Funding you earn now, next payment 01:00 UTC−0.0216%/8h= −23.7% APRpaid last 24h −0.035%
Price spread now: BloFin against GMX−0.047%7-day average −0.012% · 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)−0.114%−$11 on $10k
+Price spread, last 3 days (all we have)+0.188%+$19 · spread now −0.047%, 7d avg −0.012%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and BloFin is 0.035% cheaper against GMX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.012%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX ARB/USD [ARB-USDC] | 0.2275 | L +0.0288% / S −0.0175% | pay 0.0036% / 1h | 12m 43s | $901K | — | 150x |
| Short | BloFin ARB-USDT | 0.2273 | 0.0072 | get 0.0072% / 8h | 7h 12m | $3.2M | $2.9M | 75x |
GMX ARB/USD [ARB-USDC]
BloFin ARB-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$45.41
- Price spread: −0.047% → −0.012%
- −$3.52
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$72.93
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; BloFin: live order book, 6 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 BloFin live order book, 6 min ago | 1.11 bp | 17.1 bp −$17 | 37.0 bp −$370 | 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 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 | −0.1666% | 1h | 0.2264 | −0.465% | $41K | $372K | 12x | as long as short |
| Variational Omni ARB | −0.0201% | 8h | 0.2262 | −0.561% | $2.0M | $2.8M | — | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0190% | 1h | 0.2274 | −0.025% | $25K | $34K | 25x | as long as short |
| 01 Exchange ARBUSD | −0.0144% | 1h | 0.2273 | −0.065% | $7K | $2K | 10x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0137% | 1h | 0.2276 | +0.060% | $1.2M | $4.9M | 50x | as long as short |
| Bybit ARBUSDT | −0.0121% | 8h | 0.2273 | −0.056% | $59.1M | $126.7M | 50x | as long as short |
| OKX ARB-USDT-SWAP | −0.0111% | 8h | 0.2273 | −0.051% | $23.1M | $158.3M | 50x | as long as short |
| MEXC ARB_USDT | −0.0111% | 8h | 0.2274 | −0.025% | $39.1M | $59.4M | 200x | as long as short |
| SoDEX ARB-USD | −0.0061% | 1h | 0.2273 | −0.056% | $6K | $2.5M | 5x | as long as short |
| Orderly PERP_ARB_USDC | −0.0048% | 8h | 0.2273 | −0.069% | $12K | $387K | 10x | as long as short |
Injective ARB/USDC PERP
Variational Omni ARB
Deribit ARB_USDC-PERPETUAL
01 Exchange ARBUSD
Kraken Futures PF_ARBUSD
Bybit ARBUSDT
OKX ARB-USDT-SWAP
MEXC ARB_USDT
SoDEX ARB-USD
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 | 0.2274 | −0.043% | $67K | $4K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0006% | 1h | 0.2275 | +0.012% | $33K | — | 150x | as long as short |
| Extended ARB-USD | +0.0016% | 1h | 0.2273 | −0.074% | $366K | $2.5M | 25x | as long as short |
| Binance ARBUSDT | +0.0021% | 8h | 0.2274 | −0.034% | $67.2M | $310.5M | 75x | as long as short |
| BloFin ARB-USDTshort | +0.0072% | 8h | 0.2273 | −0.047% | $3.2M | $2.9M | 75x | |
| BingX ARB-USDC | +0.0088% | 8h | 0.2274 | −0.025% | — | $6.5M | — | as long as short |
| Aevo ARB-PERP | +0.0088% | 1h | 0.2276 | +0.047% | $144K | $7K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2275 | +0.010% | $1.4M | $7.3M | 15x | as long as short |
| Bitget ARBUSDT | +0.0097% | 8h | 0.2275 | +0.019% | $21.8M | $35.7M | 50x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2276 | +0.080% | $41.3M | $47.4M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2275 | +0.031% | $707K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2274 | −0.014% | $46K | $184K | 10x | as long as short |
| Gate ARB_USDT | +0.0100% | 8h | 0.2274 | −0.021% | $5.5M | $20.0M | 60x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2275 | +0.006% | $19.8M | $15.8M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2262 | −0.533% | $41K | $464K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2263 | −0.501% | $486K | $3.5M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2264 | −0.465% | $122K | $296K | 50x | as long as short |
| Polymarket Perps ARB-USD | +0.0100% | 1h | 0.2276 | +0.050% | $65K | $2.0M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2273 | −0.069% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2276 | +0.076% | $297K | $979K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2272 | −0.113% | $5.2M | $12.9M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0232% | 1h | 0.2274 | −0.025% | $523K | $2.3M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC]long | L +0.0288% / S −0.0175% | 1h | 0.2275 | long leg | $901K | — | 150x | |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2272 | −0.125% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDC | +0.0384% | 1h | 0.2276 | +0.050% | $518K | $2.6M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0609% | 1h | 0.2278 | +0.133% | $1.0M | $2.8M | 20x | as long as short |
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Extended ARB-USD
Binance ARBUSDT
BingX ARB-USDC
Aevo ARB-PERP
Lighter ARB
Bitget ARBUSDT
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
Gate ARB_USDT
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
Polymarket Perps ARB-USD
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
RISEx ARB/USDC
Backpack ARB_USDC_PERP