Funding you earn now, next payment 22:00 UTC+1.2906%/8h= +1413.2% APRnext payment +$16.13 per $10,000 · paid last 24h +0.061%
Price spread now: Kraken Futures against GMX+1.015%7-day average +0.036% · 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)−0.130%−$13 on $10k
+Price spread, last 3 days (all we have)−0.772%−$77 · spread now +1.015%, 7d avg +0.036%
=Both sides work for this trade now. Funding pays +$387 a day on $10k at the current rate, and Kraken Futures is 0.979% dearer against GMX than usual: you sell high and buy low: +$98 more if the spread goes back to its 7-day average of +0.036%. Mind the row above: over the last 3 days funding on this pair cost −0.130%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.130% in total (about -15.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$16.13 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 | GMX CVX/USD [ETH-USDC] | 2.0768 | L +0.0481% / S −0.0190% | pay 0.0060% / 1h | 21m 49s | $169K | — | 100x |
| Short | Kraken Futures PF_CVXUSD | 2.0979 | 1.3387 | get 0.1673% / 1h | 21m 49s | $117K | $64K | 10x |
GMX CVX/USD [ETH-USDC]
Kraken Futures PF_CVXUSDFunding 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
- $2,710.31
- Price spread: +1.015% → +0.036%
- $97.91
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $2,786.22
- Costs to cover
- 0.220%
- Break-even
- from the start
Slippage unknown: GMX: no order-book sample; Kraken Futures: live order book, just now. 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, just now | 43.97 bp | 52.0 bp −$52 | doesn't fit | 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.
CVX on 13 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective CVX/USDC PERP | +0.0033% | 1h | 1.9790 | −4.711% | — | $33K | 5.5x | as long as short |
| Binance CVXUSDT | +0.0100% | 4h | 2.0768 | −0.002% | $1.7M | $2.8M | 75x | as long as short |
| Bybit CVXUSDT | +0.0100% | 4h | 2.0784 | +0.075% | $1.7M | $825K | 75x | as long as short |
| OKX CVX-USDT-SWAP | +0.0100% | 4h | 2.0740 | −0.137% | $254K | $381K | 10x | as long as short |
| Gate CVX_USDT | +0.0100% | 8h | 2.0740 | −0.137% | $69K | $25K | 25x | as long as short |
| MEXC CVX_USDT | +0.0100% | 4h | 2.0760 | −0.040% | $2.1M | $480K | 20x | as long as short |
| KuCoin CVXUSDTM | +0.0100% | 4h | 2.0770 | +0.008% | $831K | $67K | 20x | as long as short |
| Bitget CVXUSDT | +0.0100% | 4h | 2.0770 | +0.008% | $631K | $131K | 25x | as long as short |
| BingX CVX-USDT | +0.0100% | 4h | 2.0800 | +0.152% | — | $1.6M | — | as long as short |
| Variational Omni CVX | +0.0100% | 4h | 2.0709 | −0.285% | $6K | $2K | — | as long as short |
Injective CVX/USDC PERP
Binance CVXUSDT
Bybit CVXUSDT
OKX CVX-USDT-SWAP
Gate CVX_USDT
MEXC CVX_USDT
KuCoin CVXUSDTM
Bitget CVXUSDT
BingX CVX-USDT
Variational Omni CVXShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin CVX-USDT | +0.0340% | 4h | 2.0720 | −0.233% | $84K | $129K | 75x | as long as short |
| GMX CVX/USD [ETH-USDC]long | L +0.0481% / S −0.0190% | 1h | 2.0768 | long leg | $169K | — | 100x | |
| Kraken Futures PF_CVXUSDshort | +1.3387% | 1h | 2.0979 | +1.015% | $117K | $64K | 10x |
BloFin CVX-USDT