Funding you earn now, next payment 01:00 UTC+0.0075%/8h= +8.2% APRpaid last 24h +0.018%
Price spread now: GMX against HTX+0.071%7-day average +0.030% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.064%+$6 on $10k
+Price spread, last 3 days (all we have)−0.217%−$22 · spread now +0.071%, 7d avg +0.030%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and GMX is 0.041% dearer against HTX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.030%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX ARB-USDT | 0.2250 | 0.0100 | pay 0.0100% / 8h | 7h 30m | $293K | $974K | 50x |
| Short | GMX ARB/USD [ARB-USDC] | 0.2251 | L +0.0288% / S −0.0175% | get 0.0022% / 1h | 30m 28s | $892K | — | 150x |
HTX ARB-USDT
GMX ARB/USD [ARB-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against HTX. 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
- $15.75
- Price spread: +0.071% → +0.030%
- $4.14
- Slippage, 4 orders
- no order book: not counted
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$4.12
- Costs to cover
- 0.240%
- Break-even
- 8.8 days
Slippage unknown: HTX: live order book, 3 min ago; GMX: no order-book sample. 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 HTX live order book, 3 min ago | 9.56 bp | 34.6 bp −$35 | doesn't fit | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
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 | 0.2234 | −0.707% | $40K | $372K | 12x | as long as short |
| Variational Omni ARB | −0.0206% | 8h | 0.2249 | −0.027% | $2.0M | $2.8M | — | as long as short |
| Bybit ARBUSDT | −0.0157% | 8h | 0.2252 | +0.089% | $58.2M | $126.4M | 50x | as long as short |
| 01 Exchange ARBUSD | −0.0152% | 1h | 0.2253 | +0.160% | $7K | $2K | 10x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0138% | 1h | 0.2253 | +0.116% | $1.1M | $4.9M | 50x | as long as short |
| OKX ARB-USDT-SWAP | −0.0120% | 8h | 0.2253 | +0.142% | $22.6M | $156.7M | 50x | as long as short |
| MEXC ARB_USDT | −0.0119% | 8h | 0.2251 | +0.062% | $38.5M | $59.1M | 200x | as long as short |
| SoDEX ARB-USD | −0.0110% | 1h | 0.2250 | 0.000% | $4K | $2.5M | 5x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0061% | 1h | 0.2251 | +0.040% | $25K | $34K | 25x | as long as short |
| Orderly PERP_ARB_USDC | −0.0048% | 8h | 0.2251 | +0.049% | $12K | $386K | 10x | as long as short |
Injective ARB/USDC PERP
Variational Omni ARB
Bybit ARBUSDT
01 Exchange ARBUSD
Kraken Futures PF_ARBUSD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
SoDEX ARB-USD
Deribit ARB_USDC-PERPETUAL
Orderly PERP_ARB_USDCShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended ARB-USD | −0.0008% | 1h | 0.2253 | +0.117% | $361K | $3.6M | 25x | as long as short |
| Binance ARBUSDT | −0.0007% | 8h | 0.2253 | +0.130% | $66.4M | $309.8M | 75x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2253 | +0.120% | $67K | $4K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0006% | 1h | 0.2252 | +0.074% | $32K | — | 150x | as long as short |
| BingX ARB-USDC | +0.0062% | 8h | 0.2248 | −0.084% | — | $6.5M | — | as long as short |
| Bitget ARBUSDT | +0.0072% | 8h | 0.2253 | +0.138% | $21.4M | $35.7M | 50x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2251 | +0.056% | $143K | $7K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2254 | +0.169% | $1.4M | $7.3M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2253 | +0.160% | $40.6M | $47.3M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2251 | +0.055% | $700K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2252 | +0.080% | $44K | $186K | 10x | as long as short |
| Gate ARB_USDT | +0.0100% | 8h | 0.2253 | +0.151% | $5.4M | $19.8M | 60x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2253 | +0.160% | $19.6M | $15.8M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2242 | −0.356% | $40K | $462K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2241 | −0.396% | $479K | $3.5M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2246 | −0.173% | $121K | $296K | 50x | as long as short |
| Polymarket Perps ARB-USD | +0.0100% | 1h | 0.2253 | +0.147% | $64K | $2.0M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2252 | +0.093% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDTlong | +0.0100% | 8h | 0.2250 | long leg | $293K | $974K | 50x | |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2251 | +0.049% | $5.1M | $13.0M | 50x | as long as short |
| BloFin ARB-USDT | +0.0113% | 8h | 0.2251 | +0.027% | $3.1M | $2.8M | 75x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0232% | 1h | 0.2253 | +0.138% | $508K | $2.2M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC]short | L +0.0288% / S −0.0175% | 1h | 0.2251 | +0.071% | $892K | — | 150x | |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2251 | +0.067% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDC | +0.0384% | 1h | 0.2255 | +0.245% | $513K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0491% | 1h | 0.2253 | +0.160% | $1.0M | $2.8M | 20x | as long as short |
Extended ARB-USD
Binance ARBUSDT
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
BingX ARB-USDC
Bitget ARBUSDT
Aevo ARB-PERP
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
Gate ARB_USDT
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
Polymarket Perps ARB-USD
SunX ARB-USDT
Phemex ARBUSDT
BloFin ARB-USDT
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
RISEx ARB/USDC
Backpack ARB_USDC_PERP