Funding you earn now, next payment 02:00 UTC+0.0391%/8h= +42.8% APRnext payment +$0.49 per $10,000 · paid last 24h −0.159%
Price spread now: Kraken Futures against GMX+0.331%54s7-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
Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Kraken Futures is 0.331% dearer against GMX than usual: you sell high and buy low: +$33 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX ICP/USD [WBTC.b-USDC] | 2.9814 | L +0.0507% / S −0.0480% | pay 0.0063% / 1h | 38m 21s | $37K | — | 100x |
| Short | Kraken Futures PF_ICPUSD | 2.9912 | 0.0898 | get 0.0112% / 1h | 38m 21s | $542K | $617K | 50x |
GMX ICP/USD [WBTC.b-USDC]
Kraken Futures PF_ICPUSDFunding 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
- $82.1
- Price spread: +0.331% → 0.000%
- $33.09
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $93.19
- Costs to cover
- 0.220%
- Break-even
- from the start
Slippage unknown: GMX: no order-book sample; Kraken Futures: live order book, 30 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, 30 min ago | 6.53 bp | 15.5 bp −$15 | 38.7 bp −$387 | 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.
ICP on 27 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ICP | −0.0018% | 8h | 2.9860 | +0.157% | $1.1M | $118K | — | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9853 | +0.131% | $69K | $4K | 5x | as long as short |
| Deribit ICP_USDC-PERPETUAL | 0.0000% | 1h | 2.9860 | +0.156% | $266 | $464 | 50x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0011% | 1h | 2.9823 | +0.032% | $23K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | −0.498% | $202 | $200K | 12x | as long as short |
| Lighter ICP | +0.0096% | 1h | 2.9872 | +0.196% | $163K | $490K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9840 | +0.089% | $297K | $1.7M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 2.9858 | +0.149% | $135K | $11K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9820 | +0.022% | $29.6M | $54.4M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 2.9820 | +0.022% | $17.6M | $19.1M | 75x | as long as short |
Variational Omni ICP
dYdX ICP-USD
Deribit ICP_USDC-PERPETUAL
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Lighter ICP
Aster ICPUSDT
Pacifica ICP
Binance ICPUSDT
Bybit ICPUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9840 | +0.089% | $5.8M | $17.2M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9840 | +0.089% | $1.9M | $3.1M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9830 | +0.055% | $19.1M | $10.0M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9810 | −0.012% | $5.0M | $13.5M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9850 | +0.122% | $7.0M | $4.9M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9810 | −0.012% | — | $6.1M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 3.0051 | +0.796% | $23K | $278K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9870 | +0.188% | $567K | $477K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9850 | +0.122% | $1K | $1.8M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9830 | +0.055% | $104K | $240K | 20x | as long as short |
| Phemex ICPUSDT | +0.0100% | 8h | 2.9900 | +0.290% | $1.8M | $792K | 50x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9833 | +0.065% | $22K | $131K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 3.0060 | +0.827% | $1.3M | $2.3M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0256% | 1h | 3.0080 | +0.894% | $65K | $75K | 50x | as long as short |
| Hyperliquid ICP | +0.0358% | 1h | 2.9867 | +0.179% | $4.7M | $5.2M | 5x | as long as short |
| GMX ICP/USD [WBTC.b-USDC]long | L +0.0507% / S −0.0480% | 1h | 2.9814 | long leg | $37K | — | 100x | |
| Kraken Futures PF_ICPUSDshort | +0.0898% | 1h | 2.9912 | +0.331% | $542K | $617K | 50x |
OKX ICP-USDT-SWAP
Gate ICP_USDT
MEXC ICP_USDT
KuCoin ICPUSDTM
Bitget ICPUSDT
BingX ICP-USDT
edgeX ICPUSDC
GRVT ICP_USDT_Perp
SunX ICP-USDT
HTX ICP-USDT
Phemex ICPUSDT
Extended ICP-USD
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX
Hyperliquid ICP