Funding you earn now, next payment 00:00 UTC+0.0182%/8h= +19.9% APRpaid last 24h +0.033%
Price spread now: GMX against Gate+0.067%7-day average +0.045% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.117%+$12 on $10k
+Price spread, last 3 days (all we have)+0.258%+$26 · spread now +0.067%, 7d avg +0.045%
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and GMX is 0.022% dearer against Gate than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.045%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ARB_USDT | 0.2272 | 0.0004 | pay 0.0004% / 8h | 26m 04s | $5.5M | $20.2M | 60x |
| Short | GMX ARB/USD [ARB-USDC] | 0.2273 | L +0.0296% / S −0.0186% | get 0.0023% / 1h | 26m 04s | $930K | — | 150x |
Gate ARB_USDT
GMX ARB/USD [ARB-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Gate. 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
- $38.16
- Price spread: +0.067% → +0.045%
- $2.16
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $13.32
- Costs to cover
- 0.270%
- Break-even
- 4.6 days
Slippage unknown: Gate: live order book, 3 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 Gate live order book, 3 min ago | 1.76 bp | 19.5 bp −$19 | 29.9 bp −$299 | 101.4 bp −$10.1K | 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 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 | 0.2263 | −0.387% | $41K | $372K | 12x | as long as short |
| Polymarket Perps ARB-USD | −0.0271% | 1h | 0.2274 | +0.110% | $75K | $2.0M | 10x | as long as short |
| Variational Omni ARB | −0.0183% | 8h | 0.2274 | +0.088% | $2.0M | $2.8M | — | as long as short |
| 01 Exchange ARBUSD | −0.0176% | 1h | 0.2275 | +0.136% | $7K | $2K | 10x | as long as short |
| Bybit ARBUSDT | −0.0162% | 8h | 0.2268 | −0.158% | $58.4M | $128.3M | 50x | as long as short |
| OKX ARB-USDT-SWAP | −0.0109% | 8h | 0.2269 | −0.136% | $23.0M | $159.8M | 50x | as long as short |
| MEXC ARB_USDT | −0.0107% | 8h | 0.2272 | +0.004% | $38.1M | $59.7M | 200x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0058% | 1h | 0.2273 | +0.035% | $26K | $32K | 25x | as long as short |
| SoDEX ARB-USD | −0.0052% | 1h | 0.2272 | +0.018% | $4K | $2.6M | 5x | as long as short |
| Orderly PERP_ARB_USDC | −0.0039% | 8h | 0.2273 | +0.053% | $13K | $395K | 10x | as long as short |
Injective ARB/USDC PERP
Polymarket Perps ARB-USD
Variational Omni ARB
01 Exchange ARBUSD
Bybit ARBUSDT
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Deribit ARB_USDC-PERPETUAL
SoDEX ARB-USD
Orderly PERP_ARB_USDCShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2277 | +0.217% | $67K | $4K | 10x | as long as short |
| Gate ARB_USDTlong | +0.0004% | 8h | 0.2272 | long leg | $5.5M | $20.2M | 60x | |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2274 | +0.086% | $55K | — | 150x | as long as short |
| Binance ARBUSDT | +0.0015% | 8h | 0.2270 | −0.070% | $66.6M | $312.5M | 75x | as long as short |
| Extended ARB-USD | +0.0016% | 1h | 0.2271 | −0.025% | $363K | $2.3M | 25x | as long as short |
| BloFin ARB-USDT | +0.0061% | 8h | 0.2276 | +0.207% | $3.2M | $2.8M | 75x | as long as short |
| Bitget ARBUSDT | +0.0064% | 8h | 0.2272 | +0.009% | $21.4M | $35.9M | 50x | as long as short |
| BingX ARB-USDT | +0.0066% | 8h | 0.2272 | +0.013% | — | $53.8M | — | as long as short |
| Aevo ARB-PERP | +0.0088% | 1h | 0.2274 | +0.093% | $149K | $12K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2274 | +0.084% | $1.4M | $7.4M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2275 | +0.145% | $41.4M | $47.5M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2274 | +0.084% | $708K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2278 | +0.258% | $48K | $184K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2273 | +0.035% | $19.7M | $16.1M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2279 | +0.304% | $40K | $460K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2277 | +0.235% | $487K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2281 | +0.405% | $123K | $295K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2279 | +0.317% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2275 | +0.128% | $290K | $1.1M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2276 | +0.185% | $5.2M | $13.1M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0216% | 1h | 0.2281 | +0.405% | $513K | $2.3M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0235% | 1h | 0.2274 | +0.110% | $1.2M | $4.9M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2274 | +0.077% | $2K | $695 | 20x | as long as short |
| GMX ARB/USD [ARB-USDC]short | L +0.0296% / S −0.0186% | 1h | 0.2273 | +0.067% | $930K | — | 150x | |
| RISEx ARB/USDC | +0.0330% | 1h | 0.2277 | +0.247% | $504K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0474% | 1h | 0.2275 | +0.145% | $925K | $2.8M | 20x | as long as short |
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Binance ARBUSDT
Extended ARB-USD
BloFin ARB-USDT
Bitget ARBUSDT
BingX ARB-USDT
Aevo ARB-PERP
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
Coinbase International ARB-PERP-INTX
Kraken Futures PF_ARBUSD
Reya ARBRUSDPERP
RISEx ARB/USDC
Backpack ARB_USDC_PERP