Funding you earn now, next payment 03:00 UTC−0.0702%/8h= −76.8% APRnext payment −$0.88 per $10,000 · paid last 24h −0.170%
Price spread now: Kraken Futures against GMX+0.152%7-day average +0.006% · 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)−0.244%−$24 on $10k
+Price spread, last 4 days (all we have)−0.028%−$3 · spread now +0.152%, 7d avg +0.006%
=The price spread pays, funding is against you. Kraken Futures is 0.146% dearer against GMX than usual: you sell high and buy low (spread +0.152% now, against its 7-day average of +0.006%): +$15 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 17 hours. At the pace of the last 3 days (−0.244% in total) that is about 47 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX FIL/USD [WBTC.b-USDC] | 1.0060 | L +0.0575% / S −0.0237% | pay 0.0072% / 1h | 10m 47s | $269K | — | 100x |
| Short | Kraken Futures PF_FILUSD | 1.0075 | −0.0126 | pay 0.0016% / 1h | 10m 47s | $1.4M | $2.3M | 50x |
GMX FIL/USD [WBTC.b-USDC]
Kraken Futures PF_FILUSDFunding 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
- −$147.37
- Price spread: +0.152% → +0.006%
- $14.59
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$154.78
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Kraken Futures: live order book, 3 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, 3 min ago | 8.43 bp | 17.1 bp −$17 | 36.7 bp −$367 | 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.
FIL on 29 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 FIL_USDC-PERPETUAL | −0.0445% | 1h | 1.0069 | +0.093% | $173K | $23K | 25x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0256% | 1h | 1.0098 | +0.382% | $377K | $2.2M | 50x | as long as short |
| Kraken Futures PF_FILUSDshort | −0.0126% | 1h | 1.0075 | +0.152% | $1.4M | $2.3M | 50x | |
| OKX FIL-USDT-SWAP | −0.0061% | 8h | 1.0075 | +0.153% | $19.0M | $102.3M | 50x | as long as short |
| KuCoin FILUSDTM | −0.0014% | 8h | 1.0064 | +0.044% | $7.5M | $7.3M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0003% / S +0.0006% | 1h | 1.0061 | +0.014% | $27K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 1.0069 | +0.093% | $59K | $2K | 10x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −2.034% | $2K | $240K | 12x | as long as short |
| Extended FIL-USD | +0.0072% | 1h | 1.0062 | +0.020% | $712K | $3.3M | 10x | as long as short |
| Binance FILUSDT | +0.0075% | 8h | 1.0062 | +0.019% | $58.6M | $179.7M | 75x | as long as short |
Deribit FIL_USDC-PERPETUAL
Coinbase International FIL-PERP-INTX
OKX FIL-USDT-SWAP
KuCoin FILUSDTM
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Injective FIL/USDC PERP
Extended FIL-USD
Binance FILUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC FIL_USDC | +0.0091% | 8h | 1.0057 | −0.026% | $244K | $105K | 50x | as long as short |
| Lighter FIL | +0.0096% | 1h | 1.0062 | +0.028% | $159K | $353K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 1.0066 | +0.064% | $8.7M | $9.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 1.0065 | +0.052% | $511K | $586K | 20x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 1.0064 | +0.044% | $15.9M | $19.6M | 25x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 1.0067 | +0.074% | $8.6M | $16.6M | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 1.0076 | +0.163% | $11.3M | $20.3M | 75x | as long as short |
| BingX FIL-USDT | +0.0100% | 8h | 1.0064 | +0.044% | — | $11.8M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 1.0047 | −0.130% | $452K | $265K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 1.0083 | +0.237% | $46K | $294K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 1.0073 | +0.137% | $299K | $905K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 1.0090 | +0.302% | $30K | $182K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 1.0071 | +0.113% | $4K | $798 | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 1.0060 | +0.004% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 1.0063 | +0.034% | $482 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 1.0054 | −0.056% | $630K | $5.8M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 1.0060 | +0.004% | $1.1M | $2.5M | 50x | as long as short |
| BloFin FIL-USDT | +0.0195% | 8h | 1.0050 | −0.095% | $2.8M | $649K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC]long | L +0.0575% / S −0.0237% | 1h | 1.0060 | long leg | $269K | — | 100x |
MEXC FIL_USDC
Lighter FIL
Hyperliquid FIL
Aster FILUSDT
Bybit FILUSDT
Gate FIL_USDT
Bitget FILUSDT
BingX FIL-USDT
Variational Omni FIL
edgeX FILUSDC
GRVT FIL_USDT_Perp
ApeX Omni FILUSDT
Orderly PERP_FIL_USDC_mythos
SunX FIL-USDT
SoDEX FIL-USD
HTX FIL-USDT
Phemex FILUSDT
BloFin FIL-USDT