Funding you earn now, next payment 23:00 UTC+0.0360%/8h= +39.5% APRpaid last 24h +0.046%
Price spread now: BloFin against GMX−0.091%51s7-day average −0.062% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.302%+$30 on $10k
+Price spread, last 3 days (all we have)−0.010%−$1 · spread now −0.091%, 7d avg −0.062%
=Funding pays, the price is against you. BloFin is 0.029% cheaper against GMX than usual: you would sell low and buy high (spread −0.091% now, against its 7-day average of −0.062%). If the spread goes back, that is −$3 on $10k: about 7 hours of funding at the current rate (+$11 a day). 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 | GMX AR/USD [WBTC.b-USDC] | 4.4781 | L −0.0140% / S +0.0551% | get 0.0018% / 1h | 37m 55s | $575K | — | 50x |
| Short | BloFin AR-USDT | 4.4740 | 0.0220 | get 0.0220% / 8h | 1h 37m | $418K | $668K | 20x |
GMX AR/USD [WBTC.b-USDC]
BloFin AR-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $75.69
- Price spread: −0.091% → −0.062%
- −$2.93
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $48.76
- Costs to cover
- 0.240%
- Break-even
- 2.5 days
Slippage unknown: GMX: no order-book sample; BloFin: live order book, 44 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 BloFin live order book, 44 min ago | 2.23 bp | 14.2 bp −$14 | 36.8 bp −$368 | 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.
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 | −0.1934% | 1h | 4.4744 | −0.083% | $46K | $154K | 20x | as long as short |
| GMX AR/USD [WBTC.b-USDC]long | L −0.0140% / S +0.0551% | 1h | 4.4781 | long leg | $575K | — | 50x | |
| Injective AR/USDC PERP | +0.0033% | 1h | 4.5720 | +2.098% | $3K | $339 | 5.5x | as long as short |
| OKX AR-USDT-SWAP | +0.0086% | 8h | 4.4700 | −0.180% | $2.2M | $20.4M | 20x | as long as short |
| Hyperliquid AR | +0.0100% | 1h | 4.4799 | +0.041% | $3.8M | $4.8M | 5x | as long as short |
| Aster ARUSDT | +0.0100% | 8h | 4.4704 | −0.171% | $20K | $618K | 10x | as long as short |
| Binance ARUSDT | +0.0100% | 8h | 4.4700 | −0.180% | $8.7M | $55.5M | 75x | as long as short |
| Bybit ARUSDT | +0.0100% | 8h | 4.4720 | −0.136% | $4.6M | $8.9M | 75x | as long as short |
| Gate AR_USDT | +0.0100% | 8h | 4.4720 | −0.136% | $2.5M | $2.3M | 50x | as long as short |
| MEXC AR_USDT | +0.0100% | 8h | 4.4720 | −0.136% | $6.7M | $4.5M | 100x | as long as short |
Kraken Futures PF_ARUSD
Injective AR/USDC PERP
OKX AR-USDT-SWAP
Hyperliquid AR
Aster ARUSDT
Binance ARUSDT
Bybit ARUSDT
Gate AR_USDT
MEXC AR_USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ARUSDTM | +0.0100% | 8h | 4.4780 | −0.002% | $1.4M | $1.1M | 50x | as long as short |
| Bitget ARUSDT | +0.0100% | 8h | 4.4710 | −0.158% | $3.8M | $5.6M | 75x | as long as short |
| BingX AR-USDT | +0.0100% | 8h | 4.4720 | −0.136% | — | $2.9M | — | as long as short |
| Variational Omni AR | +0.0100% | 8h | 4.4770 | −0.024% | $136K | $174K | — | as long as short |
| ApeX Omni ARUSDT | +0.0100% | 1h | 4.4820 | +0.088% | $57K | $746K | 50x | as long as short |
| Extended AR-USD | +0.0104% | 1h | 4.4715 | −0.147% | $36K | $237K | 10x | as long as short |
| BloFin AR-USDTshort | +0.0220% | 8h | 4.4740 | −0.091% | $418K | $668K | 20x |
KuCoin ARUSDTM
Bitget ARUSDT
BingX AR-USDT
Variational Omni AR
ApeX Omni ARUSDT
Extended AR-USD