Funding you earn now, next payment 00:00 UTC−0.0651%/8h= −71.2% APRpaid last 24h −0.153%
Price spread now: GMX against Variational Omni+0.151%7-day average +0.183% · 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)−0.454%−$45 on $10k
+Price spread, last 3 days (all we have)+0.853%+$85 · spread now +0.151%, 7d avg +0.183%
=Together, before fees+0.399%+ Points / potential airdropVariational Omni: Active · farm board+$40 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 0.033% cheaper against Variational Omni than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.183%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni AR | 4.5810 | 0.0100 | pay 0.0100% / 8h | 33m 51s | $139K | $172K | — |
| Short | GMX AR/USD [WBTC.b-USDC] | 4.5879 | L −0.0140% / S +0.0551% | pay 0.0069% / 1h | 33m 51s | $590K | — | 50x |
Variational Omni AR
GMX AR/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Variational Omni. 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
- −$136.63
- Price spread: +0.151% → +0.183%
- −$3.26
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$151.89
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 45 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 Variational Omni RFQ quote, 45 min ago | 6.02 bp | doesn't fit | 150.0 bp −$1,500 | 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 | 4.5811 | +0.004% | $52K | $163K | 20x | as long as short |
| GMX AR/USD [WBTC.b-USDC]short | L −0.0140% / S +0.0551% | 1h | 4.5879 | +0.151% | $590K | — | 50x | |
| OKX AR-USDT-SWAP | −0.0012% | 8h | 4.5850 | +0.088% | $2.4M | $20.9M | 20x | as long as short |
| Injective AR/USDC PERP | +0.0033% | 1h | 4.5720 | −0.196% | $3K | $339 | 5.5x | as long as short |
| MEXC AR_USDT | +0.0037% | 8h | 4.5880 | +0.153% | $6.7M | $4.4M | 100x | as long as short |
| Binance ARUSDT | +0.0038% | 8h | 4.5875 | +0.142% | $9.1M | $55.6M | 75x | as long as short |
| Extended AR-USD | +0.0040% | 1h | 4.5871 | +0.134% | $37K | $237K | 10x | as long as short |
| Hyperliquid AR | +0.0100% | 1h | 4.5968 | +0.345% | $4.1M | $4.9M | 5x | as long as short |
| Aster ARUSDT | +0.0100% | 8h | 4.5848 | +0.084% | $20K | $611K | 10x | as long as short |
| Bybit ARUSDT | +0.0100% | 8h | 4.5856 | +0.101% | $4.6M | $8.9M | 75x | as long as short |
Kraken Futures PF_ARUSD
OKX AR-USDT-SWAP
Injective AR/USDC PERP
MEXC AR_USDT
Binance ARUSDT
Extended AR-USD
Hyperliquid AR
Aster ARUSDT
Bybit ARUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate AR_USDT | +0.0100% | 8h | 4.5890 | +0.175% | $2.6M | $2.3M | 50x | as long as short |
| KuCoin ARUSDTM | +0.0100% | 8h | 4.5870 | +0.132% | $1.4M | $1.2M | 50x | as long as short |
| Bitget ARUSDT | +0.0100% | 8h | 4.5860 | +0.110% | $3.9M | $5.6M | 75x | as long as short |
| BingX AR-USDT | +0.0100% | 8h | 4.5850 | +0.088% | — | $2.9M | — | as long as short |
| Variational Omni ARlong | +0.0100% | 8h | 4.5810 | long leg | $139K | $172K | — | |
| ApeX Omni ARUSDT | +0.0100% | 1h | 4.5880 | +0.153% | $58K | $746K | 50x | as long as short |
| BloFin AR-USDT | +0.0152% | 8h | 4.5800 | −0.021% | $434K | $674K | 20x | as long as short |
Gate AR_USDT
KuCoin ARUSDTM
Bitget ARUSDT
BingX AR-USDT
ApeX Omni ARUSDT
BloFin AR-USDT