ARB

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0056%/8h= −6.1% APRnext payment −$0.07 per $10,000 · paid last 24h +0.036%

Price spread now: Coinbase International against GMX+0.088%7-day average +0.130% · you sell dearer than you buy

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

Long on GMX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.058%+$6 on $10k

Price spread, last 3 days (all we have)+0.296%+$30 · spread now +0.088%, 7d avg +0.130%

Together, before fees+0.354%+$35 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Coinbase International is 0.041% cheaper against GMX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.130%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.058%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX ARB/USD [ARB-USDC]	0.2262	L +0.0288% / S −0.0175%	pay 0.0036% / 1h	15m 22s	$896K	—	150x
Short	Coinbase International ARB-PERP-INTX	0.2264	0.0232	get 0.0029% / 1h	15m 22s	$520K	$2.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.088%Rate

Funding earned: −$11.79
Price spread: +0.088% → +0.130%: −$4.11
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$37.9
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Coinbase International: live order book, 3 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 Coinbase International live order book, 3 min ago	8.41 bp	21.8 bp −$22	45.1 bp −$451	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	0.2256	−0.265%	$41K	$372K	12x	as long as short
Variational Omni ARB	−0.0201%	8h	0.2262	−0.009%	$2.0M	$2.8M	—	as long as short
01 Exchange ARBUSD	−0.0152%	1h	0.2261	−0.027%	$7K	$2K	10x	as long as short
Kraken Futures PF_ARBUSD	−0.0137%	1h	0.2265	+0.139%	$1.2M	$4.9M	50x	as long as short
Bybit ARBUSDT	−0.0114%	8h	0.2261	−0.053%	$58.9M	$126.8M	50x	as long as short
OKX ARB-USDT-SWAP	−0.0112%	8h	0.2262	+0.013%	$23.0M	$157.6M	50x	as long as short
MEXC ARB_USDT	−0.0111%	8h	0.2262	−0.009%	$38.8M	$59.3M	200x	as long as short
SoDEX ARB-USD	−0.0080%	1h	0.2261	−0.022%	$6K	$2.5M	5x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0059%	1h	0.2262	+0.018%	$25K	$34K	25x	as long as short
Orderly PERP_ARB_USDC	−0.0048%	8h	0.2262	0.000%	$12K	$386K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ARB-USD	0.0000%	1h	0.2264	+0.099%	$67K	$4K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2263	+0.023%	$33K	—	150x	as long as short
Extended ARB-USD	+0.0016%	1h	0.2261	−0.040%	$364K	$2.5M	25x	as long as short
Binance ARBUSDT	+0.0016%	8h	0.2262	+0.004%	$66.8M	$310.4M	75x	as long as short
BloFin ARB-USDT	+0.0055%	8h	0.2262	−0.013%	$3.1M	$2.9M	75x	as long as short
BingX ARB-USDC	+0.0088%	8h	0.2265	+0.124%	—	$6.5M	—	as long as short
Aevo ARB-PERP	+0.0088%	1h	0.2263	+0.041%	$144K	$7K	3x	as long as short
Bitget ARBUSDT	+0.0093%	8h	0.2262	0.000%	$21.7M	$35.7M	50x	as long as short
Lighter ARB	+0.0096%	1h	0.2265	+0.146%	$1.4M	$7.3M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2265	+0.141%	$41.1M	$47.4M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2264	+0.084%	$704K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2264	+0.093%	$45K	$184K	10x	as long as short
Gate ARB_USDT	+0.0100%	8h	0.2262	+0.018%	$5.5M	$20.0M	60x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2264	+0.093%	$19.7M	$15.8M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2262	−0.016%	$41K	$464K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2264	+0.095%	$486K	$3.5M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2263	+0.044%	$122K	$296K	50x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2263	+0.027%	$65K	$2.0M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2265	+0.133%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2263	+0.053%	$295K	$979K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2263	+0.044%	$5.2M	$12.9M	50x	as long as short
Coinbase International ARB-PERP-INTXshort	+0.0232%	1h	0.2264	+0.088%	$520K	$2.3M	50x
GMX ARB/USD [ARB-USDC]long	L +0.0288% / S −0.0175%	1h	0.2262	long leg	$896K	—	150x
Reya ARBRUSDPERP	+0.0290%	1h	0.2261	−0.030%	$2K	$695	20x	as long as short
RISEx ARB/USDC	+0.0384%	1h	0.2265	+0.128%	$521K	$2.6M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0597%	1h	0.2268	+0.261%	$1.0M	$2.8M	20x	as long as short