Funding you earn now, next payment 06:00 UTC−0.0153%/8h= −16.7% APRnext payment −$0.19 per $10,000 · paid last 24h +0.016%
Price spread now: GMX against Kraken Futures−0.226%7-day average — · you buy dearer than you sell
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 against this trade now: funding costs −$5 a day on $10k at the current rate, and GMX is 0.226% cheaper against Kraken Futures than usual: you would sell low and buy high (−$23 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_FETUSD | 0.2023 | 0.0454 | pay 0.0057% / 1h | 1m 36s | $1.0M | $2.2M | 50x |
| Short | GMX FET/USD [ETH-USDC] | 0.2018 | L +0.0201% / S −0.0301% | get 0.0038% / 1h | 1m 36s | $13K | — | 100x |
Kraken Futures PF_FETUSD
GMX FET/USD [ETH-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
- −$32.08
- Price spread: −0.226% → 0.000%
- −$22.59
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$76.67
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 2 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, 2 min ago | 12.09 bp | 22.4 bp −$22 | 64.2 bp −$642 | 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.
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 | −0.1726% | 1h | 0.2021 | −0.083% | $41K | $312K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.1152% | 1h | 0.2023 | +0.016% | $152K | $265K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0004% | 1h | 0.2019 | −0.188% | $20K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −0.626% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2019 | −0.194% | $191K | $817K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2020 | −0.132% | $30.8M | $114.9M | 75x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2018 | −0.231% | $2.7M | $12.9M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2020 | −0.132% | $30.1M | $25.3M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2022 | −0.033% | $10.5M | $18.4M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2025 | +0.122% | $287K | $491K | — | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Aster FETUSDT
Binance FETUSDT
Gate FET_USDT
MEXC FET_USDT
KuCoin FETUSDTM
Variational Omni FETShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2019 | −0.181% | $38K | $7K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2020 | −0.118% | $33K | $202K | 10x | as long as short |
| BingX FET-USDT | +0.0194% | 8h | 0.2021 | −0.083% | — | $6.0M | — | as long as short |
| GMX FET/USD [ETH-USDC]short | L +0.0201% / S −0.0301% | 1h | 0.2018 | −0.226% | $13K | — | 100x | |
| Bitget FETUSDT | +0.0205% | 8h | 0.2022 | −0.033% | $16.4M | $11.9M | 75x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2023 | +0.016% | $1.7M | $3.2M | 100x | as long as short |
| Kraken Futures PF_FETUSDlong | +0.0454% | 1h | 0.2023 | long leg | $1.0M | $2.2M | 50x | |
| OKX FET-USDT-SWAP | +0.0463% | 4h | 0.2021 | −0.083% | $1.0M | $8.3M | 20x | as long as short |
| Phoenix FET | +0.0649% | 1h | 0.2026 | +0.140% | $35K | $37K | 5x | as long as short |
| Hyperliquid FET | +0.0794% | 1h | 0.2022 | −0.028% | $8.6M | $8.4M | 5x | as long as short |
Orderly PERP_FET_USDC
Extended FET-USD
BingX FET-USDT
Bitget FETUSDT
BloFin FET-USDT
OKX FET-USDT-SWAP
Phoenix FET
Hyperliquid FET