Funding you earn now, next payment 04:00 UTC−0.0350%/8h= −38.3% APRpaid last 24h −0.089%
Price spread now: Orderly against GMX−0.073%7-day average −0.019% · 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)−0.258%−$26 on $10k
+Price spread, last 4 days (all we have)+0.783%+$78 · spread now −0.073%, 7d avg −0.019%
=Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Orderly is 0.053% cheaper against GMX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.019%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX ARB/USD [ARB-USDC] | 0.2201 | L +0.0276% / S −0.0158% | pay 0.0034% / 1h | 1m 37s | $830K | — | 150x |
| Short | Orderly PERP_ARB_USDC | 0.2199 | −0.0074 | pay 0.0074% / 8h | 4h 01m | $12K | $400K | 10x |
GMX ARB/USD [ARB-USDC]
Orderly PERP_ARB_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$73.42
- Price spread: −0.073% → −0.019%
- −$5.32
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$96.74
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Orderly: 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 Orderly no order-book sample | — | — | — | — | — |
GMX and Orderly: 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 | −0.1649% | 1h | 0.2189 | −0.527% | $39K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0168% | 1h | 0.2203 | +0.095% | $7K | $2K | 10x | as long as short |
| Polymarket Perps ARB-USD | −0.0153% | 1h | 0.2199 | −0.073% | $86K | $2.1M | 10x | as long as short |
| OKX ARB-USDT-SWAP | −0.0114% | 8h | 0.2202 | +0.082% | $22.2M | $145.0M | 50x | as long as short |
| MEXC ARB_USDT | −0.0113% | 8h | 0.2201 | +0.014% | $41.6M | $60.9M | 200x | as long as short |
| Variational Omni ARB | −0.0096% | 8h | 0.2192 | −0.411% | $1.8M | $2.9M | — | as long as short |
| Orderly PERP_ARB_USDCshort | −0.0074% | 8h | 0.2199 | −0.073% | $12K | $400K | 10x | |
| Gate ARB_USDT | −0.0040% | 8h | 0.2203 | +0.095% | $5.3M | $18.9M | 60x | as long as short |
| Bybit ARBUSDT | −0.0036% | 8h | 0.2201 | +0.032% | $55.4M | $124.7M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0006% | 1h | 0.2201 | +0.003% | $1.1M | $4.4M | 50x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
Polymarket Perps ARB-USD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Variational Omni ARB
Gate ARB_USDT
Bybit ARBUSDT
Kraken Futures PF_ARBUSDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2202 | +0.058% | $65K | $5K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2201 | +0.023% | $24K | $34K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0006% | 1h | 0.2201 | +0.019% | $32K | — | 150x | as long as short |
| Extended ARB-USD | +0.0016% | 1h | 0.2201 | +0.032% | $350K | $2.5M | 25x | as long as short |
| Binance ARBUSDT | +0.0018% | 8h | 0.2202 | +0.064% | $64.0M | $301.4M | 75x | as long as short |
| SoDEX ARB-USD | +0.0029% | 1h | 0.2200 | −0.014% | $10K | $2.2M | 5x | as long as short |
| Bitget ARBUSDT | +0.0062% | 8h | 0.2202 | +0.064% | $20.9M | $34.2M | 50x | as long as short |
| BingX ARB-USDC | +0.0063% | 8h | 0.2199 | −0.059% | — | $6.5M | — | as long as short |
| BloFin ARB-USDT | +0.0071% | 8h | 0.2201 | +0.023% | $3.1M | $2.6M | 75x | as long as short |
| Aevo ARB-PERP | +0.0088% | 1h | 0.2201 | −0.002% | $140K | $7K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2201 | +0.023% | $1.2M | $5.8M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2202 | +0.059% | $37.8M | $48.4M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2200 | −0.027% | $633K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2202 | +0.055% | $42K | $168K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2202 | +0.055% | $19.5M | $14.8M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2195 | −0.273% | $38K | $464K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2195 | −0.254% | $466K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2194 | −0.300% | $118K | $284K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2202 | +0.064% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2200 | −0.050% | $298K | $909K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2200 | −0.027% | $5.0M | $13.0M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0224% | 1h | 0.2201 | +0.005% | $490K | $1.8M | 50x | as long as short |
| RISEx ARB/USDC | +0.0225% | 1h | 0.2203 | +0.118% | $476K | $2.6M | 10x | as long as short |
| GMX ARB/USD [ARB-USDC]long | L +0.0276% / S −0.0158% | 1h | 0.2201 | long leg | $830K | — | 150x | |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2198 | −0.096% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0609% | 1h | 0.2203 | +0.123% | $992K | $2.8M | 20x | as long as short |
dYdX ARB-USD
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Extended ARB-USD
Binance ARBUSDT
SoDEX ARB-USD
Bitget ARBUSDT
BingX ARB-USDC
BloFin ARB-USDT
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
RISEx ARB/USDC
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP