Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0051%/8h= −5.6% APRpaid last 24h +0.007%

Price spread now: GMX against BloFin−0.046%51s7-day average +0.025% · you buy dearer than you sell

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

Long on BloFin Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.037%+$4 on $10k

Price spread, last 4 days (all we have)−0.095%−$9 · spread now −0.046%, 7d avg +0.025%

Together, before fees−0.058%−$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and GMX is 0.071% cheaper against BloFin than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.025%). Swap the legs. The two prices were read 51 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	BloFin ARB-USDT	0.2212	0.0209	pay 0.0209% / 8h	1h 35m	$3.0M	$2.3M	75x
Short	GMX ARB/USD [ARB-USDC]	0.2210	L +0.0276% / S −0.0158%	get 0.0020% / 1h	35m 36s	$834K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against BloFin. 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 BloFinbpFee GMXbpOrdersPrice spread, now −0.046%Rate

Funding earned: −$10.67
Price spread: −0.046% → +0.025%: −$7.09
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: −$41.76
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 3 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 BloFin live order book, 3 min ago	0.68 bp	9.6 bp −$10	18.4 bp −$184	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	−0.1592%	1h	0.2202	−0.430%	$40K	$372K	12x	as long as short
Polymarket Perps ARB-USD	−0.0226%	1h	0.2208	−0.158%	$67K	$2.1M	10x	as long as short
SoDEX ARB-USD	−0.0119%	1h	0.2210	−0.081%	$9K	$2.2M	5x	as long as short
01 Exchange ARBUSD	−0.0088%	1h	0.2210	−0.077%	$7K	$236	10x	as long as short
OKX ARB-USDT-SWAP	−0.0082%	8h	0.2209	−0.113%	$22.2M	$146.4M	50x	as long as short
MEXC ARB_USDT	−0.0082%	8h	0.2210	−0.068%	$42.2M	$61.7M	200x	as long as short
Variational Omni ARB	−0.0062%	8h	0.2209	−0.101%	$1.8M	$3.0M	—	as long as short
Orderly PERP_ARB_USDC	−0.0044%	8h	0.2209	−0.113%	$13K	$407K	10x	as long as short
Bybit ARBUSDT	−0.0018%	8h	0.2210	−0.090%	$54.3M	$126.6M	50x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2211	−0.034%	$65K	$5K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2211	−0.027%	$28K	$38K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0009%	1h	0.2211	−0.015%	$44K	—	150x	as long as short
Gate ARB_USDT	+0.0048%	8h	0.2209	−0.109%	$5.4M	$18.3M	60x	as long as short
RISEx ARB/USDC	+0.0056%	1h	0.2210	−0.059%	$461K	$2.6M	10x	as long as short
Bitget ARBUSDT	+0.0058%	8h	0.2210	−0.068%	$21.2M	$34.8M	50x	as long as short
Binance ARBUSDT	+0.0085%	8h	0.2210	−0.045%	$63.2M	$301.9M	75x	as long as short
Extended ARB-USD	+0.0088%	1h	0.2209	−0.116%	$354K	$2.8M	25x	as long as short
BingX ARB-USDC	+0.0094%	8h	0.2209	−0.095%	—	$6.5M	—	as long as short
Lighter ARB	+0.0096%	1h	0.2210	−0.077%	$1.2M	$5.5M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2212	+0.041%	$37.4M	$49.3M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2213	+0.065%	$635K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2210	−0.051%	$43K	$149K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2210	−0.072%	$19.6M	$14.3M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2212	+0.003%	$39K	$463K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2215	+0.158%	$481K	$3.7M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2214	+0.113%	$119K	$282K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2211	−0.023%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2211	−0.023%	$295K	$872K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2210	−0.068%	$5.0M	$12.8M	50x	as long as short
Aevo ARB-PERP	+0.0104%	1h	0.2211	−0.028%	$140K	$7K	3x	as long as short
BloFin ARB-USDTlong	+0.0209%	8h	0.2212	long leg	$3.0M	$2.3M	75x
Kraken Futures PF_ARBUSD	+0.0230%	1h	0.2211	−0.026%	$1.1M	$4.5M	50x	as long as short
GMX ARB/USD [ARB-USDC]short	L +0.0276% / S −0.0158%	1h	0.2210	−0.046%	$834K	—	150x
Coinbase International ARB-PERP-INTX	+0.0288%	1h	0.2221	+0.421%	$520K	$1.6M	50x	as long as short
Reya ARBRUSDPERP	+0.0289%	1h	0.2208	−0.158%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0635%	1h	0.2213	+0.090%	$992K	$2.8M	20x	as long as short