Funding you earn now, next payment 03:00 UTC+0.0059%/8h= +6.5% APRnext payment +$0.07 per $10,000 · paid last 24h +0.010%
Price spread now: GMX against Lighter+0.083%7-day average +0.004% · 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)+0.066%+$7 on $10k
+Price spread, last 4 days (all we have)+1.000%+$100 · spread now +0.083%, 7d avg +0.004%
=Together, before fees+1.067%+ Points / potential airdropLighter: Season 3 · farm board+$107 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and GMX is 0.079% dearer against Lighter than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.004%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ARB | 0.2215 | 0.0096 | pay 0.0012% / 1h | 41m 00s | $1.2M | $6.4M | 15x |
| Short | GMX ARB/USD [ARB-USDC] | 0.2217 | L +0.0273% / S −0.0155% | get 0.0019% / 1h | 41m 00s | $827K | — | 150x |
Lighter ARB
GMX ARB/USD [ARB-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Lighter. 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
- $12.48
- Price spread: +0.083% → +0.004%
- $7.88
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $8.36
- Costs to cover
- 0.120%
- Break-even
- 2.3 days
Slippage unknown: Lighter: live order book, 7 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 Lighter live order book, 7 min ago | 1.36 bp | 11.7 bp −$12 | 26.1 bp −$261 | 104.6 bp −$10.5K | 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 | −0.1577% | 1h | 0.2205 | −0.460% | $40K | $372K | 12x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0246% | 1h | 0.2215 | +0.005% | $24K | $34K | 25x | as long as short |
| Variational Omni ARB | −0.0150% | 8h | 0.2215 | −0.017% | $1.9M | $2.9M | — | as long as short |
| SoDEX ARB-USD | −0.0136% | 1h | 0.2215 | −0.032% | $10K | $2.4M | 5x | as long as short |
| OKX ARB-USDT-SWAP | −0.0133% | 8h | 0.2215 | −0.032% | $22.2M | $151.6M | 50x | as long as short |
| MEXC ARB_USDT | −0.0133% | 8h | 0.2214 | −0.050% | $38.3M | $59.1M | 200x | as long as short |
| 01 Exchange ARBUSD | −0.0128% | 1h | 0.2215 | −0.014% | $7K | $2K | 10x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0098% | 1h | 0.2216 | +0.049% | $1.1M | $4.6M | 50x | as long as short |
| Bybit ARBUSDT | −0.0086% | 8h | 0.2214 | −0.036% | $56.3M | $126.4M | 50x | as long as short |
| Polymarket Perps ARB-USD | −0.0083% | 1h | 0.2215 | +0.005% | $96K | $2.1M | 10x | as long as short |
Injective ARB/USDC PERP
Deribit ARB_USDC-PERPETUAL
Variational Omni ARB
SoDEX ARB-USD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
01 Exchange ARBUSD
Kraken Futures PF_ARBUSD
Bybit ARBUSDT
Polymarket Perps ARB-USDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ARB_USDT | −0.0082% | 8h | 0.2214 | −0.041% | $5.4M | $19.0M | 60x | as long as short |
| Orderly PERP_ARB_USDC | −0.0072% | 8h | 0.2216 | +0.036% | $12K | $384K | 10x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2216 | +0.018% | $66K | $5K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0013% | 1h | 0.2217 | +0.081% | $11K | — | 150x | as long as short |
| Binance ARBUSDT | +0.0006% | 8h | 0.2215 | −0.013% | $64.5M | $308.7M | 75x | as long as short |
| Extended ARB-USD | +0.0008% | 1h | 0.2214 | −0.067% | $353K | $2.5M | 25x | as long as short |
| ApeX Omni ARBUSDT | +0.0022% | 1h | 0.2223 | +0.352% | $120K | $283K | 50x | as long as short |
| BloFin ARB-USDT | +0.0022% | 8h | 0.2214 | −0.063% | $3.1M | $2.7M | 75x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2216 | +0.054% | $141K | $7K | 3x | as long as short |
| Lighter ARBlong | +0.0096% | 1h | 0.2215 | long leg | $1.2M | $6.4M | 15x | |
| Bitget ARBUSDT | +0.0099% | 8h | 0.2214 | −0.054% | $21.2M | $35.0M | 50x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2215 | +0.005% | $38.4M | $49.9M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2216 | +0.026% | $657K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2215 | −0.020% | $42K | $179K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2215 | +0.014% | $19.6M | $15.5M | 75x | as long as short |
| BingX ARB-USDT | +0.0100% | 8h | 0.2214 | −0.036% | — | $53.9M | — | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2222 | +0.291% | $40K | $460K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2221 | +0.280% | $477K | $3.6M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2218 | +0.126% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2216 | +0.050% | $297K | $946K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2215 | −0.009% | $5.0M | $12.9M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0224% | 1h | 0.2224 | +0.402% | $508K | $2.1M | 50x | as long as short |
| RISEx ARB/USDC | +0.0232% | 1h | 0.2217 | +0.088% | $488K | $2.7M | 10x | as long as short |
| GMX ARB/USD [ARB-USDC]short | L +0.0273% / S −0.0155% | 1h | 0.2217 | +0.083% | $827K | — | 150x | |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2215 | −0.025% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0554% | 1h | 0.2217 | +0.095% | $999K | $2.8M | 20x | as long as short |
Gate ARB_USDT
Orderly PERP_ARB_USDC
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Binance ARBUSDT
Extended ARB-USD
ApeX Omni ARBUSDT
BloFin ARB-USDT
Aevo ARB-PERP
Bitget ARBUSDT
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
BingX ARB-USDT
edgeX ARBUSDC
GRVT ARB_USDT_Perp
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
Coinbase International ARB-PERP-INTX
RISEx ARB/USDC
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP