Funding you earn now, next payment 00:00 UTC+0.1404%/8h= +153.7% APRnext payment +$1.75 per $10,000 · paid last 24h +0.192%
Price spread now: GMX against Kraken Futures+0.090%7-day average −0.069% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.517%−$52 on $10k
+Price spread, last 3 days (all we have)+0.598%+$60 · spread now +0.090%, 7d avg −0.069%
=Both sides work for this trade now. Funding pays +$42 a day on $10k at the current rate, and GMX is 0.158% dearer against Kraken Futures than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of −0.069%. Mind the row above: over the last 3 days funding on this pair cost −0.517%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ARUSD | 4.6054 | −0.1954 | get 0.0244% / 1h | 51m 10s | $52K | $163K | 20x |
| Short | GMX AR/USD [WBTC.b-USDC] | 4.6095 | L −0.0140% / S +0.0551% | pay 0.0069% / 1h | 51m 10s | $592K | — | 50x |
Kraken Futures PF_ARUSD
GMX AR/USD [WBTC.b-USDC]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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $294.79
- Price spread: +0.090% → −0.069%
- $15.82
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $288.6
- Costs to cover
- 0.220%
- Break-even
- 0.1 days
Slippage unknown: Kraken Futures: live order book, 26 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, 26 min ago | 14.23 bp | 32.6 bp −$33 | doesn't fit | 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.
AR on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ARUSDlong | −0.1954% | 1h | 4.6054 | long leg | $52K | $163K | 20x | |
| GMX AR/USD [WBTC.b-USDC]short | L −0.0140% / S +0.0551% | 1h | 4.6095 | +0.090% | $592K | — | 50x | |
| OKX AR-USDT-SWAP | +0.0008% | 8h | 4.6040 | −0.030% | $2.4M | $21.0M | 20x | as long as short |
| Injective AR/USDC PERP | +0.0033% | 1h | 4.5720 | −0.725% | $3K | $339 | 5.5x | as long as short |
| Extended AR-USD | +0.0048% | 1h | 4.6071 | +0.037% | $37K | $237K | 10x | as long as short |
| ApeX Omni ARUSDT | +0.0049% | 1h | 4.5810 | −0.530% | $58K | $747K | 50x | as long as short |
| MEXC AR_USDT | +0.0051% | 8h | 4.6040 | −0.030% | $6.8M | $4.4M | 100x | as long as short |
| Binance ARUSDT | +0.0051% | 8h | 4.6074 | +0.043% | $9.1M | $55.8M | 75x | as long as short |
| Hyperliquid AR | +0.0100% | 1h | 4.6145 | +0.198% | $4.1M | $4.9M | 5x | as long as short |
| Aster ARUSDT | +0.0100% | 8h | 4.6019 | −0.076% | $20K | $611K | 10x | as long as short |
OKX AR-USDT-SWAP
Injective AR/USDC PERP
Extended AR-USD
ApeX Omni ARUSDT
MEXC AR_USDT
Binance ARUSDT
Hyperliquid AR
Aster ARUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ARUSDT | +0.0100% | 8h | 4.6064 | +0.022% | $4.7M | $8.9M | 75x | as long as short |
| Gate AR_USDT | +0.0100% | 8h | 4.6070 | +0.035% | $2.6M | $2.3M | 50x | as long as short |
| KuCoin ARUSDTM | +0.0100% | 8h | 4.6060 | +0.013% | $1.4M | $1.2M | 50x | as long as short |
| Bitget ARUSDT | +0.0100% | 8h | 4.6050 | −0.008% | $3.9M | $5.6M | 75x | as long as short |
| BingX AR-USDT | +0.0100% | 8h | 4.6040 | −0.030% | — | $2.9M | — | as long as short |
| Variational Omni AR | +0.0100% | 8h | 4.5934 | −0.261% | $139K | $173K | — | as long as short |
| BloFin AR-USDT | +0.0171% | 8h | 4.6100 | +0.100% | $432K | $679K | 20x | as long as short |
Bybit ARUSDT
Gate AR_USDT
KuCoin ARUSDTM
Bitget ARUSDT
BingX AR-USDT
Variational Omni AR
BloFin AR-USDT