Funding you earn now, next payment 08:00 UTC−0.0241%/8h= −26.4% APRpaid last 24h −0.074%
Price spread now: Phemex against GMX−0.040%7-day average +0.023% · 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)−0.235%−$23 on $10k
+Price spread, last 4 days (all we have)+0.043%+$4 · spread now −0.040%, 7d avg +0.023%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Phemex is 0.062% cheaper against GMX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.023%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX NEAR/USD [ETH-USDC] | 4.3687 | L +0.0341% / S −0.0240% | pay 0.0043% / 1h | 8m 32s | $254K | — | 100x |
| Short | Phemex NEARUSDT | 4.3670 | 0.0100 | get 0.0100% / 8h | 8m 32s | $3.6M | $8.2M | 50x |
GMX NEAR/USD [ETH-USDC]
Phemex NEARUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against GMX. 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
- −$50.57
- Price spread: −0.040% → +0.023%
- −$6.24
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$80.81
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Phemex: live order book, 5 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 Phemex live order book, 5 min ago | 2.29 bp | 17.3 bp −$17 | 42.6 bp −$426 | doesn't fit | doesn't fit |
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 | 4.3669 | −0.042% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3751 | +0.146% | $108K | $68K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.3680 | −0.017% | $163K | — | 150x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0016% | 1h | 4.3682 | −0.012% | $7.3M | $38.6M | 50x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −5.213% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3810 | +0.281% | $113K | $498K | 50x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3776 | +0.203% | $221.2M | $428.5M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3760 | +0.166% | $61.5M | $296.6M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3750 | +0.143% | $249K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3765 | +0.178% | $35.9M | $63.0M | 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 | 4.3780 | +0.212% | $53.1M | $46.0M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3771 | +0.191% | $72.4M | $127.8M | 75x | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.3490 | −0.453% | $8.9M | $18.6M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3477 | −0.482% | $252K | $894K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3514 | −0.397% | $1.4M | $1.6M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3440 | −0.566% | $166K | $816K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3721 | +0.077% | $278K | $4.1M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.3656 | −0.072% | $58K | $235K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3740 | +0.121% | $2K | $1.3M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.3680 | −0.017% | $5K | $50K | 10x | as long as short |
| Phemex NEARUSDTshort | +0.0100% | 8h | 4.3670 | −0.040% | $3.6M | $8.2M | 50x | |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.3762 | +0.170% | $32K | $585 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.3795 | +0.246% | $3.6M | $16.6M | 25x | as long as short |
| Aster NEARUSDT | +0.0119% | 8h | 4.3809 | +0.278% | $2.7M | $4.8M | 50x | as long as short |
| Aevo NEAR-PERP | +0.0120% | 1h | 4.3653 | −0.079% | $203K | $38K | 3x | as long as short |
| Hyperliquid NEAR | +0.0136% | 1h | 4.3781 | +0.214% | $353.4M | $315.5M | 10x | as long as short |
| MEXC NEAR_USDT | +0.0154% | 8h | 4.3770 | +0.189% | $90.8M | $154.2M | 200x | as long as short |
| HTX NEAR-USDT | +0.0155% | 8h | 4.3820 | +0.304% | $466K | $3.8M | 75x | as long as short |
| Binance NEARUSDT | +0.0155% | 8h | 4.3811 | +0.282% | $265.3M | $1.09B | 75x | as long as short |
| BingX NEAR-USDT | +0.0165% | 8h | 4.3810 | +0.281% | — | $144.2M | — | as long as short |
| Kalshi KXNEARPERP | +0.0173% | 8h | 4.3654 | −0.076% | $970K | $25.0M | 2.2x | as long as short |
| 01 Exchange NEARUSD | +0.0232% | 1h | 4.3855 | +0.384% | $13K | $7K | 10x | as long as short |
| BloFin NEAR-USDT | +0.0275% | 8h | 4.3680 | −0.017% | $13.3M | $32.2M | 75x | as long as short |
| GMX NEAR/USD [ETH-USDC]long | L +0.0341% / S −0.0240% | 1h | 4.3687 | long leg | $254K | — | 100x | |
| Nado NEAR-PERP | +0.0362% | 1h | 4.3761 | +0.168% | $1.7M | $3.2M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0461% | 1h | 4.3771 | +0.191% | $1.1M | $7.1M | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0488% | 1h | 4.3753 | +0.150% | $2.3M | $17.0M | 50x | as long as short |
| Lighter RH NEAR | +0.0488% | 1h | 4.3816 | +0.295% | $1.5M | $6.7M | 10x | as long as short |
| Lighter NEAR | +0.0536% | 1h | 4.3825 | +0.316% | $17.3M | $25.4M | 15x | as long as short |
| Arcus NEAR-USD | +0.0638% | 1h | 4.3810 | +0.281% | $229K | $1.5M | 10x | as long as short |
| Pacifica NEAR | +0.0949% | 1h | 4.3788 | +0.229% | $413K | $1.4M | 10x | as long as short |
| Phoenix NEAR | +0.0949% | 1h | 4.3782 | +0.217% | $1.8M | $2.4M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0965% | 1h | 4.3817 | +0.296% | $607K | $1.4M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.1079% | 1h | 4.3698 | +0.024% | $1.9M | $13.1M | 25x | as long as short |
| Aftermath Perps NEARUSD | +0.1100% | 1h | 4.3597 | −0.207% | $5K | $7K | 10x | 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
Paradex NEAR-USD-PERP
Extended NEAR-USD
Aster NEARUSDT
Aevo NEAR-PERP
Hyperliquid NEAR
MEXC NEAR_USDT
HTX NEAR-USDT
Binance NEARUSDT
BingX NEAR-USDT
Kalshi KXNEARPERP
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
Deribit NEAR_USDC-PERPETUAL
Aftermath Perps NEARUSD