Funding you earn now, next payment 03:00 UTC−0.0651%/8h= −71.3% APRpaid last 24h −0.163%
Price spread now: GMX against Variational Omni−0.201%7-day average +0.175% · 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)−0.485%−$48 on $10k
+Price spread, last 4 days (all we have)+1.308%+$131 · spread now −0.201%, 7d avg +0.175%
=Together, before fees+0.823%+ Points / potential airdropVariational Omni: Active · farm board+$82 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and GMX is 0.377% cheaper against Variational Omni than usual: you would sell low and buy high (−$38 if the spread goes back to its 7-day average of +0.175%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni AR | 4.5276 | 0.0100 | pay 0.0100% / 8h | 5h 31m | $235K | $256K | — |
| Short | GMX AR/USD [WBTC.b-USDC] | 4.5185 | L −0.0141% / S +0.0551% | pay 0.0069% / 1h | 31m 53s | $581K | — | 50x |
Variational Omni AR
GMX AR/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Variational 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
- −$136.73
- Price spread: −0.201% → +0.175%
- −$37.67
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$186.39
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 32 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 Variational Omni RFQ quote, 32 min ago | 4.91 bp | doesn't fit | 146.8 bp −$1,468 | 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX AR/USD [WBTC.b-USDC]short | L −0.0141% / S +0.0551% | 1h | 4.5185 | −0.201% | $581K | — | 50x | |
| OKX AR-USDT-SWAP | −0.0083% | 8h | 4.5180 | −0.212% | $2.3M | $18.8M | 20x | as long as short |
| Injective AR/USDC PERP | +0.0033% | 1h | 4.5290 | +0.031% | $548 | $3K | 5.5x | as long as short |
| Hyperliquid AR | +0.0100% | 1h | 4.5271 | −0.011% | $4.1M | $4.5M | 5x | as long as short |
| Aster ARUSDT | +0.0100% | 8h | 4.5232 | −0.098% | $19K | $500K | 10x | as long as short |
| Binance ARUSDT | +0.0100% | 8h | 4.5200 | −0.168% | $9.0M | $51.5M | 75x | as long as short |
| Bybit ARUSDT | +0.0100% | 8h | 4.5202 | −0.164% | $4.7M | $8.4M | 75x | as long as short |
| Gate AR_USDT | +0.0100% | 8h | 4.5200 | −0.168% | $2.5M | $2.0M | 50x | as long as short |
| MEXC AR_USDT | +0.0100% | 8h | 4.5210 | −0.146% | $6.5M | $4.3M | 100x | as long as short |
| KuCoin ARUSDTM | +0.0100% | 8h | 4.5200 | −0.168% | $1.2M | $1.2M | 50x | as long as short |
OKX AR-USDT-SWAP
Injective AR/USDC PERP
Hyperliquid AR
Aster ARUSDT
Binance ARUSDT
Bybit ARUSDT
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 | 4.5180 | −0.212% | $3.9M | $5.3M | 75x | as long as short |
| BingX AR-USDT | +0.0100% | 8h | 4.5210 | −0.146% | — | $2.8M | — | as long as short |
| Variational Omni ARlong | +0.0100% | 8h | 4.5276 | long leg | $235K | $256K | — | |
| ApeX Omni ARUSDT | +0.0100% | 1h | 4.5240 | −0.080% | $20K | $725K | 50x | as long as short |
| Extended AR-USD | +0.0104% | 1h | 4.5177 | −0.218% | $37K | $239K | 10x | as long as short |
| BloFin AR-USDT | +0.0220% | 8h | 4.5350 | +0.163% | $434K | $497K | 20x | as long as short |
| Kraken Futures PF_ARUSD | +0.1930% | 1h | 4.5297 | +0.046% | $55K | $149K | 20x | as long as short |
Bitget ARUSDT
BingX AR-USDT
ApeX Omni ARUSDT
Extended AR-USD
BloFin AR-USDT
Kraken Futures PF_ARUSD