Funding you earn now, next payment 12:00 UTC−0.0822%/8h= −90.1% APRnext payment −$1.03 per $10,000 · paid last 24h −0.140%
Price spread now: Kraken Futures against GMX−0.005%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$25 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX ALGO/USD [WBTC.b-USDC] | 0.1093 | L +0.0316% / S −0.0264% | pay 0.0039% / 1h | 7m 55s | $6K | — | 100x |
| Short | Kraken Futures PF_ALGOUSD | 0.1093 | −0.0507 | pay 0.0063% / 1h | 7m 55s | $789K | $1.1M | 50x |
GMX ALGO/USD [WBTC.b-USDC]
Kraken Futures PF_ALGOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$172.7
- Price spread: −0.005% → 0.000%
- −$0.5
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$195.2
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Kraken Futures: live order book, 4 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 Kraken Futures live order book, 4 min ago | 9.61 bp | 23.9 bp −$24 | 46.6 bp −$466 | 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.
ALGO on 22 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_ALGOUSDshort | −0.0507% | 1h | 0.1093 | −0.005% | $789K | $1.1M | 50x | |
| Deribit ALGO_USDC-PERPETUAL | −0.0390% | 1h | 0.1092 | −0.051% | $86K | $41K | 25x | as long as short |
| Bybit ALGOUSDT | −0.0066% | 8h | 0.1092 | −0.097% | $10.5M | $13.3M | 75x | as long as short |
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1093 | +0.041% | $16K | — | 150x | as long as short |
| Variational Omni ALGO | +0.0014% | 8h | 0.1090 | −0.230% | $59K | $13K | — | as long as short |
| OKX ALGO-USDT-SWAP | +0.0022% | 8h | 0.1092 | −0.097% | $2.6M | $7.8M | 50x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +2.474% | $834 | $233K | 12x | as long as short |
| Coinbase International ALGO-PERP-INTX | +0.0088% | 1h | 0.1094 | +0.086% | $64K | $177K | 50x | as long as short |
| Hyperliquid ALGO | +0.0100% | 1h | 0.1093 | +0.022% | $3.3M | $2.2M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1093 | +0.009% | $43K | $37K | 5x | as long as short |
Deribit ALGO_USDC-PERPETUAL
Bybit ALGOUSDT
gTrade (Gains Network) ALGO/USD
Variational Omni ALGO
OKX ALGO-USDT-SWAP
Injective ALGO/USDC PERP
Coinbase International ALGO-PERP-INTX
Hyperliquid ALGO
Aster ALGOUSDTShow all 22 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ALGOUSDT | +0.0100% | 8h | 0.1092 | −0.083% | $9.2M | $33.2M | 75x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1092 | −0.060% | $829K | $875K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1092 | −0.070% | $23.6M | $3.3M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1093 | +0.040% | $3.3M | $1.3M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1092 | −0.088% | $5.4M | $3.4M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1093 | +0.004% | — | $3.2M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1093 | +0.040% | $57K | $106K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1095 | +0.187% | $3.7M | $1.7M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1092 | −0.106% | $6K | $304K | 10x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1092 | −0.070% | $468K | $849K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC]long | L +0.0316% / S −0.0264% | 1h | 0.1093 | long leg | $6K | — | 100x | |
| dYdX ALGO-USD | +0.1363% | 1h | 0.1093 | −0.010% | $158K | $4K | 5x | as long as short |
Binance ALGOUSDT
Gate ALGO_USDT
MEXC ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
HTX ALGO-USDT
Phemex ALGOUSDT
Extended ALGO-USD
BloFin ALGO-USDT
dYdX ALGO-USD