Funding you earn now, next payment 11:00 UTC−0.1382%/8h= −151.4% APRnext payment −$1.73 per $10,000 · paid last 24h +1.266%
Price spread now: Kraken Futures against Injective+0.215%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 pays, funding is against you. Kraken Futures is 0.215% dearer against Injective than usual: you sell high and buy low (spread +0.215% now, against zero (this spread has no 7-day history yet)): +$22 on $10k if it goes back. Holding the pair costs −$41 a day in funding at the current rate, which eats that in about 12 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective GMX/USDC PERP | 8.0100 | 0.0742 | pay 0.0093% / 1h | 30m 51s | $4K | $3K | 5.5x |
| Short | Kraken Futures PF_GMXUSD | 8.0273 | −0.0640 | pay 0.0080% / 1h | 30m 51s | $33K | $480 | 10x |
Injective GMX/USDC PERP
Kraken Futures PF_GMXUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Injective. 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
- −$290.29
- Price spread: +0.215% → 0.000%
- $21.54
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$278.77
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; 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 Injective no order-book sample | — | — | — | — | — |
| Sell Kraken Futures no order-book sample | — | — | — | — | — |
Injective and 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 | −0.0640% | 1h | 8.0273 | +0.215% | $33K | $480 | 10x | |
| BloFin GMX-USDT | +0.0096% | 8h | 8.0000 | −0.125% | $106K | $25K | 50x | as long as short |
| Lighter GMX | +0.0096% | 1h | 8.0447 | +0.433% | $76K | $84K | 5x | as long as short |
| Hyperliquid GMX | +0.0100% | 1h | 8.0357 | +0.321% | $892K | $115K | 3x | as long as short |
| Binance GMXUSDT | +0.0100% | 8h | 8.0260 | +0.200% | $2.3M | $1.6M | 50x | as long as short |
| Bybit GMXUSDT | +0.0100% | 8h | 8.0170 | +0.087% | $826K | $214K | 20x | as long as short |
| OKX GMX-USDT-SWAP | +0.0100% | 8h | 8.0160 | +0.075% | $288K | $297K | 20x | as long as short |
| Gate GMX_USDT | +0.0100% | 8h | 8.0260 | +0.200% | $194K | $62K | 33x | as long as short |
| MEXC GMX_USDT | +0.0100% | 8h | 8.0190 | +0.112% | $379K | $137K | 125x | as long as short |
| KuCoin GMXUSDTM | +0.0100% | 8h | 8.0020 | −0.100% | $165K | $43K | 30x | as long as short |
BloFin GMX-USDT
Lighter GMX
Hyperliquid 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 | 8.0210 | +0.137% | $411K | $160K | 50x | as long as short |
| BingX GMX-USDT | +0.0100% | 8h | 8.0170 | +0.087% | — | $2.3M | — | as long as short |
| Variational Omni GMX | +0.0100% | 8h | 8.0305 | +0.255% | $21K | $45K | — | as long as short |
| GMX GMX/USD [GMX-USDC] | L +0.0604% / S −0.0190% | 1h | 8.0283 | +0.228% | $437K | — | 100x | as long as short |
| Injective GMX/USDC PERPlong | +0.0742% | 1h | 8.0100 | long leg | $4K | $3K | 5.5x |
Bitget GMXUSDT
BingX GMX-USDT
Variational Omni GMX
GMX GMX/USD [GMX-USDC]