Spread before costs (cost unknown: a leg has no order-book sample)+0.003%
7d average−0.024%if it closes, per $10,000$0funding while held, a day+$6.58
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX AR/USD [WBTC.b-USDC] | 4.4187 | L −0.0141% / S +0.0552% | get 0.0018% / 1h | 31m 58s | $568K | — | 50x |
| Short | Binance ARUSDT | 4.4188 | 0.0078 | get 0.0078% / 8h | 6h 31m | $8.7M | $83.1M | 75x |
GMX AR/USD [WBTC.b-USDC]
Binance ARUSDTPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $0.31
- Funding while held
- $6.58
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$15.11
- Spread needed to break even
- 0.220%
Slippage unknown: GMX: no order-book sample; Binance: live order book, 12 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0219%
- Per $10,000 a day
- +$6.58
- Average in range /8h
- —
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 Binance live order book, 12 min ago | 1.12 bp | 8.7 bp −$9 | 46.9 bp −$469 | 300.8 bp −$30.1K | 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 price on every exchange
against the cheapest. Click to use as the short leg.Kraken Futures4.4139cheapestGate4.4140+0.001%
Kraken Futures
GateGMX4.4187+0.107%
Binance4.4188+0.110%
Bybit4.4190+0.115%OKX4.4190+0.115%MEXC4.4190+0.115%Bitget4.4190+0.115%Extended4.4204+0.145%Hyperliquid4.4204+0.146%BingX4.4210+0.160%Aster4.4217+0.175%KuCoin4.4240+0.228%BloFin4.4310+0.386%Variational Omni4.4408+0.609%ApeX Omni4.4460+0.726%Injective4.5720+3.581%
Bybit
OKX
MEXC
Bitget
Extended
Hyperliquid
BingX
Aster
KuCoin
BloFin
Variational Omni
ApeX Omni
InjectiveAR on 17 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ARUSD | −0.107% | −0.1712% | 1h | $50K | $249K | 20x | as long as short |
| Gate AR_USDT | −0.105% | +0.0100% | 8h | $2.5M | $3.9M | 50x | as long as short |
| GMX AR/USD [WBTC.b-USDC]long | 0.000% | L −0.0141% / S +0.0552% | 1h | $568K | — | 50x | |
| Binance ARUSDTshort | +0.003% | +0.0078% | 8h | $8.7M | $83.1M | 75x | |
| Bybit ARUSDT | +0.008% | +0.0100% | 8h | $4.6M | $12.7M | 75x | as long as short |
| OKX AR-USDT-SWAP | +0.008% | +0.0099% | 8h | $2.2M | $32.2M | 20x | as long as short |
| MEXC AR_USDT | +0.008% | +0.0078% | 8h | $6.2M | $8.1M | 100x | as long as short |
| Bitget ARUSDT | +0.008% | +0.0100% | 8h | $3.8M | $9.7M | 75x | as long as short |
| Extended AR-USD | +0.038% | +0.0080% | 1h | $36K | $237K | 10x | as long as short |
| Hyperliquid AR | +0.039% | +0.0100% | 1h | $3.6M | $6.9M | 5x | as long as short |
Show all 17 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BingX AR-USDT | +0.053% | +0.0100% | 8h | — | $3.0M | — | as long as short |
| Aster ARUSDT | +0.068% | +0.0100% | 8h | $34K | $965K | 10x | as long as short |
| KuCoin ARUSDTM | +0.121% | +0.0100% | 8h | $1.4M | $1.8M | 50x | as long as short |
| BloFin AR-USDT | +0.279% | +0.0198% | 8h | $433K | $949K | 20x | as long as short |
| Variational Omni AR | +0.502% | +0.0056% | 8h | $130K | $181K | — | as long as short |
| ApeX Omni ARUSDT | +0.619% | +0.0100% | 1h | $58K | $754K | 50x | as long as short |
| Injective AR/USDC PERP | +3.470% | +0.0576% | 1h | $3K | $500 | 5.5x | as long as short |