Funding you earn now, next payment 03:00 UTC+0.0055%/8h= +6.1% APRpaid last 24h +0.017%
Price spread now: GMX against KuCoin−0.006%7-day average +0.009% · 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)+0.068%+$7 on $10k
+Price spread, last 4 days (all we have)+0.960%+$96 · spread now −0.006%, 7d avg +0.009%
=The price spread sits at its 7-day average of +0.009%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ARBUSDTM | 0.2207 | 0.0100 | pay 0.0100% / 8h | 5h 00m | $19.5M | $15.2M | 75x |
| Short | GMX ARB/USD [ARB-USDC] | 0.2207 | L +0.0273% / S −0.0155% | get 0.0019% / 1h | 0m 30s | $823K | — | 150x |
KuCoin ARBUSDTM
GMX ARB/USD [ARB-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against KuCoin. 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
- $11.64
- Price spread: −0.006% → +0.009%
- −$1.54
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$13.9
- Costs to cover
- 0.240%
- Break-even
- 15.4 days
Slippage unknown: KuCoin: 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 KuCoin live order book, 3 min ago | 1.13 bp | 26.7 bp −$27 | 55.8 bp −$558 | 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 | −0.1577% | 1h | 0.2196 | −0.498% | $40K | $372K | 12x | as long as short |
| OKX ARB-USDT-SWAP | −0.0148% | 8h | 0.2207 | −0.014% | $22.2M | $148.8M | 50x | as long as short |
| MEXC ARB_USDT | −0.0147% | 8h | 0.2206 | −0.036% | $41.1M | $60.5M | 200x | as long as short |
| Polymarket Perps ARB-USD | −0.0139% | 1h | 0.2205 | −0.082% | $87K | $2.1M | 10x | as long as short |
| Variational Omni ARB | −0.0130% | 8h | 0.2205 | −0.104% | $1.8M | $3.0M | — | as long as short |
| 01 Exchange ARBUSD | −0.0128% | 1h | 0.2207 | −0.023% | $7K | $2K | 10x | as long as short |
| Gate ARB_USDT | −0.0120% | 8h | 0.2208 | +0.032% | $5.4M | $19.3M | 60x | as long as short |
| SoDEX ARB-USD | −0.0114% | 1h | 0.2206 | −0.041% | $10K | $2.3M | 5x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0099% | 1h | 0.2208 | +0.058% | $1.1M | $4.4M | 50x | as long as short |
| Orderly PERP_ARB_USDC | −0.0078% | 8h | 0.2206 | −0.045% | $13K | $388K | 10x | as long as short |
Injective ARB/USDC PERP
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Polymarket Perps ARB-USD
Variational Omni ARB
01 Exchange ARBUSD
Gate ARB_USDT
SoDEX ARB-USD
Kraken Futures PF_ARBUSD
Orderly PERP_ARB_USDCShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit ARB_USDC-PERPETUAL | −0.0067% | 1h | 0.2207 | −0.018% | $24K | $34K | 25x | as long as short |
| Bybit ARBUSDT | −0.0066% | 8h | 0.2206 | −0.036% | $56.1M | $125.9M | 50x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2207 | −0.007% | $65K | $5K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0012% | 1h | 0.2207 | +0.002% | $10K | — | 150x | as long as short |
| Binance ARBUSDT | +0.0014% | 8h | 0.2207 | −0.009% | $64.4M | $306.6M | 75x | as long as short |
| Extended ARB-USD | +0.0016% | 1h | 0.2206 | −0.068% | $351K | $2.5M | 25x | as long as short |
| Phemex ARBUSDT | +0.0049% | 8h | 0.2206 | −0.045% | $5.0M | $12.9M | 50x | as long as short |
| BloFin ARB-USDT | +0.0056% | 8h | 0.2205 | −0.086% | $3.1M | $2.6M | 75x | as long as short |
| Bitget ARBUSDT | +0.0070% | 8h | 0.2206 | −0.045% | $21.1M | $34.6M | 50x | as long as short |
| BingX ARB-USDT | +0.0070% | 8h | 0.2206 | −0.032% | — | $53.8M | — | as long as short |
| Aevo ARB-PERP | +0.0088% | 1h | 0.2207 | −0.020% | $140K | $7K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2207 | 0.000% | $1.2M | $6.4M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2207 | +0.018% | $38.2M | $49.1M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2206 | −0.030% | $645K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2207 | +0.004% | $42K | $169K | 10x | as long as short |
| KuCoin ARBUSDTMlong | +0.0100% | 8h | 0.2207 | long leg | $19.5M | $15.2M | 75x | |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2211 | +0.171% | $40K | $462K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2205 | −0.100% | $480K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2207 | 0.000% | $119K | $283K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2208 | +0.045% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2206 | −0.027% | $300K | $939K | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0224% | 1h | 0.2208 | +0.045% | $494K | $2.0M | 50x | as long as short |
| RISEx ARB/USDC | +0.0232% | 1h | 0.2208 | +0.048% | $489K | $2.7M | 10x | as long as short |
| GMX ARB/USD [ARB-USDC]short | L +0.0273% / S −0.0155% | 1h | 0.2207 | −0.006% | $823K | — | 150x | |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2205 | −0.098% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0536% | 1h | 0.2209 | +0.100% | $995K | $2.8M | 20x | as long as short |
Deribit ARB_USDC-PERPETUAL
Bybit ARBUSDT
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Binance ARBUSDT
Extended ARB-USD
Phemex ARBUSDT
BloFin ARB-USDT
Bitget ARBUSDT
BingX ARB-USDT
Aevo ARB-PERP
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
HTX ARB-USDT
Coinbase International ARB-PERP-INTX
RISEx ARB/USDC
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP