ARB

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0080%/8h= −8.8% APRnext payment −$0.10 per $10,000 · paid last 24h +0.037%

Price spread now: Coinbase International against GMX−0.154%7-day average +0.130% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on GMX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.058%+$6 on $10k

Price spread, last 3 days (all we have)+0.634%+$63 · spread now −0.154%, 7d avg +0.130%

Together, before fees+0.692%+$69 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Coinbase International is 0.285% cheaper against GMX than usual: you would sell low and buy high (−$28 if the spread goes back to its 7-day average of +0.130%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.058%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX ARB/USD [ARB-USDC]	0.2266	L +0.0296% / S −0.0186%	pay 0.0037% / 1h	18m 54s	$926K	—	150x
Short	Coinbase International ARB-PERP-INTX	0.2263	0.0216	get 0.0027% / 1h	18m 54s	$511K	$2.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against GMX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GMXbpFee Coinbase InternationalbpOrdersPrice spread, now −0.154%Rate

Funding earned: −$16.88
Price spread: −0.154% → +0.130%: −$28.45
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$67.33
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Coinbase International: live order book, 5 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 Coinbase International live order book, 5 min ago	8.63 bp	17.4 bp −$17	55.0 bp −$550	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	−0.1785%	1h	0.2257	−0.397%	$41K	$372K	12x	as long as short
Polymarket Perps ARB-USD	−0.0264%	1h	0.2265	−0.053%	$68K	$2.0M	10x	as long as short
01 Exchange ARBUSD	−0.0184%	1h	0.2264	−0.102%	$7K	$2K	10x	as long as short
Variational Omni ARB	−0.0180%	8h	0.2261	−0.205%	$2.0M	$2.8M	—	as long as short
Bybit ARBUSDT	−0.0165%	8h	0.2264	−0.106%	$58.4M	$128.4M	50x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0147%	1h	0.2265	−0.035%	$26K	$32K	25x	as long as short
SoDEX ARB-USD	−0.0110%	1h	0.2265	−0.057%	$4K	$2.6M	5x	as long as short
MEXC ARB_USDT	−0.0107%	8h	0.2265	−0.062%	$38.0M	$59.9M	200x	as long as short
OKX ARB-USDT-SWAP	−0.0106%	8h	0.2264	−0.075%	$22.8M	$159.6M	50x	as long as short
Orderly PERP_ARB_USDC	−0.0038%	8h	0.2264	−0.088%	$13K	$394K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ARB_USDT	−0.0003%	8h	0.2264	−0.071%	$5.5M	$20.3M	60x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2262	−0.192%	$67K	$4K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2266	0.000%	$55K	—	150x	as long as short
Binance ARBUSDT	+0.0013%	8h	0.2264	−0.069%	$66.7M	$313.8M	75x	as long as short
Extended ARB-USD	+0.0016%	1h	0.2263	−0.113%	$361K	$2.3M	25x	as long as short
BloFin ARB-USDT	+0.0051%	8h	0.2265	−0.040%	$3.2M	$2.8M	75x	as long as short
Bitget ARBUSDT	+0.0062%	8h	0.2264	−0.088%	$21.4M	$36.0M	50x	as long as short
BingX ARB-USDC	+0.0063%	8h	0.2265	−0.053%	—	$6.5M	—	as long as short
Aevo ARB-PERP	+0.0088%	1h	0.2266	−0.015%	$148K	$12K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2267	+0.031%	$1.4M	$7.5M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2267	+0.044%	$40.8M	$47.6M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2266	−0.012%	$706K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2263	−0.140%	$47K	$184K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2265	−0.044%	$19.7M	$16.1M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2259	−0.303%	$40K	$461K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2259	−0.323%	$483K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2262	−0.177%	$122K	$296K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2267	+0.044%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2265	−0.053%	$291K	$1.1M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2265	−0.044%	$5.2M	$13.1M	50x	as long as short
Coinbase International ARB-PERP-INTXshort	+0.0216%	1h	0.2263	−0.154%	$511K	$2.3M	50x
Kraken Futures PF_ARBUSD	+0.0236%	1h	0.2268	+0.105%	$1.1M	$4.9M	50x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2264	−0.067%	$2K	$695	20x	as long as short
GMX ARB/USD [ARB-USDC]long	L +0.0296% / S −0.0186%	1h	0.2266	long leg	$926K	—	150x
RISEx ARB/USDC	+0.0330%	1h	0.2266	+0.022%	$515K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0468%	1h	0.2268	+0.093%	$1.0M	$2.9M	20x	as long as short