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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 02:00 UTC+0.0647%/8h= +70.9% APRpaid last 24h +0.226%
Price spread now: OKX against Kraken Futures−0.110%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 OKX
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. OKX is 0.110% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.110% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 14 hours of funding at the current rate (+$19 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_GMXUSD8.0489−0.0547get 0.0068% / 1h4m 08s$33K$56910x
ShortOKX GMX-USDT-SWAP8.04000.0100get 0.0100% / 8h6h 04m$296K$511K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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
$135.89
Price spread: −0.110% → 0.000%
−$11.03
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee OKX: 5 bp × 2 orders
−$10
Net
$104.86
Costs to cover
0.200%
Break-even
1.6 days
Slippage unknown: Kraken Futures: no order-book sample; OKX: live order book, 62 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 OKX live order book, 62 min ago7.39 bp33.9 bp −$34doesn'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 14 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%1h7.5700−5.950%$4K$4K5.5xas long as short
Kraken Futures PF_GMXUSDlong−0.0547%1h8.0489long leg$33K$56910x
Binance GMXUSDT+0.0100%8h8.0430−0.073%$2.3M$1.9M50xas long as short
Bybit GMXUSDT+0.0100%8h8.0480−0.011%$840K$249K20xas long as short
OKX GMX-USDT-SWAPshort+0.0100%8h8.0400−0.110%$296K$511K20x
Gate GMX_USDT+0.0100%8h8.0500+0.014%$198K$78K33xas long as short
MEXC GMX_USDT+0.0100%8h8.0520+0.039%$379K$181K125xas long as short
KuCoin GMXUSDTM+0.0100%8h8.0580+0.113%$182K$31K30xas long as short
Bitget GMXUSDT+0.0100%8h8.0410−0.098%$405K$206K50xas long as short
BingX GMX-USDT+0.0100%8h8.0450−0.048%—$2.3M—as long as short
Show all 14 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni GMX+0.0100%8h8.0431−0.072%$21K$54K—as long as short
GMX GMX/USD [GMX-USDC]L +0.0416% / S −0.0141%1h8.0447−0.052%$394K—100xas long as short
Hyperliquid GMX+0.0551%1h8.0628+0.173%$903K$159K3xas long as short
Lighter GMX+0.0568%1h8.0679+0.236%$77K$92K5xas long as short