S

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.1696%/8h= −185.7% APRnext payment −$2.12 per $10,000 · paid last 24h −0.468%

Price spread now: Kraken Futures against GMX−0.622%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on GMX Short on Kraken Futures

What this pair did over the last

the charts below follow

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 −$51 a day on $10k at the current rate, and Kraken Futures is 0.622% cheaper against GMX than usual: you would sell low and buy high (−$62 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 S/USD [WBTC.b-USDC]	0.04182	L −0.0206% / S +0.0198%	get 0.0026% / 1h	23m 26s	$1K	—	100x
Short	Kraken Futures PF_SUSD	0.04156	−0.1901	pay 0.0238% / 1h	23m 26s	$34K	$18K	10x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GMXbpFee Kraken FuturesbpOrdersPrice spread, now −0.622%Rate

Funding earned: −$356.07
Price spread: −0.622% → 0.000%: −$62.18
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$440.25
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: 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 GMX no order-book sample	—	—	—	—	—
Sell Kraken Futures no order-book sample	—	—	—	—	—

GMX 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.

S on 25 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
01 Exchange SUSD	−1.1520%	1h	0.03990	−4.582%	$25K	$2K	5x	as long as short
Kraken Futures PF_SUSDshort	−0.1901%	1h	0.04156	−0.622%	$34K	$18K	10x
Coinbase International S-PERP-INTX	−0.1064%	1h	0.04073	−2.597%	$49K	$17K	25x	as long as short
GMX S/USD [WBTC.b-USDC]long	L −0.0206% / S +0.0198%	1h	0.04182	long leg	$1K	—	100x
Reya SRUSDPERP	−0.0101%	1h	0.04187	+0.140%	$4	—	15x	as long as short
Deribit S_USDC-PERPETUAL	0.0000%	1h	0.04178	−0.086%	$70K	$10K	10x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04189	+0.176%	$646	—	150x	as long as short
Variational Omni S	+0.0006%	4h	0.04166	−0.380%	$647K	$5K	—	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	−1.951%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0095%	4h	0.04188	+0.153%	$104K	$596K	10x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter S	+0.0096%	1h	0.04176	−0.134%	$180K	$142K	5x	as long as short
Hyperliquid S	+0.0100%	1h	0.04188	+0.153%	$1.1M	$609K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.04184	+0.047%	$45K	$145K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.04184	+0.061%	$5.9M	$14.2M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.04180	−0.038%	$6.0M	$4.3M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.04184	+0.057%	$1.1M	$4.0M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.04184	+0.057%	$343K	$191K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.04189	+0.177%	$4.3M	$1.9M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.04178	−0.086%	$1.9M	$2.8M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.04189	+0.177%	$1.3M	$2.4M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04184	+0.057%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.04170	−0.277%	$24K	$500K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.04178	−0.077%	$236K	$1.3M	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.04172	−0.230%	$285K	$119K	75x	as long as short
Backpack S_USDC_PERP	+0.1327%	1h	0.04170	−0.277%	$103K	$455K	5x	as long as short