ALGO

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0536%/8h= +58.7% APRnext payment +$0.67 per $10,000 · paid last 24h +0.070%

Price spread now: GMX against Kraken Futures−0.072%54s7-day average — · 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 3 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

Funding pays, the price is against you. GMX is 0.072% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.072% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 11 hours of funding at the current rate (+$16 a day). The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ALGOUSD	0.1109	−0.0273	get 0.0034% / 1h	5m 24s	$824K	$1.1M	50x
Short	GMX ALGO/USD [WBTC.b-USDC]	0.1108	L +0.0318% / S −0.0264%	get 0.0033% / 1h	5m 24s	$6K	—	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 −0.072%Rate

Funding earned: $112.66
Price spread: −0.072% → 0.000%: −$7.24
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $83.42
Costs to cover: 0.220%
Break-even: 1.8 days

Slippage unknown: Kraken Futures: live order book, 3 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, 3 min ago	9.93 bp	21.3 bp −$21	43.6 bp −$436	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.

ALGO on 22 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
Deribit ALGO_USDC-PERPETUAL	−0.0291%	1h	0.1108	−0.054%	$88K	$45K	25x	as long as short
Kraken Futures PF_ALGOUSDlong	−0.0273%	1h	0.1109	long leg	$824K	$1.1M	50x
gTrade (Gains Network) ALGO/USD	L −0.0001% / S +0.0003%	1h	0.1108	−0.045%	$16K	—	150x	as long as short
Injective ALGO/USDC PERP	+0.0033%	1h	0.1120	+1.028%	$834	$233K	12x	as long as short
Hyperliquid ALGO	+0.0100%	1h	0.1109	+0.027%	$3.4M	$2.3M	5x	as long as short
Aster ALGOUSDT	+0.0100%	8h	0.1108	−0.088%	$44K	$36K	5x	as long as short
Binance ALGOUSDT	+0.0100%	8h	0.1107	−0.152%	$9.4M	$34.4M	75x	as long as short
Bybit ALGOUSDT	+0.0100%	8h	0.1107	−0.145%	$10.9M	$12.7M	75x	as long as short
OKX ALGO-USDT-SWAP	+0.0100%	8h	0.1107	−0.163%	$2.7M	$7.8M	50x	as long as short
Gate ALGO_USDT	+0.0100%	8h	0.1106	−0.217%	$838K	$947K	50x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC ALGO_USDT	+0.0100%	8h	0.1107	−0.145%	$23.0M	$3.2M	200x	as long as short
KuCoin ALGOUSDTM	+0.0100%	8h	0.1107	−0.136%	$3.5M	$1.4M	50x	as long as short
Bitget ALGOUSDT	+0.0100%	8h	0.1108	−0.054%	$5.5M	$3.5M	75x	as long as short
BingX ALGO-USDT	+0.0100%	8h	0.1108	−0.099%	—	$3.4M	—	as long as short
Variational Omni ALGO	+0.0100%	8h	0.1107	−0.121%	$61K	$12K	—	as long as short
HTX ALGO-USDT	+0.0100%	8h	0.1109	+0.045%	$60K	$133K	75x	as long as short
Phemex ALGOUSDT	+0.0100%	8h	0.1110	+0.126%	$3.7M	$1.8M	50x	as long as short
Extended ALGO-USD	+0.0104%	1h	0.1108	−0.072%	$4K	$199K	10x	as long as short
Coinbase International ALGO-PERP-INTX	+0.0136%	1h	0.1109	+0.081%	$63K	$193K	50x	as long as short
BloFin ALGO-USDT	+0.0220%	8h	0.1107	−0.163%	$471K	$874K	75x	as long as short
GMX ALGO/USD [WBTC.b-USDC]short	L +0.0318% / S −0.0264%	1h	0.1108	−0.072%	$6K	—	100x
dYdX ALGO-USD	+0.0914%	1h	0.1109	+0.008%	$160K	$5K	5x	as long as short