Funding you earn now, next payment 06:00 UTC−0.0319%/8h= −34.9% APRnext payment −$0.40 per $10,000 · paid last 24h +0.023%
Price spread now: Kraken Futures against GMX+0.054%54s7-day average +0.012% · 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)−0.316%−$32 on $10k
+Price spread, last 4 days (all we have)−0.137%−$14 · spread now +0.054%, 7d avg +0.012%
=The price spread pays, funding is against you. Kraken Futures is 0.042% dearer against GMX than usual: you sell high and buy low (spread +0.054% now, against its 7-day average of +0.012%): +$4 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 10 hours. 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 BRENTOIL/USD [ETH-USDC] | 97.635 | L +0.0328% / S −0.2771% | pay 0.0041% / 1h | 10m 27s | $116K | — | 111x |
| Short | Kraken Futures PF_BRENTOILUSD | 97.687 | 0.0009 | get 0.0001% / 1h | 10m 27s | $82K | $208K | 20x |
GMX BRENTOIL/USD [ETH-USDC]
Kraken Futures PF_BRENTOILUSDFunding 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
- −$66.97
- Price spread: +0.054% → +0.012%
- $4.16
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$84.81
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Kraken Futures: live order book, 37 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, 37 min ago | 5.43 bp | 22.3 bp −$22 | 38.0 bp −$380 | 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.
BZ on 31 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective BRENT/USDC PERP | −0.0220% | 1h | 96.939 | −0.713% | $8K | $7K | 30x | as long as short |
| Coinbase International BRENTOIL-PERP-INTX | −0.0096% | 1h | 97.530 | −0.108% | $235K | $430K | 15x | as long as short |
| BloFin BZ-USDT | −0.0041% | 4h | 97.680 | +0.046% | $1.5M | $95K | 50x | as long as short |
| Hotstuff BRENTOIL-PERP | −0.0024% | 1h | 97.720 | +0.087% | $34K | — | 20x | as long as short |
| Aster BZUSDT | 0.0000% | 4h | 97.666 | +0.032% | $340K | $930K | 50x | as long as short |
| Binance BZUSDT | 0.0000% | 4h | 97.650 | +0.016% | $147.7M | $359.3M | 100x | as long as short |
| Bybit BZUSDT | 0.0000% | 8h | 97.630 | −0.005% | $10.3M | $12.6M | 100x | as long as short |
| OKX BZ-USDT-SWAP | 0.0000% | 4h | 97.640 | +0.005% | $16.1M | $20.6M | 50x | as long as short |
| RISEx BZ/USDC | 0.0000% | 1h | 97.661 | +0.027% | $2.4M | $1.7M | 20x | as long as short |
| Gate BZ_USDT | 0.0000% | 8h | 97.620 | −0.015% | $9.3M | $11.7M | 100x | as long as short |
Injective BRENT/USDC PERP
Coinbase International BRENTOIL-PERP-INTX
BloFin BZ-USDT
Hotstuff BRENTOIL-PERP
Aster BZUSDT
Binance BZUSDT
Bybit BZUSDT
OKX BZ-USDT-SWAP
RISEx BZ/USDC
Gate BZ_USDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget BZUSDT | 0.0000% | 4h | 97.690 | +0.056% | $27.7M | $17.2M | 100x | as long as short |
| Variational Omni BZ | 0.0000% | 4h | 97.668 | +0.034% | $9.4M | $7.0M | — | as long as short |
| GRVT BZ_USDT_Perp | 0.0000% | 4h | 97.656 | +0.021% | $34K | $307K | 25x | as long as short |
| SunX BRENTOIL-USDT | 0.0000% | 4h | 97.700 | +0.067% | $4K | $2.4M | 20x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUAL | 0.0000% | 1h | 97.690 | +0.056% | $100K | $250K | 15x | as long as short |
| HTX BRENTOIL-USDT | 0.0000% | 4h | 97.660 | +0.026% | $280K | $254K | 75x | as long as short |
| Phemex XBRUSDT | 0.0000% | 4h | 97.640 | +0.005% | $1.2M | $80K | 100x | as long as short |
| edgeX BZUSDC | +0.0004% | 4h | 97.667 | +0.032% | $225K | $227K | 20x | as long as short |
| Kraken Futures PF_BRENTOILUSDshort | +0.0009% | 1h | 97.687 | +0.054% | $82K | $208K | 20x | |
| gTrade (Gains Network) BRENT/USD | L +0.0011% / S −0.0011% | 1h | 98.171 | +0.549% | — | — | — | as long as short |
| Vest BZ-PERP | +0.0015% | 1h | 101.73 | +4.194% | — | $735K | 10x | as long as short |
| Lighter BRENTOIL | +0.0032% | 1h | 97.710 | +0.077% | $3.3M | $4.7M | 20x | as long as short |
| Extended XBR-USD | +0.0032% | 1h | 97.697 | +0.064% | $680K | $3.6M | 10x | as long as short |
| Paradex BZ-USD-PERP | +0.0050% | 8h | 97.702 | +0.069% | $3K | $336 | 5x | as long as short |
| tradeXYZ xyz:BRENTOIL | +0.0050% | 1h | 97.655 | +0.020% | $154.4M | $124.2M | 20x | as long as short |
| Polymarket Perps BRENTOIL-USD | +0.0050% | 1h | 97.710 | +0.077% | $1.6M | $463K | 20x | as long as short |
| Ondo Perps BRENT-USD.P | +0.0050% | 1h | 97.640 | +0.005% | $3.1M | $999K | 15x | as long as short |
| Aftermath Perps BRENTUSD | +0.0073% | 1h | 97.679 | +0.045% | $7K | $42K | 5x | as long as short |
| KuCoin BZUSDTM | +0.0100% | 4h | 97.720 | +0.087% | $3.8M | $832K | 50x | as long as short |
| ApeX Omni BZUSDT | +0.0100% | 1h | 97.710 | +0.077% | $26K | $274K | 50x | as long as short |
| GMX BRENTOIL/USD [ETH-USDC]long | L +0.0328% / S −0.2771% | 1h | 97.635 | long leg | $116K | — | 111x |
Bitget BZUSDT
Variational Omni BZ
GRVT BZ_USDT_Perp
SunX BRENTOIL-USDT
Deribit BRENTOIL_USDC-PERPETUAL
HTX BRENTOIL-USDT
Phemex XBRUSDT
edgeX BZUSDC
gTrade (Gains Network) BRENT/USD
Vest BZ-PERP
Lighter BRENTOIL
Extended XBR-USD
Paradex BZ-USD-PERP
tradeXYZ xyz:BRENTOIL
Polymarket Perps BRENTOIL-USD
Ondo Perps BRENT-USD.P
Aftermath Perps BRENTUSD
KuCoin BZUSDTM
ApeX Omni BZUSDT