Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0186%/8h= −20.4% APRpaid last 24h −0.042%

Price spread now: Bitget against GMX−0.050%7-day average −0.049% · you buy dearer than you sell

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

Long on GMX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.163%−$16 on $10k

Price spread, last 3 days (all we have)−0.662%−$66 · spread now −0.050%, 7d avg −0.049%

Together, before fees−0.825%−$82 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.049%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX ARB/USD [ARB-USDC]	0.2228	L +0.0274% / S −0.0157%	pay 0.0034% / 1h	55m 17s	$833K	—	150x
Short	Bitget ARBUSDT	0.2227	0.0088	get 0.0088% / 8h	1h 55m	$20.9M	$38.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against GMX. 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 GMXbpFee BitgetbpOrdersPrice spread, now −0.050%Rate

Funding earned: −$39.06
Price spread: −0.050% → −0.049%: −$0.13
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$63.18
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Bitget: live order book, 4 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 Bitget live order book, 4 min ago	4.51 bp	13.9 bp −$14	22.8 bp −$228	138.3 bp −$13.8K	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 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	−0.1770%	1h	0.2213	−0.678%	$40K	$283K	12x	as long as short
01 Exchange ARBUSD	−0.0200%	1h	0.2225	−0.117%	$7K	$2K	10x	as long as short
Variational Omni ARB	−0.0157%	8h	0.2221	−0.298%	$1.9M	$2.8M	—	as long as short
Bybit ARBUSDT	−0.0131%	8h	0.2226	−0.095%	$57.3M	$136.2M	50x	as long as short
MEXC ARB_USDT	−0.0109%	8h	0.2227	−0.054%	$36.7M	$62.0M	200x	as long as short
OKX ARB-USDT-SWAP	−0.0109%	8h	0.2228	−0.027%	$22.2M	$163.5M	50x	as long as short
Orderly PERP_ARB_USDC	−0.0023%	8h	0.2227	−0.050%	$10K	$391K	10x	as long as short
Binance ARBUSDT	−0.0016%	8h	0.2228	−0.016%	$63.4M	$323.7M	75x	as long as short
Extended ARB-USD	−0.0016%	1h	0.2227	−0.071%	$353K	$2.4M	25x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2225	−0.149%	$66K	$4K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2228	+0.009%	$26K	$32K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2228	−0.016%	$55K	—	150x	as long as short
Gate ARB_USDT	+0.0010%	8h	0.2227	−0.050%	$5.5M	$20.6M	60x	as long as short
SoDEX ARB-USD	+0.0064%	1h	0.2227	−0.032%	$4K	$2.9M	5x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2228	+0.001%	$146K	$12K	3x	as long as short
Kraken Futures PF_ARBUSD	+0.0085%	1h	0.2231	+0.110%	$1.1M	$5.2M	50x	as long as short
Bitget ARBUSDTshort	+0.0088%	8h	0.2227	−0.050%	$20.9M	$38.1M	50x
BingX ARB-USDT	+0.0089%	8h	0.2227	−0.068%	—	$53.8M	—	as long as short
Lighter ARB	+0.0096%	1h	0.2229	+0.044%	$1.3M	$7.3M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2229	+0.058%	$39.8M	$52.6M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2226	−0.091%	$691K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2225	−0.159%	$44K	$200K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2229	+0.022%	$20.5M	$17.0M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2218	−0.449%	$36K	$456K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2220	−0.367%	$477K	$4.0M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2221	−0.319%	$120K	$296K	50x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2227	−0.050%	$76K	$2.2M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2226	−0.095%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2228	−0.027%	$275K	$1.2M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2228	−0.005%	$5.2M	$13.6M	50x	as long as short
BloFin ARB-USDT	+0.0104%	8h	0.2229	+0.031%	$3.0M	$3.3M	75x	as long as short
Coinbase International ARB-PERP-INTX	+0.0264%	1h	0.2231	+0.130%	$506K	$2.5M	50x	as long as short
GMX ARB/USD [ARB-USDC]long	L +0.0274% / S −0.0157%	1h	0.2228	long leg	$833K	—	150x
Reya ARBRUSDPERP	+0.0291%	1h	0.2227	−0.072%	$2K	$695	20x	as long as short
RISEx ARB/USDC	+0.0363%	1h	0.2227	−0.070%	$491K	$2.8M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0691%	1h	0.2227	−0.059%	$1.1M	$2.7M	20x	as long as short