Funding you earn now, next payment 06:00 UTC−0.0190%/8h= −20.9% APRnext payment −$0.24 per $10,000 · paid last 24h +0.011%
Price spread now: RISEx against GMX+0.003%7-day average +0.005% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.088%+$9 on $10k
+Price spread, last 4 days (all we have)−0.197%−$20 · spread now +0.003%, 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: −$6 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair paid +0.088%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX ARB/USD [ARB-USDC] | 0.2214 | L +0.0277% / S −0.0159% | pay 0.0035% / 1h | 12m 56s | $839K | — | 150x |
| Short | RISEx ARB/USDC | 0.2214 | 0.0086 | get 0.0011% / 1h | 12m 56s | $448K | $2.6M | 10x |
GMX ARB/USD [ARB-USDC]
RISEx ARB/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx 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
- −$40
- Price spread: +0.003% → +0.005%
- −$0.18
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- −$58.18
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; RISEx: live order book, 1 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 RISEx live order book, 1 min ago | 4.29 bp | 7.4 bp −$7 | 24.0 bp −$240 | 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 | −0.1581% | 1h | 0.2204 | −0.441% | $40K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0152% | 1h | 0.2215 | +0.060% | $7K | $236 | 10x | as long as short |
| Variational Omni ARB | −0.0099% | 8h | 0.2204 | −0.424% | $1.8M | $3.0M | — | as long as short |
| Kraken Futures PF_ARBUSD | −0.0074% | 1h | 0.2212 | −0.081% | $1.1M | $4.5M | 50x | as long as short |
| Bybit ARBUSDT | −0.0069% | 8h | 0.2211 | −0.107% | $55.0M | $125.8M | 50x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0066% | 1h | 0.2213 | −0.039% | $23K | $33K | 25x | as long as short |
| Polymarket Perps ARB-USD | −0.0063% | 1h | 0.2215 | +0.042% | $79K | $2.1M | 10x | as long as short |
| MEXC ARB_USDT | −0.0053% | 8h | 0.2212 | −0.103% | $41.8M | $61.7M | 200x | as long as short |
| OKX ARB-USDT-SWAP | −0.0051% | 8h | 0.2211 | −0.139% | $21.8M | $145.6M | 50x | as long as short |
| Orderly PERP_ARB_USDC | −0.0046% | 8h | 0.2212 | −0.080% | $12K | $408K | 10x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
Variational Omni ARB
Kraken Futures PF_ARBUSD
Bybit ARBUSDT
Deribit ARB_USDC-PERPETUAL
Polymarket Perps ARB-USD
MEXC ARB_USDT
OKX ARB-USDT-SWAP
Orderly PERP_ARB_USDCShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2215 | +0.038% | $66K | $5K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0009% | 1h | 0.2214 | +0.008% | $44K | — | 150x | as long as short |
| Bitget ARBUSDT | +0.0059% | 8h | 0.2210 | −0.170% | $21.2M | $34.6M | 50x | as long as short |
| Gate ARB_USDT | +0.0084% | 8h | 0.2212 | −0.084% | $5.4M | $18.3M | 60x | as long as short |
| RISEx ARB/USDCshort | +0.0086% | 1h | 0.2214 | +0.003% | $448K | $2.6M | 10x | |
| Lighter ARB | +0.0096% | 1h | 0.2212 | −0.071% | $1.3M | $5.5M | 15x | as long as short |
| BingX ARB-USDC | +0.0096% | 8h | 0.2210 | −0.170% | — | $6.5M | — | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2213 | −0.026% | $37.1M | $48.9M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2214 | −0.004% | $637K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2215 | +0.062% | $42K | $149K | 10x | as long as short |
| Binance ARBUSDT | +0.0100% | 8h | 0.2211 | −0.118% | $63.2M | $300.8M | 75x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2212 | −0.075% | $19.7M | $14.4M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2204 | −0.458% | $39K | $465K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2203 | −0.487% | $473K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2204 | −0.441% | $119K | $281K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2218 | +0.191% | $2K | $1.1M | 30x | as long as short |
| SoDEX ARB-USD | +0.0100% | 1h | 0.2211 | −0.112% | $9K | $2.2M | 5x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2212 | −0.098% | $296K | $885K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2212 | −0.080% | $4.9M | $12.8M | 50x | as long as short |
| Extended ARB-USD | +0.0104% | 1h | 0.2210 | −0.177% | $352K | $2.8M | 25x | as long as short |
| Aevo ARB-PERP | +0.0104% | 1h | 0.2213 | −0.021% | $140K | $7K | 3x | as long as short |
| BloFin ARB-USDT | +0.0220% | 8h | 0.2212 | −0.089% | $3.0M | $2.4M | 75x | as long as short |
| GMX ARB/USD [ARB-USDC]long | L +0.0277% / S −0.0159% | 1h | 0.2214 | long leg | $839K | — | 150x | |
| Coinbase International ARB-PERP-INTX | +0.0288% | 1h | 0.2217 | +0.146% | $513K | $1.6M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2213 | −0.022% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0752% | 1h | 0.2215 | +0.042% | $993K | $2.8M | 20x | as long as short |
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Bitget ARBUSDT
Gate ARB_USDT
Lighter ARB
BingX ARB-USDC
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
Binance ARBUSDT
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
SoDEX ARB-USD
HTX ARB-USDT
Phemex ARBUSDT
Extended ARB-USD
Aevo ARB-PERP
BloFin ARB-USDT
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP