Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0490%/8h= −53.7% APRpaid last 24h −0.043%

Price spread now: Bybit against GMX−0.077%7-day average −0.066% · you buy dearer than you sell

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

Long on GMX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.164%−$16 on $10k

Price spread, last 3 days (all we have)−0.582%−$58 · spread now −0.077%, 7d avg −0.066%

Together, before fees−0.746%−$75 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.066%, so right now this pair is about funding alone: −$15 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]	0.2236	L +0.0276% / S −0.0168%	pay 0.0034% / 1h	38m 20s	$820K	—	150x
Short	Bybit ARBUSDT	0.2234	−0.0214	pay 0.0214% / 8h	2h 38m	$56.6M	$136.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.077%Rate

Funding earned: −$102.94
Price spread: −0.077% → −0.066%: −$1.19
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$127.13
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Bybit: 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 Bybit live order book, 6 min ago	0.22 bp	10.2 bp −$10	23.2 bp −$232	52.8 bp −$5,276	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	−0.1675%	1h	0.2219	−0.739%	$40K	$107K	12x	as long as short
01 Exchange ARBUSD	−0.0328%	1h	0.2234	−0.073%	$7K	$2K	10x	as long as short
Bybit ARBUSDTshort	−0.0214%	8h	0.2234	−0.077%	$56.6M	$136.2M	50x
Deribit ARB_USDC-PERPETUAL	−0.0197%	1h	0.2235	−0.010%	$37K	$18K	25x	as long as short
Variational Omni ARB	−0.0184%	8h	0.2232	−0.151%	$1.9M	$2.8M	—	as long as short
SoDEX ARB-USD	−0.0073%	1h	0.2234	−0.077%	$4K	$2.9M	5x	as long as short
OKX ARB-USDT-SWAP	−0.0072%	8h	0.2233	−0.100%	$22.2M	$165.6M	50x	as long as short
MEXC ARB_USDT	−0.0069%	8h	0.2233	−0.091%	$37.6M	$63.3M	200x	as long as short
Kraken Futures PF_ARBUSD	−0.0053%	1h	0.2235	−0.003%	$1.1M	$5.3M	50x	as long as short
Orderly PERP_ARB_USDC	−0.0011%	8h	0.2235	−0.024%	$10K	$387K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps ARB-USD	−0.0001%	1h	0.2234	−0.051%	$77K	$2.3M	10x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2238	+0.100%	$66K	$4K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2236	+0.021%	$55K	—	150x	as long as short
Binance ARBUSDT	+0.0008%	8h	0.2234	−0.048%	$63.6M	$326.3M	75x	as long as short
Extended ARB-USD	+0.0008%	1h	0.2233	−0.098%	$355K	$2.5M	25x	as long as short
Gate ARB_USDT	+0.0017%	8h	0.2235	−0.033%	$5.5M	$21.5M	60x	as long as short
BloFin ARB-USDT	+0.0030%	8h	0.2235	−0.046%	$3.0M	$3.3M	75x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2235	−0.010%	$146K	$12K	3x	as long as short
BingX ARB-USDT	+0.0083%	8h	0.2234	−0.055%	—	$54.0M	—	as long as short
Bitget ARBUSDT	+0.0084%	8h	0.2234	−0.068%	$21.0M	$38.8M	50x	as long as short
Lighter ARB	+0.0096%	1h	0.2237	+0.084%	$1.3M	$7.7M	15x	as long as short
ApeX Omni ARBUSDT	+0.0097%	1h	0.2230	−0.247%	$121K	$297K	50x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2237	+0.075%	$40.1M	$53.1M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2236	+0.020%	$696K	$1.8M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2238	+0.100%	$46K	$205K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2236	+0.017%	$20.7M	$17.1M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2231	−0.203%	$38K	$448K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2231	−0.214%	$478K	$4.1M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2232	−0.158%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2234	−0.086%	$275K	$1.2M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2234	−0.068%	$5.4M	$13.8M	50x	as long as short
GMX ARB/USD [ARB-USDC]long	L +0.0276% / S −0.0168%	1h	0.2236	long leg	$820K	—	150x
Coinbase International ARB-PERP-INTX	+0.0288%	1h	0.2235	−0.024%	$507K	$2.5M	50x	as long as short
Reya ARBRUSDPERP	+0.0291%	1h	0.2234	−0.060%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0531%	1h	0.2239	+0.160%	$1.1M	$2.8M	20x	as long as short
RISEx ARB/USDC	+0.0546%	1h	0.2237	+0.046%	$491K	$2.9M	10x	as long as short