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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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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

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: Injective against Kraken Futures−0.215%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 Injective
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. Injective is 0.215% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.215% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$21 on $10k: about 12 hours of funding at the current rate (+$41 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_GMXUSD8.0273−0.0640get 0.0080% / 1h30m 36s$33K$48010x
ShortInjective GMX/USDC PERP8.01000.0742get 0.0093% / 1h30m 36s$4K$3K5.5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective 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
$290.29
Price spread: −0.215% → 0.000%
−$21.49
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
$258.78
Costs to cover
0.100%
Break-even
0.8 days
Slippage unknown: Kraken Futures: no order-book sample; Injective: 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
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures no order-book sample—————
Sell Injective no order-book sample—————
Kraken Futures and Injective: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_GMXUSDlong−0.0640%1h8.0273long leg$33K$48010x
BloFin GMX-USDT+0.0096%8h8.0000−0.340%$106K$25K50xas long as short
Lighter GMX+0.0096%1h8.0407+0.168%$76K$84K5xas long as short
Hyperliquid GMX+0.0100%1h8.0357+0.105%$892K$115K3xas long as short
Binance GMXUSDT+0.0100%8h8.0260−0.016%$2.3M$1.6M50xas long as short
Bybit GMXUSDT+0.0100%8h8.0170−0.128%$826K$214K20xas long as short
OKX GMX-USDT-SWAP+0.0100%8h8.0160−0.140%$288K$297K20xas long as short
Gate GMX_USDT+0.0100%8h8.0260−0.016%$194K$62K33xas long as short
MEXC GMX_USDT+0.0100%8h8.0210−0.078%$379K$137K125xas long as short
KuCoin GMXUSDTM+0.0100%8h8.0020−0.315%$165K$43K30xas long as short
Show all 15 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget GMXUSDT+0.0100%8h8.0220−0.065%$410K$160K50xas long as short
BingX GMX-USDT+0.0100%8h8.0170−0.128%—$2.3M—as long as short
Variational Omni GMX+0.0100%8h8.0206−0.083%$21K$45K—as long as short
GMX GMX/USD [GMX-USDC]L +0.0604% / S −0.0190%1h8.0283+0.013%$437K—100xas long as short
Injective GMX/USDC PERPshort+0.0742%1h8.0100−0.215%$4K$3K5.5x