Funding you earn now, next payment 09:00 UTC+0.0456%/8h= +49.9% APRnext payment +$0.57 per $10,000 · paid last 24h +0.186%
Price spread now: GMX against Kraken Futures+0.271%66s7-day average −0.059% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.442%−$44 on $10k
+Price spread, last 4 days (all we have)+1.897%+$190 · spread now +0.271%, 7d avg −0.059%
=Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and GMX is 0.330% dearer against Kraken Futures than usual: you sell high and buy low: +$33 more if the spread goes back to its 7-day average of −0.059%. Mind the row above: over the last 4 days funding on this pair cost −0.442%, so the current rate has only just turned in your favour. The two prices were read 66 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_ARUSD | 4.2910 | −0.1006 | get 0.0126% / 1h | 41m 01s | $53K | $135K | 20x |
| Short | GMX AR/USD [WBTC.b-USDC] | 4.3027 | L −0.0140% / S +0.0550% | pay 0.0069% / 1h | 41m 01s | $554K | — | 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
- $95.7
- Price spread: +0.271% → −0.059%
- $33.01
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $106.71
- Costs to cover
- 0.220%
- Break-even
- from the start
Slippage unknown: Kraken Futures: live order book, 56 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, 56 min ago | 38.76 bp | 43.8 bp −$44 | 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 | −0.1006% | 1h | 4.2910 | long leg | $53K | $135K | 20x | |
| GMX AR/USD [WBTC.b-USDC]short | L −0.0140% / S +0.0550% | 1h | 4.3027 | +0.271% | $554K | — | 50x | |
| Injective AR/USDC PERP | +0.0033% | 1h | 4.4240 | +3.099% | $2K | $5K | 5.5x | as long as short |
| Hyperliquid AR | +0.0100% | 1h | 4.3115 | +0.477% | $3.9M | $4.5M | 5x | as long as short |
| Aster ARUSDT | +0.0100% | 8h | 4.3031 | +0.282% | $32K | $255K | 10x | as long as short |
| Binance ARUSDT | +0.0100% | 8h | 4.3040 | +0.302% | $8.5M | $44.4M | 75x | as long as short |
| Bybit ARUSDT | +0.0100% | 8h | 4.3055 | +0.337% | $4.5M | $8.3M | 75x | as long as short |
| OKX AR-USDT-SWAP | +0.0100% | 8h | 4.3000 | +0.209% | $2.3M | $14.3M | 20x | as long as short |
| Gate AR_USDT | +0.0100% | 8h | 4.3000 | +0.209% | $2.0M | $3.1M | 50x | as long as short |
| MEXC AR_USDT | +0.0100% | 8h | 4.3050 | +0.326% | $6.1M | $3.7M | 100x | as long as short |
Injective AR/USDC PERP
Hyperliquid AR
Aster ARUSDT
Binance ARUSDT
Bybit ARUSDT
OKX AR-USDT-SWAP
Gate AR_USDT
MEXC AR_USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ARUSDTM | +0.0100% | 8h | 4.3040 | +0.302% | $1.1M | $1.2M | 50x | as long as short |
| Bitget ARUSDT | +0.0100% | 8h | 4.3010 | +0.232% | $3.7M | $4.9M | 75x | as long as short |
| BingX AR-USDT | +0.0100% | 8h | 4.3040 | +0.302% | — | $2.7M | — | as long as short |
| Variational Omni AR | +0.0100% | 8h | 4.3143 | +0.542% | $247K | $513K | — | as long as short |
| ApeX Omni ARUSDT | +0.0100% | 1h | 4.3080 | +0.395% | $20K | $706K | 50x | as long as short |
| Extended AR-USD | +0.0104% | 1h | 4.3027 | +0.273% | $36K | $244K | 10x | as long as short |
| BloFin AR-USDT | +0.0220% | 8h | 4.3060 | +0.349% | $414K | $443K | 20x | as long as short |
KuCoin ARUSDTM
Bitget ARUSDT
BingX AR-USDT
Variational Omni AR
ApeX Omni ARUSDT
Extended AR-USD
BloFin AR-USDT