Funding you earn now, next payment 05:00 UTC+0.3928%/8h= +430.1% APRnext payment +$4.91 per $10,000 · paid last 24h +0.328%
Price spread now: GMX against Kraken Futures+0.247%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 +$118 a day on $10k at the current rate, and GMX is 0.247% dearer against Kraken Futures than usual: you sell high and buy low: +$25 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 | Kraken Futures PF_ORDIUSD | 4.9298 | −0.0569 | get 0.0071% / 1h | 41m 22s | $72K | $43K | 25x |
| Short | GMX ORDI/USD [WBTC.b-USDC] | 4.9419 | L +0.0240% / S −0.3359% | get 0.0420% / 1h | 41m 22s | $8K | — | 100x |
Kraken Futures PF_ORDIUSD
GMX ORDI/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
- $824.83
- Price spread: +0.247% → 0.000%
- $24.66
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $827.48
- Costs to cover
- 0.220%
- Break-even
- from the start
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.
ORDI on 19 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_ORDIUSDlong | −0.0569% | 1h | 4.9298 | long leg | $72K | $43K | 25x | |
| Gate ORDI_USDT | −0.0364% | 4h | 4.9390 | +0.187% | $1.3M | $2.7M | 50x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.9372 | +0.150% | $34K | $577 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −7.602% | $776 | $20K | 5.5x | as long as short |
| BloFin ORDI-USDT | +0.0068% | 4h | 4.9650 | +0.714% | $607K | $311K | 75x | as long as short |
| Hyperliquid ORDI | +0.0100% | 1h | 4.9460 | +0.329% | $712K | $662K | 3x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.9433 | +0.274% | $11K | $423K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.9438 | +0.284% | $10.1M | $33.8M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.9400 | +0.207% | $4.2M | $4.6M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.9480 | +0.370% | $5.3M | $17.8M | 20x | as long as short |
Gate ORDI_USDT
dYdX ORDI-USD
Injective ORDI/USDC PERP
BloFin ORDI-USDT
Hyperliquid ORDI
Aster ORDIUSDT
Binance ORDIUSDT
Bybit ORDIUSDT
OKX ORDI-USDT-SWAPShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ORDI_USDT | +0.0100% | 4h | 4.9430 | +0.268% | $6.9M | $3.3M | 200x | as long as short |
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.9420 | +0.248% | $974K | $851K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.9390 | +0.187% | $2.9M | $3.5M | 50x | as long as short |
| BingX ORDI-USDT | +0.0100% | 4h | 4.9410 | +0.228% | — | $27.0M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.9611 | +0.636% | $24K | $42K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.9320 | +0.045% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.9370 | +0.146% | $83K | $410K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.9356 | +0.118% | $3K | $180K | 5x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC]short | L +0.0240% / S −0.3359% | 1h | 4.9419 | +0.247% | $8K | — | 100x |
MEXC ORDI_USDT
KuCoin ORDIUSDTM
Bitget ORDIUSDT
BingX ORDI-USDT
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD