GMX

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0749%/8h= +82.0% APRnext payment +$0.94 per $10,000 · paid last 24h +0.243%

Price spread now: GMX against Kraken Futures+0.023%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 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 +$22 a day on $10k at the current rate, and GMX is 0.023% dearer against Kraken Futures than usual: you sell high and buy low: +$2 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	8.1397	−0.0607	get 0.0076% / 1h	36m 58s	$33K	$600	10x
Short	GMX GMX/USD [GMX-USDC]	8.1416	L +0.0416% / S −0.0141%	get 0.0018% / 1h	36m 58s	$399K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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

Position, each leg$Hold fordaysFee Kraken FuturesbpFee GMXbpOrdersPrice spread, now +0.023%Rate

Funding earned: $157.23
Price spread: +0.023% → 0.000%: $2.33
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $137.56
Costs to cover: 0.220%
Break-even: 0.9 days

Slippage unknown: Kraken Futures: no order-book sample; GMX: 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Kraken Futures and GMX: 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	7.6600	−5.893%	$4K	$5K	5.5x	as long as short
Kraken Futures PF_GMXUSDlong	−0.0607%	1h	8.1397	long leg	$33K	$600	10x
BloFin GMX-USDT	+0.0092%	8h	8.1410	+0.016%	$110K	$31K	50x	as long as short
Hyperliquid GMX	+0.0100%	1h	8.1554	+0.193%	$932K	$166K	3x	as long as short
Binance GMXUSDT	+0.0100%	8h	8.1408	+0.013%	$2.3M	$2.0M	50x	as long as short
Bybit GMXUSDT	+0.0100%	8h	8.1370	−0.033%	$848K	$266K	20x	as long as short
OKX GMX-USDT-SWAP	+0.0100%	8h	8.1340	−0.070%	$298K	$548K	20x	as long as short
Gate GMX_USDT	+0.0100%	8h	8.1270	−0.156%	$205K	$77K	33x	as long as short
MEXC GMX_USDT	+0.0100%	8h	8.1410	+0.016%	$403K	$174K	125x	as long as short
KuCoin GMXUSDTM	+0.0100%	8h	8.1620	+0.274%	$184K	$36K	30x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget GMXUSDT	+0.0100%	8h	8.1270	−0.156%	$408K	$202K	50x	as long as short
BingX GMX-USDT	+0.0100%	8h	8.1370	−0.033%	—	$2.3M	—	as long as short
Variational Omni GMX	+0.0100%	8h	8.1412	+0.019%	$21K	$54K	—	as long as short
Lighter GMX	+0.0160%	1h	8.1779	+0.470%	$78K	$93K	5x	as long as short
GMX GMX/USD [GMX-USDC]short	L +0.0416% / S −0.0141%	1h	8.1416	+0.023%	$399K	—	100x