Funding you earn now, next payment 06:00 UTC+0.0058%/8h= +6.4% APRpaid last 24h +0.015%
Price spread now: GMX against edgeX−0.021%70s7-day average +0.021% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.074%+$7 on $10k
+Price spread, last 4 days (all we have)+0.139%+$14 · spread now −0.021%, 7d avg +0.021%
=Together, before fees+0.213%+ Points / potential airdropedgeX: Active · farm board+$21 on $10k · with fees, hour by hour
Funding pays, the price is against you. GMX is 0.042% cheaper against edgeX than usual: you would sell low and buy high (spread −0.021% now, against its 7-day average of +0.021%). If the spread goes back, that is −$4 on $10k: about 2.4 days of funding at the current rate (+$2 a day). The two prices were read 70 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 | edgeX ARBUSDC | 0.2181 | 0.0100 | pay 0.0050% / 4h | 2h 38m | $39K | $461K | 20x |
| Short | GMX ARB/USD [ARB-USDC] | 0.2180 | L +0.0276% / S −0.0158% | get 0.0020% / 1h | 38m 27s | $823K | — | 150x |
edgeX ARBUSDC
GMX ARB/USD [ARB-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against edgeX. 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
- $12.23
- Price spread: −0.021% → +0.021%
- −$4.24
- Slippage, 4 orders
- no order book: not counted
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$13.01
- Costs to cover
- 0.210%
- Break-even
- 14.4 days
Slippage unknown: edgeX: live order book, 10 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 edgeX live order book, 10 min ago | 13.74 bp | 21.2 bp −$21 | 137.6 bp −$1,376 | 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 | −0.1581% | 1h | 0.2159 | −0.992% | $39K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0184% | 1h | 0.2177 | −0.158% | $7K | $236 | 10x | as long as short |
| Polymarket Perps ARB-USD | −0.0136% | 1h | 0.2180 | −0.015% | $78K | $2.1M | 10x | as long as short |
| Variational Omni ARB | −0.0099% | 8h | 0.2171 | −0.456% | $1.7M | $3.0M | — | as long as short |
| MEXC ARB_USDT | −0.0090% | 8h | 0.2180 | −0.011% | $42.1M | $61.1M | 200x | as long as short |
| OKX ARB-USDT-SWAP | −0.0088% | 8h | 0.2181 | +0.007% | $21.6M | $142.3M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0075% | 1h | 0.2177 | −0.185% | $1.0M | $4.4M | 50x | as long as short |
| Bybit ARBUSDT | −0.0072% | 8h | 0.2180 | −0.052% | $54.1M | $123.8M | 50x | as long as short |
| Orderly PERP_ARB_USDC | −0.0056% | 8h | 0.2175 | −0.259% | $12K | $408K | 10x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2179 | −0.091% | $64K | $5K | 10x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
Polymarket Perps ARB-USD
Variational Omni ARB
MEXC ARB_USDT
OKX ARB-USDT-SWAP
Kraken Futures PF_ARBUSD
Bybit ARBUSDT
Orderly PERP_ARB_USDC
dYdX ARB-USDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2177 | −0.176% | $23K | $33K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0009% | 1h | 0.2181 | −0.002% | $44K | — | 150x | as long as short |
| Bitget ARBUSDT | +0.0050% | 8h | 0.2181 | +0.017% | $20.9M | $34.2M | 50x | as long as short |
| Gate ARB_USDT | +0.0051% | 8h | 0.2178 | −0.121% | $5.4M | $18.1M | 60x | as long as short |
| Extended ARB-USD | +0.0072% | 1h | 0.2176 | −0.200% | $347K | $2.8M | 25x | as long as short |
| BingX ARB-USDT | +0.0072% | 8h | 0.2180 | −0.025% | — | $53.7M | — | as long as short |
| Binance ARBUSDT | +0.0072% | 8h | 0.2180 | −0.012% | $62.5M | $300.0M | 75x | as long as short |
| RISEx ARB/USDC | +0.0086% | 1h | 0.2177 | −0.154% | $438K | $2.6M | 10x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2177 | −0.153% | $1.2M | $5.5M | 15x | as long as short |
| Aevo ARB-PERP | +0.0096% | 1h | 0.2176 | −0.200% | $138K | $7K | 3x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2180 | −0.015% | $36.6M | $48.6M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2179 | −0.078% | $628K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2178 | −0.126% | $42K | $160K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2178 | −0.112% | $19.4M | $14.4M | 75x | as long as short |
| edgeX ARBUSDClong | +0.0100% | 4h | 0.2181 | long leg | $39K | $461K | 20x | |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2172 | −0.413% | $462K | $3.5M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2173 | −0.350% | $117K | $282K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2178 | −0.121% | $2K | $1.1M | 30x | as long as short |
| SoDEX ARB-USD | +0.0100% | 1h | 0.2176 | −0.217% | $10K | $2.2M | 5x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2176 | −0.213% | $290K | $894K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2175 | −0.259% | $4.9M | $12.6M | 50x | as long as short |
| BloFin ARB-USDT | +0.0192% | 8h | 0.2176 | −0.194% | $3.0M | $2.4M | 75x | as long as short |
| GMX ARB/USD [ARB-USDC]short | L +0.0276% / S −0.0158% | 1h | 0.2180 | −0.021% | $823K | — | 150x | |
| Coinbase International ARB-PERP-INTX | +0.0288% | 1h | 0.2174 | −0.304% | $499K | $1.6M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2181 | +0.012% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0652% | 1h | 0.2180 | −0.052% | $977K | $2.8M | 20x | as long as short |
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Bitget ARBUSDT
Gate ARB_USDT
Extended ARB-USD
BingX ARB-USDT
Binance ARBUSDT
RISEx ARB/USDC
Lighter ARB
Aevo ARB-PERP
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
SoDEX ARB-USD
HTX ARB-USDT
Phemex ARBUSDT
BloFin ARB-USDT
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP