Funding you earn now, next payment 21:00 UTC−0.0399%/8h= −43.7% APRnext payment −$0.50 per $10,000 · paid last 24h −0.047%
Price spread now: ApeX Omni against GMX+0.176%68s7-day average −0.016% · 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)−0.158%−$16 on $10k
+Price spread, last 3 days (all we have)−0.687%−$69 · spread now +0.176%, 7d avg −0.016%
=The price spread pays, funding is against you. ApeX Omni is 0.193% dearer against GMX than usual: you sell high and buy low (spread +0.176% now, against its 7-day average of −0.016%): +$19 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 39 hours. At the pace of the last 3 days (−0.158% in total) that is about 3.7 days. The two prices were read 68 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX ARB/USD [ARB-USDC] | 0.2256 | L +0.0276% / S −0.0169% | pay 0.0034% / 1h | 31m 56s | $830K | — | 150x |
| Short | ApeX Omni ARBUSDT | 0.2260 | −0.0123 | pay 0.0015% / 1h | 31m 56s | $124K | $275K | 50x |
GMX ARB/USD [ARB-USDC]
ApeX Omni ARBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against GMX. 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
- −$83.82
- Price spread: +0.176% → −0.016%
- $19.27
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$86.54
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; ApeX Omni: live order book, 15 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 ApeX Omni live order book, 15 min ago | 8.91 bp | 20.9 bp −$21 | 104.0 bp −$1,040 | doesn't fit | 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.
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 | −0.0803% | 1h | 0.2242 | −0.621% | $40K | $107K | 12x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0312% | 1h | 0.2258 | +0.077% | $1.2M | $5.2M | 50x | as long as short |
| Bybit ARBUSDT | −0.0302% | 8h | 0.2256 | −0.019% | $58.6M | $134.0M | 50x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0193% | 1h | 0.2256 | +0.017% | $37K | $18K | 25x | as long as short |
| Variational Omni ARB | −0.0187% | 8h | 0.2254 | −0.099% | $1.9M | $2.8M | — | as long as short |
| SoDEX ARB-USD | −0.0186% | 1h | 0.2255 | −0.027% | $5K | $2.9M | 5x | as long as short |
| ApeX Omni ARBUSDTshort | −0.0123% | 1h | 0.2260 | +0.176% | $124K | $275K | 50x | |
| 01 Exchange ARBUSD | −0.0120% | 1h | 0.2255 | −0.036% | $7K | $2K | 10x | as long as short |
| OKX ARB-USDT-SWAP | −0.0042% | 8h | 0.2255 | −0.045% | $23.2M | $166.7M | 50x | as long as short |
| MEXC ARB_USDT | −0.0041% | 8h | 0.2255 | −0.054% | $38.4M | $63.5M | 200x | as long as short |
Injective ARB/USDC PERP
Kraken Futures PF_ARBUSD
Bybit ARBUSDT
Deribit ARB_USDC-PERPETUAL
Variational Omni ARB
SoDEX ARB-USD
01 Exchange ARBUSD
OKX ARB-USDT-SWAP
MEXC ARB_USDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2257 | +0.040% | $67K | $4K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0006% | 1h | 0.2257 | +0.031% | $60K | — | 150x | as long as short |
| Orderly PERP_ARB_USDC | +0.0007% | 8h | 0.2255 | −0.045% | $10K | $385K | 10x | as long as short |
| Binance ARBUSDT | +0.0021% | 8h | 0.2255 | −0.027% | $64.5M | $323.3M | 75x | as long as short |
| Extended ARB-USD | +0.0024% | 1h | 0.2254 | −0.094% | $358K | $2.5M | 25x | as long as short |
| Polymarket Perps ARB-USD | +0.0036% | 1h | 0.2255 | −0.027% | $71K | $2.3M | 10x | as long as short |
| Gate ARB_USDT | +0.0061% | 8h | 0.2255 | −0.027% | $5.5M | $21.8M | 60x | as long as short |
| Aevo ARB-PERP | +0.0088% | 1h | 0.2258 | +0.074% | $148K | $12K | 3x | as long as short |
| BloFin ARB-USDT | +0.0093% | 8h | 0.2253 | −0.116% | $3.0M | $3.3M | 75x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2258 | +0.088% | $1.4M | $7.7M | 15x | as long as short |
| Bitget ARBUSDT | +0.0096% | 8h | 0.2256 | −0.001% | $21.2M | $38.9M | 50x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2258 | +0.110% | $41.0M | $52.5M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2257 | +0.028% | $709K | $1.8M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2257 | +0.040% | $51K | $203K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2257 | +0.043% | $20.8M | $17.3M | 75x | as long as short |
| BingX ARB-USDT | +0.0100% | 8h | 0.2255 | −0.036% | — | $53.9M | — | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2243 | −0.567% | $38K | $449K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2244 | −0.532% | $482K | $4.2M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2259 | +0.132% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2255 | −0.059% | $276K | $1.2M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2258 | +0.088% | $5.5M | $13.9M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC]long | L +0.0276% / S −0.0169% | 1h | 0.2256 | long leg | $830K | — | 150x | |
| Reya ARBRUSDPERP | +0.0291% | 1h | 0.2255 | −0.065% | $2K | $695 | 20x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0312% | 1h | 0.2259 | +0.132% | $511K | $2.5M | 50x | as long as short |
| Backpack ARB_USDC_PERP | +0.0480% | 1h | 0.2260 | +0.154% | $1.1M | $2.9M | 20x | as long as short |
| RISEx ARB/USDC | +0.0621% | 1h | 0.2258 | +0.086% | $530K | $2.9M | 10x | as long as short |
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Orderly PERP_ARB_USDC
Binance ARBUSDT
Extended ARB-USD
Polymarket Perps ARB-USD
Gate ARB_USDT
Aevo ARB-PERP
BloFin ARB-USDT
Lighter ARB
Bitget ARBUSDT
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
BingX ARB-USDT
edgeX ARBUSDC
GRVT ARB_USDT_Perp
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
Reya ARBRUSDPERP
Coinbase International ARB-PERP-INTX
Backpack ARB_USDC_PERP
RISEx ARB/USDC