Funding arb · Price arb /

AR

all AR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0651%/8h= −71.2% APRpaid last 24h −0.181%

Price spread now: GMX against Bitget+0.072%7-day average +0.095% · you sell dearer than you buy

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

Long on Bitget Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.634%−$63 on $10k

Price spread, last 3 days (all we have)+0.223%+$22 · spread now +0.072%, 7d avg +0.095%

Together, before fees−0.411%−$41 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and GMX is 0.024% cheaper against Bitget than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.095%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ARUSDT	4.5840	0.0100	pay 0.0100% / 8h	34m 44s	$3.9M	$5.6M	75x
Short	GMX AR/USD [WBTC.b-USDC]	4.5873	L −0.0140% / S +0.0551%	pay 0.0069% / 1h	34m 44s	$589K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Bitget. 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 BitgetbpFee GMXbpOrdersPrice spread, now +0.072%Rate

Funding earned: −$136.63
Price spread: +0.072% → +0.095%: −$2.36
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: −$162.98
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 3 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 Bitget live order book, 3 min ago	3.27 bp	21.6 bp −$22	44.1 bp −$441	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.

AR on 17 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_ARUSD	−0.1965%	1h	4.5799	−0.089%	$52K	$163K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]short	L −0.0140% / S +0.0551%	1h	4.5873	+0.072%	$589K	—	50x
OKX AR-USDT-SWAP	−0.0007%	8h	4.5830	−0.022%	$2.4M	$20.9M	20x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.5720	−0.262%	$3K	$339	5.5x	as long as short
MEXC AR_USDT	+0.0037%	8h	4.5820	−0.044%	$6.7M	$4.4M	100x	as long as short
Binance ARUSDT	+0.0038%	8h	4.5880	+0.087%	$9.1M	$55.6M	75x	as long as short
Extended AR-USD	+0.0040%	1h	4.5815	−0.054%	$37K	$237K	10x	as long as short
Hyperliquid AR	+0.0100%	1h	4.5918	+0.170%	$4.1M	$4.9M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.5811	−0.062%	$20K	$611K	10x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.5860	+0.044%	$4.6M	$8.9M	75x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate AR_USDT	+0.0100%	8h	4.5870	+0.065%	$2.6M	$2.3M	50x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.5830	−0.022%	$1.4M	$1.2M	50x	as long as short
Bitget ARUSDTlong	+0.0100%	8h	4.5840	long leg	$3.9M	$5.6M	75x
BingX AR-USDT	+0.0100%	8h	4.5820	−0.044%	—	$2.9M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.5810	−0.066%	$139K	$172K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.5880	+0.087%	$58K	$746K	50x	as long as short
BloFin AR-USDT	+0.0152%	8h	4.5800	−0.087%	$434K	$674K	20x	as long as short