Funding you earn now, next payment 05:00 UTC+0.0351%/8h= +38.4% APRpaid last 24h +0.198%
Price spread now: BloFin against Kraken Futures+0.121%57s7-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 BloFin is 0.121% dearer against Kraken Futures than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 57 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 | Kraken Futures PF_GMXUSD | 8.0403 | −0.0262 | get 0.0033% / 1h | 29m 45s | $33K | $463 | 10x |
| Short | BloFin GMX-USDT | 8.0500 | 0.0089 | get 0.0089% / 8h | 3h 29m | $109K | $26K | 50x |
Kraken Futures PF_GMXUSD
BloFin GMX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $73.66
- Price spread: +0.121% → 0.000%
- $12.06
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $63.72
- Costs to cover
- 0.220%
- Break-even
- 0.9 days
Slippage unknown: Kraken Futures: no order-book sample; BloFin: live order book, 51 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 BloFin live order book, 51 min ago | 3.72 bp | 25.0 bp −$25 | 74.7 bp −$747 | 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 | −5.849% | $4K | $4K | 5.5x | as long as short |
| Kraken Futures PF_GMXUSDlong | −0.0262% | 1h | 8.0403 | long leg | $33K | $463 | 10x | |
| BloFin GMX-USDTshort | +0.0089% | 8h | 8.0500 | +0.121% | $109K | $26K | 50x | |
| Binance GMXUSDT | +0.0100% | 8h | 8.0462 | +0.073% | $2.3M | $1.9M | 50x | as long as short |
| Bybit GMXUSDT | +0.0100% | 8h | 8.0410 | +0.009% | $826K | $246K | 20x | as long as short |
| OKX GMX-USDT-SWAP | +0.0100% | 8h | 8.0440 | +0.046% | $296K | $492K | 20x | as long as short |
| Gate GMX_USDT | +0.0100% | 8h | 8.0380 | −0.029% | $198K | $73K | 33x | as long as short |
| MEXC GMX_USDT | +0.0100% | 8h | 8.0470 | +0.083% | $377K | $177K | 125x | as long as short |
| KuCoin GMXUSDTM | +0.0100% | 8h | 8.0360 | −0.054% | $159K | $55K | 30x | as long as short |
| Bitget GMXUSDT | +0.0100% | 8h | 8.0400 | −0.004% | $417K | $208K | 50x | as long as short |
Injective GMX/USDC PERP
Binance GMXUSDT
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 | 8.0450 | +0.058% | — | $2.3M | — | as long as short |
| Variational Omni GMX | +0.0100% | 8h | 8.0431 | +0.035% | $21K | $54K | — | as long as short |
| GMX GMX/USD [GMX-USDC] | L +0.0417% / S −0.0142% | 1h | 8.0382 | −0.026% | $394K | — | 100x | as long as short |
| Lighter GMX | +0.0480% | 1h | 8.0612 | +0.260% | $77K | $89K | 5x | as long as short |
| Hyperliquid GMX | +0.0642% | 1h | 8.0551 | +0.184% | $894K | $150K | 3x | as long as short |
BingX GMX-USDT
Variational Omni GMX
GMX GMX/USD [GMX-USDC]
Lighter GMX
Hyperliquid GMX