Funding you earn now, next payment 22:00 UTC+0.0134%/8h= +14.7% APRnext payment +$0.17 per $10,000 · paid last 24h +0.068%
Price spread now: GMX against SoDEX+0.081%7-day average +0.030% · 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)+0.150%+$15 on $10k
+Price spread, last 3 days (all we have)−0.720%−$72 · spread now +0.081%, 7d avg +0.030%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and GMX is 0.051% dearer against SoDEX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.030%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX ARB-USD | 0.2240 | −0.0115 | get 0.0014% / 1h | 22m 44s | $4K | $2.9M | 5x |
| Short | GMX ARB/USD [ARB-USDC] | 0.2242 | L +0.0154% / S −0.0018% | get 0.0002% / 1h | 22m 44s | $850K | — | 150x |
SoDEX ARB-USD
GMX ARB/USD [ARB-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against SoDEX. 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
- $28.11
- Price spread: +0.081% → +0.030%
- $5.1
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $13.21
- Costs to cover
- 0.200%
- Break-even
- 3.7 days
Slippage unknown: SoDEX: live order book, 1 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 SoDEX live order book, 1 min ago | 0.22 bp | 5.7 bp −$6 | 18.1 bp −$181 | 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 | −0.1675% | 1h | 0.2232 | −0.353% | $40K | $197K | 12x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0330% | 1h | 0.2241 | +0.071% | $38K | $20K | 25x | as long as short |
| 01 Exchange ARBUSD | −0.0288% | 1h | 0.2240 | 0.000% | $7K | $2K | 10x | as long as short |
| Variational Omni ARB | −0.0169% | 8h | 0.2250 | +0.452% | $1.9M | $2.8M | — | as long as short |
| Bybit ARBUSDT | −0.0164% | 8h | 0.2242 | +0.112% | $56.4M | $135.9M | 50x | as long as short |
| SoDEX ARB-USDlong | −0.0115% | 1h | 0.2240 | long leg | $4K | $2.9M | 5x | |
| OKX ARB-USDT-SWAP | −0.0095% | 8h | 0.2242 | +0.098% | $22.3M | $165.3M | 50x | as long as short |
| MEXC ARB_USDT | −0.0095% | 8h | 0.2242 | +0.107% | $37.4M | $63.7M | 200x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0053% | 1h | 0.2242 | +0.073% | $1.1M | $5.2M | 50x | as long as short |
| Polymarket Perps ARB-USD | −0.0022% | 1h | 0.2240 | +0.004% | $77K | $2.2M | 10x | as long as short |
Injective ARB/USDC PERP
Deribit ARB_USDC-PERPETUAL
01 Exchange ARBUSD
Variational Omni ARB
Bybit ARBUSDT
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Kraken Futures PF_ARBUSD
Polymarket Perps ARB-USDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ARB_USDC | −0.0017% | 8h | 0.2241 | +0.049% | $11K | $388K | 10x | as long as short |
| Binance ARBUSDT | −0.0003% | 8h | 0.2242 | +0.094% | $63.8M | $324.7M | 75x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2243 | +0.134% | $66K | $4K | 10x | as long as short |
| Extended ARB-USD | 0.0000% | 1h | 0.2241 | +0.052% | $357K | $2.4M | 25x | as long as short |
| BloFin ARB-USDT | +0.0001% | 8h | 0.2240 | +0.022% | $3.0M | $3.3M | 75x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2242 | +0.098% | $56K | — | 150x | as long as short |
| Gate ARB_USDT | +0.0010% | 8h | 0.2242 | +0.076% | $5.5M | $21.6M | 60x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2243 | +0.134% | $147K | $12K | 3x | as long as short |
| BingX ARB-USDT | +0.0085% | 8h | 0.2241 | +0.049% | — | $54.0M | — | as long as short |
| Bitget ARBUSDT | +0.0086% | 8h | 0.2241 | +0.049% | $21.0M | $38.4M | 50x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2243 | +0.156% | $1.3M | $7.7M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2245 | +0.214% | $40.1M | $52.8M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2242 | +0.103% | $697K | $1.8M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2243 | +0.156% | $47K | $200K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2243 | +0.152% | $20.7M | $17.0M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2250 | +0.441% | $40K | $454K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2250 | +0.452% | $485K | $4.1M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2251 | +0.496% | $122K | $297K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2241 | +0.049% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2240 | +0.027% | $276K | $1.2M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2241 | +0.049% | $5.3M | $13.8M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC]short | L +0.0154% / S −0.0018% | 1h | 0.2242 | +0.081% | $850K | — | 150x | |
| Coinbase International ARB-PERP-INTX | +0.0288% | 1h | 0.2244 | +0.183% | $500K | $2.5M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0291% | 1h | 0.2240 | −0.006% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDC | +0.0546% | 1h | 0.2243 | +0.144% | $494K | $2.9M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0561% | 1h | 0.2244 | +0.183% | $1.1M | $2.7M | 20x | as long as short |
Orderly PERP_ARB_USDC
Binance ARBUSDT
dYdX ARB-USD
Extended ARB-USD
BloFin ARB-USDT
gTrade (Gains Network) ARB/USD
Gate ARB_USDT
Aevo ARB-PERP
BingX ARB-USDT
Bitget ARBUSDT
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
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
RISEx ARB/USDC
Backpack ARB_USDC_PERP