Funding you earn now, next payment 08:00 UTC−0.0303%/8h= −33.2% APRpaid last 24h −0.077%
Price spread now: Variational Omni against GMX−0.247%7-day average −0.028% · 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)−0.222%−$22 on $10k
+Price spread, last 4 days (all we have)−0.166%−$17 · spread now −0.247%, 7d avg −0.028%
=Together, before fees−0.388%+ Points / potential airdropVariational Omni: Active · farm board−$39 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Variational Omni is 0.219% cheaper against GMX than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of −0.028%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX ARB/USD [ARB-USDC] | 0.2189 | L +0.0276% / S −0.0158% | pay 0.0034% / 1h | 53m 01s | $826K | — | 150x |
| Short | Variational Omni ARB | 0.2184 | −0.0027 | pay 0.0027% / 8h | 53m 01s | $1.8M | $3.0M | — |
GMX ARB/USD [ARB-USDC]
Variational Omni ARBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$63.61
- Price spread: −0.247% → −0.028%
- −$21.93
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$97.54
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Variational Omni: RFQ quote, 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 Variational Omni RFQ quote, 1 min ago | 4.57 bp | doesn't fit | 18.3 bp −$183 | 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 | 0.2181 | −0.368% | $39K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0184% | 1h | 0.2189 | +0.016% | $7K | $236 | 10x | as long as short |
| OKX ARB-USDT-SWAP | −0.0088% | 8h | 0.2190 | +0.057% | $22.0M | $144.8M | 50x | as long as short |
| MEXC ARB_USDT | −0.0088% | 8h | 0.2189 | −0.007% | $42.2M | $61.6M | 200x | as long as short |
| Orderly PERP_ARB_USDC | −0.0038% | 8h | 0.2188 | −0.048% | $12K | $407K | 10x | as long as short |
| Variational Omni ARBshort | −0.0027% | 8h | 0.2184 | −0.247% | $1.8M | $3.0M | — | |
| Polymarket Perps ARB-USD | −0.0007% | 1h | 0.2189 | −0.003% | $67K | $2.1M | 10x | as long as short |
| Bybit ARBUSDT | −0.0005% | 8h | 0.2190 | +0.038% | $53.7M | $126.3M | 50x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2190 | +0.058% | $65K | $5K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2190 | +0.020% | $28K | $38K | 25x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Orderly PERP_ARB_USDC
Polymarket Perps ARB-USD
Bybit ARBUSDT
dYdX ARB-USD
Deribit ARB_USDC-PERPETUALShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0009% | 1h | 0.2189 | +0.019% | $44K | — | 150x | as long as short |
| Binance ARBUSDT | +0.0006% | 8h | 0.2190 | +0.043% | $62.6M | $301.5M | 75x | as long as short |
| Extended ARB-USD | +0.0008% | 1h | 0.2188 | −0.046% | $349K | $3.0M | 25x | as long as short |
| SoDEX ARB-USD | +0.0013% | 1h | 0.2189 | +0.011% | $9K | $2.2M | 5x | as long as short |
| Gate ARB_USDT | +0.0016% | 8h | 0.2190 | +0.038% | $5.4M | $18.3M | 60x | as long as short |
| BloFin ARB-USDT | +0.0026% | 8h | 0.2190 | +0.034% | $3.0M | $2.3M | 75x | as long as short |
| RISEx ARB/USDC | +0.0069% | 1h | 0.2190 | +0.051% | $488K | $2.6M | 10x | as long as short |
| BingX ARB-USDC | +0.0074% | 8h | 0.2189 | −0.012% | — | $6.5M | — | as long as short |
| Bitget ARBUSDT | +0.0076% | 8h | 0.2189 | −0.003% | $21.1M | $34.7M | 50x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2189 | +0.008% | $139K | $7K | 3x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0093% | 1h | 0.2191 | +0.070% | $1.1M | $4.4M | 50x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2190 | +0.029% | $1.2M | $5.4M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2191 | +0.107% | $37.0M | $49.4M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2190 | +0.056% | $629K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2191 | +0.072% | $42K | $148K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2191 | +0.079% | $19.5M | $14.2M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2186 | −0.119% | $39K | $462K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2189 | +0.018% | $467K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2186 | −0.140% | $118K | $279K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2192 | +0.134% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2190 | +0.020% | $292K | $833K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2189 | −0.003% | $4.8M | $12.8M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC]long | L +0.0276% / S −0.0158% | 1h | 0.2189 | long leg | $826K | — | 150x | |
| Reya ARBRUSDPERP | +0.0288% | 1h | 0.2188 | −0.039% | $2K | $695 | 20x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0336% | 1h | 0.2195 | +0.271% | $523K | $1.5M | 50x | as long as short |
| Backpack ARB_USDC_PERP | +0.0771% | 1h | 0.2193 | +0.171% | $985K | $2.8M | 20x | as long as short |
gTrade (Gains Network) ARB/USD
Binance ARBUSDT
Extended ARB-USD
SoDEX ARB-USD
Gate ARB_USDT
BloFin ARB-USDT
RISEx ARB/USDC
BingX ARB-USDC
Bitget ARBUSDT
Aevo ARB-PERP
Kraken Futures PF_ARBUSD
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
Reya ARBRUSDPERP
Coinbase International ARB-PERP-INTX
Backpack ARB_USDC_PERP