Funding you earn now, next payment 01:00 UTC−0.0385%/8h= −42.1% APRpaid last 24h −0.087%
Price spread now: MEXC against GMX−0.213%7-day average −0.048% · 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)−0.224%−$22 on $10k
+Price spread, last 3 days (all we have)−0.043%−$4 · spread now −0.213%, 7d avg −0.048%
=Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and MEXC is 0.164% cheaper against GMX than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.048%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX ARB/USD [ARB-USDC] | 0.2257 | L +0.0278% / S −0.0162% | pay 0.0035% / 1h | 2m 03s | $856K | — | 150x |
| Short | MEXC ARB_USDT | 0.2252 | −0.0107 | pay 0.0107% / 8h | 7h 02m | $39.0M | $59.6M | 200x |
GMX ARB/USD [ARB-USDC]
MEXC ARB_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$80.81
- Price spread: −0.213% → −0.048%
- −$16.45
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$109.25
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; MEXC: live order book, 2 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 MEXC live order book, 2 min ago | 0.22 bp | 2.1 bp −$2 | 19.0 bp −$190 | 35.3 bp −$3,534 | 69.0 bp −$34.5K |
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 | −0.1666% | 1h | 0.2238 | −0.829% | $40K | $372K | 12x | as long as short |
| Variational Omni ARB | −0.0197% | 8h | 0.2259 | +0.117% | $2.0M | $2.8M | — | as long as short |
| 01 Exchange ARBUSD | −0.0160% | 1h | 0.2256 | −0.049% | $7K | $2K | 10x | as long as short |
| Bybit ARBUSDT | −0.0140% | 8h | 0.2252 | −0.213% | $58.5M | $127.1M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0138% | 1h | 0.2255 | −0.080% | $1.1M | $5.0M | 50x | as long as short |
| OKX ARB-USDT-SWAP | −0.0108% | 8h | 0.2252 | −0.217% | $23.0M | $157.1M | 50x | as long as short |
| MEXC ARB_USDTshort | −0.0107% | 8h | 0.2252 | −0.213% | $39.0M | $59.6M | 200x | |
| SoDEX ARB-USD | −0.0103% | 1h | 0.2254 | −0.129% | $10K | $2.5M | 5x | as long as short |
| Orderly PERP_ARB_USDC | −0.0053% | 8h | 0.2256 | −0.031% | $13K | $388K | 10x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2257 | 0.000% | $67K | $4K | 10x | as long as short |
Injective ARB/USDC PERP
Variational Omni ARB
01 Exchange ARBUSD
Bybit ARBUSDT
Kraken Futures PF_ARBUSD
OKX ARB-USDT-SWAP
SoDEX ARB-USD
Orderly PERP_ARB_USDC
dYdX ARB-USDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2255 | −0.080% | $25K | $34K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0011% | 1h | 0.2256 | −0.010% | $10K | — | 150x | as long as short |
| Binance ARBUSDT | +0.0013% | 8h | 0.2253 | −0.180% | $66.6M | $312.0M | 75x | as long as short |
| Extended ARB-USD | +0.0016% | 1h | 0.2252 | −0.227% | $358K | $2.5M | 25x | as long as short |
| BloFin ARB-USDT | +0.0064% | 8h | 0.2257 | 0.000% | $3.2M | $2.9M | 75x | as long as short |
| Aevo ARB-PERP | +0.0088% | 1h | 0.2255 | −0.074% | $143K | $7K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2256 | −0.013% | $1.4M | $7.3M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2256 | −0.044% | $40.9M | $47.3M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2258 | +0.039% | $703K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2260 | +0.144% | $45K | $183K | 10x | as long as short |
| Gate ARB_USDT | +0.0100% | 8h | 0.2254 | −0.137% | $5.5M | $20.1M | 60x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2254 | −0.129% | $19.6M | $15.8M | 75x | as long as short |
| Bitget ARBUSDT | +0.0100% | 8h | 0.2254 | −0.120% | $21.5M | $35.9M | 50x | as long as short |
| BingX ARB-USDC | +0.0100% | 8h | 0.2251 | −0.270% | — | $6.5M | — | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2266 | +0.420% | $41K | $462K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2256 | −0.018% | $486K | $3.5M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2254 | −0.120% | $121K | $296K | 50x | as long as short |
| Polymarket Perps ARB-USD | +0.0100% | 1h | 0.2257 | +0.018% | $65K | $2.0M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2256 | −0.031% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2256 | −0.044% | $295K | $980K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2255 | −0.075% | $5.2M | $13.0M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0232% | 1h | 0.2257 | +0.013% | $507K | $2.3M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC]long | L +0.0278% / S −0.0162% | 1h | 0.2257 | long leg | $856K | — | 150x | |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2256 | −0.032% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDC | +0.0384% | 1h | 0.2256 | −0.024% | $512K | $2.6M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0584% | 1h | 0.2256 | −0.009% | $1.0M | $2.8M | 20x | as long as short |
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Binance ARBUSDT
Extended ARB-USD
BloFin ARB-USDT
Aevo ARB-PERP
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
Gate ARB_USDT
KuCoin ARBUSDTM
Bitget ARBUSDT
BingX ARB-USDC
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
Polymarket Perps ARB-USD
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
RISEx ARB/USDC
Backpack ARB_USDC_PERP