Funding you earn now, next payment 00:00 UTC+0.0175%/8h= +19.1% APRpaid last 24h +0.033%
Price spread now: GMX against Gate+0.023%7-day average +0.045% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.117%+$12 on $10k
+Price spread, last 3 days (all we have)+0.302%+$30 · spread now +0.023%, 7d avg +0.045%
=Funding pays, the price is against you. GMX is 0.022% cheaper against Gate than usual: you would sell low and buy high (spread +0.023% now, against its 7-day average of +0.045%). If the spread goes back, that is −$2 on $10k: about 10 hours of funding at the current rate (+$5 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ARB_USDT | 0.2280 | 0.0011 | pay 0.0011% / 8h | 32m 52s | $5.5M | $20.2M | 60x |
| Short | GMX ARB/USD [ARB-USDC] | 0.2280 | L +0.0296% / S −0.0186% | get 0.0023% / 1h | 32m 52s | $932K | — | 150x |
Gate ARB_USDT
GMX ARB/USD [ARB-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Gate. 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
- $36.69
- Price spread: +0.023% → +0.045%
- −$2.2
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $7.49
- Costs to cover
- 0.270%
- Break-even
- 5.6 days
Slippage unknown: Gate: live order book, 1 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 Gate live order book, 1 min ago | 1.98 bp | 19.0 bp −$19 | 36.5 bp −$365 | 100.0 bp −$9,996 | 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 | 0.2268 | −0.504% | $41K | $372K | 12x | as long as short |
| Polymarket Perps ARB-USD | −0.0280% | 1h | 0.2279 | −0.039% | $75K | $2.0M | 10x | as long as short |
| Variational Omni ARB | −0.0182% | 8h | 0.2273 | −0.272% | $2.0M | $2.8M | — | as long as short |
| Bybit ARBUSDT | −0.0162% | 8h | 0.2279 | −0.009% | $58.6M | $128.9M | 50x | as long as short |
| 01 Exchange ARBUSD | −0.0160% | 1h | 0.2278 | −0.075% | $7K | $2K | 10x | as long as short |
| OKX ARB-USDT-SWAP | −0.0111% | 8h | 0.2280 | 0.000% | $23.1M | $161.0M | 50x | as long as short |
| MEXC ARB_USDT | −0.0109% | 8h | 0.2279 | −0.004% | $38.3M | $59.7M | 200x | as long as short |
| SoDEX ARB-USD | −0.0077% | 1h | 0.2278 | −0.048% | $4K | $2.6M | 5x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0057% | 1h | 0.2279 | −0.009% | $26K | $32K | 25x | as long as short |
| Orderly PERP_ARB_USDC | −0.0041% | 8h | 0.2279 | −0.022% | $13K | $395K | 10x | as long as short |
Injective ARB/USDC PERP
Polymarket Perps ARB-USD
Variational Omni ARB
Bybit ARBUSDT
01 Exchange ARBUSD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
SoDEX ARB-USD
Deribit ARB_USDC-PERPETUAL
Orderly PERP_ARB_USDCShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2280 | +0.005% | $67K | $4K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2280 | +0.010% | $55K | — | 150x | as long as short |
| Extended ARB-USD | +0.0008% | 1h | 0.2279 | −0.037% | $363K | $2.3M | 25x | as long as short |
| Binance ARBUSDT | +0.0009% | 8h | 0.2280 | +0.009% | $66.8M | $314.0M | 75x | as long as short |
| Gate ARB_USDTlong | +0.0011% | 8h | 0.2280 | long leg | $5.5M | $20.2M | 60x | |
| BloFin ARB-USDT | +0.0036% | 8h | 0.2278 | −0.048% | $3.1M | $2.8M | 75x | as long as short |
| Bitget ARBUSDT | +0.0067% | 8h | 0.2279 | −0.022% | $21.5M | $36.0M | 50x | as long as short |
| BingX ARB-USDT | +0.0067% | 8h | 0.2279 | −0.013% | — | $53.5M | — | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2280 | +0.043% | $149K | $12K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2280 | +0.018% | $1.4M | $7.4M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2282 | +0.101% | $41.5M | $47.3M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2279 | −0.031% | $710K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2279 | −0.007% | $48K | $185K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2279 | −0.031% | $19.8M | $16.2M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2274 | −0.232% | $40K | $462K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2275 | −0.213% | $485K | $3.7M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2273 | −0.285% | $122K | $295K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2281 | +0.066% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2279 | −0.004% | $291K | $1.1M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2278 | −0.066% | $5.2M | $13.1M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0216% | 1h | 0.2282 | +0.110% | $514K | $2.3M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0235% | 1h | 0.2280 | +0.020% | $1.2M | $4.9M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2278 | −0.045% | $2K | $695 | 20x | as long as short |
| GMX ARB/USD [ARB-USDC]short | L +0.0296% / S −0.0186% | 1h | 0.2280 | +0.023% | $932K | — | 150x | |
| RISEx ARB/USDC | +0.0330% | 1h | 0.2281 | +0.055% | $504K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0481% | 1h | 0.2282 | +0.097% | $928K | $2.8M | 20x | as long as short |
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Extended ARB-USD
Binance ARBUSDT
BloFin ARB-USDT
Bitget ARBUSDT
BingX ARB-USDT
Aevo ARB-PERP
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
Coinbase International ARB-PERP-INTX
Kraken Futures PF_ARBUSD
Reya ARBRUSDPERP
RISEx ARB/USDC
Backpack ARB_USDC_PERP