NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0247%/8h= −27.1% APRnext payment −$0.31 per $10,000 · paid last 24h −0.077%

Price spread now: Bulk against GMX+0.038%7-day average +0.012% · you sell dearer than you buy

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

Long on GMX Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.214%−$21 on $10k

Price spread, last 3 days (all we have)−0.355%−$35 · spread now +0.038%, 7d avg +0.012%

Together, before fees−0.569%−$57 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bulk is 0.026% dearer against GMX than usual: you sell high and buy low (spread +0.038% now, against its 7-day average of +0.012%): +$3 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 8 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX NEAR/USD [ETH-USDC]	4.3833	L +0.0347% / S −0.0242%	pay 0.0043% / 1h	15m 19s	$255K	—	100x
Short	Bulk NEAR-USD	4.3850	0.0100	get 0.0013% / 1h	15m 19s	$250K	−$0	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against GMX. 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 GMXbpFee BulkbpOrdersPrice spread, now +0.038%Rate

Funding earned: −$51.94
Price spread: +0.038% → +0.012%: $2.58
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$68.35
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Bulk: live order book, 54 min ago. 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 GMX no order-book sample	—	—	—	—	—
Sell Bulk live order book, 54 min ago	11.59 bp	15.1 bp −$15	15.1 bp −$151	25.1 bp −$2,507	44.6 bp −$22.3K

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	4.3857	+0.055%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0064%	1h	4.3882	+0.111%	$2.2M	$14.3M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3762	−0.163%	$108K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3875	+0.095%	$599K	$20.0M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3840	+0.015%	$194K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.529%	$578	$302K	12x	as long as short
Variational Omni NEAR	+0.0088%	8h	4.3887	+0.122%	$8.5M	$18.5M	—	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3820	−0.031%	$112K	$495K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3815	−0.043%	$412K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3864	+0.071%	$266.3M	$1.08B	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit NEARUSDT	+0.0100%	8h	4.3839	+0.013%	$222.1M	$422.6M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3820	−0.031%	$62.3M	$290.6M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3890	+0.129%	$209K	$1.7M	10x	as long as short
Bulk NEAR-USDshort	+0.0100%	1h	4.3850	+0.038%	$250K	−$0	10x
Gate NEAR_USDT	+0.0100%	8h	4.3830	−0.008%	$31.6M	$62.7M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3850	+0.038%	$75.1M	$143.2M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3910	+0.175%	$53.9M	$43.7M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3823	−0.024%	$72.1M	$126.2M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3840	+0.015%	—	$143.4M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4564	+1.666%	$281K	$1.0M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4520	+1.566%	$1.5M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4540	+1.612%	$183K	$765K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3888	+0.125%	$210K	$3.6M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3836	+0.006%	$60K	$190K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3900	+0.152%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3835	+0.004%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3990	+0.357%	$454K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3870	+0.084%	$3.9M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.3783	−0.116%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3810	−0.054%	$3.8M	$18.5M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3855	+0.049%	$204K	$34K	3x	as long as short
Aster NEARUSDT	+0.0176%	8h	4.3835	+0.003%	$3.0M	$5.8M	50x	as long as short
Kraken Futures PF_NEARUSD	+0.0216%	1h	4.3835	+0.003%	$8.0M	$40.8M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0343%	1h	4.3862	+0.065%	$1.9M	$4.2M	25x	as long as short
GMX NEAR/USD [ETH-USDC]long	L +0.0347% / S −0.0242%	1h	4.3833	long leg	$255K	—	100x
Nado NEAR-PERP	+0.0407%	1h	4.3860	+0.061%	$1.9M	$3.1M	10x	as long as short
01 Exchange NEARUSD	+0.0416%	1h	4.3859	+0.058%	$13K	$7K	10x	as long as short
RISEx NEAR/USDC	+0.0509%	1h	4.3860	+0.060%	$554K	$1.3M	10x	as long as short
Phoenix NEAR	+0.0592%	1h	4.4150	+0.722%	$1.8M	$2.6M	10x	as long as short
Lighter RH NEAR	+0.0792%	1h	4.3878	+0.102%	$1.6M	$7.0M	10x	as long as short
Hyperliquid NEAR	+0.0902%	1h	4.3925	+0.209%	$370.0M	$309.3M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0920%	1h	4.3934	+0.230%	$1.4M	$6.3M	20x	as long as short
Aftermath Perps NEARUSD	+0.1638%	1h	4.4124	+0.662%	$6K	$12K	10x	as long as short
Lighter NEAR	+0.1760%	1h	4.3945	+0.255%	$17.6M	$25.7M	15x	as long as short