Funding you earn now, next payment 00:00 UTC+0.1414%/8h= +154.9% APRnext payment +$1.77 per $10,000 · paid last 24h +0.192%
Price spread now: GMX against Kraken Futures−0.012%7-day average −0.068% · 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)−0.500%−$50 on $10k
+Price spread, last 3 days (all we have)+0.468%+$47 · spread now −0.012%, 7d avg −0.068%
=Both sides work for this trade now. Funding pays +$42 a day on $10k at the current rate, and GMX is 0.056% dearer against Kraken Futures than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.068%. Mind the row above: over the last 3 days funding on this pair cost −0.500%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ARUSD | 4.5802 | −0.1965 | get 0.0246% / 1h | 44m 17s | $52K | $163K | 20x |
| Short | GMX AR/USD [WBTC.b-USDC] | 4.5797 | L −0.0140% / S +0.0551% | pay 0.0069% / 1h | 44m 17s | $588K | — | 50x |
Kraken Futures PF_ARUSD
GMX AR/USD [WBTC.b-USDC]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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $297.04
- Price spread: −0.012% → −0.068%
- $5.57
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $280.61
- Costs to cover
- 0.220%
- Break-even
- 0.4 days
Slippage unknown: Kraken Futures: live order book, 33 min ago; 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 live order book, 33 min ago | 14.23 bp | 32.6 bp −$33 | doesn't fit | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
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.
AR on 17 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_ARUSDlong | −0.1965% | 1h | 4.5802 | long leg | $52K | $163K | 20x | |
| GMX AR/USD [WBTC.b-USDC]short | L −0.0140% / S +0.0551% | 1h | 4.5797 | −0.012% | $588K | — | 50x | |
| OKX AR-USDT-SWAP | +0.0001% | 8h | 4.5830 | +0.060% | $2.4M | $20.9M | 20x | as long as short |
| Injective AR/USDC PERP | +0.0033% | 1h | 4.5720 | −0.180% | $3K | $339 | 5.5x | as long as short |
| MEXC AR_USDT | +0.0046% | 8h | 4.5760 | −0.093% | $6.7M | $4.4M | 100x | as long as short |
| Binance ARUSDT | +0.0046% | 8h | 4.5857 | +0.119% | $9.1M | $55.7M | 75x | as long as short |
| Extended AR-USD | +0.0048% | 1h | 4.5801 | −0.003% | $37K | $237K | 10x | as long as short |
| Hyperliquid AR | +0.0100% | 1h | 4.5841 | +0.084% | $4.1M | $4.9M | 5x | as long as short |
| Aster ARUSDT | +0.0100% | 8h | 4.5810 | +0.017% | $20K | $611K | 10x | as long as short |
| Bybit ARUSDT | +0.0100% | 8h | 4.5847 | +0.097% | $4.6M | $9.0M | 75x | as long as short |
OKX AR-USDT-SWAP
Injective AR/USDC PERP
MEXC AR_USDT
Binance ARUSDT
Extended AR-USD
Hyperliquid AR
Aster ARUSDT
Bybit ARUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate AR_USDT | +0.0100% | 8h | 4.5770 | −0.071% | $2.6M | $2.3M | 50x | as long as short |
| KuCoin ARUSDTM | +0.0100% | 8h | 4.5770 | −0.071% | $1.4M | $1.2M | 50x | as long as short |
| Bitget ARUSDT | +0.0100% | 8h | 4.5760 | −0.093% | $3.9M | $5.6M | 75x | as long as short |
| BingX AR-USDT | +0.0100% | 8h | 4.5750 | −0.114% | — | $2.9M | — | as long as short |
| Variational Omni AR | +0.0100% | 8h | 4.5774 | −0.061% | $139K | $172K | — | as long as short |
| ApeX Omni ARUSDT | +0.0100% | 1h | 4.5830 | +0.060% | $58K | $746K | 50x | as long as short |
| BloFin AR-USDT | +0.0166% | 8h | 4.5730 | −0.158% | $432K | $674K | 20x | as long as short |
Gate AR_USDT
KuCoin ARUSDTM
Bitget ARUSDT
BingX AR-USDT
Variational Omni AR
ApeX Omni ARUSDT
BloFin AR-USDT