Funding you earn now, next payment 22:00 UTC−0.0082%/8h= −8.9% APRnext payment −$0.10 per $10,000 · paid last 24h +0.021%
Price spread now: GMX against Pacifica−0.004%7-day average +0.026% · 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 3 days (all we have)+0.501%+$50 · spread now −0.004%, 7d avg +0.026%
=Together, before fees+0.570%+ Points / potential airdropPacifica: Active · farm board+$57 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and GMX is 0.030% cheaper against Pacifica than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.026%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.068%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica ARB | 0.2232 | 0.0100 | pay 0.0013% / 1h | 8m 22s | $45K | $200K | 10x |
| Short | GMX ARB/USD [ARB-USDC] | 0.2232 | L +0.0153% / S −0.0018% | get 0.0002% / 1h | 8m 22s | $846K | — | 150x |
Pacifica ARB
GMX ARB/USD [ARB-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Pacifica. 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
- −$17.14
- Price spread: −0.004% → +0.026%
- −$3.01
- Slippage, 4 orders
- no order book: not counted
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$40.15
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Pacifica: live order book, 15 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 Pacifica live order book, 15 min ago | 7.80 bp | 12.4 bp −$12 | 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 | −0.1675% | 1h | 0.2218 | −0.642% | $40K | $197K | 12x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0287% | 1h | 0.2232 | −0.010% | $38K | $20K | 25x | as long as short |
| 01 Exchange ARBUSD | −0.0272% | 1h | 0.2230 | −0.104% | $7K | $2K | 10x | as long as short |
| Variational Omni ARB | −0.0159% | 8h | 0.2225 | −0.315% | $1.9M | $2.8M | — | as long as short |
| Bybit ARBUSDT | −0.0138% | 8h | 0.2231 | −0.046% | $56.3M | $135.7M | 50x | as long as short |
| SoDEX ARB-USD | −0.0123% | 1h | 0.2230 | −0.091% | $4K | $2.9M | 5x | as long as short |
| OKX ARB-USDT-SWAP | −0.0106% | 8h | 0.2230 | −0.109% | $22.2M | $164.1M | 50x | as long as short |
| MEXC ARB_USDT | −0.0106% | 8h | 0.2230 | −0.086% | $36.9M | $63.9M | 200x | as long as short |
| Polymarket Perps ARB-USD | −0.0058% | 1h | 0.2231 | −0.060% | $77K | $2.2M | 10x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0053% | 1h | 0.2233 | +0.028% | $1.1M | $5.3M | 50x | as long as short |
Injective ARB/USDC PERP
Deribit ARB_USDC-PERPETUAL
01 Exchange ARBUSD
Variational Omni ARB
Bybit ARBUSDT
SoDEX ARB-USD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Polymarket Perps ARB-USD
Kraken Futures PF_ARBUSDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ARB_USDC | −0.0021% | 8h | 0.2231 | −0.060% | $10K | $389K | 10x | as long as short |
| Binance ARBUSDT | −0.0019% | 8h | 0.2231 | −0.063% | $63.5M | $324.6M | 75x | as long as short |
| Extended ARB-USD | −0.0016% | 1h | 0.2230 | −0.107% | $355K | $2.4M | 25x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2232 | −0.025% | $66K | $4K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2233 | +0.008% | $57K | — | 150x | as long as short |
| Gate ARB_USDT | +0.0005% | 8h | 0.2232 | −0.028% | $5.5M | $21.6M | 60x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2233 | +0.020% | $146K | $12K | 3x | as long as short |
| Bitget ARBUSDT | +0.0089% | 8h | 0.2231 | −0.060% | $20.9M | $38.2M | 50x | as long as short |
| BingX ARB-USDT | +0.0089% | 8h | 0.2231 | −0.055% | — | $54.0M | — | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2232 | −0.033% | $1.3M | $7.8M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2234 | +0.061% | $39.8M | $52.5M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2232 | −0.019% | $693K | $1.7M | 20x | as long as short |
| Pacifica ARBlong | +0.0100% | 1h | 0.2232 | long leg | $45K | $200K | 10x | |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2232 | −0.001% | $20.5M | $16.9M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2226 | −0.287% | $36K | $458K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2226 | −0.284% | $479K | $4.0M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2226 | −0.284% | $121K | $297K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2231 | −0.060% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2231 | −0.060% | $275K | $1.2M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2232 | −0.015% | $5.2M | $13.7M | 50x | as long as short |
| BloFin ARB-USDT | +0.0103% | 8h | 0.2232 | −0.015% | $3.0M | $3.3M | 75x | as long as short |
| GMX ARB/USD [ARB-USDC]short | L +0.0153% / S −0.0018% | 1h | 0.2232 | −0.004% | $846K | — | 150x | |
| Coinbase International ARB-PERP-INTX | +0.0288% | 1h | 0.2249 | +0.747% | $504K | $2.5M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0291% | 1h | 0.2231 | −0.078% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDC | +0.0546% | 1h | 0.2233 | +0.034% | $495K | $2.8M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0556% | 1h | 0.2234 | +0.084% | $1.1M | $2.7M | 20x | as long as short |
Orderly PERP_ARB_USDC
Binance ARBUSDT
Extended ARB-USD
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Gate ARB_USDT
Aevo ARB-PERP
Bitget ARBUSDT
BingX ARB-USDT
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
BloFin ARB-USDT
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
RISEx ARB/USDC
Backpack ARB_USDC_PERP