ARB

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0232%/8h= +25.4% APRnext payment +$0.29 per $10,000 · paid last 24h +0.065%

Price spread now: GMX against Deribit−0.027%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on GMX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. GMX is 0.027% cheaper against Deribit than usual: you would sell low and buy high (spread −0.027% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 9 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit ARB_USDC-PERPETUAL	0.2187	−0.0070	get 0.0009% / 1h	54m 28s	$29K	$36K	25x
Short	GMX ARB/USD [ARB-USDC]	0.2187	L +0.0279% / S −0.0162%	get 0.0020% / 1h	54m 28s	$836K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Deribit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee GMXbpOrdersPrice spread, now −0.027%Rate

Funding earned: $48.75
Price spread: −0.027% → 0.000%: −$2.7
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee GMX: 6 bp × 2 orders: −$12
Net: $27.05
Costs to cover: 0.190%
Break-even: 3.1 days

Slippage unknown: Deribit: no order-book sample; 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 Deribit no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Deribit and 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 exchanges

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	−0.1736%	1h	0.2182	−0.247%	$39K	$372K	12x	as long as short
Kraken Futures PF_ARBUSD	−0.0230%	1h	0.2187	0.000%	$1.1M	$4.2M	50x	as long as short
SoDEX ARB-USD	−0.0217%	1h	0.2187	−0.037%	$9K	$2.2M	5x	as long as short
Bybit ARBUSDT	−0.0192%	8h	0.2185	−0.087%	$53.8M	$122.4M	50x	as long as short
OKX ARB-USDT-SWAP	−0.0142%	8h	0.2186	−0.064%	$22.8M	$142.7M	50x	as long as short
MEXC ARB_USDT	−0.0141%	8h	0.2185	−0.087%	$44.2M	$61.0M	200x	as long as short
01 Exchange ARBUSD	−0.0128%	1h	0.2186	−0.059%	$7K	$414	10x	as long as short
Deribit ARB_USDC-PERPETUALlong	−0.0070%	1h	0.2187	long leg	$29K	$36K	25x
Binance ARBUSDT	−0.0034%	8h	0.2186	−0.050%	$64.0M	$289.4M	75x	as long as short
Extended ARB-USD	−0.0032%	1h	0.2185	−0.099%	$359K	$3.0M	25x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ARB	−0.0030%	8h	0.2186	−0.060%	$1.8M	$2.6M	—	as long as short
Orderly PERP_ARB_USDC	−0.0020%	8h	0.2187	−0.018%	$16K	$410K	10x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2186	−0.044%	$64K	$3K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2190	+0.117%	$73K	—	150x	as long as short
Polymarket Perps ARB-USD	+0.0006%	1h	0.2186	−0.069%	$73K	$1.9M	10x	as long as short
Gate ARB_USDT	+0.0032%	8h	0.2186	−0.055%	$5.4M	$16.3M	60x	as long as short
Phemex ARBUSDT	+0.0038%	8h	0.2187	−0.018%	$4.7M	$12.6M	50x	as long as short
Aevo ARB-PERP	+0.0072%	1h	0.2187	+0.003%	$139K	$7K	3x	as long as short
BloFin ARB-USDT	+0.0086%	8h	0.2186	−0.055%	$3.0M	$2.1M	75x	as long as short
Lighter ARB	+0.0096%	1h	0.2187	−0.041%	$1.3M	$5.3M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2189	+0.069%	$35.6M	$49.5M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2186	−0.060%	$625K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2187	−0.014%	$42K	$143K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2186	−0.064%	$19.0M	$13.4M	75x	as long as short
Bitget ARBUSDT	+0.0100%	8h	0.2187	−0.018%	$21.0M	$33.6M	50x	as long as short
BingX ARB-USDT	+0.0100%	8h	0.2186	−0.059%	—	$31.9M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2188	+0.039%	$40K	$464K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2189	+0.073%	$469K	$3.3M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2190	+0.119%	$118K	$311K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2191	+0.165%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2187	−0.005%	$296K	$816K	50x	as long as short
Backpack ARB_USDC_PERP	+0.0182%	1h	0.2189	+0.073%	$975K	$2.7M	20x	as long as short
RISEx ARB/USDC	+0.0271%	1h	0.2188	+0.005%	$543K	$2.4M	10x	as long as short
GMX ARB/USD [ARB-USDC]short	L +0.0279% / S −0.0162%	1h	0.2187	−0.027%	$836K	—	150x
Reya ARBRUSDPERP	+0.0288%	1h	0.2186	−0.079%	$2K	$695	20x	as long as short
Coinbase International ARB-PERP-INTX	+0.0424%	1h	0.2196	+0.375%	$524K	$1.4M	50x	as long as short