Funding you earn now, next payment 05:00 UTC−0.0771%/8h= −84.4% APRpaid last 24h −0.163%
Price spread now: GMX against BloFin−0.042%51s7-day average +0.070% · 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)−0.649%−$65 on $10k
+Price spread, last 4 days (all we have)+0.143%+$14 · spread now −0.042%, 7d avg +0.070%
=Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and GMX is 0.112% cheaper against BloFin than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.070%). Swap the legs. The two prices were read 51 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 | BloFin AR-USDT | 4.4130 | 0.0220 | pay 0.0220% / 8h | 3h 19m | $417K | $474K | 20x |
| Short | GMX AR/USD [WBTC.b-USDC] | 4.4111 | L −0.0141% / S +0.0551% | pay 0.0069% / 1h | 19m 53s | $567K | — | 50x |
BloFin AR-USDT
GMX AR/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against BloFin. 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
- −$161.93
- Price spread: −0.042% → +0.070%
- −$11.23
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$197.16
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: BloFin: live order book, 11 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 BloFin live order book, 11 min ago | 1.14 bp | 17.9 bp −$18 | 39.0 bp −$390 | 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 | −0.1224% | 1h | 4.4080 | −0.114% | $59K | $143K | 20x | as long as short |
| GMX AR/USD [WBTC.b-USDC]short | L −0.0141% / S +0.0551% | 1h | 4.4111 | −0.042% | $567K | — | 50x | |
| Aster ARUSDT | +0.0100% | 8h | 4.4053 | −0.175% | $30K | $467K | 10x | as long as short |
| Binance ARUSDT | +0.0100% | 8h | 4.4050 | −0.181% | $8.6M | $50.6M | 75x | as long as short |
| Bybit ARUSDT | +0.0100% | 8h | 4.4039 | −0.206% | $4.5M | $8.5M | 75x | as long as short |
| OKX AR-USDT-SWAP | +0.0100% | 8h | 4.4030 | −0.227% | $2.2M | $17.5M | 20x | as long as short |
| Gate AR_USDT | +0.0100% | 8h | 4.4050 | −0.181% | $2.5M | $1.9M | 50x | as long as short |
| MEXC AR_USDT | +0.0100% | 8h | 4.4070 | −0.136% | $6.0M | $4.2M | 100x | as long as short |
| KuCoin ARUSDTM | +0.0100% | 8h | 4.4060 | −0.159% | $1.1M | $1.3M | 50x | as long as short |
| Bitget ARUSDT | +0.0100% | 8h | 4.4100 | −0.068% | $3.8M | $5.2M | 75x | as long as short |
Kraken Futures PF_ARUSD
Aster ARUSDT
Binance ARUSDT
Bybit ARUSDT
OKX AR-USDT-SWAP
Gate AR_USDT
MEXC AR_USDT
KuCoin ARUSDTM
Bitget ARUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX AR-USDT | +0.0100% | 8h | 4.4020 | −0.249% | — | $2.8M | — | as long as short |
| Variational Omni AR | +0.0100% | 8h | 4.4097 | −0.074% | $234K | $414K | — | as long as short |
| ApeX Omni ARUSDT | +0.0100% | 1h | 4.3860 | −0.612% | $19K | $714K | 50x | as long as short |
| Extended AR-USD | +0.0104% | 1h | 4.4072 | −0.131% | $36K | $237K | 10x | as long as short |
| BloFin AR-USDTlong | +0.0220% | 8h | 4.4130 | long leg | $417K | $474K | 20x | |
| Hyperliquid AR | +0.0319% | 1h | 4.4166 | +0.082% | $3.8M | $4.4M | 5x | as long as short |
| Injective AR/USDC PERP | +0.0433% | 1h | 4.4240 | +0.249% | $2K | $5K | 5.5x | as long as short |
BingX AR-USDT
Variational Omni AR
ApeX Omni ARUSDT
Extended AR-USD
Hyperliquid AR
Injective AR/USDC PERP