Funding you earn now, next payment 11:00 UTC−0.2015%/8h= −220.6% APRnext payment −$2.52 per $10,000 · paid last 24h −0.549%
Price spread now: Injective against GMX−0.308%7-day average −0.434% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−2.075%−$208 on $10k
+Price spread, last 4 days (all we have)+0.728%+$73 · spread now −0.308%, 7d avg −0.434%
=The price spread pays, funding is against you. Injective is 0.126% dearer against GMX than usual: you sell high and buy low (spread −0.308% now, against its 7-day average of −0.434%): +$13 on $10k if it goes back. Holding the pair costs −$60 a day in funding at the current rate, which eats that in about 5 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX ARB/USD [ARB-USDC] | 0.2189 | L +0.0279% / S −0.0162% | pay 0.0035% / 1h | 59m 05s | $836K | — | 150x |
| Short | Injective ARB/USDC PERP | 0.2182 | −0.1736 | pay 0.0217% / 1h | 59m 05s | $39K | $372K | 12x |
GMX ARB/USD [ARB-USDC]
Injective ARB/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$423.08
- Price spread: −0.308% → −0.434%
- $12.59
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$422.51
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: GMX: no order-book sample; Injective: live order book, 53 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 Injective live order book, 53 min ago | 52.57 bp | doesn't fit | doesn't fit | 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 exchanges
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 PERPshort | −0.1736% | 1h | 0.2182 | −0.308% | $39K | $372K | 12x | |
| Kraken Futures PF_ARBUSD | −0.0230% | 1h | 0.2189 | +0.023% | $1.1M | $4.2M | 50x | as long as short |
| SoDEX ARB-USD | −0.0219% | 1h | 0.2188 | −0.038% | $9K | $2.2M | 5x | as long as short |
| Bybit ARBUSDT | −0.0179% | 8h | 0.2188 | −0.034% | $53.8M | $122.5M | 50x | as long as short |
| OKX ARB-USDT-SWAP | −0.0138% | 8h | 0.2188 | −0.048% | $22.8M | $143.4M | 50x | as long as short |
| MEXC ARB_USDT | −0.0137% | 8h | 0.2188 | −0.048% | $44.1M | $60.9M | 200x | as long as short |
| 01 Exchange ARBUSD | −0.0112% | 1h | 0.2189 | +0.007% | $7K | $414 | 10x | as long as short |
| Binance ARBUSDT | −0.0033% | 8h | 0.2188 | −0.020% | $64.0M | $290.1M | 75x | as long as short |
| Extended ARB-USD | −0.0032% | 1h | 0.2187 | −0.085% | $359K | $3.0M | 25x | as long as short |
| Variational Omni ARB | −0.0025% | 8h | 0.2186 | −0.114% | $1.8M | $2.7M | — | as long as short |
Kraken Futures PF_ARBUSD
SoDEX ARB-USD
Bybit ARBUSDT
OKX ARB-USDT-SWAP
MEXC ARB_USDT
01 Exchange ARBUSD
Binance ARBUSDT
Extended ARB-USD
Variational Omni ARBShow all 36 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit ARB_USDC-PERPETUAL | −0.0024% | 1h | 0.2189 | −0.006% | $29K | $36K | 25x | as long as short |
| Orderly PERP_ARB_USDC | −0.0022% | 8h | 0.2188 | −0.034% | $16K | $412K | 10x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2191 | +0.085% | $64K | $3K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0006% | 1h | 0.2188 | −0.021% | $73K | — | 150x | as long as short |
| Gate ARB_USDT | +0.0032% | 8h | 0.2188 | −0.048% | $5.5M | $16.3M | 60x | as long as short |
| Phemex ARBUSDT | +0.0060% | 8h | 0.2187 | −0.079% | $4.7M | $12.6M | 50x | as long as short |
| Aevo ARB-PERP | +0.0072% | 1h | 0.2188 | −0.011% | $139K | $7K | 3x | as long as short |
| BloFin ARB-USDT | +0.0087% | 8h | 0.2187 | −0.066% | $3.0M | $2.1M | 75x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2190 | +0.048% | $1.3M | $5.3M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2190 | +0.076% | $35.7M | $50.0M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2190 | +0.039% | $626K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2190 | +0.072% | $42K | $143K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2190 | +0.035% | $19.0M | $13.4M | 75x | as long as short |
| Bitget ARBUSDT | +0.0100% | 8h | 0.2188 | −0.034% | $21.0M | $33.6M | 50x | as long as short |
| BingX ARB-USDT | +0.0100% | 8h | 0.2188 | −0.043% | — | $31.8M | — | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2187 | −0.101% | $40K | $468K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2187 | −0.058% | $466K | $3.4M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2187 | −0.079% | $118K | $311K | 50x | as long as short |
| Polymarket Perps ARB-USD | +0.0100% | 1h | 0.2188 | −0.043% | $73K | $1.9M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2192 | +0.149% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2189 | +0.016% | $296K | $816K | 50x | as long as short |
| Backpack ARB_USDC_PERP | +0.0183% | 1h | 0.2191 | +0.085% | $976K | $2.7M | 20x | as long as short |
| RISEx ARB/USDC | +0.0271% | 1h | 0.2190 | +0.080% | $530K | $2.4M | 10x | as long as short |
| GMX ARB/USD [ARB-USDC]long | L +0.0279% / S −0.0162% | 1h | 0.2189 | long leg | $836K | — | 150x | |
| Reya ARBRUSDPERP | +0.0288% | 1h | 0.2187 | −0.082% | $2K | $695 | 20x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0424% | 1h | 0.2196 | +0.313% | $524K | $1.4M | 50x | as long as short |
Deribit ARB_USDC-PERPETUAL
Orderly PERP_ARB_USDC
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Gate ARB_USDT
Phemex ARBUSDT
Aevo ARB-PERP
BloFin ARB-USDT
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
Bitget ARBUSDT
BingX ARB-USDT
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
Polymarket Perps ARB-USD
SunX ARB-USDT
HTX ARB-USDT
Backpack ARB_USDC_PERP
RISEx ARB/USDC
Reya ARBRUSDPERP
Coinbase International ARB-PERP-INTX