Funding you earn now, next payment 07:00 UTC−0.0398%/8h= −43.6% APRnext payment −$0.50 per $10,000 · paid last 24h −0.021%
Price spread now: Kraken Futures against GMX+0.239%126s7-day average +0.030% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.025%−$3 on $10k
+Price spread, last 4 days (all we have)−0.090%−$9 · spread now +0.239%, 7d avg +0.030%
=The price spread pays, funding is against you. Kraken Futures is 0.209% dearer against GMX than usual: you sell high and buy low (spread +0.239% now, against its 7-day average of +0.030%): +$21 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 42 hours. At the pace of the last 3 days (−0.025% in total) that is about 28 days. The two prices were read 126 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.025% in total (about -2.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.50 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX UNI/USD [UNI-USDC] | 8.9186 | L +0.0381% / S −0.0243% | pay 0.0048% / 1h | 24m 48s | $634K | — | 120x |
| Short | Kraken Futures PF_UNIUSD | 8.9400 | −0.0017 | pay 0.0002% / 1h | 24m 48s | $4.7M | $8.7M | 50x |
GMX UNI/USD [UNI-USDC]
Kraken Futures PF_UNIUSDFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$83.52
- Price spread: +0.239% → +0.030%
- $20.9
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$84.63
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Kraken Futures: live order book, 4 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, 4 min ago | 2.81 bp | 13.2 bp −$13 | 15.9 bp −$159 | 39.2 bp −$3,917 | 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.
UNI on 40 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 | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps UNI-USD | −0.0150% | 1h | 8.9388 | +0.226% | $107K | $618K | 10x | as long as short |
| 01 Exchange UNIUSD | −0.0024% | 1h | 8.9395 | +0.234% | $446 | $5 | 10x | as long as short |
| Kraken Futures PF_UNIUSDshort | −0.0017% | 1h | 8.9400 | +0.239% | $4.7M | $8.7M | 50x | |
| Deribit UNI_USDC-PERPETUAL | 0.0000% | 1h | 8.9406 | +0.247% | $589K | $250K | 50x | as long as short |
| gTrade (Gains Network) UNI/USD | L +0.0004% / S −0.0007% | 1h | 8.9419 | +0.261% | $49K | — | 150x | as long as short |
| Injective UNI/USDC PERP | +0.0033% | 1h | 8.8300 | −0.994% | $660 | $153K | 12x | as long as short |
| Nado UNI-PERP | +0.0077% | 1h | 8.9425 | +0.268% | $741K | $4.7M | 10x | as long as short |
| Lighter UNI | +0.0096% | 1h | 8.9416 | +0.258% | $4.5M | $5.7M | 15x | as long as short |
| Paradex UNI-USD-PERP | +0.0100% | 8h | 8.9396 | +0.236% | $26K | — | 20x | as long as short |
| Aster UNIUSDT | +0.0100% | 8h | 8.9337 | +0.169% | $732K | $3.6M | 50x | as long as short |
Polymarket Perps UNI-USD
01 Exchange UNIUSD
Deribit UNI_USDC-PERPETUAL
gTrade (Gains Network) UNI/USD
Injective UNI/USDC PERP
Nado UNI-PERP
Lighter UNI
Paradex UNI-USD-PERP
Aster UNIUSDTShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica UNI | +0.0100% | 1h | 8.9450 | +0.296% | $286K | $590K | 10x | as long as short |
| Binance UNIUSDT | +0.0100% | 8h | 8.9300 | +0.128% | $215.6M | $658.8M | 75x | as long as short |
