Funding you earn now, next payment 06:00 UTC−0.0871%/8h= −95.3% APRpaid last 24h −0.295%
Price spread now: Kraken Futures against OKX+0.208%7-day average — · 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)—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 0.208% dearer against OKX than usual: you sell high and buy low (spread +0.208% now, against zero (this spread has no 7-day history yet)): +$21 on $10k if it goes back. Holding the pair costs −$26 a day in funding at the current rate, which eats that in about 19 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX GMT-USDT-SWAP | 0.008580 | −0.0289 | get 0.0144% / 4h | 2h 06m | $395K | $1.2M | 20x |
| Short | Kraken Futures PF_GMTUSD | 0.008598 | −0.1160 | pay 0.0145% / 1h | 6m 47s | $44K | $13K | 20x |
OKX GMT-USDT-SWAP
Kraken Futures PF_GMTUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against OKX. 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
- −$182.86
- Price spread: +0.208% → 0.000%
- $20.85
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$182.01
- Costs to cover
- 0.200%
- Break-even
- from the start
Slippage unknown: OKX: live order book, 5 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 OKX live order book, 5 min ago | 5.29 bp | 39.6 bp −$40 | 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 | −0.1160% | 1h | 0.008598 | +0.208% | $44K | $13K | 20x | |
| Bybit GMTUSDT | −0.0402% | 8h | 0.008592 | +0.140% | $1.1M | $2.1M | 50x | as long as short |
| Variational Omni GMT | −0.0330% | 8h | 0.008518 | −0.728% | $4K | $5K | — | as long as short |
| OKX GMT-USDT-SWAPlong | −0.0289% | 4h | 0.008580 | long leg | $395K | $1.2M | 20x | |
| KuCoin GMTUSDTM | −0.0236% | 4h | 0.008580 | 0.000% | $247K | $185K | 50x | as long as short |
| BingX GMT-USDT | +0.0076% | 4h | 0.008595 | +0.175% | — | $1.3M | — | as long as short |
| Bitget GMTUSDT | +0.0088% | 4h | 0.008587 | +0.082% | $684K | $637K | 50x | as long as short |
| Hyperliquid GMT | +0.0100% | 1h | 0.008587 | +0.082% | $114K | $153K | 3x | as long as short |
| Aster GMTUSDT | +0.0100% | 4h | 0.008598 | +0.210% | $7K | $23K | 10x | as long as short |
| Binance GMTUSDT | +0.0100% | 4h | 0.008590 | +0.111% | $2.9M | $5.4M | 50x | as long as short |
Bybit GMTUSDT
Variational Omni GMT
KuCoin GMTUSDTM
BingX GMT-USDT
Bitget GMTUSDT
Hyperliquid GMT
Aster GMTUSDT
Binance GMTUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate GMT_USDT | +0.0100% | 8h | 0.008600 | +0.233% | $149K | $179K | 50x | as long as short |
| MEXC GMT_USDT | +0.0100% | 4h | 0.008590 | +0.117% | $425K | $214K | 20x | as long as short |
Gate GMT_USDT
MEXC GMT_USDT