Funding you earn now, next payment 01:00 UTC+0.0086%/8h= +9.4% APRpaid last 24h +0.018%
Price spread now: GMX against KuCoin+0.198%7-day average +0.011% · 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)+0.064%+$6 on $10k
+Price spread, last 3 days (all we have)+0.047%+$5 · spread now +0.198%, 7d avg +0.011%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and GMX is 0.187% dearer against KuCoin than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of +0.011%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ARBUSDTM | 0.2263 | 0.0100 | pay 0.0100% / 8h | 7h 06m | $19.7M | $15.8M | 75x |
| Short | GMX ARB/USD [ARB-USDC] | 0.2268 | L +0.0296% / S −0.0186% | get 0.0023% / 1h | 6m 36s | $926K | — | 150x |
KuCoin ARBUSDTM
GMX ARB/USD [ARB-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against KuCoin. 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
- $17.96
- Price spread: +0.198% → +0.011%
- $18.75
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $12.71
- Costs to cover
- 0.240%
- Break-even
- 2.0 days
Slippage unknown: KuCoin: live order book, 2 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 KuCoin live order book, 2 min ago | 0.66 bp | 23.8 bp −$24 | 45.3 bp −$453 | 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 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 | −0.1666% | 1h | 0.2253 | −0.464% | $41K | $372K | 12x | as long as short |
| Variational Omni ARB | −0.0201% | 8h | 0.2267 | +0.136% | $2.0M | $2.8M | — | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0191% | 1h | 0.2267 | +0.150% | $25K | $34K | 25x | as long as short |
| 01 Exchange ARBUSD | −0.0152% | 1h | 0.2258 | −0.243% | $7K | $2K | 10x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0137% | 1h | 0.2269 | +0.236% | $1.2M | $4.9M | 50x | as long as short |
| OKX ARB-USDT-SWAP | −0.0109% | 8h | 0.2259 | −0.216% | $23.0M | $157.3M | 50x | as long as short |
| MEXC ARB_USDT | −0.0109% | 8h | 0.2260 | −0.155% | $39.5M | $59.5M | 200x | as long as short |
| Bybit ARBUSDT | −0.0108% | 8h | 0.2258 | −0.252% | $58.8M | $126.8M | 50x | as long as short |
| SoDEX ARB-USD | −0.0074% | 1h | 0.2266 | +0.106% | $10K | $2.5M | 5x | as long as short |
| Orderly PERP_ARB_USDC | −0.0050% | 8h | 0.2266 | +0.110% | $13K | $389K | 10x | as long as short |
Injective ARB/USDC PERP
Variational Omni ARB
Deribit ARB_USDC-PERPETUAL
01 Exchange ARBUSD
Kraken Futures PF_ARBUSD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Bybit ARBUSDT
SoDEX ARB-USD
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 | 0.2262 | −0.085% | $67K | $4K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0013% | 1h | 0.2268 | +0.199% | $11K | — | 150x | as long as short |
| Binance ARBUSDT | +0.0021% | 8h | 0.2259 | −0.219% | $66.8M | $310.7M | 75x | as long as short |
| Extended ARB-USD | +0.0024% | 1h | 0.2260 | −0.165% | $360K | $2.5M | 25x | as long as short |
| BloFin ARB-USDT | +0.0084% | 8h | 0.2265 | +0.062% | $3.2M | $2.9M | 75x | as long as short |
| Aevo ARB-PERP | +0.0088% | 1h | 0.2268 | +0.182% | $144K | $7K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2264 | +0.035% | $1.4M | $7.3M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2265 | +0.062% | $41.1M | $47.2M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2265 | +0.050% | $706K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2262 | −0.048% | $45K | $183K | 10x | as long as short |
| Gate ARB_USDT | +0.0100% | 8h | 0.2261 | −0.110% | $5.5M | $20.0M | 60x | as long as short |
| KuCoin ARBUSDTMlong | +0.0100% | 8h | 0.2263 | long leg | $19.7M | $15.8M | 75x | |
| Bitget ARBUSDT | +0.0100% | 8h | 0.2261 | −0.110% | $21.7M | $35.7M | 50x | as long as short |
| BingX ARB-USDT | +0.0100% | 8h | 0.2260 | −0.141% | — | $54.4M | — | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2273 | +0.418% | $41K | $462K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2275 | +0.510% | $488K | $3.5M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2273 | +0.420% | $122K | $296K | 50x | as long as short |
| Polymarket Perps ARB-USD | +0.0100% | 1h | 0.2267 | +0.146% | $65K | $2.0M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2269 | +0.243% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2267 | +0.146% | $295K | $976K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2269 | +0.243% | $5.2M | $12.9M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0232% | 1h | 0.2267 | +0.155% | $521K | $2.3M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2265 | +0.070% | $2K | $695 | 20x | as long as short |
| GMX ARB/USD [ARB-USDC]short | L +0.0296% / S −0.0186% | 1h | 0.2268 | +0.198% | $926K | — | 150x | |
| RISEx ARB/USDC | +0.0384% | 1h | 0.2262 | −0.051% | $517K | $2.6M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0591% | 1h | 0.2268 | +0.221% | $1.0M | $2.8M | 20x | as long as short |
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Binance ARBUSDT
Extended ARB-USD
BloFin ARB-USDT
Aevo ARB-PERP
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
Gate ARB_USDT
Bitget ARBUSDT
BingX ARB-USDT
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
Polymarket Perps ARB-USD
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
RISEx ARB/USDC
Backpack ARB_USDC_PERP