Funding arb · Price arb /

AR

all AR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0240%/8h= +26.3% APRpaid last 24h +0.061%

Price spread now: Binance against GMX−0.030%7-day average −0.022% · you buy dearer than you sell

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

Long on GMX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.324%+$32 on $10k

Price spread, last 4 days (all we have)−0.349%−$35 · spread now −0.030%, 7d avg −0.022%

Together, before fees−0.024%−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.022%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX AR/USD [WBTC.b-USDC]	4.3310	L −0.0140% / S +0.0550%	get 0.0018% / 1h	0m 15s	$556K	—	50x
Short	Binance ARUSDT	4.3297	0.0100	get 0.0100% / 8h	6h 00m	$8.5M	$40.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against GMX. 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 GMXbpFee BinancebpOrdersPrice spread, now −0.030%Rate

Funding earned: $50.47
Price spread: −0.030% → −0.022%: −$0.82
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: $27.64
Costs to cover: 0.220%
Break-even: 3.2 days

Slippage unknown: GMX: no order-book sample; Binance: live order book, 5 min ago. 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 GMX no order-book sample	—	—	—	—	—
Sell Binance live order book, 5 min ago	2.31 bp	17.3 bp −$17	59.6 bp −$596	359.3 bp −$35.9K	doesn't fit

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 exchanges

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	−0.1711%	1h	4.3367	+0.131%	$46K	$154K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]long	L −0.0140% / S +0.0550%	1h	4.3310	long leg	$556K	—	50x
Injective AR/USDC PERP	+0.0033%	1h	4.4240	+2.147%	$2K	$5K	5.5x	as long as short
Hyperliquid AR	+0.0100%	1h	4.3361	+0.117%	$3.8M	$3.8M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.3320	+0.023%	$31K	$194K	10x	as long as short
Binance ARUSDTshort	+0.0100%	8h	4.3297	−0.030%	$8.5M	$40.7M	75x
Bybit ARUSDT	+0.0100%	8h	4.3291	−0.044%	$4.4M	$7.6M	75x	as long as short
OKX AR-USDT-SWAP	+0.0100%	8h	4.3290	−0.046%	$2.3M	$12.6M	20x	as long as short
Gate AR_USDT	+0.0100%	8h	4.3290	−0.046%	$2.3M	$3.7M	50x	as long as short
MEXC AR_USDT	+0.0100%	8h	4.3310	0.000%	$6.2M	$3.5M	100x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ARUSDTM	+0.0100%	8h	4.3310	0.000%	$1.1M	$1.1M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.3270	−0.093%	$3.7M	$4.5M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.3270	−0.093%	—	$2.7M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.3235	−0.174%	$246K	$509K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.3430	+0.277%	$21K	$702K	50x	as long as short
Extended AR-USD	+0.0104%	1h	4.3279	−0.071%	$36K	$248K	10x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.3270	−0.093%	$414K	$370K	20x	as long as short