FIL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0194%/8h= +21.2% APRnext payment +$0.24 per $10,000 · paid last 24h +0.349%

Price spread now: GMX against Kraken Futures−0.082%7-day average −0.008% · you buy dearer than you sell

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)+1.303%+$130 on $10k

Price spread, last 4 days (all we have)+0.054%+$5 · spread now −0.082%, 7d avg −0.008%

Together, before fees+1.357%+$136 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.074% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.082% now, against its 7-day average of −0.008%). If the spread goes back, that is −$7 on $10k: about 30 hours of funding at the current rate (+$6 a day). At the pace of the last 3 days (+1.303% in total) that is about 5 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_FILUSD	0.9984	0.0043	pay 0.0005% / 1h	36m 59s	$1.4M	$2.3M	50x
Short	GMX FIL/USD [WBTC.b-USDC]	0.9976	L +0.0574% / S −0.0237%	get 0.0030% / 1h	36m 59s	$266K	—	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 −0.082%Rate

Funding earned: $40.75
Price spread: −0.082% → −0.008%: −$7.4
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $11.35
Costs to cover: 0.220%
Break-even: 5.1 days

Slippage unknown: Kraken Futures: live order book, 2 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, 2 min ago	6.01 bp	19.5 bp −$19	28.4 bp −$284	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.

FIL on 29 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 FIL_USDC-PERPETUAL	−0.0551%	1h	0.9979	−0.048%	$172K	$23K	25x	as long as short
Coinbase International FIL-PERP-INTX	−0.0208%	1h	0.9970	−0.138%	$376K	$2.1M	50x	as long as short
OKX FIL-USDT-SWAP	−0.0064%	8h	0.9978	−0.058%	$18.6M	$104.4M	50x	as long as short
KuCoin FILUSDTM	−0.0019%	8h	0.9982	−0.018%	$7.4M	$7.5M	50x	as long as short
gTrade (Gains Network) FIL/USD	L −0.0004% / S +0.0006%	1h	0.9974	−0.093%	$26K	—	150x	as long as short
dYdX FIL-USD	0.0000%	1h	0.9986	+0.023%	$58K	$2K	10x	as long as short
Injective FIL/USDC PERP	+0.0033%	1h	0.9855	−1.290%	$2K	$240K	12x	as long as short
Kraken Futures PF_FILUSDlong	+0.0043%	1h	0.9984	long leg	$1.4M	$2.3M	50x
Extended FIL-USD	+0.0080%	1h	0.9984	+0.005%	$708K	$3.3M	10x	as long as short
Binance FILUSDT	+0.0083%	8h	0.9987	+0.029%	$57.4M	$182.9M	75x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC FIL_USDC	+0.0087%	8h	0.9984	+0.002%	$242K	$103K	50x	as long as short
Lighter FIL	+0.0096%	1h	0.9981	−0.028%	$155K	$360K	5x	as long as short
Hyperliquid FIL	+0.0100%	1h	0.9980	−0.043%	$8.5M	$9.4M	5x	as long as short
Aster FILUSDT	+0.0100%	8h	0.9986	+0.024%	$512K	$599K	20x	as long as short
Bybit FILUSDT	+0.0100%	8h	0.9985	+0.012%	$15.7M	$20.0M	25x	as long as short
Gate FIL_USDT	+0.0100%	8h	0.9984	+0.002%	$8.4M	$16.6M	50x	as long as short
Bitget FILUSDT	+0.0100%	8h	0.9985	+0.012%	$11.2M	$20.4M	75x	as long as short
BingX FIL-USDT	+0.0100%	8h	0.9986	+0.022%	—	$11.8M	—	as long as short
Variational Omni FIL	+0.0100%	8h	0.9952	−0.322%	$448K	$265K	—	as long as short
edgeX FILUSDC	+0.0100%	4h	0.9949	−0.352%	$45K	$295K	10x	as long as short
GRVT FIL_USDT_Perp	+0.0100%	8h	0.9957	−0.268%	$289K	$946K	10x	as long as short
ApeX Omni FILUSDT	+0.0100%	1h	0.9960	−0.238%	$30K	$180K	50x	as long as short
Orderly PERP_FIL_USDC_mythos	+0.0100%	4h	0.9980	−0.035%	$4K	$798	10x	as long as short
SunX FIL-USDT	+0.0100%	8h	0.9970	−0.138%	$3K	$1.1M	20x	as long as short
SoDEX FIL-USD	+0.0100%	1h	0.9981	−0.028%	$482	$11K	5x	as long as short
HTX FIL-USDT	+0.0100%	8h	0.9988	+0.042%	$624K	$5.8M	75x	as long as short
Phemex FILUSDT	+0.0100%	8h	0.9970	−0.138%	$1.1M	$2.5M	50x	as long as short
BloFin FIL-USDT	+0.0203%	8h	0.9946	−0.379%	$2.7M	$653K	75x	as long as short
GMX FIL/USD [WBTC.b-USDC]short	L +0.0574% / S −0.0237%	1h	0.9976	−0.082%	$266K	—	100x