Settings8H · net · $10k
Funding arb · Price arb /

GMX

all GMX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0363%/8h= +39.7% APRpaid last 24h +0.193%
Price spread now: KuCoin against Kraken Futures−0.004%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$11 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_GMXUSD8.0183−0.0263get 0.0033% / 1h24m 10s$33K$46310x
ShortKuCoin GMXUSDTM8.01800.0100get 0.0100% / 8h3h 24m$159K$55K30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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
$76.13
Price spread: −0.004% → 0.000%
−$0.4
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
$53.73
Costs to cover
0.220%
Break-even
2.1 days
Slippage unknown: Kraken Futures: no order-book sample; KuCoin: live order book, 46 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 KuCoin live order book, 46 min ago37.32 bp252.5 bp −$253doesn'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%1h7.5700−5.591%$4K$4K5.5xas long as short
Kraken Futures PF_GMXUSDlong−0.0263%1h8.0183long leg$33K$46310x
BloFin GMX-USDT+0.0079%8h8.0260+0.096%$108K$25K50xas long as short
Binance GMXUSDT+0.0100%8h8.0200+0.021%$2.3M$1.9M50xas long as short
Bybit GMXUSDT+0.0100%8h8.0180−0.004%$824K$247K20xas long as short
OKX GMX-USDT-SWAP+0.0100%8h8.0110−0.091%$295K$489K20xas long as short
Gate GMX_USDT+0.0100%8h8.0130−0.066%$198K$73K33xas long as short
MEXC GMX_USDT+0.0100%8h8.0210+0.033%$376K$178K125xas long as short
KuCoin GMXUSDTMshort+0.0100%8h8.0180−0.004%$159K$55K30x
Bitget GMXUSDT+0.0100%8h8.0120−0.079%$415K$208K50xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX GMX-USDT+0.0100%8h8.0200+0.021%$2.3Mas long as short
Variational Omni GMX+0.0100%8h8.0265+0.102%$21K$54Kas long as short
GMX GMX/USD [GMX-USDC]L +0.0417% / S −0.0142%1h8.0085−0.123%$393K100xas long as short
Lighter GMX+0.0456%1h8.0340+0.196%$76K$89K5xas long as short
Hyperliquid GMX+0.0655%1h8.0303+0.149%$891K$150K3xas long as short