Funding you earn now, next payment 23:00 UTC−0.0651%/8h= −71.2% APRpaid last 24h −0.181%
Price spread now: GMX against Bitget+0.165%54s7-day average +0.093% · 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)−0.627%−$63 on $10k
+Price spread, last 3 days (all we have)+0.150%+$15 · spread now +0.165%, 7d avg +0.093%
=The price spread pays, funding is against you. GMX is 0.073% dearer against Bitget than usual: you sell high and buy low (spread +0.165% now, against its 7-day average of +0.093%): +$7 on $10k if it goes back. Holding the pair costs −$20 a day in funding at the current rate, which eats that in about 9 hours. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget ARUSDT | 4.5040 | 0.0100 | pay 0.0100% / 8h | 1h 27m | $3.8M | $5.5M | 75x |
| Short | GMX AR/USD [WBTC.b-USDC] | 4.5114 | L −0.0140% / S +0.0551% | pay 0.0069% / 1h | 27m 34s | $580K | — | 50x |
Bitget ARUSDT
GMX AR/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Bitget. 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
- −$136.63
- Price spread: +0.165% → +0.093%
- $7.28
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$153.35
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: Bitget: 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 Bitget live order book, 6 min ago | 3.34 bp | 21.5 bp −$21 | 63.4 bp −$634 | 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.
AR on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ARUSD | −0.1919% | 1h | 4.5085 | +0.099% | $47K | $155K | 20x | as long as short |
| GMX AR/USD [WBTC.b-USDC]short | L −0.0140% / S +0.0551% | 1h | 4.5114 | +0.165% | $580K | — | 50x | |
| Injective AR/USDC PERP | +0.0033% | 1h | 4.5720 | +1.510% | $3K | $339 | 5.5x | as long as short |
| OKX AR-USDT-SWAP | +0.0070% | 8h | 4.5060 | +0.044% | $2.3M | $20.5M | 20x | as long as short |
| Binance ARUSDT | +0.0093% | 8h | 4.5060 | +0.044% | $8.8M | $55.4M | 75x | as long as short |
| Extended AR-USD | +0.0096% | 1h | 4.5015 | −0.056% | $37K | $237K | 10x | as long as short |
| MEXC AR_USDT | +0.0096% | 8h | 4.5040 | 0.000% | $6.7M | $4.6M | 100x | as long as short |
| Hyperliquid AR | +0.0100% | 1h | 4.5165 | +0.278% | $3.8M | $4.8M | 5x | as long as short |
| Aster ARUSDT | +0.0100% | 8h | 4.5030 | −0.023% | $20K | $618K | 10x | as long as short |
| Bybit ARUSDT | +0.0100% | 8h | 4.5050 | +0.022% | $4.6M | $8.9M | 75x | as long as short |
Kraken Futures PF_ARUSD
Injective AR/USDC PERP
OKX AR-USDT-SWAP
Binance ARUSDT
Extended AR-USD
MEXC AR_USDT
Hyperliquid AR
Aster ARUSDT
Bybit ARUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate AR_USDT | +0.0100% | 8h | 4.5020 | −0.044% | $2.5M | $2.3M | 50x | as long as short |
| KuCoin ARUSDTM | +0.0100% | 8h | 4.5090 | +0.111% | $1.4M | $1.1M | 50x | as long as short |
| Bitget ARUSDTlong | +0.0100% | 8h | 4.5040 | long leg | $3.8M | $5.5M | 75x | |
| BingX AR-USDT | +0.0100% | 8h | 4.5040 | 0.000% | — | $2.9M | — | as long as short |
| Variational Omni AR | +0.0100% | 8h | 4.4994 | −0.101% | $136K | $173K | — | as long as short |
| ApeX Omni ARUSDT | +0.0100% | 1h | 4.5090 | +0.111% | $57K | $748K | 50x | as long as short |
| BloFin AR-USDT | +0.0218% | 8h | 4.5070 | +0.067% | $420K | $669K | 20x | as long as short |
Gate AR_USDT
KuCoin ARUSDTM
BingX AR-USDT
Variational Omni AR
ApeX Omni ARUSDT
BloFin AR-USDT