Funding you earn now, next payment 08:00 UTC+0.0257%/8h= +28.1% APRnext payment +$0.32 per $10,000 · paid last 24h −0.256%
Price spread now: Kraken Futures against Lighter−0.211%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—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Funding pays, the price is against you. Kraken Futures is 0.211% cheaper against Lighter than usual: you would sell low and buy high (spread −0.211% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$21 on $10k: about 2.7 days of funding at the current rate (+$8 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter GMX | 8.0050 | 0.0168 | pay 0.0021% / 1h | 22m 49s | $76K | $89K | 5x |
| Short | Kraken Futures PF_GMXUSD | 7.9881 | 0.0425 | get 0.0053% / 1h | 22m 49s | $33K | $463 | 10x |
Lighter GMX
Kraken Futures PF_GMXUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Lighter. 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
- $53.95
- Price spread: −0.211% → 0.000%
- −$21.06
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $22.89
- Costs to cover
- 0.100%
- Break-even
- 4.0 days
Slippage unknown: Lighter: no order-book sample; 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 Lighter no order-book sample | — | — | — | — | — |
| Sell Kraken Futures no order-book sample | — | — | — | — | — |
Lighter and 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 | −5.934% | $4K | $3K | 5.5x | as long as short |
| BloFin GMX-USDT | +0.0078% | 8h | 7.9840 | −0.262% | $107K | $26K | 50x | as long as short |
| Binance GMXUSDT | +0.0100% | 8h | 7.9940 | −0.137% | $2.3M | $1.7M | 50x | as long as short |
| Bybit GMXUSDT | +0.0100% | 8h | 7.9920 | −0.162% | $815K | $237K | 20x | as long as short |
| OKX GMX-USDT-SWAP | +0.0100% | 8h | 7.9900 | −0.187% | $289K | $379K | 20x | as long as short |
| Gate GMX_USDT | +0.0100% | 8h | 7.9790 | −0.325% | $194K | $66K | 33x | as long as short |
| MEXC GMX_USDT | +0.0100% | 8h | 7.9910 | −0.175% | $373K | $169K | 125x | as long as short |
| KuCoin GMXUSDTM | +0.0100% | 8h | 7.9800 | −0.312% | $160K | $57K | 30x | as long as short |
| Bitget GMXUSDT | +0.0100% | 8h | 7.9910 | −0.175% | $411K | $186K | 50x | as long as short |
| BingX GMX-USDT | +0.0100% | 8h | 7.9880 | −0.212% | — | $2.3M | — | as long as short |
Injective GMX/USDC PERP
BloFin GMX-USDT
Binance GMXUSDT
Bybit GMXUSDT
OKX GMX-USDT-SWAP
Gate GMX_USDT
MEXC GMX_USDT
KuCoin GMXUSDTM
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 | 7.9860 | −0.237% | $21K | $53K | — | as long as short |
| Lighter GMXlong | +0.0168% | 1h | 8.0050 | long leg | $76K | $89K | 5x | |
| Hyperliquid GMX | +0.0351% | 1h | 8.0075 | +0.031% | $887K | $135K | 3x | as long as short |
| Kraken Futures PF_GMXUSDshort | +0.0425% | 1h | 7.9881 | −0.211% | $33K | $463 | 10x | |
| GMX GMX/USD [GMX-USDC] | L +0.0455% / S −0.0142% | 1h | 7.9881 | −0.212% | $392K | — | 100x | as long as short |
Variational Omni GMX
Hyperliquid GMX
GMX GMX/USD [GMX-USDC]