ARB

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0178%/8h= −19.5% APRnext payment −$0.22 per $10,000 · paid last 24h −0.061%

Price spread now: GMX against Coinbase International−0.519%53s7-day average −0.136% · you buy dearer than you sell

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

Long on Coinbase International Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.156%−$16 on $10k

Price spread, last 4 days (all we have)+0.244%+$24 · spread now −0.519%, 7d avg −0.136%

Together, before fees+0.088%+$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and GMX is 0.383% cheaper against Coinbase International than usual: you would sell low and buy high (−$38 if the spread goes back to its 7-day average of −0.136%). Swap the legs. The two prices were read 53 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	Coinbase International ARB-PERP-INTX	0.2200	0.0336	pay 0.0042% / 1h	45m 18s	$526K	$1.5M	50x
Short	GMX ARB/USD [ARB-USDC]	0.2189	L +0.0276% / S −0.0158%	get 0.0020% / 1h	45m 18s	$826K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Coinbase InternationalbpFee GMXbpOrdersPrice spread, now −0.519%Rate

Funding earned: −$37.33
Price spread: −0.519% → −0.136%: −$38.32
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$97.65
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Coinbase International: 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 Coinbase International live order book, 3 min ago	4.33 bp	19.0 bp −$19	55.7 bp −$557	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	−0.1612%	1h	0.2184	−0.745%	$39K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0128%	1h	0.2189	−0.504%	$7K	$236	10x	as long as short
OKX ARB-USDT-SWAP	−0.0085%	8h	0.2188	−0.559%	$22.0M	$144.5M	50x	as long as short
MEXC ARB_USDT	−0.0085%	8h	0.2189	−0.532%	$42.3M	$61.7M	200x	as long as short
Orderly PERP_ARB_USDC	−0.0040%	8h	0.2188	−0.564%	$13K	$406K	10x	as long as short
Variational Omni ARB	−0.0018%	8h	0.2190	−0.494%	$1.8M	$3.0M	—	as long as short
dYdX ARB-USD	0.0000%	1h	0.2189	−0.538%	$65K	$5K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2189	−0.523%	$28K	$38K	25x	as long as short
Bybit ARBUSDT	+0.0001%	8h	0.2188	−0.559%	$53.6M	$126.1M	50x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0009%	1h	0.2189	−0.501%	$44K	—	150x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ARBUSDT	+0.0005%	8h	0.2189	−0.521%	$62.6M	$300.9M	75x	as long as short
Extended ARB-USD	+0.0008%	1h	0.2188	−0.550%	$349K	$3.1M	25x	as long as short
Gate ARB_USDT	+0.0022%	8h	0.2189	−0.536%	$5.4M	$18.3M	60x	as long as short
Polymarket Perps ARB-USD	+0.0028%	1h	0.2188	−0.559%	$67K	$2.1M	10x	as long as short
BloFin ARB-USDT	+0.0029%	8h	0.2189	−0.500%	$3.0M	$2.3M	75x	as long as short
SoDEX ARB-USD	+0.0043%	1h	0.2188	−0.545%	$9K	$2.2M	5x	as long as short
RISEx ARB/USDC	+0.0069%	1h	0.2190	−0.466%	$492K	$2.6M	10x	as long as short
Bitget ARBUSDT	+0.0079%	8h	0.2189	−0.518%	$21.1M	$34.6M	50x	as long as short
BingX ARB-USDT	+0.0079%	8h	0.2188	−0.541%	—	$33.2M	—	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2189	−0.524%	$139K	$7K	3x	as long as short
Kraken Futures PF_ARBUSD	+0.0093%	1h	0.2190	−0.470%	$1.1M	$4.4M	50x	as long as short
Lighter ARB	+0.0096%	1h	0.2188	−0.545%	$1.2M	$5.4M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2190	−0.459%	$37.0M	$49.4M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2189	−0.506%	$629K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2190	−0.486%	$42K	$147K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2189	−0.504%	$19.5M	$14.1M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2191	−0.431%	$39K	$465K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2191	−0.428%	$473K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2194	−0.291%	$118K	$279K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2191	−0.427%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2192	−0.400%	$292K	$833K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2188	−0.564%	$4.8M	$12.8M	50x	as long as short
GMX ARB/USD [ARB-USDC]short	L +0.0276% / S −0.0158%	1h	0.2189	−0.519%	$826K	—	150x
Reya ARBRUSDPERP	+0.0288%	1h	0.2187	−0.586%	$2K	$695	20x	as long as short
Coinbase International ARB-PERP-INTXlong	+0.0336%	1h	0.2200	long leg	$526K	$1.5M	50x
Backpack ARB_USDC_PERP	+0.0751%	1h	0.2191	−0.423%	$988K	$2.8M	20x	as long as short