Funding you earn now, next payment 10:00 UTC−0.0193%/8h= −21.1% APRpaid last 24h −0.173%
Price spread now: Kraken Futures against BloFin−0.183%7-day average — · you buy dearer than you sell
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
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Kraken Futures is 0.183% cheaper against BloFin than usual: you would sell low and buy high (−$18 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin GMX-USDT | 7.9940 | 0.0070 | pay 0.0070% / 8h | 6h 18m | $106K | $25K | 50x |
| Short | Kraken Futures PF_GMXUSD | 7.9794 | −0.0123 | pay 0.0015% / 1h | 18m 56s | $33K | $463 | 10x |
BloFin GMX-USDT
Kraken Futures PF_GMXUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BloFin. 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
- −$40.54
- Price spread: −0.183% → 0.000%
- −$18.32
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$80.86
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: BloFin: live order book, 23 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 BloFin live order book, 23 min ago | 1.88 bp | 16.0 bp −$16 | 51.0 bp −$510 | 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.
GMX on 15 exchanges
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 GMX/USDC PERP | −0.5000% | 1h | 8.0100 | +0.200% | $4K | $3K | 5.5x | as long as short |
| Kraken Futures PF_GMXUSDshort | −0.0123% | 1h | 7.9794 | −0.183% | $33K | $463 | 10x | |
| BloFin GMX-USDTlong | +0.0070% | 8h | 7.9940 | long leg | $106K | $25K | 50x | |
| Lighter GMX | +0.0096% | 1h | 8.0029 | +0.111% | $76K | $85K | 5x | as long as short |
| Binance GMXUSDT | +0.0100% | 8h | 7.9855 | −0.106% | $2.3M | $1.6M | 50x | as long as short |
| Bybit GMXUSDT | +0.0100% | 8h | 7.9820 | −0.150% | $822K | $224K | 20x | as long as short |
| OKX GMX-USDT-SWAP | +0.0100% | 8h | 7.9830 | −0.138% | $288K | $315K | 20x | as long as short |
| Gate GMX_USDT | +0.0100% | 8h | 7.9840 | −0.125% | $189K | $61K | 33x | as long as short |
| MEXC GMX_USDT | +0.0100% | 8h | 7.9850 | −0.113% | $373K | $140K | 125x | as long as short |
| KuCoin GMXUSDTM | +0.0100% | 8h | 7.9620 | −0.400% | $164K | $46K | 30x | as long as short |
Injective GMX/USDC PERP
Lighter GMX
Binance GMXUSDT
Bybit GMXUSDT
OKX GMX-USDT-SWAP
Gate GMX_USDT
MEXC GMX_USDT
KuCoin GMXUSDTMShow all 15 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget GMXUSDT | +0.0100% | 8h | 7.9820 | −0.150% | $409K | $164K | 50x | as long as short |
| BingX GMX-USDT | +0.0100% | 8h | 7.9830 | −0.138% | — | $2.3M | — | as long as short |
| Variational Omni GMX | +0.0100% | 8h | 7.9844 | −0.121% | $21K | $45K | — | as long as short |
| Hyperliquid GMX | +0.0310% | 1h | 8.0003 | +0.079% | $888K | $120K | 3x | as long as short |
| GMX GMX/USD [GMX-USDC] | L +0.0594% / S −0.0179% | 1h | 7.9828 | −0.140% | $435K | — | 100x | as long as short |
Bitget GMXUSDT
BingX GMX-USDT
Variational Omni GMX
Hyperliquid GMX
GMX GMX/USD [GMX-USDC]