Funding you earn now, next payment 04:00 UTC+0.0281%/8h= +30.7% APRpaid last 24h +0.048%
Price spread now: GMX against Variational Omni−0.168%7-day average +0.033% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.116%+$12 on $10k
+Price spread, last 4 days (all we have)+0.900%+$90 · spread now −0.168%, 7d avg +0.033%
=Together, before fees+1.016%+ Points / potential airdropVariational Omni: Active · farm board+$102 on $10k · with fees, hour by hour
Funding pays, the price is against you. GMX is 0.201% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.168% now, against its 7-day average of +0.033%). If the spread goes back, that is −$20 on $10k: about 2.4 days of funding at the current rate (+$8 a day). At the pace of the last 3 days (+0.116% in total) that is about 5.7 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni ARB | 0.2208 | −0.0125 | get 0.0125% / 8h | 4h 53m | $1.8M | $2.9M | — |
| Short | GMX ARB/USD [ARB-USDC] | 0.2204 | L +0.0273% / S −0.0155% | get 0.0019% / 1h | 53m 18s | $823K | — | 150x |
Variational Omni ARB
GMX ARB/USD [ARB-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Variational Omni. 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
- $58.91
- Price spread: −0.168% → +0.033%
- −$20.14
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $26.78
- Costs to cover
- 0.120%
- Break-even
- 3.8 days
Slippage unknown: Variational Omni: RFQ quote, 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 Variational Omni RFQ quote, 1 min ago | 4.53 bp | doesn't fit | 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 | −0.1649% | 1h | 0.2196 | −0.529% | $40K | $372K | 12x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0204% | 1h | 0.2203 | −0.190% | $24K | $34K | 25x | as long as short |
| MEXC ARB_USDT | −0.0142% | 8h | 0.2204 | −0.171% | $41.0M | $59.5M | 200x | as long as short |
| OKX ARB-USDT-SWAP | −0.0141% | 8h | 0.2203 | −0.208% | $22.2M | $148.1M | 50x | as long as short |
| Variational Omni ARBlong | −0.0125% | 8h | 0.2208 | long leg | $1.8M | $2.9M | — | |
| 01 Exchange ARBUSD | −0.0112% | 1h | 0.2204 | −0.162% | $7K | $2K | 10x | as long as short |
| Gate ARB_USDT | −0.0102% | 8h | 0.2205 | −0.126% | $5.4M | $18.6M | 60x | as long as short |
| SoDEX ARB-USD | −0.0086% | 1h | 0.2203 | −0.203% | $10K | $2.3M | 5x | as long as short |
| Orderly PERP_ARB_USDC | −0.0078% | 8h | 0.2204 | −0.167% | $13K | $388K | 10x | as long as short |
| Bybit ARBUSDT | −0.0048% | 8h | 0.2204 | −0.171% | $55.9M | $125.8M | 50x | as long as short |
Injective ARB/USDC PERP
Deribit ARB_USDC-PERPETUAL
MEXC ARB_USDT
OKX ARB-USDT-SWAP
01 Exchange ARBUSD
Gate ARB_USDT
SoDEX ARB-USD
Orderly PERP_ARB_USDC
Bybit ARBUSDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ARBUSD | −0.0006% | 1h | 0.2205 | −0.115% | $1.1M | $4.4M | 50x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2206 | −0.076% | $65K | $5K | 10x | as long as short |
| Polymarket Perps ARB-USD | +0.0002% | 1h | 0.2205 | −0.140% | $70K | $2.2M | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0012% | 1h | 0.2204 | −0.148% | $10K | — | 150x | as long as short |
| Binance ARBUSDT | +0.0014% | 8h | 0.2204 | −0.146% | $64.3M | $306.6M | 75x | as long as short |
| Extended ARB-USD | +0.0016% | 1h | 0.2203 | −0.234% | $351K | $2.5M | 25x | as long as short |
| ApeX Omni ARBUSDT | +0.0046% | 1h | 0.2199 | −0.393% | $119K | $283K | 50x | as long as short |
| BloFin ARB-USDT | +0.0055% | 8h | 0.2203 | −0.190% | $3.1M | $2.6M | 75x | as long as short |
| Bitget ARBUSDT | +0.0068% | 8h | 0.2205 | −0.122% | $21.0M | $34.6M | 50x | as long as short |
| BingX ARB-USDC | +0.0070% | 8h | 0.2204 | −0.158% | — | $6.5M | — | as long as short |
| Aevo ARB-PERP | +0.0088% | 1h | 0.2205 | −0.138% | $140K | $7K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2203 | −0.212% | $1.2M | $5.7M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2206 | −0.081% | $38.1M | $48.6M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2205 | −0.136% | $637K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2206 | −0.063% | $43K | $169K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2206 | −0.094% | $19.5M | $15.2M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2206 | −0.057% | $40K | $461K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2197 | −0.471% | $467K | $3.6M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2208 | +0.014% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2204 | −0.162% | $299K | $956K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2203 | −0.212% | $4.9M | $12.9M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0224% | 1h | 0.2211 | +0.150% | $495K | $2.0M | 50x | as long as short |
| RISEx ARB/USDC | +0.0225% | 1h | 0.2205 | −0.099% | $482K | $2.6M | 10x | as long as short |
| GMX ARB/USD [ARB-USDC]short | L +0.0273% / S −0.0155% | 1h | 0.2204 | −0.168% | $823K | — | 150x | |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2204 | −0.176% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0640% | 1h | 0.2210 | +0.105% | $995K | $2.8M | 20x | as long as short |
Kraken Futures PF_ARBUSD
dYdX ARB-USD
Polymarket Perps ARB-USD
gTrade (Gains Network) ARB/USD
Binance ARBUSDT
Extended ARB-USD
ApeX Omni ARBUSDT
BloFin ARB-USDT
Bitget ARBUSDT
BingX ARB-USDC
Aevo ARB-PERP
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
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