Settings8H · net · $10k
Funding arb · Price arb /

AR

all AR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0174%/8h= +19.0% APRnext payment +$0.22 per $10,000 · paid last 24h +0.076%
Price spread now: Injective against GMX+3.332%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Injective is 3.332% dearer against GMX than usual: you sell high and buy low: +$333 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX AR/USD [WBTC.b-USDC]4.2813L −0.0140% / S +0.0550%get 0.0018% / 1h18m 37s$550K50x
ShortInjective AR/USDC PERP4.42400.0033get 0.0004% / 1h18m 37s$2K$5K5.5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective 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

Funding earned
$36.47
Price spread: +3.332% → 0.000%
$333.21
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
$357.65
Costs to cover
0.120%
Break-even
from the start
Slippage unknown: GMX: no order-book sample; Injective: 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
LegHalf-spread$10k$100k$1M$5M
Buy GMX no order-book sample
Sell Injective no order-book sample
GMX and Injective: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ARUSD−0.1518%1h4.2746−0.156%$53K$135K20xas long as short
GMX AR/USD [WBTC.b-USDC]longL −0.0140% / S +0.0550%1h4.2813long leg$550K50x
Injective AR/USDC PERPshort+0.0033%1h4.4240+3.332%$2K$5K5.5x
Aster ARUSDT+0.0100%8h4.2784−0.069%$32K$283K10xas long as short
Binance ARUSDT+0.0100%8h4.2774−0.091%$8.5M$46.2M75xas long as short
Bybit ARUSDT+0.0100%8h4.2770−0.101%$4.4M$8.5M75xas long as short
OKX AR-USDT-SWAP+0.0100%8h4.2740−0.172%$2.2M$15.2M20xas long as short
Gate AR_USDT+0.0100%8h4.2740−0.172%$2.0M$3.2M50xas long as short
MEXC AR_USDT+0.0100%8h4.2770−0.101%$5.9M$4.0M100xas long as short
KuCoin ARUSDTM+0.0100%8h4.2780−0.078%$1.1M$1.2M50xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget ARUSDT+0.0100%8h4.2760−0.125%$3.7M$5.0M75xas long as short
BingX AR-USDT+0.0100%8h4.2750−0.148%$2.7Mas long as short
Variational Omni AR+0.0100%8h4.2638−0.411%$245K$514Kas long as short
ApeX Omni ARUSDT+0.0100%1h4.2720−0.218%$20K$710K50xas long as short
Extended AR-USD+0.0104%1h4.2778−0.082%$39K$243K10xas long as short
BloFin AR-USDT+0.0220%8h4.2860+0.109%$414K$445K20xas long as short
Hyperliquid AR+0.0371%1h4.2894+0.188%$3.9M$4.6M5xas long as short