NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0098%/8h= +10.7% APRnext payment +$0.12 per $10,000 · paid last 24h +0.054%

Price spread now: GMX against Polymarket Perps−0.066%7-day average −0.023% · you buy dearer than you sell

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

Long on Polymarket Perps Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.254%+$25 on $10k

Price spread, last 4 days (all we have)+0.384%+$38 · spread now −0.066%, 7d avg −0.023%

Together, before fees+0.638%+$64 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.043% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.066% now, against its 7-day average of −0.023%). If the spread goes back, that is −$4 on $10k: about 35 hours of funding at the current rate (+$3 a day). At the pace of the last 3 days (+0.254% in total) that is about 14 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps NEAR-USD	4.3520	0.0100	pay 0.0013% / 1h	17m 29s	$275K	$3.9M	10x
Short	GMX NEAR/USD [ETH-USDC]	4.3491	L +0.0324% / S −0.0198%	get 0.0025% / 1h	17m 29s	$235K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Polymarket Perps. 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 Polymarket PerpsbpFee GMXbpOrdersPrice spread, now −0.066%Rate

Funding earned: $20.51
Price spread: −0.066% → −0.023%: −$4.32
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: −$3.81
Costs to cover: 0.200%
Break-even: 8.3 days

Slippage unknown: Polymarket Perps: 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 Polymarket Perps live order book, 2 min ago	0.12 bp	7.9 bp −$8	12.4 bp −$124	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	4.3492	−0.064%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3461	−0.135%	$107K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3479	−0.095%	$163K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.848%	$578	$301K	12x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0056%	1h	4.3516	−0.009%	$2.3M	$15.9M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3500	−0.046%	$111K	$502K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3540	+0.046%	$266.3M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3500	−0.046%	$215.1M	$425.9M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3510	−0.023%	$61.6M	$289.9M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3250	−0.620%	$246K	−$0	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NEAR_USDT	+0.0100%	8h	4.3494	−0.060%	$32.2M	$61.8M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3540	+0.046%	$74.2M	$146.0M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3520	0.000%	$53.9M	$45.8M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3493	−0.062%	$71.7M	$127.7M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3510	−0.023%	—	$144.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3327	−0.443%	$8.2M	$18.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3370	−0.344%	$253K	$949K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3370	−0.345%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3460	−0.138%	$167K	$796K	50x	as long as short
Polymarket Perps NEAR-USDlong	+0.0100%	1h	4.3520	long leg	$275K	$3.9M	10x
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3540	+0.046%	$58K	$246K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3510	−0.023%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3560	+0.092%	$472K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3510	−0.023%	$3.7M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3446	−0.170%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3483	−0.084%	$202K	$37K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3430	−0.207%	$13.5M	$32.2M	75x	as long as short
Pacifica NEAR	+0.0263%	1h	4.3487	−0.077%	$402K	$1.3M	10x	as long as short
Kalshi KXNEARPERP	+0.0288%	8h	4.3412	−0.248%	$873K	$23.4M	2.2x	as long as short
GMX NEAR/USD [ETH-USDC]short	L +0.0324% / S −0.0198%	1h	4.3491	−0.066%	$235K	—	100x
Aster NEARUSDT	+0.0324%	8h	4.3530	+0.023%	$2.9M	$5.5M	50x	as long as short
SoDEX NEAR-USD	+0.0361%	1h	4.3455	−0.149%	$6K	$53K	10x	as long as short
01 Exchange NEARUSD	+0.0520%	1h	4.3553	+0.076%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0558%	1h	4.3475	−0.103%	$1.8M	$3.1M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0586%	1h	4.3512	−0.018%	$1.3M	$6.7M	20x	as long as short
Hyperliquid NEAR	+0.0592%	1h	4.3543	+0.053%	$356.5M	$314.3M	10x	as long as short
Extended NEAR-USD	+0.0600%	1h	4.3477	−0.098%	$3.8M	$20.0M	25x	as long as short
Arcus NEAR-USD	+0.0627%	1h	4.3540	+0.046%	$214K	$1.6M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0709%	1h	4.3472	−0.110%	$7.6M	$39.0M	50x	as long as short
Lighter RH NEAR	+0.0896%	1h	4.3540	+0.046%	$1.5M	$7.4M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0924%	1h	4.3484	−0.083%	$1.9M	$9.5M	25x	as long as short
Phoenix NEAR	+0.0941%	1h	4.3602	+0.188%	$1.8M	$2.8M	10x	as long as short
Lighter NEAR	+0.1104%	1h	4.3546	+0.060%	$17.6M	$25.1M	15x	as long as short
RISEx NEAR/USDC	+0.1162%	1h	4.3530	+0.023%	$687K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1576%	1h	4.3502	−0.042%	$5K	$13K	10x	as long as short