NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0462%/8h= +50.6% APRnext payment +$0.58 per $10,000 · paid last 24h −0.065%

Price spread now: GMX against Kraken Futures−0.050%7-day average −0.047% · you buy dearer than you sell

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

Long on Kraken Futures Short on GMX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.027%+$3 on $10k

Price spread, last 4 days (all we have)−0.003%$0 · spread now −0.050%, 7d avg −0.047%

Together, before fees+0.024%+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.047%, so right now this pair is about funding alone: +$14 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.027% in total (about 2.7% 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 are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_NEARUSD	4.4672	−0.0237	get 0.0030% / 1h	44m 44s	$7.4M	$36.9M	50x
Short	GMX NEAR/USD [ETH-USDC]	4.4650	L +0.0341% / S −0.0226%	get 0.0028% / 1h	44m 44s	$262K	—	100x

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 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 Kraken FuturesbpFee GMXbpOrdersPrice spread, now −0.050%Rate

Funding earned: $97.11
Price spread: −0.050% → −0.047%: −$0.25
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $74.87
Costs to cover: 0.220%
Break-even: 1.6 days

Slippage unknown: Kraken Futures: live order book, 2 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, 2 min ago	4.92 bp	11.4 bp −$11	15.3 bp −$153	40.6 bp −$4,056	6147.8 bp −$3.07M
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 exchanges

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
Kraken Futures PF_NEARUSDlong	−0.0237%	1h	4.4672	long leg	$7.4M	$36.9M	50x
Reya NEARRUSDPERP	−0.0171%	1h	4.4684	+0.026%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4644	−0.063%	$109K	$53K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4712	+0.089%	$841K	$26.1M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4671	−0.003%	$168K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.303%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4750	+0.174%	$123K	$504K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.4676	+0.008%	$2.6M	$4.7M	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4664	−0.019%	$271.0M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4666	−0.014%	$230.7M	$427.0M	75x	as long as short

Show all 45 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4660	−0.028%	$63.9M	$296.8M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4750	+0.174%	$267K	$12K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4663	−0.021%	$39.7M	$62.1M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4680	+0.017%	$76.1M	$168.0M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4680	+0.017%	$53.1M	$43.8M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4666	−0.014%	$74.1M	$126.2M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.4680	+0.017%	—	$76.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4714	+0.092%	$8.9M	$16.4M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4825	+0.341%	$265K	$871K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4781	+0.242%	$1.5M	$1.7M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4820	+0.330%	$167K	$822K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4723	+0.113%	$274K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4676	+0.008%	$58K	$269K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4730	+0.129%	$2K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4695	+0.050%	$5K	$34K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4750	+0.174%	$464K	$3.7M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4700	+0.062%	$3.3M	$8.0M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.4658	−0.031%	$33K	$245	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4675	+0.006%	$3.7M	$15.0M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4655	−0.040%	$208K	$38K	3x	as long as short
Hyperliquid NEAR	+0.0161%	1h	4.4693	+0.046%	$360.1M	$314.8M	10x	as long as short
01 Exchange NEARUSD	+0.0208%	1h	4.4746	+0.165%	$13K	$4K	10x	as long as short
Nado NEAR-PERP	+0.0219%	1h	4.4704	+0.072%	$1.8M	$3.1M	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4700	+0.062%	$12.9M	$32.4M	75x	as long as short
Lighter NEAR	+0.0232%	1h	4.4704	+0.070%	$17.4M	$23.3M	15x	as long as short
Lighter RH NEAR	+0.0296%	1h	4.4712	+0.089%	$1.5M	$5.9M	10x	as long as short
GMX NEAR/USD [ETH-USDC]short	L +0.0341% / S −0.0226%	1h	4.4650	−0.050%	$262K	—	100x
Arcus NEAR-USD	+0.0343%	1h	4.4720	+0.106%	$226K	$1.4M	10x	as long as short
RISEx NEAR/USDC	+0.0489%	1h	4.4698	+0.056%	$632K	$1.6M	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0504%	1h	4.4797	+0.279%	$2.3M	$17.5M	50x	as long as short
Backpack NEAR_USDC_PERP	+0.0610%	1h	4.4707	+0.077%	$1.1M	$7.1M	20x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0691%	1h	4.4694	+0.048%	$1.9M	$13.0M	25x	as long as short
Phoenix NEAR	+0.0741%	1h	4.4913	+0.538%	$1.7M	$2.7M	10x	as long as short
Pacifica NEAR	+0.0851%	1h	4.4671	−0.004%	$418K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1125%	1h	4.4817	+0.323%	$6K	$6K	10x	as long as short