Funding you earn now, next payment 22:00 UTC−0.1231%/8h= −134.8% APRpaid last 24h −0.286%
Price spread now: Kraken Futures against Gate−0.214%51s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 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 −$37 a day on $10k at the current rate, and Kraken Futures is 0.214% cheaper against Gate than usual: you would sell low and buy high (−$21 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 51 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 | Gate GMT_USDT | 0.008340 | 0.0100 | pay 0.0100% / 8h | 2h 03m | $149K | $103K | 50x |
| Short | Kraken Futures PF_GMTUSD | 0.008322 | −0.1131 | pay 0.0141% / 1h | 3m 23s | $47K | $8K | 20x |
Gate GMT_USDT
Kraken Futures PF_GMTUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Gate. 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
- −$258.45
- Price spread: −0.214% → 0.000%
- −$21.42
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$304.88
- Costs to cover
- 0.250%
- Break-even
- never at this rate
Slippage unknown: Gate: live order book, 12 min ago; Kraken Futures: 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 Gate live order book, 12 min ago | 11.99 bp | 34.3 bp −$34 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures no order-book sample | — | — | — | — | — |
Kraken Futures: 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.
GMT on 12 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_GMTUSDshort | −0.1131% | 1h | 0.008322 | −0.214% | $47K | $8K | 20x | |
| KuCoin GMTUSDTM | +0.0014% | 4h | 0.008300 | −0.480% | $257K | $99K | 50x | as long as short |
| Hyperliquid GMT | +0.0100% | 1h | 0.008316 | −0.288% | $122K | $123K | 3x | as long as short |
| Aster GMTUSDT | +0.0100% | 4h | 0.008312 | −0.337% | $8K | $14K | 10x | as long as short |
| Binance GMTUSDT | +0.0100% | 4h | 0.008314 | −0.312% | $2.6M | $3.0M | 50x | as long as short |
| Bybit GMTUSDT | +0.0100% | 8h | 0.008305 | −0.420% | $1.1M | $1.1M | 50x | as long as short |
| OKX GMT-USDT-SWAP | +0.0100% | 4h | 0.008312 | −0.336% | $342K | $552K | 20x | as long as short |
| Gate GMT_USDTlong | +0.0100% | 8h | 0.008340 | long leg | $149K | $103K | 50x | |
| MEXC GMT_USDT | +0.0100% | 4h | 0.008313 | −0.324% | $411K | $186K | 20x | as long as short |
| Bitget GMTUSDT | +0.0100% | 4h | 0.008320 | −0.240% | $669K | $403K | 50x | as long as short |
KuCoin GMTUSDTM
Hyperliquid GMT
Aster GMTUSDT
Binance GMTUSDT
Bybit GMTUSDT
OKX GMT-USDT-SWAP
MEXC GMT_USDT
Bitget GMTUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX GMT-USDT | +0.0100% | 4h | 0.008307 | −0.396% | — | $1.2M | — | as long as short |
| Variational Omni GMT | +0.0100% | 8h | 0.008321 | −0.232% | $3K | $5K | — | as long as short |
BingX GMT-USDT
Variational Omni GMT