NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0356%/8h= +39.0% APRnext payment +$0.45 per $10,000 · paid last 24h +0.008%

Price spread now: Kraken Futures against GMX+0.107%7-day average +0.043% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on GMX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.006%−$1 on $10k

Price spread, last 3 days (all we have)−0.086%−$9 · spread now +0.107%, 7d avg +0.043%

Together, before fees−0.091%−$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Kraken Futures is 0.064% dearer against GMX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.043%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.006% in total (about -0.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.45 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	GMX NEAR/USD [ETH-USDC]	4.3643	L +0.0349% / S −0.0244%	pay 0.0044% / 1h	49m 30s	$257K	—	100x
Short	Kraken Futures PF_NEARUSD	4.3690	0.0705	get 0.0088% / 1h	49m 30s	$8.1M	$41.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against GMX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GMXbpFee Kraken FuturesbpOrdersPrice spread, now +0.107%Rate

Funding earned: $74.82
Price spread: +0.107% → +0.043%: $6.42
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $59.24
Costs to cover: 0.220%
Break-even: 1.5 days

Slippage unknown: GMX: no order-book sample; Kraken Futures: 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 Kraken Futures live order book, 5 min ago	6.97 bp	16.0 bp −$16	17.7 bp −$177	45.2 bp −$4,518	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 44 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	4.3538	−0.241%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.3651	+0.018%	$2.2M	$14.2M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3622	−0.048%	$108K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3747	+0.238%	$545K	$19.3M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3546	−0.224%	$197K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.117%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3610	−0.076%	$114K	$483K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3683	+0.092%	$412K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3588	−0.126%	$264.6M	$1.07B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3545	−0.225%	$220.1M	$416.5M	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3520	−0.282%	$62.1M	$287.5M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3657	+0.031%	$249K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3560	−0.191%	$31.4M	$61.8M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3570	−0.168%	$75.1M	$139.9M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3600	−0.099%	$54.4M	$44.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3544	−0.228%	$71.5M	$126.1M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3560	−0.191%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3926	+0.649%	$8.5M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3800	+0.360%	$268K	$994K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3910	+0.611%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3790	+0.336%	$195K	$778K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3606	−0.085%	$205K	$3.6M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3559	−0.193%	$60K	$190K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3700	+0.130%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3675	+0.073%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3800	+0.359%	$458K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3690	+0.107%	$3.8M	$8.1M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3644	+0.001%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3637	−0.014%	$3.8M	$18.5M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3691	+0.110%	$203K	$34K	3x	as long as short
Aster NEARUSDT	+0.0198%	8h	4.3649	+0.013%	$3.0M	$5.5M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0231%	1h	4.3689	+0.105%	$1.9M	$4.3M	25x	as long as short
GMX NEAR/USD [ETH-USDC]long	L +0.0349% / S −0.0244%	1h	4.3643	long leg	$257K	—	100x
01 Exchange NEARUSD	+0.0400%	1h	4.3689	+0.105%	$13K	$7K	10x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.3700	+0.130%	$208K	$1.7M	10x	as long as short
Nado NEAR-PERP	+0.0423%	1h	4.3539	−0.238%	$1.9M	$3.0M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0670%	1h	4.3717	+0.169%	$1.4M	$6.4M	20x	as long as short
Kraken Futures PF_NEARUSDshort	+0.0705%	1h	4.3690	+0.107%	$8.1M	$41.0M	50x
Lighter RH NEAR	+0.0752%	1h	4.3700	+0.130%	$1.6M	$6.9M	10x	as long as short
Hyperliquid NEAR	+0.0773%	1h	4.3617	−0.060%	$367.4M	$304.5M	10x	as long as short
Phoenix NEAR	+0.0855%	1h	4.3944	+0.689%	$1.8M	$2.7M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.3677	+0.078%	$551K	$1.3M	10x	as long as short
Lighter NEAR	+0.1040%	1h	4.3733	+0.205%	$17.5M	$25.6M	15x	as long as short
Aftermath Perps NEARUSD	+0.1703%	1h	4.3758	+0.264%	$6K	$12K	10x	as long as short