Funding you earn now, next payment 08:00 UTC−0.0668%/8h= −73.1% APRnext payment −$0.83 per $10,000 · paid last 24h −0.146%
Price spread now: Kraken Futures against GMX−0.028%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 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 −$20 a day on $10k at the current rate, and Kraken Futures is 0.028% cheaper against GMX than usual: you would sell low and buy high (−$3 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 | GMX ICP/USD [WBTC.b-USDC] | 2.9631 | L +0.0457% / S −0.0403% | pay 0.0057% / 1h | 39m 40s | $33K | — | 100x |
| Short | Kraken Futures PF_ICPUSD | 2.9623 | −0.0211 | pay 0.0026% / 1h | 39m 40s | $524K | $661K | 50x |
GMX ICP/USD [WBTC.b-USDC]
Kraken Futures PF_ICPUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against GMX. 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
- −$140.19
- Price spread: −0.028% → 0.000%
- −$2.84
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$165.02
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Kraken Futures: live order book, 63 min ago. 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 GMX no order-book sample | — | — | — | — | — |
| Sell Kraken Futures live order book, 63 min ago | 5.10 bp | 13.4 bp −$13 | 35.6 bp −$356 | doesn't fit | doesn't fit |
GMX: 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.
ICP on 27 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ICP_USDC-PERPETUAL | −0.0763% | 1h | 2.9595 | −0.123% | $193 | $439 | 50x | as long as short |
| Phemex ICPUSDT | −0.0308% | 8h | 2.9590 | −0.140% | $1.8M | $683K | 50x | as long as short |
| Kraken Futures PF_ICPUSDshort | −0.0211% | 1h | 2.9623 | −0.028% | $524K | $661K | 50x | |
| Variational Omni ICP | −0.0110% | 8h | 2.9629 | −0.008% | $1.1M | $135K | — | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9601 | −0.103% | $69K | $3K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0004% | 1h | 2.9632 | +0.002% | $6K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | +0.113% | $202 | $200K | 12x | as long as short |
| Bybit ICPUSDT | +0.0089% | 8h | 2.9530 | −0.342% | $17.1M | $17.9M | 75x | as long as short |
| Lighter ICP | +0.0096% | 1h | 2.9569 | −0.211% | $138K | $488K | 5x | as long as short |
| Hyperliquid ICP | +0.0100% | 1h | 2.9617 | −0.049% | $4.6M | $4.6M | 5x | as long as short |
Deribit ICP_USDC-PERPETUAL
Phemex ICPUSDT
Variational Omni ICP
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Bybit ICPUSDT
Lighter ICP
Hyperliquid ICPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster ICPUSDT | +0.0100% | 8h | 2.9589 | −0.145% | $286K | $1.0M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 2.9556 | −0.255% | $133K | $9K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9530 | −0.342% | $28.9M | $48.1M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9540 | −0.309% | $5.7M | $14.9M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9540 | −0.309% | $1.9M | $2.8M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9550 | −0.275% | $19.4M | $9.9M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9560 | −0.241% | $4.9M | $11.7M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9560 | −0.241% | $7.0M | $4.6M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9560 | −0.241% | — | $5.6M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9651 | +0.065% | $23K | $278K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9654 | +0.075% | $571K | $568K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9590 | −0.140% | $1K | $1.5M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9620 | −0.039% | $103K | $113K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9533 | −0.333% | $22K | $235K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9670 | +0.130% | $1.3M | $2.4M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0376% | 1h | 2.9750 | +0.400% | $58K | $69K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC]long | L +0.0457% / S −0.0403% | 1h | 2.9631 | long leg | $33K | — | 100x |
Aster ICPUSDT
Pacifica ICP
Binance ICPUSDT
OKX ICP-USDT-SWAP
Gate ICP_USDT
MEXC ICP_USDT
KuCoin ICPUSDTM
Bitget ICPUSDT
BingX ICP-USDT
edgeX ICPUSDC
GRVT ICP_USDT_Perp
SunX ICP-USDT
HTX ICP-USDT
Extended ICP-USD
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX