FIL

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0183%/8h= +20.1% APRnext payment +$0.23 per $10,000 · paid last 24h +0.262%

Price spread now: GMX against Kraken Futures−0.063%7-day average −0.007% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on GMX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+1.310%+$131 on $10k

Price spread, last 4 days (all we have)−0.061%−$6 · spread now −0.063%, 7d avg −0.007%

Together, before fees+1.248%+$125 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.056% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.063% now, against its 7-day average of −0.007%). If the spread goes back, that is −$6 on $10k: about 24 hours of funding at the current rate (+$5 a day). At the pace of the last 4 days (+1.310% in total) that is about 4 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_FILUSD	1.0001	0.0097	pay 0.0012% / 1h	21m 14s	$1.4M	$2.1M	50x
Short	GMX FIL/USD [WBTC.b-USDC]	0.9995	L +0.0602% / S −0.0280%	get 0.0035% / 1h	21m 14s	$267K	—	100x

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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee GMXbpOrdersPrice spread, now −0.063%Rate

Funding earned: $38.5
Price spread: −0.063% → −0.007%: −$5.57
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $10.93
Costs to cover: 0.220%
Break-even: 5.0 days

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	4.52 bp	19.6 bp −$20	32.7 bp −$327	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.

FIL on 29 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
Coinbase International FIL-PERP-INTX	−0.0056%	1h	0.9994	−0.072%	$355K	$2.1M	50x	as long as short
gTrade (Gains Network) FIL/USD	L −0.0004% / S +0.0006%	1h	0.9983	−0.182%	$26K	—	150x	as long as short
dYdX FIL-USD	0.0000%	1h	0.9973	−0.282%	$58K	$887	10x	as long as short
Deribit FIL_USDC-PERPETUAL	0.0000%	1h	1.0000	−0.012%	$172K	$23K	25x	as long as short
Injective FIL/USDC PERP	+0.0033%	1h	0.9855	−1.462%	$2K	$240K	12x	as long as short
Lighter FIL	+0.0096%	1h	0.9992	−0.095%	$145K	$345K	5x	as long as short
KuCoin FILUSDTM	+0.0096%	8h	0.9995	−0.062%	$7.1M	$7.8M	50x	as long as short
Kraken Futures PF_FILUSDlong	+0.0097%	1h	1.0001	long leg	$1.4M	$2.1M	50x
Hyperliquid FIL	+0.0100%	1h	0.9987	−0.145%	$8.4M	$9.4M	5x	as long as short
Aster FILUSDT	+0.0100%	8h	0.9998	−0.027%	$510K	$552K	20x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance FILUSDT	+0.0100%	8h	0.9997	−0.038%	$56.9M	$182.3M	75x	as long as short
Bybit FILUSDT	+0.0100%	8h	0.9999	−0.022%	$15.4M	$20.2M	25x	as long as short
OKX FIL-USDT-SWAP	+0.0100%	8h	0.9998	−0.032%	$17.8M	$105.7M	50x	as long as short
Gate FIL_USDT	+0.0100%	8h	0.9988	−0.132%	$8.3M	$16.4M	50x	as long as short
MEXC FIL_USDC	+0.0100%	8h	0.9992	−0.092%	$231K	$99K	50x	as long as short
Bitget FILUSDT	+0.0100%	8h	0.9994	−0.072%	$11.4M	$19.3M	75x	as long as short
BingX FIL-USDC	+0.0100%	8h	0.9990	−0.112%	—	$6.5M	—	as long as short
Variational Omni FIL	+0.0100%	8h	0.9884	−1.176%	$440K	$279K	—	as long as short
edgeX FILUSDC	+0.0100%	4h	0.9949	−0.524%	$45K	$296K	10x	as long as short
GRVT FIL_USDT_Perp	+0.0100%	8h	0.9954	−0.473%	$294K	$1.5M	10x	as long as short
ApeX Omni FILUSDT	+0.0100%	1h	0.9950	−0.512%	$23K	$181K	50x	as long as short
Orderly PERP_FIL_USDC_mythos	+0.0100%	4h	1.0005	+0.034%	$4K	$798	10x	as long as short
SunX FIL-USDT	+0.0100%	8h	0.9990	−0.112%	$3K	$1.1M	20x	as long as short
SoDEX FIL-USD	+0.0100%	1h	0.9996	−0.052%	$485	$11K	5x	as long as short
HTX FIL-USDT	+0.0100%	8h	1.0003	+0.018%	$627K	$5.5M	75x	as long as short
Phemex FILUSDT	+0.0100%	8h	0.9990	−0.112%	$1.3M	$2.6M	50x	as long as short
Extended FIL-USD	+0.0104%	1h	0.9992	−0.096%	$700K	$4.2M	10x	as long as short
BloFin FIL-USDT	+0.0220%	8h	0.9980	−0.212%	$2.7M	$648K	75x	as long as short
GMX FIL/USD [WBTC.b-USDC]short	L +0.0602% / S −0.0280%	1h	0.9995	−0.063%	$267K	—	100x