MEW

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0965%/8h= +105.7% APRnext payment +$1.21 per $10,000 · paid last 24h +0.047%

Price spread now: Kraken Futures against GMX+0.356%7-day average — · you sell dearer than you buy

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

Long on GMX Short on Kraken Futures

What this pair did over the last

the charts below follow

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 for this trade now. Funding pays +$29 a day on $10k at the current rate, and Kraken Futures is 0.356% dearer against GMX than usual: you sell high and buy low: +$36 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX MEW/USD [WBTC.b-USDC]	0.0004620	L 0.0000% / S 0.0000%	get 0.0000% / 1h	36m 05s	—	—	100x
Short	Kraken Futures PF_MEWUSD	0.0004636	0.0965	get 0.0121% / 1h	36m 05s	$90K	$114K	10x

Funding 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 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 GMXbpFee Kraken FuturesbpOrdersPrice spread, now +0.356%Rate

Funding earned: $202.64
Price spread: +0.356% → 0.000%: $35.63
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $216.27
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; Kraken Futures: live order book, 21 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, 21 min ago	11.87 bp	61.8 bp −$62	doesn't fit	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.

MEW 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
GMX MEW/USD [WBTC.b-USDC]long	L 0.0000% / S 0.0000%	1h	0.0004620	long leg	—	—	100x
Injective MEW/USDC PERP	+0.0033%	1h	0.0004219	−8.680%	$46	$14K	5.5x	as long as short
Binance MEWUSDT	+0.0100%	4h	0.0004631	+0.238%	$1.2M	$2.9M	50x	as long as short
Bybit MEWUSDT	+0.0100%	4h	0.0004626	+0.130%	$1.4M	$1.2M	25x	as long as short
OKX MEW-USDT-SWAP	+0.0100%	4h	0.0004623	+0.065%	$520K	$770K	20x	as long as short
Gate MEW_USDT	+0.0100%	4h	0.0004620	0.000%	$135K	$121K	50x	as long as short
MEXC MEW_USDT	+0.0100%	4h	0.0004627	+0.152%	$382K	$174K	125x	as long as short
KuCoin MEWUSDTM	+0.0100%	4h	0.0004628	+0.173%	$335K	$119K	30x	as long as short
Bitget MEWUSDT	+0.0100%	4h	0.0004626	+0.130%	$493K	$366K	50x	as long as short
BingX MEW-USDT	+0.0100%	4h	0.0004629	+0.195%	—	$24.2M	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MEW	+0.0100%	4h	0.0004622	+0.047%	$81K	$32K	—	as long as short
Kraken Futures PF_MEWUSDshort	+0.0965%	1h	0.0004636	+0.356%	$90K	$114K	10x