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Funding arb · Price arb /

GMX

all GMX markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 02:00 UTC+0.0646%/8h= +70.7% APRpaid last 24h +0.226%
Price spread now: Gate against Kraken Futures−0.275%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on Kraken FuturesShort on Gate
What this pair did over the last
the charts below follow
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
Funding pays, the price is against you. Gate is 0.275% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.275% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$28 on $10k: about 34 hours of funding at the current rate (+$19 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_GMXUSD8.0662−0.0546get 0.0068% / 1h50m 30s$33K$60010x
ShortGate GMX_USDT8.04400.0100get 0.0100% / 8h6h 50m$198K$78K33x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$135.64
Price spread: −0.275% → 0.000%
−$27.51
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
$83.13
Costs to cover
0.250%
Break-even
2.7 days
Slippage unknown: Kraken Futures: no order-book sample; Gate: live order book, 11 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures no order-book sample—————
Sell Gate live order book, 11 min ago6.82 bp369.7 bp −$370doesn't fitdoesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective GMX/USDC PERP−0.5000%1h7.5900−5.904%$4K$4K5.5xas long as short
Kraken Futures PF_GMXUSDlong−0.0546%1h8.0662long leg$33K$60010x
BloFin GMX-USDT+0.0071%8h8.0500−0.201%$110K$26K50xas long as short
Binance GMXUSDT+0.0100%8h8.0810+0.184%$2.3M$1.9M50xas long as short
Bybit GMXUSDT+0.0100%8h8.0780+0.146%$844K$260K20xas long as short
OKX GMX-USDT-SWAP+0.0100%8h8.0800+0.171%$297K$528K20xas long as short
Gate GMX_USDTshort+0.0100%8h8.0440−0.275%$198K$78K33x
MEXC GMX_USDT+0.0100%8h8.0790+0.159%$379K$179K125xas long as short
KuCoin GMXUSDTM+0.0100%8h8.0890+0.283%$183K$37K30xas long as short
Bitget GMXUSDT+0.0100%8h8.0700+0.047%$405K$207K50xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX GMX-USDT+0.0100%8h8.0660−0.002%—$2.3M—as long as short
Variational Omni GMX+0.0100%8h8.0633−0.036%$21K$54K—as long as short
Hyperliquid GMX+0.0231%1h8.0894+0.288%$922K$149K3xas long as short
Lighter GMX+0.0288%1h8.0971+0.383%$77K$92K5xas long as short
GMX GMX/USD [GMX-USDC]L +0.0416% / S −0.0141%1h8.0632−0.037%$395K—100xas long as short