Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0131%/8h= +14.3% APRpaid last 24h +0.018%

Price spread now: GMX against Bitget+0.086%7-day average +0.055% · you sell dearer than you buy

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

Long on Bitget Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.081%+$8 on $10k

Price spread, last 3 days (all we have)+0.281%+$28 · spread now +0.086%, 7d avg +0.055%

Together, before fees+0.361%+$36 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and GMX is 0.032% dearer against Bitget than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.055%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ARBUSDT	0.2264	0.0055	pay 0.0055% / 8h	10m 04s	$21.3M	$36.0M	50x
Short	GMX ARB/USD [ARB-USDC]	0.2266	L +0.0297% / S −0.0186%	get 0.0023% / 1h	10m 04s	$926K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Bitget. 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 BitgetbpFee GMXbpOrdersPrice spread, now +0.086%Rate

Funding earned: $27.48
Price spread: +0.086% → +0.055%: $3.16
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: $6.64
Costs to cover: 0.240%
Break-even: 5.3 days

Slippage unknown: Bitget: live order book, 4 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 Bitget live order book, 4 min ago	2.20 bp	12.3 bp −$12	19.4 bp −$194	87.4 bp −$8,738	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	−0.1785%	1h	0.2258	−0.265%	$41K	$372K	12x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0279%	1h	0.2265	+0.053%	$25K	$34K	25x	as long as short
Polymarket Perps ARB-USD	−0.0246%	1h	0.2266	+0.110%	$68K	$2.0M	10x	as long as short
01 Exchange ARBUSD	−0.0200%	1h	0.2265	+0.049%	$7K	$2K	10x	as long as short
Variational Omni ARB	−0.0192%	8h	0.2264	−0.021%	$2.0M	$2.8M	—	as long as short
Bybit ARBUSDT	−0.0175%	8h	0.2263	−0.053%	$58.3M	$128.2M	50x	as long as short
SoDEX ARB-USD	−0.0175%	1h	0.2264	−0.009%	$4K	$2.6M	5x	as long as short
OKX ARB-USDT-SWAP	−0.0113%	8h	0.2264	−0.018%	$22.8M	$159.3M	50x	as long as short
MEXC ARB_USDT	−0.0110%	8h	0.2264	−0.004%	$38.5M	$60.1M	200x	as long as short
Orderly PERP_ARB_USDC	−0.0041%	8h	0.2264	0.000%	$13K	$394K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ARB_USDT	−0.0013%	8h	0.2265	+0.044%	$5.4M	$20.3M	60x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2269	+0.206%	$67K	$4K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2266	+0.106%	$56K	—	150x	as long as short
Binance ARBUSDT	+0.0007%	8h	0.2263	−0.027%	$66.6M	$313.6M	75x	as long as short
Extended ARB-USD	+0.0008%	1h	0.2263	−0.025%	$361K	$2.3M	25x	as long as short
BloFin ARB-USDT	+0.0028%	8h	0.2266	+0.084%	$3.2M	$2.8M	75x	as long as short
Bitget ARBUSDTlong	+0.0055%	8h	0.2264	long leg	$21.3M	$36.0M	50x
BingX ARB-USDC	+0.0059%	8h	0.2263	−0.044%	—	$6.5M	—	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2266	+0.067%	$148K	$12K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2266	+0.097%	$1.4M	$7.5M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2267	+0.141%	$41.0M	$47.8M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2266	+0.088%	$707K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2269	+0.202%	$47K	$184K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2265	+0.057%	$19.7M	$16.1M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2268	+0.196%	$40K	$460K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2269	+0.221%	$487K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2268	+0.177%	$122K	$295K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2269	+0.221%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2264	+0.009%	$291K	$1.1M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2266	+0.088%	$5.2M	$13.0M	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0216%	1h	0.2268	+0.177%	$512K	$2.3M	50x	as long as short
Kraken Futures PF_ARBUSD	+0.0236%	1h	0.2266	+0.108%	$1.1M	$4.9M	50x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2263	−0.047%	$2K	$695	20x	as long as short
GMX ARB/USD [ARB-USDC]short	L +0.0297% / S −0.0186%	1h	0.2266	+0.086%	$926K	—	150x
RISEx ARB/USDC	+0.0330%	1h	0.2269	+0.223%	$516K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0467%	1h	0.2268	+0.159%	$1.0M	$2.8M	20x	as long as short