Funding you earn now, next payment 05:00 UTC−0.0706%/8h= −77.3% APRnext payment −$0.88 per $10,000 · paid last 24h −0.003%
Price spread now: GMX against Lighter RH−0.187%7-day average −0.155% · 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)−0.066%−$7 on $10k
+Price spread, last 4 days (all we have)+0.026%+$3 · spread now −0.187%, 7d avg −0.155%
=Together, before fees−0.041%+ Points / potential airdropLighter RH: Points live · farm board−$4 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and GMX is 0.032% cheaper against Lighter RH than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.155%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.066% in total (about -7.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.88 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 | Lighter RH NEAR | 4.2965 | 0.0904 | pay 0.0113% / 1h | 3m 36s | $1.5M | $7.4M | 10x |
| Short | GMX NEAR/USD [ETH-USDC] | 4.2885 | L +0.0322% / S −0.0198% | get 0.0025% / 1h | 3m 36s | $232K | — | 100x |
Lighter RH NEAR
GMX NEAR/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Lighter RH. 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
- −$148.33
- Price spread: −0.187% → −0.155%
- −$3.2
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$163.53
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Lighter RH: live order book, 5 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 Lighter RH live order book, 5 min ago | 3.24 bp | 5.5 bp −$6 | 11.7 bp −$117 | 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 | 4.2969 | +0.009% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.2873 | −0.215% | $106K | $68K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.2893 | −0.167% | $161K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −3.619% | $578 | $301K | 12x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0056% | 1h | 4.2940 | −0.058% | $2.3M | $15.7M | 50x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.2970 | +0.012% | $111K | $501K | 50x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.2993 | +0.066% | $262.2M | $1.09B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.2974 | +0.021% | $212.8M | $426.4M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.2970 | +0.012% | $60.7M | $285.7M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3449 | +1.127% | $248K | −$0 | 10x | as long as short |
Reya NEARRUSDPERP
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Coinbase International NEAR-PERP-INTX
Popdex NEARUSDT
Binance NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Bulk NEAR-USDShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate NEAR_USDT | +0.0100% | 8h | 4.2905 | −0.140% | $31.9M | $62.6M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.2940 | −0.058% | $73.1M | $147.6M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.2910 | −0.128% | $53.3M | $45.8M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.2978 | +0.030% | $71.1M | $127.4M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.2960 | −0.012% | — | $144.4M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.2987 | +0.052% | $8.1M | $17.9M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.2977 | +0.027% | $251K | $949K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.2967 | +0.006% | $1.4M | $1.5M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3190 | +0.524% | $166K | $794K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3000 | +0.081% | $268K | $3.9M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.2903 | −0.144% | $57K | $246K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3000 | +0.081% | $2K | $1.4M | 20x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.2990 | +0.058% | $460K | $3.9M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.2950 | −0.035% | $3.6M | $8.3M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.2905 | −0.141% | $31K | $608 | 10x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.2915 | −0.116% | $200K | $37K | 3x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.2990 | +0.058% | $13.4M | $31.7M | 75x | as long as short |
| Kalshi KXNEARPERP | +0.0250% | 8h | 4.2956 | −0.021% | $776K | $23.9M | 2.2x | as long as short |
| Pacifica NEAR | +0.0263% | 1h | 4.2925 | −0.092% | $396K | $1.3M | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC]short | L +0.0322% / S −0.0198% | 1h | 4.2885 | −0.187% | $232K | — | 100x | |
| SoDEX NEAR-USD | +0.0324% | 1h | 4.2875 | −0.209% | $6K | $53K | 10x | as long as short |
| Aster NEARUSDT | +0.0331% | 8h | 4.2980 | +0.035% | $2.8M | $5.5M | 50x | as long as short |
| 01 Exchange NEARUSD | +0.0528% | 1h | 4.2999 | +0.079% | $13K | $7K | 10x | as long as short |
| Extended NEAR-USD | +0.0560% | 1h | 4.2922 | −0.101% | $3.7M | $19.8M | 25x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0563% | 1h | 4.2966 | +0.002% | $1.3M | $6.8M | 20x | as long as short |
| Nado NEAR-PERP | +0.0564% | 1h | 4.2950 | −0.035% | $1.8M | $3.1M | 10x | as long as short |
| Hyperliquid NEAR | +0.0564% | 1h | 4.3000 | +0.081% | $352.0M | $313.1M | 10x | as long as short |
| Arcus NEAR-USD | +0.0627% | 1h | 4.2990 | +0.058% | $211K | $1.6M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0706% | 1h | 4.2910 | −0.128% | $1.9M | $9.9M | 25x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0719% | 1h | 4.2883 | −0.191% | $7.5M | $38.9M | 50x | as long as short |
| Lighter RH NEARlong | +0.0904% | 1h | 4.2965 | long leg | $1.5M | $7.4M | 10x | |
| Phoenix NEAR | +0.0941% | 1h | 4.3300 | +0.780% | $1.8M | $2.8M | 10x | as long as short |
| Lighter NEAR | +0.1032% | 1h | 4.2972 | +0.015% | $17.3M | $25.1M | 15x | as long as short |
| RISEx NEAR/USDC | +0.1162% | 1h | 4.2990 | +0.059% | $672K | $1.3M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1540% | 1h | 4.3126 | +0.375% | $5K | $12K | 10x | as long as short |
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDT
Variational Omni NEAR
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
HTX NEAR-USDT
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Aevo NEAR-PERP
BloFin NEAR-USDT
Kalshi KXNEARPERP
Pacifica NEAR
SoDEX NEAR-USD
Aster NEARUSDT
01 Exchange NEARUSD
Extended NEAR-USD
Backpack NEAR_USDC_PERP
Nado NEAR-PERP
Hyperliquid NEAR
Arcus NEAR-USD
Deribit NEAR_USDC-PERPETUAL
Kraken Futures PF_NEARUSD
Phoenix NEAR
Lighter NEAR
RISEx NEAR/USDC
Aftermath Perps NEARUSD