Funding you earn now, next payment 01:00 UTC−0.0907%/8h= −99.3% APRnext payment −$1.13 per $10,000 · paid last 24h −0.089%
Price spread now: Kraken Futures against GMX+0.019%7-day average — · you sell dearer than you buy
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
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$27 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX ALGO/USD [WBTC.b-USDC] | 0.1117 | L +0.0340% / S −0.0348% | pay 0.0042% / 1h | 47m 38s | $7K | — | 100x |
| Short | Kraken Futures PF_ALGOUSD | 0.1118 | −0.0567 | pay 0.0071% / 1h | 47m 38s | $832K | $1.1M | 50x |
GMX ALGO/USD [WBTC.b-USDC]
Kraken Futures PF_ALGOUSDFunding 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
- −$190.39
- Price spread: +0.019% → 0.000%
- $1.87
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$210.52
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Kraken Futures: live order book, 1 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, 1 min ago | 10.73 bp | 28.0 bp −$28 | 48.6 bp −$486 | 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.
ALGO on 22 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ALGOUSDshort | −0.0567% | 1h | 0.1118 | +0.019% | $832K | $1.1M | 50x | |
| Deribit ALGO_USDC-PERPETUAL | −0.0555% | 1h | 0.1117 | −0.022% | $101K | $50K | 25x | as long as short |
| Bybit ALGOUSDT | −0.0157% | 8h | 0.1116 | −0.103% | $11.2M | $12.0M | 75x | as long as short |
| Variational Omni ALGO | −0.0137% | 8h | 0.1116 | −0.114% | $62K | $12K | — | as long as short |
| Coinbase International ALGO-PERP-INTX | −0.0104% | 1h | 0.1123 | +0.524% | $67K | $301K | 50x | as long as short |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1118 | +0.075% | $6K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +0.237% | $834 | $233K | 12x | as long as short |
| Extended ALGO-USD | +0.0088% | 1h | 0.1117 | −0.043% | $4K | $228K | 10x | as long as short |
| MEXC ALGO_USDT | +0.0088% | 8h | 0.1117 | −0.004% | $22.9M | $2.9M | 200x | as long as short |
| Binance ALGOUSDT | +0.0088% | 8h | 0.1117 | −0.022% | $9.9M | $34.4M | 75x | as long as short |
Deribit ALGO_USDC-PERPETUAL
Bybit ALGOUSDT
Variational Omni ALGO
Coinbase International ALGO-PERP-INTX
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
Extended ALGO-USD
MEXC ALGO_USDT
Binance ALGOUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid ALGO | +0.0100% | 1h | 0.1119 | +0.103% | $3.7M | $1.9M | 5x | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1118 | +0.059% | $44K | $38K | 5x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1117 | −0.049% | $2.9M | $7.5M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1118 | +0.040% | $878K | $810K | 50x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1117 | −0.004% | $3.6M | $1.4M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1117 | −0.031% | $5.6M | $3.6M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1117 | −0.022% | — | $3.3M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1118 | +0.076% | $66K | $108K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1119 | +0.148% | $3.8M | $1.8M | 50x | as long as short |
| BloFin ALGO-USDT | +0.0208% | 8h | 0.1115 | −0.201% | $489K | $787K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC]long | L +0.0340% / S −0.0348% | 1h | 0.1117 | long leg | $7K | — | 100x | |
| dYdX ALGO-USD | +0.0872% | 1h | 0.1118 | +0.080% | $160K | $3K | 5x | as long as short |
Hyperliquid ALGO
Aster ALGOUSDT
OKX ALGO-USDT-SWAP
Gate ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
HTX ALGO-USDT
Phemex ALGOUSDT
BloFin ALGO-USDT
dYdX ALGO-USD