Funding you earn now, next payment 04:00 UTC+0.0072%/8h= +7.9% APRnext payment +$0.09 per $10,000 · paid last 24h −0.005%
Price spread now: RISEx against GMX−0.049%7-day average +0.003% · 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)+0.090%+$9 on $10k
+Price spread, last 4 days (all we have)−0.408%−$41 · spread now −0.049%, 7d avg +0.003%
=Funding pays, the price is against you. RISEx is 0.051% cheaper against GMX than usual: you would sell low and buy high (spread −0.049% now, against its 7-day average of +0.003%). If the spread goes back, that is −$5 on $10k: about 2.4 days of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX ARB/USD [ARB-USDC] | 0.2188 | L +0.0154% / S −0.0018% | pay 0.0019% / 1h | 36m 47s | $794K | — | 150x |
| Short | RISEx ARB/USDC | 0.2187 | 0.0225 | get 0.0028% / 1h | 36m 47s | $459K | $2.6M | 10x |
GMX ARB/USD [ARB-USDC]
RISEx ARB/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx 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
- $15.06
- Price spread: −0.049% → +0.003%
- −$5.13
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- −$8.06
- Costs to cover
- 0.180%
- Break-even
- 10.7 days
Slippage unknown: GMX: no order-book sample; RISEx: 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 RISEx live order book, 2 min ago | 1.60 bp | 4.7 bp −$5 | 25.6 bp −$256 | 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 | −0.1649% | 1h | 0.2176 | −0.554% | $39K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0184% | 1h | 0.2186 | −0.111% | $7K | $2K | 10x | as long as short |
| Polymarket Perps ARB-USD | −0.0176% | 1h | 0.2186 | −0.111% | $91K | $2.2M | 10x | as long as short |
| OKX ARB-USDT-SWAP | −0.0138% | 8h | 0.2185 | −0.143% | $22.0M | $147.4M | 50x | as long as short |
| MEXC ARB_USDT | −0.0137% | 8h | 0.2185 | −0.120% | $42.1M | $60.5M | 200x | as long as short |
| Variational Omni ARB | −0.0115% | 8h | 0.2194 | +0.270% | $1.8M | $2.9M | — | as long as short |
| Gate ARB_USDT | −0.0090% | 8h | 0.2187 | −0.065% | $5.3M | $18.7M | 60x | as long as short |
| Orderly PERP_ARB_USDC | −0.0076% | 8h | 0.2187 | −0.052% | $13K | $392K | 10x | as long as short |
| Bybit ARBUSDT | −0.0040% | 8h | 0.2185 | −0.138% | $55.2M | $126.8M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0006% | 1h | 0.2187 | −0.070% | $1.1M | $4.4M | 50x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
Polymarket Perps ARB-USD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Variational Omni ARB
Gate ARB_USDT
Orderly PERP_ARB_USDC
Bybit ARBUSDT
Kraken Futures PF_ARBUSDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2187 | −0.065% | $65K | $5K | 10x | as long as short |
| Extended ARB-USD | 0.0000% | 1h | 0.2186 | −0.096% | $348K | $2.5M | 25x | as long as short |
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2188 | −0.006% | $24K | $34K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0006% | 1h | 0.2188 | +0.005% | $32K | — | 150x | as long as short |
| Binance ARBUSDT | +0.0005% | 8h | 0.2187 | −0.061% | $63.7M | $307.1M | 75x | as long as short |
| BloFin ARB-USDT | +0.0015% | 8h | 0.2187 | −0.047% | $3.1M | $2.6M | 75x | as long as short |
| SoDEX ARB-USD | +0.0038% | 1h | 0.2186 | −0.088% | $10K | $2.3M | 5x | as long as short |
| BingX ARB-USDT | +0.0063% | 8h | 0.2187 | −0.074% | — | $53.9M | — | as long as short |
| Bitget ARBUSDT | +0.0064% | 8h | 0.2186 | −0.097% | $20.7M | $34.8M | 50x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2189 | +0.019% | $139K | $7K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2186 | −0.093% | $1.2M | $5.7M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2187 | −0.052% | $37.7M | $48.8M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2187 | −0.043% | $630K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2186 | −0.093% | $42K | $169K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2187 | −0.065% | $19.4M | $15.0M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2187 | −0.050% | $39K | $461K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2197 | +0.411% | $468K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2187 | −0.052% | $119K | $284K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2189 | +0.040% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2188 | −0.020% | $297K | $952K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2186 | −0.097% | $4.9M | $12.9M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC]long | L +0.0154% / S −0.0018% | 1h | 0.2188 | long leg | $794K | — | 150x | |
| Coinbase International ARB-PERP-INTX | +0.0224% | 1h | 0.2188 | −0.006% | $489K | $1.9M | 50x | as long as short |
| RISEx ARB/USDCshort | +0.0225% | 1h | 0.2187 | −0.049% | $459K | $2.6M | 10x | |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2186 | −0.103% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0567% | 1h | 0.2189 | +0.049% | $989K | $2.8M | 20x | as long as short |
dYdX ARB-USD
Extended ARB-USD
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Binance ARBUSDT
BloFin ARB-USDT
SoDEX ARB-USD
BingX ARB-USDT
Bitget ARBUSDT
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
HTX ARB-USDT
Phemex ARBUSDT
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP