Funding you earn now, next payment 04:00 UTC+0.0071%/8h= +7.7% APRnext payment +$0.09 per $10,000 · paid last 24h +0.020%
Price spread now: GMX against Aevo+0.004%7-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)+0.075%+$7 on $10k
+Price spread, last 4 days (all we have)−0.742%−$74 · spread now +0.004%, 7d avg −0.030%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and GMX is 0.034% dearer against Aevo than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.030%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aevo ARB-PERP | 0.2205 | 0.0088 | pay 0.0011% / 1h | 28m 10s | $140K | $7K | 3x |
| Short | GMX ARB/USD [ARB-USDC] | 0.2205 | L +0.0276% / S −0.0159% | get 0.0020% / 1h | 28m 10s | $831K | — | 150x |
Aevo ARB-PERP
GMX ARB/USD [ARB-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Aevo. 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
- $14.81
- Price spread: +0.004% → −0.030%
- $3.41
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$9.78
- Costs to cover
- 0.280%
- Break-even
- 11.6 days
Slippage unknown: Aevo: live order book, 26 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 Aevo live order book, 26 min ago | 31.70 bp | 56.8 bp −$57 | doesn't fit | 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.
ARB on 36 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective ARB/USDC PERP | −0.1649% | 1h | 0.2206 | +0.045% | $40K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0168% | 1h | 0.2203 | −0.073% | $7K | $2K | 10x | as long as short |
| OKX ARB-USDT-SWAP | −0.0133% | 8h | 0.2203 | −0.100% | $22.2M | $148.7M | 50x | as long as short |
| MEXC ARB_USDT | −0.0131% | 8h | 0.2204 | −0.059% | $42.0M | $60.7M | 200x | as long as short |
| Polymarket Perps ARB-USD | −0.0130% | 1h | 0.2204 | −0.045% | $91K | $2.2M | 10x | as long as short |
| Variational Omni ARB | −0.0107% | 8h | 0.2202 | −0.124% | $1.8M | $2.9M | — | as long as short |
| Orderly PERP_ARB_USDC | −0.0074% | 8h | 0.2204 | −0.045% | $12K | $395K | 10x | as long as short |
| Gate ARB_USDT | −0.0070% | 8h | 0.2205 | −0.009% | $5.3M | $18.8M | 60x | as long as short |
| Bybit ARBUSDT | −0.0028% | 8h | 0.2204 | −0.054% | $55.6M | $126.9M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0006% | 1h | 0.2205 | −0.009% | $1.1M | $4.4M | 50x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Polymarket Perps ARB-USD
Variational Omni ARB
Orderly PERP_ARB_USDC
Gate ARB_USDT
Bybit ARBUSDT
Kraken Futures PF_ARBUSDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2205 | −0.019% | $65K | $5K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2204 | −0.032% | $24K | $34K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0006% | 1h | 0.2205 | +0.021% | $32K | — | 150x | as long as short |
| Extended ARB-USD | +0.0016% | 1h | 0.2203 | −0.112% | $352K | $2.5M | 25x | as long as short |
| Binance ARBUSDT | +0.0017% | 8h | 0.2204 | −0.027% | $64.1M | $307.8M | 75x | as long as short |
| BloFin ARB-USDT | +0.0059% | 8h | 0.2211 | +0.268% | $3.1M | $2.6M | 75x | as long as short |
| BingX ARB-USDC | +0.0064% | 8h | 0.2208 | +0.118% | — | $6.5M | — | as long as short |
| Bitget ARBUSDT | +0.0066% | 8h | 0.2203 | −0.091% | $20.9M | $34.9M | 50x | as long as short |
| SoDEX ARB-USD | +0.0072% | 1h | 0.2204 | −0.041% | $10K | $2.3M | 5x | as long as short |
| Aevo ARB-PERPlong | +0.0088% | 1h | 0.2205 | long leg | $140K | $7K | 3x | |
| Lighter ARB | +0.0096% | 1h | 0.2204 | −0.041% | $1.2M | $5.7M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2206 | +0.032% | $37.9M | $48.9M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2207 | +0.077% | $635K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2205 | −0.015% | $42K | $169K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2205 | +0.023% | $19.5M | $15.0M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2203 | −0.102% | $40K | $463K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2204 | −0.045% | $477K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2195 | −0.454% | $118K | $284K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2207 | +0.091% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2205 | −0.023% | $299K | $952K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2203 | −0.091% | $4.9M | $13.0M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0224% | 1h | 0.2213 | +0.363% | $494K | $2.0M | 50x | as long as short |
| RISEx ARB/USDC | +0.0225% | 1h | 0.2205 | −0.012% | $462K | $2.6M | 10x | as long as short |
| GMX ARB/USD [ARB-USDC]short | L +0.0276% / S −0.0159% | 1h | 0.2205 | +0.004% | $831K | — | 150x | |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2205 | 0.000% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0635% | 1h | 0.2207 | +0.104% | $994K | $2.8M | 20x | as long as short |
dYdX ARB-USD
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Extended ARB-USD
Binance ARBUSDT
BloFin ARB-USDT
BingX ARB-USDC
Bitget ARBUSDT
SoDEX ARB-USD
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
Coinbase International ARB-PERP-INTX
RISEx ARB/USDC
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP