Funding you earn now, next payment 00:00 UTC−0.0676%/8h= −74.1% APRnext payment −$0.85 per $10,000 · paid last 24h +0.096%
Price spread now: Kraken Futures against GMX+0.144%7-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
The price spread pays, funding is against you. Kraken Futures is 0.144% dearer against GMX than usual: you sell high and buy low (spread +0.144% now, against zero (this spread has no 7-day history yet)): +$14 on $10k if it goes back. Holding the pair costs −$20 a day in funding at the current rate, which eats that in about 17 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX FET/USD [ETH-USDC] | 0.2049 | L +0.0201% / S −0.0278% | pay 0.0025% / 1h | 44m 58s | $14K | — | 100x |
| Short | Kraken Futures PF_FETUSD | 0.2052 | −0.0475 | pay 0.0059% / 1h | 44m 58s | $1.0M | $2.2M | 50x |
GMX FET/USD [ETH-USDC]
Kraken Futures PF_FETUSDFunding 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
- −$142.04
- Price spread: +0.144% → 0.000%
- $14.43
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$149.61
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Kraken Futures: live order book, 4 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, 4 min ago | 8.01 bp | 20.7 bp −$21 | 65.0 bp −$650 | 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.
FET on 20 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 FET_USDC-PERPETUAL | −0.3151% | 1h | 0.2051 | +0.080% | $28K | $200K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0728% | 1h | 0.2055 | +0.275% | $154K | $206K | 50x | as long as short |
| Kraken Futures PF_FETUSDshort | −0.0475% | 1h | 0.2052 | +0.144% | $1.0M | $2.2M | 50x | |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0012% | 1h | 0.2050 | +0.014% | $32K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −1.921% | $3K | $166K | 12x | as long as short |
| Gate FET_USDT | +0.0071% | 8h | 0.2050 | +0.031% | $2.8M | $12.0M | 50x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2053 | +0.191% | $343K | $540K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2051 | +0.080% | $32.1M | $108.3M | 75x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2049 | −0.018% | $34.6M | $24.9M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2052 | +0.129% | $10.6M | $19.1M | 50x | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Gate FET_USDT
Aster FETUSDT
Binance FETUSDT
MEXC FET_USDT
KuCoin FETUSDTMShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni FET | +0.0100% | 8h | 0.2056 | +0.336% | $301K | $339K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2049 | −0.018% | $38K | $5K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2051 | +0.061% | $34K | $190K | 10x | as long as short |
| GMX FET/USD [ETH-USDC]long | L +0.0201% / S −0.0278% | 1h | 0.2049 | long leg | $14K | — | 100x | |
| BloFin FET-USDT | +0.0220% | 8h | 0.2051 | +0.080% | $1.7M | $2.7M | 100x | as long as short |
| BingX FET-USDT | +0.0322% | 8h | 0.2052 | +0.129% | — | $5.6M | — | as long as short |
| Bitget FETUSDT | +0.0336% | 8h | 0.2052 | +0.129% | $16.6M | $11.4M | 75x | as long as short |
| OKX FET-USDT-SWAP | +0.0337% | 4h | 0.2053 | +0.178% | $992K | $7.9M | 20x | as long as short |
| Phoenix FET | +0.0508% | 1h | 0.2056 | +0.300% | $36K | $45K | 5x | as long as short |
| Hyperliquid FET | +0.0904% | 1h | 0.2054 | +0.217% | $9.1M | $7.9M | 5x | as long as short |
Variational Omni FET
Orderly PERP_FET_USDC
Extended FET-USD
BloFin FET-USDT
BingX FET-USDT
Bitget FETUSDT
OKX FET-USDT-SWAP
Phoenix FET
Hyperliquid FET