Funding you earn now, next payment 03:00 UTC−0.0461%/8h= −50.5% APRnext payment −$0.58 per $10,000 · paid last 24h −0.024%
Price spread now: GMX against Kraken Futures−0.107%7-day average −0.043% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.039%+$4 on $10k
+Price spread, last 3 days (all we have)+0.085%+$9 · spread now −0.107%, 7d avg −0.043%
=Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and GMX is 0.064% cheaper against Kraken Futures than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.043%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.039% in total (about 4.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.58 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 | Kraken Futures PF_NEARUSD | 4.3690 | 0.0705 | pay 0.0088% / 1h | 50m 04s | $8.1M | $41.0M | 50x |
| Short | GMX NEAR/USD [ETH-USDC] | 4.3643 | L +0.0349% / S −0.0244% | get 0.0030% / 1h | 50m 04s | $257K | — | 100x |
Kraken Futures PF_NEARUSD
GMX NEAR/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Kraken Futures. 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
- −$96.88
- Price spread: −0.107% → −0.043%
- −$6.41
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$125.3
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 4 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 Kraken Futures live order book, 4 min ago | 6.97 bp | 13.8 bp −$14 | 20.4 bp −$204 | 39.8 bp −$3,981 | 6151.5 bp −$3.08M |
| 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 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 | 4.3678 | −0.028% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0016% | 1h | 4.3651 | −0.089% | $2.2M | $14.2M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3816 | +0.289% | $108K | $70K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.3747 | +0.130% | $545K | $19.3M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.3659 | −0.072% | $198K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −5.219% | $578 | $302K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3780 | +0.206% | $115K | $484K | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.3876 | +0.425% | $414K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.3700 | +0.023% | $265.3M | $1.07B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3680 | −0.023% | $220.8M | $416.7M | 75x | as long as short |
Reya NEARRUSDPERP
Coinbase International NEAR-PERP-INTX
dYdX NEAR-USD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Pacifica NEAR
Binance NEARUSDT
Bybit NEARUSDTShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3670 | −0.046% | $62.3M | $288.4M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3657 | −0.076% | $249K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3681 | −0.021% | $31.4M | $61.7M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.3710 | +0.046% | $75.4M | $139.8M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3700 | +0.023% | $54.5M | $44.0M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3676 | −0.032% | $71.7M | $126.1M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.3690 | 0.000% | — | $6.6M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.3926 | +0.541% | $8.5M | $18.2M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3800 | +0.253% | $268K | $994K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3770 | +0.183% | $1.4M | $1.4M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3790 | +0.229% | $195K | $778K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3788 | +0.224% | $205K | $3.6M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.3685 | −0.012% | $60K | $190K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3700 | +0.023% | $1K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.3675 | −0.035% | $5K | $51K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.3800 | +0.252% | $458K | $3.9M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3690 | 0.000% | $3.8M | $8.1M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.3858 | +0.385% | $32K | $608 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.3659 | −0.071% | $3.8M | $18.5M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.3691 | +0.003% | $203K | $34K | 3x | as long as short |
| Aster NEARUSDT | +0.0202% | 8h | 4.3730 | +0.091% | $3.0M | $5.5M | 50x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0231% | 1h | 4.3689 | −0.003% | $1.9M | $4.3M | 25x | as long as short |
| GMX NEAR/USD [ETH-USDC]short | L +0.0349% / S −0.0244% | 1h | 4.3643 | −0.107% | $257K | — | 100x | |
| Nado NEAR-PERP | +0.0378% | 1h | 4.3730 | +0.091% | $1.9M | $3.0M | 10x | as long as short |
| 01 Exchange NEARUSD | +0.0408% | 1h | 4.3787 | +0.222% | $13K | $7K | 10x | as long as short |
| Arcus NEAR-USD | +0.0410% | 1h | 4.3850 | +0.366% | $209K | $1.7M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0670% | 1h | 4.3717 | +0.062% | $1.4M | $6.4M | 20x | as long as short |
| Kraken Futures PF_NEARUSDlong | +0.0705% | 1h | 4.3690 | long leg | $8.1M | $41.0M | 50x | |
| Lighter RH NEAR | +0.0776% | 1h | 4.3746 | +0.128% | $1.6M | $6.9M | 10x | as long as short |
| Hyperliquid NEAR | +0.0789% | 1h | 4.3751 | +0.139% | $368.6M | $304.4M | 10x | as long as short |
| Phoenix NEAR | +0.0855% | 1h | 4.3944 | +0.581% | $1.8M | $2.7M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0924% | 1h | 4.3824 | +0.305% | $552K | $1.3M | 10x | as long as short |
| Lighter NEAR | +0.1040% | 1h | 4.3791 | +0.231% | $17.5M | $25.6M | 15x | as long as short |
| Aftermath Perps NEARUSD | +0.1702% | 1h | 4.3779 | +0.204% | $6K | $12K | 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
Aster NEARUSDT
Deribit NEAR_USDC-PERPETUAL
Nado NEAR-PERP
01 Exchange NEARUSD
Arcus NEAR-USD
Backpack NEAR_USDC_PERP
Lighter RH NEAR
Hyperliquid NEAR
Phoenix NEAR
RISEx NEAR/USDC
Lighter NEAR
Aftermath Perps NEARUSD