Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0102%/8h= +11.2% APRpaid last 24h +0.055%

Price spread now: GMX against MEXC+0.109%7-day average +0.042% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.118%+$12 on $10k

Price spread, last 3 days (all we have)+0.549%+$55 · spread now +0.109%, 7d avg +0.042%

Together, before fees+0.668%+$67 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and GMX is 0.067% dearer against MEXC than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ARB_USDT	0.2247	−0.0084	get 0.0084% / 8h	2h 29m	$37.8M	$63.6M	200x
Short	GMX ARB/USD [ARB-USDC]	0.2249	L +0.0154% / S −0.0018%	get 0.0002% / 1h	29m 12s	$852K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee MEXCbpFee GMXbpOrdersPrice spread, now +0.109%Rate

Funding earned: $21.51
Price spread: +0.109% → +0.042%: $6.67
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: $16.18
Costs to cover: 0.120%
Break-even: 1.7 days

Slippage unknown: MEXC: live order book, 5 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 MEXC live order book, 5 min ago	0.22 bp	0.3 bp $0	7.5 bp −$75	39.5 bp −$3,950	74.2 bp −$37.1K
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	−0.1675%	1h	0.2239	−0.338%	$40K	$197K	12x	as long as short
01 Exchange ARBUSD	−0.0288%	1h	0.2250	+0.147%	$7K	$2K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0194%	1h	0.2249	+0.107%	$38K	$20K	25x	as long as short
Bybit ARBUSDT	−0.0186%	8h	0.2247	+0.027%	$56.6M	$136.1M	50x	as long as short
Variational Omni ARB	−0.0172%	8h	0.2249	+0.113%	$1.9M	$2.8M	—	as long as short
OKX ARB-USDT-SWAP	−0.0086%	8h	0.2246	−0.013%	$22.4M	$166.1M	50x	as long as short
MEXC ARB_USDTlong	−0.0084%	8h	0.2247	long leg	$37.8M	$63.6M	200x
SoDEX ARB-USD	−0.0078%	1h	0.2248	+0.045%	$4K	$2.9M	5x	as long as short
Kraken Futures PF_ARBUSD	−0.0053%	1h	0.2248	+0.084%	$1.1M	$5.2M	50x	as long as short
Orderly PERP_ARB_USDC	−0.0013%	8h	0.2248	+0.062%	$10K	$387K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps ARB-USD	−0.0004%	1h	0.2248	+0.067%	$78K	$2.2M	10x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2248	+0.071%	$66K	$4K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2250	+0.129%	$59K	—	150x	as long as short
Extended ARB-USD	+0.0008%	1h	0.2247	+0.036%	$358K	$2.4M	25x	as long as short
Binance ARBUSDT	+0.0011%	8h	0.2248	+0.047%	$63.9M	$325.3M	75x	as long as short
Gate ARB_USDT	+0.0012%	8h	0.2248	+0.067%	$5.5M	$21.6M	60x	as long as short
BloFin ARB-USDT	+0.0043%	8h	0.2247	+0.036%	$3.0M	$3.3M	75x	as long as short
Bitget ARBUSDT	+0.0085%	8h	0.2247	+0.018%	$21.1M	$38.5M	50x	as long as short
BingX ARB-USDT	+0.0085%	8h	0.2248	+0.045%	—	$54.0M	—	as long as short
Aevo ARB-PERP	+0.0088%	1h	0.2250	+0.154%	$147K	$12K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2249	+0.102%	$1.3M	$7.7M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2250	+0.165%	$40.2M	$53.2M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2249	+0.120%	$700K	$1.8M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2248	+0.067%	$47K	$200K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2250	+0.138%	$20.8M	$17.0M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2249	+0.094%	$36K	$453K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2249	+0.111%	$480K	$4.1M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2248	+0.062%	$122K	$297K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2248	+0.062%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2248	+0.053%	$276K	$1.2M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2247	+0.018%	$5.3M	$13.8M	50x	as long as short
GMX ARB/USD [ARB-USDC]short	L +0.0154% / S −0.0018%	1h	0.2249	+0.109%	$852K	—	150x
Coinbase International ARB-PERP-INTX	+0.0288%	1h	0.2252	+0.258%	$502K	$2.5M	50x	as long as short
Reya ARBRUSDPERP	+0.0291%	1h	0.2247	+0.033%	$2K	$695	20x	as long as short
RISEx ARB/USDC	+0.0546%	1h	0.2251	+0.207%	$495K	$2.9M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0578%	1h	0.2252	+0.227%	$1.1M	$2.7M	20x	as long as short