ARB

Alert

Funding spread now, next payment 18:00 UTC+0.0357%/8h

paid, last 24h+0.019%paid, last 3 days+0.043%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 3 days it paid 0.043% in total (about 5.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ARBUSDT	0.2250	−0.0084	get 0.0084% / 8h	6h 13m	$56.8M	$130.4M	50x
Short	GMX ARB/USD [ARB-USDC]	0.2250	L +0.0303% / S −0.0273%	get 0.0034% / 1h	13m 02s	$715K	—	150x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee GMXbpOrdersRate

Funding earned: $75.01
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee GMX: 6 bp × 2 orders: −$12
Net: $52.01
Break-even: 2.1 days

Slippage unknown: Bybit: live order book, 2 min ago; GMX: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.008%
Avg gap 7d: +0.066%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Bybit live order book, 2 min ago	0.22 bp	8.8 bp −$9	16.2 bp −$162	39.7 bp −$3,969	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.

ARB on 35 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective ARB/USDC PERP	−0.1630%	1h	$55K	$139K	12x	as long as short
Kraken Futures PF_ARBUSD	−0.0244%	1h	$1.1M	$4.9M	50x	as long as short
01 Exchange ARBUSD	−0.0192%	1h	$7K	$2K	10x	as long as short
Polymarket Perps ARB-USD	−0.0115%	1h	$68K	$2.4M	10x	as long as short
Bybit ARBUSDTlong	−0.0084%	8h	$56.8M	$130.4M	50x
dYdX ARB-USD	0.0000%	1h	$68K	$3K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	$39K	$16K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	$59K	—	150x	as long as short
MEXC ARB_USDT	+0.0007%	8h	$40.8M	$64.0M	200x	as long as short
OKX ARB-USDT-SWAP	+0.0008%	8h	$23.2M	$165.2M	50x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Orderly PERP_ARB_USDC	+0.0017%	8h	$11K	$379K	10x	as long as short
SoDEX ARB-USD	+0.0049%	1h	$5K	$2.8M	5x	as long as short
Variational Omni ARB	+0.0059%	8h	$1.8M	$3.3M	—	as long as short
Lighter ARB	+0.0096%	1h	$1.4M	$7.5M	15x	as long as short
Aster ARBUSDT	+0.0100%	8h	$707K	$1.8M	20x	as long as short
Pacifica ARB	+0.0100%	1h	$48K	$199K	10x	as long as short
Binance ARBUSDT	+0.0100%	8h	$63.2M	$318.0M	75x	as long as short
Gate ARB_USDT	+0.0100%	8h	$5.4M	$21.3M	60x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	$20.6M	$17.8M	75x	as long as short
Bitget ARBUSDT	+0.0100%	8h	$20.8M	$38.9M	50x	as long as short
BingX ARB-USDT	+0.0100%	8h	—	$55.5M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	$38K	$465K	20x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	$126K	$259K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	$274K	$1.1M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	$5.4M	$14.1M	50x	as long as short
Extended ARB-USD	+0.0104%	1h	$364K	$2.4M	25x	as long as short
Aevo ARB-PERP	+0.0104%	1h	$150K	$9K	3x	as long as short
Hyperliquid ARB	+0.0205%	1h	$41.6M	$49.6M	10x	as long as short
BloFin ARB-USDT	+0.0220%	8h	$3.1M	$3.1M	75x	as long as short
Reya ARBRUSDPERP	+0.0292%	1h	$2K	$695	20x	as long as short
GMX ARB/USD [ARB-USDC]short	L +0.0303% / S −0.0273%	1h	$715K	—	150x
Coinbase International ARB-PERP-INTX	+0.0432%	1h	$523K	$2.5M	50x	as long as short
Backpack ARB_USDC_PERP	+0.0516%	1h	$962K	$3.0M	20x	as long as short
RISEx ARB/USDC	+0.0519%	1h	$426K	$3.0M	10x	as long as short