Funding you earn now, next payment 08:00 UTC+0.0240%/8h= +26.3% APRnext payment +$0.30 per $10,000 · paid last 24h +0.069%
Price spread now: ApeX Omni against GMX−0.295%68s7-day average −0.021% · 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)+0.319%+$32 on $10k
+Price spread, last 4 days (all we have)+0.105%+$11 · spread now −0.295%, 7d avg −0.021%
=Funding pays, the price is against you. ApeX Omni is 0.275% cheaper against GMX than usual: you would sell low and buy high (spread −0.295% now, against its 7-day average of −0.021%). If the spread goes back, that is −$27 on $10k: about 3.8 days of funding at the current rate (+$7 a day). The two prices were read 68 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 | GMX AR/USD [WBTC.b-USDC] | 4.2907 | L −0.0140% / S +0.0550% | get 0.0018% / 1h | 8m 27s | $551K | — | 50x |
| Short | ApeX Omni ARUSDT | 4.2780 | 0.0100 | get 0.0013% / 1h | 8m 27s | $20K | $710K | 50x |
GMX AR/USD [WBTC.b-USDC]
ApeX Omni ARUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni 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
- $50.47
- Price spread: −0.295% → −0.021%
- −$27.47
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- $0.99
- Costs to cover
- 0.220%
- Break-even
- 6.9 days
Slippage unknown: GMX: no order-book sample; ApeX Omni: live order book, 30 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 ApeX Omni live order book, 30 min ago | 7.04 bp | 14.4 bp −$14 | 141.6 bp −$1,416 | 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.
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 | −0.1516% | 1h | 4.2815 | −0.214% | $53K | $135K | 20x | as long as short |
| GMX AR/USD [WBTC.b-USDC]long | L −0.0140% / S +0.0550% | 1h | 4.2907 | long leg | $551K | — | 50x | |
| Injective AR/USDC PERP | +0.0033% | 1h | 4.4240 | +3.107% | $2K | $5K | 5.5x | as long as short |
| Aster ARUSDT | +0.0100% | 8h | 4.2888 | −0.044% | $32K | $278K | 10x | as long as short |
| Binance ARUSDT | +0.0100% | 8h | 4.2873 | −0.078% | $8.5M | $45.6M | 75x | as long as short |
| Bybit ARUSDT | +0.0100% | 8h | 4.2885 | −0.051% | $4.4M | $8.4M | 75x | as long as short |
| OKX AR-USDT-SWAP | +0.0100% | 8h | 4.2890 | −0.039% | $2.2M | $14.9M | 20x | as long as short |
| Gate AR_USDT | +0.0100% | 8h | 4.2830 | −0.179% | $2.0M | $3.2M | 50x | as long as short |
| MEXC AR_USDT | +0.0100% | 8h | 4.2880 | −0.062% | $6.0M | $4.0M | 100x | as long as short |
| KuCoin ARUSDTM | +0.0100% | 8h | 4.2860 | −0.109% | $1.1M | $1.2M | 50x | as long as short |
Kraken Futures PF_ARUSD
Injective AR/USDC PERP
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 | 4.2880 | −0.062% | $3.7M | $5.0M | 75x | as long as short |
| BingX AR-USDT | +0.0100% | 8h | 4.2910 | +0.008% | — | $2.7M | — | as long as short |
| Variational Omni AR | +0.0100% | 8h | 4.2750 | −0.366% | $245K | $514K | — | as long as short |
| ApeX Omni ARUSDTshort | +0.0100% | 1h | 4.2780 | −0.295% | $20K | $710K | 50x | |
| Extended AR-USD | +0.0104% | 1h | 4.2862 | −0.105% | $39K | $239K | 10x | as long as short |
| BloFin AR-USDT | +0.0220% | 8h | 4.2760 | −0.342% | $411K | $443K | 20x | as long as short |
| Hyperliquid AR | +0.0369% | 1h | 4.2937 | +0.070% | $3.9M | $4.5M | 5x | as long as short |
Bitget ARUSDT
BingX AR-USDT
Variational Omni AR
Extended AR-USD
BloFin AR-USDT
Hyperliquid AR