ARB

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0314%/8h= +34.4% APRnext payment +$0.39 per $10,000 · paid last 24h +0.064%

Price spread now: GMX against Deribit−0.102%54s7-day average — · you buy dearer than you sell

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

Long on Deribit Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. GMX is 0.102% cheaper against Deribit than usual: you would sell low and buy high (spread −0.102% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 26 hours of funding at the current rate (+$9 a day). The two prices were read 54 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	Deribit ARB_USDC-PERPETUAL	0.2218	−0.0156	get 0.0020% / 1h	59m 25s	$28K	$38K	25x
Short	GMX ARB/USD [ARB-USDC]	0.2216	L +0.0276% / S −0.0158%	get 0.0020% / 1h	59m 25s	$836K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Deribit. 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 DeribitbpFee GMXbpOrdersPrice spread, now −0.102%Rate

Funding earned: $65.99
Price spread: −0.102% → 0.000%: −$10.23
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee GMX: 6 bp × 2 orders: −$12
Net: $36.76
Costs to cover: 0.190%
Break-even: 3.1 days

Slippage unknown: Deribit: no order-book sample; 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 Deribit no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Deribit and 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	0.2205	−0.586%	$40K	$372K	12x	as long as short
Polymarket Perps ARB-USD	−0.0226%	1h	0.2214	−0.198%	$68K	$2.1M	10x	as long as short
Deribit ARB_USDC-PERPETUALlong	−0.0156%	1h	0.2218	long leg	$28K	$38K	25x
Variational Omni ARB	−0.0083%	8h	0.2222	+0.196%	$1.8M	$3.0M	—	as long as short
Kraken Futures PF_ARBUSD	−0.0073%	1h	0.2219	+0.052%	$1.1M	$4.5M	50x	as long as short
01 Exchange ARBUSD	−0.0072%	1h	0.2215	−0.113%	$7K	$236	10x	as long as short
OKX ARB-USDT-SWAP	−0.0064%	8h	0.2214	−0.167%	$22.2M	$146.6M	50x	as long as short
MEXC ARB_USDT	−0.0063%	8h	0.2214	−0.198%	$41.3M	$61.2M	200x	as long as short
Orderly PERP_ARB_USDC	−0.0044%	8h	0.2215	−0.135%	$12K	$405K	10x	as long as short
Bybit ARBUSDT	−0.0042%	8h	0.2214	−0.167%	$54.5M	$126.3M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ARB-USD	0.0000%	1h	0.2217	−0.065%	$66K	$5K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0009%	1h	0.2216	−0.090%	$44K	—	150x	as long as short
RISEx ARB/USDC	+0.0056%	1h	0.2216	−0.102%	$482K	$2.6M	10x	as long as short
Bitget ARBUSDT	+0.0056%	8h	0.2213	−0.225%	$21.2M	$34.8M	50x	as long as short
Gate ARB_USDT	+0.0070%	8h	0.2214	−0.167%	$5.5M	$18.3M	60x	as long as short
Lighter ARB	+0.0096%	1h	0.2215	−0.122%	$1.3M	$5.5M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2216	−0.081%	$37.5M	$49.4M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2216	−0.076%	$636K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2215	−0.131%	$43K	$150K	10x	as long as short
Binance ARBUSDT	+0.0100%	8h	0.2214	−0.162%	$63.2M	$301.7M	75x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2215	−0.117%	$19.7M	$14.4M	75x	as long as short
BingX ARB-USDC	+0.0100%	8h	0.2217	−0.045%	—	$6.5M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2225	+0.305%	$39K	$465K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2226	+0.361%	$475K	$3.7M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2225	+0.316%	$120K	$281K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2220	+0.090%	$2K	$1.1M	30x	as long as short
SoDEX ARB-USD	+0.0100%	1h	0.2217	−0.036%	$9K	$2.2M	5x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2222	+0.185%	$297K	$883K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2220	+0.090%	$5.0M	$12.8M	50x	as long as short
Extended ARB-USD	+0.0104%	1h	0.2215	−0.146%	$352K	$2.8M	25x	as long as short
Aevo ARB-PERP	+0.0104%	1h	0.2216	−0.108%	$141K	$7K	3x	as long as short
BloFin ARB-USDT	+0.0220%	8h	0.2223	+0.207%	$3.0M	$2.4M	75x	as long as short
GMX ARB/USD [ARB-USDC]short	L +0.0276% / S −0.0158%	1h	0.2216	−0.102%	$836K	—	150x
Coinbase International ARB-PERP-INTX	+0.0288%	1h	0.2221	+0.135%	$514K	$1.6M	50x	as long as short
Reya ARBRUSDPERP	+0.0289%	1h	0.2213	−0.222%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0730%	1h	0.2218	+0.018%	$995K	$2.8M	20x	as long as short