S

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.2329%/8h= +255.0% APRnext payment +$2.91 per $10,000 · paid last 24h +0.425%

Price spread now: GMX against Kraken Futures+0.116%7-day average — · you sell dearer than you buy

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

Long on Kraken Futures Short on GMX

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 for this trade now. Funding pays +$70 a day on $10k at the current rate, and GMX is 0.116% dearer against Kraken Futures than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_SUSD	0.04040	−0.2527	get 0.0316% / 1h	24m 52s	$34K	$13K	10x
Short	GMX S/USD [WBTC.b-USDC]	0.04045	L −0.0206% / S +0.0198%	pay 0.0025% / 1h	24m 52s	$1K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Kraken Futures. 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 Kraken FuturesbpFee GMXbpOrdersPrice spread, now +0.116%Rate

Funding earned: $489.09
Price spread: +0.116% → 0.000%: $11.61
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $478.69
Costs to cover: 0.220%
Break-even: 0.1 days

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

Kraken Futures and 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.

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	−0.7640%	1h	0.03970	−1.728%	$25K	$2K	5x	as long as short
Kraken Futures PF_SUSDlong	−0.2527%	1h	0.04040	long leg	$34K	$13K	10x
Coinbase International S-PERP-INTX	−0.1376%	1h	0.03986	−1.332%	$48K	$16K	25x	as long as short
GMX S/USD [WBTC.b-USDC]short	L −0.0206% / S +0.0198%	1h	0.04045	+0.116%	$1K	—	100x
Reya SRUSDPERP	−0.0101%	1h	0.04042	+0.043%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04043	+0.090%	$3K	—	150x	as long as short
Variational Omni S	+0.0004%	4h	0.04015	−0.620%	$623K	$30K	—	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+1.490%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0065%	4h	0.04043	+0.079%	$100K	$295K	10x	as long as short
Lighter S	+0.0096%	1h	0.04047	+0.178%	$170K	$156K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid S	+0.0100%	1h	0.04046	+0.143%	$1.0M	$548K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.04040	+0.002%	$44K	$131K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.04043	+0.076%	$5.5M	$13.6M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.04038	−0.045%	$5.8M	$4.5M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.04043	+0.079%	$1.0M	$3.9M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.04040	+0.005%	$331K	$188K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.04043	+0.079%	$3.9M	$1.8M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.04040	+0.005%	$1.9M	$2.7M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.04044	+0.104%	$1.2M	$2.1M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04040	+0.005%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.04020	−0.490%	$24K	$460K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.04041	+0.040%	$231K	$1.1M	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.04040	+0.005%	$280K	$97K	75x	as long as short
Backpack S_USDC_PERP	+0.0985%	1h	0.04040	+0.005%	$117K	$412K	5x	as long as short
Deribit S_USDC-PERPETUAL	+0.0986%	1h	0.04050	+0.252%	$68K	$10K	10x	as long as short