Funding you earn now, next payment 00:00 UTC−0.0446%/8h= −48.8% APRnext payment −$0.56 per $10,000 · paid last 24h −0.087%
Price spread now: Deribit against GMX−0.047%7-day average — · 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)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Deribit is 0.047% cheaper against GMX than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX ARB/USD [ARB-USDC] | 0.2257 | L +0.0297% / S −0.0186% | pay 0.0037% / 1h | 5m 36s | $924K | — | 150x |
| Short | Deribit ARB_USDC-PERPETUAL | 0.2256 | −0.0149 | pay 0.0019% / 1h | 5m 36s | $25K | $34K | 25x |
GMX ARB/USD [ARB-USDC]
Deribit ARB_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$93.59
- Price spread: −0.047% → 0.000%
- −$4.7
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$117.28
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Deribit: no order-book sample. 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 Deribit no order-book sample | — | — | — | — | — |
GMX and Deribit: 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 | −0.1785% | 1h | 0.2256 | −0.065% | $41K | $372K | 12x | as long as short |
| Polymarket Perps ARB-USD | −0.0238% | 1h | 0.2257 | −0.016% | $66K | $2.0M | 10x | as long as short |
| 01 Exchange ARBUSD | −0.0208% | 1h | 0.2262 | +0.201% | $7K | $2K | 10x | as long as short |
| Variational Omni ARB | −0.0196% | 8h | 0.2255 | −0.098% | $2.0M | $2.8M | — | as long as short |
| SoDEX ARB-USD | −0.0182% | 1h | 0.2256 | −0.051% | $4K | $2.6M | 5x | as long as short |
| Bybit ARBUSDT | −0.0180% | 8h | 0.2260 | +0.126% | $58.2M | $128.0M | 50x | as long as short |
| Deribit ARB_USDC-PERPETUALshort | −0.0149% | 1h | 0.2256 | −0.047% | $25K | $34K | 25x | |
| MEXC ARB_USDT | −0.0112% | 8h | 0.2261 | +0.161% | $38.4M | $60.2M | 200x | as long as short |
| OKX ARB-USDT-SWAP | −0.0112% | 8h | 0.2261 | +0.152% | $22.8M | $158.9M | 50x | as long as short |
| Orderly PERP_ARB_USDC | −0.0041% | 8h | 0.2256 | −0.065% | $13K | $394K | 10x | as long as short |
Injective ARB/USDC PERP
Polymarket Perps ARB-USD
01 Exchange ARBUSD
Variational Omni ARB
SoDEX ARB-USD
Bybit ARBUSDT
MEXC ARB_USDT
OKX ARB-USDT-SWAP
Orderly PERP_ARB_USDCShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ARB_USDT | −0.0016% | 8h | 0.2261 | +0.161% | $5.4M | $20.3M | 60x | as long as short |
| Binance ARBUSDT | −0.0003% | 8h | 0.2261 | +0.144% | $66.6M | $313.3M | 75x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2261 | +0.142% | $67K | $4K | 10x | as long as short |
| Extended ARB-USD | 0.0000% | 1h | 0.2260 | +0.127% | $359K | $2.3M | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2258 | +0.023% | $56K | — | 150x | as long as short |
| Bitget ARBUSDT | +0.0052% | 8h | 0.2260 | +0.113% | $21.3M | $35.9M | 50x | as long as short |
| BloFin ARB-USDT | +0.0053% | 8h | 0.2262 | +0.206% | $3.1M | $2.8M | 75x | as long as short |
| BingX ARB-USDC | +0.0054% | 8h | 0.2260 | +0.090% | — | $6.5M | — | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2257 | −0.035% | $148K | $12K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2262 | +0.206% | $1.4M | $7.5M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2263 | +0.263% | $41.0M | $47.7M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2259 | +0.070% | $705K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2262 | +0.202% | $47K | $183K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2261 | +0.144% | $19.6M | $16.1M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2263 | +0.226% | $40K | $461K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2263 | +0.245% | $485K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2264 | +0.290% | $122K | $295K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2259 | +0.068% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2257 | −0.003% | $290K | $1.1M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2258 | +0.024% | $5.2M | $13.0M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0216% | 1h | 0.2260 | +0.113% | $510K | $2.3M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0237% | 1h | 0.2260 | +0.121% | $1.1M | $4.9M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2256 | −0.060% | $2K | $695 | 20x | as long as short |
| GMX ARB/USD [ARB-USDC]long | L +0.0297% / S −0.0186% | 1h | 0.2257 | long leg | $924K | — | 150x | |
| RISEx ARB/USDC | +0.0330% | 1h | 0.2264 | +0.307% | $515K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0453% | 1h | 0.2262 | +0.201% | $1.0M | $2.8M | 20x | as long as short |
Gate ARB_USDT
Binance ARBUSDT
dYdX ARB-USD
Extended ARB-USD
gTrade (Gains Network) ARB/USD
Bitget ARBUSDT
BloFin ARB-USDT
BingX ARB-USDC
Aevo ARB-PERP
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
Coinbase International ARB-PERP-INTX
Kraken Futures PF_ARBUSD
Reya ARBRUSDPERP
RISEx ARB/USDC
Backpack ARB_USDC_PERP