Funding you earn now, next payment 00:00 UTC−0.0512%/8h= −56.1% APRnext payment −$0.64 per $10,000 · paid last 24h −0.068%
Price spread now: Polymarket Perps against GMX−0.108%7-day average −0.059% · 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)−0.234%−$23 on $10k
+Price spread, last 3 days (all we have)−0.335%−$33 · spread now −0.108%, 7d avg −0.059%
=Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Polymarket Perps is 0.049% cheaper against GMX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.059%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX ARB/USD [ARB-USDC] | 0.2267 | L +0.0274% / S −0.0157% | pay 0.0034% / 1h | 55m 48s | $849K | — | 150x |
| Short | Polymarket Perps ARB-USD | 0.2264 | −0.0238 | pay 0.0030% / 1h | 55m 48s | $77K | $2.0M | 10x |
GMX ARB/USD [ARB-USDC]
Polymarket Perps ARB-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- −$107.6
- Price spread: −0.108% → −0.059%
- −$4.89
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$132.49
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Polymarket Perps: live order book, 3 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 Polymarket Perps live order book, 3 min ago | 3.09 bp | 7.1 bp −$7 | 10.3 bp −$103 | 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 | −0.1785% | 1h | 0.2253 | −0.611% | $41K | $372K | 12x | as long as short |
| Polymarket Perps ARB-USDshort | −0.0238% | 1h | 0.2264 | −0.108% | $77K | $2.0M | 10x | |
| 01 Exchange ARBUSD | −0.0208% | 1h | 0.2265 | −0.081% | $7K | $2K | 10x | as long as short |
| Variational Omni ARB | −0.0176% | 8h | 0.2256 | −0.463% | $1.9M | $2.7M | — | as long as short |
| Bybit ARBUSDT | −0.0161% | 8h | 0.2268 | +0.056% | $58.7M | $130.0M | 50x | as long as short |
| SoDEX ARB-USD | −0.0138% | 1h | 0.2266 | −0.019% | $4K | $2.7M | 5x | as long as short |
| OKX ARB-USDT-SWAP | −0.0104% | 8h | 0.2268 | +0.038% | $22.8M | $160.4M | 50x | as long as short |
| MEXC ARB_USDT | −0.0102% | 8h | 0.2268 | +0.051% | $37.7M | $59.0M | 200x | as long as short |
| Orderly PERP_ARB_USDC | −0.0040% | 8h | 0.2266 | −0.037% | $12K | $397K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0015% | 1h | 0.2267 | +0.007% | $26K | $32K | 25x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
Variational Omni ARB
Bybit ARBUSDT
SoDEX ARB-USD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Orderly PERP_ARB_USDC
Deribit ARB_USDC-PERPETUALShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2265 | −0.096% | $67K | $4K | 10x | as long as short |
| Extended ARB-USD | 0.0000% | 1h | 0.2268 | +0.040% | $360K | $2.3M | 25x | as long as short |
| Binance ARBUSDT | 0.0000% | 8h | 0.2269 | +0.083% | $65.3M | $313.2M | 75x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2267 | −0.010% | $57K | — | 150x | as long as short |
| Gate ARB_USDT | +0.0034% | 8h | 0.2268 | +0.069% | $5.5M | $19.9M | 60x | as long as short |
| BloFin ARB-USDT | +0.0042% | 8h | 0.2266 | −0.046% | $3.1M | $3.3M | 75x | as long as short |
| Bitget ARBUSDT | +0.0065% | 8h | 0.2268 | +0.051% | $21.5M | $36.8M | 50x | as long as short |
| BingX ARB-USDT | +0.0066% | 8h | 0.2268 | +0.051% | — | $53.3M | — | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2268 | +0.038% | $148K | $12K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2268 | +0.064% | $1.4M | $7.4M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2272 | +0.214% | $41.0M | $48.8M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2269 | +0.098% | $706K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2266 | −0.054% | $47K | $193K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2269 | +0.113% | $20.4M | $16.3M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2257 | −0.428% | $40K | $460K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2258 | −0.390% | $491K | $3.7M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2259 | −0.346% | $122K | $295K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2268 | +0.051% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2265 | −0.099% | $283K | $1.1M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2266 | −0.037% | $5.2M | $13.2M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0216% | 1h | 0.2268 | +0.051% | $511K | $2.3M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0236% | 1h | 0.2268 | +0.035% | $1.2M | $4.9M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC]long | L +0.0274% / S −0.0157% | 1h | 0.2267 | long leg | $849K | — | 150x | |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2264 | −0.109% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDC | +0.0330% | 1h | 0.2266 | −0.039% | $503K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0413% | 1h | 0.2271 | +0.175% | $890K | $2.8M | 20x | as long as short |
dYdX ARB-USD
Extended ARB-USD
Binance ARBUSDT
gTrade (Gains Network) ARB/USD
Gate ARB_USDT
BloFin ARB-USDT
Bitget ARBUSDT
BingX 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
Kraken Futures PF_ARBUSD
Reya ARBRUSDPERP
RISEx ARB/USDC
Backpack ARB_USDC_PERP