M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.4470 | −0.640% | $253K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.4769 | +0.029% | $32.5M | $65.4M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.4790 | +0.076% | $75.9M | $150.8M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.4800 | +0.098% | $55.5M | $46.2M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.4761 | +0.011% | $73.7M | $131.1M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.4750 | −0.014% | — | $6.6M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.4486 | −0.603% | $8.6M | $18.2M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.4501 | −0.569% | $267K | $977K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.4479 | −0.620% | $1.5M | $1.4M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.4460 | −0.662% | $171K | $797K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.4777 | +0.047% | $250K | $3.9M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.4721 | −0.078% | $57K | $237K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.4510 | −0.550% | $1K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.4478 | −0.621% | $8K | $53K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.4620 | −0.304% | $457K | $4.1M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.4600 | −0.349% | $3.8M | $8.4M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0102% | 8h | 4.4691 | −0.145% | $32K | $608 | 10x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.4470 | −0.639% | $207K | $40K | 3x | as long as short |
| Extended NEAR-USD | +0.0200% | 1h | 4.4698 | −0.130% | $4.0M | $19.5M | 25x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.4500 | −0.572% | $14.0M | $33.4M | 75x | as long as short |
| Aster NEARUSDT | +0.0286% | 8h | 4.4703 | −0.120% | $3.1M | $5.5M | 50x | as long as short |
| GMX NEAR/USD [ETH-USDC]long | L +0.0354% / S −0.0235% | 1h | 4.4756 | long leg | $268K | — | 100x | |
| 01 Exchange NEARUSD | +0.0376% | 1h | 4.4776 | +0.044% | $13K | $7K | 10x | as long as short |
| Arcus NEAR-USD | +0.0410% | 1h | 4.4810 | +0.120% | $216K | $1.8M | 10x | as long as short |
| Nado NEAR-PERP | +0.0470% | 1h | 4.4736 | −0.046% | $1.9M | $3.2M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0493% | 1h | 4.4458 | −0.666% | $1.9M | $4.5M | 25x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0533% | 1h | 4.4588 | −0.376% | $1.4M | $6.7M | 20x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0691% | 1h | 4.4563 | −0.432% | $8.3M | $41.3M | 50x | as long as short |
| Lighter RH NEAR | +0.0704% | 1h | 4.4759 | +0.006% | $1.6M | $7.2M | 10x | as long as short |
| Hyperliquid NEAR | +0.0767% | 1h | 4.4817 | +0.136% | $372.9M | $326.6M | 10x | as long as short |
| Phoenix NEAR | +0.0855% | 1h | 4.4578 | −0.398% | $1.8M | $2.7M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0924% | 1h | 4.4777 | +0.048% | $574K | $1.4M | 10x | as long as short |
| Lighter NEAR | +0.1120% | 1h | 4.4812 | +0.125% | $18.0M | $27.1M | 15x | as long as short |
| Aftermath Perps NEARUSD | +0.1611% | 1h | 4.4908 | +0.340% | $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
Arcus NEAR-USD
Nado NEAR-PERP
Deribit NEAR_USDC-PERPETUAL
Backpack NEAR_USDC_PERP
Kraken Futures PF_NEARUSD
Lighter RH NEAR
Hyperliquid NEAR
Phoenix NEAR
RISEx NEAR/USDC
Lighter NEAR
Aftermath Perps NEARUSD