Funding you earn now, next payment 02:00 UTC−0.0342%/8h= −37.5% APRnext payment −$0.43 per $10,000 · paid last 24h −0.046%
Price spread now: ApeX Omni against GMX−0.449%7-day average −0.003% · 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)−0.168%−$17 on $10k
+Price spread, last 3 days (all we have)+0.139%+$14 · spread now −0.449%, 7d avg −0.003%
=Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and ApeX Omni is 0.445% cheaper against GMX than usual: you would sell low and buy high (−$45 if the spread goes back to its 7-day average of −0.003%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX ARB/USD [ARB-USDC] | 0.2221 | L +0.0273% / S −0.0155% | pay 0.0034% / 1h | 24m 35s | $829K | — | 150x |
| Short | ApeX Omni ARBUSDT | 0.2211 | −0.0069 | pay 0.0009% / 1h | 24m 35s | $119K | $293K | 50x |
GMX ARB/USD [ARB-USDC]
ApeX Omni ARBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against GMX. 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
- −$71.89
- Price spread: −0.449% → −0.003%
- −$44.54
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$138.43
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; ApeX Omni: live order book, 43 min ago. 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 GMX no order-book sample | — | — | — | — | — |
| Sell ApeX Omni live order book, 43 min ago | 11.05 bp | 21.9 bp −$22 | 119.7 bp −$1,197 | doesn't fit | doesn't fit |
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 35 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 | −0.1692% | 1h | 0.2203 | −0.809% | $40K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0240% | 1h | 0.2215 | −0.278% | $7K | $2K | 10x | as long as short |
| SoDEX ARB-USD | −0.0217% | 1h | 0.2219 | −0.102% | $10K | $2.5M | 5x | as long as short |
| Variational Omni ARB | −0.0171% | 8h | 0.2211 | −0.436% | $1.9M | $2.9M | — | as long as short |
| OKX ARB-USDT-SWAP | −0.0122% | 8h | 0.2213 | −0.345% | $22.3M | $156.6M | 50x | as long as short |
| MEXC ARB_USDT | −0.0119% | 8h | 0.2215 | −0.278% | $39.5M | $60.1M | 200x | as long as short |
| Gate ARB_USDT | −0.0086% | 8h | 0.2215 | −0.264% | $5.4M | $19.9M | 60x | as long as short |
| ApeX Omni ARBUSDTshort | −0.0069% | 1h | 0.2211 | −0.449% | $119K | $293K | 50x | |
| Deribit ARB_USDC-PERPETUAL | −0.0065% | 1h | 0.2220 | −0.066% | $24K | $34K | 25x | as long as short |
| Bybit ARBUSDT | −0.0064% | 8h | 0.2214 | −0.309% | $56.7M | $128.9M | 50x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
SoDEX ARB-USD
Variational Omni ARB
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Gate ARB_USDT
Deribit ARB_USDC-PERPETUAL
Bybit ARBUSDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ARB_USDC | −0.0060% | 8h | 0.2218 | −0.134% | $12K | $382K | 10x | as long as short |
| Binance ARBUSDT | −0.0002% | 8h | 0.2214 | −0.295% | $64.6M | $317.6M | 75x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2220 | −0.061% | $66K | $5K | 10x | as long as short |
| Extended ARB-USD | 0.0000% | 1h | 0.2214 | −0.322% | $353K | $2.5M | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0011% | 1h | 0.2221 | +0.012% | $10K | — | 150x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2220 | −0.037% | $141K | $7K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2218 | −0.120% | $1.2M | $7.4M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2220 | −0.053% | $38.9M | $51.7M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2219 | −0.091% | $661K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2219 | −0.110% | $42K | $186K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2220 | −0.048% | $19.6M | $15.8M | 75x | as long as short |
| Bitget ARBUSDT | +0.0100% | 8h | 0.2217 | −0.179% | $21.2M | $36.4M | 50x | as long as short |
| BingX ARB-USDT | +0.0100% | 8h | 0.2216 | −0.242% | — | $54.5M | — | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2211 | −0.431% | $40K | $461K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2212 | −0.420% | $471K | $3.7M | 10x | as long as short |
| Polymarket Perps ARB-USD | +0.0100% | 1h | 0.2221 | −0.008% | $76K | $2.1M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2220 | −0.044% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2219 | −0.098% | $298K | $998K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2218 | −0.134% | $5.0M | $13.1M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0240% | 1h | 0.2223 | +0.091% | $508K | $2.1M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC]long | L +0.0273% / S −0.0155% | 1h | 0.2221 | long leg | $829K | — | 150x | |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2219 | −0.070% | $2K | $695 | 20x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0311% | 1h | 0.2220 | −0.040% | $1.1M | $4.7M | 50x | as long as short |
| RISEx ARB/USDC | +0.0466% | 1h | 0.2217 | −0.194% | $478K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0527% | 1h | 0.2221 | +0.015% | $1.0M | $2.9M | 20x | as long as short |
Orderly PERP_ARB_USDC
Binance ARBUSDT
dYdX ARB-USD
Extended ARB-USD
gTrade (Gains Network) ARB/USD
Aevo ARB-PERP
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
Bitget ARBUSDT
BingX ARB-USDT
edgeX ARBUSDC
GRVT ARB_USDT_Perp
Polymarket Perps ARB-USD
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
Kraken Futures PF_ARBUSD
RISEx ARB/USDC
Backpack ARB_USDC_PERP