Funding you earn now, next payment 06:00 UTC−0.0055%/8h= −6.1% APRpaid last 24h −0.190%
Price spread now: Kraken Futures against KuCoin−0.061%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Kraken Futures is 0.061% cheaper against KuCoin than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin GMXUSDTM | 7.9820 | 0.0100 | pay 0.0100% / 8h | 2h 29m | $158K | $57K | 30x |
| Short | Kraken Futures PF_GMXUSD | 7.9771 | 0.0045 | get 0.0006% / 1h | 29m 30s | $33K | $463 | 10x |
KuCoin GMXUSDTM
Kraken Futures PF_GMXUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against KuCoin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$11.64
- Price spread: −0.061% → 0.000%
- −$6.08
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$39.73
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: KuCoin: live order book, 26 min ago; Kraken Futures: 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 KuCoin live order book, 26 min ago | 47.72 bp | 558.6 bp −$559 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures no order-book sample | — | — | — | — | — |
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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective GMX/USDC PERP | −0.5000% | 1h | 7.5300 | −5.663% | $4K | $4K | 5.5x | as long as short |
| Kraken Futures PF_GMXUSDshort | +0.0045% | 1h | 7.9771 | −0.061% | $33K | $463 | 10x | |
| Binance GMXUSDT | +0.0100% | 8h | 7.9854 | +0.043% | $2.3M | $1.9M | 50x | as long as short |
| Bybit GMXUSDT | +0.0100% | 8h | 7.9790 | −0.038% | $820K | $246K | 20x | as long as short |
| OKX GMX-USDT-SWAP | +0.0100% | 8h | 7.9610 | −0.263% | $292K | $455K | 20x | as long as short |
| Gate GMX_USDT | +0.0100% | 8h | 7.9690 | −0.163% | $192K | $70K | 33x | as long as short |
| MEXC GMX_USDT | +0.0100% | 8h | 7.9800 | −0.025% | $374K | $177K | 125x | as long as short |
| KuCoin GMXUSDTMlong | +0.0100% | 8h | 7.9820 | long leg | $158K | $57K | 30x | |
| Bitget GMXUSDT | +0.0100% | 8h | 7.9730 | −0.113% | $413K | $201K | 50x | as long as short |
| BingX GMX-USDT | +0.0100% | 8h | 7.9760 | −0.075% | — | $2.3M | — | as long as short |
Injective GMX/USDC PERP
Binance GMXUSDT
Bybit GMXUSDT
OKX GMX-USDT-SWAP
Gate GMX_USDT
MEXC GMX_USDT
Bitget GMXUSDT
BingX GMX-USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni GMX | +0.0100% | 8h | 7.9813 | −0.009% | $21K | $55K | — | as long as short |
| BloFin GMX-USDT | +0.0110% | 8h | 7.9880 | +0.075% | $108K | $25K | 50x | as long as short |
| Lighter GMX | +0.0248% | 1h | 8.0020 | +0.251% | $76K | $89K | 5x | as long as short |
| Hyperliquid GMX | +0.0381% | 1h | 7.9937 | +0.147% | $891K | $154K | 3x | as long as short |
| GMX GMX/USD [GMX-USDC] | L +0.0417% / S −0.0142% | 1h | 7.9780 | −0.050% | $391K | — | 100x | as long as short |
Variational Omni GMX
BloFin GMX-USDT
Lighter GMX
Hyperliquid GMX
GMX GMX/USD [GMX-USDC]