Funding you earn now, next payment 05:00 UTC−0.0362%/8h= −39.6% APRpaid last 24h −0.193%
Price spread now: Kraken Futures against OKX−0.046%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 −$11 a day on $10k at the current rate, and Kraken Futures is 0.046% cheaper against OKX than usual: you would sell low and buy high (−$5 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 | OKX GMX-USDT-SWAP | 8.0440 | 0.0100 | pay 0.0100% / 8h | 3h 30m | $296K | $492K | 20x |
| Short | Kraken Futures PF_GMXUSD | 8.0403 | −0.0262 | pay 0.0033% / 1h | 30m 16s | $33K | $463 | 10x |
OKX GMX-USDT-SWAP
Kraken Futures PF_GMXUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against OKX. 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
- −$75.98
- Price spread: −0.046% → 0.000%
- −$4.59
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$100.57
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: OKX: live order book, 20 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 OKX live order book, 20 min ago | 7.43 bp | 37.4 bp −$37 | 10059.2 bp −$100.6K | 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 | 7.5700 | −5.893% | $4K | $4K | 5.5x | as long as short |
| Kraken Futures PF_GMXUSDshort | −0.0262% | 1h | 8.0403 | −0.046% | $33K | $463 | 10x | |
| BloFin GMX-USDT | +0.0089% | 8h | 8.0500 | +0.075% | $109K | $26K | 50x | as long as short |
| Binance GMXUSDT | +0.0100% | 8h | 8.0509 | +0.086% | $2.3M | $1.9M | 50x | as long as short |
| Bybit GMXUSDT | +0.0100% | 8h | 8.0480 | +0.050% | $826K | $246K | 20x | as long as short |
| OKX GMX-USDT-SWAPlong | +0.0100% | 8h | 8.0440 | long leg | $296K | $492K | 20x | |
| Gate GMX_USDT | +0.0100% | 8h | 8.0380 | −0.075% | $198K | $73K | 33x | as long as short |
| MEXC GMX_USDT | +0.0100% | 8h | 8.0490 | +0.062% | $377K | $177K | 125x | as long as short |
| KuCoin GMXUSDTM | +0.0100% | 8h | 8.0150 | −0.361% | $159K | $55K | 30x | as long as short |
| Bitget GMXUSDT | +0.0100% | 8h | 8.0420 | −0.025% | $417K | $208K | 50x | as long as short |
Injective GMX/USDC PERP
BloFin GMX-USDT
Binance GMXUSDT
Bybit GMXUSDT
Gate GMX_USDT
MEXC GMX_USDT
KuCoin GMXUSDTM
Bitget GMXUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX GMX-USDT | +0.0100% | 8h | 8.0430 | −0.012% | — | $2.3M | — | as long as short |
| Variational Omni GMX | +0.0100% | 8h | 8.0431 | −0.011% | $21K | $54K | — | as long as short |
| GMX GMX/USD [GMX-USDC] | L +0.0417% / S −0.0142% | 1h | 8.0382 | −0.072% | $394K | — | 100x | as long as short |
| Lighter GMX | +0.0480% | 1h | 8.0648 | +0.259% | $77K | $89K | 5x | as long as short |
| Hyperliquid GMX | +0.0640% | 1h | 8.0600 | +0.199% | $894K | $150K | 3x | as long as short |
BingX GMX-USDT
Variational Omni GMX
GMX GMX/USD [GMX-USDC]
Lighter GMX
Hyperliquid GMX