ARB

Alert

Funding spread now, next payment 14:00 UTC+0.1022%/8h

next payment, per $10,000+$1.28paid, last 24h+0.005%paid, last 3 days+0.102%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 0.102% in total (about 13.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.28 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]	0.2403	L +0.0248% / S −0.0157%	pay 0.0031% / 1h	39m 03s	$763K	—	150x
Short	Hyperliquid ARB	0.2390	0.1270	get 0.0159% / 1h	39m 03s	$45.2M	$45.9M	10x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee GMXbpFee HyperliquidbpOrdersRate

Funding earned: $214.72
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $193.72
Break-even: 0.7 days

Slippage unknown: GMX: no order-book sample; Hyperliquid: live order book, 6 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.546%
Avg gap 7d: +0.053%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Hyperliquid live order book, 6 min ago	1.63 bp	6.8 bp −$7	doesn't fit	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 35 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective ARB/USDC PERP	−0.0994%	1h	$61K	$293K	12x	as long as short
Orderly PERP_ARB_USDC	−0.0065%	8h	$13K	$255K	10x	as long as short
MEXC ARB_USDT	−0.0040%	8h	$36.5M	$55.8M	200x	as long as short
OKX ARB-USDT-SWAP	−0.0038%	8h	$24.8M	$191.5M	50x	as long as short
dYdX ARB-USD	0.0000%	1h	$72K	$4K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	$38K	$17K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	$34K	—	150x	as long as short
SoDEX ARB-USD	+0.0074%	1h	$4K	$2.8M	5x	as long as short
Aster ARBUSDT	+0.0100%	8h	$724K	$2.1M	20x	as long as short
Pacifica ARB	+0.0100%	1h	$50K	$256K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Binance ARBUSDT	+0.0100%	8h	$69.1M	$315.2M	75x	as long as short
Bybit ARBUSDT	+0.0100%	8h	$60.4M	$131.3M	50x	as long as short
Gate ARB_USDT	+0.0100%	8h	$6.0M	$19.8M	60x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	$20.2M	$19.5M	75x	as long as short
Bitget ARBUSDT	+0.0100%	8h	$22.3M	$37.6M	50x	as long as short
BingX ARB-USDT	+0.0100%	8h	—	$53.6M	—	as long as short
Variational Omni ARB	+0.0100%	8h	$2.1M	$3.0M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	$42K	$455K	20x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	$137K	$274K	50x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	$62K	$2.8M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	$294K	$1.3M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	$5.8M	$15.5M	50x	as long as short
Extended ARB-USD	+0.0104%	1h	$388K	$2.4M	25x	as long as short
Aevo ARB-PERP	+0.0104%	1h	$160K	$9K	3x	as long as short
01 Exchange ARBUSD	+0.0152%	1h	$8K	$3K	10x	as long as short
BloFin ARB-USDT	+0.0220%	8h	$3.5M	$3.3M	75x	as long as short
Lighter ARB	+0.0232%	1h	$1.8M	$6.6M	15x	as long as short
GMX ARB/USD [ARB-USDC]long	L +0.0248% / S −0.0157%	1h	$763K	—	150x
Reya ARBRUSDPERP	+0.0291%	1h	$3K	—	20x	as long as short
Coinbase International ARB-PERP-INTX	+0.0472%	1h	$591K	$2.5M	50x	as long as short
RISEx ARB/USDC	+0.0675%	1h	$398K	$3.3M	10x	as long as short
Kraken Futures PF_ARBUSD	+0.0705%	1h	$1.2M	$4.5M	50x	as long as short
Backpack ARB_USDC_PERP	+0.1116%	1h	$989K	$2.7M	20x	as long as short
Hyperliquid ARBshort	+0.1270%	1h	$45.2M	$45.9M	10x