Funding you earn now, next payment 06:00 UTC−0.0650%/8h= −71.2% APRnext payment −$0.81 per $10,000 · paid last 24h −0.177%
Price spread now: GMX against ApeX Omni−0.127%52s7-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)−0.652%−$65 on $10k
+Price spread, last 4 days (all we have)+0.512%+$51 · spread now −0.127%, 7d avg +0.026%
=Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and GMX is 0.152% cheaper against ApeX Omni than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of +0.026%). Swap the legs. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni ARUSDT | 4.1780 | 0.0100 | pay 0.0013% / 1h | 27m 31s | $20K | $717K | 50x |
| Short | GMX AR/USD [WBTC.b-USDC] | 4.1727 | L −0.0140% / S +0.0550% | pay 0.0069% / 1h | 27m 31s | $536K | — | 50x |
ApeX Omni ARUSDT
GMX AR/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against ApeX Omni. 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
- −$136.53
- Price spread: −0.127% → +0.026%
- −$15.22
- Slippage, 4 orders
- no order book: not counted
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$173.75
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: ApeX Omni: live order book, 21 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 ApeX Omni live order book, 21 min ago | 9.14 bp | 17.3 bp −$17 | 126.4 bp −$1,264 | 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.
AR on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ARUSD | −0.0925% | 1h | 4.1655 | −0.299% | $51K | $179K | 20x | as long as short |
| GMX AR/USD [WBTC.b-USDC]short | L −0.0140% / S +0.0550% | 1h | 4.1727 | −0.127% | $536K | — | 50x | |
| Hyperliquid AR | +0.0100% | 1h | 4.1766 | −0.034% | $3.4M | $4.9M | 5x | as long as short |
| Aster ARUSDT | +0.0100% | 8h | 4.1784 | +0.009% | $41K | $464K | 10x | as long as short |
| Binance ARUSDT | +0.0100% | 8h | 4.1772 | −0.020% | $8.2M | $52.1M | 75x | as long as short |
| Bybit ARUSDT | +0.0100% | 8h | 4.1782 | +0.005% | $4.2M | $9.2M | 75x | as long as short |
| OKX AR-USDT-SWAP | +0.0100% | 8h | 4.1790 | +0.024% | $2.2M | $16.8M | 20x | as long as short |
| Gate AR_USDT | +0.0100% | 8h | 4.1670 | −0.263% | $2.2M | $2.8M | 50x | as long as short |
| MEXC AR_USDT | +0.0100% | 8h | 4.1780 | 0.000% | $5.7M | $4.3M | 100x | as long as short |
| KuCoin ARUSDTM | +0.0100% | 8h | 4.1700 | −0.191% | $1.0M | $1.3M | 50x | as long as short |
Kraken Futures PF_ARUSD
Hyperliquid AR
Aster ARUSDT
Binance ARUSDT
Bybit ARUSDT
OKX AR-USDT-SWAP
Gate AR_USDT
MEXC AR_USDT
KuCoin ARUSDTMShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ARUSDT | +0.0100% | 8h | 4.1750 | −0.072% | $3.7M | $5.5M | 75x | as long as short |
| BingX AR-USDT | +0.0100% | 8h | 4.1780 | 0.000% | — | $2.8M | — | as long as short |
| Variational Omni AR | +0.0100% | 8h | 4.1749 | −0.075% | $234K | $626K | — | as long as short |
| ApeX Omni ARUSDTlong | +0.0100% | 1h | 4.1780 | long leg | $20K | $717K | 50x | |
| Extended AR-USD | +0.0104% | 1h | 4.1765 | −0.036% | $36K | $248K | 10x | as long as short |
| BloFin AR-USDT | +0.0220% | 8h | 4.1820 | +0.096% | $416K | $454K | 20x | as long as short |
| Injective AR/USDC PERP | +0.0666% | 1h | 4.4240 | +5.888% | $2K | $5K | 5.5x | as long as short |
Bitget ARUSDT
BingX AR-USDT
Variational Omni AR
Extended AR-USD
BloFin AR-USDT
Injective AR/USDC PERP