Funding you earn now, next payment 10:00 UTC−0.0241%/8h= −26.4% APRpaid last 24h −0.077%
Price spread now: OKX against GMX−0.070%52s7-day average −0.026% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.234%−$23 on $10k
+Price spread, last 4 days (all we have)−0.256%−$26 · spread now −0.070%, 7d avg −0.026%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and OKX is 0.044% cheaper against GMX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.026%). Swap the legs. The two prices were read 52 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] | 4.5002 | L +0.0341% / S −0.0235% | pay 0.0043% / 1h | 4m 34s | $259K | — | 100x |
| Short | OKX NEAR-USDT-SWAP | 4.4970 | 0.0100 | get 0.0100% / 8h | 6h 04m | $64.4M | $309.0M | 50x |
GMX NEAR/USD [ETH-USDC]
OKX NEAR-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$50.7
- Price spread: −0.070% → −0.026%
- −$4.39
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$77.09
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; OKX: live order book, 3 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 OKX live order book, 3 min ago | 1.11 bp | 9.4 bp −$9 | 16.4 bp −$164 | 43.4 bp −$4,337 | 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 exchanges
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 | 4.5024 | +0.050% | $2K | — | 20x | as long as short |
| Kraken Futures PF_NEARUSD | −0.0141% | 1h | 4.4980 | −0.048% | $7.4M | $37.8M | 50x | as long as short |
| dYdX NEAR-USD | +0.0002% | 1h | 4.5000 | −0.004% | $110K | $53K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.5007 | +0.012% | $169K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −7.981% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.5000 | −0.003% | $124K | $522K | 50x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.5000 | −0.003% | $2.7M | $4.8M | 50x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.5000 | −0.003% | $273.5M | $1.10B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.4991 | −0.023% | $233.0M | $433.3M | 75x | as long as short |
| OKX NEAR-USDT-SWAPshort | +0.0100% | 8h | 4.4970 | −0.070% | $64.4M | $309.0M | 50x |
Reya NEARRUSDPERP
Kraken Futures PF_NEARUSD
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Aster NEARUSDT
Binance NEARUSDT
Bybit NEARUSDTShow all 45 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus NEAR-USD | +0.0100% | 1h | 4.5040 | +0.085% | $228K | $1.4M | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.5100 | +0.219% | $269K | $12K | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.5002 | +0.001% | $39.9M | $64.0M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.5010 | +0.019% | $77.3M | $173.0M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.5040 | +0.085% | $53.4M | $45.1M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.5003 | +0.003% | $74.7M | $129.9M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.5000 | −0.003% | — | $6.7M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.5024 | +0.051% | $9.0M | $17.4M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.5068 | +0.149% | $266K | $869K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.5116 | +0.255% | $1.5M | $1.7M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.5020 | +0.041% | $168K | $828K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.5033 | +0.070% | $282K | $4.0M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.5027 | +0.057% | $58K | $269K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.5120 | +0.263% | $2K | $1.3M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.5005 | +0.008% | $5K | $40K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.5100 | +0.219% | $468K | $3.9M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.5020 | +0.041% | $3.4M | $7.9M | 50x | as long as short |
| Kalshi KXNEARPERP | +0.0101% | 8h | 4.5110 | +0.241% | $812K | $26.3M | 2.2x | as long as short |
| Paradex NEAR-USD-PERP | +0.0103% | 8h | 4.4992 | −0.022% | $32K | $51 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.4976 | −0.057% | $3.8M | $15.1M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.4999 | −0.005% | $209K | $38K | 3x | as long as short |
| 01 Exchange NEARUSD | +0.0184% | 1h | 4.5013 | +0.025% | $13K | $5K | 10x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.5030 | +0.063% | $12.9M | $32.9M | 75x | as long as short |
| Hyperliquid NEAR | +0.0297% | 1h | 4.5104 | +0.228% | $363.9M | $318.1M | 10x | as long as short |
| Lighter NEAR | +0.0304% | 1h | 4.5057 | +0.122% | $17.6M | $23.9M | 15x | as long as short |
| GMX NEAR/USD [ETH-USDC]long | L +0.0341% / S −0.0235% | 1h | 4.5002 | long leg | $259K | — | 100x | |
| Nado NEAR-PERP | +0.0389% | 1h | 4.5000 | −0.003% | $1.7M | $3.2M | 10x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0520% | 1h | 4.5049 | +0.105% | $2.3M | $17.8M | 50x | as long as short |
| RISEx NEAR/USDC | +0.0569% | 1h | 4.5007 | +0.011% | $642K | $1.6M | 10x | as long as short |
| Lighter RH NEAR | +0.0624% | 1h | 4.5056 | +0.121% | $1.6M | $6.1M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0706% | 1h | 4.5079 | +0.172% | $1.1M | $7.0M | 20x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0794% | 1h | 4.5051 | +0.110% | $1.9M | $13.0M | 25x | as long as short |
| Phoenix NEAR | +0.0851% | 1h | 4.5143 | +0.314% | $1.7M | $2.5M | 10x | as long as short |
| Pacifica NEAR | +0.0883% | 1h | 4.5039 | +0.083% | $418K | $1.4M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1203% | 1h | 4.5072 | +0.157% | $6K | $7K | 10x | as long as short |
Arcus NEAR-USD
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
Kalshi KXNEARPERP
Paradex NEAR-USD-PERP
Extended NEAR-USD
Aevo NEAR-PERP
01 Exchange NEARUSD
BloFin NEAR-USDT
Hyperliquid NEAR
Lighter NEAR
Nado NEAR-PERP
Coinbase International NEAR-PERP-INTX
RISEx NEAR/USDC
Lighter RH NEAR
Backpack NEAR_USDC_PERP
Deribit NEAR_USDC-PERPETUAL
Phoenix NEAR
Pacifica NEAR
Aftermath Perps NEARUSD