Funding you earn now, next payment 12:00 UTC−0.1152%/8h= −126.2% APRpaid last 24h −0.163%
Price spread now: Kraken Futures against Bybit+0.007%7-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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$35 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit GMXUSDT | 7.9710 | 0.0100 | pay 0.0100% / 8h | 4h 51m | $815K | $215K | 20x |
| Short | Kraken Futures PF_GMXUSD | 7.9715 | −0.1052 | pay 0.0132% / 1h | 51m 52s | $33K | $398 | 10x |
Bybit GMXUSDT
Kraken Futures PF_GMXUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Bybit. 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
- −$241.99
- Price spread: +0.007% → 0.000%
- $0.68
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$262.31
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 51 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 Bybit live order book, 51 min ago | 4.37 bp | 54.7 bp −$55 | 154.5 bp −$1,545 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_GMXUSDshort | −0.1052% | 1h | 7.9715 | +0.007% | $33K | $398 | 10x | |
| Injective GMX/USDC PERP | +0.0033% | 1h | 7.5200 | −5.658% | $4K | $3K | 5.5x | as long as short |
| Lighter GMX | +0.0096% | 1h | 7.9924 | +0.268% | $76K | $78K | 5x | as long as short |
| Binance GMXUSDT | +0.0100% | 8h | 7.9740 | +0.038% | $2.3M | $1.6M | 50x | as long as short |
| Bybit GMXUSDTlong | +0.0100% | 8h | 7.9710 | long leg | $815K | $215K | 20x | |
| OKX GMX-USDT-SWAP | +0.0100% | 8h | 7.9650 | −0.075% | $285K | $296K | 20x | as long as short |
| Gate GMX_USDT | +0.0100% | 8h | 7.9720 | +0.013% | $192K | $62K | 33x | as long as short |
| MEXC GMX_USDT | +0.0100% | 8h | 7.9740 | +0.038% | $371K | $136K | 125x | as long as short |
| KuCoin GMXUSDTM | +0.0100% | 8h | 7.9560 | −0.188% | $164K | $43K | 30x | as long as short |
| Bitget GMXUSDT | +0.0100% | 8h | 7.9720 | +0.013% | $407K | $163K | 50x | as long as short |
Injective GMX/USDC PERP
Lighter GMX
Binance GMXUSDT
OKX GMX-USDT-SWAP
Gate GMX_USDT
MEXC GMX_USDT
KuCoin GMXUSDTM
Bitget GMXUSDTShow all 15 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX GMX-USDT | +0.0100% | 8h | 7.9720 | +0.013% | — | $2.3M | — | as long as short |
| Variational Omni GMX | +0.0100% | 8h | 7.9744 | +0.042% | $20K | $47K | — | as long as short |
| BloFin GMX-USDT | +0.0109% | 8h | 7.9850 | +0.176% | $106K | $25K | 50x | as long as short |
| Hyperliquid GMX | +0.0116% | 1h | 7.9885 | +0.220% | $886K | $113K | 3x | as long as short |
| GMX GMX/USD [GMX-USDC] | L +0.0610% / S −0.0199% | 1h | 7.9734 | +0.030% | $434K | — | 100x | as long as short |
BingX GMX-USDT
Variational Omni GMX
BloFin GMX-USDT
Hyperliquid GMX
GMX GMX/USD [GMX-USDC]