Funding you earn now, next payment 05:00 UTC−0.0180%/8h= −19.7% APRpaid last 24h −0.035%
Price spread now: BloFin against GMX−0.042%51s7-day average −0.023% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.128%−$13 on $10k
+Price spread, last 4 days (all we have)+0.311%+$31 · spread now −0.042%, 7d avg −0.023%
=The price spread sits at its 7-day average of −0.023%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate. The two prices were read 51 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] | 0.2192 | L +0.0276% / S −0.0158% | pay 0.0034% / 1h | 45m 32s | $827K | — | 150x |
| Short | BloFin ARB-USDT | 0.2191 | 0.0096 | get 0.0096% / 8h | 3h 45m | $3.1M | $2.5M | 75x |
GMX ARB/USD [ARB-USDC]
BloFin ARB-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$37.74
- Price spread: −0.042% → −0.023%
- −$1.89
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$63.63
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; BloFin: live order book, 3 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 BloFin live order book, 3 min ago | 3.64 bp | 11.8 bp −$12 | 20.5 bp −$205 | 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 | −0.1589% | 1h | 0.2184 | −0.357% | $39K | $372K | 12x | as long as short |
| Polymarket Perps ARB-USD | −0.0244% | 1h | 0.2189 | −0.138% | $71K | $2.1M | 10x | as long as short |
| OKX ARB-USDT-SWAP | −0.0116% | 8h | 0.2189 | −0.129% | $22.1M | $142.9M | 50x | as long as short |
| MEXC ARB_USDT | −0.0115% | 8h | 0.2188 | −0.156% | $41.8M | $60.3M | 200x | as long as short |
| Variational Omni ARB | −0.0102% | 8h | 0.2189 | −0.107% | $1.8M | $2.9M | — | as long as short |
| Orderly PERP_ARB_USDC | −0.0073% | 8h | 0.2191 | −0.037% | $12K | $407K | 10x | as long as short |
| Bybit ARBUSDT | −0.0059% | 8h | 0.2188 | −0.188% | $55.2M | $123.9M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0050% | 1h | 0.2192 | +0.008% | $1.1M | $4.4M | 50x | as long as short |
| Gate ARB_USDT | −0.0043% | 8h | 0.2188 | −0.165% | $5.3M | $18.0M | 60x | as long as short |
| 01 Exchange ARBUSD | −0.0024% | 1h | 0.2190 | −0.088% | $7K | $2K | 10x | as long as short |
Injective ARB/USDC PERP
Polymarket Perps ARB-USD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Variational Omni ARB
Orderly PERP_ARB_USDC
Bybit ARBUSDT
Kraken Futures PF_ARBUSD
Gate ARB_USDT
01 Exchange ARBUSDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2189 | −0.124% | $65K | $5K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2192 | +0.026% | $24K | $34K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0006% | 1h | 0.2192 | −0.005% | $32K | — | 150x | as long as short |
| Extended ARB-USD | +0.0024% | 1h | 0.2187 | −0.208% | $349K | $2.5M | 25x | as long as short |
| Binance ARBUSDT | +0.0026% | 8h | 0.2189 | −0.120% | $63.6M | $299.5M | 75x | as long as short |
| Bitget ARBUSDT | +0.0056% | 8h | 0.2188 | −0.174% | $20.8M | $34.1M | 50x | as long as short |
| BingX ARB-USDC | +0.0060% | 8h | 0.2187 | −0.229% | — | $6.5M | — | as long as short |
| Aevo ARB-PERP | +0.0088% | 1h | 0.2192 | 0.000% | $139K | $7K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2189 | −0.129% | $1.2M | $5.5M | 15x | as long as short |
| BloFin ARB-USDTshort | +0.0096% | 8h | 0.2191 | −0.042% | $3.1M | $2.5M | 75x | |
| Hyperliquid ARB | +0.0100% | 1h | 0.2191 | −0.033% | $37.5M | $48.4M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2188 | −0.155% | $630K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2189 | −0.146% | $42K | $159K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2189 | −0.124% | $19.5M | $14.7M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2191 | −0.016% | $38K | $465K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2192 | +0.002% | $473K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2192 | +0.008% | $118K | $283K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2193 | +0.054% | $1K | $1.1M | 30x | as long as short |
| SoDEX ARB-USD | +0.0100% | 1h | 0.2191 | −0.019% | $10K | $2.2M | 5x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2192 | +0.004% | $297K | $888K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2191 | −0.037% | $4.9M | $12.8M | 50x | as long as short |
| RISEx ARB/USDC | +0.0118% | 1h | 0.2190 | −0.097% | $478K | $2.6M | 10x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0256% | 1h | 0.2200 | +0.350% | $493K | $1.7M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC]long | L +0.0276% / S −0.0158% | 1h | 0.2192 | long leg | $827K | — | 150x | |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2188 | −0.159% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0492% | 1h | 0.2194 | +0.095% | $987K | $2.8M | 20x | as long as short |
dYdX ARB-USD
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Extended ARB-USD
Binance ARBUSDT
Bitget ARBUSDT
BingX ARB-USDC
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
SoDEX ARB-USD
HTX ARB-USDT
Phemex ARBUSDT
RISEx ARB/USDC
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP