Funding you earn now, next payment 08:00 UTC+0.0073%/8h= +8.0% APRpaid last 24h +0.080%
Price spread now: GMX against Kalshi+0.157%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)+0.360%+$36 on $10k
+Price spread, last 4 days (all we have)−0.022%−$2 · spread now +0.157%, 7d avg +0.026%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and GMX is 0.132% dearer against Kalshi than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.026%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kalshi KXNEARPERP | 4.3521 | 0.0169 | pay 0.0169% / 8h | 4h 03m | $940K | $25.1M | 2.2x |
| Short | GMX NEAR/USD [ETH-USDC] | 4.3590 | L +0.0342% / S −0.0242% | get 0.0030% / 1h | 3m 15s | $253K | — | 100x |
Kalshi KXNEARPERP
GMX NEAR/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Kalshi. 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
- $15.3
- Price spread: +0.157% → +0.026%
- $13.15
- Slippage, 4 orders
- no order book: not counted
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $6.46
- Costs to cover
- 0.220%
- Break-even
- 4.0 days
Slippage unknown: Kalshi: 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 Kalshi live order book, 6 min ago | 6.73 bp | 11.7 bp −$12 | 18.3 bp −$183 | 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 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 | 4.3529 | +0.019% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3462 | −0.135% | $107K | $68K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.3591 | +0.161% | $163K | — | 150x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0017% | 1h | 4.3621 | +0.229% | $7.2M | $38.7M | 50x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −4.851% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3570 | +0.113% | $114K | $499K | 50x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3600 | +0.182% | $219.8M | $430.3M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3610 | +0.204% | $61.4M | $296.1M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3750 | +0.526% | $249K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3562 | +0.094% | $35.9M | $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 | 4.3570 | +0.113% | $52.8M | $46.0M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3618 | +0.223% | $72.1M | $127.9M | 75x | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.3549 | +0.065% | $8.9M | $18.6M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3722 | +0.463% | $253K | $896K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3681 | +0.368% | $1.4M | $1.6M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3680 | +0.365% | $167K | $816K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3598 | +0.177% | $274K | $4.1M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.3643 | +0.280% | $58K | $235K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3630 | +0.250% | $1K | $1.3M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.3625 | +0.239% | $5K | $50K | 10x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3620 | +0.227% | $3.5M | $8.2M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.3587 | +0.152% | $31K | $585 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.3605 | +0.192% | $3.6M | $16.4M | 25x | as long as short |
| Aster NEARUSDT | +0.0105% | 8h | 4.3580 | +0.136% | $2.7M | $4.8M | 50x | as long as short |
| Aevo NEAR-PERP | +0.0120% | 1h | 4.3630 | +0.250% | $203K | $38K | 3x | as long as short |
| Hyperliquid NEAR | +0.0134% | 1h | 4.3574 | +0.122% | $351.1M | $316.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0144% | 8h | 4.3607 | +0.197% | $263.4M | $1.09B | 75x | as long as short |
| MEXC NEAR_USDT | +0.0146% | 8h | 4.3560 | +0.090% | $88.8M | $154.7M | 200x | as long as short |
| BingX NEAR-USDT | +0.0155% | 8h | 4.3600 | +0.182% | — | $83.1M | — | as long as short |
| HTX NEAR-USDT | +0.0159% | 8h | 4.3690 | +0.388% | $465K | $3.8M | 75x | as long as short |
| Kalshi KXNEARPERPlong | +0.0169% | 8h | 4.3521 | long leg | $940K | $25.1M | 2.2x | |
| 01 Exchange NEARUSD | +0.0232% | 1h | 4.3587 | +0.152% | $13K | $7K | 10x | as long as short |
| BloFin NEAR-USDT | +0.0264% | 8h | 4.3630 | +0.250% | $13.4M | $32.1M | 75x | as long as short |
| GMX NEAR/USD [ETH-USDC]short | L +0.0342% / S −0.0242% | 1h | 4.3590 | +0.157% | $253K | — | 100x | |
| Nado NEAR-PERP | +0.0371% | 1h | 4.3569 | +0.110% | $1.7M | $3.2M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0471% | 1h | 4.3506 | −0.034% | $1.1M | $7.2M | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0488% | 1h | 4.3621 | +0.230% | $2.3M | $17.0M | 50x | as long as short |
| Lighter RH NEAR | +0.0496% | 1h | 4.3675 | +0.354% | $1.5M | $6.8M | 10x | as long as short |
| Lighter NEAR | +0.0560% | 1h | 4.3684 | +0.375% | $17.2M | $25.4M | 15x | as long as short |
| Arcus NEAR-USD | +0.0638% | 1h | 4.3580 | +0.136% | $228K | $1.5M | 10x | as long as short |
| Pacifica NEAR | +0.0949% | 1h | 4.3557 | +0.082% | $411K | $1.4M | 10x | as long as short |
| Phoenix NEAR | +0.0949% | 1h | 4.3702 | +0.416% | $1.8M | $2.4M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0965% | 1h | 4.3563 | +0.097% | $604K | $1.4M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1125% | 1h | 4.3624 | +0.236% | $5K | $7K | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.1355% | 1h | 4.3690 | +0.388% | $1.9M | $13.1M | 25x | 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
Binance NEARUSDT
MEXC NEAR_USDT
BingX NEAR-USDT
HTX NEAR-USDT
01 Exchange NEARUSD
BloFin NEAR-USDT
Nado NEAR-PERP
Backpack NEAR_USDC_PERP
Coinbase International NEAR-PERP-INTX
Lighter RH NEAR
Lighter NEAR
Arcus NEAR-USD
Pacifica NEAR
Phoenix NEAR
RISEx NEAR/USDC
Aftermath Perps NEARUSD
Deribit NEAR_USDC-PERPETUAL