NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0730%/8h= −79.9% APRnext payment −$0.91 per $10,000 · paid last 24h −0.032%

Price spread now: GMX against Deribit−0.167%7-day average −0.081% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.009%+$1 on $10k

Price spread, last 4 days (all we have)+0.099%+$10 · spread now −0.167%, 7d avg −0.081%

Together, before fees+0.107%+$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and GMX is 0.085% cheaper against Deribit than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.081%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.009% in total (about 0.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.91 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	Deribit NEAR_USDC-PERPETUAL	4.3252	0.0931	pay 0.0116% / 1h	57m 55s	$1.9M	$13.0M	25x
Short	GMX NEAR/USD [ETH-USDC]	4.3180	L +0.0313% / S −0.0201%	get 0.0025% / 1h	57m 55s	$231K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Deribit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee GMXbpOrdersPrice spread, now −0.167%Rate

Funding earned: −$153.32
Price spread: −0.167% → −0.081%: −$8.54
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee GMX: 6 bp × 2 orders: −$12
Net: −$180.86
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Deribit: live order book, 1 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 Deribit live order book, 1 min ago	3.82 bp	7.3 bp −$7	17.2 bp −$172	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	4.3153	−0.229%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3105	−0.340%	$106K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3179	−0.169%	$162K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0017%	1h	4.3212	−0.092%	$7.1M	$38.3M	50x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.259%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3160	−0.213%	$105K	$492K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3247	−0.012%	$218.6M	$431.4M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3220	−0.074%	$60.7M	$290.9M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3150	−0.235%	$246K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3227	−0.058%	$35.2M	$61.5M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NEARUSDTM	+0.0100%	8h	4.3250	−0.005%	$52.4M	$45.9M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3223	−0.067%	$71.5M	$128.6M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3137	−0.265%	$8.6M	$18.7M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3156	−0.221%	$250K	$907K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3153	−0.228%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3150	−0.236%	$163K	$804K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3188	−0.148%	$278K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3230	−0.051%	$58K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3310	+0.134%	$2K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3225	−0.062%	$5K	$53K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3260	+0.018%	$457K	$3.8M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3230	−0.051%	$3.6M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0103%	8h	4.3126	−0.291%	$31K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3222	−0.070%	$3.6M	$17.8M	25x	as long as short
Aevo NEAR-PERP	+0.0136%	1h	4.3242	−0.023%	$201K	$38K	3x	as long as short
BingX NEAR-USDC	+0.0203%	8h	4.3250	−0.005%	—	$6.6M	—	as long as short
Kalshi KXNEARPERP	+0.0209%	8h	4.3114	−0.319%	$937K	$25.1M	2.2x	as long as short
MEXC NEAR_USDT	+0.0212%	8h	4.3260	+0.018%	$76.3M	$147.9M	200x	as long as short
Binance NEARUSDT	+0.0214%	8h	4.3280	+0.065%	$263.0M	$1.09B	75x	as long as short
Aster NEARUSDT	+0.0245%	8h	4.3241	−0.027%	$2.7M	$4.9M	50x	as long as short
GMX NEAR/USD [ETH-USDC]short	L +0.0313% / S −0.0201%	1h	4.3180	−0.167%	$231K	—	100x
BloFin NEAR-USDT	+0.0333%	8h	4.3130	−0.282%	$13.4M	$31.9M	75x	as long as short
Backpack NEAR_USDC_PERP	+0.0386%	1h	4.3279	+0.062%	$1.3M	$7.0M	20x	as long as short
01 Exchange NEARUSD	+0.0408%	1h	4.3190	−0.143%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0451%	1h	4.3155	−0.224%	$1.6M	$3.2M	10x	as long as short
Hyperliquid NEAR	+0.0483%	1h	4.3273	+0.047%	$351.3M	$315.2M	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.3230	−0.051%	$2.3M	$16.6M	50x	as long as short
Arcus NEAR-USD	+0.0638%	1h	4.3180	−0.166%	$227K	$1.6M	10x	as long as short
Lighter NEAR	+0.0704%	1h	4.3284	+0.075%	$17.0M	$24.8M	15x	as long as short
Lighter RH NEAR	+0.0792%	1h	4.3287	+0.081%	$1.5M	$6.6M	10x	as long as short
Deribit NEAR_USDC-PERPETUALlong	+0.0931%	1h	4.3252	long leg	$1.9M	$13.0M	25x
Pacifica NEAR	+0.0949%	1h	4.3130	−0.282%	$406K	$1.5M	10x	as long as short
RISEx NEAR/USDC	+0.0965%	1h	4.3175	−0.179%	$655K	$1.4M	10x	as long as short
Phoenix NEAR	+0.1003%	1h	4.3312	+0.139%	$1.8M	$2.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1279%	1h	4.3268	+0.038%	$5K	$12K	10x	as long as short