NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0832%/8h= +91.1% APRnext payment +$1.04 per $10,000 · paid last 24h +0.158%

Price spread now: Lighter against GMX−0.012%7-day average +0.182% · you buy dearer than you sell

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

Long on GMX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.330%+$33 on $10k

Price spread, last 4 days (all we have)+0.092%+$9 · spread now −0.012%, 7d avg +0.182%

Together, before fees+0.422%+ Points / potential airdropLighter: Season 3 · farm board+$42 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.194% cheaper against GMX than usual: you would sell low and buy high (spread −0.012% now, against its 7-day average of +0.182%). If the spread goes back, that is −$19 on $10k: about 19 hours of funding at the current rate (+$25 a day). At the pace of the last 3 days (+0.330% in total) that is about 47 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX NEAR/USD [ETH-USDC]	4.3170	L +0.0320% / S −0.0194%	pay 0.0040% / 1h	42m 07s	$231K	—	100x
Short	Lighter NEAR	4.3165	0.1152	get 0.0144% / 1h	42m 07s	$17.4M	$24.9M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.012%Rate

Funding earned: $174.68
Price spread: −0.012% → +0.182%: −$19.41
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: $143.26
Costs to cover: 0.120%
Break-even: 1.3 days

Slippage unknown: GMX: no order-book sample; Lighter: live order book, 7 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 Lighter live order book, 7 min ago	1.95 bp	3.4 bp −$3	11.6 bp −$116	71.4 bp −$7,145	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	4.3185	+0.035%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3254	+0.195%	$107K	$69K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3168	−0.004%	$162K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.077%	$578	$301K	12x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0056%	1h	4.3140	−0.069%	$2.3M	$15.9M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3240	+0.162%	$107K	$502K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3130	−0.092%	$264.6M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3071	−0.229%	$214.6M	$427.7M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2900	−0.625%	$61.4M	$288.7M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3400	+0.533%	$247K	−$0	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NEAR_USDT	+0.0100%	8h	4.3084	−0.199%	$31.7M	$60.8M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2960	−0.486%	$72.7M	$144.6M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3110	−0.139%	$53.6M	$46.3M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2967	−0.470%	$70.7M	$128.9M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.2990	−0.417%	—	$146.3M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3397	+0.527%	$8.4M	$18.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3444	+0.635%	$254K	$950K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3214	+0.103%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3100	−0.162%	$166K	$799K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3216	+0.107%	$261K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3106	−0.148%	$57K	$246K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3270	+0.232%	$1K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3200	+0.070%	$468K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3170	0.000%	$3.7M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3185	+0.034%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3118	−0.120%	$200K	$37K	3x	as long as short
Kalshi KXNEARPERP	+0.0130%	8h	4.3170	0.000%	$665K	$23.2M	2.2x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3390	+0.510%	$13.8M	$32.2M	75x	as long as short
Pacifica NEAR	+0.0263%	1h	4.3278	+0.250%	$411K	$1.2M	10x	as long as short
Aster NEARUSDT	+0.0309%	8h	4.3187	+0.040%	$2.9M	$5.6M	50x	as long as short
GMX NEAR/USD [ETH-USDC]long	L +0.0320% / S −0.0194%	1h	4.3170	long leg	$231K	—	100x
SoDEX NEAR-USD	+0.0403%	1h	4.3085	−0.197%	$8K	$49K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0501%	1h	4.3095	−0.174%	$1.4M	$6.6M	20x	as long as short
01 Exchange NEARUSD	+0.0520%	1h	4.3247	+0.179%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0585%	1h	4.3119	−0.118%	$353.8M	$321.0M	10x	as long as short
Arcus NEAR-USD	+0.0627%	1h	4.3240	+0.162%	$212K	$1.6M	10x	as long as short
Extended NEAR-USD	+0.0672%	1h	4.3067	−0.238%	$3.8M	$19.8M	25x	as long as short
Nado NEAR-PERP	+0.0678%	1h	4.3210	+0.094%	$1.8M	$3.1M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0679%	1h	4.3108	−0.143%	$2.0M	$8.8M	25x	as long as short
Kraken Futures PF_NEARUSD	+0.0715%	1h	4.3102	−0.157%	$7.6M	$39.6M	50x	as long as short
Lighter RH NEAR	+0.0888%	1h	4.3153	−0.039%	$1.5M	$7.4M	10x	as long as short
Phoenix NEAR	+0.0941%	1h	4.3302	+0.306%	$1.8M	$2.8M	10x	as long as short
Lighter NEARshort	+0.1152%	1h	4.3165	−0.012%	$17.4M	$24.9M	15x
RISEx NEAR/USDC	+0.1162%	1h	4.3232	+0.143%	$654K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1598%	1h	4.3368	+0.459%	$5K	$12K	10x	as long as short