Funding you earn now, next payment 07:00 UTC+0.0087%/8h= +9.5% APRpaid last 24h +0.007%
Price spread now: GMX against BloFin+0.074%7-day average +0.025% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.037%+$4 on $10k
+Price spread, last 4 days (all we have)−0.215%−$21 · spread now +0.074%, 7d avg +0.025%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and GMX is 0.049% dearer against BloFin than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.025%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin ARB-USDT | 0.2186 | 0.0071 | pay 0.0071% / 8h | 1h 01m | $3.0M | $2.3M | 75x |
| Short | GMX ARB/USD [ARB-USDC] | 0.2187 | L +0.0276% / S −0.0158% | get 0.0020% / 1h | 1m 04s | $825K | — | 150x |
BloFin ARB-USDT
GMX ARB/USD [ARB-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against BloFin. 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
- $18.26
- Price spread: +0.074% → +0.025%
- $4.89
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$0.85
- Costs to cover
- 0.240%
- Break-even
- 7.3 days
Slippage unknown: BloFin: live order book, 2 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 BloFin live order book, 2 min ago | 3.42 bp | 12.1 bp −$12 | 24.7 bp −$247 | 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 | −0.1592% | 1h | 0.2186 | +0.014% | $39K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0176% | 1h | 0.2186 | +0.005% | $7K | $236 | 10x | as long as short |
| Polymarket Perps ARB-USD | −0.0170% | 1h | 0.2187 | +0.037% | $67K | $2.1M | 10x | as long as short |
| SoDEX ARB-USD | −0.0113% | 1h | 0.2186 | +0.027% | $9K | $2.2M | 5x | as long as short |
| MEXC ARB_USDT | −0.0092% | 8h | 0.2186 | +0.023% | $41.9M | $62.5M | 200x | as long as short |
| OKX ARB-USDT-SWAP | −0.0092% | 8h | 0.2185 | −0.009% | $22.0M | $144.3M | 50x | as long as short |
| Variational Omni ARB | −0.0042% | 8h | 0.2196 | +0.488% | $1.8M | $3.0M | — | as long as short |
| Orderly PERP_ARB_USDC | −0.0039% | 8h | 0.2186 | +0.014% | $12K | $407K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0024% | 1h | 0.2187 | +0.059% | $28K | $38K | 25x | as long as short |
| Bybit ARBUSDT | −0.0006% | 8h | 0.2185 | −0.014% | $53.6M | $126.4M | 50x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
Polymarket Perps ARB-USD
SoDEX ARB-USD
MEXC ARB_USDT
OKX ARB-USDT-SWAP
Variational Omni ARB
Orderly PERP_ARB_USDC
Deribit ARB_USDC-PERPETUAL
Bybit ARBUSDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2189 | +0.163% | $65K | $5K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0009% | 1h | 0.2188 | +0.105% | $44K | — | 150x | as long as short |
| Extended ARB-USD | +0.0016% | 1h | 0.2186 | +0.002% | $349K | $3.0M | 25x | as long as short |
| Gate ARB_USDT | +0.0017% | 8h | 0.2187 | +0.037% | $5.4M | $18.5M | 60x | as long as short |
| Binance ARBUSDT | +0.0018% | 8h | 0.2186 | +0.018% | $62.6M | $302.0M | 75x | as long as short |
| RISEx ARB/USDC | +0.0056% | 1h | 0.2187 | +0.073% | $485K | $2.6M | 10x | as long as short |
| BingX ARB-USDC | +0.0070% | 8h | 0.2185 | −0.032% | — | $6.5M | — | as long as short |
| BloFin ARB-USDTlong | +0.0071% | 8h | 0.2186 | long leg | $3.0M | $2.3M | 75x | |
| Bitget ARBUSDT | +0.0073% | 8h | 0.2187 | +0.059% | $21.1M | $34.7M | 50x | as long as short |
| Aevo ARB-PERP | +0.0088% | 1h | 0.2187 | +0.037% | $139K | $7K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2187 | +0.037% | $1.2M | $5.5M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2188 | +0.087% | $36.9M | $49.4M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2188 | +0.123% | $629K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2190 | +0.180% | $42K | $148K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2187 | +0.050% | $19.4M | $14.2M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2192 | +0.270% | $39K | $465K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2192 | +0.294% | $467K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2197 | +0.517% | $119K | $279K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2190 | +0.197% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2190 | +0.174% | $292K | $857K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2186 | +0.014% | $4.8M | $12.9M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0233% | 1h | 0.2188 | +0.097% | $1.1M | $4.4M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC]short | L +0.0276% / S −0.0158% | 1h | 0.2187 | +0.074% | $825K | — | 150x | |
| Coinbase International ARB-PERP-INTX | +0.0288% | 1h | 0.2196 | +0.453% | $524K | $1.5M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2186 | +0.006% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0568% | 1h | 0.2189 | +0.169% | $983K | $2.8M | 20x | as long as short |
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Extended ARB-USD
Gate ARB_USDT
Binance ARBUSDT
RISEx ARB/USDC
BingX ARB-USDC
Bitget ARBUSDT
Aevo ARB-PERP
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
Kraken Futures PF_ARBUSD
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP