Funding you earn now, next payment 08:00 UTC−0.0172%/8h= −18.9% APRpaid last 24h −0.104%
Price spread now: Kalshi against GMX+0.029%7-day average −0.026% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.335%−$33 on $10k
+Price spread, last 4 days (all we have)−0.164%−$16 · spread now +0.029%, 7d avg −0.026%
=The price spread pays, funding is against you. Kalshi is 0.055% dearer against GMX than usual: you sell high and buy low (spread +0.029% now, against its 7-day average of −0.026%): +$5 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 25 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX NEAR/USD [ETH-USDC] | 4.3462 | L +0.0342% / S −0.0242% | pay 0.0043% / 1h | 4m 02s | $253K | — | 100x |
| Short | Kalshi KXNEARPERP | 4.3475 | 0.0169 | get 0.0169% / 8h | 4h 04m | $942K | $25.1M | 2.2x |
GMX NEAR/USD [ETH-USDC]
Kalshi KXNEARPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi 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
- −$36.21
- Price spread: +0.029% → −0.026%
- $5.48
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- −$52.73
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Kalshi: live order book, 5 min ago. 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 Kalshi live order book, 5 min ago | 6.73 bp | 11.7 bp −$12 | 20.6 bp −$206 | doesn't fit | doesn't fit |
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 | 4.3470 | +0.018% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3586 | +0.284% | $107K | $68K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.3400 | −0.143% | $163K | — | 150x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0017% | 1h | 4.3440 | −0.052% | $7.2M | $38.6M | 50x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −4.722% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3590 | +0.294% | $114K | $499K | 50x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3473 | +0.024% | $219.1M | $430.1M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3480 | +0.040% | $61.3M | $295.3M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3750 | +0.662% | $249K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3475 | +0.029% | $35.8M | $63.2M | 75x | as long as short |
Reya NEARRUSDPERP
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Kraken Futures PF_NEARUSD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Bulk NEAR-USD
Gate NEAR_USDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3460 | −0.006% | $52.7M | $46.0M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3482 | +0.045% | $71.9M | $127.9M | 75x | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.3549 | +0.199% | $8.9M | $18.6M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3722 | +0.598% | $253K | $896K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3681 | +0.504% | $1.4M | $1.6M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3680 | +0.501% | $167K | $816K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3566 | +0.238% | $274K | $4.1M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.3448 | −0.033% | $58K | $235K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3650 | +0.432% | $1K | $1.3M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.3433 | −0.068% | $5K | $50K | 10x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3450 | −0.029% | $3.5M | $8.2M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.3651 | +0.433% | $32K | $585 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.3468 | +0.012% | $3.6M | $16.4M | 25x | as long as short |
| Aster NEARUSDT | +0.0108% | 8h | 4.3493 | +0.070% | $2.7M | $4.8M | 50x | as long as short |
| Aevo NEAR-PERP | +0.0120% | 1h | 4.3461 | −0.003% | $202K | $38K | 3x | as long as short |
| Hyperliquid NEAR | +0.0133% | 1h | 4.3522 | +0.137% | $350.7M | $316.2M | 10x | as long as short |
| MEXC NEAR_USDT | +0.0146% | 8h | 4.3470 | +0.017% | $88.8M | $154.6M | 200x | as long as short |
| Binance NEARUSDT | +0.0146% | 8h | 4.3495 | +0.076% | $262.8M | $1.09B | 75x | as long as short |
| HTX NEAR-USDT | +0.0158% | 8h | 4.3500 | +0.086% | $463K | $3.8M | 75x | as long as short |
| BingX NEAR-USDC | +0.0162% | 8h | 4.3490 | +0.063% | — | $6.7M | — | as long as short |
| Kalshi KXNEARPERPshort | +0.0169% | 8h | 4.3475 | +0.029% | $942K | $25.1M | 2.2x | |
| 01 Exchange NEARUSD | +0.0232% | 1h | 4.3639 | +0.406% | $13K | $7K | 10x | as long as short |
| BloFin NEAR-USDT | +0.0266% | 8h | 4.3670 | +0.478% | $13.4M | $32.2M | 75x | as long as short |
| GMX NEAR/USD [ETH-USDC]long | L +0.0342% / S −0.0242% | 1h | 4.3462 | long leg | $253K | — | 100x | |
| Nado NEAR-PERP | +0.0365% | 1h | 4.3534 | +0.164% | $1.6M | $3.2M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0471% | 1h | 4.3506 | +0.100% | $1.1M | $7.2M | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0488% | 1h | 4.3494 | +0.073% | $2.3M | $16.9M | 50x | as long as short |
| Lighter RH NEAR | +0.0496% | 1h | 4.3514 | +0.119% | $1.5M | $6.8M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0510% | 1h | 4.3469 | +0.015% | $1.9M | $13.1M | 25x | as long as short |
| Lighter NEAR | +0.0560% | 1h | 4.3527 | +0.149% | $17.1M | $25.4M | 15x | as long as short |
| Arcus NEAR-USD | +0.0638% | 1h | 4.3620 | +0.363% | $228K | $1.5M | 10x | as long as short |
| Pacifica NEAR | +0.0949% | 1h | 4.3643 | +0.416% | $411K | $1.4M | 10x | as long as short |
| Phoenix NEAR | +0.0949% | 1h | 4.3865 | +0.926% | $1.8M | $2.4M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0965% | 1h | 4.3615 | +0.350% | $605K | $1.4M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1115% | 1h | 4.3615 | +0.350% | $5K | $7K | 10x | as long as short |
KuCoin NEARUSDTM
Bitget NEARUSDT
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
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Extended NEAR-USD
Aster NEARUSDT
Aevo NEAR-PERP
Hyperliquid NEAR
MEXC NEAR_USDT
Binance NEARUSDT
HTX NEAR-USDT
BingX NEAR-USDC
01 Exchange NEARUSD
BloFin NEAR-USDT
Nado NEAR-PERP
Backpack NEAR_USDC_PERP
Coinbase International NEAR-PERP-INTX
Lighter RH NEAR
Deribit NEAR_USDC-PERPETUAL
Lighter NEAR
Arcus NEAR-USD
Pacifica NEAR
Phoenix NEAR
RISEx NEAR/USDC
Aftermath Perps NEARUSD