Funding you earn now, next payment 02:00 UTC+0.1847%/8h= +202.3% APRnext payment +$2.31 per $10,000 · paid last 24h +0.533%
Price spread now: GMX against Injective+0.486%7-day average +0.451% · 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)+1.796%+$180 on $10k
+Price spread, last 3 days (all we have)−0.147%−$15 · spread now +0.486%, 7d avg +0.451%
=Both sides work for this trade now. Funding pays +$55 a day on $10k at the current rate, and GMX is 0.036% dearer against Injective than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.451%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective ARB/USDC PERP | 0.2211 | −0.1692 | get 0.0211% / 1h | 5m 23s | $40K | $372K | 12x |
| Short | GMX ARB/USD [ARB-USDC] | 0.2222 | L +0.0273% / S −0.0155% | get 0.0019% / 1h | 5m 23s | $829K | — | 150x |
Injective ARB/USDC PERP
GMX ARB/USD [ARB-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Injective. 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
- $387.92
- Price spread: +0.486% → +0.451%
- $3.57
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $379.47
- Costs to cover
- 0.120%
- Break-even
- 0.2 days
Slippage unknown: Injective: live order book, 64 min ago; GMX: 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 Injective live order book, 64 min ago | 50.63 bp | 50.6 bp −$51 | doesn't fit | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
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 35 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 PERPlong | −0.1692% | 1h | 0.2211 | long leg | $40K | $372K | 12x | |
| SoDEX ARB-USD | −0.0218% | 1h | 0.2221 | +0.448% | $10K | $2.5M | 5x | as long as short |
| 01 Exchange ARBUSD | −0.0216% | 1h | 0.2220 | +0.384% | $7K | $2K | 10x | as long as short |
| Variational Omni ARB | −0.0156% | 8h | 0.2220 | +0.392% | $1.9M | $2.9M | — | as long as short |
| OKX ARB-USDT-SWAP | −0.0130% | 8h | 0.2219 | +0.357% | $22.4M | $155.4M | 50x | as long as short |
| MEXC ARB_USDT | −0.0129% | 8h | 0.2219 | +0.380% | $38.9M | $60.3M | 200x | as long as short |
| Orderly PERP_ARB_USDC | −0.0069% | 8h | 0.2220 | +0.407% | $13K | $383K | 10x | as long as short |
| Gate ARB_USDT | −0.0049% | 8h | 0.2220 | +0.416% | $5.4M | $20.0M | 60x | as long as short |
| Bybit ARBUSDT | −0.0042% | 8h | 0.2219 | +0.380% | $56.6M | $128.2M | 50x | as long as short |
| Binance ARBUSDT | −0.0002% | 8h | 0.2220 | +0.408% | $64.6M | $315.6M | 75x | as long as short |
SoDEX ARB-USD
01 Exchange ARBUSD
Variational Omni ARB
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Orderly PERP_ARB_USDC
Gate ARB_USDT
Bybit ARBUSDT
Binance ARBUSDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2221 | +0.446% | $66K | $5K | 10x | as long as short |
| Extended ARB-USD | 0.0000% | 1h | 0.2219 | +0.372% | $352K | $2.5M | 25x | as long as short |
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2221 | +0.466% | $24K | $34K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0011% | 1h | 0.2221 | +0.465% | $10K | — | 150x | as long as short |
| Phemex ARBUSDT | +0.0067% | 8h | 0.2220 | +0.407% | $5.0M | $12.9M | 50x | as long as short |
| ApeX Omni ARBUSDT | +0.0076% | 1h | 0.2220 | +0.407% | $120K | $285K | 50x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2222 | +0.502% | $141K | $7K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2221 | +0.434% | $1.2M | $7.4M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2222 | +0.484% | $38.7M | $51.4M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2220 | +0.414% | $659K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2220 | +0.394% | $42K | $183K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2221 | +0.443% | $19.6M | $15.7M | 75x | as long as short |
| Bitget ARBUSDT | +0.0100% | 8h | 0.2220 | +0.407% | $21.3M | $36.1M | 50x | as long as short |
| BingX ARB-USDC | +0.0100% | 8h | 0.2219 | +0.375% | — | $6.5M | — | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2218 | +0.310% | $40K | $462K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2206 | −0.220% | $479K | $3.7M | 10x | as long as short |
| Polymarket Perps ARB-USD | +0.0100% | 1h | 0.2221 | +0.443% | $98K | $2.1M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2222 | +0.498% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2223 | +0.525% | $298K | $991K | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0240% | 1h | 0.2225 | +0.633% | $508K | $2.1M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC]short | L +0.0273% / S −0.0155% | 1h | 0.2222 | +0.486% | $829K | — | 150x | |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2220 | +0.400% | $2K | $695 | 20x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0311% | 1h | 0.2222 | +0.507% | $1.1M | $4.7M | 50x | as long as short |
| RISEx ARB/USDC | +0.0466% | 1h | 0.2221 | +0.435% | $479K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0540% | 1h | 0.2224 | +0.574% | $1.0M | $2.8M | 20x | as long as short |
dYdX ARB-USD
Extended ARB-USD
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Phemex ARBUSDT
ApeX Omni ARBUSDT
Aevo ARB-PERP
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
Bitget ARBUSDT
BingX ARB-USDC
edgeX ARBUSDC
GRVT ARB_USDT_Perp
Polymarket Perps ARB-USD
SunX ARB-USDT
HTX ARB-USDT
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
Kraken Futures PF_ARBUSD
RISEx ARB/USDC
Backpack ARB_USDC_PERP