Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0086%/8h= +9.4% APRpaid last 24h +0.018%

Price spread now: GMX against SunX−0.075%7-day average −0.067% · you buy dearer than you sell

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

Long on SunX Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.072%+$7 on $10k

Price spread, last 3 days (all we have)−0.316%−$32 · spread now −0.075%, 7d avg −0.067%

Together, before fees−0.244%−$24 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.067%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ARB-USDT	0.2267	0.0100	pay 0.0100% / 8h	7m 33s	$2K	$1.1M	30x
Short	GMX ARB/USD [ARB-USDC]	0.2265	L +0.0297% / S −0.0186%	get 0.0023% / 1h	7m 33s	$926K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against SunX. 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 SunXbpFee GMXbpOrdersPrice spread, now −0.075%Rate

Funding earned: $18.07
Price spread: −0.075% → −0.067%: −$0.8
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: −$2.72
Costs to cover: 0.200%
Break-even: 8.1 days

Slippage unknown: SunX: live order book, 6 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 SunX live order book, 6 min ago	30.82 bp	60.4 bp −$60	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 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	−0.1785%	1h	0.2256	−0.485%	$41K	$372K	12x	as long as short
Polymarket Perps ARB-USD	−0.0242%	1h	0.2264	−0.150%	$66K	$2.0M	10x	as long as short
01 Exchange ARBUSD	−0.0208%	1h	0.2260	−0.309%	$7K	$2K	10x	as long as short
Variational Omni ARB	−0.0192%	8h	0.2264	−0.153%	$2.0M	$2.8M	—	as long as short
Bybit ARBUSDT	−0.0180%	8h	0.2261	−0.287%	$58.2M	$128.1M	50x	as long as short
SoDEX ARB-USD	−0.0179%	1h	0.2264	−0.132%	$4K	$2.6M	5x	as long as short
OKX ARB-USDT-SWAP	−0.0113%	8h	0.2261	−0.265%	$22.8M	$159.0M	50x	as long as short
MEXC ARB_USDT	−0.0112%	8h	0.2261	−0.247%	$38.5M	$60.1M	200x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0103%	1h	0.2265	−0.110%	$25K	$34K	25x	as long as short
Orderly PERP_ARB_USDC	−0.0041%	8h	0.2264	−0.132%	$13K	$394K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ARB_USDT	−0.0016%	8h	0.2261	−0.243%	$5.4M	$20.3M	60x	as long as short
Binance ARBUSDT	0.0000%	8h	0.2260	−0.290%	$66.5M	$313.3M	75x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2263	−0.192%	$67K	$4K	10x	as long as short
Extended ARB-USD	0.0000%	1h	0.2260	−0.311%	$361K	$2.3M	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2266	−0.061%	$56K	—	150x	as long as short
BloFin ARB-USDT	+0.0011%	8h	0.2262	−0.221%	$3.1M	$2.8M	75x	as long as short
Bitget ARBUSDT	+0.0053%	8h	0.2260	−0.309%	$21.3M	$35.9M	50x	as long as short
BingX ARB-USDC	+0.0059%	8h	0.2260	−0.313%	—	$6.5M	—	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2265	−0.099%	$148K	$12K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2264	−0.150%	$1.4M	$7.5M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2266	−0.057%	$41.0M	$47.6M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2264	−0.141%	$706K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2263	−0.157%	$47K	$183K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2264	−0.150%	$19.7M	$16.1M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2263	−0.196%	$40K	$461K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2263	−0.176%	$485K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2264	−0.132%	$122K	$295K	50x	as long as short
SunX ARB-USDTlong	+0.0100%	8h	0.2267	long leg	$2K	$1.1M	30x
HTX ARB-USDT	+0.0100%	8h	0.2265	−0.097%	$291K	$1.1M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2263	−0.176%	$5.2M	$13.0M	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0216%	1h	0.2268	+0.044%	$512K	$2.3M	50x	as long as short
Kraken Futures PF_ARBUSD	+0.0236%	1h	0.2266	−0.032%	$1.1M	$4.9M	50x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2263	−0.168%	$2K	$695	20x	as long as short
GMX ARB/USD [ARB-USDC]short	L +0.0297% / S −0.0186%	1h	0.2265	−0.075%	$926K	—	150x
RISEx ARB/USDC	+0.0330%	1h	0.2263	−0.192%	$514K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0462%	1h	0.2268	+0.049%	$1.0M	$2.8M	20x	as long as short