AR

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0583%/8h= −63.9% APRnext payment −$0.73 per $10,000 · paid last 24h −0.200%

Price spread now: GMX against Injective−2.743%63s7-day average — · you buy dearer than you sell

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

Long on Injective Short on GMX

What this pair did over the last

the charts below follow

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

Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and GMX is 2.743% cheaper against Injective than usual: you would sell low and buy high (−$274 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 63 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	Injective AR/USDC PERP	4.4240	0.0033	pay 0.0004% / 1h	39m 55s	$2K	$5K	5.5x
Short	GMX AR/USD [WBTC.b-USDC]	4.3027	L −0.0140% / S +0.0550%	pay 0.0069% / 1h	39m 55s	$554K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Injective. 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 InjectivebpFee GMXbpOrdersPrice spread, now −2.743%Rate

Funding earned: −$122.53
Price spread: −2.743% → 0.000%: −$274.25
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee GMX: 6 bp × 2 orders: −$12
Net: −$408.8
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; 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 Injective no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Injective and 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	−0.1006%	1h	4.2892	−3.046%	$53K	$135K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]short	L −0.0140% / S +0.0550%	1h	4.3027	−2.743%	$554K	—	50x
Injective AR/USDC PERPlong	+0.0033%	1h	4.4240	long leg	$2K	$5K	5.5x
Hyperliquid AR	+0.0100%	1h	4.3114	−2.545%	$3.9M	$4.4M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.3006	−2.789%	$32K	$255K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.3010	−2.780%	$8.5M	$44.3M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.3029	−2.737%	$4.5M	$8.3M	75x	as long as short
OKX AR-USDT-SWAP	+0.0100%	8h	4.3040	−2.712%	$2.2M	$14.3M	20x	as long as short
Gate AR_USDT	+0.0100%	8h	4.2960	−2.893%	$2.0M	$3.1M	50x	as long as short
MEXC AR_USDT	+0.0100%	8h	4.3000	−2.803%	$6.1M	$3.7M	100x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ARUSDTM	+0.0100%	8h	4.3020	−2.758%	$1.1M	$1.2M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.3000	−2.803%	$3.7M	$4.9M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.3000	−2.803%	—	$2.7M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.3038	−2.717%	$247K	$513K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.3080	−2.622%	$20K	$706K	50x	as long as short
Extended AR-USD	+0.0104%	1h	4.3008	−2.784%	$36K	$244K	10x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.3060	−2.667%	$414K	$443K	20x	as long as short