Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0120%/8h= +13.2% APRpaid last 24h +0.018%

Price spread now: GMX against BingX+0.078%7-day average +0.062% · you sell dearer than you buy

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

Long on BingX Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.075%+$7 on $10k

Price spread, last 3 days (all we have)+0.241%+$24 · spread now +0.078%, 7d avg +0.062%

Together, before fees+0.316%+$32 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.062%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ARB-USDT	0.2261	0.0065	pay 0.0065% / 8h	22m 54s	—	$53.9M	—
Short	GMX ARB/USD [ARB-USDC]	0.2262	L +0.0296% / S −0.0186%	get 0.0023% / 1h	22m 54s	$924K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against BingX. 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 BingXbpFee GMXbpOrdersPrice spread, now +0.078%Rate

Funding earned: $25.27
Price spread: +0.078% → +0.062%: $1.59
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $4.85
Costs to cover: 0.220%
Break-even: 5.7 days

Slippage unknown: BingX: live order book, 16 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 BingX live order book, 16 min ago	1.54 bp	6.6 bp −$7	8.2 bp −$82	17.5 bp −$1,751	66.7 bp −$33.3K
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	−0.1785%	1h	0.2249	−0.518%	$41K	$372K	12x	as long as short
Polymarket Perps ARB-USD	−0.0270%	1h	0.2259	−0.093%	$70K	$2.0M	10x	as long as short
Variational Omni ARB	−0.0183%	8h	0.2274	+0.579%	$2.0M	$2.8M	—	as long as short
01 Exchange ARBUSD	−0.0176%	1h	0.2258	−0.142%	$7K	$2K	10x	as long as short
Bybit ARBUSDT	−0.0160%	8h	0.2260	−0.013%	$58.4M	$128.4M	50x	as long as short
OKX ARB-USDT-SWAP	−0.0109%	8h	0.2261	+0.013%	$22.8M	$159.4M	50x	as long as short
MEXC ARB_USDT	−0.0108%	8h	0.2262	+0.062%	$38.0M	$59.9M	200x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0104%	1h	0.2262	+0.066%	$26K	$32K	25x	as long as short
SoDEX ARB-USD	−0.0067%	1h	0.2262	+0.049%	$4K	$2.6M	5x	as long as short
Orderly PERP_ARB_USDC	−0.0038%	8h	0.2261	+0.013%	$13K	$395K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ARB-USD	0.0000%	1h	0.2258	−0.126%	$67K	$4K	10x	as long as short
Gate ARB_USDT	+0.0003%	8h	0.2261	+0.004%	$5.4M	$20.3M	60x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2262	+0.075%	$55K	—	150x	as long as short
Binance ARBUSDT	+0.0014%	8h	0.2261	+0.034%	$66.4M	$313.8M	75x	as long as short
Extended ARB-USD	+0.0016%	1h	0.2260	−0.026%	$359K	$2.3M	25x	as long as short
BloFin ARB-USDT	+0.0058%	8h	0.2262	+0.049%	$3.2M	$2.8M	75x	as long as short
Bitget ARBUSDT	+0.0062%	8h	0.2261	+0.013%	$21.4M	$36.0M	50x	as long as short
BingX ARB-USDTlong	+0.0065%	8h	0.2261	long leg	—	$53.9M	—
Aevo ARB-PERP	+0.0088%	1h	0.2263	+0.095%	$148K	$12K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2264	+0.155%	$1.4M	$7.5M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2265	+0.186%	$40.8M	$47.5M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2261	+0.023%	$704K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2257	−0.146%	$48K	$184K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2262	+0.071%	$19.6M	$16.1M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2268	+0.307%	$40K	$461K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2274	+0.589%	$486K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2267	+0.279%	$122K	$296K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2265	+0.190%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2261	+0.018%	$288K	$1.1M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2260	−0.031%	$5.2M	$13.1M	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0216%	1h	0.2255	−0.252%	$508K	$2.3M	50x	as long as short
Kraken Futures PF_ARBUSD	+0.0236%	1h	0.2264	+0.166%	$1.1M	$4.9M	50x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2258	−0.099%	$2K	$695	20x	as long as short
GMX ARB/USD [ARB-USDC]short	L +0.0296% / S −0.0186%	1h	0.2262	+0.078%	$924K	—	150x
RISEx ARB/USDC	+0.0330%	1h	0.2260	−0.031%	$513K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0466%	1h	0.2266	+0.230%	$1.0M	$2.9M	20x	as long as short