Funding you earn now, next payment 10:00 UTC−0.0294%/8h= −32.2% APRpaid last 24h −0.069%
Price spread now: Binance against GMX−0.055%7-day average −0.025% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.220%−$22 on $10k
+Price spread, last 4 days (all we have)−0.640%−$64 · spread now −0.055%, 7d avg −0.025%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Binance is 0.030% cheaper against GMX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.025%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX ARB/USD [ARB-USDC] | 0.2189 | L +0.0276% / S −0.0159% | pay 0.0035% / 1h | 18m 35s | $827K | — | 150x |
| Short | Binance ARBUSDT | 0.2188 | −0.0018 | pay 0.0018% / 8h | 6h 18m | $63.9M | $292.9M | 75x |
GMX ARB/USD [ARB-USDC]
Binance ARBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$61.75
- Price spread: −0.055% → −0.025%
- −$3
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$86.75
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Binance: live order book, 3 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 Binance live order book, 3 min ago | 0.23 bp | 9.2 bp −$9 | 17.2 bp −$172 | 67.8 bp −$6,785 | 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.
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 | −0.1631% | 1h | 0.2177 | −0.539% | $39K | $372K | 12x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0391% | 1h | 0.2188 | −0.023% | $1.1M | $4.2M | 50x | as long as short |
| 01 Exchange ARBUSD | −0.0264% | 1h | 0.2189 | +0.027% | $7K | $414 | 10x | as long as short |
| Bybit ARBUSDT | −0.0152% | 8h | 0.2188 | −0.055% | $53.7M | $123.4M | 50x | as long as short |
| OKX ARB-USDT-SWAP | −0.0123% | 8h | 0.2188 | −0.037% | $22.7M | $144.6M | 50x | as long as short |
| MEXC ARB_USDT | −0.0123% | 8h | 0.2188 | −0.055% | $43.3M | $63.3M | 200x | as long as short |
| SoDEX ARB-USD | −0.0091% | 1h | 0.2187 | −0.078% | $9K | $2.2M | 5x | as long as short |
| Orderly PERP_ARB_USDC | −0.0027% | 8h | 0.2187 | −0.082% | $16K | $412K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0024% | 1h | 0.2188 | −0.027% | $29K | $36K | 25x | as long as short |
| Binance ARBUSDTshort | −0.0018% | 8h | 0.2188 | −0.055% | $63.9M | $292.9M | 75x |
Injective ARB/USDC PERP
Kraken Futures PF_ARBUSD
01 Exchange ARBUSD
Bybit ARBUSDT
OKX ARB-USDT-SWAP
MEXC ARB_USDT
SoDEX ARB-USD
Orderly PERP_ARB_USDC
Deribit ARB_USDC-PERPETUALShow all 36 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended ARB-USD | −0.0016% | 1h | 0.2189 | −0.011% | $359K | $3.0M | 25x | as long as short |
| Gate ARB_USDT | −0.0008% | 8h | 0.2190 | +0.050% | $5.4M | $17.8M | 60x | as long as short |
| Variational Omni ARB | −0.0004% | 8h | 0.2186 | −0.114% | $1.8M | $2.8M | — | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2188 | −0.048% | $64K | $4K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0006% | 1h | 0.2189 | −0.008% | $73K | — | 150x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2188 | −0.014% | $139K | $7K | 3x | as long as short |
| BingX ARB-USDC | +0.0091% | 8h | 0.2188 | −0.023% | — | $6.5M | — | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2188 | −0.055% | $1.2M | $5.6M | 15x | as long as short |
| Bitget ARBUSDT | +0.0097% | 8h | 0.2189 | +0.009% | $21.0M | $33.9M | 50x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2190 | +0.055% | $35.7M | $50.3M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2188 | −0.044% | $626K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2189 | +0.017% | $42K | $144K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2188 | −0.041% | $19.0M | $13.6M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2188 | −0.045% | $40K | $467K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2190 | +0.072% | $471K | $3.5M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2190 | +0.055% | $118K | $311K | 50x | as long as short |
| Polymarket Perps ARB-USD | +0.0100% | 1h | 0.2187 | −0.069% | $73K | $1.9M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2191 | +0.101% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2193 | +0.196% | $297K | $811K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2187 | −0.082% | $4.7M | $12.7M | 50x | as long as short |
| BloFin ARB-USDT | +0.0102% | 8h | 0.2187 | −0.069% | $3.0M | $2.1M | 75x | as long as short |
| RISEx ARB/USDC | +0.0198% | 1h | 0.2191 | +0.120% | $528K | $2.5M | 10x | as long as short |
| GMX ARB/USD [ARB-USDC]long | L +0.0276% / S −0.0159% | 1h | 0.2189 | long leg | $827K | — | 150x | |
| Reya ARBRUSDPERP | +0.0288% | 1h | 0.2187 | −0.073% | $2K | $695 | 20x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0408% | 1h | 0.2197 | +0.375% | $524K | $1.5M | 50x | as long as short |
| Backpack ARB_USDC_PERP | +0.0433% | 1h | 0.2191 | +0.082% | $979K | $2.7M | 20x | as long as short |
Extended ARB-USD
Gate ARB_USDT
Variational Omni ARB
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Aevo ARB-PERP
BingX ARB-USDC
Lighter ARB
Bitget ARBUSDT
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
Polymarket Perps ARB-USD
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
BloFin ARB-USDT
RISEx ARB/USDC
Reya ARBRUSDPERP
Coinbase International ARB-PERP-INTX
Backpack ARB_USDC_PERP