Funding you earn now, next payment 22:00 UTC+0.0068%/8h= +7.5% APRnext payment +$0.09 per $10,000 · paid last 24h +0.027%
Price spread now: GMX against ApeX Omni+0.742%68s7-day average +0.014% · 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)+0.076%+$8 on $10k
+Price spread, last 3 days (all we have)−0.058%−$6 · spread now +0.742%, 7d avg +0.014%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and GMX is 0.728% dearer against ApeX Omni than usual: you sell high and buy low: +$73 more if the spread goes back to its 7-day average of +0.014%. The two prices were read 68 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 | ApeX Omni ARBUSDT | 0.2235 | 0.0100 | pay 0.0013% / 1h | 31m 38s | $121K | $297K | 50x |
| Short | GMX ARB/USD [ARB-USDC] | 0.2252 | L +0.0276% / S −0.0168% | get 0.0021% / 1h | 31m 38s | $825K | — | 150x |
ApeX Omni ARBUSDT
GMX ARB/USD [ARB-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against ApeX 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
- $14.3
- Price spread: +0.742% → +0.014%
- $72.79
- Slippage, 4 orders
- no order book: not counted
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $65.1
- Costs to cover
- 0.220%
- Break-even
- from the start
Slippage unknown: ApeX Omni: live order book, 55 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 ApeX Omni live order book, 55 min ago | 6.64 bp | 14.6 bp −$15 | 111.8 bp −$1,118 | 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 | −0.1675% | 1h | 0.2223 | −0.537% | $40K | $197K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0296% | 1h | 0.2253 | +0.787% | $7K | $2K | 10x | as long as short |
| Bybit ARBUSDT | −0.0193% | 8h | 0.2249 | +0.635% | $56.7M | $136.5M | 50x | as long as short |
| Variational Omni ARB | −0.0178% | 8h | 0.2229 | −0.247% | $1.9M | $2.8M | — | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0150% | 1h | 0.2251 | +0.694% | $38K | $20K | 25x | as long as short |
| OKX ARB-USDT-SWAP | −0.0079% | 8h | 0.2248 | +0.591% | $22.4M | $166.3M | 50x | as long as short |
| MEXC ARB_USDT | −0.0079% | 8h | 0.2248 | +0.604% | $37.9M | $63.5M | 200x | as long as short |
| SoDEX ARB-USD | −0.0058% | 1h | 0.2250 | +0.653% | $4K | $2.9M | 5x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0053% | 1h | 0.2251 | +0.722% | $1.1M | $5.3M | 50x | as long as short |
| Orderly PERP_ARB_USDC | −0.0012% | 8h | 0.2249 | +0.626% | $10K | $387K | 10x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
Bybit ARBUSDT
Variational Omni ARB
Deribit ARB_USDC-PERPETUAL
OKX ARB-USDT-SWAP
MEXC ARB_USDT
SoDEX ARB-USD
Kraken Futures PF_ARBUSD
Orderly PERP_ARB_USDCShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2249 | +0.630% | $66K | $4K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2252 | +0.754% | $57K | — | 150x | as long as short |
| Polymarket Perps ARB-USD | +0.0006% | 1h | 0.2251 | +0.725% | $78K | $2.3M | 10x | as long as short |
| Extended ARB-USD | +0.0008% | 1h | 0.2247 | +0.531% | $358K | $2.4M | 25x | as long as short |
| Gate ARB_USDT | +0.0011% | 8h | 0.2249 | +0.631% | $5.5M | $21.6M | 60x | as long as short |
| Binance ARBUSDT | +0.0012% | 8h | 0.2249 | +0.619% | $63.9M | $326.2M | 75x | as long as short |
| BloFin ARB-USDT | +0.0042% | 8h | 0.2241 | +0.251% | $3.0M | $3.3M | 75x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2251 | +0.711% | $147K | $12K | 3x | as long as short |
| BingX ARB-USDC | +0.0084% | 8h | 0.2247 | +0.550% | — | $6.5M | — | as long as short |
| Bitget ARBUSDT | +0.0085% | 8h | 0.2248 | +0.582% | $21.1M | $38.6M | 50x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2250 | +0.662% | $1.3M | $7.7M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2251 | +0.729% | $40.3M | $53.1M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2249 | +0.623% | $700K | $1.8M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2250 | +0.676% | $46K | $205K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2250 | +0.689% | $20.8M | $17.1M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2236 | +0.046% | $36K | $452K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2237 | +0.086% | $483K | $4.1M | 10x | as long as short |
| ApeX Omni ARBUSDTlong | +0.0100% | 1h | 0.2235 | long leg | $121K | $297K | 50x | |
| SunX ARB-USDT | +0.0100% | 8h | 0.2251 | +0.716% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2249 | +0.617% | $276K | $1.2M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2250 | +0.671% | $5.3M | $13.8M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC]short | L +0.0276% / S −0.0168% | 1h | 0.2252 | +0.742% | $825K | — | 150x | |
| Coinbase International ARB-PERP-INTX | +0.0288% | 1h | 0.2252 | +0.779% | $502K | $2.5M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0291% | 1h | 0.2250 | +0.667% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDC | +0.0546% | 1h | 0.2251 | +0.723% | $495K | $2.9M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0579% | 1h | 0.2253 | +0.792% | $1.1M | $2.7M | 20x | as long as short |
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Polymarket Perps ARB-USD
Extended ARB-USD
Gate ARB_USDT
Binance ARBUSDT
BloFin ARB-USDT
Aevo ARB-PERP
BingX ARB-USDC
Bitget ARBUSDT
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
RISEx ARB/USDC
Backpack ARB_USDC_PERP