Funding you earn now, next payment 07:00 UTC+0.0445%/8h= +48.7% APRnext payment +$0.56 per $10,000 · paid last 24h +0.009%
Price spread now: Kraken Futures against GMX+0.184%7-day average — · 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)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Kraken Futures is 0.184% dearer against GMX than usual: you sell high and buy low: +$18 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX FET/USD [ETH-USDC] | 0.2008 | L +0.0201% / S −0.0301% | pay 0.0025% / 1h | 6m 46s | $13K | — | 100x |
| Short | Kraken Futures PF_FETUSD | 0.2012 | 0.0646 | get 0.0081% / 1h | 6m 46s | $993K | $2.2M | 50x |
GMX FET/USD [ETH-USDC]
Kraken Futures PF_FETUSDFunding 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
- $93.46
- Price spread: +0.184% → 0.000%
- $18.44
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $89.9
- Costs to cover
- 0.220%
- Break-even
- 0.3 days
Slippage unknown: GMX: no order-book sample; Kraken Futures: live order book, 2 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, 2 min ago | 7.22 bp | 22.2 bp −$22 | 40.8 bp −$408 | 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.
FET on 20 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 FET_USDC-PERPETUAL | −0.3716% | 1h | 0.2009 | +0.058% | $41K | $313K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0688% | 1h | 0.2012 | +0.208% | $151K | $264K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0004% | 1h | 0.2007 | −0.044% | $20K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | +0.108% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2009 | +0.055% | $187K | $817K | 10x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2007 | −0.041% | $2.6M | $12.9M | 50x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2008 | +0.008% | $10.5M | $18.3M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2008 | +0.015% | $285K | $506K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2008 | +0.008% | $36K | $11K | 10x | as long as short |
| Extended FET-USD | +0.0128% | 1h | 0.2010 | +0.118% | $37K | $203K | 10x | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Aster FETUSDT
Gate FET_USDT
KuCoin FETUSDTM
Variational Omni FET
Orderly PERP_FET_USDC
Extended FET-USDShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC FET_USDT | +0.0130% | 8h | 0.2008 | +0.008% | $29.6M | $25.3M | 200x | as long as short |
| Binance FETUSDT | +0.0130% | 8h | 0.2009 | +0.058% | $30.7M | $114.4M | 75x | as long as short |
| BingX FET-USDT | +0.0194% | 8h | 0.2007 | −0.041% | — | $5.9M | — | as long as short |
| Bitget FETUSDT | +0.0196% | 8h | 0.2010 | +0.108% | $16.3M | $11.8M | 75x | as long as short |
| GMX FET/USD [ETH-USDC]long | L +0.0201% / S −0.0301% | 1h | 0.2008 | long leg | $13K | — | 100x | |
| BloFin FET-USDT | +0.0250% | 8h | 0.2006 | −0.091% | $1.7M | $3.2M | 100x | as long as short |
| OKX FET-USDT-SWAP | +0.0395% | 4h | 0.2010 | +0.108% | $993K | $8.1M | 20x | as long as short |
| Phoenix FET | +0.0635% | 1h | 0.2011 | +0.133% | $35K | $38K | 5x | as long as short |
| Kraken Futures PF_FETUSDshort | +0.0646% | 1h | 0.2012 | +0.184% | $993K | $2.2M | 50x | |
| Hyperliquid FET | +0.0659% | 1h | 0.2010 | +0.103% | $8.5M | $8.4M | 5x | as long as short |
MEXC FET_USDT
Binance FETUSDT
BingX FET-USDT
Bitget FETUSDT
BloFin FET-USDT
OKX FET-USDT-SWAP
Phoenix FET
Hyperliquid FET