Funding you earn now, next payment 22:00 UTC−0.0176%/8h= −19.3% APRpaid last 24h −0.062%
Price spread now: GRVT against GMX−0.116%7-day average −0.031% · 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)−0.174%−$17 on $10k
+Price spread, last 3 days (all we have)−0.384%−$38 · spread now −0.116%, 7d avg −0.031%
=Together, before fees−0.559%+ Points / potential airdropGRVT: Active · farm board−$56 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and GRVT is 0.085% cheaper against GMX than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.031%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX ARB/USD [ARB-USDC] | 0.2239 | L +0.0276% / S −0.0168% | pay 0.0034% / 1h | 34m 57s | $820K | — | 150x |
| Short | GRVT ARB_USDT_Perp | 0.2236 | 0.0100 | get 0.0100% / 8h | 2h 34m | $482K | $4.1M | 10x |
GMX ARB/USD [ARB-USDC]
GRVT ARB_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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
- −$36.94
- Price spread: −0.116% → −0.031%
- −$8.51
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$66.44
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; GRVT: 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 GRVT live order book, 4 min ago | 2.24 bp | 13.6 bp −$14 | 95.9 bp −$959 | 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 | −0.1675% | 1h | 0.2223 | −0.702% | $40K | $197K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0304% | 1h | 0.2237 | −0.081% | $7K | $2K | 10x | as long as short |
| Bybit ARBUSDT | −0.0209% | 8h | 0.2237 | −0.059% | $56.6M | $136.3M | 50x | as long as short |
| Variational Omni ARB | −0.0178% | 8h | 0.2229 | −0.413% | $1.9M | $2.8M | — | as long as short |
| OKX ARB-USDT-SWAP | −0.0074% | 8h | 0.2236 | −0.099% | $22.2M | $165.7M | 50x | as long as short |
| MEXC ARB_USDT | −0.0073% | 8h | 0.2238 | −0.054% | $37.6M | $63.4M | 200x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0053% | 1h | 0.2239 | −0.003% | $1.1M | $5.3M | 50x | as long as short |
| SoDEX ARB-USD | −0.0045% | 1h | 0.2238 | −0.032% | $4K | $2.9M | 5x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0018% | 1h | 0.2239 | −0.005% | $37K | $18K | 25x | as long as short |
| Orderly PERP_ARB_USDC | −0.0012% | 8h | 0.2238 | −0.032% | $10K | $387K | 10x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
Bybit ARBUSDT
Variational Omni ARB
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Kraken Futures PF_ARBUSD
SoDEX ARB-USD
Deribit ARB_USDC-PERPETUAL
Orderly PERP_ARB_USDCShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps ARB-USD | −0.0003% | 1h | 0.2237 | −0.059% | $77K | $2.3M | 10x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2235 | −0.169% | $66K | $4K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2238 | −0.020% | $55K | — | 150x | as long as short |
| Gate ARB_USDT | +0.0007% | 8h | 0.2238 | −0.014% | $5.5M | $21.5M | 60x | as long as short |
| Extended ARB-USD | +0.0008% | 1h | 0.2237 | −0.064% | $355K | $2.5M | 25x | as long as short |
| Binance ARBUSDT | +0.0009% | 8h | 0.2238 | −0.015% | $63.7M | $326.3M | 75x | as long as short |
| BloFin ARB-USDT | +0.0034% | 8h | 0.2238 | −0.027% | $3.0M | $3.3M | 75x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2239 | −0.006% | $146K | $12K | 3x | as long as short |
| BingX ARB-USDT | +0.0084% | 8h | 0.2238 | −0.045% | — | $54.0M | — | as long as short |
| Bitget ARBUSDT | +0.0085% | 8h | 0.2238 | −0.032% | $21.0M | $38.8M | 50x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2239 | +0.017% | $1.3M | $7.7M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2241 | +0.089% | $40.1M | $53.1M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2237 | −0.067% | $696K | $1.8M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2236 | −0.139% | $46K | $205K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2239 | 0.000% | $20.7M | $17.1M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2233 | −0.269% | $38K | $449K | 20x | as long as short |
| GRVT ARB_USDT_Perpshort | +0.0100% | 8h | 0.2236 | −0.116% | $482K | $4.1M | 10x | |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2235 | −0.166% | $121K | $297K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2239 | +0.013% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2237 | −0.072% | $275K | $1.2M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2237 | −0.076% | $5.3M | $13.8M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC]long | L +0.0276% / S −0.0168% | 1h | 0.2239 | long leg | $820K | — | 150x | |
| Coinbase International ARB-PERP-INTX | +0.0288% | 1h | 0.2240 | +0.040% | $507K | $2.5M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0291% | 1h | 0.2236 | −0.104% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDC | +0.0546% | 1h | 0.2239 | +0.015% | $492K | $2.9M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0547% | 1h | 0.2242 | +0.142% | $1.1M | $2.7M | 20x | as long as short |
Polymarket Perps ARB-USD
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Gate ARB_USDT
Extended ARB-USD
Binance ARBUSDT
BloFin ARB-USDT
Aevo ARB-PERP
BingX ARB-USDT
Bitget ARBUSDT
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
ApeX Omni ARBUSDT
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
RISEx ARB/USDC
Backpack ARB_USDC_PERP