Funding you earn now, next payment 11:00 UTC−0.0013%/8h= −1.4% APRnext payment −$0.02 per $10,000 · paid last 24h −0.115%
Price spread now: GMX against Hyperliquid+0.076%96s7-day average −0.130% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.092%−$9 on $10k
+Price spread, last 4 days (all we have)−0.016%−$2 · spread now +0.076%, 7d avg −0.130%
=Together, before fees−0.109%+ Points / potential airdropHyperliquid: Season 2 · farm board−$11 on $10k · with fees, hour by hour
The price spread pays, funding is against you. GMX is 0.207% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.076% now, against its 7-day average of −0.130%): +$21 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 54 days. At the pace of the last 4 days (−0.092% in total) that is about 8.1 days. The two prices were read 96 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 | Hyperliquid NEAR | 4.4891 | 0.0239 | pay 0.0030% / 1h | 50m 47s | $361.7M | $314.6M | 10x |
| Short | GMX NEAR/USD [ETH-USDC] | 4.4925 | L +0.0341% / S −0.0226% | get 0.0028% / 1h | 50m 47s | $263K | — | 100x |
Hyperliquid NEAR
GMX NEAR/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Hyperliquid. 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
- −$2.69
- Price spread: +0.076% → −0.130%
- $20.67
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$3.02
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 6 min ago; GMX: 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 Hyperliquid live order book, 6 min ago | 0.44 bp | 6.3 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_NEARUSD | −0.0236% | 1h | 4.4846 | −0.100% | $7.4M | $36.9M | 50x | as long as short |
| Reya NEARRUSDPERP | −0.0171% | 1h | 4.4859 | −0.071% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.4788 | −0.230% | $110K | $53K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.4803 | −0.196% | $842K | $26.2M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.4768 | −0.274% | $168K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −7.754% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.4790 | −0.225% | $123K | $505K | 50x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.4910 | +0.042% | $2.6M | $4.7M | 50x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.4882 | −0.020% | $272.4M | $1.08B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.4858 | −0.074% | $231.7M | $427.8M | 75x | as long as short |
Kraken Futures PF_NEARUSD
Reya NEARRUSDPERP
dYdX NEAR-USD
Kalshi KXNEARPERP
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 | |
|---|---|---|---|---|---|---|---|---|
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.4850 | −0.091% | $64.2M | $298.5M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.4950 | +0.131% | $268K | $12K | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.4899 | +0.018% | $39.9M | $61.9M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.4900 | +0.020% | $75.9M | $167.4M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.4920 | +0.065% | $53.3M | $44.0M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.4843 | −0.107% | $74.4M | $126.7M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.4890 | −0.002% | — | $6.7M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.4874 | −0.039% | $8.9M | $16.8M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.4775 | −0.258% | $265K | $869K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.4810 | −0.181% | $1.5M | $1.7M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.4780 | −0.247% | $167K | $824K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.4808 | −0.185% | $280K | $4.0M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.4868 | −0.051% | $58K | $269K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.4930 | +0.087% | $1K | $1.3M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.4865 | −0.058% | $5K | $40K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.4840 | −0.114% | $465K | $3.7M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.4910 | +0.042% | $3.4M | $7.9M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0102% | 8h | 4.4859 | −0.072% | $32K | $53 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.4890 | −0.002% | $3.8M | $15.0M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.4849 | −0.093% | $209K | $38K | 3x | as long as short |
| Lighter NEAR | +0.0168% | 1h | 4.4918 | +0.060% | $17.5M | $23.3M | 15x | as long as short |
| Nado NEAR-PERP | +0.0209% | 1h | 4.4800 | −0.203% | $1.7M | $3.1M | 10x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.4940 | +0.109% | $12.9M | $32.6M | 75x | as long as short |
| Hyperliquid NEARlong | +0.0239% | 1h | 4.4891 | long leg | $361.7M | $314.6M | 10x | |
| 01 Exchange NEARUSD | +0.0248% | 1h | 4.4804 | −0.194% | $13K | $4K | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC]short | L +0.0341% / S −0.0226% | 1h | 4.4925 | +0.076% | $263K | — | 100x | |
| Arcus NEAR-USD | +0.0343% | 1h | 4.4910 | +0.042% | $227K | $1.4M | 10x | as long as short |
| Lighter RH NEAR | +0.0384% | 1h | 4.4906 | +0.033% | $1.6M | $5.8M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0489% | 1h | 4.4854 | −0.082% | $633K | $1.6M | 10x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0504% | 1h | 4.4903 | +0.027% | $2.3M | $17.6M | 50x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0641% | 1h | 4.4944 | +0.118% | $1.1M | $7.0M | 20x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0687% | 1h | 4.4888 | −0.007% | $1.9M | $13.0M | 25x | as long as short |
| Phoenix NEAR | +0.0741% | 1h | 4.4898 | +0.016% | $1.7M | $2.7M | 10x | as long as short |
| Pacifica NEAR | +0.0851% | 1h | 4.4903 | +0.028% | $422K | $1.4M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1141% | 1h | 4.4863 | −0.063% | $6K | $6K | 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
Extended NEAR-USD
Aevo NEAR-PERP
Lighter NEAR
Nado NEAR-PERP
BloFin NEAR-USDT
01 Exchange NEARUSD
Arcus NEAR-USD
Lighter RH NEAR
RISEx NEAR/USDC
Coinbase International NEAR-PERP-INTX
Backpack NEAR_USDC_PERP
Deribit NEAR_USDC-PERPETUAL
Phoenix NEAR
Pacifica NEAR
Aftermath Perps NEARUSD