Funding you earn now, next payment 22:00 UTC−0.0192%/8h= −21.0% APRpaid last 24h −0.042%
Price spread now: BingX against GMX+0.150%7-day average −0.057% · 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)−0.157%−$16 on $10k
+Price spread, last 3 days (all we have)−0.796%−$80 · spread now +0.150%, 7d avg −0.057%
=The price spread pays, funding is against you. BingX is 0.207% dearer against GMX than usual: you sell high and buy low (spread +0.150% now, against its 7-day average of −0.057%): +$21 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 3.6 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX ARB/USD [ARB-USDC] | 0.2220 | L +0.0275% / S −0.0168% | pay 0.0034% / 1h | 45m 45s | $813K | — | 150x |
| Short | BingX ARB-USDT | 0.2223 | 0.0083 | get 0.0083% / 8h | 2h 45m | — | $54.1M | — |
GMX ARB/USD [ARB-USDC]
BingX ARB-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$40.33
- Price spread: +0.150% → −0.057%
- $20.72
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$41.61
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; BingX: live order book, 8 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 BingX live order book, 8 min ago | 0.90 bp | 6.2 bp −$6 | 7.3 bp −$73 | 19.0 bp −$1,902 | 68.6 bp −$34.3K |
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 | −0.1675% | 1h | 0.2203 | −0.764% | $40K | $107K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0384% | 1h | 0.2217 | −0.116% | $7K | $2K | 10x | as long as short |
| ApeX Omni ARBUSDT | −0.0271% | 1h | 0.2210 | −0.449% | $120K | $297K | 50x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0245% | 1h | 0.2220 | −0.017% | $36K | $18K | 25x | as long as short |
| Bybit ARBUSDT | −0.0236% | 8h | 0.2224 | +0.177% | $57.5M | $135.1M | 50x | as long as short |
| Variational Omni ARB | −0.0191% | 8h | 0.2209 | −0.473% | $1.9M | $2.8M | — | as long as short |
| OKX ARB-USDT-SWAP | −0.0060% | 8h | 0.2223 | +0.123% | $22.1M | $164.8M | 50x | as long as short |
| MEXC ARB_USDT | −0.0060% | 8h | 0.2223 | +0.136% | $37.4M | $63.1M | 200x | as long as short |
| SoDEX ARB-USD | −0.0054% | 1h | 0.2218 | −0.098% | $4K | $2.9M | 5x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0054% | 1h | 0.2220 | 0.000% | $1.1M | $5.2M | 50x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
ApeX Omni ARBUSDT
Deribit ARB_USDC-PERPETUAL
Bybit ARBUSDT
Variational Omni ARB
OKX ARB-USDT-SWAP
MEXC ARB_USDT
SoDEX ARB-USD
Kraken Futures PF_ARBUSDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps ARB-USD | −0.0017% | 1h | 0.2219 | −0.039% | $77K | $2.3M | 10x | as long as short |
| Orderly PERP_ARB_USDC | −0.0008% | 8h | 0.2220 | +0.001% | $10K | $383K | 10x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2225 | +0.209% | $66K | $4K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2221 | +0.040% | $55K | — | 150x | as long as short |
| Binance ARBUSDT | +0.0006% | 8h | 0.2224 | +0.164% | $63.4M | $326.0M | 75x | as long as short |
| Extended ARB-USD | +0.0008% | 1h | 0.2222 | +0.106% | $353K | $2.5M | 25x | as long as short |
| Gate ARB_USDT | +0.0019% | 8h | 0.2223 | +0.132% | $5.5M | $21.5M | 60x | as long as short |
| BloFin ARB-USDT | +0.0023% | 8h | 0.2220 | +0.015% | $3.0M | $3.3M | 75x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2220 | +0.005% | $145K | $12K | 3x | as long as short |
| Bitget ARBUSDT | +0.0083% | 8h | 0.2222 | +0.091% | $20.8M | $38.9M | 50x | as long as short |
| BingX ARB-USDTshort | +0.0083% | 8h | 0.2223 | +0.150% | — | $54.1M | — | |
| Lighter ARB | +0.0096% | 1h | 0.2224 | +0.195% | $1.3M | $7.7M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2226 | +0.258% | $39.8M | $53.1M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2224 | +0.191% | $692K | $1.8M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2225 | +0.222% | $46K | $207K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2225 | +0.222% | $20.5M | $17.2M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2213 | −0.330% | $38K | $450K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2213 | −0.310% | $475K | $4.2M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2219 | −0.044% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2218 | −0.093% | $273K | $1.2M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2218 | −0.089% | $5.3M | $13.8M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC]long | L +0.0275% / S −0.0168% | 1h | 0.2220 | long leg | $813K | — | 150x | |
| Coinbase International ARB-PERP-INTX | +0.0288% | 1h | 0.2224 | +0.182% | $508K | $2.5M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0291% | 1h | 0.2219 | −0.058% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0457% | 1h | 0.2225 | +0.222% | $1.1M | $2.8M | 20x | as long as short |
| RISEx ARB/USDC | +0.0546% | 1h | 0.2225 | +0.224% | $488K | $2.9M | 10x | as long as short |
Polymarket Perps ARB-USD
Orderly PERP_ARB_USDC
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Binance ARBUSDT
Extended ARB-USD
Gate ARB_USDT
BloFin ARB-USDT
Aevo ARB-PERP
Bitget ARBUSDT
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP
RISEx ARB/USDC