Funding spread now, next payment 15:00 UTC+0.0361%/8h
next payment, per $10,000+$0.45paid, last 24h+0.013%paid, last 3 days+0.057%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 0.057% in total (about 7.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.45 per $10,000. 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 | GMX ARB/USD [ARB-USDC] | 0.2368 | L +0.0252% / S −0.0158% | pay 0.0032% / 1h | 51m 08s | $769K | — | 150x |
| Short | Backpack ARB_USDC_PERP | 0.2370 | 0.0614 | get 0.0077% / 1h | 51m 08s | $987K | $2.9M | 20x |
GMX ARB/USD [ARB-USDC]
Backpack ARB_USDC_PERPFunding history
latest
Range statsloading…
Funding on every exchange
click an exchange to add or hide itlatest
Profit calculator
- Funding earned
- $75.86
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $53.86
- Break-even
- 2.0 days
Slippage unknown: GMX: no order-book sample; Backpack: live order book, 4 min ago. Net counts fees only.
Price risk
price view- Price gap now
- +0.076%
- Avg gap 7d
- +0.031%
A gap far from its average can cost days of funding.
Backtest
opened in the past, held until now, after costsCost 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 Backpack live order book, 4 min ago | 3.77 bp | 10.0 bp −$10 | 79.2 bp −$792 | 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 34 venues
lowest funding first. Swap a leg.| Exchange | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|
| Injective ARB/USDC PERP | −0.1516% | 1h | $60K | $248K | 12x | as long as short |
| ApeX Omni ARBUSDT | −0.0532% | 1h | $134K | $275K | 50x | as long as short |
| RISEx ARB/USDC | −0.0049% | 1h | $384K | $3.4M | 10x | as long as short |
| Orderly PERP_ARB_USDC | −0.0044% | 8h | $12K | $295K | 10x | as long as short |
| MEXC ARB_USDT | −0.0006% | 8h | $37.4M | $57.7M | 200x | as long as short |
| OKX ARB-USDT-SWAP | −0.0004% | 8h | $24.9M | $194.1M | 50x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | $71K | $4K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | $39K | $19K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0004% | 1h | $56K | — | 150x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | $714K | $2.2M | 20x | as long as short |
Injective ARB/USDC PERP
ApeX Omni ARBUSDT
RISEx ARB/USDC
Orderly PERP_ARB_USDC
MEXC ARB_USDT
OKX ARB-USDT-SWAP
dYdX ARB-USD
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Aster ARBUSDT
Pacifica ARB
Binance ARBUSDT
Bybit ARBUSDT
Gate ARB_USDT
KuCoin ARBUSDTM
Bitget ARBUSDT
BingX ARB-USDC
Variational Omni ARB
Polymarket Perps ARB-USD
SunX ARB-USDT
SoDEX ARB-USD
HTX ARB-USDT
Phemex ARBUSDT
Extended ARB-USD
Aevo ARB-PERP
BloFin ARB-USDT
Reya ARBRUSDPERP
Hyperliquid ARB
Kraken Futures PF_ARBUSD
Coinbase International ARB-PERP-INTX
Lighter ARB