Funding you earn now, next payment 05:00 UTC−0.0965%/8h= −105.6% APRnext payment −$1.21 per $10,000 · paid last 24h −0.092%
Price spread now: GMX against RISEx−0.246%46s7-day average −0.055% · 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)−0.133%−$13 on $10k
+Price spread, last 4 days (all we have)+0.453%+$45 · spread now −0.246%, 7d avg −0.055%
=Both sides work against this trade now: funding costs −$29 a day on $10k at the current rate, and GMX is 0.191% cheaper against RISEx than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of −0.055%). Swap the legs. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.133% in total (about -14.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.21 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 | RISEx NEAR/USDC | 4.2990 | 0.1162 | pay 0.0145% / 1h | 3m 31s | $672K | $1.3M | 10x |
| Short | GMX NEAR/USD [ETH-USDC] | 4.2885 | L +0.0322% / S −0.0198% | get 0.0025% / 1h | 3m 31s | $232K | — | 100x |
RISEx NEAR/USDC
GMX NEAR/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against RISEx. 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
- −$202.56
- Price spread: −0.246% → −0.055%
- −$19.11
- Slippage, 4 orders
- no order book: not counted
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$239.68
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: RISEx: live order book, 5 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 RISEx live order book, 5 min ago | 2.49 bp | 5.5 bp −$5 | 12.3 bp −$123 | 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 | 4.2969 | −0.050% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.2873 | −0.273% | $106K | $68K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.2893 | −0.226% | $161K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −3.676% | $578 | $301K | 12x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0056% | 1h | 4.2940 | −0.117% | $2.3M | $15.7M | 50x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.2970 | −0.047% | $111K | $501K | 50x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.2993 | +0.007% | $262.2M | $1.09B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.2974 | −0.038% | $212.8M | $426.4M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.2970 | −0.047% | $60.7M | $285.7M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3449 | +1.067% | $248K | −$0 | 10x | as long as short |
Reya NEARRUSDPERP
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Coinbase International NEAR-PERP-INTX
Popdex NEARUSDT
Binance NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Bulk NEAR-USDShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate NEAR_USDT | +0.0100% | 8h | 4.2905 | −0.198% | $31.9M | $62.6M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.2940 | −0.117% | $73.1M | $147.6M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.2910 | −0.187% | $53.3M | $45.8M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.2978 | −0.029% | $71.1M | $127.4M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.2960 | −0.070% | — | $144.4M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.2987 | −0.007% | $8.1M | $17.9M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.2977 | −0.031% | $251K | $949K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.2967 | −0.053% | $1.4M | $1.5M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3190 | +0.465% | $166K | $794K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3000 | +0.023% | $268K | $3.9M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.2903 | −0.203% | $57K | $246K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3000 | +0.023% | $2K | $1.4M | 20x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.2990 | −0.001% | $460K | $3.9M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.2950 | −0.094% | $3.6M | $8.3M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.2905 | −0.199% | $31K | $608 | 10x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.2915 | −0.175% | $200K | $37K | 3x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.2990 | −0.001% | $13.4M | $31.7M | 75x | as long as short |
| Kalshi KXNEARPERP | +0.0250% | 8h | 4.2956 | −0.080% | $776K | $23.9M | 2.2x | as long as short |
| Pacifica NEAR | +0.0263% | 1h | 4.2925 | −0.151% | $396K | $1.3M | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC]short | L +0.0322% / S −0.0198% | 1h | 4.2885 | −0.246% | $232K | — | 100x | |
| SoDEX NEAR-USD | +0.0324% | 1h | 4.2875 | −0.268% | $6K | $53K | 10x | as long as short |
| Aster NEARUSDT | +0.0331% | 8h | 4.2980 | −0.024% | $2.8M | $5.5M | 50x | as long as short |
| 01 Exchange NEARUSD | +0.0528% | 1h | 4.2999 | +0.020% | $13K | $7K | 10x | as long as short |
| Extended NEAR-USD | +0.0560% | 1h | 4.2922 | −0.160% | $3.7M | $19.8M | 25x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0563% | 1h | 4.2966 | −0.056% | $1.3M | $6.8M | 20x | as long as short |
| Nado NEAR-PERP | +0.0564% | 1h | 4.2950 | −0.094% | $1.8M | $3.1M | 10x | as long as short |
| Hyperliquid NEAR | +0.0564% | 1h | 4.3000 | +0.023% | $352.0M | $313.1M | 10x | as long as short |
| Arcus NEAR-USD | +0.0627% | 1h | 4.2990 | −0.001% | $211K | $1.6M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0706% | 1h | 4.2910 | −0.187% | $1.9M | $9.9M | 25x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0719% | 1h | 4.2883 | −0.250% | $7.5M | $38.9M | 50x | as long as short |
| Lighter RH NEAR | +0.0904% | 1h | 4.2965 | −0.059% | $1.5M | $7.4M | 10x | as long as short |
| Phoenix NEAR | +0.0941% | 1h | 4.3300 | +0.720% | $1.8M | $2.8M | 10x | as long as short |
| Lighter NEAR | +0.1032% | 1h | 4.2972 | −0.043% | $17.3M | $25.1M | 15x | as long as short |
| RISEx NEAR/USDClong | +0.1162% | 1h | 4.2990 | long leg | $672K | $1.3M | 10x | |
| Aftermath Perps NEARUSD | +0.1540% | 1h | 4.3126 | +0.316% | $5K | $12K | 10x | as long as short |
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDT
Variational Omni NEAR
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
HTX NEAR-USDT
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Aevo NEAR-PERP
BloFin NEAR-USDT
Kalshi KXNEARPERP
Pacifica NEAR
SoDEX NEAR-USD
Aster NEARUSDT
01 Exchange NEARUSD
Extended NEAR-USD
Backpack NEAR_USDC_PERP
Nado NEAR-PERP
Hyperliquid NEAR
Arcus NEAR-USD
Deribit NEAR_USDC-PERPETUAL
Kraken Futures PF_NEARUSD
Lighter RH NEAR
Phoenix NEAR
Lighter NEAR
Aftermath Perps NEARUSD