ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0163%/8h= +17.9% APRnext payment +$0.20 per $10,000 · paid last 24h +0.042%

Price spread now: Kraken Futures against GMX+0.014%7-day average −0.019% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on GMX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.003%$0 on $10k

Price spread, last 4 days (all we have)−0.110%−$11 · spread now +0.014%, 7d avg −0.019%

Together, before fees−0.107%−$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Kraken Futures is 0.033% dearer against GMX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX ETH/USD [ETH-USDC]	2,725.6	L −0.0010% / S +0.0043%	get 0.0001% / 1h	8m 32s	$11.9M	—	200x
Short	Kraken Futures PF_ETHUSD	2,726	0.0153	get 0.0019% / 1h	8m 32s	$83.4M	$315.9M	100x

Funding 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 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 GMXbpFee Kraken FuturesbpOrdersPrice spread, now +0.014%Rate

Funding earned: $34.24
Price spread: +0.014% → −0.019%: $3.26
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $15.5
Costs to cover: 0.220%
Break-even: 3.8 days

Slippage unknown: GMX: no order-book sample; Kraken Futures: live order book, 6 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, 6 min ago	0.18 bp	6.4 bp −$6	7.1 bp −$71	8.9 bp −$893	12.0 bp −$6,024

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.

ETH on 55 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
Perpl ETH	−0.0335%	43m	2,725.6	−0.001%	$301K	$5.6M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,726.2	+0.021%	$5K	$1K	50x	as long as short
HTX ETH-USDT	−0.0018%	8h	2,725	−0.022%	$1.05B	$1.20B	200x	as long as short
GMX ETH/USD [ETH-USDC]long	L −0.0010% / S +0.0043%	1h	2,725.6	long leg	$11.9M	—	200x
Phoenix ETH	−0.0006%	1h	2,728.7	+0.113%	$816K	$2.9M	25x	as long as short
Kalshi KXETHPERP	0.0000%	8h	2,727.4	+0.065%	$6.2M	$686.1M	4.9x	as long as short
dYdX ETH-USD	+0.0006%	1h	2,726.8	+0.042%	$10.7M	$42.1M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0006%	1h	2,725.7	+0.003%	$28.0M	—	200x	as long as short
BingX ETH-USDC	+0.0028%	8h	2,725.1	−0.019%	—	$18.4M	—	as long as short
Bullet ETH-USD	+0.0036%	1h	2,725.1	−0.019%	$177K	$1.7M	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ETHUSDT	+0.0037%	8h	2,725.6	−0.002%	$2.36B	$4.39B	150x	as long as short
01 Exchange ETHUSD	+0.0048%	1h	2,726.3	+0.025%	$186K	$814K	50x	as long as short
SunX ETH-USDT	+0.0057%	8h	2,724.6	−0.039%	$954K	$11.2M	100x	as long as short
KuCoin ETHUSDTM	+0.0066%	8h	2,726	+0.013%	$377.3M	$574.7M	100x	as long as short
Aster ETHUSDT	+0.0076%	8h	2,725.8	+0.006%	$252.1M	$842.3M	200x	as long as short
OKX ETH-USDT-SWAP	+0.0080%	8h	2,725.8	+0.007%	$1.66B	$10.72B	100x	as long as short
Aevo ETH-PERP	+0.0080%	1h	2,722.9	−0.099%	$4.9M	$155K	20x	as long as short
MEXC ETH_USDT	+0.0084%	8h	2,725.6	+0.001%	$1.56B	$2.58B	500x	as long as short
Binance ETHUSDT	+0.0084%	8h	2,725.5	−0.003%	$6.32B	$15.94B	150x	as long as short
ApeX Omni ETHUSDT	+0.0087%	1h	2,728	+0.089%	$8.7M	$31.2M	100x	as long as short
Deribit ETH-PERPETUAL	+0.0088%	1h	2,726.4	+0.029%	$258.4M	$202.6M	50x	as long as short
Phemex ETHUSDT	+0.0088%	8h	2,725.5	−0.006%	$264.1M	$64.2M	150x	as long as short
SoDEX ETH-USD	+0.0090%	1h	2,725.2	−0.015%	$54.3M	$187.8M	40x	as long as short
Lighter ETH	+0.0096%	1h	2,726.3	+0.025%	$112.3M	$435.9M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,727.4	+0.065%	$23.3M	$104.8M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,727.2	+0.057%	—	$31.0M	500x	as long as short
Injective ETH/USDC PERP	+0.0096%	1h	2,730.8	+0.190%	$117K	$22.5M	52x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,725.5	−0.004%	$498K	$3.4M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,727.4	+0.065%	$15.4M	$8.0M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,725.6	−0.002%	$13.8M	$104.7M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,728.3	+0.098%	$3.09B	$2.05B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,726.8	+0.043%	$31.8M	$334.0M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,724.9	−0.026%	$2.7M	$16.7M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,726.4	+0.028%	$1.5M	$16.0M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,728.2	+0.095%	$167.8M	$301.9M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,725.8	+0.006%	$3.33B	$8.96B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,726.1	+0.017%	$2.07B	$2.73B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,725.2	−0.014%	$14.9M	$41.6M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,727	+0.051%	$134.7M	$322.9M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,728.1	+0.091%	$183.5M	$671.0M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,728.8	+0.115%	$158.8M	$86.9M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,727.8	+0.080%	$21.0M	$72.0M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,727	+0.050%	—	$846K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,727.4	+0.065%	$11.2M	$9.5M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,726.2	+0.021%	$21K	$20K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,727.1	+0.053%	$40.9M	$29.9M	15x	as long as short
Aftermath Perps ETHUSD	+0.0101%	1h	2,728.9	+0.121%	$30K	$20K	20x	as long as short
Extended ETH-USD	+0.0104%	1h	2,724.8	−0.029%	$30.6M	$73.5M	50x	as long as short
RISEx ETH/USDC	+0.0107%	1h	2,726.2	+0.023%	$5.6M	$11.7M	25x	as long as short
Coinbase International ETH-PERP-INTX	+0.0120%	1h	2,726.3	+0.024%	$50.5M	$4.27B	50x	as long as short
Kraken Futures PF_ETHUSDshort	+0.0153%	1h	2,726	+0.014%	$83.4M	$315.9M	100x
Orderly PERP_ETH_USDC	+0.0191%	8h	2,728	+0.086%	$32.1M	$11.6M	100x	as long as short
Reya ETHRUSDPERP	+0.0207%	1h	2,725.6	−0.002%	$7.3M	$1.2M	25x	as long as short
Hibachi ETH/USDT-P	+0.0232%	1h	2,726.8	+0.043%	$247K	$1.4M	20x	as long as short
BloFin ETH-USDT	+0.0337%	8h	2,725.1	−0.019%	$281.4M	$174.3M	150x	as long as short