Funding you earn now, next payment 08:00 UTC−0.0176%/8h= −19.2% APRpaid last 24h −0.045%
Price spread now: KuCoin against GMX−0.013%7-day average −0.005% · 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)−0.178%−$18 on $10k
+Price spread, last 4 days (all we have)−0.179%−$18 · spread now −0.013%, 7d avg −0.005%
=The price spread sits at its 7-day average of −0.005%, so right now this pair is about funding alone: −$5 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] | 0.2185 | L +0.0276% / S −0.0158% | pay 0.0034% / 1h | 39m 17s | $825K | — | 150x |
| Short | KuCoin ARBUSDTM | 0.2185 | 0.0100 | get 0.0100% / 8h | 39m 17s | $19.4M | $14.0M | 75x |
GMX ARB/USD [ARB-USDC]
KuCoin ARBUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$36.91
- Price spread: −0.013% → −0.005%
- −$0.76
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$61.67
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; KuCoin: live order book, 10 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 KuCoin live order book, 10 min ago | 1.82 bp | 19.7 bp −$20 | 32.9 bp −$329 | 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 | −0.1612% | 1h | 0.2173 | −0.562% | $39K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0144% | 1h | 0.2180 | −0.246% | $7K | $236 | 10x | as long as short |
| OKX ARB-USDT-SWAP | −0.0084% | 8h | 0.2184 | −0.040% | $22.0M | $144.3M | 50x | as long as short |
| MEXC ARB_USDT | −0.0083% | 8h | 0.2184 | −0.040% | $42.9M | $61.9M | 200x | as long as short |
| Orderly PERP_ARB_USDC | −0.0041% | 8h | 0.2184 | −0.059% | $13K | $404K | 10x | as long as short |
| SoDEX ARB-USD | −0.0025% | 1h | 0.2184 | −0.040% | $9K | $2.2M | 5x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0024% | 1h | 0.2185 | −0.004% | $28K | $38K | 25x | as long as short |
| Variational Omni ARB | −0.0008% | 8h | 0.2188 | +0.139% | $1.8M | $3.0M | — | as long as short |
| Polymarket Perps ARB-USD | −0.0006% | 1h | 0.2183 | −0.086% | $67K | $2.1M | 10x | as long as short |
| Binance ARBUSDT | −0.0006% | 8h | 0.2184 | −0.040% | $62.5M | $300.6M | 75x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Orderly PERP_ARB_USDC
SoDEX ARB-USD
Deribit ARB_USDC-PERPETUAL
Variational Omni ARB
Polymarket Perps ARB-USD
Binance ARBUSDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2183 | −0.123% | $65K | $5K | 10x | as long as short |
| Extended ARB-USD | 0.0000% | 1h | 0.2180 | −0.228% | $349K | $3.1M | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0009% | 1h | 0.2186 | +0.025% | $44K | — | 150x | as long as short |
| Bybit ARBUSDT | +0.0006% | 8h | 0.2184 | −0.059% | $53.4M | $126.0M | 50x | as long as short |
| Gate ARB_USDT | +0.0020% | 8h | 0.2185 | −0.031% | $5.4M | $18.3M | 60x | as long as short |
| BloFin ARB-USDT | +0.0065% | 8h | 0.2184 | −0.068% | $3.0M | $2.3M | 75x | as long as short |
| RISEx ARB/USDC | +0.0069% | 1h | 0.2182 | −0.155% | $492K | $2.6M | 10x | as long as short |
| Bitget ARBUSDT | +0.0080% | 8h | 0.2184 | −0.059% | $21.1M | $34.6M | 50x | as long as short |
| BingX ARB-USDT | +0.0080% | 8h | 0.2185 | −0.036% | — | $33.1M | — | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2187 | +0.091% | $139K | $7K | 3x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0093% | 1h | 0.2186 | +0.025% | $1.1M | $4.4M | 50x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2185 | −0.031% | $1.2M | $5.4M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2185 | −0.036% | $36.9M | $49.4M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2184 | −0.054% | $628K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2184 | −0.054% | $42K | $147K | 10x | as long as short |
| KuCoin ARBUSDTMshort | +0.0100% | 8h | 0.2185 | −0.013% | $19.4M | $14.0M | 75x | |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2188 | +0.142% | $39K | $463K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2190 | +0.216% | $469K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2190 | +0.216% | $118K | $279K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2187 | +0.079% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2185 | +0.001% | $292K | $835K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2186 | +0.033% | $4.8M | $12.8M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC]long | L +0.0276% / S −0.0158% | 1h | 0.2185 | long leg | $825K | — | 150x | |
| Reya ARBRUSDPERP | +0.0288% | 1h | 0.2184 | −0.074% | $2K | $695 | 20x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0336% | 1h | 0.2186 | +0.033% | $523K | $1.5M | 50x | as long as short |
| Backpack ARB_USDC_PERP | +0.0681% | 1h | 0.2186 | +0.051% | $986K | $2.9M | 20x | as long as short |
dYdX ARB-USD
Extended ARB-USD
gTrade (Gains Network) ARB/USD
Bybit ARBUSDT
Gate ARB_USDT
BloFin ARB-USDT
RISEx ARB/USDC
Bitget ARBUSDT
BingX ARB-USDT
Aevo ARB-PERP
Kraken Futures PF_ARBUSD
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
Reya ARBRUSDPERP
Coinbase International ARB-PERP-INTX
Backpack ARB_USDC_PERP