Funding you earn now, next payment 09:00 UTC−0.1499%/8h= −164.1% APRpaid last 24h −0.296%
Price spread now: Kraken Futures against OKX+0.296%45s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 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
The price spread pays, funding is against you. Kraken Futures is 0.296% dearer against OKX than usual: you sell high and buy low (spread +0.296% now, against zero (this spread has no 7-day history yet)): +$30 on $10k if it goes back. Holding the pair costs −$45 a day in funding at the current rate, which eats that in about 16 hours. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX GMT-USDT-SWAP | 0.008481 | 0.0089 | pay 0.0045% / 4h | 3h 50m | $388K | $1.3M | 20x |
| Short | Kraken Futures PF_GMTUSD | 0.008506 | −0.1409 | pay 0.0176% / 1h | 50m 37s | $43K | $13K | 20x |
OKX GMT-USDT-SWAP
Kraken Futures PF_GMTUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against OKX. 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
- −$314.77
- Price spread: +0.296% → 0.000%
- $29.57
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$305.2
- Costs to cover
- 0.200%
- Break-even
- from the start
Slippage unknown: OKX: live order book, 1 min ago; Kraken Futures: 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 OKX live order book, 1 min ago | 4.11 bp | 44.7 bp −$45 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures no order-book sample | — | — | — | — | — |
Kraken Futures: 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.
GMT on 12 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_GMTUSDshort | −0.1409% | 1h | 0.008506 | +0.296% | $43K | $13K | 20x | |
| Variational Omni GMT | −0.0165% | 8h | 0.008502 | +0.249% | $4K | $6K | — | as long as short |
| KuCoin GMTUSDTM | −0.0074% | 4h | 0.008500 | +0.224% | $241K | $204K | 50x | as long as short |
| OKX GMT-USDT-SWAPlong | +0.0089% | 4h | 0.008481 | long leg | $388K | $1.3M | 20x | |
| Hyperliquid GMT | +0.0100% | 1h | 0.008509 | +0.330% | $123K | $150K | 3x | as long as short |
| Aster GMTUSDT | +0.0100% | 4h | 0.008500 | +0.227% | $7K | $24K | 10x | as long as short |
| Binance GMTUSDT | +0.0100% | 4h | 0.008504 | +0.266% | $2.8M | $5.6M | 50x | as long as short |
| Bybit GMTUSDT | +0.0100% | 8h | 0.008494 | +0.153% | $1.1M | $2.1M | 50x | as long as short |
| Gate GMT_USDT | +0.0100% | 8h | 0.008500 | +0.224% | $140K | $177K | 50x | as long as short |
| MEXC GMT_USDT | +0.0100% | 4h | 0.008502 | +0.248% | $437K | $215K | 20x | as long as short |
Variational Omni GMT
KuCoin GMTUSDTM
Hyperliquid GMT
Aster GMTUSDT
Binance GMTUSDT
Bybit GMTUSDT
Gate GMT_USDT
MEXC GMT_USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget GMTUSDT | +0.0100% | 4h | 0.008510 | +0.342% | $710K | $676K | 50x | as long as short |
| BingX GMT-USDT | +0.0100% | 4h | 0.008498 | +0.200% | — | $1.3M | — | as long as short |
Bitget GMTUSDT
BingX GMT-USDT