Funding you earn now, next payment 22:00 UTC−0.0082%/8h= −8.9% APRpaid last 24h +0.021%
Price spread now: GMX against Aster+0.136%7-day average +0.016% · 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)+0.070%+$7 on $10k
+Price spread, last 3 days (all we have)+0.358%+$36 · spread now +0.136%, 7d avg +0.016%
=Together, before fees+0.428%+ Points / potential airdropAster: Stage 5 · farm board+$43 on $10k · with fees, hour by hour
The price spread pays, funding is against you. GMX is 0.120% dearer against Aster than usual: you sell high and buy low (spread +0.136% now, against its 7-day average of +0.016%): +$12 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.9 days. Mind the row above: over the last 3 days funding on this pair paid +0.070%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster ARBUSDT | 0.2231 | 0.0100 | pay 0.0100% / 8h | 2h 15m | $694K | $1.8M | 20x |
| Short | GMX ARB/USD [ARB-USDC] | 0.2234 | L +0.0154% / S −0.0018% | get 0.0002% / 1h | 15m 46s | $847K | — | 150x |
Aster ARBUSDT
GMX ARB/USD [ARB-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Aster. 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
- −$17.13
- Price spread: +0.136% → +0.016%
- $12
- Slippage, 4 orders
- no order book: not counted
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$25.13
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Aster: live order book, 2 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 Aster live order book, 2 min ago | 2.68 bp | 12.0 bp −$12 | 51.3 bp −$513 | 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 | 0.2231 | −0.019% | $40K | $197K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0272% | 1h | 0.2234 | +0.097% | $7K | $2K | 10x | as long as short |
| Variational Omni ARB | −0.0161% | 8h | 0.2240 | +0.390% | $1.9M | $2.8M | — | as long as short |
| Bybit ARBUSDT | −0.0157% | 8h | 0.2229 | −0.091% | $56.1M | $135.9M | 50x | as long as short |
| SoDEX ARB-USD | −0.0113% | 1h | 0.2232 | +0.039% | $4K | $2.9M | 5x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0108% | 1h | 0.2234 | +0.106% | $38K | $20K | 25x | as long as short |
| OKX ARB-USDT-SWAP | −0.0103% | 8h | 0.2229 | −0.123% | $22.2M | $164.2M | 50x | as long as short |
| MEXC ARB_USDT | −0.0103% | 8h | 0.2228 | −0.131% | $37.1M | $63.8M | 200x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0053% | 1h | 0.2234 | +0.134% | $1.1M | $5.2M | 50x | as long as short |
| Polymarket Perps ARB-USD | −0.0039% | 1h | 0.2234 | +0.106% | $77K | $2.2M | 10x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
Variational Omni ARB
Bybit ARBUSDT
SoDEX ARB-USD
Deribit ARB_USDC-PERPETUAL
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Kraken Futures PF_ARBUSD
Polymarket Perps ARB-USDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ARB_USDC | −0.0018% | 8h | 0.2233 | +0.070% | $11K | $388K | 10x | as long as short |
| Binance ARBUSDT | −0.0010% | 8h | 0.2230 | −0.082% | $63.4M | $324.6M | 75x | as long as short |
| Extended ARB-USD | −0.0008% | 1h | 0.2228 | −0.141% | $355K | $2.4M | 25x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2236 | +0.185% | $66K | $4K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2235 | +0.148% | $56K | — | 150x | as long as short |
| Gate ARB_USDT | +0.0007% | 8h | 0.2230 | −0.087% | $5.5M | $21.6M | 60x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2234 | +0.126% | $146K | $12K | 3x | as long as short |
| Bitget ARBUSDT | +0.0088% | 8h | 0.2230 | −0.064% | $20.9M | $38.3M | 50x | as long as short |
| BingX ARB-USDC | +0.0088% | 8h | 0.2231 | −0.037% | — | $6.5M | — | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2231 | −0.006% | $1.3M | $7.7M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2232 | +0.007% | $39.8M | $52.9M | 10x | as long as short |
| Aster ARBUSDTlong | +0.0100% | 8h | 0.2231 | long leg | $694K | $1.8M | 20x | |
| Pacifica ARB | +0.0100% | 1h | 0.2235 | +0.178% | $47K | $199K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2230 | −0.046% | $20.5M | $17.0M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2244 | +0.555% | $40K | $456K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2244 | +0.552% | $483K | $4.1M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2242 | +0.474% | $121K | $297K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2234 | +0.115% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2234 | +0.097% | $275K | $1.2M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2235 | +0.160% | $5.2M | $13.7M | 50x | as long as short |
| BloFin ARB-USDT | +0.0110% | 8h | 0.2239 | +0.339% | $3.0M | $3.3M | 75x | as long as short |
| GMX ARB/USD [ARB-USDC]short | L +0.0154% / S −0.0018% | 1h | 0.2234 | +0.136% | $847K | — | 150x | |
| Coinbase International ARB-PERP-INTX | +0.0288% | 1h | 0.2249 | +0.787% | $504K | $2.5M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0291% | 1h | 0.2233 | +0.090% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDC | +0.0546% | 1h | 0.2236 | +0.220% | $496K | $2.8M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0567% | 1h | 0.2236 | +0.209% | $1.1M | $2.7M | 20x | as long as short |
Orderly PERP_ARB_USDC
Binance ARBUSDT
Extended ARB-USD
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Gate ARB_USDT
Aevo ARB-PERP
Bitget ARBUSDT
BingX ARB-USDC
Lighter ARB
Hyperliquid ARB
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
BloFin ARB-USDT
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
RISEx ARB/USDC
Backpack ARB_USDC_PERP