| Bybit UNIUSDT | +0.0100% | 8h | 8.9300 | +0.128% | $99.2M | $111.7M | 75x | as long as short |
| OKX UNI-USDT-SWAP | +0.0100% | 8h | 8.9310 | +0.139% | $54.2M | $266.6M | 50x | as long as short |
| Arcus UNI-USD | +0.0100% | 1h | 8.9490 | +0.341% | $319K | $696K | 10x | as long as short |
| Gate UNI_USDT | +0.0100% | 8h | 8.9330 | +0.161% | $25.1M | $66.6M | 75x | as long as short |
| MEXC UNI_USDT | +0.0100% | 8h | 8.9330 | +0.161% | $49.1M | $26.6M | 200x | as long as short |
| KuCoin UNIUSDTM | +0.0100% | 8h | 8.9310 | +0.139% | $13.1M | $13.4M | 75x | as long as short |
| Bitget UNIUSDT | +0.0100% | 8h | 8.9290 | +0.116% | $32.7M | $45.4M | 75x | as long as short |
| BingX UNI-USDC | +0.0100% | 8h | 8.9290 | +0.116% | — | $6.5M | — | as long as short |
| Backpack UNI_USDC_PERP | +0.0100% | 1h | 8.9358 | +0.193% | $1.1M | $2.5M | 10x | as long as short |
| Variational Omni UNI | +0.0100% | 8h | 8.9369 | +0.205% | $4.1M | $4.3M | — | as long as short |
| edgeX UNIUSDC | +0.0100% | 4h | 8.9114 | −0.081% | $169K | $345K | 20x | as long as short |
| GRVT UNI_USDT_Perp | +0.0100% | 8h | 8.9127 | −0.066% | $624K | $2.7M | 10x | as long as short |
| ApeX Omni UNIUSDT | +0.0100% | 1h | 8.9190 | +0.004% | $90K | $710K | 50x | as long as short |
| StandX UNI-USD | +0.0100% | 1h | 8.9240 | +0.060% | $15K | $3.5M | 20x | as long as short |
| Orderly PERP_UNI_USDC | +0.0100% | 8h | 8.9320 | +0.150% | $16K | $1.9M | 10x | as long as short |
| SunX UNI-USDT | +0.0100% | 8h | 8.9472 | +0.320% | $36K | $1.4M | 30x | as long as short |
| SoDEX UNI-USD | +0.0100% | 1h | 8.9345 | +0.178% | $32K | $886K | 10x | as long as short |
| HTX UNI-USDT | +0.0100% | 8h | 8.9456 | +0.302% | $700K | $4.8M | 75x | as long as short |
| Phemex UNIUSDT | +0.0100% | 8h | 8.9340 | +0.172% | $27.0M | $4.5M | 50x | as long as short |
| Extended UNI-USD | +0.0104% | 1h | 8.9259 | +0.081% | $293K | $1.7M | 25x | as long as short |
| Aevo UNI-PERP | +0.0104% | 1h | 8.9370 | +0.206% | $32K | — | 3x | as long as short |
| Coinbase International UNI-PERP-INTX | +0.0192% | 1h | 8.9520 | +0.374% | $932K | $5.5M | 50x | as long as short |
| Hyperliquid UNI | +0.0195% | 1h | 8.9423 | +0.265% | $95.0M | $67.5M | 10x | as long as short |
| dYdX UNI-USD | +0.0219% | 1h | 8.9355 | +0.189% | $235K | $31K | 10x | as long as short |
| BloFin UNI-USDT | +0.0220% | 8h | 8.9330 | +0.161% | $10.0M | $3.6M | 75x | as long as short |
| Reya UNIRUSDPERP | +0.0379% | 1h | 8.9378 | +0.215% | $16K | — | 20x | as long as short |
| GMX UNI/USD [UNI-USDC]long | L +0.0381% / S −0.0243% | 1h | 8.9186 | long leg | $634K | — | 120x | |
| Aftermath Perps UNIUSD | +0.0465% | 1h | 8.9294 | +0.121% | $983 | $53K | 10x | as long as short |
Pacifica UNI
Binance UNIUSDT
Bybit UNIUSDT
OKX UNI-USDT-SWAP
Arcus UNI-USD
Gate UNI_USDT
MEXC UNI_USDT
KuCoin UNIUSDTM
Bitget UNIUSDT
BingX UNI-USDC
Backpack UNI_USDC_PERP
Variational Omni UNI
edgeX UNIUSDC
GRVT UNI_USDT_Perp
ApeX Omni UNIUSDT
StandX UNI-USD
Orderly PERP_UNI_USDC
SunX UNI-USDT
SoDEX UNI-USD
HTX UNI-USDT
Phemex UNIUSDT
Extended UNI-USD
Aevo UNI-PERP
Coinbase International UNI-PERP-INTX
Hyperliquid UNI
dYdX UNI-USD
BloFin UNI-USDT
Reya UNIRUSDPERP
Aftermath Perps UNIUSD