Funding you earn now, next payment 05:00 UTC+0.0362%/8h= +39.6% APRpaid last 24h +0.193%
Price spread now: Binance against Kraken Futures+0.047%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
Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Binance is 0.047% dearer against Kraken Futures than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_GMXUSD | 8.0452 | −0.0262 | get 0.0033% / 1h | 30m 40s | $33K | $463 | 10x |
| Short | Binance GMXUSDT | 8.0490 | 0.0100 | get 0.0100% / 8h | 3h 30m | $2.3M | $1.9M | 50x |
Kraken Futures PF_GMXUSD
Binance GMXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Kraken Futures. 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
- $75.94
- Price spread: +0.047% → 0.000%
- $4.67
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $60.61
- Costs to cover
- 0.200%
- Break-even
- 1.4 days
Slippage unknown: Kraken Futures: no order-book sample; Binance: live order book, 4 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 Kraken Futures no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 4 min ago | 1.86 bp | 27.9 bp −$28 | 114.0 bp −$1,140 | doesn't fit | doesn't fit |
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 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective GMX/USDC PERP | −0.5000% | 1h | 7.5700 | −5.907% | $4K | $4K | 5.5x | as long as short |
| Kraken Futures PF_GMXUSDlong | −0.0262% | 1h | 8.0452 | long leg | $33K | $463 | 10x | |
| BloFin GMX-USDT | +0.0089% | 8h | 8.0500 | +0.059% | $109K | $26K | 50x | as long as short |
| Binance GMXUSDTshort | +0.0100% | 8h | 8.0490 | +0.047% | $2.3M | $1.9M | 50x | |
| Bybit GMXUSDT | +0.0100% | 8h | 8.0410 | −0.053% | $825K | $246K | 20x | as long as short |
| OKX GMX-USDT-SWAP | +0.0100% | 8h | 8.0440 | −0.015% | $296K | $492K | 20x | as long as short |
| Gate GMX_USDT | +0.0100% | 8h | 8.0380 | −0.090% | $198K | $73K | 33x | as long as short |
| MEXC GMX_USDT | +0.0100% | 8h | 8.0480 | +0.034% | $377K | $177K | 125x | as long as short |
| KuCoin GMXUSDTM | +0.0100% | 8h | 8.0150 | −0.376% | $159K | $55K | 30x | as long as short |
| Bitget GMXUSDT | +0.0100% | 8h | 8.0400 | −0.065% | $417K | $208K | 50x | as long as short |
Injective GMX/USDC PERP
BloFin GMX-USDT
Bybit GMXUSDT
OKX GMX-USDT-SWAP
Gate GMX_USDT
MEXC GMX_USDT
KuCoin GMXUSDTM
Bitget GMXUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX GMX-USDT | +0.0100% | 8h | 8.0420 | −0.040% | — | $2.3M | — | as long as short |
| Variational Omni GMX | +0.0100% | 8h | 8.0431 | −0.027% | $21K | $54K | — | as long as short |
| GMX GMX/USD [GMX-USDC] | L +0.0417% / S −0.0142% | 1h | 8.0420 | −0.041% | $394K | — | 100x | as long as short |
| Lighter GMX | +0.0480% | 1h | 8.0657 | +0.254% | $77K | $89K | 5x | as long as short |
| Hyperliquid GMX | +0.0635% | 1h | 8.0595 | +0.177% | $894K | $150K | 3x | as long as short |
BingX GMX-USDT
Variational Omni GMX
GMX GMX/USD [GMX-USDC]
Lighter GMX
Hyperliquid GMX