Funding you earn now, next payment 01:00 UTC−0.0196%/8h= −21.5% APRpaid last 24h −0.047%
Price spread now: Bitget against GMX−0.195%7-day average −0.056% · 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)−0.167%−$17 on $10k
+Price spread, last 3 days (all we have)−0.114%−$11 · spread now −0.195%, 7d avg −0.056%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Bitget is 0.139% cheaper against GMX than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.056%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX ARB/USD [ARB-USDC] | 0.2261 | L +0.0296% / S −0.0186% | pay 0.0037% / 1h | 5m 41s | $924K | — | 150x |
| Short | Bitget ARBUSDT | 0.2257 | 0.0100 | get 0.0100% / 8h | 7h 05m | $21.6M | $35.7M | 50x |
GMX ARB/USD [ARB-USDC]
Bitget ARBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$41.22
- Price spread: −0.195% → −0.056%
- −$13.95
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$79.16
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Bitget: 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 Bitget live order book, 3 min ago | 2.21 bp | 13.6 bp −$14 | 24.7 bp −$247 | 149.3 bp −$14.9K | 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 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 | −0.1666% | 1h | 0.2253 | −0.372% | $41K | $372K | 12x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0280% | 1h | 0.2262 | +0.039% | $25K | $34K | 25x | as long as short |
| Variational Omni ARB | −0.0197% | 8h | 0.2259 | −0.092% | $2.0M | $2.8M | — | as long as short |
| 01 Exchange ARBUSD | −0.0152% | 1h | 0.2258 | −0.151% | $7K | $2K | 10x | as long as short |
| Bybit ARBUSDT | −0.0142% | 8h | 0.2255 | −0.275% | $58.6M | $126.9M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0138% | 1h | 0.2262 | +0.048% | $1.2M | $4.9M | 50x | as long as short |
| OKX ARB-USDT-SWAP | −0.0109% | 8h | 0.2256 | −0.226% | $23.1M | $157.2M | 50x | as long as short |
| MEXC ARB_USDT | −0.0109% | 8h | 0.2258 | −0.173% | $39.4M | $59.5M | 200x | as long as short |
| SoDEX ARB-USD | −0.0081% | 1h | 0.2262 | +0.013% | $10K | $2.5M | 5x | as long as short |
| Orderly PERP_ARB_USDC | −0.0050% | 8h | 0.2261 | −0.018% | $13K | $389K | 10x | as long as short |
Injective ARB/USDC PERP
Deribit ARB_USDC-PERPETUAL
Variational Omni ARB
01 Exchange ARBUSD
Bybit ARBUSDT
Kraken Futures PF_ARBUSD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
SoDEX ARB-USD
Orderly PERP_ARB_USDCShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2261 | −0.037% | $67K | $4K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0013% | 1h | 0.2262 | +0.008% | $11K | — | 150x | as long as short |
| Binance ARBUSDT | +0.0018% | 8h | 0.2258 | −0.151% | $66.8M | $311.0M | 75x | as long as short |
| Extended ARB-USD | +0.0024% | 1h | 0.2255 | −0.276% | $358K | $2.5M | 25x | as long as short |
| BloFin ARB-USDT | +0.0084% | 8h | 0.2265 | +0.154% | $3.2M | $2.9M | 75x | as long as short |
| Aevo ARB-PERP | +0.0088% | 1h | 0.2263 | +0.052% | $143K | $7K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2261 | −0.040% | $1.4M | $7.3M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2263 | +0.057% | $41.0M | $47.2M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2258 | −0.146% | $704K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2259 | −0.107% | $45K | $183K | 10x | as long as short |
| Gate ARB_USDT | +0.0100% | 8h | 0.2256 | −0.226% | $5.5M | $20.0M | 60x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2262 | +0.013% | $19.7M | $15.8M | 75x | as long as short |
| Bitget ARBUSDTshort | +0.0100% | 8h | 0.2257 | −0.195% | $21.6M | $35.7M | 50x | |
| BingX ARB-USDT | +0.0100% | 8h | 0.2256 | −0.230% | — | $54.4M | — | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2273 | +0.511% | $41K | $462K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2275 | +0.603% | $488K | $3.5M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2273 | +0.513% | $122K | $296K | 50x | as long as short |
| Polymarket Perps ARB-USD | +0.0100% | 1h | 0.2262 | +0.008% | $65K | $2.0M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2261 | −0.018% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2262 | +0.013% | $295K | $976K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2263 | +0.070% | $5.2M | $12.9M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0232% | 1h | 0.2262 | +0.026% | $520K | $2.3M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2260 | −0.062% | $2K | $695 | 20x | as long as short |
| GMX ARB/USD [ARB-USDC]long | L +0.0296% / S −0.0186% | 1h | 0.2261 | long leg | $924K | — | 150x | |
| RISEx ARB/USDC | +0.0384% | 1h | 0.2256 | −0.228% | $512K | $2.6M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0584% | 1h | 0.2261 | −0.014% | $1.0M | $2.8M | 20x | as long as short |
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Binance ARBUSDT
Extended ARB-USD
BloFin ARB-USDT
Aevo ARB-PERP
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
Gate ARB_USDT
KuCoin ARBUSDTM
BingX ARB-USDT
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
Polymarket Perps ARB-USD
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
RISEx ARB/USDC
Backpack ARB_USDC_PERP